Most Popular
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Qoo10 liquidity crisis sparks massive complaints, fears of wider damage
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Yoon urges municipalities to embrace foreigners
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What is happening at Hybe?
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S. Korea to consent to Japan's Sado mines gaining World Heritage status: official
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Korea unveils tax reform bill to spur economy
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Actor’s excessive airport security sparks probe into human rights violations
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Actor Yoo Ah-in accused of sexual attack
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Man who let his father die due to financial difficulties to be released on parole
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S. Korea, China shifting from tensions to cooperation: Seoul
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LG Electronics achieves record earnings in Q2
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Founder's arrest leaves Kakao's future in doubt
Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, has been plunged into crisis, as its founder and top decision-maker Kim Beom-su was arrested on Tuesday on charges of stock price rigging linked to last year's takeover of K-pop powerhouse SM Entertainment. With a leadership vacuum and a dent to its reputation, concerns are rising over the impact of the disruption on the tech giant’s drive for corporate restructuring and growth in burgeoning technologies i
IndustryJuly 23, 2024
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[Herald Interview] Malaysia's carbon capture project will benefit Korean companies: new envoy
Malaysia’s newly appointed ambassador to Korea, Mohd Zamruni Khalid, suggested Korean companies jointly operate with Malaysia on carbon capture and storage (CCS) projects in a recent interview with The Korea Herald. Urging his country's potential for hydrogen energy exports, the ambassador said that Korea should take advantage of a legal framework on CCS which is likely to be ready by the end of this year. He said that hydrogen energy exports to Korea will positively impact other gree
Foreign AffairsJuly 23, 2024
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Seoul shares snap 4-day losing streak, tracking US gains
Seoul shares closed higher Tuesday to snap a four-day losing streak, tracking an overnight rebound in US tech stocks. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index added 10.78 points, or 0.39 percent, to close at 2,774.29. Trade volume was moderate at 416 million shares worth 11.3 trillion won ($8.15 billion), with losers outnumbering winners 494 to 365. Foreign investors purchased 241.2 billion won worth of local shares, while retail investors an
MarketJuly 23, 2024
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Hanwha Asset Management unveils new ETF brand Plus
Hanwha Asset Management, the sixth largest player in terms of net assets in the local exchange-traded fund market, introduced its new ETF lineup brand Plus, on Tuesday. The asset manager has changed its ETF brand name from Arirang to Plus. It was the first time for the asset manager to change its brand name since it launched its ETF product here in 2009. “Through Plus, Hanwha Asset Management will focus on supporting new technologies that enrich the future of humanity for a sustainable tom
MarketJuly 23, 2024
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Enforcement decree in heritage law eased to promote Korean art overseas
The Korea Heritage Service has eased a decades-long rule that banned artworks from being taken out of the country. Under the previous rule, artworks 50 years old or more, when being considered for sale or exhibition outside Korea, were required to get agency approval over concerns valuable heritage could slip out of the country. The new enforcement decree to the Cultural Heritage Preservation and Utilization Act, effective Tuesday, has loosened the restriction, removing the review process for ar
Arts & DesignJuly 23, 2024
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What are they wearing? Korean fashion brands attract youth locally, globally
Following the global popularity of K-pop, K-dramas and K-food, get ready for another "K": K-fashion. Alongside established Korean fashion houses like Songzio, Wooyoungmi, Juun.J and System, a new generation of local fashion labels is making waves globally, establishing Korea as a fashion hot spot, particularly for today’s style-savvy millennials and Generation Z. Recognizing Korea’s dynamic and emerging fashion profile, a 2023 US News & World Report survey ranked the
Hashtag KoreaJuly 23, 2024
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Nongshim to build smart farm in Saudi Arabia by 2025
Nongshim announced on Tuesday that it has been selected for South Korea's smart farm export project that aims to establish and operate a pilot greenhouse in Saudi Arabia. The project is initiated by the Ministry of Agriculture, Food and Rural Affairs and led by the Korea Agriculture Technology Promotion Agency, according to the company. The agreement ceremony took place at Nongshim's headquarters in Seoul, attended by Nongshim CEO Lee Byung-hak, Korea Agriculture Technology Promotion A
CompaniesJuly 23, 2024
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Korea to roll out blueprint for medical reform
The government said Tuesday that it would roll out a blueprint for medical reform in late August, renewing its commitment to overhauling health care despite strong resistance from the medical circle. Health Minister Cho Kyoo-hong made the remarks during a government response meeting, highlighting that the medical reform committee launched in April has made tangible progress in tackling the problems of the country's medical system that have remained unsolved after 31 committee meetings with
Social AffairsJuly 23, 2024
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Stray Kids featured on 'Deadpool and Wolverine' soundtrack
Taking part in the soundtrack of “Deadpool and Wolverine,” Stray Kids became the first K-pop group to release a song for Marvel's Deadpool series. The new song "Slash" is a collaboration between the group's in-house producing team 3Racha, composed of Bang Chan, Changbin, and Han, and K-pop songwriter Versachoi. "Slash" will be available on music streaming platforms starting at 6 p.m., Tuesday. Stray Kids has had a special connection with "Deadpool&q
K-popJuly 23, 2024
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Hyundai to bring electric buses to Japan's UNESCO-designated island
Hyundai Motor Company is expanding its presence in Japan’s commercial vehicle market by supplying electric buses to the Iwasaki Group for use on Yakushima Island, a UNESCO World Natural Heritage Site. Last Thursday, Hyundai signed a letter of intent with Iwasaki Group, a transportation and tourism service provider in Kagoshima Prefecture, Japan, at the Imperial Hotel in Tokyo. The agreement sets the stage for Hyundai to supply its “Elec City Town” zero-emission electric buses t
MobilityJuly 23, 2024
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N. Korea denies Trump's boasts on bond with Kim
North Korea on Tuesday dismissed former US President Donald Trump's repeated boasts about his close relationship with North Korean leader Kim Jong-un as a "lingering desire," stating that their personal bond did not bring about "any substantial positive change." The statement, delivered through the state-run Korean Central News Agency, which is tailored more to external audiences than domestic ones, marked Pyongyang's first official reaction to Trump's campaign
North KoreaJuly 23, 2024
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Supreme Court nominee faces criticism over daughter's stock gains
Supreme Court justice nominee Lee Suk-yeon’s daughter was found to have made a profit 63 times higher than her original stock investment by selling her shares to her father, according to data released Tuesday. According to official documents Lee submitted to Rep. Huh Young of the Democratic Party, Lee’s daughter, identified by her last name Cho, sold 400 stock shares of a cosmetics R&D firm to her father for 385 million won ($277,636) in May 2023. The 400 shares were part of a to
Social AffairsJuly 23, 2024
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Don't let the rain ruin your date
With heavy rainfalls battering the entire country, hitting the beach with friends or enjoying water sports and other outdoor activities may not have been an option in recent days. However, Korea offers some interesting indoor travel destinations that are not only entertaining, but also keep visitors cool and dry in hot, humid weather. Lighting Museum Those who wish to feast their eyes on a variety of colors, lights and entertain themselves with dynamic sounds, should head over to the Lighting
TravelJuly 23, 2024
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New special counsel bill zeroes in on both Yoon, first lady
Lawmakers of the minor liberal opposition Rebuilding Korea Party proposed a bill Tuesday to launch a special counsel probe into both President Yoon Suk Yeol and first lady Kim Keon Hee. This is the latest development following disputes and the prosecution's internal strife concerning the legal enforcement institution's decision to interrogate Kim outside of its office, in what Yoon's political enemies have depicted as preferential treatment for the president's wife. Led by Rep. Park Eun-jung, a
PoliticsJuly 23, 2024
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First licensed Chinese musical attracts Korean audience with resonating story
The first-ever licensed musical from China, "The Butterfly on the Bund 1939," premiered Saturday at TOM Theater in Daehangno, marking a milestone for Chinese production companies and fulfilling the collaborative aspirations of the two countries' creators. The musical, a joint effort between Shanghai-based Focustage and Seoul-based Never Ending Play, revolves around two women living in turbulent 1939 Shanghai. “I think the script and music of ‘The Butterfly on the Bun
CultureJuly 23, 2024
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What are the charges faced by Kakao founder?
The founder of South Korean tech giant Kakao Corp. was detained Tuesday on charges of stock price manipulation related to the firm's takeover of K-pop powerhouse SM Entertainment last year, prosecutors said. The Seoul Southern District Court granted the prosecution’s request for a pretrial detention warrant for Kim Beom-su, also known as Brian Kim, on charges of violating the Financial Investment Services and Capital Markets Act, citing concerns about evidence destruction and flight r
Social AffairsJuly 23, 2024
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Bacardi teams up with The Shilla Seoul for Patron tequila summer package
Bacardi Korea has partnered with The Shilla Seoul for a luxury summer room package "Simply Perfect Vacation," featuring its premium tequila brand, Patron, the company announced Tuesday. As part of Bacardi Korea’s premium marketing strategy, the Simply Perfect Vacation package focuses on providing consumers with a unique experience with Patron, a premium tequila made from the finest blue weber agave from Jalisco, Mexico. With the package running throughout August, Bacardi Korea an
IndustryJuly 23, 2024
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Celltrion’s third plant in final validation process, operation set for December
Celltrion has begun the final validation process for its third plant in Songdo, Incheon, before commencing commercial production, the South Korean biosimilar giant announced Tuesday. The validation process is a critical step before the commercial production of drugs, which involves objectively verifying and documenting that products are manufactured to meet predefined standards from drug development to production. Celltrion invested some 270 billion won ($194 million) for the third plant's
IndustryJuly 23, 2024
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Riize to debut in Japan in September
K-pop rookie group Riize is making its official debut in Japan. The six-member boy group is releasing its first-ever Japanese single album “Lucky” on Sept. 5, according to SM Entertainment. Riize is promoting its upcoming Japanese single album by unveiling the B-side track in advance on July 29. The group is also embarking on a fan concert tour in Japan titled “Riizing Day” which kicks off July 30 in Kanagawa, Japan. The tour consists of 15 shows in nine cities in Japan i
K-popJuly 23, 2024
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(G)I-dle's agency apologizes for use of Red Cross emblem on group's costume
Cube Entertainment, the agency behind K-pop girl group (G)I-dle, has apologized for using the Red Cross emblem on the group members' stage costumes. “We recognize that the stage costume had an issue. We contacted the Korean Red Cross to apologize and to actively discuss follow-up measures to prevent reoccurrences. We apologize once again to those concerned,” said Cube Entertainment on X, formerly Twitter, on Monday. (G)I-dle wore a lifeguard-themed stage costume that included a
K-popJuly 23, 2024