Most Popular
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[Behind the K-pop Scene] 'K-pop is all about money'
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Seoul to mull more Ukraine support based on Pyongyang’s level of involvement: official
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Seoul unveils plan to move 68km of railways underground
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N. Korea's support puts Putin in its debt: experts
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[KH Explains] Tesla’s vague robotaxi vision may let Hyundai-Waymo narrow gap
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[ASEAN Plus Korea] 'Restrictive immigration may dampen Southeast Asian interest in Korea'
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[LLG] Repairing toys seemed like simple task. It turned out to be deeply emotional
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[Today’s K-pop] Blackpink’s Jennie, Rose set career-highs
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What would N. Korean troops mean for the war with Ukraine?
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Gangbuk office apologizes for video parodying NewJeans' Hanni
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Seoul shares end 2-day rise on slump in techs, financials
South Korean stocks ended lower Wednesday due to losses in tech shares amid concerns over their earnings. The local currency lost ground against the US dollar. The benchmark Korea Composite Stock Price Index lost 23.09 points, or 0.88 percent, to close at 2,610.36, ending the two-session winning streak. Trading volume was moderate at 429.5 million shares worth 9.8 trillion won ($7.2 billion), with losers outnumbering gainers 551 to 323. Foreign investors led the daily drop, dumping a net 664.3 b
MarketOct. 16, 2024
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Movie for 4,000 won? Short horror film ‘4 mins 44 secs’ to hit theaters Nov. 1
The short-form thriller “4 minutes 44 seconds” will hit local theaters next month, following the unusual success of the short film “Night Fishing” starring Son Suk-ku in June. As the title suggests, “4 minutes 44 seconds” is an eight-episode horror-thriller with each story lasting 4 minutes and 44 seconds. The short-form film follows residents and visitors of the mysterious Bukchon Apartment, where someone disappears at 4:44 p.m. every day. The movie will ex
FilmOct. 16, 2024
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Runner struck by car at national sports festival
A car struck a professional runner in his 20s during a national sports competition in Gimhae, South Gyeongsang Province, police said Wednesday. The runner reportedly suffered a broken left shin and is receiving treatment. According to Gimhae Jungbu Police, the incident occurred at 11:34 a.m. Tuesday on a section of the road closed for a half-marathon event at the 2024 Korean National Sports Festival, the largest annual sports competition in the country. The athlete was running in an inner lane o
Social AffairsOct. 16, 2024
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Soaring no. of patients dying on organ transplant waitlist
The number of patients dying while waiting for an organ transplant has soared, and average wait times are also rising, data showed Tuesday. According to data from the National Institute of Organ, Tissue and Blood Management provided to Rep. Park Hee-seung of the main opposition Democratic Party of Korea, the number of patients who died while on transplant waitlists increased by 1.4-fold, from 2,145 in 2019 to 2,907 last year. In the first half of this year, waitlist deaths had already reached 1,
Social AffairsOct. 16, 2024
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ASML's lukewarm outlook pulls down Samsung, SK shares
Shares of Korean chipmakers fell on Wednesday in a bearish market as major chip-related stocks worldwide declined following a gloomy 2025 forecast from semiconductor bellwether ASML. ASML, a Dutch company that makes the world’s most advanced chip-making equipment, reported its booking was half the orders the market expected in its quarterly earnings, and saw its shares plunge 16 percent to close at 668.10 euros ($727) in Amsterdam. Other chip stocks also declined, with Nvidia falling 4.5 p
IndustryOct. 16, 2024
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Hyundai Mobis to build 1st EV power system plant in Slovakia
Hyundai Mobis, an auto parts manufacturer under Hyundai Motor Group, said Thursday that it signed an agreement with the Slovakian government to set up its first manufacturing plant for electric vehicle power systems in Europe. With a 350 billion won ($256.7 million) investment, Hyundai Mobis will construct a plant in the Novaky region of western Slovakia to produce EV drive units consisting of an electric motor, inverter and reducer. Once completed next year, the facility will have the capacity
MobilityOct. 16, 2024
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[News Focus] By-election, small yet crucial for Han
In the weeks leading up to Wednesday’s by-elections for Seoul’s new education superintendent and four local government heads, ruling People Power Party Chair Han Dong-hoon has been exceptionally busy. Han has visited Busan six times since Sept. 11, so far, in a bid to sway voters into backing the conservative candidate and tax accountant-turned-politician Yoon Il-hyun for the next Geumjeong district head. Busan has been considered the conservative party’s home turf for decades,
PoliticsOct. 16, 2024
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Investors upbeat on LG CNS’ W7tr IPO
South Korean IT solutions provider LG CNS has emerged as a major initial public offering contender for next year as it began the listing process on the country’s main bourse Kospi earlier this month. Market watchers estimate the firm’s corporate value to reach around 7 trillion won ($5.14 billion), making it Korea's largest IPO since LG Energy Solution in January 2022. For a successful market debut, it will be crucial for the company to add more corporate clients and improve pro
IndustryOct. 16, 2024
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Hyundai, Kia develop 1st automatic system for press die design
Korea’s two leading auto brands -- Hyundai Motor Company and Kia -- announced Wednesday that they developed the world’s first automatic press die system for all designs. Press dies are used to form a vehicle’s body parts such as the trunk, hood and fender. Depending on the part’s design, automakers usually conduct the press dying process three to five times to manufacture a part while press die designers line up numerous requirements for the production of each part. Accor
MobilityOct. 16, 2024
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Seoul envisions design giants like Ikea
Seoul city will invest 172.3 billion won ($126 million) over the next five years to support the design industry in the city with an aim to nurture "Korean versions" of overseas design and home furnishing giants Ikea and Muji. The Seoul Metropolitan Government on Wednesday unveiled a five-year plan prioritizing a stable foundation for Seoul's design industry, strengthening the self-reliance of design companies and fostering connections between companies, as well as promoting Seoul&
Social AffairsOct. 16, 2024
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Posco Group Chairman joins WSA executive committee
South Korean steel giant Posco Group announced Wednesday that Chairman Chang In-hwa has joined the executive committee of the World Steel Association. The World Steel Association, consisting of 155 members ranging from global steelmakers to research institutes, aims to enhance profitability in the steel industry. Over the next three years, Chang will work on key issues such as low-carbon technology, the environment and safety. At the WSA executive committee meeting Sunday, leaders of the global
IndustryOct. 16, 2024
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Korea to pump in W8.8tr in 2025 to contend in global chip race
The South Korean government will inject 8.8 trillion won ($6.45 billion) next year to advance the country’s semiconductor ecosystem through low-interest loans while accelerating infrastructure construction and nurturing talent. Finance Minister Choi Sang-mok announced a slew of plans for comprehensive support for the chip industry while presiding over a ministerial meeting Wednesday, with firms in the sector clamoring for more concrete measures to catch up to global rivals. “We wil
IndustryOct. 16, 2024
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British activist fund takes aim at SK to unlock value
London-based activist investor Palliser Capital is on its way to challenge South Korean chip-to-energy conglomerate SK Group, having secured a stake of over 1 percent in its investment arm SK Square. Having built a stake in SK Square over the past two years, the British activist fund is pushing for changes in the company to improve its market valuation, according to a report from the Wall Street Journal. Though SK Square is the holding company of the group’s key chip-making affiliate SK hy
IndustryOct. 16, 2024
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[Herald Interview] 'Culinary Class Wars' explores today's views on fairness: creators
The creators of "Culinary Class Wars," the hottest Korean original on Netflix right now, stated they felt they had accomplished the impossible when recruiting participants for the show. According to the show's creators, there were a total of 600 applicants. Around 10 writers participated in the casting process, with the final 100 participants being selected through interviews. Interviewing the applicants was a difficult process, but recruiting some of the chefs the creators wanted
TelevisionOct. 16, 2024
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KB Kookmin Bank to launch ‘Starbucks Account’ for coffee aficionados
KB Kookmin Bank and Starbucks Korea on Wednesday announced a partnership to launch a bank account product exclusively for local devotees of the US coffee chain. Set for launch in early 2025, the new partnership will introduce the first-ever "Starbucks Account," a savings account tailored to Starbucks customers, offering unique benefits that blend banking services with daily coffee purchases. Additionally, KB Kookmin Bank’s digital certificate service will be integrated into the S
TechnologyOct. 16, 2024
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Zico to hold first solo shows in six years
Zico, a rapper and music producer, will be holding a pair of solo concerts for the first time in six years. On Wednesday, Zico announced through the global fan platform Weverse and his official social media channels "Zico Live: Join the Parade." The concerts are to take place on Nov. 23 and 24 at the Olympic Hall in Olympic Park, Songpa-gu, Seoul. "Zico Live: Join the Parade" will be the first such concerts since "King of the Zungle" in 2018. The concert poster, rel
PerformanceOct. 16, 2024
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Kim Jae-joong’s girl group Say My Name debuts
Say My Name, the first K-pop girl group produced by K-pop singer Kim Jae-joong, debuted Wednesday with its first EP, “Say My Name.” “The motivation for Say My Name is hearing fans call out their names. The team name represents their ambition to run toward their dreams. We aimed to showcase fresh and diverse music genres as well as the unique colors of each member in their debut album. This mini-album is something we put a lot of effort into, from song selection to all aspects o
K-popOct. 16, 2024
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1 in 4 seniors prefer using assets over leaving them to children
One in four South Korean senior citizens wish to use their assets for themselves and their spouses rather than passing them on to their children, according to government data on Wednesday. The 2023 survey of 10,078 senior citizens by the Korea Institute for Health and Social Affairs, Gallup Korea and the Health Ministry between Sept. 4 and Nov. 12 last year showed that 24.2 percent of the respondents chose to prioritize using their assets for their own and their spouse during their lifetime inst
Social AffairsOct. 16, 2024
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‘North Korea can’t afford war while sending shells to Russia’: ex-Yoon adviser
Rep. Lim Jong-deuk, former deputy national security adviser to President Yoon Suk Yeol and lawmaker on the National Assembly National Defense Committee, on Wednesday allayed concerns of North Korea waging war on account of its arms trade with Russia. “North Korea is in a difficult position to start a war at this point for a number of reasons. One is that North Korea is already sending large quantities of artillery shells and missiles to Russia, and likely to send troops as well,” he
PoliticsOct. 16, 2024
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Korea's well-to-do live longer, healthier lives: report
People with higher incomes are likely to live longer and healthier lives than those with lower incomes, government data showed Tuesday. The "healthy life expectancy" -- defined as the period of years one is expected to live with no major health issues -- was 73.4 years in 2021 for South Koreans in the top 20 percent of incomes, according to Ministry of Health and Welfare data submitted to Rep. Kim Nam-hee of the main opposition Democratic Party of Korea. But for those in the bottom 20
Social AffairsOct. 16, 2024