South Korean activist fund Korea Corporate Governance Improvement has bought 100 billion won ($84 million) in exchangeable bonds issued by weapon system developer LIG Nex1, a filing showed Wednesday. The investment is aimed at improving LIG Nex1’s performance under the criteria of environmental, social and governance responsibility and giving birth to LIG Nex1’s new line of business, according to KCGI. The investment manager did not elaborate on its future ESG strategy for the defe

After N. Flying teased a snippet of their promotions on social media, the South Korean rap-rock band who hit it big with their megahit song “Rooftop” is back with another album after nearly four months. The five-member rock band dropped “Turbulence,” a repackage of their first full album, which was released Wednesday evening. The repackaged album talks about how one can always take a leap of faith after wandering through reality and confusion. If the first LP, “M

Hyundai Motor’s little mini SUV, the Casper, is here, creating a buzz in the A-segment market, where the competition has long been dull. This new Casper is Hyundai’s first A-segment release in 19 years, and already it’s received record preorders. Even the president lined up to buy one. The Casper is slightly more expensive than its rivals the Chevrolet Spark and the Kia Ray, but there’s a reason for that. It comes with advanced driver assistance functions that are of

Anti-corruption agency raids Rep. Chung Jeom-sik on allegations over Yoon’s political plot

N.Flying held an online talk show on Wednesday to discuss their repacked first full-length album. 　 The bandmates reassured fans that they all are healthy and ready for the upcoming activities. All five of them returned after being infected with COVID-19 last month. 　 “It was (like going through) ‘turbulence’ for the members as is the name of the new album,” said Yoo Hwe-seung. He apologized for worrying many and recalled their first gathering after recovery. 　 As the

To celebrate Hangeul Day, the newly created Princess Deokon Font, will be released free of charge on Friday, according to the National Hangeul Museum. The font is based on Princess Deokon’s handwritten Hangeul translation of “Jagyeongjeonki,” a book originally written by King Sunjo in Chinese characters. Princess Deokon (1822-1844) was the last princess of Joseon and the youngest daughter of King Sunjo -- the 23rd king of Joseon -- and Queen Sunwon. It is said that Queen Su

The sales volume of Galaxy Z Fold3 and Flip3 has surpassed 1 million in South Korea, according to Samsung Electronics on Wednesday. The tech giant said the total number of units of the two foldable devices sold in the Korean market reached 1 million Monday, 39 days since their debut on Aug. 11. The foldable phones trailed only Samsung’s biggest hits of the Galaxy Note 10 and flagship Galaxy S8 in the pace of reaching the 1 million mark. Of the 1 million units, about 70 percent are

LG Innotek said Wednesday the company is taking part in an international trade show for substrates and chip packaging technologies to showcase its newest products and technologies. The electronic parts supplier of LG Group exhibited three new products -- 5G Antenna in Package, RF-System in Package and Chip On Film -- at the Korea International Electronic Circuits and Packaging Show 2021 that kicked a three-day run in Songdo, Incheon on Wednesday. The 5G AiP is a substrate for the antenna mod

President purchased the micro SUV for his own use to add weight to a new private-public job creation project

Daniel Cho, a 27-year-old Korean American violinist, has been appointed as concertmaster at the Hamburg Philharmonic State Orchestra. String ensemble Sejong Soloists announced Wednesday that Cho had been selected as the concertmaster of the orchestra through an audition attended by the orchestra members and conductor Kent Nagano. The orchestra based in Hamburg, Germany was founded in 1828. Nagano has been leading the orchestra as its chief conductor since September 2015. The American conduct

To respond to the growing pressure to meet net-zero pledges, steelmakers around the world must work together to find ways to decarbonize steelmaking, mostly likely with the use of hydrogen, the chief of South Korea’s top steel manufacturer said Wednesday. Hosting the Hydrogen Iron & Steel Making Forum 2021, the world’s first international forum on hydrogen steelmaking, Posco Chairman Choi Jeong-woo highlighted the need for urgent, concerted action as an industry and an open pla

South Korea’s Trade Minister Yeo Han-koo expressed concern over the US request on Korean chipmakers to disclose sensitive information about technology, clients and inventories, during his meeting Tuesday with US counterpart Katherine Tai, officials in Seoul said Wednesday. Yeo, who is currently attending a council meeting of the Organization for Economic Co-operation and Development in Paris, held bilateral talks with the US trade representative, where he relayed such opinion from local

South Korean stocks fell nearly 2 percent Wednesday, while the Korean won fell to a 14-month low against the US dollar amid ongoing investor concerns over the debt crises of Chinese property developers and the impasse in the US Congress on raising the debt limit. The benchmark Korea Composite Stock Price Index (KOSPI) fell 53.86 points, or 1.82 percent, to close at 2,908.31 points, the lowest finish since Dec. 30 last year. Trading volume was moderate at about 887.63 million shares worth some

South Korean drugmaker SK Bioscience announced Wednesday the company has updated its capacity reservation contract with the Coalition for Epidemic Preparedness Innovations. Under the new agreement, CEPI can use part of SK Bioscience’s Andong production facility until 2022 for manufacturing COVID-19 vaccines. 　 SK Bioscience’s factory in Andong, North Gyeongsang Province, currently has a total of nine production lines that can produce drug substances for COVID-19 vaccines. Of the to

Authorities in Mexico ordered a recall of a Buldak, or “fire chicken,” ramen product for misleading customers with its label, despite having “no trace of chicken” in it. The Office of the Federal Prosecutor for the Consumer announced the recall decision Monday there, concerning Buldak Ramen Cheese and 11 other instant noodle products from across nine manufacturers.  It targets a total of 129,937 packets distributed on shelves throughout the country. Included wer