Seoul shares closed nearly flat Friday as investors' bargain hunting limited declines amid lingering uncertainties, including a possible slowdown in US rate cuts. The local currency gained against the US dollar, trading at the 1,300 won level as of 3:30 p.m. for the first time in four days. The benchmark Korea Composite Stock Price Index edged down 2 points, or 0.08 percent, to close at 2,416.86. The main index briefly fell below the psychologically significant 2,400 level at one point. Tra

Current CEO Chang Jae-hoon promoted to conglomerate’s vice chair

Icelandic-Danish artist Olafur Eliasson unveiled his new work “Breathing earth sphere” on Friday in Sinan county in South Jeolla Province, South Korea, as part of the county’s public art project. Known for integrating natural phenomena with human sensory experiences by using elemental forces such as light, water, and air, Eliasson's new work resonates with his ongoing exploration of the natural world, particularly synthesizing the inherent characteristics of Dochodo, one o

Registration for a free classical concert at Deoksugung, featuring a local ensemble of a violinist, cellist and pianist, starts Monday. On Nov. 27, violinist Song Ji-won, cellist Lee Kyung-jun and pianist Son Jung-bum will present three works from Czech composer Antonin Dvorak’s -- Op. 11, Op. 68/5 and Op. 90 -- in a biannual music festival at the Joseon-era (1392-1910) palace’s Seokjo Hall, a Western-style neoclassical stone building completed in 1910. The musicians come from the Ku

Performances of traditional Korean music and dance will take place later this month in Argentina to reciprocate a tango performance by dancers from the South American nation last year in Korea. The National Intangible Heritage Center, run by the Korea Heritage Service, will host the performance “K-Intangible Heritage Festival: Noldagasena” twice at the Central Theater of Salta and once at the National Sarmiento Cultural Center in Buenos Aires on Nov. 16, 17 and 24. “Noldagasena

Stray Kids will adorn the end of the year with the release of their new album, “Skzhop Hiptape,” on Dec. 13. The group announced Friday via social media the upcoming release of the new album by unveiling its first teaser, showcasing graphic artwork. “Skzhop Hiptape” is a creative combination of the group’s initials with “hip-hop.” It suggests that the album will feature the type of hip-hop music that defines Stray Kids. The teaser clip shows two glowing

Jin of BTS released his first solo album, “Happy,” on Friday. The album explores the journey of finding happiness and features themes of love, excitement, courage and positivity. Through the album, Jin describes himself as a "ray of sunshine," hoping listeners will find happiness through his music. “It’s meaningful to release a solo album. I hope that Army (the BTS fandom) enjoys it. I’d like for everyone who listens to this album to feel happy. This album

South Korean police have dismantled a massive online gambling ring worth 4 trillion won ($2.84 billion), apprehending 50 suspects accused of running the online operation since 2019 and employing deepfake technology to lure new users, according to the Ulsan Metropolitan Police Agency on Friday. According to police, out of 50 suspects, 13 have been arrested, including the website operator in his 40s. The remaining 37 have been forwarded to prosecutors. From October 2019 until March 2024, the 50 su

Newly elected leader pledges to respect junior doctors, students' voices in handling standoff

Hyundai Motor Group has donated eight Ioniq 5 electric vehicles to the United Nations World Food Programme to support its humanitarian missions with cleaner, more sustainable transportation, the automaker said Friday. As the world’s largest hunger-relief organization, WFP is at the forefront of efforts to end food insecurity and malnutrition, particularly in areas affected by conflict and extreme poverty. Through this partnership, Hyundai and WFP aim to make humanitarian aid efforts more e

New chairman's ties with Trump expected to boost Hanwha Aerospace's global standing

On the day of South Korea's high-stakes college entrance exam, known as Suneung, police go above and beyond to ensure that no test-taker misses this once-a-year opportunity. However, not everyone is convinced that this level of police involvement is necessary, particularly when it comes to tasks that seem more like personal favors, such as escorting latecomers and delivering identification documents. According to the National Police Agency on Friday, for this year’s Suneung, held on