South Korean stocks extended their winning streak to the third straight day Wednesday as investors awaited the third-quarter earnings of US AI chip giant Nvidia. The local currency remained unchanged against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) added 10.34 points, or 0.42 percent, to close at 2,482.29. Trade volume was moderate at 400.3 million shares worth 7.7 trillion won ($5.53 billion), with gainers closely outpacing losers 435 to 420. Foreigners and individ

UN agency urges normalization in monetary policy, structural reform to boost productivity

Key details, including Japan's government representative, remain undecided days ahead of memorial service

Pizza chain to debut Korean fast food brand Gochujang in India next year

The National Orchestra of Korea, dedicated to contemporary interpretations of traditional Korean music, is bringing back a program gaining popularity among gamers -- the soundtracks of hit games reimagined using traditional Korean instruments. Two previous collaborations with game developers were presented in the “Soso Music Concert” series, aimed at children and young people, featuring mobile games such as "Cookie Run: Kingdom" in 2021 and 2022, and "Crazyracing Kar

Immigration of a permanent type to South Korea jumped by 50.9 percent last year, the second biggest surge among the 38 member countries in the Organization for Economic Cooperation and Development. In an OECD report titled “International Migration Outlook 2024,” released last week, a record 6.5 million people moved to the 38 high-income countries committed to democracy which make up the OECD last year, up 10 percent from 2022. The United States was the top destination country, adding

South Korean police said Wednesday they are pursuing criminal charges against 715 individuals related to a nationwide illegal gambling operation, which is thought to have brought in around 100 billion won ($72 million) in revenue. Busan Metropolitan Police Agency arrested seven individuals suspected of running a poker-themed bar franchise with 15 local branches across the country that conducted an illegal gambling operation from March 2021 to April this year. The others are being investigated wi

Anesthesiologist-turned-plastic surgeon carves out a path in tattoo removal. Then recognizes unjust stigmas facing those with body ink and problems of outlawing tattoo artists

A 50-year-old woman was sentenced to 15 years in prison for orchestrating a massive real estate scam that defrauded 229 tenants out of 18 billion won ($13 million) in deposits entrusted to her under the "jeonse" lump-sum lease system. The Supreme Court’s First Division upheld a lower court’s ruling on Wednesday, confirming the 15-year prison sentence for Choi, who was convicted of fraud and other charges. This marks the Supreme Court's first definitive ruling in a larg

Over 80 items of traditional Korean attire including hanbok will be exhibited at the Free University of Berlin from Friday to Jan. 17. The exhibition is a project by the state-run Korea National University of Heritage. The “Korean Traditional Attire, Hanbok: Art of Dignified Manner” exhibition will feature not only everyday attire like hanbok, but uniforms worn by royals and a large collection of fabrics used for each season, such as silk and ramie. The items on display have all been

Industry experts emphasize need for comprehensive protections of K-pop idols

Min Hee-jin, former CEO of Hybe subsidiary Ador, announced on Wednesday her resignation from her post as an internal director at Ador, signaling a complete departure from Hybe. She also declared her intent to take legal action against the K-pop powerhouse, accusing the company of breaching shareholder agreements and engaging in unlawful practices. “I have decided to resign as an internal director of Ador today,” Min said in a statement. “I will terminate my shareholder agreemen

Spy agency says Kim Jong-un may be planning Russia visit for summit with Putin