SINGAPORE , Nov. 21, 2024 /PRNewswire/ -- Visa, a global leader in digital payments, announced today that it will be the title sponsor for the 2024 Mnet Asian Music Awards (MAMA Awards), a major music awards ceremony presented annually by South Korean entertainment company CJ ENM. Starting with the 2024 MAMA Awards, which will take place in the U.S. and Japan , Visa will serve as the exclus...

SINGAPORE — Disney+ offered a sneak peek at its highly anticipated lineup of Korean originals for 2025 during a series of press conferences, giving fans of Korean content an early look at next year’s star-studded releases. As part of the Disney Contents Showcase Asia Pacific 2024 event held at the Sands Expo & Convention Center on Thursday, the platform unveiled details about several upcoming ti...

LG Group chose stability in its year-end executive reshuffle on Thursday, rather than seeking drastic changes in the top brass amid growing uncertainties surrounding the business environment at home and abroad. Most CEOs at key affiliates retained their jobs, considering their experiences in tackling challenges at times of economic difficulties. Battery-making unit LG Energy Solution CEO Kim Do...

South Korea’s antitrust watchdog has fined three paper manufacturers a total of 30.5 billion won ($21.8 million) for colluding to raise newsprint prices. According to the Korea Fair Trade Commission on Thursday, Jeonju Paper, Daehan Paper and Paper Korea engaged in price-fixing by twice raising prices by 60,000 won per ton, in 2021 and 2022. The companies also pressured local newspaper companies...

Although this is the first time a South Korean investigative agency has confirmed North Korea’s involvement in cryptocurrency hacking crimes, similar charges have already been raised in the past by the UN and other countries. Back in July, a crypto exchange in India was reportedly targeted, resulting in damages worth $200 million. Around the same time, cryptocurrency valued at $35 million was al...

Seoul Social Standard Director Kim Hana, the creator of Collective Mine, recalled the initial challenges, noting that new rental units are often met with strong opposition from neighborhood residents due to concerns about a potential drop in rent prices or property values. “To address such negative perceptions, we aimed to create a space that would provide tangible benefits to the local communit...

BTOB is planning to spend the last days of this year with fans at a concert in Seoul, said agency BTOB Company on Thursday. It will host a three-day concert from Dec. 27 offering music and consolation to the audience, as the poster for the show said: “Everything’s gonna be alright.” The live show is named “Be Alright,” after the second song from the band’s ongoing “Becoming Project.” The song w...

Smugglers who attempted to disguise 230 tons of black soybeans, known as “seoritae,” from China as an additive for diesel engines, have been arrested, customs officials said Thursday. The Incheon Regional Customs said it has referred 11 suspects to prosecutors without detention for alleged violations of customs law. The authorities have also issued wanted notice for two accomplices who are belie...

Mercedes-Benz Korea announced Thursday that it invited nine promising Korean startups to its headquarters in Stuttgart, Germany, earlier this month as part of its efforts to foster global growth opportunities for innovative companies. The five-day program, held in collaboration with the Korea University Research and Business Foundation, Sejong, ran from Nov. 11 to Nov. 15. The selected startups...

The track dominated real-time and daily charts on major Korean platforms like Melon, Genie, Bugs and Vibe. It also topped Spotify’s Global and US charts and iTunes charts in 40 regions. On the UK Official Singles Chart, “Apt.” debuted at No. 4, the highest-ever entry for a Korean female artist. The Black Label has announced that Rose will release her second single with them, “Number One Girl,” o...

Complaints related to deepfake sex crimes have surged in South Korea this year, government data showed Thursday. From January to October, an average of 50 complaints per month related to deepfake sex crimes were reported to public complaint platforms, such as the state-run e-People website and local government channels, according to data compiled by the Anti-Corruption and Civil Rights Commissio...

This article is the third in a series exploring diversity in housing in South Korea. --Ed.

South Korean stocks fell slightly Thursday to end their three-day winning streak as major shares ended in mixed territory. The local currency fell against the US dollar for the first time in six sessions. The benchmark Korea Composite Stock Price Index lost 1.66 points, or 0.07 percent, to close at 2,480.63. The main index had been rising since Monday. Trade volume was moderate at 440.4 million...

The computer-animated film will explore the origin story of Mufasa, Simba’s father, presenting him as an orphaned cub who meets Taka, an heir to a royal bloodline. Director Barry Jenkins expressed his excitement for the project via a video, calling Mufasa “an icon” and noting his joy in contributing to a legacy symbolizing wisdom and strong family bonds. Other highlights from the event include "...