“Though many citizens who commute on the subway every morning have complained, the blame is on the politicians who can’t even ensure the right to travel for the disabled despite being the 10th largest economy, not those protesting,” she said, adding she would secure the budget. In a statement, the Solidarity against Disability Discrimination said they would suspend the protests as requested by S...

Drone Show Korea 2022 kicked off Thursday to showcase the latest innovations of major South Korean aviation and defense firms, offering a glimpse into future drones that will become available in daily lives in a few years ahead. During the three-day event held at Bexco in Busan, LIG Nex1, a local defense firm that specializes in missiles, unveiled KCD-200, a drone that can transport payloads hea...

The other highlight at the fair is the Designers’ Choice section, where designers Kim Hye-jin and Jong Kim are holding exhibitions titled “Walden 2022” and “Con-sol-ation,” respectively, suggesting the industry‘s key trends for this year. Statistics Korea predicted the country’s home furnishing industry to grow to 18 trillion won ($15 billion) by next year. Including home interior and remodeling...

PYEONGCHANG, Gangwon Province -- The renowned American investor Jim Rogers still bets on the Korean Peninsula as the most exciting place for investment in the next 20 years once the heavily fortified border opens up, despite no signs of Pyongyang abandoning nuclear weapons and returning to diplomacy with the outside world. “Once we open the 38th parallel, this is going to be the most exciting...

WASHINGTON (AP) -- As the Biden administration prepares its response to Russia's attack on Ukraine, the Treasury Department is tasked with finding ways to choke off parts of Russia's economic development. One key question for the administration is how to measure the success. With inflation already at record highs, a global pandemic that keeps businesses struggling to reopen and an energy shorta...

MOSCOW (AP) -- Russia launched a wide-ranging attack on Ukraine on Thursday, hitting cities and bases with airstrikes or shelling, as civilians piled into trains and cars to flee. Ukraine's government said Russian tanks and troops rolled across the border and accused Moscow of unleashing a "full-scale war" that could rewrite the geopolitical order and whose fallout already reverberated around the...

The blame game is intensifying between the main opposition People Power Party and minor People’s Party over the failure to reach an agreement to merge their respective campaigns for the upcoming presidential election, with the respective chiefs revealing their under-the-table negotiations. Amid a widening gap between the two opposition parties, the ruling Democratic Party of Korea has reached ou...

A petition demanding a halt to the current group home system for Afghan evacuees in Ulsan has gained more than 15,180 A petition demanding a halt to the current group home system for Afghan evacuees in Ulsan has gained more than 15,180 signatures, as of Thursday. It also calls for the assignment of the young refugees to foreign schools, not regular local schools. “Without listening to voices of ...

South Korea’s central bank on Thursday kept its benchmark interest rate anchored at the current 1.25 percent, but sharply revised its annual inflation outlook to a decade high of 3.1 percent. The Bank of Korea’s seven-day monetary policy board unanimously voted to freeze the key rate at the level it maintained since it delivered a 0.25 percentage point rate hike in January. The January decision ...

A week prior, Samsung signaled a stronger push for a more inclusive Galaxy ecosystem, teasing its upcoming release of the new Galaxy Book. The new device is likely to succeed the company’s flagship lightweight laptops primarily for office users, Galaxy Book Pro and Book Pro 360, first unveiled at the Samsung Unpacked in April 2021. They are to be supported by Intel chips and Microsoft apps like ...

South Korea’s Hana Financial Group has partnered up with the nation’s top university in science and technology to bolster the scientific approach toward achieving carbon neutrality by 2050. On Thursday, Hana said it signed a deal with the Korea Advanced Institute of Science and Technology with the goal of developing new technology based on environmental, social and governance values. The goal wo...

President Moon Jae-in on Thursday said that the country will cooperate with the international community, including measures such as sanctions against Russia, following Russian attack on Ukraine. Tensions between Moscow and Kyiv are at their highest in years after Russian troops launched their anticipated attack on Ukraine on the day. “The use of force that causes innocent casualties cannot be j...

A military confrontation between Russia and Ukraine could disrupt supply of raw materials, potentially exacerbating the ongoing global chip shortage, analysts said Thursday. Russia and Ukraine produce raw materials, such as neon, used in chipmaking processes, raising concerns that the escalating tension could disrupt the supply of key materials. According to market research firm TrendForce, Ukr...

Hyundai Motor Group said Thursday it has earned the most safety pick awards from the U.S. Insurance Institute for Highway Safety (IIHS), beating rivals such as Volkswagen and Volvo. Eleven models from the South Korean automotive group garnered the Top Safety Pick+ (TSP+) awards and 10 models obtained the Top Safety Pick (TSP) awards, Hyundai said in a statement. The group has Hyundai Motor Co.,...

South Korean pharmaceutical giant Celltrion Inc. on Thursday anticipated its antibody treatment against COVID-19 under development would show efficacy against the omicron variant. Celltrion said that CT-P63 has maintained strong neutralizing ability against the omicron variant during pseudo-virus testing. The candidate treatment is currently under clinical trials. The announcement comes after l...