Container volume at Incheon Port, the nation’s gateway for seaborne trade, has tumbled to a six-month low due to severe bottlenecks at major ports around the world and more lucrative offers by Chinese cargo owners. According to Incheon Port Authority on Sunday, the goods volume transported through the port was 1.64 million 20-foot-long containers in the June to November period this year, down 5....

Edison Motors, South Korea’s leading EV bus maker, and the bankrupt SsangYong Motor are likely to seal their merger and acquisition deal this week. Legal circles and automobile industry insiders expect the M&A to take place by this week or by January 7 the latest. “We need to adjust the contents of the contract, but if the discussion goes well, it can be done within this month. If the adjustmen...

Scented skincare Creating a unique and enjoyable smell is also becoming important for skin care brands. And more new K-beauty brands are starting to apply unique and signature fragrances to their products. “It used to be only luxury, niche perfume brands that applied their signature scent to hand creams and body lotions. Now we are seeing more Korean skincare brands putting extra care in smell ...

SK Group Chairman Chey Tae-won, who doubles as head of the Korea Chamber of Commerce and Industry, has called for a justifiable and practical approach to dealing with the governance structure issue of South Korean conglomerates. “Samsung had a leader who jumped into semiconductor (business) and overcame difficult challenges. Without such structure, who could have had managed such risks?” the KCC...

People Power Party presidential candidate Yoon Suk-yeol’s spouse Kim Keon-hee apologized in public Sunday for causing controversy with the allegations that she had made false claims about her career history. “There were my faults in the process of working and studying together,” Kim said with her head bowed as she read out a statement at a press conference in Seoul. “I inflated my career to look...

Over the Christmas weekend, extreme cold with heavy snowfall hit large parts of Korea, with temperatures dropping to as low as minus 25.4 degrees Celsius in some regions and heavy snow leading to flight cancellations. With the mercury beginning to fall from Saturday afternoon, the capital city’s Sunday morning low reached minus 16 C, the coldest temperature in December in nearly 41 years. The lo...

The landscape of South Korea’s game industry has been shaken up in the past year, as newcomers took the market by storm while traditional powerhouses slipped. Krafton, developer of online multiplayer shooter PlayerUnknown Battlegrounds, and Kakao Games, maker of massively multiplayer online role-playing game Odin: Valhalla Rising, saw their sales soar on-year, as the two games gained popularity ...

South Korea's military on Sunday reported 31 additional COVID-19 cases, including 30 breakthrough infections, raising the total caseload among its personnel to 3,120. Of the new cases, 22 are from the Army, six from the Navy and three from units under the direct control of the defense ministry. Currently, 278 military personnel are under treatment. Of the total military caseload, 1,327 are brea...

The wife of Yoon Suk-yeol, presidential candidate of South Korea's main opposition party, apologized Sunday over allegations of past misdeeds that have continued to plague Yoon's campaign for the March 9 election. Kim Keon-hee, wife of Yoon who is running in the election as candidate of the People Power Party, has faced allegations that she falsified her credentials when applying for teaching po...

“According to the broadcast, the scores of the two teams changed from 2-1 to 2-2 after Saori scored a goal. But the numbers on the scoreboard were already 3-1. The game’s final score was 3-2. I can’t help but doubt about the production team,” the online post read. “Kick a Goal,” which has topped viewership ratings among variety shows airing in the same time slot for more than six weeks, has soli...

Comedian Moon Se-yoon wrapped up 2021 in triumph, winning the grand prize at the KBS Entertainment Awards on Saturday. Recognized for his achievements on three TV shows -- “Godfather,” “Trot Magic” and “2 Days & 1 Night,” the 39-year-old entertainer was awarded the top prize at KBS headquarters in Yeouido, western Seoul. There were four other nominees for the grand prize this year, including 20...

COVID-19 provided valuable lessons for future cooperation between Indonesia and South Korea in health, biopharmaceuticals, energy and technology, said Indonesian charge d’affaires Zelda Wulan Kartika at the Eurasian Economic and Cultural Forum on Wednesday. According to Kartika, by promoting strategic projects and investments in infrastructure, the food industry and the digital economy, and expa...

The public and private financial sectors have recently appointed more women for leadership amid their drive to adopt environmental, social and governance values, but the field remains overwhelmingly male. The watchdog Financial Supervisory Service on Wednesday appointed its first “inside” female executive, a turn from its previous moves to hire women for the position from outside institutions in...

President Moon Jae-in will meet with leaders of South Korean conglomerates, including Samsung chief Lee Jae-yong, to thank them for their efforts in participating in government-led job creation projects for young people and discuss implementation plans on Monday, Cheong Wa Dae confirmed Sunday. The meeting will be attended by Samsung Electronics Vice Chairman Lee Jae-yong, Hyundai Motor Chairman...

K-pop singers have gathered at local broadcaster SBS’ year-end music show, making Christmas even more special for both music fans and viewers on Saturday. Under the theme of “Welcome,” this year’s SBS Music Awards took place at the Namdong Gymnasium, in Incheon. The show was broadcast live on its main channel at 6 p.m., while a live audience was invited to the venue. SHINee’s Key, ITZY’s Yuna an...