Most Popular
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Probe of first lady on Dior bag allegations set to begin
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Over 80,000 millionaires, 20 billionaires in Seoul: report
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Korean battery makers heave sigh of relief over 2-year IRA reprieve
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Young Korean doctors seek plan B: cosmetic dermatology or overseas
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South Korea open to Indonesian proposal to cut KF-21 payments
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Yoon apologizes over first lady’s Dior bag scandal, but accuses special probe attempt as political maneuvering
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Police seek arrest warrant for med student who killed girlfriend
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Coupang earnings hit hard by losses from ailing Farfetch
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[K-pop’s dilemma] Time, profit pressures work against originality
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Man stabs woman and her son amid financial dispute, killing 1
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Missing S. Korean traveler in Paris found safe after 2 weeks
A South Korean reported to have been missing for over two weeks while traveling in Paris was found alive and unharmed, ministry officials said Saturday. The South Korean Embassy in France said they were able to identify the whereabouts of the missing 30-year-old male, identified only as Kim. He is reportedly safe, the embassy said, though it did not provide further details as per the family's request. Kim flew into France from India around April 17 but disappeared on April 19, a day after m
Foreign AffairsMay 4, 2024
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
The anti-corruption investigation office was questioning the commander of the Marine Corps on Saturday as part of a probe into an alleged influence-peddling case related to the death of a young Marine last year, officials said. Marine Corps Commandant Lt. Gen. Kim Kye-hwan appeared at the Corruption Investigation Office for High-ranking Officials (CIO) in Gwacheon, south of Seoul, Saturday morning, while remaining tight-lipped when reporters asked him questions. Kim is suspected of being involve
Social AffairsMay 4, 2024
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Defense chiefs of US, Australia, Japan decry NK-Russia military cooperation
The defense chiefs of the United States, Australia and Japan denounced growing military cooperation between North Korea and Russia, including their weapons transactions, during their trilateral talks in Hawaii this week, according to a joint statement released Friday. US Secretary of Defense Lloyd Austin and his Australian and Japanese counterparts, Richard Marles and Minoru Kihara, held the meeting on Thursday to discuss a range of regional and global issues, including North Korea, Russia'
DefenseMay 4, 2024
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US announces extension on graphite use for EV tax credits through 2026
The US government announced a decision Friday to extend tax credits for electric vehicles containing Chinese graphite until the end of 2026 -- an extension that followed a demand from EV manufacturers. On the Federal Register, the Treasury Department posted the final rules on the clean energy vehicle provisions of the Inflation Reduction Act that included the temporary exemption of graphite from rules on the use of minerals from "foreign entities of concern," including from China, Russ
EconomyMay 4, 2024
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S. Korea, US share need for joint response to China's solar panel excess capacity
Senior diplomats from South Korea and the United States discussed the need for a joint response to potential ramifications from overcapacity in China's solar industry during their talks on energy security in Houston, Texas this week, a Seoul official said Friday. South Korea's Deputy Foreign Minister for Economic Affairs Kim Hee-sang made the remarks as he and US Assistant Secretary of State for the Bureau of Energy Resources Geoffrey Pyatt led the 10th Energy Security Dialogue on Tues
Foreign AffairsMay 4, 2024
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Top prosecutor orders speedy investigation into first lady's alleged acceptance of luxury handbag
South Korea's top prosecutor has instructed his staff to create a team dedicated to investigating allegations that first lady Kim Keon Hee accepted a luxury handbag in 2022, legal sources said Friday. Prosecutor General Lee One-seok made the call during a regular meeting with Song Kyung-ho, chief of the Seoul Central District Prosecutors Office, on Thursday, according to the sources. First lady Kim has come under fire after a local media outlet released video footage last November that show
PoliticsMay 3, 2024
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Lawmakers express woes over Japan's actions against Naver
Lawmakers denounced Japan's actions against South Korea's top internet portal operator as "excessive," saying they potentially throw cold water on the improving bilateral relations, and urged Japan on Friday to quickly and wisely resolve a simmering row over Japan's demand for South Korea's internet platform operator to reduce its presence in Japan's most popular mobile messenger app. Tokyo demanded LY Corp., the operator of Line, the most widely used messenger
Foreign AffairsMay 3, 2024
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Medical students file appeal after court denial of injunction to halt quota hike
Hundreds of medical school students have filed an appeal against a district court's recent decision to deny an injunction they sought to halt their schools from increasing admission quotas, their lawyer said Friday. Earlier this week, the Seoul Central District Court dismissed an injunction request filed by 485 medical students of three state-run universities to stop their university presidents from altering medical school admission plans. The legal action was part of several suits filed by
Social AffairsMay 3, 2024
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Army takes group action against Hybe for neglecting BTS
Army, loyal fandom of K-pop phenomenon BTS, urged Hybe to protect the group from an ongoing dispute between the company and its sublabel Ador CEO Min Hee-jin in a statement published through local media outlets on Friday. The fandom said “We support BTS, not Hybe” in a full-page advertisement printed in major newspapers. The group said while an internal feud over management at Hybe is underway, the name of BTS is being damaged by false news and rumors despite the controversy being ir
K-popMay 3, 2024
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Hankook Tire takes over control of Hanon Systems
Hankook Tire and Technology Co. on Friday reached a deal to buy a controlling stake in Hanon Systems Corp., the world's second-largest heat pump systems maker for automobiles, for 1.73 trillion won ($1.27 billion). Under the deal with private equity firm Hahn & Co., Hankook Tire will buy a 25 percent stake in Hanon Systems and an additional interest via rights offerings. Hankook Tire already owns 19.49 percent in Hanon Systems after spending 1.08 trillion won in 2014. With the additiona
CompaniesMay 3, 2024
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S. Korea, Japan, China agree to create new financing facility against regional crises
South Korea, China and Japan agreed Friday to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations, by launching a new financing facility program meant to extend greater support in case of a financial crisis, Seoul's finance ministry said. The agreement was made during a trilateral meeting of South Korea's Finance Minister Choi Sang-mok, Japan's Finance Minister Shunichi Suzuki and China's Finance Minister Liu Kun held
Foreign AffairsMay 3, 2024
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Woori to re-enter brokerage business with acquisition of Korea Foss Securities
Woori Financial Group said Friday that it will launch a new brokerage arm in the third quarter by acquiring digital brokerage firm Korea Foss Securities and merging it into its existing investment banking subsidiary. The tie-up plan between Woori Investment Bank and Korea Foss Securities marks the financial giant's return to the stock trading business after a decade. Woori Financial Group's long-term goal is to become one of the country's top 10 brokerage firms within the next dec
IndustryMay 3, 2024
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[From the Scene] Uzbekistan pursues economic reforms to attract foreign investment
TASHKENT-- Uzbekistan’s President Shavkat Mirziyoyev has pledged to enhance foreign investment through wide-ranging economic reforms, including the implementation of new investment laws specifically designed for foreign investors. At the third edition of the Tashkent International Investment Forum on Thursday, Mirziyoyev delineated Uzbekistan's comprehensive economic reforms aimed at ensuring that "every entrepreneur feels free and confident" in the country. "Our main g
Foreign AffairsMay 3, 2024
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Naver will consider company benefits in deciding on selling Line shares: CEO
While the Japanese government is pressuring Naver to shed ownership in Line, the dominating messaging app in Japan, the Korean internet giant said it will make a decision based on the benefit of the company's business, the chief executive officer said Friday. During an earnings call, Naver CEO Choi Soo-yeon said the administrative guidance issued by Japan's Ministry of Internal Affairs and Communications last month, demanding Tokyo-based LY Corp., the operator of Line, to lower its dep
IndustryMay 3, 2024
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East German commissioner calls on S. Korea to seize unexpected opportunities for unification
Eastern Germany Commissioner Carsten Schneider on Friday emphasized the paramount importance of South Korean leadership steadfastly pursuing the goal of unification and remaining vigilant in monitoring the North Korean situation, in order to capitalize on any unforeseen opportunity for achieving unity on the Korean Peninsula. Schneider said that certain events unfold not by random chance, but rather at unforeseeable moments, reflecting on world history, after being asked about the feasibility of
North KoreaMay 3, 2024
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Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
Ador CEO Min Hee-jin had asked for an exclusive right to terminate NewJeans’ contract with Hybe in February, but the request was turned down by the parent company, according to an industry source on Friday. An exclusive contract with an artist can be seen as a key asset necessary for a company’s operation. Major entertainment companies, for this reason, require exclusive contracts to be approved by the board of directors. Hybe, in turn, has a contract with Min which requires the Ador
K-popMay 3, 2024
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[Herald Interview] ‘Time to Be Strong’ follows retired K-pop idols’ self-discovery
JEONJU, North Jeolla Province -- This year’s Jeonju International Film Festival saw its iconic Korean Competition section receive the highest number of submissions ever -- 134 films. While a majority of the submissions focused on female narratives, director Namkoong Sun’s “Time to Be Strong” clearly stood out among the 10 films in competition for the top three awards. The rookie director’s second feature film “Time to Be Strong” follows three retired K-p
FilmMay 3, 2024
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[Today’s K-pop] Sunmi to drop single next month
Sunmi will release a self-written single in June, agency Abyss Company said Friday. She finished shooting a music video in Croatia, it added. The songstress uploaded several pictures and wrote “Rainy Croatia” on her social media last month. The upcoming single comes about eight months after her eighth digital single “Stranger.” The songstress debuted as a solo act in 2013, about 3 1/2 years after she suspended activities as a member of group Wonder Girls. She rejoined the
K-popMay 3, 2024
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Woman dangling from power lines rescued by residents holding blanket
A woman who was hanging from overhead power lines was rescued unharmed after falling onto a blanket held by neighbors, fire authorities reported Friday. Police and fire officials say they received a report at 11:24 a.m. on Wednesday about a woman dangling from power lines 6 meters above the ground in a multiplex housing complex in Heungdeok-gu, Cheongju, North Chungcheong Province. The woman was later identified as being 46 years old and from Uzbekistan. She fell while firefighters were still in
Social AffairsMay 3, 2024
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Samsung chief returns from Europe after meeting with Pope, business leaders
Samsung Electronics Chairman Lee Jae-yong returned to Seoul on Friday after his trip to Europe, where he made a surprise visit to Vatican City to meet with Pope Francis, and met with business counterparts for cooperation. During the 10-day trip, Lee traveled to Germany, France and Italy, and checked on the company's business operations there. “The spring has come,” he told reporters without further explanation, upon his arrival at the Seoul Gimpo Business Aviation Center. He did
IndustryMay 3, 2024