President Yoon Suk-yeol said Monday that the government was doing all it could to help overcome the economic difficulties faced by the public, calling for bipartisan efforts from lawmakers who are bogged down in wrangling over committee chairmanships. “There is no fundamental way to deal with the problems that arise because money supply is high, and because high interest rates are being used aro...

South Korea’s air force on Monday kicked off a large-scale aerial military exercise to enhance combat readiness and prepare for possible “enemy provocations,” including a surprise invasion. The theater-level “Soaring Eagle” combat training exercise is being staged over five days through Friday at the 29th Tactical Fighter Weapons Group located at an air base in the central city of Cheongju, Nort...

South Korea has postponed its decision on the possible adjustment of electricity fees for the third quarter, the state-run Korea Electric Power Corp. (KEPCO) said Monday. KEPCO had planned to announce the government's decision Tuesday, a day after being informed by the government on electricity rates for the July-September period. But the government put off the decision, as "discussions among m...

Two South Korean animated films, "Chun Tae-il: A Flame That Lives On" and "Persona," have been awarded at this year's Annecy International Animation Film Festival. According to the winner's list Monday (Korean time), "Chun Tae-il," a biopic on the Korean workers' rights activist directed by Hong Jun-pyo, received the Contrechamp Jury Distinction prize at the 46th edition of the festival that kic...

Seoul Fashion Week, South Korea's biggest biannual fashion show, will be held fully in person in October, following two years of scaled-down events due to the COVID-19 pandemic, the Seoul city government said Monday. Seoul Fashion Week Spring/Summer 2023 will kick off on Oct. 11 at the Dongdaemun Design Plaza (DDP) in central Seoul for a five-day run, the city announced. As the upcoming event w...

Internal strife is continuing within South Korea’s ruling and main opposition parties as factions jockey for power. The main opposition Democratic Party of Korea is set to elect its new chairperson at the national convention scheduled in August and finally conclude the battle between supporters of Rep. Lee Jae-myung and those with close ties to former President Moon Jae-in. From the pro-Moon ci...

South Korean food company SPC group said on Monday that it has invested 40 billion won ($31 million) to enter Malaysia’s halal market with its bakery brand Paris Baguette. Halal refers to the types of food Muslims are permitted to eat in accordance with the Islam religion. As Muslims account for almost 24 percent of the world’s population, the SPC group plans to target the promising halal food m...

South Korean construction company Daewoo Engineering & Construction said Monday that it is developing wearable robots that can be used at construction sites to prevent injuries while maintaining productivity. The company was chosen Tuesday in a contest held by the Korea Institute for Robot Industry Advancement to work in cooperation with local robotics startup WIrobotics and the Korea Orthopedic...

South Korea is ready to take appropriate action in response to any one-sided movements in the local foreign exchange market, the country's top financial policymaker said Monday in his latest remark apparently aimed at easing growing market anxiety amid the US' aggressive monetary tightening and worries over global recession. "Relevant authorities will take action in an appropriate manner in case...

SINGAPORE , June 20, 2022 /PRNewswire/ -- Matrixport Group today announced the appointment of Anthony DeMartino as its US CEO as part of its ongoing international growth strategy. Matrixport's expansion into the US demonstrates its firm commitment to better serve its clients and further develop the digital asset management industry. Mr Anthony DeMartino , a financial industry veteran wit...

Stray Kids and Twice will separately release albums in Japan. Stray Kids will roll out its second Japanese EP “Circus” on Wednesday, followed by its last Japanese EP “All In” in November 2020. Celebrating the fifth debut anniversary in Japan, Twice’s fourth Japanese album “Celebrate” is slated for release on July 27. Nayeon of Twice will release her first album as a solo artist as well. Her EP “...

Samsung Electronics Co. said Monday it has reached a tentative deal to provide a high-end LED signage system to Inspire Entertainment Resort, an integrated resort under development by U.S. casino operator Mohegan Gaming & Entertainment (MGE), set to open next year in Incheon, 40 kilometers west of Seoul. Samsung said it has signed a memorandum of understanding with Inspire Integrated Resort Co.,...

South Korean insurance companies' loans to households grew at a slower pace in the first quarter of this year from three months earlier due to tougher lending rules, data showed Monday. Insurers' outstanding loans to households totaled 128.8 trillion won ($99.77 billion) as of the end of March, up 300 billion won from the previous quarter, according to the data from the Financial Supervisory Ser...

HEIHE, China , June 20, 2022 /PRNewswire/ -- On June 18 , "The Amazing Rivers: Heilong River & Ussuri River", a grand cultural media live broadcast show, was officially launched by Heilongjiang broadcast TV station. This is the first panoramic promotion of the Heilong River and Ussuri River, two boundary rivers between China and Russia , by the media in China . In the first phase, ...

SINGAPORE , June 20, 2022 /PRNewswire/ -- Aiken Digital, a global growth agency that specialises in growth consulting, experience design, system development, creative & content, XB ecommerce and SaaS products, and Onyx Island, a leading digital experience agency in APAC, announced today on the completion of the merger between Aiken Digital and Onyx Island with a total workforce strength of 80 ...