Starbucks Korea, the nation’s No. 1 specialty coffee chain, said Wednesday it is considering bumping up the price for a cup of Americano in almost eight years due to the price surge in coffee beans imported from overseas. “Even when other franchise coffee shops have increased their coffee prices, we have fixed our price rate. It was bearable back then, but since COVID-19, the price of coffee bea...

Police are stepping up an investigation into South Korea's single largest embezzlement case that has engulfed a local medical equipment producer, officers said Thursday, following the arrest of a suspect the previous day. A 45-year-old employee of Osstem Implant Co., identified only by his surname Lee, was arrested at his residence in Paju, 30 kilometers north of Seoul, on Wednesday on charges o...

More than 16,000 people joined a year-end bell-ringing festival hosted by the Seoul city government in the metaverse, the digital arm of the city said Thursday. The Seoul Digital Foundation said an accumulated 16,067 people joined the metaverse festival marking the new year during its eight-day run from Dec. 25. The metaverse event included a midnight bell-ringing ceremony on New Year's Eve, to...

The Collection has been designed with three key elements: a design that blends into the space, optimized performance and a state-of-the-art user experience. By focusing on the products‘ original functions, the products‘ designs harmonize with their surroundings to compliment any home’s aesthetic mood, the company said. “Globally, we are all spending more time in our homes than ever. This has on...

In a last-ditch effort to regain eligibility for the Beijing Winter Games, South Korean Olympic short track speed skating champion Shim Suk-hee has filed for a court injunction against a ban by the sport's national federation, a source said Thursday. The source, privy to the legal proceedings, said Shim asked the Seoul Eastern District Court on Monday to nullify a two-month suspension by the Kor...

Hyundai Heavy Industries Group, which has topped the global shipbuilding industry for the past 50 years, will embark a new mission to become a “future builder,” the company’s CEO said at the Consumer Electronics Show 2022 on Wednesday. “Starting from the sea, HHI Group’s technological innovation will change the lives of people in the future,” said Hyundai Heavy Industries Holdings CEO Chung Ki-s...

South Korean shipbuilders received the largest orders in eight years in 2021, and the country ranked the world's No. 1 in terms of the construction of high value-added vessels, the industry ministry said Thursday. Local shipbuilders won new orders totaling 17.44 million compensated gross tons (CGTs) last year, more than doubling from the previous year's 8.23 million CGTs, according to the data c...

South Korea plans to provide tax incentives for research and development (R&D) on green technology designed to help cut carbon emissions in an effort to nurture new industries, the finance ministry said Thursday. Currently, the country has picked 235 technologies in 12 sectors, including next-generation vehicles and bio health, as "new growth and original technologies" and provided tax incentive...

Excess funds held by South Korean households and nonprofit agencies increased in the third quarter of last year on a rise in income from pandemic-related state support and less spending on houses, central bank data showed Thursday. Net financial funds -- the value of financial assets minus financial liabilities -- held by local households and nonprofit organizations serving households amounted t...

After winning their 11th Korean Series title in 2017, the Kia Tigers snuck into the postseason in 2018 and then missed the party in each of the next three years. And their new manager, Kim Jong-kook, said Thursday he will look to end the drought in 2022. "We have improved our squad with some aggressive investments in the offseason, and I will make sure these efforts will not go to waste," Kim s...

South Korea's vice foreign minister has held back-to-back talks with top negotiators of the five countries involved in Vienna-based talks aimed at reviving a 2015 Iranian nuclear deal, its foreign ministry said Thursday. Choi Jong-kun was in the Austrian capital for the talks as Seoul hopes the restoration of the Joint Comprehensive Plan of Action (JCPOA) would help address the thorny issue of I...

Korean gaming giant Nexon said Thursday it has decided to invest $400 million into US production company Agbo, co-founded by Anthony and Joe Russo, the directors of Marvel’s global megahits. Through the latest investment, the Tokyo-listed Nexon plans to accelerate the global expansion of its existing and new intellectual property in the film and TV sectors, while Agbo looks to further boost its ...

Ruling party presidential candidate Lee Jae-myung is leading his main opposition rival Yoon Suk-yeol with 36 percent support against Yoon's 28 percent, a survey showed Thursday. Lee of the ruling Democratic Party lost 3 percentage points from last week, while Yoon of the main opposition People Power Party remained unchanged, according to the survey of 1,000 adults conducted Monday through Wednes...

The new regular season for South Korean professional baseball will open April 2, the league office announced Thursday. The Korea Baseball Organization (KBO) said its 10 clubs will each play 144 games, per usual, starting the first weekend of April. The top five clubs from the 2020 season will host the two-game series on the opening weekend. The matchups are: the Hanwha Eagles against the Doosan...

South Korea, the United States and Japan have postponed their trilateral defense ministerial talks that they had considered holding this month, Seoul's defense ministry said Thursday. Japanese media outlets reported earlier that the three countries have decided to delay the talks set to take place next Thursday in Hawaii due to the spread of the omicron variant. "There were not any discussions ...