South Korea’s central bank plans to give appropriate “signals” to quell inflationary pressure, the nominee for the Bank of Korea chief said Tuesday, confirming his stance for further rate hikes in months to come. Rhee Chang-yong, former director of the Asia and Pacific department at the International Monetary Fund, told lawmakers that the central bank will focus on placing a cap on the high infl...

President-elect Yoon Suk-yeol is likely to meet US President Joe Biden at the global COVID-19 summit virtually first, and the two are expected to meet face-to-face around May 20 in Seoul to strengthen their alliance against North Korea and China. The US will co-host the second global COVID-19 summit on May 12, a virtual gathering intended to build momentum for vaccine donations, attended by lead...

The US said it is willing to discuss the “full range” of North Korea’s concerns only through dialogue, whereas a pro-North Korea newspaper said it will continue weapons development to “subdue” and overpower the US. The US State Department on Monday reiterated the Biden administration’s two-pronged approach to keep the door open for dialogue and hold North Korea accountable for illicitly developi...

Video streaming platform Disney+ on Tuesday announced that it will release sci-fi romance drama “Sixth Sense Kiss,” starring actors Yoon Kye-sang and Seo Ji-hye, in May. The drama is an adaption of Naver Series’ famous web novel with the same title. The novel has more than 732,000 subscribers and drew over 29.3 million cumulative views on Naver Series’ global platform. The web novel, written by...

Former Infinite member Lee said he is not a big fan of horror films, but decided to join the project because of director Hong. “I shot many music videos with director Hong Won-gi. I knew that it would be fun to work with him,” Lee said. “Urban Myth” features a collection of 10 short horror stories that take place in Seoul. It includes ghost stories familiar to many as well as those created base...

The first nationwide meeting of junior prosecutors in 19 years has been called, as the prosecution continues to vocally oppose the legislative push to strip investigative powers from the law enforcement agency, despite growing calls for the ruling party to stop acting against public interest. At 7 p.m. Tuesday at the Supreme Prosecutors’ Office in Seocho-gu, southern Seoul, around 150 junior pro...

Samsung Electronics is offering free pickup and delivery repair service for customers in war-torn Ukraine. According to its Ukraine unit on Tuesday, the Korean tech giant will pick up mobile devices to be repaired for customers living in areas where its service centers cannot be operated, and then deliver the devices to their homes. All of Samsung’s mobile devices, including smartphones, tablet...

Songkran Music Festival will be held in Korea for the first time in July, fighting off the summer heat with water and heart-thumping music, according to the festival organizer BEPCTangent Creative on Tuesday. S2O Korea will take place at Seoul Land in Gwacheon, about 20 kilometers south of Seoul, on July 9 and 10. It will feature top electronic dance musicians while 1 million liters of water is ...

Six out of 10 South Koreans support the alternative military service of K-pop sensation BTS, whereas a larger number than that agreed the septet could contribute better by promoting the national prestige through alternative service than by serving active military duty. According to a survey of 500 adults nationwide by pollster Realmeter, 65.5 percent of the respondents answered that they agreed ...

Since the release of Netflix’s mega-hit Korean original “Squid Game” last year, English-language online posts related to Hallyu, or the Korean Wave, have increased approximately 30-fold, according to a Korean Foundation for International Cultural Exchange report released Monday. The Culture Ministry and KOFICE jointly analyzed data from three online media platform categories -- video and social ...

GUANGZHOU, China , April 19, 2022 /PRNewswire/ -- The 131 st Canton Fair has hosted another "Trade Bridge" event on April 14 to connect Tbilisi of Georgia and Guangzhou . The Fair also signed a global partnership with Georgia via an online signing ceremony and arranged a special event for Georgian wine companies. Georgia is known as the hometown and place of origin of the wine. With m...

TOKYO , April 19, 2022 /PRNewswire/ -- PEI-Genesis is extremely excited to announce the appointment of Shoko Kuri as the Country Manager, Japan effective February 14 th . Shoko-san based in Tokyo is PEI's first employee in Japan . Shoko-san reports to David Lee , Sales Director of North Asia . Shoko-san has come to the PEI family with close to 20 years in connector sales and ma...

The Heimlich maneuver is rapid first-aid procedure to treat choking, which uses sudden pressure against the abdomen to force objects out of the throat. On the issue, Yang declined to make any public statement, his agency Line Entertainment said. Having debuted in 2003, the comedian currently stars in variety shows including MBC’s “Omniscient Interfering View,” “Save Me! Holmes” and the above-me...

The number of employees in the food service segment rose 1.2 percent on-year in October last year as the job market improved amid the economic recovery, data showed Tuesday. The number of people employed at restaurants and eateries reached 1.56 million last October, up 19,000 from a year earlier, according to Statistics Korea. The tally slowed from an on-year increase of 65,000 six months earli...

Foreign currency deposits at banks in South Korea fell in March as South Korean companies withdrew US dollars for their planned overseas investments and individuals sold their dollars for profit-taking, central bank data showed Tuesday. Outstanding foreign currency deposits held by banks in South Korea reached $92.71 billion as of end-March, down $5.43 billion from a month ago, according to the ...