Retail giant Shinsegae Group saw its shares plunge on Monday as a controversial social media post from the group’s heir and Vice Chairman Chung Yong-jin sparked investor jitters. The company’s stocks shed 6.8 percent to close at 233,000 won ($196.23) Monday against the benchmark KOSPI’s 0.95 percent decline. The plunge in stock value comes after Chung made several politically charged remarks in recent months criticizing communism alongside pictures of Chinese President Xi Ji

In a congratulatory message released after actor Oh Young-soo was announced as the winner in the supporting actor in a series, limited series, or television movie category at the 79th Golden Globe Awards, President Moon Jae-in applauded the actor, saying, “His journey of acting for more than half a century eventually overcame borders and cultural differences, creating great emotional and lingering impressions on the world stage. I would like to express my respect and gratitude to actor Oh

Wanna One will officially drop a new song on Jan. 27, according to local media reports on Monday. 　 The song named “Beautiful Part 3” was unveiled at the 2021 Mnet Asia Music Awards last month. The 11-member act, except for Lai Kuanlin who is in China, reunited for the first time in about three years and presented the song at the awards ceremony. 　 It has been about three years and two months since the band put out a new song, and the date coincides with the day it announced that

LG Energy Solution said Monday that it would soon outcompete its bigger Chinese rival in the global race to develop electric vehicle batteries, amid market anticipation that the South Korean battery maker’s market debut will set a record later this month. “We’ve received more orders. We'll be overtaking our rival. And the market capitalization gap between us -- LG Energy Solution and CATL -- will also shrink. I certainly see opportunities,” LG Energy

  The year 2021 was a prolonged tug of war between struggles in our daily lives brought upon by the COVID-19 pandemic and efforts to return to pre-coronavirus life. But many Korean companies managed to enhance customer satisfaction amid the unprecedented pandemic situation, according to an annual survey by the Korea Productivity Center on Monday. The KPC’s National Customer Satisfaction Index, or NCSI, for 2021 logged 78.1 points, up 1.1 points from 2020 and the highest since th

Since his debut in classic Korean film “The Seashore Village” in 1965, Oh Young-soo, 77, has taken various roles in theatrical projects, drama series and films, eventually winning the award for best supporting actor at the 97th Golden Globe Awards for his role as Oh Il-nam in “Squid Game.” He is the first Korean actor to win a Golden Globe. “After hearing the news, I told myself that ‘you are a good guy’ for the first time in my life,” the actor

Two third of creditors must agree on SsangYong’s rehabilitation plan to complete M&A procedure

A former Samsung Electronics executive, who led patent prosecutions and litigations representing South Korea-based technology giant, was found to have turned against his previous employer with a patent suit. Synergy IP, founded by Samsung’s former vice president Ahn Seung-ho in 2020, was one of the plaintiffs that filed patent suits with the United States District Court for the Eastern District of Texas since November last year, according to a report by local media outlet Electronic Times

Discourse with renowned Chinese expert in American Studies

New song ‘Blessed-Cursed’ is band’s ‘best embodiment’

LAS VEGAS – Hyundai Motor’s first collaboration project with Boston Dynamics is expected to come by 2024, according to their executives, under the South Korean auto giant’s ambitious goal of creating a better future for humans. At the Consumer Electronics Show last week, Hyundai presented its vision for future mobility, with robots, not cars, taking center stage. Now keen attention is being paid to its collaboration work with Boston Dynamics, the robotics startup it acquired

A man convicted of killing three people in an arson fire at a motel in Seoul was sentenced to 25 years in prison, the Supreme Court of South Korea ruled Monday. The 71-year-old man was indicted on charges of setting a fire at a motel located in Mapo-gu, Seoul, in November 2020, which led to a total of eight casualties. The man demanded the owner of the motel give him alcohol, but the owner refused. The man, who was found to be already drunk, then set a fire that killed three people and injur

South Korea‘s vaccine pass mandate, which requires people to show proof of vaccination or a negative PCR test conducted within 48 hours to shop in large retail and department stores, became effective on Monday. According to the government, there will be a one-week grace period until Jan. 16 to reduce confusion. After the grace period, penalties can be levied on people who enter those facilities with expired vaccine passes, as well as facilities owners who accept them. People who go in