Most Popular
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Qoo10 liquidity crisis sparks massive complaints, fears of wider damage
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Yoon urges municipalities to embrace foreigners
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What is happening at Hybe?
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S. Korea to consent to Japan's Sado mines gaining World Heritage status: official
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Korea unveils tax reform bill to spur economy
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Actor’s excessive airport security sparks probe into human rights violations
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Man who let his father die due to financial difficulties to be released on parole
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Actor Yoo Ah-in accused of sexual attack
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S. Korea, China shifting from tensions to cooperation: Seoul
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LG Electronics achieves record earnings in Q2
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[Wang Son-taek] Problems beneath political polarization
Political violence and unprecedented upheavals are taking place around the world, and the level of anxiety is also being raised. Former US President Donald Trump was shot, but saving his life with some millimeters of margin escape was enough to shake the global community. About a week later, President Joe Biden said he was stepping aside as the presidential candidate of the Democratic Party. Earlier in May, Prime Minister of Slovakia Roberto Pizzo was shot and almost killed by a gunman. In June,
ViewpointsJuly 25, 2024
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[Editorial] Challenges ahead of Han
Han Dong-hoon won a fierce fight to be elected as the new leader of the People Power Party, but he faces another tough challenge. He has to fight the gigantic opposition forces which dominate the National Assembly. He also has to resolve internal party conflict with loyalists of President Yoon Suk Yeol who are critical of him. Above all, it is important to restore trust from those who are disappointed with the current performance of the Yoon government and the governing party. Expectations for s
EditorialJuly 25, 2024
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[Lisa Jarvis] Biden's COVID and summer surge
Last week the White House announced that President Joe Biden had tested positive for COVID-19, making him the most prominent example of this summer’s mini-surge. Each summer, COVID-19 seems to catch people in the US off guard by defying our assumptions about how viruses ought to behave in warm weather. The flu, for example, typically goes underground until the winter holidays. But COVID-19 burbles back up to ruin our vacation plans and force us to offload summer concert tickets. Based on w
ViewpointsJuly 25, 2024
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Yoon appoints new environment minister
President Yoon Suk Yeol appointed Kim Wan-sup, a former vice finance minister with expertise in budget planning, as the new environment minister Wednesday, his office said. Kim, known for his expertise in environment-related budget planning while serving in the finance ministry's key positions, was nominated by Yoon early this month to replace Environment Minister Han Wha-jin. The National Assembly's Environment and Labor Committee adopted a report on his confirmation hearing earlier i
PoliticsJuly 24, 2024
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N. Korea sweet wrappers, noodles on Seoul streets in balloon blitz
North Korean sweet wrappers and packets of crackers made at a factory once visited by leader Kim Jong Un were seen by AFP reporters on streets in the South Korean capital Wednesday. The nuclear-armed North has sent thousands of balloons carrying bags of trash southwards since May, in a tit-for-tat propaganda war between the two Koreas, with Seoul blasting K-pop and anti-regime messages from loudspeakers along the border in return. South Korea's military warned of a fresh batch of balloons e
DefenseJuly 24, 2024
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Choo Shin-soo becomes oldest position player in KBO history
Former major league All-Star Choo Shin-soo became the oldest position player to appear in a game in the South Korean league Wednesday. At 42 years and 11 days old, Choo started as designated hitter for the SSG Landers against the KT Wiz at KT Wiz Park in Suwon, just south of Seoul, in their Korea Baseball Organization regular-season game. Choo moved past former Lotte Giants player Felix Jose, who was 42 years and eight days old when he played in his final KBO game on May 10, 2007. Jose also home
BaseballJuly 24, 2024
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4-year prison term sought for actor Yoo Ah-in over drug charges
Prosecutors on Wednesday demanded a four-year prison term for actor Yoo Ah-in on charges of habitually abusing illegal drugs. The 37-year-old actor, whose latest works include the dark fantasy Netflix series "Hellbound," faces charges of illegally using propofol, a medical anesthetic, under the pretext of cosmetic procedures on 181 occasions between 2020-2022. He was also accused of abusing three other medical anesthetic drugs, including midazolam and ketamine. Charges against him also
Social AffairsJuly 24, 2024
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Ador's Min files suit against 5 Hybe officials
The feud between Hybe and Ador CEO Min Hee-jin shows no signs of abating as Min filed a lawsuit on Wednesday against Hybe’s CEO Park Ji-won, Outside Director Lim Soo-hyon, Chief Legal Officer Jung Jin-soo, Chief Financial Officer Lee Kyung-jun and Chief Communications Officer Park Tae-hee for obstruction of business, detection of content such as electronic records and defamation. Min claims the five Hybe officers have repeatedly illegally acquired messenger conversations between individual
K-popJuly 24, 2024
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Blackpink’s Lisa named Louis Vuitton ambassador
Lisa of Blackpink has been named as a new house ambassador for Louis Vuitton, the luxury brand announced Tuesday. "I am very excited to welcome Lisa as a House Ambassador. She has a daring spirit and charisma that I find incredibly compelling. She is as bold and creative with her music as she is with her fashion, and it is a privilege to accompany her on this journey,” Nicolas Ghesquiere, Louis Vuitton’s artistic director of women’s collections, said in a press statement.
K-popJuly 24, 2024
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[Business Diplomacy] Korea becomes popular destination for US governors
South Korea seems to have been a popular destination for US state governors. This year alone, four governors leading the US industrial heartlands of the Midwest and the South visited Korea to meet with corporate partners and attract new investors. “We're very excited about the relationship that we have built with Korea and Korean companies and we want it to grow,” Kentucky Gov. Andy Beshear said upon his first visit to Korea in July. “If there are ways that we can improve
IndustryJuly 24, 2024
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Payment delays prompt exodus from Tmon, Wemakeprice
Sellers are leaving Tmon and Wemakeprice, the online shopping platforms owned by Singapore-based e-commerce giant Qoo10, due to delays in payment reportedly caused by liquidity issues, according to industry sources, Wednesday. Major retailers like Lotte Shopping, GS Retail and Hyundai Department Store suspended sales on Tmon and Wemakeprice earlier this week, citing a failures in getting paid by the two platforms. Similarly, travel agencies including Hana Tour, Modetour and Yellow Balloon Tour a
IndustryJuly 24, 2024
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Samsung Biologics' H1 earnings hit W2tr for first time
Leading global contract development and manufacturing organization Samsung Biologics announced Wednesday that its earnings for the first half of this year reached an all-time high, surpassing 2 trillion won ($1.5 billion). According to its financial results for the first half of this year, the company reported consolidated revenue of 2.1 trillion won and an operating profit of 655.8 billion won, reflecting on-year increases of 33 percent and 47 percent, respectively. In the second quarter, conso
IndustryJuly 24, 2024
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Lawmaker suggests special law to combat YouTube slander
A ruling party lawmaker on Wednesday addressed the need for legislation to crack down on defamatory YouTube content, citing recent controversy over the blackmail of a popular mukbang star. During a confirmation hearing for Lee Jin-sook, nominee for Korea Communications Commission chair, Rep. Shin Sung-bum pressed for her views on the issue, noting it has inflicted immense harm on the victims. The discussion was prompted by a recent incident involving Tzuyang, a renowned mukbang content creator w
Social AffairsJuly 24, 2024
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2nd generation of owner families at mid-level conglomerates owns 33.5% of shares
An analysis of 81 conglomerates categorized as "middle market enterprises" showed Wednesday that the second generation of owner families owns a total of 33.5 percent of company shares. Corporate tracker CEO Score analyzed the shareholding structure of companies with 2 trillion won ($1.44 billion) or more in assets, and found that the combined value of shares held by owner families' second generations came to 13.39 trillion won as of July 15. The second generation in the report r
CompaniesJuly 24, 2024
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Hybe taps Lee Jae-sang as new CEO
Hybe has appointed its current Chief Strategy Officer Lee Jae-sang to be the new CEO, the company said Wednesday. According to the K-pop powerhouse, Lee's appointment is to be finalized following approval at the upcoming shareholders and board of directors meetings. Lee has been selected to lead the forthcoming "Hybe 2.0" strategy, with a leadership transition project underway since the beginning of the year. Lee graduated from Yonsei University and previously worked at global man
K-popJuly 24, 2024
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Zyx Technology, Eomji House team up for interior design innovation
South Korean design software developer Zyx Technology said Wednesday that it signed a memorandum of understanding with Eomji House, an interior architecture and design firm, to foster mutual exchange and cooperation. Zyx Technology and Eomji House will collaborate on developing and refining new technologies. They will also plan innovation in the large business-to-business interior market and enhance their competitiveness through each other's technological resources. Under the partnership wi
IndustryJuly 24, 2024
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[Today’s K-pop] SHINee’s Minho heads to Paris Olympics
Minho of SHINee will join the Paris 2024 Olympics as one of the “Olympic Friends,” said label SM Entertainment Wednesday. He and actor Lee Dong-wook were selected as the first “friends” of the sporting event and promoted the Winter Youth Olympic Games Gangwon 2024 earlier this year. The veteran idol will attend the 33rd Olympic Games which open Friday and will root for the national team and promote the event. Separately, the singer and actor will return to TV screens as t
K-popJuly 24, 2024
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Source Music, Ador CEO Min locked in legal battle
Hybe subsidiary Source Music and Ador CEO Min Hee-jin are taking legal action against each other for purportedly spreading false information regarding the launch of K-pop girl group NewJeans. Source Music took to social media platform X on Tuesday to post: “Min Hee-jin’s claim that Source Music copied her (girl group) launching strategy is false.” “We did not copy the launching strategy she presented when she was the then-chief business officer at Source Music,” Sou
K-popJuly 24, 2024
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National Museum of Korea provides major grant to Smithsonian’s National Museum of Asian Art
The National Museum of Korea will award the Smithsonian’s National Museum of Asian Art $1.4 million as part of its overseas Korean Galleries Support Program. It marks the largest grant ever awarded by Korea's state-run museum to any institution. The grant will be awarded over four years to help the museum expand the program that aims to deepen the public's interest in Korean art and culture. The program includes reinstalling the museum’s permanent collection of Korean art i
Arts & DesignJuly 24, 2024
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Shareholder activism in Korea ‘partial success’: SquareWell
While shareholder activism is yet to take full hold in South Korea with only a handful of initiatives making it past the vote, activist investors seem to have gained traction here in recent years. According to London-based shareholder advisory SquareWell Partners' recent report, Korean firms are increasingly being targeted by activist investors, with the number soaring from nine in 2020 to 71 in 2023. Still, many of the recent activist campaigns have failed to win a majority of shareholder
MarketJuly 24, 2024