Power struggle intensifies among investigative bodies over Yoon Suk Yeol’s martial law case

  The investigation into President Yoon Suk Yeol’s controversial December 3 martial law declaration has descended into a jurisdictional tug-of-war among South Korea’s prosecutorial, police and anti-corruption agencies, raising concerns about the investigation's clarity and efficiency. At the heart of the dispute is the Corruption Investigation Office for High-Ranking Officials, which rejected a request from the prosecutor’s office to hand over all cases related to the mart

PoliticsDec. 9, 2024

Cheaper Chinese chips hamper profit outlook for Samsung, SK hynix

Chinese chipmakers are posing challenges for South Korean memory chip giants, flooding the global market with legacy chips at half the market price amid slowing demand. With the price of the older DRAM chips plunging more than 30 percent, market analysts lowered the earnings prospects for Samsung Electronics and SK hynix, the world's top two memory chip makers. According to DRAMeXchange on Monday, the spot price of 8 gigabyte DDR4 chips for computers fell to $1.35 in November, marking a 35.

IndustryDec. 9, 2024

Chinese battery makers gobble up Korean firms' global market share

The competitiveness of Korean battery makers -- LG Energy Solution, Samsung SDI and SK On -- continues to be threatened by the seemingly unceasing growth of Chinese rivals, a global electric vehicle battery usage report showed Monday. According to SNE Research’s analysis, the three Korean battery makers’ combined share in the global EV battery sector logged 20.2 percent between Jan. and Oct. this year, down 3.5 percentage points from the same period last year. The decline came even t

MobilityDec. 9, 2024

Global talent market expands as “professionals” eyes abroad

Global job mobility has emerged as a dominant trend in 2024, with an increasing number of professionals here seeking career opportunities abroad, data found Monday. According to data released by the professional search division of Manpower Korea, the local unit of global HR firm ManpowerGroup, global recruitment sales accounted for over 10 percent of the division’s total revenue this year, a tenfold increase from 2022. The company noted that the global sales proportion was less than 1 perc

IndustryDec. 9, 2024

'Squid Game 2' will leave audience reflecting on social chaos of today

With about two weeks to go until "Squid Game" returns for its second season, the show's director unveiled Monday that the thriller will invite viewers to reflect on the chaos of modern society. "From my perspective, people are drawing lines, becoming hostile toward one another, and such conflicts seem to be deepening globally," Hwang Dong-hyuk, director of the first and second seasons of "Squid Game," said during a press conference held on Monday in Jung-gu,

TelevisionDec. 9, 2024

Democratic Party to file complaint against Prime Minister

The main opposition Democratic Party of Korea announced Monday its plan to file a complaint with the Corruption Investigation Office for High-Ranking Officials against Prime Minister Han Duck-soo, accusing him of insurrection. Senior Democratic Party spokesperson Cho Seung-rae stated after the party's Supreme Council meeting that it would move forward with charges against the prime minister. According to local reports, the main opposition party is considering a motion to impeach the prime m

Social AffairsDec. 9, 2024

Over 60,000 sign petition against park named after dictatorial leader

Over 60,000 South Koreans as of Monday have signed an online petition calling for a ban on the commemoration of convicted politicians by government bodies, demanding former military dictator Chun Doo-hwan's penname to be removed from a public park. The petition, posted on the National Assembly's petition page on Nov. 15, requested the parliament to revise the law to ensure that names of those found guilty of violating the law or the Constitution from being on any type of commemorative

Social AffairsDec. 9, 2024

Travelers uneasy as South Korea works to restore confidence in safety

South Korea’s tourism industry is scrambling to reassure visitors after President Yoon Suk Yeol’s sudden declaration of martial law last week caused confusion and travel cancellations. Though the emergency decree was lifted quickly, concerns about safety have prompted some foreign travelers to rethink their plans, raising fears of setbacks for an industry still recovering from the COVID-19 pandemic. Hotels, travel agencies and tour operators report a spike in inquiries from internati

Social AffairsDec. 9, 2024

Buyeo National Museum shows key Baekje, Silla bodhisattvas

The exhibition “The Golden Smile of Compassion: The Meeting of Two Bodhisattvas” is running at the Buyeo National Museum through Jan. 9, exploring two ancient bodhisattvas. In Buddhism, a bodhisattva is a being committed to helping others reach spiritual enlightenment. On display are the Avalokitesvara from Baekje Kingdom (18 BC-AD 660) and the Avalokitesvara from the Silla Kingdom (57 BC-AD 935). The two gilt-bronze statues are believed to have been made in the seventh century, the

Arts & DesignDec. 9, 2024

[Photo News] Emergency meeting of financial leaders

Financial Services Commission Chairman Kim Byoung-hwan (far left) convened a meeting Monday in Seoul with leaders from South Korea’s financial sector, including the chiefs of the five major banking groups — KB, Shinhan, Hana, Woori and NongHyup — alongside representatives from public institutions and industry associations. Kim stated that key financial policy initiatives, such as the capital market value enhancement plan, the establishment of an illegal short-selling monitoring

EconomyDec. 9, 2024

JYP USA vows all necessary action after VCHA member KG’s abrupt departure

JYP USA, the US subsidiary of JYP Entertainment, announced Monday it would take strong action following the departure of VHCA member KG, who filed a lawsuit against the company alleging workplace mistreatment. The North American girl group debuted in January as a collaboration between Universal Music Group’s subsidiary Republic Records and JYP USA. “We deeply regret KG’s decision to file a lawsuit and make unilateral public statements containing false and exaggerated claims,&rd

K-popDec. 9, 2024

Samsung C&T, Hitachi Energy bolster ties on HVDC projects

Samsung C&T said Monday that it has signed a memorandum of understanding with Switzerland’s Hitachi Energy to strengthen collaboration and explore opportunities in the high-voltage direct current sector. HVDC is a method of converting alternating current generated at a power plant into high-voltage direct current for transmission. It is a key technology for long-distance, large-scale power transmission with low energy loss and high stability. Hitachi Energy -- the market leader in powe

IndustryDec. 9, 2024

How Yoon allies ate their own words concerning martial law

President Yoon Suk Yeol avoided impeachment Saturday, as his conservative ruling party staged a united boycott against the opposition-led parliamentary vote, defying public demands to hold him responsible for last week’s surprise declaration of martial law. Records show that Yoon, his Cabinet, and several members of his party have apparently flip-flopped their positions on martial law -- at least in the public address -- from before the fateful night of Dec. 3. Accusations of the preside

PoliticsDec. 9, 2024

Travel restrictions, curfew imposed on USFK soldiers amid martial law turmoil: source

The political turmoil following last week’s martial law crisis in South Korea has heightened tensions in the US military forces stationed in the country, with some units imposing travel restrictions and curfew, according to officials Monday. A sergeant first class at the US Forces Korea's headquarters of Camp Humphreys, a key US military base in Pyeongtaek, about 65 kilometers south of Seoul, told The Korea Herald that the USFK issued a new regulation limiting all service members'

Social AffairsDec. 9, 2024

Krafton launches tech lab to nurture programming talent

Krafton, the South Korean gaming giant behind the popular title PUBG: Battlegrounds, announced Monday the launch of the Krafton Jungle Game Tech Lab, aimed at fostering game programmers as part of its corporate social responsibility efforts. The Game Tech Lab’s curriculum will emphasize key values such as immersion, self-directed learning and team-based collaboration, the company said. Participants will engage in an intensive, 24-week program designed to build expertise in areas including

IndustryDec. 9, 2024

Celltrion secures Canada's approval for Xolair biosimilar Omlyclo

South Korean biopharmaceutical firm Celltrion said Monday that it has received approval from Health Canada for Omlyclo, its omalizumab biosimilar referencing Xolair, designed to treat allergic asthma and chronic spontaneous urticaria. Celltrion has obtained approval for the full range of indications covered by the original drug, including allergic asthma, chronic rhinosinusitis with nasal polyps and chronic idiopathic urticaria. The company supported its application with a global phase 3 clinica

IndustryDec. 9, 2024

[Photo News] Smart choice

Hyundai Mobis, an auto parts manufacturer under Hyundai Motor Group, said Monday that it released a new button-type smart card key for Hyundai vehicles. The smart card key, which was first launched for the Ioniq 5 N, Hyundai's high-performance vehicle in April this year, can now be applied to the Santa Fe, Tucson and Grandeur -- three of Hyundai's most popular models. The functions of the smart card key include starting the car from outside, remote parking assistance and opening and cl

MobilityDec. 9, 2024

Drone deployment to Pyongyang orchestrated by ex-defense minister: DP lawmaker

Former Defense Minister Kim Yong-hyun ordered the South Korean military to deploy unmanned aerial vehicles to Pyongyang in October, seemingly to manufacture a justification for President Yoon Suk Yeol to declare martial law, a lawmaker claimed. “I received a tip-off from the military and deemed it credible,” Park said in an interview with Yonhap News Agency on Monday. Park added that specific details of the operation appear to have been planned by the Defense Counterintelligence Comm

PoliticsDec. 9, 2024

[Herald Review] Infinite celebrates 15th debut anniversary, announces comeback in March

Veteran boy group Infinite, set to mark its 15th debut anniversary next year, kicked off its Asia concert tour, promising fans an even brighter future together. The six-member group held their 15th-anniversary concert “Limited Edition” from Friday to Sunday, at KSPO Dome located in Seoul Olympic Park, drawing over 30,000 spectators over three days. With a powerful live band session filling the venue, the sextet made a grand entrance, descending a massive staircase from the ceiling, a

K-popDec. 9, 2024