Most Popular
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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What's next for the government's push in quota hike?
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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N. Korea says it test-fired tactical ballistic missile with new guidance technology
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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[Weekender] Geeks have never been so chic in Korea
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Korean firms target EV charging market in US
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Seoul sees further jump in cost of dining out
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Human rights commission urges Korea to raise awareness of LGBTQ rights
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Seoul to launch real-time flood warning system for drivers this July
The Ministry of Environment is set to unveil a new flood warning system tailored for drivers this July after last summer's deadly incident of underground tunnel flooding. "For the first time this year, navigation guidance will be available to help drivers drive safely in low-lying and other hazardous areas when entering flood warning areas or near the discharge points of the 37 dams managed by the Ministry of the Environment," Environment Minister Han Wha-jin said during a press b
Social AffairsMay 16, 2024
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Seoul shares up for 2nd day on revived rate-cut hopes; won soars to near 2-month high
South Korean stocks finished nearly 1 percent up Thursday as hopes for a possible US rate cut boosted investor sentiment here. The local currency sharply rose to an almost two-month high against the US dollar. The benchmark Korea Composite Stock Price Index added 22.66 points, or 0.83 percent, to 2,753, after reaching an intraday high of 2,773.46 points. Trade volume was moderate at 510.3 million shares worth 13 trillion won ($9.66 billion), with gainers outpacing decliners 531 to 345. Foreign i
MarketMay 16, 2024
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Starbucks Korea to speed up hiring process
Starbucks Korea announced Thursday that the company has introduced a faster hiring process that will halve the time to recruit baristas and workers at its branches. “The existing hiring process takes around 50 days to recruit new employees, but the new hiring process will take roughly three weeks,” an official from Starbucks Korea said. According to Starbucks Korea, the new hiring process will be tested at 50 of its branches across the country. The company could extend the adoption o
IndustryMay 16, 2024
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Kepco to raise electricity prices as total debt soars past W200tr
Despite self-rescue efforts, a hike in electricity prices is inevitable, the Korea Electric Power Corp. Chief Executive Officer Kim Dong-cheol said Thursday. Explaining how the company was able to reduce its snowballing debt through all-out efforts, including a massive personnel restructuring, Kim noted that Korea's electricity prices are far lower than other countries. "The cost of purchasing electricity surged from 2021, but we could not shift the burden into electricity prices, and
IndustryMay 16, 2024
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KITA, FKI chiefs call for mutual benefit from US investment
Heads of Korean business groups raised their voices for Korean companies making vast investments in the US to be treated as they deserve when facing challenges in dealing with trade and supply chain issues involving the US. Starting Monday, Korea International Trade Association Chairman Yoon Jin-sik visited the US for five days along with the Federation of Korean Industries Chairman Ryu Jin to set forth Korean businesses' opinions to ensure that the Korea-US partnership yields outcomes reci
EconomyMay 16, 2024
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Debate on 'no-seniors zones' heats up
The debate has intensified over indoor spaces barring older people, notably sparked by local reports of residents in Jecheon, North Chungcheong Province, debating on online forums whether to designate a newly opened public swimming pool as a "no-seniors zone." One commenter posted: “People over 65 use the pool in a very dirty way, such as urinating in the water, and complain a lot, which ruins the atmosphere. Their use should be restricted.” The pool in question, reportedly
Social AffairsMay 16, 2024
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S. Korea, Cambodia forge strategic partnership
South Korea and Cambodia officially elevated their relationship to a strategic partnership on Thursday at a summit of President Yoon Suk Yeol and his Cambodian counterpart Hun Manet in Seoul. The announcement came "with full confidence in the future of the bilateral partnership" as the two countries acknowledged that their diplomatic ties have grown stronger over the past few decades, according to a joint statement released Thursday. "Since the reestablishment of relations in 1997
PoliticsMay 16, 2024
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Why Korean crime stories typically feature nameless, faceless perpetrators
When opposition leader Lee Jae-myung was stabbed in the neck in a failed assassination attempt in January, the South Korean public remained in the dark about the assailant’s identity, including his name and occupation, until the New York Times disclosed the information. In April, when a Korean NASA engineer was charged in the US with a series of rapes, his name, age and photos were disseminated in US media. But in local media, the Korean suspect was cloaked in anonymity, with his photos
Social AffairsMay 16, 2024
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[KH Explains] Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut
Motional, Hyundai Motor Group’s robotaxi service joint venture in the United States, has hit a rough patch recently, facing major investor pullouts, a delayed service launch and a drastic 40 percent workforce reduction. This turbulence comes as Elon Musk recently announced Tesla’s plans to launch its robotaxi service in August, which experts say has a simpler AI architecture that is less costly to train and run than rivals. Experts say they still expect industry-wide investments in
MobilityMay 16, 2024
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Why is heavy snow falling in mid-May in Korea?
In an unexpected turn of weather events, with snow reaching unforeseen depths and blanketing regions, the national weather agency issued a heavy snow warning for the mountainous areas of northern Gangwon Province as of Wednesday evening. This marked the first time in approximately 30 years -- since 1994 -- that the agency has issued such a warning in mid-May, underscoring the unprecedented nature of this weather event. “While heavy snow warnings have been issued in May in the past, the KMA
Social AffairsMay 16, 2024
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New Seoul High Prosecutors’ Office chief vows full-fledged probe into first lady
The new chief of the Seoul High Prosecutors’ Office on Thursday pledged to take “all necessary measures” to carry on its ongoing probe into the luxury bag scandal involving first lady Kim Keon Hee, disregarding criticism from the opposition party regarding his appointment. The latest vow comes a few days after the Justice Ministry’s surprise personnel reshuffle announcement on Monday, which replaced the now-former chief of the Seoul Central District Prosecutors’ Off
PoliticsMay 16, 2024
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Seoul weighs establishing first military medical school
South Korea’s Defense Ministry said Thursday it is mulling the establishment of an inaugural military medical school to secure doctors who would serve in the military for at least 10 years in an effort to improve the military medical system and enhance treatment capabilities. "The Defense Ministry has been actively promoting and reviewing measures aimed at enhancing military medical capabilities, including the recruitment of long-term service military surgeons and the specialization o
DefenseMay 16, 2024
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KMA and University of Utah Asia Campus agree to fortify educational cooperation
The Korea Military Academy’s Academic Board and the University of Utah Asia Campus agreed to forge educational cooperation to foster global talents and competent officers. The two institutions signed a memorandum of understanding Tuesday at the Korea Military Academy in northern Seoul to cooperate in strengthening English education. The agreement includes plans to develop a course that students from both colleges can attend and to come together to hold English-speaking contests, a KMA offi
Social AffairsMay 16, 2024
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Hyundai, KAIST develop world’s 1st technology to extend lifespan of LFP battery
Researchers at the Korea Advanced Institute of Science and Technology have developed the world’s first technology to extend the lifespan of electric vehicle batteries by 10 to 20 percent, KAIST said Thursday. The study, which was supported by Hyundai Motor Group, came up with a triazole-motivated electrolyte additive that can significantly increase the duration of lithium-ion batteries. According to the researchers, the new electrolyte additive succeeded in protecting lithium iron phosphat
TechnologyMay 16, 2024
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[Herald Interview] For US overnight stockbroker Blue Ocean, golden hour falls on Sunday 8 p.m.
For Blue Ocean ATS, a broker platform that facilitates overnight trading for the US stock market, Sunday night is the peak trading hour as South Korean investors flock to execute orders before the US day trading begins. “Sunday night is our biggest night when it is Monday morning for the Asian investors and Korean investors. They start trading at 8 p.m. when traditional exchanges here in the US do not open until 9:30 a.m. on Monday,” Brian Hyndman, president and CEO at Blue Ocean Tec
MarketMay 16, 2024
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[Photo News] Protecting mudflats
Over 300 employees of GS Caltex and their families planted 10,000 East Asian seepweeds, which enhance mudflats' carbon capture capacity and carbon absorption rates, in the Ramsar site at the Julpo Bay Tidal Flat Ecological Park in North Jeolla Province on Sunday, the South Korean oil refiner said Thursday. The eco-friendly project began in April when the company launched the campaign to encourage employees to buy 3.3 square meters of the mudflat to prevent reckless development of the natura
CompaniesMay 16, 2024
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[Photo News] Kyobo Life meetup
Kyobo Life Insurance CEO and Chair Shin Chang-jae (center) poses for photos with insurance consultants at the 2024 Kyobo MDRT Day, held at the insurer’s training institute in Cheonan, South Chungcheong Province, Tuesday. The MDRT, which stands for Million Dollar Round Table, brings leading life insurance professionals together. Around 490 Kyobo MDRT insurance consultants were in attendance. At the event, Shin said, "Insurance consultants are more than just sellers of insurance product
IndustryMay 16, 2024
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Miracell showcases stem cell technology at Milan trade show
South Korean stem cell research company Miracell said Thursday that it showcased its stem cell extraction system, Smart M-Cell, at the recent 21st ESSKA congress held in Milan. The biennial European Society for Sports Traumatology, Knee Surgery, and Arthroscopy congress brings together worldwide orthopedic surgeons, clinicians and scientists to discuss the latest advancements in sports medicine, joint diseases and surgery. This year’s conference, held May 8-10, featured over 130 educationa
TechnologyMay 16, 2024
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LX Pantos teams up with China's Sinotrans for US, Europe expansion
South Korean logistics company LX Pantos said Thursday it has signed a memorandum of understanding with Sinotrans, the Chinese logistics giant, as part of efforts to facilitate maritime and aerial transportation for deliveries to the US and Europe, as well as between the two Asian countries. The signing event was held Monday at Sinotrans’ headquarters in Beijing, with the attendance of LX Pantos CEO Lee Yong-ho, Sinotrans President Song Rong and other relevant officials. Under the agreemen
CompaniesMay 16, 2024
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'Seatless car' expanded to Seoul Metro's Line 7
Subway cars without seats have been added to Line No. 7 from Thursday. Seoul Metro announced that it removed the seats of a car on one of its Line No.7 trains on a trial basis in an attempt to alleviate congestion inside its trains during peak hours. The move comes four months after such a car was first added to Seoul Metro’s Line No. 4 in January. On Line No.7, the seatless subway car is deployed around 8 a.m. on weekdays, when the lane sees the highest density on the train running throug
Social AffairsMay 16, 2024