South Korea's leading contract development and manufacturing organization Samsung Biologics said Monday it will participate in Europe’s largest bio conference, the Convention on Pharmaceutical Ingredients Worldwide 2024. The CPHI, one of the biggest bio conferences, is held annually in major European markets. This year, it takes place in Milan from Tuesday to Thursday, with over 2,400 companies from 166 countries and 62,000 attendees expected to join. Samsung has been setting up its e

The primary goals for South Korean divorcees when they remarry include economic stability and a chance to revitalize their lives, a recent survey by a local matchmaker showed. Only-You, a matchmaking firm dealing exclusively with divorcees, conducted a survey of 258 men and 258 women to find out what they are looking for most in starting a life with a new spouse. Of the women, 35.3 percent said they hoped to improve their financial situation, while 25.2 percent said they were looking for stabi

North Korea sent yet another fleet of garbage-filled balloons southward early Monday, marking the 25th such provocation this year and potentially adding to the property damage and injuries the balloons have caused already. The Joint Chiefs of Staff said that the balloons, presumed to be filled with trash, are projected to move toward the greater Seoul area, Incheon and Gyeonggi Province. The JCS advised citizens not to approach the balloons and warned of potential danger when they fall to the gr

The daughter of previous President Moon Jae-in has come under investigation by police concerning a drunk driving accident, which has sparked criticism from the conservative bloc against the liberal president that had called driving under the influence of alcohol "an action that amounts to murder." Seoul Yongsan Police Station said that 40-year-old Moon Da-hye drove her car into a taxi at around 2:50 a.m. Saturday in Itaewon-dong, Seoul, while driving drunk. Moon's blood alcohol co

Proposed Bill: Partial Amendment to the Income Tax Act Proposed by Rep. Lim Kwang-hyun (Democratic Party of Korea) ● To prevent a contraction in the domestic stock market with the implementation of the financial investment income tax in 2025, this amendment proposes increasing the basic deduction for financial investment income tax from 50 million won ($37,200) to 100 million won. Proposed Bill: Partial Amendment to the Distribution Industry Development Act Proposed by Rep. Oh Sae-hee (Democra

South Korea's media regulator is set to look into TikTok over a potential violation of the nation's personal data protection law, an official at the regulator said Monday. TikTok is accused of automatically requiring its users to receive advertisements, instead of letting users give their consent to receive such content under the Korean law, according to industry sources. The Korea Communications Commission suspects that TikTok may be violating the Act on Promotion of Information and C

President Yoon Suk Yeol's approval rating inched up to 27.9 percent from a week earlier but remained below the 30 percent mark for the second consecutive week, a survey showed Monday. According to the survey by Realmeter and commissioned by a local news outlet, the positive assessment of Yoon's performance rose 2.1 percentage points from the previous week, when it recorded the lowest level in Realmeter surveys since he took office in 2022. The negative assessment of Yoon fell 2.7 perce

North Korea has denounced the North Atlantic Treaty Organization's condemnation of military cooperation between the North and Russia, warning that the entity could face "tragic consequences" if it continues to pursue an anti-North Korea stance. NATO issued a statement last week that condemns North Korea and Iran for "fueling" Russia's war of aggression against Ukraine with their direct military support to Moscow. North Korea's foreign ministry on Sunday denounc

The National Assembly is set to kick off its annual inspection of the government and state agencies Monday for a 26-day run. On the first day of the audit, 10 of the Assembly's 17 standing committees will hold inspection hearings to scrutinize the management of the central and regional governments as well as their agencies. The Legislation and Judiciary Committee, the Foreign Affairs and Unification Committee and the Public Administration and Security Committee will be among the 10 committe

South Korea's foreign reserves increased for the third straight month in September on the back of the increased value of non-US dollar assets and investment gains, central bank data showed Monday. The country's foreign reserves had come to $419.97 billion as of end-September, up $4.05 billion from the previous month, according to the data from the Bank of Korea. The central bank attributed the increase to a rise in the converted value of non-dollar assets amid the weak greenback and in

Seoul stocks opened higher Monday led by gains among battery and automotive shares. The benchmark Korea Composite Stock Price Index rose 0.21 percent, or 5.33 points, to 2,575.04 in the first 15 minutes of trading. Battery manufacturers and automakers led the overall gains, with leading battery maker LG Energy Solution jumping 2.85 percent and top automaker Hyundai Motor adding 1.46 percent. Financial firms also gained traction, with KB Financial rising 1.57 percent and Shinhan Financial up 0.55

President Yoon Suk Yeol began his state visit to the Philippines on Sunday by honoring fallen soldiers who fought in the 1950-53 Korean War and meeting with Korean nationals in the nation. Yoon visited the Korean War Memorial Pylon at the Heroes' Cemetery in Manila with first lady Kim Keon Hee on the first day of his two-day trip focused on strengthening economic and security ties. "South Korea and the Philippines have maintained close, friendly relations, and the Philippines was the first

Chelsea Football Club has been named the most expensive soccer team in the world, according to the CIES Football Observatory, a Swiss research center. In its latest report, Chelsea ranked first among the top 100 clubs for spending the most on transfer fees. Since American businessman Todd Boehly acquired the club from Roman Abramovich in 2022, Chelsea has invested approximately $1.39 billion on player transfers. Despite this heavy expenditure, the club finished 12th in the 2022-23 Premier Leag

It seems the nation is engulfed in a relentless maelstrom. Unseemly rumors and speculations surrounding Kim Keon-hee, the wife of President Yoon Suk Yeol, continue to boil at a level in which even state governance is disrupted. Yet, the first lady shows no sign of curbing her behavior. Nor does Yoon exhibit anything but single-hearted dedication to protecting her. Yoon’s devotion defies his signature motto of “common sense and fairness” as the nation’s top prosecutor. It