Texas State Securities Board had accused the wholesaler of premium grade Scotch and Irish Whiskey of engaging in fraud – statements that have now been fully retracted DUBLIN and LONDON , July 11, 2022 /PRNewswire/ -- A Securities Board in the United States has suffered a pre-trial defeat by the London and Dublin -based Whiskey & Wealth Club, after the Securities Commissioner in Texas...

South Korea’s overheated housing market is showing signs of cooling down, as Seoul housing prices have inched down in recent months with persistent inflation and soaring interest rates squeezing household budgets. According to the Land Ministry on Monday, apartment prices in Apgujeong-dong, a wealthy neighborhood in Gangnam-gu, Seoul, dropped by as much as 300 million won ($230,000) in June from...

Among the eight tracks, the artist said that “Good Night My Princess,” about her mom, is the most personal for her. She said, “My mom does not even know I wrote the song. I sing about her heartache when I was in my childhood. I had to be very careful.” Chungha added that another song, “Crazy Like You,” shows her evil side. Since she is more attached to the album, feeling a sense of “accomplishme...

In many cultures, eating all of the food put before you is seen as a sign that the meal was good. However, in Korea, leaving the last bite of food on the plate is considered by many to be good manners. This is especially true if you are invited to a Korean host’s home. Most elderly people still leave the last bite on their plate, but some young Koreans do not observe this custom and may not eve...

Audio and sign language commentary programs for the visually and hearing impaired will be available for upcoming exhibitions, the National Museum of Modern and Contemporary Art, Korea announced Monday. The museum is currently offering audio and sign language programs for “Prayer for Life: Special Exhibition of Korean Polychrome Painting” at MMCA Gwacheon, which runs through Sept. 25. The MMCA s...

Experts, too, have mixed feelings about the popularity of rental hanbok. Some called for action to be taken to preserve traditional hanbok. Kwon Hye-jin, CEO of hanbok brand Hyeon, called rental hanbok a “mutation” but acknowledged its contribution to reviving hanbok culture. Younger generations’ lack of exposure to traditional hanbok is the root cause of the problem behind the mutated designs,...

Kim Joo-hyun, the new chief of the Financial Services Commission, said Monday that he would use all resources and cooperate with authorities for market stability at his inauguration, which took place after a divided National Assembly failed to hold a confirmation hearing. Kim underscored mounting concerns that aggressive rate hikes by the US Federal Reserve would further dampen investor optimism...

South Korea and the US have been discussing the resumption of yearslong suspended field training exercises in the second half of the year, the South Korean military said Monday. The discussion has been underway as the South Korean and US military tentatively agree to conduct their annual combined military exercises between Aug. 22 and Sept. 1, according to military sources who wished to remain a...

The Foreign Language Newspapers Association of Korea marked its seventh anniversary on Monday in a ceremony in Seoul, reconfirming its unique role to bridge Korea and the rest of the world. At the event, held at the Korea Press Center in Jongno, central Seoul, and attended by foreign dignitaries as well as media industry executives, Chinese Ambassador to Korea Xing Haiming delivered a congratu...

ITZY will host a special livestream on the day it returns with a new EP on July 15. The broadcast, under the same title as EP “Checkmate,” will be streamed through Mnet and its digital platform M2. The group will perform the lead track “Sneakers” as well as “Domino” from the new album. It will also put on a skit and share interview clips as well. The EP comes about 10 months since its fir...

Hyundai Motor Group Executive Chair Chung Euisun (left) and Hyundai Motor Group CEO Chang Jae-hoon (right) pose with 2022 Genesis Scottish Open winner Xander Schauffele (center) at the Renaissance Club in East Lothian, Scotland, on Thursday. Genesis became a new title sponsor of one of Europe’s top-tier Rolex Series tournaments last year and renamed the tournament the Genesis Scottish Open this ...

Prosecutors are launching an investigation into Cho Kuk and Im Jong-seok, both of whom served top roles at former President Moon Jae-in’s Cheong Wa Dae, over allegations that they blacklisted high-ranking public officials appointed during the Park Geun-hye administration. The Seoul Central Prosecutors’ Office has recently tapped its criminal department to handle the investigation into two ex-Che...

China and North Korea will constantly strengthen and develop their bilateral relations to a new and higher level in “unprecedented harsh circumstances,” including the US-led campaign to encircle China, the North Korean media said Monday. It also highlighted the significance of the close bond between North Korea and China. The Rodong Sinmun, an organ of the ruling Workers’ Party of Korea, publish...

Domestic politics to overshadow Seoul ties The absence of Abe, a pivotal figure representing the hardline conservative faction within Japan’s ruling LDP, may cause some “political strife” among the party cliques competing for dominance, according to one of Choi’s three potential prospects. In this case, the Fumio Kishida administration may not want to make any risky moves with South Korea to fur...

Eco-friendly vehicles were responsible for 30.3 percent of South Korea’s total car exports in the first five months of this year, according to the Korea International Trade Association on Monday. South Korea exported $20.45 billion worth of cars from January to May, and 30.3 percent of them were eco-friendly, showing an 8.7 percentage points increase on-year. According to KITA, such an increase...