Kim In-chul, the nominee for deputy prime minister and education minister, denied allegations that his family unfairly received Fulbright scholarships from an association he was closely related to, arguing all procedures were fair. On Wednesday, the parliamentary confirmation hearing team for the Education Ministry representing Kim released a statement denying the allegations brought against his...

Starbucks Korea CEO Song ho-seob (third from right), Rep. Yun Ju-kyung (second from right) and Myung No-seung, chairman of the Patriot Maeheon Yun Bong-gil Memorial Association (third from left) and Yun Yeo-du, president of Maeheon Yun Bong-gil Woljinhoe (second from left) pose for a photo after Starbucks Korea donated 20 million won ($15,800) and 1,932 tumblers to the two associations to mark th...

A sibling feud over Ourhome, a Korean food company, has reignited as Koo Bon-sung, Ourhome’s former vice president and the eldest heir, launched a legal challenge against his sister and Vice President Koo Ji-eun. Koo Bon-sung and Koo Mi-hyeon, the eldest sister of the Koo family, released a statement Tuesday saying that they have filed a requisition to Seoul Southern District Court to convene a ...

Korean biotech company Lemonex said Wednesday that it will begin phase one clinical trials for its new siRNA gene therapy drug LEM-S401, following the approval of its investigational new drug application on April 15 by the Ministry of Food and Drug Safety. siRNA drugs inject small-interfering RNA molecules to augment or inhibit disease-related genes. LEM-S401 is a siRNA drug used to treat and pr...

Moon responded to some of the questions -- including ones on prosecution reform, change in the prosecution's investigative powers and COVID-19 related policies -- with silence, rhetorical questions and dodging. The following night’s episode focused on Moon and his administration’s role in foreign policies and international relations, including policies concerning the US, China, Japan and North K...

President-elect Yoon Suk-yeol comes into office as South Korea’s huge omicron wave is subsiding. Daily cases have been falling for six consecutive weeks, now down by nearly 80 percent from the peak in mid-March. The presidential transition team’s COVID-19 task force on Wednesday unveiled a plan illustrating how the new administration would handle the recovery phase of the pandemic. Last week in...

In line with the Y2K trend, braided hair will continue to be loved by women with long hair. It is the easiest way to get variety without cutting or coloring, they said. “While retro has always been popular, braided hairstyles awaken far-back memories. It was also revived as a recent trend, following recognition of dancers who appeared on Mnet’s ‘Street Woman Fighter,’” Kim said. “In addition to ...

Mercedes-Benz Korea has continued to raise funds and run programs for social contributions through its Corporate Social Responsibility Committee since 2014. In March, the Korean arm of the German automaker raised 1 billion won to help residents in eastern coastal regions affected by forest fires. In 2020, the company raised 1.8 billion won to help medical staff and those vulnerable to COVID-19....

A North Korean newspaper claimed Wednesday that Kim Jong-un’s leadership enabled the country to develop “absolute” military power and protect the North Korean people from external threats and danger of invasion. The Rodong Sinmun, an organ of the ruling Workers’ Party of Korea, highlighted the North Korean leader’s purported achievement in bolstering military strength two days after the massive ...

LG Energy Solution said Wednesday it plans to invest 7 trillion won ($5.54 billion) this year to boost its production capacity in key markets while improving profitability overall by offsetting the impact from supply chain constraints and rising costs. The South Korean battery giant unveiled its plans during an earnings conference call earlier in the day. The big spending, up more than 10 perce...

South Korean memory chipmaker SK hynix saw its best first-quarter revenue in history, while its operating profit jumped more than twofold compared to the previous year, despite weakening demand for consumer electronics and external uncertainties such as lockdowns in parts of China and Russia’s invasion of Ukraine. According to an earnings guidance, SK hynix logged 12.16 trillion won ($9.63 billi...

South Korea was excluded from the list of countries that Ukraine thanked for support in its ongoing defense against Russia’s invasion, drawing mixed response from the public after the East Asian country publicly provided humanitarian aid, but declined to supply arms. A video posted by the Ukrainian Ministry of Foreign Affairs’ official Twitter account on Monday showed a list of 31 countries it d...

SK Inc., a holding company of South Korea’s second-largest business group, said Wednesday it would become a controlling shareholder of local electric vehicle semiconductor firm Yes Power Technix in a 120 billion won ($95 million) deal. The strategic investment involving a share sale and a new rights offering means that SK Inc. will control a 95.8 percent stake in the company. Based in Pyeongtaek...

South Korea’s liberal Democratic Party of Korea is pushing to put the controversial prosecution bill up for a final vote, having arbitrarily passed the bill through a parliamentary committee by early Wednesday morning. The National Assembly started a plenary session at 5 p.m. where the Democratic Party was targeting to present proposed revisions to the Criminal Procedure Act and the Prosecutors’...