With Millennials and Generation Z -- those born from the 1980s onward -- emerging as major players in the luxury industry, South Korea ranked No. 10 in high-end fashion transactions last year, a report showed Wednesday According to Samjong KPMG, a Seoul-based consulting firm, the country’s luxury goods market size soared on-year by 29.6 percent to $5.8 billion in 2021. By 2024, it is projected t...

South Korean steelmaking giant Posco said Wednesday that its high manganese steel which withstands extremely low temperatures has received technical approval from global energy firm ExxonMobil for usage in LNG storage tanks. The two firms joined in a technical partnership in 2020 to expand the use of high manganese steel which Posco succeeded in mass-producing for the first time in the world. H...

Protest message to Biden Seoul-based experts said North Korea’s planned missile launches mainly aim to deliver a message to the Biden administration. It was also to protest against the US move to rally its allies and partners in the Indo-Pacific region to address key security challenges including mounting missile and nuclear threats posed by North Korea. The missile launches came hours after ...

SINGAPORE , May 25, 2022 /PRNewswire/ -- Constellar celebrated a year of outstanding achievements at the 2022 Singapore Tourism Awards in the categories of Outstanding Event Organiser for Industrial Transformation ASIA-PACIFIC 2021 (Recipient), Outstanding Event Venue Experience for managed MICE venue Singapore EXPO (Finalist) and Outstanding Business Event for Singapore FinTech Festival (Fi...

Back in 2007, a small but significant step was taken by the Ministry of Education when it decided to revise school textbooks to remove a certain widely used phrase: “Our country has continued a tradition of a mono-ethnic country, which is rare in the entire world.” Despite the government making various policies for the rising population of people with different ethnic backgrounds in recent years...

South Korea’s Foreign Ministry conveyed regrets to the Chinese and Russian governments via diplomatic channels after the two countries deployed multiple warplanes into Korea’s air defense zone without prior notice, and warned against a recurrence, the ministry said Wednesday. Early Tuesday, two Chinese and four Russian fighter jets entered the Korea Air Defense Identification Zone without notice...

The deal further strengthens ADA's end-to-end eCommerce capabilities in the region, poised at growing the eCommerce technology and solutions space With the deal, ADA will now service SingPost's eCommerce clients with full spectrum of integrated media, creative, analytics, and eCommerce solutions SINGAPORE , May 25, 2022 /PRNewswire/ -- ADA , the region's first integrated end-to-end eCommer...

SEOUL, South Korea , May 25, 2022 /PRNewswire/ -- Pearl Abyss announced today that the new Drakania class has arrived in Black Desert Console . New Season servers are also available to help Adventurers progress with the new class even faster. [Image] New Drakania Class Black Desert 's 24 th newest class, Drakania, is the antithesis of Guardian who stands as the Destroyer of Ynix. She wi...

The second launch of South Korea’s homegrown Nuri rocket will take place on June 15, about eight months after its first blastoff failed to complete its mission in October last year, the Ministry of Science and ICT said Wednesday. The launch control committee, composed of officials at the Science Ministry and the Korea Aerospace Research Institute, left a window of backup launch dates open from J...

This year’s H.eco Forum, held under the theme of “Climate Crisis and the Ocean,” is to shed light on the risks our oceans are facing and the possible consequences for humanity. H.eco Forum, launched last year, is an annual event designed to bring awareness on climate crisis. It invites environment experts in and out of Korea, serving as a platform for discussions. The upcoming edition of the fo...

Korbit, one of South Korea’s top four cryptocurrency exchanges, has decided to delist luna, the sister coin of controversial stablecoin terraUSD, on Wednesday, following in the steps of other top platforms such as Bithumb and Upbit. The decision comes a day after chiefs of major crypto exchanges here were criticized by lawmakers for their “uncoordinated” response towards the price fall fiasco of...

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Standard Chartered Bank Korea said it will offer a special interest rate of up to 2 percent per annum to new customers opening a checking account by May 31. Launched in July last year, the SC My Signature account has been popular for its stable interest rate amid high market volatility. For those with over 100 million won ($79,140) in SC bank transactions, an interest rate of up to 1.7 percent ...

With just seven days left until the local elections and parliamentary by-elections on June 1, latest public opinion surveys are hinting a clear lead for the ruling People Power Party and its candidates in many regions. Out of 17 metropolitan mayoral and gubernatorial elections, the People Power Party has shown a strong lead in 10 of the posts, compared to four for the main opposition Democratic ...

In the aftermath of a divisive race that put a conservative back into presidency, the Democratic Party of Korea’s candidate for mayor of Seoul, Song Young-gil, said he would serve as “a voice for the other half.” On June 1, Koreans head to polls for elections to pick municipal heads and fill vacant parliament seats. “0.73 percent. That’s how thin the margin was,” he said as he sat down for an in...