SEJONG -- South Korea’s industrial output and facilities investment declined on-month, though the two sectors also recorded positive growth on-year, reflecting economic uncertainty under constant pressure of the pandemic, data showed Tuesday. The industrial output decreased by 1.9 percent in October from a month earlier, which marked the highest negative growth since it posted minus 2 percent in April 2020. Production in the manufacturing segment, including automobiles and metals, decrea

US permanently stations previously rotational units in S. Korea

Amid the global transition to electric vehicles, EV makers are moving fast to set up charging infrastructure in Korea not only to increase their sales but to gain dominance in a country where a no clear market leader has surfaced yet. For automakers, building recharging points, which are still in the nascent stage here in terms of both numbers and maintenance, has become pivotal to overcome EVs’ general and biggest weakness –- a short driving range.  According to the governmen

Expectations are high for business opportunities in the Thatluang Lake Special Economic Zone, ahead of a bullet train launch next month to connect Laos and China

Prosecutors on Tuesday indicted the mayor of Seongnam, south of Seoul, on charges of providing special favors to a police officer in return for receiving insider information about a police investigation into her alleged violation of the Political Funds Act. Seongnam Mayor Eun Soo-mi is accused of giving a 450 million won ($379,000) streetlight replacement project to an unidentified company in October 2018 at the request of the police officer who was in charge of a police probe into her case. A

Mnet’s upcoming dance competition show “Street Dance Girls Fighter” is aiming to continue growing interest in dance by reviving the premise of the cable channel’s hit program “Street Woman Fighter,” this time with talented teenage female dance crews. The program will feature dance crews comprised of high school girls competing to win a 10 million-won ($8,420) prize. Top-tier female crews -- YGX, Lachica, Want, WayB, Coca N Butter, Prowdmon, HolyBang and Hook

South Korea has shipped 539,000 doses of AstraZeneca's COVID-19 vaccine to the Philippines to help the Southeast Asian nation address its vaccine shortages, Seoul's foreign ministry said Tuesday. An airplane carrying the jabs departed from Incheon International Airport, west of Seoul, earlier in the day and will arrive in the Philippines on the same day, the ministry said. South Korea has already shared coronavirus vaccine shots with three other countries -- Vietnam, Thailand and Iran -- as it

As Korean webtoons enjoy new heights of popularity, being turned into drama series and films, the Korean webtoon industry is seeking to take down illegal websites featuring pirated webtoons. Seven leading webtoon platforms -- Kakao Entertainment, Kidari Studio, Lezhin Entertainment, Naver Webtoon, Ridi, Topco and Toomics -- announced Tuesday that they would take collective action to fight the illegal distribution of webtoons. The companies seek to protect the authors’ desire to create ori

Education Ministry continues in-person class scheme despite increase in confirmed cases among students around Seoul

Korea University fails to obtain high school records of ex-justice minister’s daughter

South Korean stocks tumbled to a 52-week low Tuesday as concerns over the potential impact of the omicron coronavirus variant continued to weigh on investor sentiment. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) plummeted 70.31 points, or 2.42 percent, to close at 2,839.01 points. Trading volume was high at about 968 million shares worth some 19.2 trillion won ($16.2 billion), with losers outnumbering gainers 874 to 48. Foreigners sold a

Hyundai Engineering & Construction said it will begin sales of 698 new apartments later this month in Pyeongtaek, 70 kilometers south of Seoul. The apartments belong to a new estate named Hillstate Pyeongtaek The First, which will consist of a total of 1,107 homes between 59 to 84 square meters in size, and will mark the first sale of new homes in Seojeong-dong, Pyeongtaek in 14 years. Commercial areas around Songtan metro station and Seojeong-dong with banks, hospitals and the Songtan bra

South Korea has clinched the top spot in Asia in a United Nations agency’s global innovation rankings, coming in fifth globally. In the World Intellectual Property Organization’s Global Innovation Index 2021, Korea was ahead of Singapore, Japan and China. It was behind Switzerland, Sweden, the United States and the United Kingdom. Korea, Asia’s fourth-biggest economy, was in 10th place last year. (Yonhap) By Nam Kyung-don

Main opposition People Power Party leader cancels all activities, feeding speculations of resignation

Netflix’s “Squid Game” has proven original content’s power to attract subscribers. Following the release of the Korean content in September, the global streaming platform’s monthly active users here reached 9.48 million, the highest since the company entered the Korean market, according to data from Nielsen Korea. Many of the major Korean streaming platforms have been creating original content to secure their own market shares in the Korean market. CJ ENM’