South Korean stocks rallied for second straight session Thursday on the back of strong foreign buying. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) increased 45.55 points, or 1.57 percent, to close at 2,945.27 points. Trading volume was moderate at about 523 million shares worth some 11.8 trillion won ($10 billion), with gainers outnumbering losers 756 to 139. Foreigners bought a net 886 billion won, while retail investors sold 915 billion

After 15 years of trying, Gallery Hyundai has finally made it to the prestigious Art Basel, where it is presenting works by Korea’s prominent experimental artists who emerged in the late 1960s, including Lee Seung-taek, Quac In-sik, Park Hyun-ki and Lee Kun-yong. Art Basel Miami Beach kicked off Monday (US time) with 253 of the world’s leading galleries from 36 countries showcasing works by some 4,000 artists. The art fair, which is being held in person, used to draw nearly a

From BTS, professors to Korea Herald reporters, new mutation is ruining December

Korea’s three-month plan for exiting pandemic restrictions is being threatened by a record surge in infections and the likely community spread of the omicron variant. On Thursday, Korea’s new cases reach a new record high of 5,266 -- topping 5,000 for the second day in a row -- while intensive care beds for COVID-19 patients at Seoul hospitals were more than 90 percent full. For the past month since the country abandoned the majority of its mitigation efforts in line with a new

Is Korea ready for the second wave of supply chain crisis?

Lee Jun-seok says he is not ‘boycotting’ duty because he was never given one

South Korean cultural icons including Oscar-winning actor Youn Yuh-jung, top comedian Yoo Jae-suk and K-pop bands BTS and aespa were among the six winners recognized at the 2021 Visionary Awards on Wednesday. The second edition of the annual awards, presented by South Korean media and entertainment giant CJ ENM, recognizes individuals who created new trends in the entertainment business and contributed to the spread of Korean Wave. The six winners -- Youn, Yoo, BTS, aespa, “Squid Game&r

Time running too short to untangle complicated interests of all parties

Science Ministry to provide AI, software learning programs to enlisted soldiers starting next year

North Korea will hold a key party meeting later this month as leader Kim Jong-un is set to mark 10 years in office, North Korean media said Thursday, with growing speculation that Pyongyang could unveil its policy toward Washington and Seoul for the next year.  The decision to hold a plenary session was made during a politburo meeting of the ruling Workers’ Party of Korea held on Wednesday, presided by leader Kim, according to the Korea Central News Agency. 　 The 4th plenary meetin

More listed units of South Korea's major business groups have adopted electronic voting and other types of voting this year than a year earlier in a bid to promote small shareholders' rights, the country's antitrust regulator said Thursday. As of May, 78.8 percent of 274 listed affiliates of the country's 62 major conglomerates, or 216 firms, had introduced at least one out of cumulative, written or e-voting systems, the Fair Trade Commission said in a report on large business groups' governanc

Three members of K-pop sensation BTS have sold shares in their management agency Hybe, realizing profits worth around 10 billion won ($8.49 million) in the last two months, according to the company’s announcement on DART, the Financial Supervisory Service’s electronic disclosure board, Thursday. Jin, J-Hope and RM dumped a total of 9.95 billion won-worth of stocks during regular trading sessions, which were gifted from the agency ahead of its market debut on South Korea’s mai

Being in love is like walking a thin line between the utmost happiness and constant anxiety, and rookie boy band EPEX talks about such roller-coaster of emotions in their new album “Bipolar Pt. 2: Prelude of Love.” Back with a vibrant and quirky title song “Do 4 U,” the eight members were more hyped up than four months ago when they first met with The Korea Herald for an interview following their debut with “Bipolar Pt. 1: Prelude of Anxiety.” Running the e