A gas station in Seoul shows the retail price of gasoline and diesel on June 19. (Yonhap) 진행자: 최정윤, Brolley Genster 1. S. Korea's inflation at 24-year high in June; sharp rate hike in offing [1] South Korea's consumer prices rose at the fastest clip in nearly 24 years in June due mainly to soaring energy costs, data showed Tuesday, fanning expectations of a sharp rate hike this month. *clip: ...

Kyobo Life Insurance Co. on Thursday said the country's bourse operator will begin a preliminary assessment of its initial public offering (IPO). The Korea Exchange (KRX) has said it will launch a panel to review the IPO bid of South Korea's No. 2 life insurer eight months after its filing. Kyobo Life has been pushing to go public since 2018, but opposition from its shareholders has halted the ...

South Korea's economic recovery momentum has been losing steam in the face of deteriorating external conditions, such as Russia's war with Ukraine and monetary tightening modes in major economies, a state-run think tank said Thursday. Led by in-person services, domestic demand improved as outdoor activities have increased on the back of the lifting of COVID-19 virus curbs, the Korea Development ...

JEJU -- Three fishing boats docked at a port on the southern island of Jeju caught fire Thursday, leaving three people seriously injured, firefighting authorities said. The fire started in one boat at Hallim Port at 10:17 a.m. and is believed to have spread to two others, according to the Coast Guard and firefighters. Three people were rescued from the sea reportedly with serious injuries and w...

The presidential office said Thursday it is paying close attention to the prosecution's investigations into two former spy chiefs accused of mishandling two separate cases involving North Korea. The investigations were launched after the National Intelligence Service on Wednesday filed complaints against its former Directors Park Jie-won and Suh Hoon. Park is accused of deleting intelligence-rel...

Soongsil University is starting an employment support program for its students and young locals with a goal to help them start their careers in industries of their choice upon graduation. The university announced Thursday a program dubbed “Job Go,” running from July 18 to Aug. 5 will be available for current and former Soongsil University students as well as any young local job seeker. It will b...

The ruling People Power Party (PPP) was set to hold an ethics committee meeting Thursday to discuss a sexual bribery scandal involving leader Lee Jun-seok amid speculation over whether he will be ousted as the leader. The PPP's ethics committee is scheduled to meet at the National Assembly at 7 p.m. to determine whether and how to discipline Lee over the allegations that he received sexual servi...

More than 40 percent of North Koreans are undernourished, a UN report showed Thursday amid concerns of food security in the impoverished country. According to the State of Food Security and Nutrition in the World 2022 report co-published by UN agencies, including the Food and Agriculture Organization, the UN Children's Fund and the World Food Programme, the prevalence of undernourishment among N...

The latest software update for KakaoTalk, South Korea's most popular mobile messaging app, remained suspended for a week on the Google Play store Thursday, following the refusal by tech giant Kakao Corp. to comply with Google's new in-app payment policy. Google turned down Kakao's submission application for the latest 9.8.6 version of KakaoTalk for Android on Google Play on June 30, citing Kakao...

BEIJING , July 7, 2022 /PRNewswire/ -- International Solar Building Design Competition 2022, hosted by International Solar Building Design Competition Organizing Committee -- themed with Sunshine & Station in the Scenery, is located in the Giant Panda Habitat Nature Reserve in Guanbagou Basin Nature Mini-Reserve, Pingwu County, Sichuan Province . The competition takes research station as the...

HMM Co., South Korea's leading container shipper, said Thursday it has obtained a global certification for its efforts to promote workplace safety and workers' health. HMM said it has secured the top certification for its occupational health and safety management system from the International Organization for Standardization (ISO). The certification ISO 45001, the first ISO standard to address ...

At the inaugural Blue Prism World On Tour 2022, Asia Pacific , SS&C Blue Prism revealed key opportunities and innovative use cases of Intelligent Automation in Asia Pacific WINDSOR, Conn. , July 7, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced SS&C Blue Prism held its first APAC conference, Blue Prism World on Tour 2022, Asia Pacific in Singapo...

National Assembly Speaker Kim Jin-pyo has met with a visiting delegation of the US House of Representatives and discussed various issues from investment to human rights, his office said Thursday. During the meeting held Wednesday, Kim called for US Congress to help foreign firms, such as South Korean tech giant Samsung Electronics Co., to benefit from the CHIPS Act aimed at bolstering the US chi...

South Korea posted a current account surplus in May, turning around from the previous month's deficit, but its surplus was still much smaller than a year earlier as import bills remained high amid soaring energy and commodity prices, central bank data showed Thursday. The country's current account surplus amounted to $3.86 billion in May, according to the preliminary data from the Bank of Korea ...

FC Barcelona youth player Lee Seung-woo, who has quickly emerged as one of the most popular players in his South Korean season, will headline a K League All-Star squad against the visiting Tottenham Hotspur next week. The top South Korean league unveiled the 24-man "Team K League" on Thursday, six days before the summer exhibition match against Tottenham at Seoul World Cup Stadium. The 12 K Lea...