The presidential office said Friday cyber attacks by pro-Russian hacking groups against South Korea have increased following North Korea's troop deployment to Russia in support of its war in Ukraine. The National Security Council (NSC) held an emergency intra-agency meeting on Thursday after several government websites, including those of the defense ministry and courts, suffered distributed denial-of-service (DDoS) attacks earlier this week. The NSC said the cyber attacks, mostly DDoS, by

Chey Tae-won buys time as SK speeds up rebalancing efforts amid financial strain

The musical “The Great Gatsby” is set to premiere in London’s West End next year, following its Broadway run. To mark the first anniversary of its Broadway debut, the show will begin preview performances at the London Coliseum on April 11, 2025, with an official opening on April 24, according to OD Company, the production behind “The Great Gatsby.” The production will run as a limited engagement until Sept. 7. Shin Chun-soo, CEO of OD Company, who is the driving for

South Korean biopharmaceutical company Celltrion said Friday it achieved record revenue in the third quarter, driven largely by increased global prescriptions of its flagship biosimilar products. According to a regulatory filing, Celltrion posted consolidated sales of 881.9 billion won ($645.7 million) for the quarter, a 31.2 percent increase from the same period last year. Operating profit totaled 207.7 billion won, with an operating margin of 23.6 percent. In particular, cumulative sales for t

Once shunned by art enthusiasts for its quality, the National Museum of Contemporary Art's annual Korea Artist Prize exhibition is now drawing noticeably bigger audiences this year as it honors four promising artists. Acknowledging the criticism the 12-year-old prize had received for its low recognition and exhibition quality, the museum decided to overhaul the process starting last year. The renewed show now includes major works from each artist’s earlier career along with new commi

K-pop girl group Ive and renowned DJ-producer David Guetta released their new single, “Supernova Love,” on Friday, marking the debut of “The Collab X,” a collaboration project by KDM Records. The project aims to launch a series of global K-pop collaborations, starting with “Supernova Love.” The single blends the infectious energy of K-pop with Guetta’s signature electronic sound, kicking off the project’s mission to bring unique partnerships betwee

Singapore’s ARA Asset Management is reportedly in talks with Brookfield Asset Management to acquire the International Finance Center Seoul, one of South Korea's largest mixed-use commercial properties, according to sources Friday. Following its purchase of the Conrad Seoul Hotel in August, ARA is now discussing a potential deal with the owner of IFC Seoul to buy the remaining office towers and retail mall. Located in Yeouido, Seoul, the IFC complex was initially developed by US-based

Myeong Tae-kyun, the self-proclaimed power broker that many South Koreans had never heard of until two months ago, made a public appearance Friday as he arrived for questioning by prosecutors. He is the man driving the spiraling election drama surrounding the presidential couple and some of the most influential power players of the ruling People Power Party. The little-known man in mainstream Seoul circles apparently blew the whistle on President Yoon Suk Yeol’s wife Kim Keon Hee, claiming

South Korean top tobacco company KT&G has rejected a recent proposal from the Singapore-based activist private equity fund Flashlight Capital Partners to acquire Korea Ginseng Corporation, a KT&G affiliate. In a move to turn down Flashlight Capital Partners' bid, KT&G issued a statement Friday and reiterated its commitment to a long-term growth strategy focused on three core businesses, including health functional foods -- the segment Korea Ginseng Corporation falls under. KT&am

First Lady Kim Keon Hee will not accompany President Yoon Suk Yeol on his planned state trips this month, a senior Yoon official told reporters Friday. The official said whether she would travel with the president in the future would be decided on a “case-by-case basis.” The decision follows the press conference by Yoon on Thursday where he said that the scope of his wife’s public role and appearances would depend on how South Koreans feel about it. “If the people like it

Democratic Party of Korea leader Rep. Lee Jae-myung on Friday praised US President-elect Donald Trump’s summit meeting with North Korean leader Kim Jong-un during his first term as a “historic contribution to peace in the Korean Peninsula.” “The first Trump administration made a historic move of holding the first-ever summit with North Korea and contributed to peace in the Korean Peninsula,” he told a meeting of the party leadership. He said that as Trump won a seco

Starbucks Korea will open a new outlet this month, just 1.4 km away from North Korea. The store will be located on the second floor of the observatory at Aegibong Peace Ecopark in Gimpo, Gyeonggi Province. Aegibong, a 154-meter peak, offers a direct view of North Korea’s Kaepung County and Songaksan. Since the park’s opening in 2021, the observatory has drawn large crowds. Last year, almost 140,000 tourists visited the park to catch a glimpse of North Korea. The ecopark features an o

South Korean officials have confirmed the location of the sunken fishing boat off the coast of Jeju Island, but a tangled fishing net is making the search for the vessel difficult, Jeju Coast Guard said Friday. Officials from the Coast Guard held a briefing at 2 p.m. on the search and rescue operations for the crew of the 129-ton Geumseong which sank early Friday morning, leaving two of the 27 crew dead and 12 unaccounted for. Sixteen of the crew were Korean and 11 were of foreign nationality. U

Posco Group is reportedly considering selling its stainless steel plant in Zhangjiagang, China, as part of a broader restructuring initiative led by Chairman Chang In-hwa to streamline 125 low-profit and non-core assets. According to industry sources Friday, Posco is in the process of selecting an advisory firm to aid in decision-making regarding the sale of Zhangjiagang Pohang Stainless Steel. With an annual production capacity of 110,000 metric tons, the plant was constructed near the Yangtze

South Korean stocks closed lower Friday as uncertainties over the incoming Trump administration's policies overshadowed a back-to-back rate cut by the Federal Reserve. The local currency sharply rose against the US dollar. The benchmark Korea Composite Stock Price Index fell 3.48 points, or 0.14 percent, to close at 2,571.15. Trade volume was moderate at 440.7 million shares worth 9.63 trillion won ($6.94 billion), with losers outpacing winners 469 to 388. Foreigners sold a net 18.1 billion