SK Inc., the holding firm of South Korean conglomerate SK Group, said Friday it has additionally invested 65 billion won ($55 million) in Perfect Day, a US alternative milk maker, following 54 billion won of funds last year. SK said it joined the latest round of funding for Perfect Day, which drew $350 million from several global investors, including Horizon Ventures, Temasek, CPP Investments and Bob Iger. Perfect Day, known for its animal-free dairy products, launched an ice cream brand "B

South Korea's daily coronavirus cases remained in the 2,000s for the sixth consecutive day Friday, prompting authorities to maintain the current level of virus restrictions for another two weeks ahead of back-to-back extended weekends this month. The country reported 2,486 new COVID-19 cases, including 2,451 local infections, bringing the total caseload to 313,773, according to the Korea Disease Control and Prevention Agency (KDCA). There were 16 more deaths from COVID-19, raising the death toll

South Korean stocks opened lower Friday, tracking overnight Wall Street losses that stemmed from concerns of an early inflation. The benchmark Korea Composite Stock Price Index (Kospi) fell 7.19 points, or 0.23 percent, to 3,061.63 points in the first 15 minutes of trading. The key stock index slumped, following rallies by the US long-term Treasury yields, which fanned concerns that the Federal Reserve might hurry to taper its stimulus to reign in the pace of inflation. The Dow Jones Industrial

South Korea will maintain toughened social distancing rules across the nation for two more weeks, the prime minister said Friday, as the country is bracing for a potential surge in new COVID-19 cases ahead of back-to-back extended weekends. Under the renewed plan that will go into effect Monday, the greater Seoul area will remain under the toughest social distancing of Level 4, while the rest of the country will be under Level 3, Prime Minister Kim Boo-kyum said during an interagency meeting on

Walkerhill Hotel and Resorts offers eco-friendly gourmet menu for golfers Walkerhill Hotel and Resorts is offering an autumn dining menu for golfers at Sehyeon Country Club, which is also operated by the company. The fall gourmet menu is specially created for the season by Walkerhill as it aims to spread its image as an eco-friendly hotel, with sustainable ingredient options and cooking processes. Korean-style steamed rice in fresh lotus leaf wrap, yeonnip-bap, is offered with a variety of sid

Bupyeong Pungmul Festival The Bupyeong Pungmul Festival is scheduled to take place in Bupyeong, Incheon, Oct. 13 to 17. This year’s festival will be held both online and offline. The in-person activities will be at Camp Market and the Bupyeong Art Center, and the event will also be broadcast via the festival’s official YouTube channel. The festival, established in 1997, seeks to promote traditional culture, recall Bupyeong’s farming traditions and share with visitors the rhy

On the Line (Korea) Opened Sept. 15 Action Co-directed by Kim Sun and Kim Gok Seo-jun (Byun Yo-han) and his colleagues at a construction site in Busan lose around 3 billion won ($2.5 million) to a massive voice-phishing ring. He decides to look for the mastermind behind it and tracks the crimes to a call center in China. At the center, Seo-jun finds out the crime ring is preparing for its next big project. Miracle: Letters to the President (Korea) Opened Sept. 15 Drama Directed by Lee Jang-h

Teaching as a profession holds a special place in the modern Korean history of rapid economic and social development. During the 1950s and 60s, many young elites of diverse backgrounds and talents joined the patriotic call to teach in public schools across the country. During the aftermath of the Korean War (1950-1953), which wreaked havoc on the economy and infrastructure, the Korean government used public school teachers as a human resource to rebuild the country’s education system and e

Recently released Census Bureau data show that more than 37 million people in America lived at or below the federal poverty line in 2020. That’s 11.4 percent of the population, and a full percentage point higher than what it was in 2019. But the federal poverty line doesn’t begin to tell the story of poverty in the US. Half of US families struggle to make ends meet. They are part of what I call the “uncounted majority,” people who have trouble paying basic bills even th

   Prosecutors investigating a political meddling scandal that possibly involves Yoon Seok-youl, a leading opposition presidential contender, have discovered circumstances on the implication of one of Yoon's former subordinates, informed officials said Thursday.    The scandal is centered on allegations that prosecutor Son Jun-sung asked the main opposition People Power Party (PPP) to file a complaint against three pro-government figures just before the general elections i