The benchmark Kospi rose Wednesday on stock purchases led by institutions and retail investors, who guarded against a sell-off by foreign investors, as investor appetite appeared affected little by developments in the Russia-Ukraine standoff. The Kospi ended 0.47 percent, or 12.74 points, higher than Tuesday’s closing at 2,719.53, reversing the last two days of drops. The index reached an intraday high of 2,729.56 and low of 2,705.31. Institutions and individuals snatched up shares

Cheong Wa Dae is considering various possibilities, but not military support or dispatch of troops

Busan Biennale 2022 will kick off Sept. 3 across Busan with the theme of “We, on the Rising Wave,” exploring the history of the port city located at the southeastern tip of the country. The 65-day biennale will be led by artistic director Kim Hae-ju, a former deputy director of Art Songe Center, who participated in Busan Biennale 2006. The biennale will look into how the country’s second largest city has evolved, according to the Busan Biennale Organizing Committee on Wednesd

PYEONGCHANG, Gangwon Province — Four years ago this week, the PyeongChang Winter Olympics came to a grand finale. During the Games, South and North Korea enjoyed a moment of peace, with athletes from either side of the Demilitarized Zone marching together during the opening and closing ceremony. It was here in Gangwon Province that the two Koreas also fielded a unified team for the first time in Olympics history, with their joint women’s hockey team. 　 Preceded by a year of nuclear

ATKO planning, a Korea-based sustainable leather manufacturer, said Wednesday it has supplied recycled leather to Hyundai Transys’ future mobility seat concept, which was unveiled at the Lineapelle International Leather Fair held in Milan this month. The Lineapelle leather show is the largest of the kind and lays out the future vision of the automotive industry. This year, the trade show was held under the theme “Shift to Regenerative Mobility”, latching onto the global trend

SEJONG -- A longer-than-expected standoff between Ukraine and Russia involving a possible war could deal a severe blow to the Korean economy, Vice Finance Minister Lee Eog-weon said Wednesday. During a task force meeting in Seoul, Lee said that particular impacts have yet to be seen in the local market at the current stage, despite the escalating tension between the two countries. “But (worsening geopolitical risk) over a long period would have negative effects on the nation’s over

Top actor Kim Hye-soo will make her Netflix debut Friday in yet another legal drama, “Juvenile Justice,” following the 2020 SBS’ courtroom drama series “Hyena.” “Before ‘Juvenile Justice,’ I thought I continued to have an interest in juvenile delinquency. After studying real cases, learning from the juvenile court judges and taking the role of Sim Eun-seok, a judge who despises juvenile offenders, I learned that my interest was only the tip of the

The CEO of language data platform startup Flitto, Simon Lee, also known as Lee Jung-soo, shared his insights on how his company has integrated the metaverse into their everyday work, during an event held by the Corea Image Communication Institute Tuesday. The translation platform’s employees are currently using the beta version of the metaverse platform Metapolis, created by Korean real estate brokerage startup Zigbang, as a virtual office. “From 10 a.m. to 7 p.m. around 140 peopl

Choi Min-sik is returning to the big screen as a genius mathematician from North Korea in “In Our Prime,” which has been promoted as the Korean version of Gus Van Sant’s American classic “Good Will Hunting.” “Our film can’t be compared with ‘Good Will Hunting’ and Robin Williams,” Choi said humbly during a press conference held after a press preview at Lotte Cinema Konkuk University on Tuesday. “I remember how moving that movie w

GS Retail, the operator of Korea’s convenience store chain GS25, said Wednesday it will deploy chicken-frying robots, joining the recent race to automate food manufacturing. The company forged a partnership with Roboarte, the food tech startup behind Robert Chicken that uses robot arms to fry chicken. GS25 plans to use the startup’s robots to fry frozen chicken from its own brand Chicken 25. “The robot arms will automatically put the bucket full of frozen chicken in a frying

South Korean stocks climbed Wednesday, in the wake of the United States and its European allies' announcement of financial sanctions against Russia over the move to dispatch Russian troops to Ukraine. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) advanced 12.74 points, or 0.47 percent, to close at 2,719.53 points. Trading volume was moderate at about 527 million shares worth some 9 trillion won ($7.5 billion), with gainers outnumbering losers

Retail giant could turn Seoul's financial district into new shopping mecca with Starfield, Josun brand, but faces rate hike risk, market downturn, experts say

Ruling party presidential candidate Lee Jae-myung urged the government on Wednesday to ensure the safety of South Korean nationals and businesses in Ukraine amid the escalating security crisis there. Lee of the liberal Democratic Party also called on relevant countries to do everything for a peaceful resolution to the crisis, which has intensified since Russian President Vladimir Putin ordered troops into two breakaway regions of Ukraine. "The situation in Ukraine is alarming," Lee wro