Some 3.6 trillion won ($2.8 billion) earmarked in the Education Ministry budget for early childhood, elementary and secondary education will be reallocated for higher and lifelong education, such as nurturing semiconductor talent, the ministry said Thursday. The revamped education subsidy plans were put forward “in consideration of the changing education environment,” the ministry said in a stat...

The number of overseas travelers spiked to over 3.93 million in the first half of this year, surging 233.2 percent on-year, fueled by fully lifted aviation restrictions and antivirus regulations, according to Incheon Airport on Thursday. "The increase was most noticeable in May and June when the number of overseas travelers increased 44.6 percent and 34.4 percent on-month respectively. Most popu...

South Korean stocks bounced back Thursday from the previous day's 20-month low as the US Federal Reserve's minutes indicated cautious optimism over the economy's long-term prospects, despite impeding rate hikes. The Korean won gained ground against the US dollar. The Korea Composite Stock Price Index (KOSPI) rose 42.26 points, or 1.84 percent, to close at 2,334.27. Trading volume was moderate at...

SEOUL, South Korea and SAN FRANCISCO , July 7, 2022 /PRNewswire/ -- On July 7th, 2022 , an entertainment venture company, Clover Games, officially launched their virtual world service '#Me'" globally. '#Me' gathered more than 1.5 million pre-registrations around the world, showing the excitement and anticipation towards the new service, especially from the USA , France , Germany , an...

Choi Seung-hee, a 29-year-old transgender man living in Bucheon, Gyeonggi Province, who has been dating a gay man for almost three years, says monkeypox seems to be providing some Korean people the justification to despise homosexuals. “Even though a number of medical professionals have corrected a misleading claim that only gay people get and spread monkeypox, many people still pin the blame on...

After the previous summit with US President Joe Biden in May, President Yoon Suk-yeol’s attendance at the NATO summit was a straight one-two punch that proved a change in the new Korean government’s foreign policy. Contrasting with the Moon Jae-in government’s friendly stance toward China, Yoon instead moved boldly without hesitation. He chose to prioritize the alliance with the US. Under the fra...

Although sales of the Genesis G70 Shooting Brake in Europe were not impressive, selling a total of 552 cars last year, Hyundai Motor is putting high hopes on the model to catch drivers’ attention in the domestic market. “The G70 Shooting Brake was a must for Genesis, not just to target the global market, but to complete a full, versatile lineup -- just as other luxury German carmakers like Porsc...

Samsung Electronics’ extraordinary win streak over the past three quarters is likely to end in the second quarter this year amid growing uncertainties surrounding the war in Ukraine, rising costs and inflation fears. In its earnings guidance released Thursday, the South Korean tech giant projected its operating profits at 14 trillion won ($10.7 billion) for the April-June period, up 11.38 percen...

President Yoon Suk-yeol said the nation’s financial situation has deteriorated significantly over the past five years and that the government should tighten its belt to overcome the financial crisis, ordering ministries to conduct a thorough investigation of public sector assets. Yoon presided over the 2022 National Fiscal Strategy Meeting on Thursday at Chungbuk National University in North Chu...

North Korea’s state-sponsored hackers have targeted hospitals and other health care facilities with ransomware, the US government agencies said Wednesday, warning of potential ransomware cyberattacks. The FBI, Cybersecurity and Infrastructure Security Agency, and the US Treasury Department issued a joint cybersecurity advisory to raise the alarm about ransomware threats against the US health car...

Actor Nam Joo-hyuk has denied another round of bullying allegations raised against him. Management Soop, Nam’s agency, said Wednesday that they had sought to verify the facts through various channels after the rumors were raised and found that such allegations were “not true.” The controversy erupted on Tuesday last week when a local media outlet ran a report alleging that Nam had bullied a cla...

The presidential office is facing mounting criticism over President Yoon Suk-yeol’s personal acquaintances’ involvement in public affairs, following revelations that a relative of the president is working at the presidential office, days after the first lady drew fire for taking an acquaintance to the NATO summit. According to local news reports, Yoon’s relative, surnamed Choi, is working as a s...

The family of Lee Dae-jun, a fisheries official killed by North Korean soldiers at sea in 2020, on Thursday called for arresting former President Moon Jae-in’s spy chief, Park Jie-won, who is already facing a criminal investigation after he was reported by the National Intelligence Service to the prosecutors. The NIS on Wednesday filed a criminal report against Park, who served as its director...

The US Supreme Court on Friday overturned Roe v. Wade, the 1973 decision that had provided a constitutional right to abortion. The ruling is expected to lead to abortion bans in roughly half the states, although the timing of those laws taking effect varies. Some Republican-led states will ban or severely limit abortion immediately, while other restrictions will take effect later. At least one s...