Dongduk Women’s University halts coeducation talks

Dongduk Women’s University has reached an agreement with student representatives to temporarily suspend discussions on transitioning to a coeducational institution, weeks after the college's proposal reignited debates over the future of women’s universities in South Korea. The university confirmed that the coeducation talks would be paused indefinitely and that any future discussions would involve direct consultation with students. As part of the agreement, the student council pledge

Social AffairsNov. 22, 2024

SK chief underlines power of 'design thinking' amid global uncertainties

SK Group Chairman Chey Tae-won suggested responding to deepening global uncertainties with "design thinking" at the annual Tokyo Forum on Friday. “Most people think design and business are separate disciplines, but both fundamentally share the characteristic of creating new ventures with limited resources,” the chairman said in his opening speech at the event in Tokyo. Chey emphasized the importance of design thinking in the business domain, stating, “CEOs must act

IndustryNov. 22, 2024

Gold bars and cash bundles; authorities confiscate millions from tax dodgers

Nearly 700 high-income tax evaders have been uncovered in South Korea, including who hid millions of won in kimchi containers and another who drove a Rolls-Royce while dodging taxes, the National Tax Service said Thursday. The agency revealed a list of 696 individuals suspected of evading taxes through sophisticated methods. These include 216 who concealed assets despite having the means to pay, 81 who transferred wealth to family members through fraudulent transactions and 399 who lived extrava

Social AffairsNov. 22, 2024

Hanjin inks partnership with DHL to boost logistics competitiveness

Hanjin Logistics Corporation said Friday it has signed a strategic partnership agreement with DHL Supply Chain Korea, to strengthen collaboration in logistics operations and expand its network in South Korea. The agreement will focus on key industries, including pharmaceutical, semiconductor, consumer goods, automotive and eco-friendly logistics, the company said. Through the partnership, the two companies plan to jointly target new customers, improve logistics efficiency for existing clients, a

IndustryNov. 22, 2024

Hanwha Ocean drops police complaint against HD Hyundai in destroyer contract bid

Hanwha Ocean said Friday it withdrew its police complaint against rival HD Hyundai concerning the bidding process for the 8 trillion won ($5.7 billion) next-generation Korean destroyer (KDDX) project. In March this year, the shipbuilder filed a complaint requesting an investigation into HD Hyundai executives’ involvement in leaking Hanwha Ocean’s confidential materials related to the KDDX bid, hosted by the Defense Acquisition Program Administration, in 2013. Nine HD Hyundai employee

IndustryNov. 22, 2024

OpenAI in talks with Samsung to power AI features, report says

OpenAI, the creator of ChatGPT, has reportedly engaged in discussions with Samsung Electronics to integrate artificial intelligence capabilities into Samsung’s electronic devices, according to a report Friday. This move could position OpenAI as a potential challenger to Google, the leading player in the browser and search markets. The discussions were said to mirror a recent agreement between OpenAI and Apple, where OpenAI’s technology powers Apple Intelligence features on new device

TechnologyNov. 22, 2024

Defense ministry denies special treatment for BTS’ V amid phone use allegations

The Ministry of National Defense has refuted claims that BTS member V, or Kim Tae-hyung, received preferential treatment while serving in the military that allowed phone use during prohibited hours. The allegations surfaced recently after former Ador CEO Min Hee-jin mentioned in an interview that she had received a text message from V last year while he was in the military. On Thursday, the ministry addressed the complaints filed with the military police regarding suspicions that V used a mobile

K-popNov. 22, 2024

AmCham seminar discusses US-Korea trade outlook for Trump’s 2nd term

The American Chamber of Commerce in Korea hosted a seminar Wednesday in Seoul, partnering with local law firm Kim & Chang to explore key trade and tariff policy changes expected under a second Trump administration. The session, which drew attendance from local companies seeking to navigate the evolving US-Korea economic relationship, focused on anticipated shifts in US trade policy and their implications for Korean businesses. "Given President Trump’s campaign promises and his fir

IndustryNov. 22, 2024

Seoul shares rise nearly 1% to top 2,500 on foreign buying

South Korean stocks rose nearly 1 percent to top 2,500 points Friday as foreign investors returned to net buyers for the first time in 11 sessions. The local currency fell to surpass 1,400 won against the US dollar. The benchmark Korea Composite Stock Price Index gained 20.61 points, or 0.83 percent, to close at 2,501.24. It is the first time that the main index topped the 2,500-point threshold since it ended at 2,531.66 on Nov. 11. Trade volume was moderate at 534.9 million shares worth 7.8 tri

MarketNov. 22, 2024

Final sentencing hearing for Cho Kuk draws near

Rep. Cho Kuk, an ally of former Democratic Party of Korea President Moon Jae-in, is due to be sentenced by the highest court in three weeks. Cho faces a dozen charges. Most notably he is charged with using illicit means to get his children into prestigious schools, for which his wife Chung Kyung-shim was handed four years in jail in 2022. The court ruling led to their daughter Cho Min losing her admission to Korea University and medical school at Pusan National University. He is also charged wit

PoliticsNov. 22, 2024

Teen smoking, drinking decline, while mental health, dietary habits worsen

A recent state-conducted health survey revealed a significant drop in smoking and alcohol consumption among South Korean teenagers over the past 20 years, but other negative trends in mental health and dietary habits are emerging. The Ministry of Education and Korea Disease Control and Prevention Agency revealed Friday that the “current smoking rate,” -- measuring students who smoked at least once in the past month -- dropped from 11.8 percent in 2005 to 3.6 percent this year. Simi

Social AffairsNov. 22, 2024

Culture ministry, KTO to focus on barrier-free tourism

Turning South Korean cities into a barrier free, mobility-friendly tourist destination will be one of the major objectives of Korea Tourism Organization next year. According to the KTO, the Ministry of Culture, Sports and Tourism and the travel organization will be accepting applications from metropolitan cities and local governments that are aimed to improve convenience for tourists, starting from Friday to Jan. 16. KTO is scheduled to name a third barrier-free tourism area, following Gangneung

TravelNov. 22, 2024

[Photo News] Winter at Legoland Korea Resort

From Friday to Christmas Day, Legoland Korea Resort -- a theme park in Chuncheon, Gangwon Province -- will be holding its seasonal winter festival, “Merry Brickmas.” The event features musical performances, lighting ceremonies for a 9-meter Lego Christmas tree, special quests for visitors, and the new Holiday Snow Play and Bricktopia Lounge attractions. Musical shows featuring Legoland mascots Mike and Amy will take place twice a day at 12:30 p.m. and 4 p.m. at Ninjago Theater, while

TravelNov. 22, 2024

AKMU, NewJeans to perform at Yoasobi's year-end concert

Japan's trendsetting duo Yoasobi will feature local special guests at their upcoming year-end concert in Korea. The Korea act of Yoasobi Asia Tour "Cho-Genjitsu," meaning surrealism in Japanese, set to take place on Dec. 7-8 at Inspire Arena in Jung-gu, Incheon, will feature performances by sibling duo AKMU and girl group NewJeans as guest artists. NewJeans will perform on Dec. 7, while AKMU will take the stage on Dec. 8. Unlike their first concert in Korea last year, which showca

PerformanceNov. 22, 2024

Yoon's office signals supplementary budget review

The presidential office on Friday signaled it would consider a supplementary budget with President Yoon Suk Yeol addressing the issue of social polarization as the policy priority its administration should tackle. A senior official of the presidential office said that it "will not rule out the possibilities of the proactive fiscal intervention including the allocation of an extra budget," adding the timing for the supplementary budget "has yet to be determined." This signals

PoliticsNov. 22, 2024

Kia EV9 GT marks world debut at LA Motor Show

Hyundai Motor Group’s subsidiary Kia showcased the EV9 GT, the high-performance version of its large electric sport utility vehicle, at the Los Angeles Auto Show on Thursday. “The EV9 GT boasts the charm of the three-row EV9 and adds driving excitement for car enthusiasts,” stated Steven Center, chief operating officer and executive vice president of Kia America. Since its debut last year, the Kia EV9 has been given the acclaimed title of 2024 North American Utility Vehicle of

MobilityNov. 22, 2024

Parked EV crashes into restaurant; four pedestrians injured

An electric vehicle without a driver at the wheel crashed into a restaurant building in Gangnam, Seoul, injuring four pedestrians, police said Friday. The incident occurred at around 5:17 p.m. on Thursday, leaving pedestrians with minor injuries. According to authorities, the vehicle, a Mercedes-Benz electric car, was parked when the accident happened. The car owner, a woman in her 30s, was seated in the passenger seat changing her shoes. She claimed to have pressed the car’s “auto

Social AffairsNov. 22, 2024

Celltrion’s Prolia, Xgeva biosimilars receive approval in Korea

South Korean biosimilar giant Celltrion announced Friday that its biosimilars, Stoboclo and Osenvelt, have been approved by the Ministry of Food and Drug Safety. The two biosimilars, referencing Amgen’s Prolia and Xgeva, respectively, are the first denosumab biosimilars to be approved in Korea. Prolia is used to treat osteoporosis in postmenopausal women and increase bone density in men, while Xgeva is prescribed to prevent skeletal-related complications in cancer patients with bone metast

IndustryNov. 22, 2024

LG Innotek invests W376b for Vietnam facility

LG Innotek said Friday it would invest 375.9 billion won ($268.3 million) in a facility in Vietnam to respond to new models in the optical solutions business and enhance its competitiveness. The investment period will extend until Dec. 31. of the following year. The new investment is part of the company’s previously announced plan to invest 1.3 trillion won in expanding its production subsidiary in Hai Phong, Vietnam. The Vietnam production facility primarily manufactures camera modules. T

IndustryNov. 22, 2024

Yoon's approval rating 'unchanged' after opposition leader's conviction: poll

President Yoon Suk Yeol's job approval rating has remained unchanged for two straight months, despite Yoon's handling of foreign affairs during his trip to the South American countries and the conviction of the opposition leader for election law offenses the previous week. According to Gallup Korea's weekly poll result of 1,001 respondents released Friday, Yoon's popularity came to 20 percent. His job disapproval rating edged up 1 percentage point to 72 percent compared to th

PoliticsNov. 22, 2024