BUSAN -- The 26th Busan International Film Festival held an offline opening ceremony Wednesday night at the Busan Cinema Center. The ceremony was hosted by Hallyu star Song Joong-ki and Park So-dam, who had a breakthrough year in 2019 for her role in the Academy Award-winning film “Parasite.” “It has been a while since we could meet in person,” Song said. “This year’s BIFF will present 223 films from 70 different countries.” “I am also glad that

Finance Minister Hong Nam-ki said Wednesday the government will impose a tax on gains from virtual assets, such as cryptocurrencies, next year as planned. Hong reiterated the stance, adding necessary infrastructure is in place and delaying the taxation plan further could hurt the reliability of government policy. 　 “It appears to be difficult to readjust or delay taxation on virtual assets, considering legal stability or policy reliability,” Hong told lawmakers during a parliamentary

BUSAN -- The 26th Busan International Film Festival kicked off with the world premiere of “Heaven: To the Land of Happiness" from director Im Sang-soo. The South Korean buddy drama made it to the Cannes Film Festival’s 2020 Official Selection list. Im’s movie centers on two men: No. 203, played by Choi Min-sik, and Nam-sik, played by Park Hye-il. The aging No. 203 is a longtime prisoner who only has a few months left until he is released. One day while he’s still

BTS & Coldplay’s ‘My Universe’ soars to top billboard singles chart

South Korea has been implementing a set of educational policies aimed at helping students and teachers prepare for digital transformation in a wide array of fields. The pandemic that started last year is accelerating the shift in the educational sector toward a digital paradigm, requiring schools and policymakers to rethink the way they teach students as well as what they should teach in a new era. The Korean government, recognizing the sweeping changes sparked by the spread of COVID-19, is

Alux, a startup in the fast-growing field of educational technology, or edtech, is providing next-generation education programs based on big data, artificial intelligence and the metaverse to some 2,000 schools across the country.  Lee Chi-heon, CEO of Alux, said the Seoul-based startup is navigating a whirlwind of changes in the education market, sparked by a pandemic-induced switch from offline programs to what is called “untact” alternatives, referring mainly to contactless

Action film “Escape From Mogadishu” has been chosen as Korea’s entry for the best international feature category of the 94th Academy Awards, the Korean Film Council said Tuesday. Directed by Ryoo Seung-wan, the film is based on true events involving South and North Korean diplomats in Somalia cooperating to escape the country during the 1991 civil war. “Escape From Mogadishu,” starring veteran actors Kim Yoon-seok, Jo In-sung and Huh Joon-ho, is the most-watched

A scene showing a telephone number on a mysterious business card will be deleted from the drama series “Squid Game,” an official of Netflix Korea said, after the number’s owner was bombarded by thousands of calls since the show’s release. In the first episode, actor Gong Yoo makes a cameo, giving Lee Jung-jae the business card and asked him to call the number printed on the back if he is interested in joining the so-called Squid Game contest. The contest turns out to b

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