Artifacts discovered in June include an instrument used to tell time, previously known only through records

Seventeen’s ninth EP “Attacca” entered the Billboard 200 at No. 13, the group’s agency Pledis Entertainment announced Tuesday. 　 The EP came out on Oct. 22 and is now the group’s highest ranking release yet. Its previous EP “Your Choice” ranked No. 15 on the chart. The EP topped Billboard’s top album sales chart as well as Oricon’s daily and weekly album ranking, and Billboard Japan’s three main charts. 　 With the EP having sold mor

KakaoBank, the country’s largest internet-only lender by user base, on Tuesday said its net profit in the first three quarters rose 96.6 percent from a year prior, despite growing regulatory moves on household debts that slowed the lender’s growth in the third quarter. In its first quarterly report that reflects its post-IPO performance, the banking arm of mobile giant Kakao Corp., said it recorded 52 billion won ($44.3 million) in net profit in the third quarter of this year, a 28

The Ministry of Foreign Affairs is facing criticism for allegedly delaying the delivery of remarks of mourning issued from leaders of other countries upon the death of former President Roh Tae-woo. The Foreign Ministry officially delivered the statements to the bereaved family of Roh on Monday, days after remarks started flying in from global leaders after Roh’s death on Oct. 26. Remarks of condolences came from leaders of China, Japan and Vietnam, the ministry said. Ministry spokesperso

Despite efforts by the military to introduce a culture that better respects soldiers’ rights, young Korean men still favor an alternative to their mandatory military service: the Korean Augmentation to the United States Army. Last week, the military loosened rules on hairstyles that can be worse by conscripts, in its latest move to drop discriminatory practices and boost morale following a number of scandals involving allegations of abuse and subsequent cover-ups. Nevertheless, KATUSA -

The South Korean government will make a fresh attempt to get its stock market included in the top grade of global market indices, the country’s top economic policymaker told global investors Tuesday. Considering the global status and recognition of the Korean economy by foreign investors, it is “justifiable” for the Korea equity market to be upgraded to “developed” status from current “emerging” status by New York-based index provider Morgan Stanley C

Members of the central bank's rate-setting board voiced concerns over heightened uncertainties over economic recovery and called for more time to analyze the effect of an interest rate hike in August before seeking additional measures to tame inflation and household debt, minutes from the latest policy meeting showed Tuesday. On Oct. 12, the seven-member board of the Bank of Korea (BOK) held its key policy rate unchanged at 0.75 percent, but the central bank hinted at an additional rate hike in

South Korean major game developer NCSoft has global ambitions for its new massively multiplayer online role playing game Lineage W, set for launch Thursday at midnight. Lineage W will first be available in 12 languages for users in South Korea, Taiwan, Japan, Southeast Asia and the Middle East. NCSoft then plans to expand its service to North America, Europe and South America. Instead of operating separate servers for each country, NCSoft has created the Global One Build service that allows

Gap between two-mega regions hits all-time high of 4 million

Two of Seoul’s royal palaces, Gyeongbokgung and Changdeokgung, are offering a glimpse into court life during the Joseon era with a number of hands-on programs. Programs at Gyeongbokgung, the main royal palace of the Joseon era, will be held from Friday to Nov. 15, the Cultural Heritage Administration said Tuesday. At Gyeongbokgung, Saenggwabang, a royal kitchen where snacks and desserts for the royal family were prepared, visitors can take part in a traditional tea ceremony and enjoy de

GC Pharma announced Tuesday that the European Medicines Agency has granted orphan drug designation to its Hunterase ICV, a novel treatment for mucopolysaccharidosis type II, also known as the Hunter syndrome. The designation brings a variety of significant advantages under the EMA’s effort to encourage the development of drugs to treat rare diseases or conditions. GC Pharma said the company will be able to speed up regulatory procedures to market Hunterase ICV in Europe. Hunterase ICV

South Korea’s autonomous driving startup 42dot said Tuesday that it has raised 104 billion won ($88.5 million) in a series A funding. That raised the total investment the firm has secured to date to 153 billion won, the company added. The investors include Hyundai Motor, Shinhan Financial Group, Lotte Rental, Lotte Ventures and several local venture capital firms. 42dot plans to use the funding to accelerate its autonomous driving technologies and beef up human resources. The start

For director Ahn Gil-ho, a desire to portray the life of ordinary people was the reason to film “Happiness.” “When I read the script, the scenario was really interesting and had the power to draw a viewer‘s attention. But the biggest reason for me to choose this drama was my plan to make a series that focuses on the stories and feelings of common individuals,” the director said in an online press conference on Monday. The upcoming tvN Friday-Saturday series revolv