DONGHAE -- A ship carring nine crewmen capsized in waters off the country's easternmost islets of Dokdo Wednesday, the Coast Guard said. The Coast Guard has been informed by Japanese authorities that the 72-ton vessel capsized at 2:24 p.m. in waters 168 kilometers northeast of Dokdo. The Donghae regional office of the Coast Guard dispatched a pair of patrol ships and a helicopter to conduct a search, according to officials. The exact damage from the sinking was not immediately known. (Yonhap

In an industry first, SK Hynix has developed the fourth generation of high bandwidth memory, or HBM3, the company said Wednesday. HBM is a high value DRAM product with fastened data processing, which combines multiple DRAM chips vertically. Demand for HBM products has been growing from high-performance data center businesses as well as machine learning platform operators. SK Hynix has three previous HBM products, HBM, HBM2 and HBM2E, and the latest development is an update to the HBM2 by in

With South Korea soon to embrace a return to normal by “living with COVID-19,” many newlyweds are ready to go abroad for their honeymoons. Since the COVID-19 pandemic began early last year, honeymooners in Korea have been flocking to the southern holiday destination Jeju Island or the southern coastal region of Namhae in South Gyeongsang Province, taking advantage of package deals at luxury hotels. With the global vaccination rate on the rise and with some travel destination countr

South Korean stocks retreated Wednesday, led by strong institutional sell-offs. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) fell 15.91 points, or 0.53 percent, to close at 3,013.13 points. Trading volume was moderate at about 668 million shares worth some 11 trillion won ($9.4 billion), with losers outnumbering gainers 521 to 337. Institutions sold a net 208 billion won, while retail investors bought 284 billion won. Foreigners offloaded

CNBlue came out with its ninth EP, “Wanted,” on Wednesday and hosted a talk show to mark the release.   　 For the first time since the band debuted in 2010, the bandmates opted for a theme and fashioned themselves into hunters.   　 “We’ve looked back at the albums so far and realized that we didn’t have a visual theme yet. ... We thought it would be nice to be fuller in terms of appearance,” said Jung Yonghwa.   　 They went for looks tinged wit

Midsized shipyard K Shipbuilding Co., formerly known as STX Offshore & Shipbuilding Co., said Wednesday it has signed a preliminary deal with Kongsberg Digital AS to cooperate on digital technologies for smart ships. Under the deal with the Norwegian company that has technologies for autonomous ships, K Shipbuilding will narrow the technology gap with large shipbuilders in the area of smart ships, the company said. K Shipbuilding also showed its autonomous navigation system called K-ADIS o

TOKYO -- A new memorial stone will be dedicated in Nagasaki, Japan, next month to thousands of Korean victims of a US atomic bombing of the city in 1945, its promoters said Wednesday. The monument will be unveiled on Nov. 6 in a ceremony in Nagasaki Peace Park, which commemorates the Aug. 9, 1945, nuclear explosion, according to the South Korean Consulate-General in Fukuoka and a group of ethnic Koreans steering the project. The plutonium bomb detonation is believed to have killed about 74,000

Despite industrywide efforts to promote sustainable corporate management through environmental, social and governance aspects, many South Korean companies appear to be struggling to integrate the values into their businesses, a survey suggested Wednesday. Only 123 companies, or 15 percent of all Kospi-listed firms, have established committees to deal with ESG issues, according to the survey conducted by CEO Score, a local corporate tracker. Most of the ESG management committees included chief

Pyongyang continues to beef up weapons capabilities despite repeated calls for dialogue from Seoul and Washington

  진행자: 간형우, Kevin Lee Selzer 1. Lack of Korean language skills not reason to deny child custody: Supreme Court 요약: 대법원 "한국어 능력 부족하다고 외국인 부모 양육권 뺏을 수 없어" [1] The Supreme Court on Sunday overturned a lower court’s ruling that a foreign woman who married a Korean man and later divorced could not have child custody due to a lack of Korean language communication skills. *overturn: 뒤집다, 엎다 *divorce: 이혼(하다) *child custody: 양육권 [2] According to the court, the two married in 20

With the Netflix hit “Squid Game” spurring interest in all things Korean, e-commerce giant Gmarket said it is offering discounts on various South Korean products for international consumers next month. The platform’s annual Mega G sales event will take place Nov. 1-12, as part of its year-end promotion Big Smile Day. A record-breaking number of Korean brands will participate in the discount event this year, the company said. Gmarket’s global shop is also becoming a h

As Korea anticipates ‘living with COVID,’ businesses are counting on pent-up demand

South Korean mobile payment app operator Kakao Pay embarked on a two-day book building process targeting institutional investors Wednesday, following delays due to local authorities’ requests. The result will determine at which price a share of Kakao Pay, the Ant Group-backed financial technology firm, would be offered, as well as the proceeds Kakao Pay will be able to attract through the initial public offering, ahead of its proposed market debut on Nov. 3. Korean analysts are valuing

Korean Air said Wednesday it would resume flights to Hawaii starting Nov. 3 while Hawaiian Airlines announced plans to expand flights on the route to four times a week. Korean Air’s operation on the route was suspended in April last year due to COVID-19. The Incheon-Honolulu KE053 flight will operate three days a week, departing from Incheon International Airport every Wednesday, Friday and Sunday night. The KE054 flight departing from Honolulu for Incheon will also operate on the same

As part of its long-term vision to shift to eco-friendly energy, Korea Gas Corp. plans to push ahead with four new businesses using liquefied natural gas. LNG is considered an eco-friendly fuel as it emits 100 percent less sulfur oxides and dust compared to existing fuels for ships, 20 percent less carbon dioxide and up to 99 percent less fine dust. As the International Maritime Organization limited the sulfur content of ships’ fuel oil to 0.5 percent, global demand for LNG-powered ships