Swedish premium electric carmaker Polestar on Tuesday launched the Polestar 2, its first fully electric, high-volume model, in South Korea to gain a share in the local EV market. The Polestar 2 electric performance fastback is equipped with a 78kWh battery and can travel up 417 kilometers on a single charge, the company said in a statement. Volvo Cars owns a controlling stake in Polestar, the f...

South Korea's antitrust regulator said Tuesday it has decided to impose a combined fine of 96.2 billion won ($80.7 million) on 23 Korean and foreign shippers for their 15-year-long collusion to fix freight rates. Since 2018, the Fair Trade Commission (FTC) has been looking into allegations that the country's top shipper, HMM Co., and 22 local and foreign shipping lines colluded to fix higher fre...

Deposits will be needed to buy drinks using disposable cups at cafes and fast-food chains starting in June as part of efforts to reduce plastic waste spiking amid the pandemic, the environment ministry said Tuesday. Starting on June 10, people will have to pay a deposit between 200 won ($0.17) and 500 won per disposable cup they buy drinks in at coffee shops and fast-food chains. The deposit wi...

The presidential candidates of the ruling and main opposition parties will have their first one-on-one TV debate next week, the ruling Democratic Party (DP) said Tuesday. DP candidate Lee Jae-myung will face off against People Power Party candidate Yoon Suk-yeol at 10 p.m. on Jan. 27 for a 120-minute debate jointly hosted by the three terrestrial TV stations KBS, MBC and SBS. The DP said the br...

KUALA LUMPUR, Malaysia , Jan. 18, 2022 /PRNewswire/ -- Patrick Mouratoglou and Epsom International School ("Epsom") announce the launch of the Mouratoglou Tennis Programme at the Epsom campus in Kuala Lumpur, Malaysia . The Programme is designed and overseen by Patrick Mouratoglou , Serena Williams' renowned tennis coach responsible for steering her to 10 out of 23 Grand Slam wins and ...

SUWON -- The KT Wiz, after years as the bottom feeder of South Korean baseball, finally earned their inaugural Korean Series title in 2021. And the goal for their manager, Lee Kang-chul, in 2022 is simple: defend that championship. "I feel like defending the turf is a lot more difficult than going after the trophy the first time," Lee said in an interview at KT Wiz Park in Suwon, about 45 kilom...

Hyundai Capital Services Inc., South Korea's leading auto finance company, said Tuesday it has launched a joint venture with CGI Finance, a subsidiary of France's Societe Generale Group. Hyundai Capital France will provide auto finance, including lease, loan and insurance, for customers of Hyundai Motor Group -- Hyundai Motor Co. and Kia Corp. -- and financing services for dealers in France, the...

South Korea's military on Tuesday reported 24 additional COVID-19 cases, including 23 breakthrough infections, raising the total caseload among its personnel to 3,657. Of the new cases, 19 are from the Army, three from the Air Force and two from the Marine Corps. Currently, 237 military personnel are under treatment. Of the total military caseload, 1,833 are breakthrough cases. (Yonhap)

South Korean artists released an average 3.8 artistic works to the public in 2021, a sharp drop from 7.8 pieces in 2018, attributable to the COVID-19 pandemic, a government survey showed. According to the Culture Ministry’s triennial survey on 5,000 people in the art industry, the classical music scene was the busiest in 2021 out of 14 art sectors, with 6.4 public works released on average, fo...

Nearly a decade into his club football career, South Korean defender Kwon Kyung-won recently joined his sixth club in the fourth different country. There is more to this than wanderlust for the 29-year-old, who signed with Gamba Osaka of Japan on New Year's Day after stints in South Korea, Saudi Arabia and China. Kwon wants to challenge himself in different circumstances in his never-ending sear...

South Korea's daily coronavirus cases climbed back above 4,000 on Tuesday as health authorities remain vigilant over a possible upsurge in infections and the spread of the omicron variant ahead of the Lunar New Year holiday. The country added 4,072 new COVID-19 infections, including 3,763 local infections, raising the total caseload to 700,102, according to the Korea Disease Control and Preventi...

South Korean stocks opened a tad lower Tuesday, weighed down by persistent inflation woes at home and in the United States. The benchmark Korea Composite Stock Price Index (Kospi) edged up 1.08 points, or 0.04 percent, to 2,973.56 points in the first 15 minutes of trading. Stocks came off to a lackluster start after the key stock index retreated for the previous three straight sessions amid jit...

K-pop boy group Enhypen's latest repackage album sold more than 500,000 copies in the first week of its release, the group's management agency said Tuesday. "Dimension: Answer," a repackaged version of the group's first full-length album "Dimension: Dilemma" released in October, has sold 514,291 copies for a week from last Monday when the album dropped, Belift Lab said, citing data from Hanteo C...

The issuance of asset-backed securities (ABS) in South Korea shrank 22 percent on-year in 2021 due to declined sales of government-led mortgage securities, data showed Tuesday. The ABS issued last year were valued at 61.7 trillion won ($51.8 billion), down 17.4 trillion won from a year earlier, according to the data from the Financial Supervisory Service (FSS). ABS refer to securities based on ...