Lotte Group's stock plummeted to record lows on rumors of a liquidity crisis, but experts claim these concerns are overstated and emphasize the need for better debt control. The holding company’s stock closed at 20,550 won ($14.80) on Monday, down 6.6 percent from the previous day, while Lotte Chemical saw the sharpest decline among its subsidiaries, falling 10.22 percent to 65,900 won and reducing its market capitalization to 2.82 trillion won, a 15-year low. Both stocks hit 52-week

South Korean design software developer Zyx Technology announced Tuesday that it has signed a memorandum of understanding with Jeonbuk National University to nurture future software talent in North Jeolla Province. Under the partnership, ZYX Technology plans to offer ZYX CAD licenses worth a combined 1 billion won ($720,000) over the next three years, while carrying out research and development in the AI software sector. ZYX CAD is a versatile computer-aided design software that leverages multipl

South Korean stocks rose for the second straight day Tuesday following a sharp gain the previous session ahead of the release of AI giant Nvidia's third-quarter earnings. The local currency rose for the third consecutive day against the US dollar. The benchmark Korea Composite Stock Price Index climbed 2.88 points, or 0.12 percent, to close at 2,471.95. The main index soared 2.16 percent Monday, marking the largest gain since Sept. 26. Trade volume was moderate at 401.2 million shares worth

NEW HAVEN, Connecticut — At Yale University, K-pop is not just a global music phenomenon -- it is the subject of serious academic inquiry. During the recent two-day K-Pop: Musical Production and Consumption conference on Thursday and Friday, 160 participants gathered to explore the genre’s history, industry dynamics and cultural impact. Among them were students from one of Yale’s five K-pop-related courses, including a class taught by Grace Kao, an IBM professor of sociology an

The inaugural Busan International Children’s Book Fair will be held at Bexco in Busan from Nov. 28 to Dec. 1, with “everyone in the children’s book field participating,” organizers said at a press conference in Seoul on Tuesday. The event is the country’s first book fair dedicated to children’s literature. The fair will host 193 publishing companies from 16 countries, featuring over 150 programs, including book exhibitions, talks, seminars and hands-on worksho

The appointment of Lee Han-woo, head of Hyundai Engineering & Construction's housing business division, as its new executive vice president and CEO marks a generational shift as Lee becomes the company's first CEO born in the 1970s. Born in 1970, Lee joined the company in 1994 and has held a range of leadership roles over the past 30 years, including head of the strategic planning division. As the incoming CEO, he is expected to enhance Hyundai E&C's global portfolio in ci

Amid intensifying competition for chip supremacy, Korean lawmakers are pushing to lift the national cap on working hours to give chipmakers more flexibility. The ruling party's proposal, however, has sparked mixed reactions, with critics labeling it "regressive." In South Korea, home to the world's top memory chip makers Samsung Electronics and SK hynix, employees are prohibited from working more than 52 hours per week -- consisting of 40 regular hours and up to 12 hours of o

"Homepage masters," also known as “Homma” among K-pop fans, are superfans who, armed with professional cameras with sophisticated lenses, take high-quality pictures of their favorite artists. These superfans follow their artist’s official schedules such as fan meetings, concerts, end-of-the-year awards ceremonies and world tours. They use the pictures taken at these events to create content of their favorite artists, which gets redistributed by other fans to different

LG Energy Solution ups ante in supply talks with Hyundai Motor

For more than a century women-only unis thrived, but debates on their existence, future roles anger students

Police are seeking an arrest warrant for a woman in her 40s accused of killing her recently born 7-month-old twins, citing the stress of caring for them alone, officials said Tuesday. The suspect was taken into custody on Monday after she called police at 12:40 p.m. to turn herself in. Earlier in the day, the woman allegedly suffocated the infants with a blanket at around 8:30 a.m. in their home in Yeosu, South Jeolla Province, while her husband was at work, according to Yeosu Police. Authoritie

The private sector should take the initiative in South Korea’s space development, currently led by state-run institutes, and foster the ground equipment and satellite communication service industries for the country to ascend as a space powerhouse, a report suggested Tuesday. The Federation of Korean Industries, a Korean business group, examined the current status of the aerospace industry and suggested development plans through a report commissioned by Kwak Shin-woong, a professor at Kook

By Jang Hye-lim The return of President Donald Trump signals a transformative moment for the global semiconductor industry. Geopolitical tensions, trade restrictions and rapid technological advancements are reshaping this critical sector. South Korea's semiconductor giants, Samsung Electronics and SK hynix, are global leaders in the memory chip market, but maintaining their dominance in this evolving landscape will require strategic adaptability. They face unprecedented challenges as they

Police are pushing to introduce driver’s licenses dedicated specifically for personal mobility devices, such as electric scooters or motorized bicycles, according to the Korean National Police Agency. “The agency is planning to derive a reasonable proposal by January next year at the latest, after conducting surveys and consultations with related agencies and organizations by the end of this year,” a KNPA official told the press on Tuesday. Currently, three methods are being co