South Korea’s economy has grown by 0.1 percent in the third quarter from the prior quarter, undershooting forecasts by big margins due to unexpectedly slowed exports, according to preliminary data from the Bank of Korea on Thursday. The country's real gross domestic product -- a key measure of economic growth -- expanded 0.1 percent on-quarter in the July-September period, missing the 0.5 increase forecast by the central bank in August. This is a red flag for Asia’s fourth-large

Leaders condemn NK troops' presence in Russia

Acclaimed French writer Sylvie Germain, known for her profound exploration of eras marked by violence and turmoil, including the Franco-Prussian War and the Algerian War, said it’s “disheartening” to see the current global situation, particularly the conflicts in the Middle East and Ukraine. “It’s tragic that humanity hasn’t learned from history, and we continue to see the same situations recur. The violence and destruction caused by war are deeply concerning.

The Seoul Outdoor Library will feature a special focus on Irish literature this Friday and Saturday. From 11 a.m. to 6 p.m., a special Irish-themed booth will be open at Seoul Plaza, with an Irish step dancing performance at the plaza at 6 p.m. on Friday. From 4 p.m. to 6 p.m. on Saturday, a "Meet the Authors" session will be held on the first floor of the Seoul Metropolitan Library in Jung-gu. Three writers from Dublin -- Anne Griffin, Sinead Gleeson and Ronan Hession -- will discuss

Veteran actor Youn Yuj-jung (“Minari,” “Pachinko”) will star in season two of the Netflix series “Beef.” The new installment of this US anthology drama will feature Youn as the Korean billionaire owner of a country club. While the show’s creator, executive producer and showrunner Lee Sung-jin continues to helm season two of “Beef,” the new season will feature a whole new cast that includes Oscar Isaac, Carey Mulligan, Charles Melton and Cai

The Salzburg Festival is more than a festival celebrating Mozart, although the connection between Mozart and the festival held in the city of the composer's birth continues to be strong. “I believe that Mozart plays a crucial role in the festival, but what truly sets the Salzburg Festival apart is its dedication to showcasing a diverse array of programs,” Kristina Hammer, the president of Salzburg Festival, told reporters in Seoul on Wednesday. Hammer, president of the festi

SK Innovation said Thursday that three of its key subsidiaries -- SK Energy, SK Geocentric and SK IE Technology -- have appointed new company heads with technological expertise to tackle business uncertainties and strengthen core competitiveness. The announcement comes eight days before the mega-merger of SK Innovation and SK E&S, two major energy affiliates of SK Group, which will create Korea’s largest energy giant with combined assets of 100 trillion won ($723.6 billion). The newly

The number of foreign nationals residing in South Korea long-term has increased to an all-time high, reaching almost 2.5 million last year, according to official data presented by the Ministry of Interior and Safety on Thursday. As of Nov. 1, 2023, there were a total of 2,459,542 foreign nationals staying in Korea for at least three months. According to the Interior Ministry -- which defines foreign residents as those without Korean nationality, those who have obtained Korean citizenship but are

Shares of Korea Zinc, the world’s largest zinc smelter, jumped almost 30 percent on Thursday amid speculation that the prolonged power struggle between the current management and the MBK Partners-Young Poong coalition could push the share price up further in the coming weeks. The shares of Korea Zinc closed at 1.13 million won ($825), up 262,000 won or 29.91 percent from the previous day, hitting the upper circuit limit. The uptick comes after the tender offer of the current management clo

Samsung Electronics's mobile business chief Roh Tae-moon has pinned high hopes on the latest flagship Galaxy S24 series to drive up the company's smartphone business this year overall. Speaking to the employees in a regular town hall meeting on Wednesday, Roh reiterated the company's goal of creating an "ecosystem of Galaxy AI" to introduce the artificial intelligence model to all of its mobile devices, according to industry sources. "Galaxy has led the way into the

Chipmaker sees HBM sales more than triple, projecting rosy outlook for coming months

Hyundai Motor Company reported 3.58 trillion won ($2.5 billion) in third-quarter operating profit Thursday, down 6.5 percent from the same quarter last year and missing the market consensus of 3.9 trillion won. The automaker explained in a conference call that a proactive warranty extension for the North American Grand Santa Fe, a sport utility vehicle, caused a provision of about 320 billion won and affected the lower-than-expected operating profit for the July to Sept. period. Despite the dip

Hyundai Glovis, Hyundai Motor Group's logistics and distribution subsidiary, said Thursday that it has equipped its automobile carriers with a fire suppression system to prevent potential incidents while delivering electric vehicles. The EV-Drill Lance system is designed to quench electric vehicle fires. High-pressure water flowing from a fire hydrant spins turbines, enabling the drill to pierce to the bottom of a car. Water can then flow into the battery pack and fully extinguish the fire

Rapper-singer Jessi apologized Wednesday following heavy backlash after a fan was assaulted by a man who was with her at that time. In a statement posted to her Instagram account, the Korean-American singer expressed regret and apologized. “I deeply apologize to the victim and his family for causing pain,” she said. “From the moment the incident happened until now, I have hurt many, including the victim, and left them feeling betrayed and angry due to my wrong actions, attitude