Korean language has no shortage of insults, but “kkondae” seems to hold a special place in the country right now. While the term‘s definition and usage have expanded over the years from condescending seniors at work to people of older generations in general who come into conflicts with younger people over values and resources, the fear of being labeled as such has grown in tandem. At Kyobo Book...

SEJONG -- The Yoon Suk-yeol administration on Tuesday unveiled the first batch of its real estate measures that offer lowering tax burdens for first-time homeowners and expanding tax deductions for tenants, taking the first step to realize its campaign pledge to “normalize” the housing market. The government will come up with detailed measures for the supply of 2.5 million homes and more no late...

The 28th Dream Concert took place in front of a live audience for the first time in three years at the main stadium of the Jamsil Sports Complex in southern Seoul, Saturday. The four-hour festival featured 27 budding groups and marquee names, including NCT Dream, Ive and Cravity. After the announcement of the long-awaited music event, its 45,000 tickets sold out in 20 minutes. Among the audience...

South Korea’s homegrown space rocket Nuri is erected at the launch pad at Naro Space Center in Goheung, South Jeolla Province, Tuesday morning, waiting for its second launch trial in the afternoon. Nuri’s first attempt in October last year had ended in failure as it failed to put a dummy satellite into orbit.

South Korea may revisit another controversial North Korea decision made during the Moon Jae-in administration, President Yoon Suk-yeol hinted Tuesday. Speaking to reporters, Yoon said his administration may look into the 2019 repatriation of two North Korean fishermen who sailed into South Korean waters. The two, aged 22 and 23, said they wished to defect to South Korea in handwritten statements...

South Korea’s cryptocurrency-related stocks have been nosediving in recent weeks, weighed down by the growing liquidity crisis in the global virtual currency market, data showed Tuesday. According to the nation’s sole bourse operator Korea Exchange, Vidente, the largest shareholder of Bithumb Holdings and the company behind one of top crypto exchanges here, nearly halved from the beginning of th...

The ruling People Power Party could see a possible shift in power dynamics Wednesday as Chairman Lee Jun-seok could be penalized by the internal ethics panel over sexual bribery allegations. The ethics panel is scheduled to convene at 7 p.m. Wednesday to continue discussions on whether to penalize Lee for “failing to maintain dignity” and “coercing to destroy evidence” in relation to a sexual br...

SINGAPORE , June 21, 2022 /PRNewswire/ -- MetaOne, the largest SAAS to onboard massive games and guilds onto blockchain gaming, has recently announced the close of its first private round for the development of their platform's guild analytical tools and transformative smart contract for NFT management. Cypher Capital, Huobi Ventures, GSR Capital, and LD Capital Invest in $2M Round for Blockc...

LS Cable & System Asia, LS Group’s cable manufacturing unit, said Tuesday that it has delivered fiber optic cables manufactured in Vietnam to the country’s largest telecommunications operator Viettel. The latest deal with state-run Viettel comes amid soaring demand. LSCV had set up infrastructure and facilities for producing optical cables in Vietnam in 2015. Fiber optic cables, network cables w...

A sketch released on Tuesday shows the design concept of Hyundai Motor’s new electric vehicle Ioniq 6. Hyundai Motor said Ioniq 6 will have streamliner design typology called Electrified Streamliner, with simple lines and aerodynamic form, reflecting its commitment to fulfill both aesthetic and functional aspects of an EV. Built on the carmaker’s Electric Global Modular Platform which is develo...

SK Chairman Chey Tae-won is to be awarded the French Legion of Honor, France‘s highest civilian order of merit, during his trip to Paris later this week, according to news reports Tuesday. Chey, who has spearheaded South Korean capital investment in France, was reportedly recognized for his contributions to French-Korean economic cooperation. A week prior, SK Group’s subsidiary SK Geo Centric a...

Gonzalez recommended the southern regions of Chile as the best tourist destinations, citing Torres del Paine national park as a great natural attraction. Gonzalez extended gratitude to all attendees, which included co-host The Korea Herald and sponsors such as the Korea Chamber of Commerce and Industry, construction material maker Eagon and green energy developer OCI Co. for their support of Chi...

South Korean petrochemical company SK Geo Centric said Monday that it has started exporting renewable benzene from last week, as part of its cooperation with European firms in creating a regional value chain for renewable chemicals. Benzene is an organic compound used to make plastic, resin and synthetic fiber. It is traditionally produced by processing fossil fuel-based feedstocks. Finnish oil...

Television celebrity Lee Eun-ji, 30, said as the oldest cast member and a professional comedian, she felt it her responsibility to entertain the co-stars, staff and viewers. But she soon realized that such concerns were unnecessary they all were charming and hilarious. Meanwhile, Yujin did not hide her excitement for “Earth Arcade.” “It was an honor to work with directors Na and Park. I think t...

South Korea’s legislative branch has been stalled for weeks as the ruling and main opposition parties have failed to come to a compromise on which party should take over key legislative posts. With the key posts remaining empty for 23 days, the legislative branch has failed to vet bills and party negotiations have not made much progress, primarily on which party would take certain chair posts fo...