K-pop fans worldwide are gearing up for the grand spectacle of Korea's major year-end music shows — "KBS Song Festival," "SBS Gayo Daejeon" and "MBC Gayo Daejejeon." Each festival has a unique concept and star-studded lineup, offering a glimpse into the past, present and future of K-pop. From legendary reunions to first-time collaborations, these year-end stages promise unforgettable moments to close out 2024 and welcome 2025 in style. Cross-generatio

Chung Mong-gyu, incumbent president of the Korea Football Association, officially announced his bid for a fourth term at the nation's top soccer governing body on Thursday while vowing to earn back the trust of Koreans toward the soccer federation. The 62-year-old said he would gladly accept criticism of irregularities in the KFA's operation during his tenure, adding he would work to rebuild public confidence in the federation and the national team. "As a person who worked hard wi

"Let's Shape LG's Future with the DNA of Challenge and Change We've had Since Day 1" Highlighting LG's Spirit – the DNA of challenge and change since Day 1 -        "LG's Day 1 spirit of choosing what others wouldn't dare comes from our DNA of challenge and change as we serve our customers. With this spirit, we have built a history of firsts and bests." -        "Creating distinguishe

South Korean food manufacturer Samyang Foods is set to build its first overseas plant in China in a strategic move to bolster its global presence with its spicy Buldak ramyeon. In a regulatory filing Wednesday, the company unveiled plans for a 201.4 billion won ($139 million) manufacturing facility in Jiaxing, Zhejiang province. The six-line production plant is slated for completion in January 2027. The food company will invest 64.7 billion won to establish a subsidiary in Singapore by late 20

LG Electronics announced Thursday the global launch of the LG Signature OLED T, the world’s first wireless and transparent TV. The 77-inch TV features a 4K resolution transparent screen with LG’s wireless transmission technology and the ability to switch between opaque and transparent modes at the push of a button. The opaque mode delivers stunning 4K picture quality, while the transparent mode offers an open view of the space behind the screen. Preorders are now open in North Americ

Finance Minister Choi Sang-mok on Thursday forecast heightened volatility in South Korea's financial and foreign exchange markets in the short term following the US Federal Reserve's latest rate cut. The Federal Open Market Committee concluded its two-day meeting Wednesday by lowering its benchmark interest rate by a quarter percentage point to a range of 4.25 to 4.50 percent. It followed a quarter-percentage-point cut last month and a 50-basis-point reduction in September. "With

Seoul shares started over 1.8 percent lower Thursday after the US Federal Reserve cut its rate for the third consecutive time but signaled fewer rate cuts next year. The Korean won opened sharply lower against the US dollar. The benchmark Korea Composite Stock Price Index shed 45.47 points, or 1.83 percent, to 2,438.96 in the first 15 minutes of trading. The Korean won also plummeted to breach 1,450 won per US dollar, reaching a 15-year low. It was trading at 1,450.8 won against the greenback at

The US Federal Reserve on Wednesday lowered its benchmark interest rate by a quarter-percentage point and signaled the possibility of two reductions next year, two fewer than what it penciled in three months ago. After the two-day Federal Open Market Committee meeting, the central bank announced the decision to reduce the rate to the 4.25 to 4.50 percent range. It followed a quarter-percentage-point cut last month and a 50-basis-point reduction in September. FOMC members' new median economi

In December 2024, the Republic of Korea is experiencing an embarrassing absurdity. A person who rose to the presidency, the pinnacle of political power, declared emergency martial law, an act that constituted political suicide. Although the situation is being settled as the National Assembly adopted a resolution demanding the immediate lifting of martial law and passed a presidential impeachment motion, people are still shocked by the unexpected massive disturbance. In particular, President Yoon

Enhancing ADAS Capabilities with Market-Ready Vision Technology Software for Software-Defined Vehicles SEOUL, South Korea, Dec. 19, 2024 /PRNewswire/ -- STRADVISION, a trailblazer in AI-based vision perception technology for the automotive industry, is bolstering its automotive vision software offering by collaborating with Renesas Electronics Corporation, a global leader in advanced semiconductor solutions. As part of this collaboration, STRADVISION has signed a master license agr

Finance Minister Choi Sang-mok on Wednesday vowed to restore market credibility amid the ongoing political turmoil, stressing that the indicators that gauge market volatility and economic instability show signs of easing thanks to the swift responses by the government and the country's constitutional and economic systems. "The budget plan and key tax bills were passed in the National Assembly on Dec. 10, demonstrating that Korean economic policies are moving forward through consultatio

Experience the magic of Thailand's night-time tourism across Bangkok's iconic landmarks, further elevating Thailand's reputation as a global festival hub  BANGKOK, Dec. 18, 2024 /PRNewswire/ -- The Tourism Authority of Thailand (TAT), under the Ministry of Tourism and Sports, proudly launched the Bangkok Illumination Festival 2024 during its opening ceremony yesterday evening. Running from 17 December 2024 to 5 January 2025, between 18:00–22:00, the festival transforms Bangkok int

Moments after winning her first Olympic gold medal in Paris on Aug. 5, South Korean badminton star An Se-young was not in the mood for celebration. In her media availability following her women's singles title, An criticized the Badminton Korea Association and the national team staff for mismanaging her injury from the previous year and accused them of a series of old practices and customs that she deemed unfair to athletes. An even hinted she would no longer compete for the national team a

Seoul shares started higher Wednesday as investors were paying attention to the results of the Federal Reserve's rate decision meeting. The benchmark Korea Composite Stock Price Index (Kospi) added 16.43 points, or 0.67 percent, to 2,473.24 in the first 15 minutes of trading. Overnight, Wall Street closed lower as investors awaited the Fed's rate decision. The US central bank is widely expected to make its third consecutive rate cut on Wednesday. In Seoul, most big-cap shares gained gr

Celltrion Group has launched a new contract development and manufacturing organization, Celltrion BioSolutions, signaling its strategic ambition to position CDMO services as the group’s next growth engine beyond its core biosimilar business. "We will start contract research and development services from 2025, with the facility construction set to start by the first half. By 2030, we aim to record 1.5 trillion won ($1.04 billion) in CDMO business," Chairman Seo Jung-jin said durin