K-pop sensation Monsta X welcomed the start of the winter season with  their 10th EP, “No Limit,” on Friday, returning in nearly five months after their previous work. In an online press conference Friday, the six-member group described the latest album as “perfect,” and one that “delineates Monsta X’s identity as a group that shines in an era where there’s an infinite supply of competitors and how they unlimitedly keep pushing the envelope in an

Jeong promises to meet with families of people who died from suspected side effects

Q3 sees largest shipment of 899,000 units

Hite Jinro, the country’s biggest beer and soju maker in terms of market share, is expected to become the “main beneficiary” of the liquor industry as the country shifts back to normal under its “living with COVID-19” scheme, an industry analyst said Friday.  “With the resumption of entertainment facilities operating under the ‘living with COVID-19’ scheme, the recovery of related sectors in the metropolitan area is a sign of upward momentum

Global investment firm Carlyle Group’s buyout fund Carlyle Asia Partners V has inked a deal to acquire 100 percent ownership of South Korea’s No. 2 coffee chain, A Twosome Place, officials said Friday. The final agreement followed negotiations between Carlyle and Hong Kong-based Anchor Equity Partners, which owned the franchise. The exact value of the takeover deal has not been revealed but investment banking sources estimate that it is worth between 700 billion won ($592 million) a

Singapore Airlines celebrated the kickoff of the vaccinated travel lane between South Korea and Singapore with Flight 601 during a commemorative ceremony earlier this week. The event was held Tuesday in front of Gate 23 of Incheon International Airport’s Terminal 1. The ceremony was attended by Eric Teo, Singaporean ambassador to Korea; Jeon Hyoung-wook, vice president of the operations division at Incheon International Airport Corporation; Xavier Ho, general manager at Singapore Airline

A groundbreaking ceremony will take place on Friday for a new international airport in Cusco, Peru, which will serve as a gateway for visitors to Machu Picchu, the Korea Airports Corporation said Friday. The event will be attended by Peruvian President Pedro Castillo, Peruvian Minister of Transport Juan Francisco Silva, Korea Airports Corporation CEO Son Chang-wan, and officials from South Korea’s Transport Ministry and Hyundai Engineering & Construction. As part of the government-to

New song shows how much he likes hanging out with his friends

Yoon Seok-youl, the presidential candidate of the main opposition People Power Party, vowed on Friday to enhance ties with China if he becomes president.  Yoon made the remarks during a meeting with Chinese Ambassador Xing Haiming at the party’s headquarters in Yeouido, western Seoul, during which he stressed that South Korea and China are each other’s most important trade partners and that next year marks the 30th anniversary of the establishment of diplomatic ties between the

South Korean stocks snapped their three-day losing streak Friday, as investors sought to buy oversold stocks after the recent fall in the local stocks. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 23.64 points, or 0.8 percent, to close at 2,971.02 points. Trading volume was moderate at about 649 million shares worth some 10.9 trillion won ($9.2 billion), with gainers outnumbering losers 431 to 403. Foreigners bought a net 231 billion

A senior official of South Korea's financial regulator on Friday urged major banks to determine their lending rates based on "best practice" and make improvements in relevant procedures if necessary. Lee Chan-woo, first senior deputy governor of the Financial Supervisory Service (FSS), made the remark in a meeting with officials of eight banks handling credit affairs in Seoul amid growing worries that the recent steep hike in loan rates could add to the financial burden on households

Former President Lee Myung-bak on Friday lost a lawsuit aimed at reversing the prosecution's sell-off of his home in southern Seoul as part of fines handed down to him for corruption charges, officials said. Lee, who served as president from 2008 to 2013, is currently serving a 17-year jail sentence over embezzlement and bribery convictions. He was also handed a fine of 13 billion won ($11 million) and an additional forfeiture of 5.7 billion won. The Seoul Administrative Court ruled against Le

  Most taxpayers will not be subject to the comprehensive real estate holding tax, which was earlier raised to prevent speculative property purchases, the government said Friday in a bid to ease growing public concerns as this year’s payment period approaches.  “Criticism has risen that a large number of ordinary people will be charged with higher rate taxes. As for such exaggerated concerns, I would say bills of comprehensive real estate holding taxes will not be delivere