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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North Korean trash balloon falls on Seoul presidential office
At least one North Korean balloon carrying trash landed on the grounds shared by the South Korean presidential office and the National Defense Ministry in Yongsan, central Seoul, on Wednesday morning. South Korea’s Presidential Security Service said that some trash dropped by the North Korean balloon was identified on the grounds of the Yongsan presidential office and the adjacent defense ministry. The balloon contained mostly scraps of paper and plastic, according to the South Korean mili
PoliticsJuly 24, 2024
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Seoul shares close lower on tech, auto losses
Seoul shares closed lower Wednesday as most tech stocks and autos finished in negative terrain. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) lost 15.58 points, or 0.56 percent, to close at 2,758.71. Trade volume was moderate at 458.6 million shares worth 10.9 trillion won ($7.87 billion) with losers outnumbering gainer 489 to 368. Foreigners offloaded a net 271.7 billion won worth of local shares, while institutions and retail investors n
MarketJuly 24, 2024
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Seoul vows W106.5b to support youth exiting foster care
The Seoul Metropolitan Government announced Wednesday that it would spend 106.5 billion won ($76.9 million) over the next five years to help youth transitioning out of foster care or child care institutions to adjust to independent living, becoming the first local government to do so in South Korea. The city government’s plan includes providing job consultation services, raising independent living capabilities, subsidizing living costs and providing additional help in adjusting to society
Social AffairsJuly 24, 2024
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K-pop industry raked in $900 million from overseas last year, data shows
With all the hype surrounding the K-pop industry, how much does it actually earn? The Korea Culture and Tourism Institute sought to answer this question with data, which revealed that the K-pop industry raked in nearly $900 million from overseas last year. In 2023, the estimated overseas sales of K-pop amounted to 1.24 trillion won ($893 million), exceeding 1 trillion won for the first time, according to the government-run organization's report on Wednesday. Compared to the previous year, K
CultureJuly 24, 2024
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Han begins as PPP chief; Yoon calls for unity
The new ruling People Power Party leadership kicked off its first day by highlighting unity amid concerns over lingering tensions between President Yoon Suk Yeol and newly elected party Chair Han Dong-hoon. The two met for dinner at the presidential office in Yongsan-gu in Seoul at the invitation of the president, Yoon's office said, noting that the meeting was intended to nurture "a grand harmony." Han was invited along with some other contenders at the party's national conv
PoliticsJuly 24, 2024
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LG Chem’s US partner starts phase 2 trial on rare obesity drug
LG Chem announced on Wednesday that Rhythm Pharmaceuticals, which had acquired the global license for LB54640 -- a new oral drug for a rare form of obesity developed by LG Chem -- has begun giving doses to the first participants in a phase 2 clinical trial. For the phase 2 trial, Rhythm Pharmaceuticals recruited 28 patients aged 12 and older with hypothalamic obesity -- a condition caused by congenital or acquired damage to hypothalamic function, resulting in difficulties in appetite control. Th
CompaniesJuly 24, 2024
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Genesis to sponsor New York's Met through new art initiatives
Hyundai Motor Group’s premium auto brand Genesis on Wednesday announced a five-year partnership with the Metropolitan Museum of Art in New York to provide various inspirational experiences for global audiences visiting the museum. The partnership marks the beginning of Genesis Art Initiatives, established to celebrate art as an authentic experience to discover truly meaningful and valuable aspects of life. Genesis will support the Met’s annual contemporary art commission series for t
MobilityJuly 24, 2024
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Over half of Korea's outpatient visits last under 5 minutes: study
Over half of outpatients in South Korea spent under five minutes with their doctor during medical appointments last year, a study showed Wednesday. The study, commissioned by the Health Ministry and conducted by the Korea Institute for Health and Social Affairs, gathered responses from 14,910 individuals between July 24 and Sept. 22 last year. Its findings show that 55 percent of respondents reported spending less than five minutes with their doctor, with 17.6 percent saying consultations lasted
Social AffairsJuly 24, 2024
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Largest doctors' group pulls plug on joint committee
South Korea's largest doctors' group said Wednesday that it has decided to pull the plug on a joint committee launched last month to take unified action against the government's planned medical school expansion, after other groups called on it to disband. The Korean Medical Association issued a statement stating that the committee would cease operations after Friday, when its forum to discuss how to salvage the country's health care is scheduled to take place. "The decis
Social AffairsJuly 24, 2024
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[LLG] After diving head-first into webtoons, creator learns folly of naive optimism
Many dream of leaving their mundane jobs to pursue something creative and original. Only a few actually take the leap, and even fewer succeed. But it's usually only the stories of the successful that get told; this is not one of those stories. For Dang Yeon-hee, a 34-year-old aspiring webtoon artist in Gyeonggi Province, the journey has entailed many disappointments and painful lessons about harsh realities. It has ultimately turned into a path of self-discovery, rather than one leading
Hashtag KoreaJuly 24, 2024
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[KH Explains] $17b too low? Korea’s Czech nuclear bid faces profitability questions
The South Korean government recently celebrated a significant milestone: The state-run Korea Hydro & Nuclear Power was chosen as the preferred bidder for a nuclear power project in the Czech Republic valued at 24 trillion won ($17.3 billion). It is being hailed as a “remarkable achievement after 15 years” by the government, reminiscent of a $20 billion nuclear plant deal in the United Arab Emirates in 2009. However, not everyone shares the government’s enthusiasm. Some expe
IndustryJuly 24, 2024
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[Herald Review] 'Deadpool and Wolverine' is salute to Marvel fans
Fueled by fans' excitement to see two beloved superheroes together in the Marvel Cinematic Universe for the first time, "Deadpool and Wolverine" is currently the talk of the town here. Despite its R-rated status, as of Wednesday, the film achieved a 46.5 percent pre-sale rate with more than 210,000 tickets sold in advance. The pre-sale rate is nearly three times higher than that of its competitors, such as "Pilot" (18.2 percent) and "Despicable Me 4" (10.2 pe
FilmJuly 24, 2024
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KIAT to support tech firms with regulatory sandbox
Korea Institute for Advancement of Technology is collaborating with the Ministry of Trade, Industry and Energy to bolster financial and direct investment support for companies approved under their collaborative regulatory sandbox. On Wednesday, KIAT hosted the first Investor Relations Day event for companies joining the regulatory sandbox initiative in Seoul. The event featured business presentations and one-on-one funding consultations. The regulatory sandbox permits the government to temporari
IndustryJuly 24, 2024
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Why are K-pop powerhouses advancing into Latin America?
JYP Entertainment announced last Thursday that it will establish a Latin America subsidiary in the third quarter of this year. The move is aimed at expanding its local business and better communicating with fans from the region. Ahead of JYP, the agency behind popular K-pop bands Twice, Stray Kids and Itzy, was Hybe, the powerhouse behind BTS, Seventeen and NewJeans. Hybe established a foothold in the Latin market with the opening of a Mexico-based business unit in November last year. The compan
K-popJuly 24, 2024
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Koreas in 'fierce' cultural battle to win hearts of N. Koreans: minister
Unification Minister Kim Yung-ho on Tuesday emphasized that South Korea's cultural wave is fiercely battling the cultural indoctrination of the Kim Jong-un regime to win the hearts and minds of North Koreans. "With the influx of external culture and information such as South Korean soap operas and K-pop, many North Koreans are consuming Juche culture by day, South Korean culture by night," Kim said in his keynote speech at the 2024 International Dialogue on North Korean Human Righ
North KoreaJuly 24, 2024
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Police close message board following coercive probe allegations
A local police station recently shut down an open message board on its website after a barrage of complaints concerning allegations of an officer's coercive investigation into a wrongly accused man. As of Wednesday, the page that had previously functioned as a general forum accessible to anyone has disappeared from the website of the Hwaseong Dongtan Police Station that serves the city of Hwaseong, Gyeonggi Province. Users are referred to a government-run website for placing police complain
Social AffairsJuly 24, 2024
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Assembly panel defers 'yellow envelope bill'
The parliamentary legislation and judiciary committee on Wednesday decided to defer a decision on a pro-labor bill that aims to limit companies from making claims for damages against legitimate labor union disputes. National Assembly Legislation and Judiciary Committee Chair Rep. Jung Chung-rae said that the decision was put on hold, citing the need for further discussions due to differences between the ruling and opposition parties. The National Assembly passed a similar bill last year, but P
Social AffairsJuly 24, 2024
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Gyeongpo Beach beckons holidaymakers at night
The coastal city of Gangneung is extending the operating hours of the popular Gyeongpo Beach until 9 p.m. starting Saturday. Gyeongpo Beach, the largest beach along the East Coast that attracts an average of 6.5 million visitors each summer, will increase the number of lights to allow swimming and other water activities in the area up to 200 meters deep near the Central Square, according to the city on Wednesday. Visitors were originally allowed to swim until 6 p.m. The city expects the longer o
TravelJuly 24, 2024
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Amorepacific tops beauty sales during Amazon Prime Day
South Korean beauty giant Amorepacific said Wednesday that several of its brands topped sales during Amazon Prime Day, the global online retailer's largest shopping event. Amazon Prime Day is an exclusive annual event for its Prime members that took place on July 16 and 17 this year. Amorepacific’s key brands, including Cosrx, Laneige and Aestura, joined the event this year. In the beauty and personal care category, the Advanced Snail 96 Mucin Power Essence, Cosrx's flagship prod
IndustryJuly 24, 2024
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Late Park Bo-ram's music to be re-released on 10th debut anniversary
The music of the late Park Bo-ram will be re-released at the request of her family and colleagues, on her 10th debut anniversary. Xanadu Entertainment, Park's agency, announced it is re-releasing popular tracks by Park, including "As Time Goes," on Aug. 7, her debut date. Park performed "As Time Goes" during the finals of the 2010 Mnet audition program "Superstar K2" which was broadcast live. It was also the last song she recorded while preparing for her 10th-a
CultureJuly 24, 2024