Most Popular
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Korean labor force to shrink by 10 million by 2044: report
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Allegations surrounding BTS resurface, enraged fans demand apology
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Students with history of violence will be barred from becoming teachers
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Medical feud leaves hospitals in financial crisis
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Samsung mocks Apple over iPhone alarm glitch
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Chip up cycle won’t stay long: SK chief
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'Queen of Tears' riding high on Netflix chart
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Speaker floats dual citizenship as solution to falling births
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S. Korean, Australian defense chiefs agree to bolster defense industry ties
The defense chiefs of South Korea and Australia held talks in Melbourne on Tuesday and discussed ways to step up cooperation for regional security and defense industry. Defense Minister Shin Won-sik met Australian Deputy Prime Minister and Minister for Defense Richard Marles during his visit to Australia for "two plus two" talks among the countries' foreign and defense ministers, slated for Wednesday. In their first meeting since their gathering in Seoul last October, the minister
DefenseApril 30, 2024
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Splashy 'The Great Gatsby' musical marks first Broadway adaptation, producer Shin's dream come true
NEW YORK -- The first musical adaptation of “The Great Gatsby” was unveiled on Thursday at the Broadway Theatre in New York after three weeks of previews, with all 1,763 seats filled. The opening of the musical based on F. Scott Fitzgerald's 1925 novel of the same title marks just the start of potential competition among various interpretations to come, since the story entered into the public domain on Jan. 1, 2021. As the first Broadway show of “The Great Gatsby,” t
CultureApril 30, 2024
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Cecily Brown at Gladstone Gallery in Seoul shows artist's fight against herself
Leading contemporary artist Cecily Brown continuously evolves her artistic world through a battle against her desire. Her solo exhibition at the Gladstone Gallery in Seoul, “Nana and Other Stories,” is the extension of her artistic exploration to the previous exhibition at the Metropolitan Museum of Art in New York last year titled “Death and the Maid” which encompassed her 25-year artistic career. Brown unveiled seven paintings in Seoul newly created over the past two ye
Arts & DesignApril 30, 2024
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S&P keeps 'AA' rating on S. Korea with stable outlook
Global credit appraiser S&P Global Ratings said Tuesday it has maintained its credit rating on South Korea at "AA," with a stable outlook. S&P has kept South Korea's long-term sovereign credit rating at the third-highest level on the company's table since August 2016, when it upgraded the rating by one notch from "AA-." "The stable rating outlook reflects our expectation that (South) Korea will maintain average growth rates that are higher than most oth
EconomyApril 30, 2024
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National Orchestra of Korea to savor tunes and wine in outdoor concerts
“Pungnyu” in Korean literally means “wind flowing.” It encompasses a multifaceted concept such as harmony with nature, artistic flair, musical appreciation, leisurely stylish indulgence and being free-spirited enough to revel in life’s pleasures. During the Joseon era (1392–1910), the aristocracy considered entertainment as a chance to visit majestic mountains and pristine rivers, and write verses describing nature's beauty and their sentiments, accompani
PerformanceApril 30, 2024
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New talk show 'Verse1 with 2Jang' takes it to the streets
South Korean television personalities Jang Sung-kyu and singer Jang Min-ho will join forces to relay human stories to the audience via their new talk show, "Verse1 with 2Jang," amid KBS' attempts to tap into the growing popularity of on-site talk shows. The 16-part talk show, "Verse1 with 2Jang," features Jang Sung-kyu and Jang Min-ho engaging in spontaneous discussions with local people. The episodes also include an interactive gaming segment in which the hosts award
TelevisionApril 30, 2024
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Line, Kakao eye Asia’s No. 1 blockchain network
Blockchain platform operators under Korean tech giants Line and Kakao are to complete integration under the new brand name "kaia" in June, the entities announced Tuesday. Project Dragon, created through a merge of Kakao's blockchain platform Klaytn Foundation and Finschia Foundation under Naver's affiliate Line Tech Plus, said it plans to complete the integration of the respective blockchain ecosystems in June, following a merger announced in February. “Such a merger of
IndustryApril 30, 2024
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[Today’s K-pop] Seventeen sets sales record with best-of album
Seventeen’s best-of album, “17 Is Right Here,” sold more than 22.6 million copies on the day of release, according to a local tally released Tuesday. It sets the record for a compilation album from a K-pop act, according to agency Pledis Entertainment. The album topped iTunes top albums chart in 17 regions, while main track “Maestro” topped songs charts in 32. The band added four new songs -- “Maestro” and three songs from among subunits -- to 28 focus
K-popApril 30, 2024
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
After logging losses for five consecutive quarters, Samsung Electronics' chip business returned to the black in the first quarter this year, thanks to rising demand for high-end chips and a surge in chip prices. In its earnings report for the January-March period on Tuesday, Samsung said its chip division reported 23.1 trillion won ($16.7 billion) in sales and 1.91 trillion won in operating profits. The profit comes after the company suffered operating losses for five consecutive quarters.
IndustryApril 30, 2024
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Marking 10 years, KB accelerator nurtures 255 startups
More than 250 startup companies have joined KB Financial Group’s accelerator program over the past 10 years to scale up businesses into unicorns in the fintech industry. KB Financial Group held an event on Tuesday marking the 10th anniversary of the KB Innovation HUB Center, the first organization dedicated to fostering and supporting startups in the financial sector. Since KB Innovation HUB Center’s inception in 2015, the group launched its startup accelerator program, KB Starters
CompaniesApril 30, 2024
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Financial groups maintain capital adequacy despite ELS risk
Korean banking groups maintained solid capital adequacy despite significant payouts for consumer compensation due to misselling equity-linked securities tracking a Hong Kong index. Industry sources reported that the average capital adequacy ratio, or Common Equity Tier 1, among five major Korean financial groups -- KB, Shinhan, Hana, Woori, and NongHyup -- was 12.8 percent in the first quarter of this year, a slight decline from 13 percent in the previous term and 12.9 percent from the same peri
IndustryApril 30, 2024
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Seoul shares up for 3rd day on Samsung, batteries
South Korean stocks finished up for a third consecutive session Tuesday backed by a strong earnings performance by top cap Samsung Electronics and overnight US stock gains. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 4.62 points, or 0.17 percent, to 2,692.06. Trade volume was moderate at 450 million shares worth 11.1 trillion won ($8.03 billion). Winners outpaced losers 439 to 408. Institutions and foreign investors combined bought a net 52
MarketApril 30, 2024
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Hopes rise for possible Gaza truce deal
JERUSALEM -- Hopes rose Monday for a long sought-after cease-fire and hostage release deal after almost seven months of war in Gaza between Israel and Hamas. Washington's top diplomat said he was "hopeful" Hamas would accept the offer, which his British counterpart said could see the release of thousands of Palestinian prisoners. After meeting in Cairo, the Hamas delegation left Egypt and returned to Qatar "to discuss the ideas and the proposal ... and we are keen to respond as qu
World NewsApril 30, 2024
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[Photo News] Samsung Olympic Experience Zone
Samsung Electronics said Monday it has opened the Samsung Olympic Experience Zone ahead of the upcoming Olympics in Paris. The venue, a collaboration with Pritzker Architecture Prize winner Jean Nouvel, will operate from March 3 to Oct. 31 to display diverse Galaxy devices. Samsung has been the official partner of the Olympics and Paralympics for about four decades. (Samsung Electronics)
IndustryApril 30, 2024
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Naver, Intel, KAIST join forces to set up AI lab in Korea
Naver, Intel and the Korea Advanced Institute of Science and Technology will set up a joint lab in Korea to lead the new global ecosystem for artificial intelligence semiconductors, KAIST announced Tuesday. The joint lab called NIK AI Research Center will be established on the KAIST campus in Daejeon in the first half of this year and begin research in July. KAIST said that the joint research center will be run for three years, adding that its operation can be extended depending on research achi
TechnologyApril 30, 2024
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Namhae to extend beer festival period
The Namhae German Village Oktoberfest, which takes place in Namhae, South Gyeongsang Province, has decided to extend its festival period to four days for the first time since its launch in 2010. The village, long known for its distinctly foreign ambience in South Korea, has garnered local travelers' attention with its annual beer festival based on Oktoberfest in Munich, Germany. The decision to extend the festival period, previously held for two to three days, was made in response to its ri
TravelApril 30, 2024
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Around 50% of people with disabilities aged 65 or above: report
As South Korea is predicted to soon become a super-aged society, more than half of the population with disabilities were found to be age 65 or above for the first time in 2023, said the Ministry of Health and Welfare on Tuesday. According to the Health Ministry’s report released on Tuesday, up to 2.65 million of the total population were registered as having some sort of disability. The total population was 51.71 million as of last year according to Statistics Korea. Out of the number of p
Social AffairsApril 30, 2024
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Leaders of S. Korea, Angola agree to boost economic, trade cooperation
South Korean President Yoon Suk Yeol and his Angolan counterpart, President Joao Lourenco, agreed Tuesday to enhance economic and trade cooperation during their talks in Seoul, resulting in the signing of a strategic framework tailored to promote trade and investment. Lourenco became the second Angolan president to have visited South Korea, following Jose Eduardo dos Santos, who visited here in 2001. Korea and Angola established diplomatic ties in 1992. Yoon's office said agreements signed
PoliticsApril 30, 2024
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Medical profs at top hospitals suspend surgeries, clinics
Some medical professors at the country’s three major hospitals, Seoul National University Hospital, Severance Hospital and Korea University Hospital, suspended surgeries and outpatient clinics on Tuesday for one day, as previously announced, to protest the government’s plan to expand the number of new medical students by 2,000 a year. The main hall at SNUH’s Cancer Hospital was without medical staff Tuesday, while a number of patients wandered around the ward, having just learn
Social AffairsApril 30, 2024
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Shinsegae faces showdown with investors over SSG.com's delayed IPO
Korean retail giant Shinsegae Group's e-commerce unit SSG.com faces mounting pressure from investors to recoup the 1 trillion won ($727 million) investment made between 2019 and 2022 amid its delayed market debut hit by lukewarm sales in recent years. According to industry sources on Tuesday, Shinsegae is in last-minute discussions with Affinity Equity Partners and BlueRun Ventures, the two private equity funds that are reportedly considering exercising a put option to sell back their stake
IndustryApril 30, 2024