Hyundai Motor Group’s luxury Genesis G90, which is set to hit the market in the fourth quarter this year, will feature level 3 autonomous driving with a maximum speed limit of 60 kilometers per hour. According to industry sources Sunday, the Korean auto giant has recently decided to lower the speed limit of the new system in line with international standards set by the UN Economic Commission for...

North Korea has touted progress in curbing and controlling the COVID-19 pandemic, but admitted that the country is bracing for another wave of infections that could stem from the spread of new variants. The Political Bureau of the Party Central Committee on Sunday convened a consultative meeting at the headquarters of the ruling Workers’ Party of Korea in Pyongyang under the guidance of North Ko...

Millie’s Library, one of South Korea’s largest e-book subscription platform, said Sunday that it is set for a market debut by the end of this year. The company filed a preliminary prospectus on Friday stating that it will offer 2 million common shares out of the total 8,234,901 shares. If the initial public offering process goes as planned, it will be the country’s first e-book platform to go pu...

South Korean authorities and major cryptocurrency exchanges are cranking up the heat on controversial “stablecoin” terraUSD and its sister luna over its price fall fiasco, with the prosecution launching a crackdown on the case, reports said Sunday. Major crypto exchanges here are planning to form a joint body that would help them counter crises like the collapse of the terraUSD and luna, which c...

Actor Song Kang-ho became the first Korean male actor to win an acting prize at the Cannes Film Festival, grabbing the award for best actor for his role as a “baby broker” in Japanese director Hirokazu Kore-eda’s “Broker” on Saturday. This marked the 55-year-old’s seventh invitation to the prestigious film festival, but it is the first title the veteran actor has won at Cannes. Song starred in s...

The nine-member jury led by French actor Vincent Lindon gave the Palme d’Or to Swedish director Ruben Ostlund’s class warfare comedy “Triangle of Sadness.” This is the director’s second win of the top honor prize after “The Square” in 2017. Actor Zar Amir Ebrahimi was named best actress for her role as a journalist in Ali Abbasi’s “Holy Spider.” The jury prize went to “Le Otto Montagne” directe...

The ruling and opposition parties agreed Sunday on a 62 trillion-won ($49.4 billion) extra budget aimed mainly at helping pandemic-battered small merchants and others, a ruling party official said. Kweon Sung-dong, floor leader of the ruling People Power Party, said he and his Democratic Party counterpart, Park Hong-geun, reached the agreement to handle the supplementary budget bill at a parliam...

A South Korean-made armored vehicle roared through puddles, traversed unpaved roads and shifted course smoothly in its first local capability demonstration open to the press at an Army training site. The manufacturer, Hanwha Defense, held the event highlighting the maneuverability of the Redback -- the vehicle designed to meet the Australian military's operational requirements -- at the 11th Man...

More than 170 employees from banks and other financial firms have embezzled more than a combined 100 billion won ($79.62 million) over the past five years, but about a mere 11 percent has been retrieved, data showed Sunday. Calls have grown recently for financial firms and authorities to strengthen overall management and supervision in the wake of a series of embezzlement cases, particularly aft...

Former and incumbent Herald Corp. senior managers met at Cheonggyesan, a mountain located in the district of Seocho-gu in Seoul, on May 28, to promote solidarity and harmony. It was the first time the members of the Herald Retirees’ Club met in three years due to the COVID-19 pandemic. It was attended by about 40 members, including club Chairman Park Haeng-hwan, Honorary Chairman Yun Ik-han, Her...

President Yoon Suk-yeol on Sunday congratulated director Park Chan-wook and actor Song Kang-ho on winning the best director and the best actor awards at the Cannes Film Festival, saying the prizes confirmed the competitiveness of the Korean movie industry. In a message to Park, Yoon praised the director's Cannes-winning movie "Decision To Leave," saying it "again confirmed the Korean movie's uni...

New COVID-19 cases stayed below 20,000 for the fourth consecutive day Sunday, as the omicron-fueled spread of the virus has slowed down in recent weeks. The country added 12,654 new infections, including 26 cases from overseas, bringing the total caseload to 18,080,323, the Korea Disease Control and Prevention Agency (KDCA) said. It marked the lowest in 18 weeks for any Sunday and came to about...

TOKYO -- Defense ministers of South Korea, the United States and Japan have been arranging trilateral talks on the sidelines of an annual security forum in Singapore next month, Japan's Kyodo News reported Sunday. South Korean Defense Minister Lee Jong-sup and his US and Japanese counterparts, Lloyd Austin and Nobuo Kishi, are reportedly expected to join the Shangri-La Dialogue in Singapore set ...

South Korean auteur Park Chan-wook said during a press conference in Cannes, France, on Saturday (French time) that the future of cinema is tightly connected with that of movie theaters, which bring incomparable cinematic experience. "Our experience to entirely focus on a film and enjoy it along with many people at a movie theater is out of comparison," he said in a press conference after the cl...

North Korea's daily new suspected COVID-19 cases stayed below 100,000 for the second straight day, according to its state media Sunday. More than 89,500 people showed symptoms of fever over a 24-hour period until 6 p.m. the previous day, the official Korean Central News Agency (KCNA) said, citing data from the state emergency epidemic prevention headquarters. It again gave no information on whet...