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KT to cancel W1tr of stocks by 2028 for corporate value
Yoon touts defense cooperation between S. Korea, Saudi Arabia
Despite funding cut, 50th Seoul Independent Film Festival to screen record no. of films
Sports ministry demands strong measures from KFA amid coach hiring irregularities
Rights watchdog rules abuse of seasonal workers as human trafficking
Man kills friend's wife in attempted theft of 100,000 won
Drunk driver arrested for fatal collision with cyclist
Kim Hee-sun wins Daesan Award with dystopian take on post-pandemic world
Pregnant woman forced to travel 200 kilometers to give birth
[Today’s K-pop] NCT127 announces world tour plan
Hybe faces potential revocation of ‘Top Job Creation Company’ status amid petition, allegations
Hanwha chief touts bigger global footing of asset management unit
Amid turbulence, Yoon to address nation in news conference Thursday
Alert issued after scrub typhus surge
Seoul eyes expanding foreign caregiver pilot program
Seoul shares down for 2nd day amid US election uncertainties
Harris, Trump face off as North Korea tests US on Election Day
Hyundai E&C wins contract for Bulgaria's nuclear project
Draft sentencing guidelines envision tougher penalties for animal abuse crimes
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LATEST NEWS
[Today’s K-pop] Mamamoo’s Moonbyul to hold solo concert
K-pop
Feb 15, 2022
Moonbyul of Mamamoo will perform two solo concerts in Seoul from March 5, according to agency RBW Entertainment Tuesday. Under the title “Director’s Cut: 6quence,” she will perform a series of songs including the tracks from her recent solo third EP “6quence.” The EP was her first solo album in two years and topped the iTunes albums charts in 20 regions. It sold over 70,000 copies in the first week. The concert will be similar to a movie that catches different
‘Kill Heel’ shows human nature in cutthroat home shopping world
Television
Feb 15, 2022
Television director No Do-cheol is certain that his upcoming tvN drama “Kill Heel” will surprise viewers with its powerful storyline and impressive performances from three renowned actors -- Kim Ha-neul, Lee Hye-young and Kim Sung-ryoung. “The straightforward depiction of human desire and greed was the most fascinating aspect about the series. After reading the script, I believed that this is not a characteristic found only in the home shopping sector. The show’s critica
Pre-event of 20th Director’s Cut Awards to be held on Thursday, Friday
Film
Feb 15, 2022
The 20th Director’s Cut Awards announced on Tuesday that it will hold its special pre-event Director’s Chair online on Thursday and Friday at 7 p.m., before the award ceremony takes place on Feb. 24. Director’s Chair is a panel discussion event that had been held in person with five nominated Korean directors for the award. However, the event organizer, the Directors Guild of Korea, said that this year it is holding it through Zoom, and audiences will be able to watch on bot
N. Korea has lowest economic freedom among 177 countries: report
North Korea
Feb 15, 2022
Pyongyang’s economic freedom score declines to 3 points out of 100
Tesla faces FTC sanction over alleged fiddling with battery performance
Industry
Feb 15, 2022
South Korea’s antitrust watchdog has sent a review report to US electric vehicle maker Tesla to notify its conclusion of an investigation showing that Tesla allegedly fiddled with battery performance in low temperatures. The report notified Tesla of violating advertisement laws by exaggerating the performance of its Model 3 vehicles. Tesla advertised that its Model 3 vehicles can drive up to 446 kilometers once fully charged, without informing customers that its driving range can decreas
S. Korea to urge New York City officials to take actions against anti-Asian crimes
Foreign affairs
Feb 15, 2022
The South Korean government plans to call formally on the New York City authorities to step up actions to counter a surge in crimes there against Asians in the midst of the COVID-19 pandemic, officials here said Tuesday. Chung Byung-hwa, South Korea's consul general in New York, will meet with Edward Mermelstein, New York City's commissioner for international affairs, on Friday to convey concerns over unprovoked attacks on Koreans and those of Korean descent. "(Chung) will deliver the Korea
NCSOFT 2021 net down 32.5% on increased costs
Industry
Feb 15, 2022
NCSOFT Corp., a major South Korean online and mobile game developer, said Tuesday its net profit decreased 32.5 percent in 2021 due to increased costs. Net profit stood at 395.7 billion won ($329.8 million) last year, compared with 586.6 billion won a year earlier, NCSOFT said in a regulatory filing. Operating profit came to 375.2 billion won, down 55 percent on-year from 824.8 billion. Annual sales fell 4.4 percent over the same period to 2.3 trillion won. Its increased spending on marketing
Seoul stocks down for 3rd day amid Ukraine risk
Industry
Feb 15, 2022
South Korean stocks extended their losing streak to a third session Tuesday, as investors' appetite for risky assets weakened amid heightening US-Russia tensions over Moscow's potential invasion of Ukraine. The Korean won sharply fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) lost 27.94 points, or 1.03 percent, to close at 2,676.54 points. Trading volume was moderate at about 575 million shares worth some 9.2 trillion won ($7.7 billion), with losers outnumb
Korea to draw contingency plans amid Ukraine tension
Economy
Feb 15, 2022
SEJONG -- Korea’s economic policymakers are mapping out contingency plans to minimize shocks from the possibility of worsening relations between Ukraine and Russia, the Ministry of Economic and Finance said Tuesday. Their plans are mainly focused on protecting export-oriented enterprises and the financial market by carrying out a variety of emergency countermeasures. Vice Finance Minister Lee Eog-weon presided over a task force meeting during the day to cope with the geopolitical risk. P
Posco Chemical offers EV experience program for children
Industry
Feb 15, 2022
Posco Chemical said Tuesday it ran an experience program where children can make miniature electric vehicles and charging stations and learn about their eco-friendliness. According to the refractory and secondary battery materials arm of South Korean steel giant Posco, it opened “Green Dream Class” at four children’s culture centers from Jan. 24 to Feb. 11 where Posco Chemical staff and executives participated as instructors and assembled miniature EVs and charging stations t
KakaoBank to launch AI mortgage service
Money
Feb 15, 2022
Apply for mortgage loans just by chatting with AI
COVID-19 deaths spike as S. Korea continues to report record case numbers
Social affairs
Feb 15, 2022
The number of COVID-19 related deaths in South Korea spiked in figures reported Tuesday, as cases continued to reach record levels. According to the Korea Disease Control and Prevention Agency, the country reported 57,177 new COVID-19 infections in the 24 hours leading up to midnight Monday, raising the total number of cases Korea has had to 1,462,421. The daily figure has been over 50,000 for six straight days amid the recent omicron wave, according to government data. The government said i
US says it is up to South Korea to provide military aid to Ukraine
Foreign affairs
Feb 15, 2022
The US said it is up to the South Korean government to decide on providing military support to Ukraine amid heightened threat of a potential Russian invasion of Ukraine. “That is a question for the South Korean government to answer,” Pentagon press secretary John Kirby said Monday (US time), when asked about what kind of military support Washington wants from Seoul as an ally in the face of Russian threats. Should Seoul want to assist Kyiv in a tangible way, Ukraine would welc
Sales of luxury goods surge 23% during pandemic: Lotte Members
Industry
Feb 15, 2022
Lotte Members, the membership service for Lotte Group companies, said Tuesday it has seen a 23 percent surge in transactions for luxury goods since the onset of the coronavirus pandemic. According to a study based on transaction data of its L.Pay mobile payment system and L.Point membership points, sales of luxury goods in 2020 and 2021 increased 23 percent compared to the same figures from 2018 ad 2019. Among age groups, consumers in their 20s showed the highest 70.1 percent increase in lux
Presidential candidates travel across country, official canvassing period kicks off
Politics News
Feb 15, 2022
Lee and Yoon pick Seoul-Busan route, Ahn goes east, Sim goes west
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