South Korean cosmetics giant Amorepacific said Thursday that its third-quarter operating profits nearly doubled, driven by strong overseas sales and improved operational efficiency in the domestic market. According to a regulatory filing, Amorepacific posted revenue of 1.07 trillion won ($775 million) and an operating profit of 75 billion won in the third quarter of 2024, up 11 percent and 160 percent, respectively, year-over-year. The company attributed this growth largely to its global rebal

Korea Zinc’s decision to execute a 2.5 trillion won ($1.8 billion) paid-in capital increase has come under the scrutiny of financial authorities. The country’s financial watchdog views there could be a possibility of unfair practice in a potential overlap in the period. “The Financial Supervisory Service will look into whether there had been any illegality in the execution of Korea Zinc’s tender offer and paid-increase,” Ham Yong-il, the deputy chair at the watchdog

Luxury fashion and leather goods company MCM plans to launch its metaverse flagship store on a platform powered by Lotte Innovate as early as Nov. 7, joining global luxury brands tapping into the virtual world with a digital second life. MCM products can be purchased directly on the platform Caliverse once a market develops, according to sources with direct knowledge of the matter. “Initially, we will link users interested in buying to the official MCM website. We’ll see how that pan

The second annual World Pansori Festival will kick off at Namsangol Hanok Village in Seoul this weekend, showcasing a blend of traditional culture and modern musical innovation. Co-hosted by the World Pansori Association and Namsangol Hanok Village, the festival running from Friday to Sunday celebrates pansori, Korea’s expressive vocal art form of narrative singing of epic stories and folklore. The Main Concert will have live pansori beginning at 4 p.m. on Friday, followed by pansori buski

Zerobaseone claimed all three top spots on Oricon’s weekly video charts with its concert footage, said agency WakeOne Entertainment Thursday citing the Japanese tally. The band’s Blu-ray and DVD edition of its fan concert in Japan topped Oricon’s Weekly DVD, Bly-ray Disc and Music DVD/Blu-ray Disc rankings at the same time, a first for an international artist. The videos are of the nine members’ first such event held in March in Yokohama for which they put on stage 11 son

Fans demand apology from the K-pop powerhouse for allegedly disparaging Blackpink’s Lisa

South Korean piano sensation Lim Yunchan, the youngest winner of the Van Cliburn International Piano Competition, has been named artist in residence for next year’s Tongyeong International Music Festival, one of South Korea's most celebrated music festivals which is held annually in Tongyeong, South Gyeongsang Province. The 20-year-old pianist, recently honored with the Gramophone Classical Music Awards prize in the piano category and named its young artist of the year, will join anot

The Korea Tourism Organization unveiled a list of 20 top public campgrounds of 2024 to promote the excellence of the country’s public campsites and continue to develop sustainable camping cultures across the country. The public camping grounds were recommended by the provincial, city governments and public institutions and they were organized and evaluated in four categories -- family-friendly, pet-friendly, eco-friendly area and barrier-free. The campsites were assessed once again with th

Chip giant hints at imminent shipments for Nvidia, possible tie-up with foundry rival TSMC

South Korean stocks closed almost 1.5 percent lower Thursday as tech and financial shares sharply lost ground. The local currency was rising against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) lost 37.64 points, or 1.45 percent, to close at 2,556.15. Trading volume was a little slim at 396.7 million shares worth 10.7 trillion won ($7.75 billion), with winners slightly outnumbering losers 473 to 401. Overnight, Wall Street finished lower on the losses of chip companies,

China’s silence on NK troop deployments draws US criticism at UNSC meeting

South Korea’s main opposition Democratic Party of Korea on Thursday accused President Yoon Suk Yeol of favoritism and unlawful interference in the 2022 by-election, disclosing a private call between Yoon and his former political consultant Myung Tae-kyun. The party claims the recording reveals Yoon’s involvement in election matters while serving as the incumbent president. In the May 2022 phone recording disclosed to media by the Democratic Party, Yoon, then the president-elect, told

K-pop girl group Twice will become the first K-pop artist to perform on Amazon Music Live in the US. According to their agency, JYP Entertainment, Twice will take the stage on Amazon Music Live on Nov. 21 at 9 p.m., local time, with the performance later available on Amazon Prime Video and Twitch channels. Now in its third season, Amazon Music Live is an online streaming concert series that airs live right after the broadcast of games from the National Football League, one of the largest profess

Le Sserafim is set to take the stage at Europe's biggest music awards ceremony, MTV European Music Awards (EMAs), this year. The 2024 MTV EMAs take place in Manchester, UK, on Nov. 10. "There's no better feeling in the whole wide world than announcing Le Sserafim as a 2024 MTV EMA performer. See them take the stage on 10 November,” the EMAs announced on their official website on Wednesday. The ceremony, hosted by MTV Networks Europe, awards trophies to songs, music videos, a