South Korean battery giant LG Energy Solution’s stocks stood strong on Monday, despite the end of a year-long lock-up period. The company’s shares rose by 0.79 percent to 510,000 won ($415.5) from the last trading day, according to the bourse operator Korea Exchange. The stocks tumbled by 3.16 percent to 490,000 won at one point in the morning but ticked upwards approximately one hour before the...

Yoon vows to support Ukraine people on NATO head’s military support request

The country's top musicians are coming together to bring hope and revive love in Itaewon through a music festival set to take place Saturday and Sunday. A total of 99 musicians including big-name bands such as Leenalchi and Woongsan Band will perform at 13 venues of concert halls, lounges, pubs and clubs as part of "Let There Be Love, Itaewon." while many concerts and festivals were canceled or...

Lee Shin-wha, South Korean ambassador for international cooperation on North Korean human rights, said the situation of women and girls in North Korea “deserves a special focus” ahead of a Seoul conference on Monday. “The state of human rights is alarming in North Korea, and especially so for women,” she told The Korea Herald. “More North Korean women now contribute to the household economy as b...

Actor Jin Seon-kyu took the role he was offered for comedy film “Count” immediately after reading the scenario because the character was just like himself, according to Jin. “When I first read the scenario four years ago, not only was the story fun, but many parts of Si-heon were similar to myself,” the actor told reporters during a press conference heldat CGV Yongsan, in Seoul, Monday. In “Cou...

South Korean actor Song Joong-ki announced Monday that he had got married, a month after confirming that he was in a relationship with a British former model. On Monday, Song wrote in an online fan site that he has “vowed to spend the rest of the life with Katy Louise Saunders,” adding that they were expecting a baby. Song said the couple registered their marriage the same day. “Based on deep ...

World's third-largest retirement fund banks on large-cap tech shares and foreign markets in bid to stave off fund exhaustion

Kolmar Korea, a cosmetics original design manufacturer, is considering building its second manufacturing facility in the US, a company official said Monday. Olyphant, Pennsylvania, is being discussed as the location for the new manufacturing facility, an official from Kolmar Korea said, but plans about the size or timeline have not been decided. In 2016, Kolmar Korea entered the US market by ac...

Seoul stocks snapped their five-day winning streak Monday, weighed by losses in major tech shares ahead of the US central bank's rate-decision meeting and exports data from Asia's fourth-largest economy. The Korean won rose to the highest in nine months against the US dollar. The benchmark Korea Composite Stock Price Index retreated 33.55 points, or 1.35 percent, to close at 2,450.47 points. Tr...

In a bid to expedite its foray into the global market and ramp up its sales, South Korean tobacco company KT&G on Monday clinched its first-ever long-term contract with Philip Morris International to supply the global tobacco giant with its products. Under the 15-year sales and purchase agreement, KT&G said it will be supplying PMI with its heat-not-burn cigarette brand "lil" products, along wit...

Samsung SDI said Monday it posted record-high earnings in both sales revenue and operating profit last year, largely driven by the surge in sales of value-added battery products. Revenue skyrocketed 48.5 percent to 20.1 trillion won ($16 billion) last year, while its operating profit jumped 9 percent to 1.8 trillion won. It is the first time sales have reached the 20 trillion won mark. Operating...

The new factory will facilitate various smart technologies, including artificial intelligence and robots, and will start production in the second half of this year, the company said. LG Innotek injected 413 billion won ($336 million) into the FC-BGA facility and equipment, and it will continue to make investments to boost production, the company said. The company chose FC-BGAs as its future grow...

The presidential office has sued the main opposition Democratic Party spokesperson for defaming first lady Kim Keon Hee over her alleged involvement in stock manipulation. Spokesperson Kim Eui-kyeom earlier claimed that the first lady was involved in a so-called "pump and dump" scam involving Woori Technology shares listed on Kosdaq, South Korea's tech-heavy secondary bourse, in addition to her ...