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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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Medical feud leaves hospitals in financial crisis
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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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Over half a million S. Koreans hold multiple jobs: data
The number of South Koreans working multiple jobs surpassed 500,000 in the first quarter of this year, with older people taking up a large proportion of such workers. A total of 552,000 people here had at least one additional job while working full time in the first quarter, according to Statistics Korea data. This marked a 22.4 percent increase compared to the 451,000 tallied in the same period in 2023. While the overwhelming majority of the working population still only has one job, the perc
EconomyApril 29, 2024
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Police investigating 10 men after suspected gang fight near Haeundae Beach
Police in Busan on Monday said they are investigating 10 men in their 30s in connection to a violent incident that took place near Haeundae Beach last week. Police suspect the men are members of a local gang. According to the Busan Haeundae Police Station, a fight broke out between two men in the entertainment district near the beach on April 24. The situation escalated as the two men called for back up and more men joined in the brawl about 90 minutes later. The men reportedly fought in group
Social AffairsApril 29, 2024
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'Moon of Seoul' balloon ride prepares to take flight in June
The Seoul Metropolitan Government said Monday that it has commenced preparations for installing the "Moon of Seoul" tethered helium balloon ride at Yeouido Hangang Park, with operation set to start in June. Basic landscaping will precede the installation of the moon-shaped balloon, which is currently under construction in France. The balloon will then be brought to Seoul to undergo safety inspections following the Aviation Safety Act. "Safety is our priority in installing (Moon of
TravelApril 29, 2024
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Beloved singer attracts fans, customers to JungKwanJang stores
Korea Ginseng Corp., a global leader in ginseng production, has significantly enhanced its brand positioning and visibility through its marketing strategies that prominently feature Lim Young-woong. Lim, a trot singer with an avid fan base, has recently been named the ginseng brand's brand model. The marketing campaign kicked off with the release of an advertisement featuring Lim on YouTube on Wednesday, which rapidly gained traction by accumulating over 2 million views within 40 hours. The
IndustryApril 29, 2024
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CJ's Tous Les Jours debuts in Cambodia
CJ Foodville said Monday it has opened two new Tous Les Jours branches in Cambodia, as part of efforts to broaden its foothold in Southeast Asia. The two new branches, which opened Friday in Kam Puchea Kroum and Toul Tom Poung in the country’s capital, Phnom Penh, mark the first locations for CJ Foodville to showcase the Tous Les Jours brand in the country. According to the company, both of the new branches feature a hybrid concept of cafe and bakery elements, boasting a selection of over
CompaniesApril 29, 2024
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[Photo News] Kumho in Europe
Kumho Tire held a brand experience day at the Vairano Circuit in Milan on April 21 to offer European dealers hands-on experiences with the Korean brand, the tire maker said Monday. The company plans to bolster its presence in the European market even further, as it has seen an average of 20 percent annual growth rate in its regional revenue over the last five years. The Korean tire maker has set out the record-high goal of reaching 4.56 trillion won ($3.3 billion) in annual sales this year after
MobilityApril 29, 2024
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Medical tourists to Korea rises to record high of 606,000
South Korea attracted a record number of 606,000 foreign national patients in 2023, mainly for dermatological treatments and plastic surgery, the Health Ministry said Monday. The Ministry of Health and Welfare announced that the number of foreign national patients visiting Korea has hit a record high at 606,000, up 2.4 times from a year earlier, 248,000. This is the highest ever since 2009 when the ministry started to compile the number of foreign patients. Also, this figure is 1.2 times higher
Social AffairsApril 29, 2024
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Latvia celebrates 20th anniversary of EU, NATO membership
Latvia on Wednesday commemorated the 20th anniversary of its European Union and NATO memberships with a salon concert and business briefing. Delivering welcoming remarks at the event, Latvian Ambassador to Korea Aris Vigants introduced the progress made by Latvia, Estonia and Lithuania over the past decade, highlighting political systems and economic reform, particularly in shedding the remnants of the Soviet occupation. “Nobody is perfect, but at least we can always strive for perfection,
Foreign AffairsApril 29, 2024
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N. Korea installs mines on inter-Korean road within DMZ
North Korea has installed land mines on an inter-Korean road within the Demilitarized Zone separating the two Koreas, a South Korean military official said Monday, the latest in a series of moves to shut down cross-border roads. The military detected the North laying mines on the unpaved road inside the DMZ late last year near Arrowhead Hill in Cheorwon, 85 kilometers northeast of Seoul, according to the official. The path was created under a 2018 inter-Korean military agreement to connect the S
North KoreaApril 29, 2024
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Loanword-laden apartment names become lengthy, bizarre
Last November, a three-decade-old apartment complex in Gaepo-dong, Seoul, welcomed new residents with a new identity after being rebuilt: "Di-e-i-chi-peo-seu-ti-eo-a-i-pa-keu" in Korean, or "The H Firstier Ipark" in English. Previously, it was more simply called Gaepo Jugong. This 12-syllable new name, however, falls short of claiming the throne for the longest in the city, let alone the nation. The nation’s longest-named apartment complex, located in Paju, Gyeonggi P
Hashtag KoreaApril 29, 2024
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[Bills in Focus] Multilateral off-board trading, industrial transformation support
Pending Bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Yun Chang-hyun (People Power Party) ● Under the Financial Investment Services and Capital Markets Act, only regulations concerning issuance apply to investment contract securities due to their atypical characteristics and limited distribution potential. However, unlike before, online transaction platforms have made it easier for investors to trade investment contract securities. Therefore,
PoliticsApril 29, 2024
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SK Innovation's Q1 net loss widens on FX losses
SK Innovation Co., South Korea's leading refiner by sales, said Monday its net losses widened in the first quarter from a year earlier due mainly to foreign-exchange losses. Net losses deepened to 97.62 billion won ($71 million) in the first quarter from 51.95 billion won in the year-ago period, the company said in a statement. "A weak won, which drove up import prices of crude oil and decreased equity gains from SK On, weighed on the quarterly bottom line," a company spokesperson
IndustryApril 29, 2024
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[팟캐스트] (579) 해외 K콘텐츠 팬을 대상으로 새롭게 선보이는 관광 상품 종류는?
진행자: 간형우, Ali Abbot Culture Ministry, KTO unveil Hallyu-themed tours 기사 요약: 문체부-관광공사, 해외 방문객 대상으로 한국 콘텐츠에 기반한 관광상품 7종 선보인다 [1] The Ministry of Culture, Sports and Tourism and the Korea Tourism Organization are looking to woo Southeast Asian and Middle Eastern tourists with new Hallyu-themed tour packages. *woo: 구애하다 [2] “Despite the rising popularity of Korean content, some travel destinations have not been promoted properly due to their low accessibility and intellectual property right
PodcastApril 29, 2024
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[Herald Interview] Korean banks’ earnings dilemma: More profits, more responsibility
Korean banks may face diminishing profitability due to mounting pressure to take on social responsibilities amid the country's slowing economic growth, a senior official at global credit appraiser Fitch Ratings said. Commercial banks, often criticized for making money from excessively high interest rates, are facing stronger pressure from local authorities to return a portion of profits to the provision of public goods. “From the operating environment side, the pressure to commit to s
IndustryApril 29, 2024
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Govt. to deploy more medical staff as senior doctors at 5 major hospitals take weekly breaks
Health Minister Cho Kyoo-hong said Monday that the government plans to deploy more medical staff as senior doctors at five major hospitals in Seoul decided to take a weekly day off starting this week. Cho also renewed a pledge to accomplish medical reform, although a mass walkout by trainee doctors has crippled public health services at major hospitals for more than two months. The government will "further strengthen the emergency treatment system by sending more medical personnel to preven
Social AffairsApril 29, 2024
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Seoul shares open higher on large cap gains
South Korean stocks opened higher Monday on large cap gains, tracking advances on Wall Street last week. The benchmark Korea Composite Stock Price Index added 13.6 points, or 0.51 percent, to 2,669.93 in the first 15 minutes of trading. The advance follows Wall Street gains last week. The Dow Jones Industrial Average closed 0.4 percent higher Friday, while the tech-heavy Nasdaq spiked 2.03 percent. In Seoul, most large caps were in positive terrain. Market bellwether Samsung Electronics went up
MarketApril 29, 2024
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N. Korea decries US shipment of long-range tactical missiles to Ukraine as 'mean' policy
North Korea condemned the United States on Monday for sending longer-range tactical missiles to Ukraine for use in its fight against Russia, claiming that Washington cannot turn the tide of the war with such a "mean" policy. The White House confirmed last week that the US has sent a "significant" number of Army Tactical Missile Systems missiles to Ukraine for use inside the Ukrainian territory following Russia's use of North Korean ballistic missiles against Kyiv. An unn
North KoreaApril 29, 2024
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[Graphic News] Korean farming households fall below 1m for first time in 2023
The number of farming households in South Korea fell below 1 million for the first time ever in 2023, and half of farmers were aged 65 or older, data showed. The number of farming households came to 999,000 as of December 2023, down 2.3 percent from a year earlier, according to the data compiled by Statistics Korea. It marked the first time that the figure has fallen below the 1 million mark since 1949 when the agency began compiling related data, though the data has a margin of error of about
Social AffairsApril 29, 2024
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
Min Hee-jin, CEO of Ador (a subsidiary of Hybe) has accused Hybe and its other subsidiary Belift Labs of plagiarism over the similarity between supergroup NewJeans (Ador) and new girl group Illit (Belift Labs). In turn, Hybe has asked Min Hee-jin to step down and has accused her of “breach of trust” in its press release. To any casual K-pop fan familiar with both groups, there is little doubt that Illit’s sound and choreography is reminiscent of NewJeans. However, many other ne
ViewpointsApril 29, 2024
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[Yoo Choon-sik] What stellar GDP data masks
South Korea's economy expanded at a much faster pace than expected in the first quarter of this year, offering relief to those concerned about the severe slump experienced last year persisting for an extended period. This news is especially welcome for a country still grappling with domestic instability and uncertain global geopolitics. However, beyond the social and political instability at home and longstanding global geopolitics, there are other pressing issues that demand attention: t
ViewpointsApril 29, 2024