High-income households in South Korea -- those who earn between 70 million won ($59,000) and 120 million won before tax annually -- saw their assets increase by 19 percent, or 150 million won on average, from last year, a study showed Sunday. According to the study conducted by Woori Financial Research Institute, which is run by Woori Financial Group, its 4,000 clients classified as “mass affluent” saw their assets rise to 917 million won on average.  The size of debt on avera

Jeonbuk Hyundai Motors have now gone where no South Korean football team has gone before: they became the champions of the K League 1 for a record fifth straight season Sunday. Jeonbuk clinched their historic title with a 2-0 victory over Jeju United at Jeonju World Cup Stadium in Jeonju, some 240 kilometers south of Seoul, finishing with the league-best 76 points. Ulsan Hyundai FC, the only other team with a chance to win the title in the top league Sunday, blanked Daegu FC 2-0 but still fini

US Ambassador to the United Nations Linda Thomas-Greenfield will attend a virtual conference on UN peacekeeping hosted by the Seoul government next week, according to her office. Thomas-Greenfield will lead the US delegation to the virtual 2021 UN Peacekeeping Ministerial hosted by Seoul on Dec. 7 and 8 to reaffirm US commitment to improving peacekeeping operations, the US Mission to the UN said Friday (local time). "UN peacekeeping missions are one of the most effective tools the globa

Food delivery apps saw their users decline after South Korea entered the first phase of the “living with COVID-19” scheme last month. But amid growing competition and a push by delivery apps for “one order per trip” to promise a speedy service, a delivery rider shortage is likely behind the rising cost of your order, industry sources said. According to IGAWorks’ mobile index, Android phone users who used delivery apps Baemin and Yogiyo dropped by 8.9 and 7.5 perc

Concerns grow as government widens scope of businesses subject to vaccine pass

A longtime staple of Seoul’s indie scene, Live Club Day resumed Friday after a two-year hiatus, at CJ azit Gwangheungchang in Mapo-gu. Normally a monthly one-day event, the Live Club Day is being this time in a festival format running until Dec. 21. Over the three weeks, 32 bands will perform in concert halls and clubs in Hongdae, long the center of live indie music in Seoul. Singer-songwriters Park So-eun, Song Ye-rin and vocalist Lee Luli starred on the opening day. It was the first

Companies are facing a stricter and more standardized ESG business environment. Recently, the Korean state-run bodies have released the K-ESG guidelines, or guidelines for domestic players to abide by. As 2021 ends, reputable ESG rating agencies are publishing ESG scores in Korea. One of the most famous rankers globally is MSCI, and its ESG ratings recently added the new climate change section as part of their rating systems. The newly included ”Implied Temperature Rise“ element trac

An advertisement campaign from Daesang took home two honors at the Korea Advertising Awards this year, according to the food company on Sunday. Founded in 1994, the Korea Advertising Awards are considered the most prestigious awards in the industry here. Some 2,000 advertisements are submitted for consideration each year, the organizers said. An advertisement series of Daesang’s “Anjuya” products -- ready-made side dishes to be paired with alcohol -- received two nominatio

New variant brings back strict office quarantine rules again, executives mull trip to CES 2022

South Korea should implement a “new Western policy” to further strengthen ties with Israel, Israeli Ambassador to Korea Akiva Tor proposed at the Eurasian Economic and Cultural Forum on Dec. 1. Tor recommended forging a new defense alliance, as Korea and Israel are both democracies facing severe nuclear and missile threats. “We need a new Western policy for Korea and a new Eastern policy for Israel: Korea should seek to form an alliance in West Asia based on relations with t

Intelligence agency says North Korea continues cyber operations against Seoul

South Korea moved to tighten limits on gatherings again and expanded the use of mandatory vaccine passes, as new COVID-19 cases in Korea have hovered around the 5,000 mark for several days. According to health authorities, 5,128 new cases were tallied as of midnight Saturday, pushing the cumulative total to over 473,034. Although the latest figure was down 224 from the previous day, it is the highest the country has recorded for a Saturday, when figures typically drop due to the smaller numbe

South Korea's military reported 24 additional COVID-19 cases, including two dozen breakthrough ones, Sunday amid growing concerns over the new omicron variant, raising the total caseload among the armed forces to 2,512. Military personnel from Army, Navy, Air Force and direct units under the defense ministry tested positive for the virus, the military said. Among them, 22 contracted the virus at least two weeks after completing their vaccinations, bringing the total number of breakthrough inf

Rival ruling Democratic Party denounces Yoon as ‘dependent’