Virtual asset industry will create 40,000 new jobs, predicts Boston Consulting

LTI Korea expands its scope to translating all Korean-language content, not just literature

South Korea announced Tuesday it will have 63 athletes compete in six sports during the upcoming Beijing Winter Olympics. It will be the country's third-largest athletic delegation to the Winter Games, behind 146 athletes for the 2018 PyeongChang Winter Olympics on home soil and 71 athletes for the 2014 event in Sochi, Russia. South Korea will also have 61 officials accompanying those athletes during the Feb. 4-20 competition. The Korean Sport & Olympic Committee has said the goal is to w

SK Broadband Co., a major South Korean internet service provider (ISP), on Tuesday launched a new all-in-one platform that offers content from five streaming services, including Apple TV+. The company's latest PlayZ platform allows users to search and watch media content from five over-the-top services, including homegrown players Wavve, Tving and Watcha, as well as Apple TV+ and Amazon Prime Video. Users must be subscribed to each streaming service to get access to the content. Streaming gia

South Korea has detected no signs of North Korea trying to restore underground tunnels at its purportedly demolished Punggye-ri nuclear test site despite indications of maintenance work there, a Seoul official said Tuesday. The official's assessment came after Olli Heinonen, a former deputy director-general at the International Atomic Energy Agency, told the Voice of America (VOA) earlier this week that the North is maintaining the site as evidenced by "trails of the cars and cleaning of s

Main opposition presidential candidate Yoon Suk-yeol said Tuesday he will scrap the nuclear phaseout policy and reduce the proportion of fossil fuel generation by a third to cut fine dust emissions by more than 30 percent. Yoon of the conservative People Power Party made the remarks while announcing his election pledges on the environment and agriculture at the party's headquarters in Seoul. Yoon said he, if elected president in March, will do his utmost to reduce fine dust pollution by abolis

The number of South Koreans who moved to different residences in the country declined by the most in nine years last year amid fewer housing transactions, data showed Tuesday. The number of people who changed their residences fell 6.7 percent on-year to 7.21 million in 2021, according to the data compiled by Statistics Korea. It marked the sharpest on-year fall since 2012, when population mobility declined 7.6 percent. The decline was mainly blamed on the base effect as people's mobility shot

JEJU -- More than 200,000 people are expected to travel to Jeju Island during the upcoming Lunar New Year holiday despite growing concerns over the spread of the omicron coronavirus variant, according to travel industry officials Tuesday. According to the Jeju Tourism Association, the number of visitors to the resort island during the extended holiday period, from Saturday to Feb. 2, is expected to reach 207,000, up 35.2 percent from a year ago. The number of scheduled Jeju-bound flights durin

Parliamentary Speaker Park Byeong-seug will visit China next month and attend the opening ceremony of the Beijing Winter Olympics, the National Assembly said Tuesday. He is scheduled to visit Beijing from Feb. 3-6 at the invitation of Li Zhanshu, chairman of the Standing Committee of the National People's Congress. They will discuss ways to boost exchanges between the parliaments of the two countries, which mark the 30th anniversary of diplomatic relations this year, the National Assembly said

Gwanghwamun Square in central Seoul will reopen in July after completing over 1 1/2 years of renovation that will more than double the total area, including tripling the space for trees and other plants, the city government said Tuesday. The square, located in front of the royal Gyeongbok Palace and the US Embassy, has been one of the must-visit places for tourists and citizens. Since November 2020, construction has been under way to expand the square from 18,840 square meters to 40,300 square

South Korean Trade Minister Yeo Han-koo will visit the United States from this week to discuss bilateral cooperation on global supply chains and other trade issues, the ministry said Tuesday. During his weeklong visit from Tuesday (US time), Yeo will meet his US counterpart Katherine Tai, lawmakers and governors to bolster economic ties between the countries. Yeo is scheduled to hold talks with Tai on Thursday to exchange views on the 10-year-old bilateral free trade agreement, the US-led Indo

With or without their captain and best player, South Korea will try to extend their World Cup appearance streak to 10 with a win over Lebanon when the final Asian qualification round resumes this week. South Korea will travel to Sidon for their Group A match against Lebanon at Saida Municipal Stadium on Thursday. The kickoff is at 2 p.m. local time, or 9 p.m. in South Korea. With six out of 10 matches in the books in the ongoing round, South Korea are in second place in Group A with 14 points,

South Korea's military on Tuesday reported 78 additional COVID-19 cases, including 67 breakthrough infections, raising the total caseload among its personnel to 4,020. Of the new cases, 63 are from the Army, seven from the Marine Corps, four from units under the direct control of the defense ministry and four from the Air Force. The Army infection count included 30 trainees based at a boot camp in Nonsan, 213 kilometers south of Seoul. Currently, 406 military personnel are under treatment. Of

SK Telecom Co., South Korea's top wireless carrier, said Tuesday it will speed up the development of urban air mobility (UAM) services. In 2020, South Korea unveiled its plan to commercialize UAM services by 2025 to help overcome urban traffic congestion by using unmanned drone taxis. Last year, SK Telecom signed a partnership with local defense company Hanwha Systems Co., Korea Airports Corp. and the Korea Transport Institute to develop the infrastructure and aircraft required for UAM service