Samsung Electronics Co. said Friday it will buy back its own shares worth a combined 10 trillion won (US$7.16 billion) over the next year as part of efforts to boost its shareholder value following a recent slide in its stock price. In the buyback plan approved by the board of directors, a combined 3 trillion won of shares will be bought back within three months starting Monday and continuing until Feb. 17, the company said in a statement. For the remaining 7 trillion won, the company will decid

The Seoul Western District Court on Friday accepted an injunction filed by students and parents to suspend the validity of Yonsei University’s early admissions entrance exam in October, following allegations that exam questions were leaked prior to the test. The court ruled to “suspend the continuation of subsequent procedures” related to the early admissions exam until a ruling is made in a lawsuit demanding the exam be readministered. The decision effectively halts the announ

Ateez rolled out its 11th EP, “Golden Hour: Part 2,” on Friday, along with the music video for main track “Ice on My Teeth.” Not afraid to push the limits, the single adds hip-hop to sophisticated, calm sounds of strings, demonstrating even those seemingly unlikely to match can coexist beautifully when truly appreciated. “We were so committed to move forward, we’ve never expressed pride in what journey we have made,” said Hongjoong, “and wanted to

Lee Jae-myung pledges to appeal ruling, calling court’s conclusions 'not acceptable'

The Yoon Suk Yeol administration will uphold its commitment to the Paris Climate Accord throughout Donald Trump’s second term, despite mounting global concerns that the US president-elect may once again withdraw his country from the agreement, according to the Environment Ministry. Son Ok-ju, deputy minister of the Environment Ministry’s Planning and Coordination Office, stated, “Even with the Trump administration’s stance toward the Paris Agreement, the international ord

Hanjin Logistics, an affiliate of South Korean airline-to-logistics conglomerate Hanjin Group, is ramping up efforts to improve its fulfillment services and attract more corporate customers seeking to enter the US market. Earlier this month, CEO Noh Sam-seok and Emily Cho, president and chief marketing officer, traveled to the US for meetings at the company's local headquarters as they plan to expand the logistics firm's fulfillment business on the US east coast, according to the compa

South Korean design software developer Zyx Technology announced Friday that it has signed a memorandum of understanding with Chonnam National University, aiming to foster tech talent and strengthen collaboration. Under the agreement, the company said it will provide academic support, including free access to cutting-edge design software and opportunities for joint research and development of artificial intelligence software. As a member of the Innobiz Association, Zyx Technology has developed a

Yoon to meet Xi Jinping for first time in 2 years on sidelines of APEC summit in Peru

A man in his 70s from Busan was airlifted 300 kilometers to Jeju Island for emergency treatment after swallowing a piece of medical equipment during dental implant surgery. According to Jeju National University Hospital on Thursday, the man was receiving an implant procedure in Busan around 4 p.m. last Friday when a dental tool – a screwdriver – entered his airway and became stuck in his bronchial tubes. Paramedics attempted to find a hospital in the Busan area for a bronchoscopy pro

Korean tech giants Samsung Electronics and LG Electronics were recognized with a slew of prizes at the CES 2025 Innovation Awards for their newest products, ahead of the world’s largest tech trade show set to be held in Las Vegas in January. In this year’s program, Samsung won 29 awards, including four best of innovation products, while LG received 24 awards with three top innovation winners. The Consumer Technology Association organizes the annual competition honoring outstanding de