Seoul shares opened higher Wednesday, tracking gains on Wall Street, two days after their worst rout over fears of a US recession. However, some analysts said worries about market turmoil linger. The benchmark Korea Composite Stock Price Index (Kospi) rose 12.17 points, or 0.48 percent, to 2,534.32 in the first 15 minutes of trading. The Kospi ended 3.3 percent higher Tuesday after plunging nearly 9 percent Monday due to massive selloffs amid concerns over a recession in the United States. Overn

The Asiana Airlines' Pilots Union has requested that the European Commission investigate the suitability of Air Incheon as a potential buyer of Asiana Airlines' cargo business, the union announced Tuesday. The move follows Korean Air's selection of Air Incheon as the preferred bidder for the sale of Asiana Airlines' global cargo freighter business on June 17, as part of its yearslong quest to formally acquire Asiana Airlines. The union said Tuesday that it had asked the EU�

“Pilot,” a South Korean comedy flick about an unemployed former pilot disguising himself as a woman to get a new role, has attracted over 1 million moviegoers since the movie’s release on July 31. According to the Korean Film Council data, the movie has attracted an accumulated 1.33 million moviegoers in four days since its opening here. The movie attracted 441,537 moviegoers on Saturday alone, leading the local box office. A trusted name in comedy flicks, actor Jo Jung-suk sta

The South Korean government on Thursday publicly offered humanitarian aid to flood-hit North Korea, calling on Pyongyang to engage in talks to discuss the specifics and delivery of the relief assistance. "We express our willingness to swiftly provide urgently needed supplies to assist the flood victims in North Korea from a humanitarian and fraternal standpoint," Park Jong-sul, the secretary-general of South Korea's Red Cross, which works with the government on humanitarian effort

Korea’s private and public sectors have been working relentlessly to commercialize urban air mobility, or UAM, in 2025 as the country looks to take the lead in the up-and-coming global UAM sector. The Ministry of Land, Infrastructure and Transport has laid out the K-UAM roadmap with two-part demonstration projects of "Grand Challenges," or GC1 and GC2. The ministry explained that UAM, which mainly focuses on utilizing electric vertical take-off and landing, or eVTOL, aircraft to

Korean Air said Thursday it would no longer serve instant cup noodles to economy class passengers on long-distance routes for safety reasons, starting Aug. 15. The nation's flag carrier said the decision aims to reduce the risk of accidental scalding from hot liquids. Cup noodles will be replaced with other offerings, including corn dogs, pizzas and hot pockets. Korean Air's decision comes amid a surge in severe turbulence in recent years. According to a recent study, incidents of seve

SEOUL, South Korea, July 31, 2024 /PRNewswire/ -- V-Space Co., Ltd., a company selected for the 'Next Unicorn Project' jointly pursued by Kangwon Land, the Small and Medium Business Corporation, the Korea Mine Reclamation Corporation, and the Foundation of Large & Small Businesses and Agricultural & Fisheries Cooperation, has unveiled significant progress in the burgeoning field of Urban Air Mobility (UAM)/Advanced Air Mobility (AAM). V-SPPEDER X UAM initial production launch

Korean sharpshooter Kim Ye-ji is experiencing overnight stardom, with social media swooning over her cool aura as she casually broke a world record at an air pistol competition earlier this year. A 27-second video of Kim performing in the 25-meter air pistol final at the ISSF World Cup, held in May in Baku, Azerbaijan, is circulating on social media, including X. One post by X user Del Walker, sharing the clip with a comment “most ‘Main Character Energy’ I've ever seen

The South Korean duo of Shin Yu-bin and Lim Jong-hoon took the bronze medal in the mixed doubles table tennis event at the Paris Olympics on Tuesday, ending the country's 12-year Olympic table tennis medal drought. The win over Hong Kong not only extended the medal streak for the Koreans but also had a personal significance for 27-year-old Lim, who will now be exempted from his mandatory military service that was to commence next month. "I tried to think of it (bronze medal match) as

Seoul shares opened higher Wednesday, following a mixed close on Wall Street, as investors expect the Federal Reserve may begin a rate cutting cycle later this year. The benchmark Korea Composite Stock Price Index added 5.20 points, or 0.19 percent, to 2,743.39 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average rose 0.5 percent to 40,743.33 points, but the tech-heavy Nasdaq fell 1.3 percent to 17,147.42. This week, all eyes are on the Fed's policy decision on We

South Korea's Cabinet on Tuesday approved a proposed presidential decree to establish a strategic command aimed at effectively countering North Korea's increasingly sophisticated nuclear and missile threats, according to the presidential office. South Korea's strategic command will also play a central role in integrating the country's advanced conventional forces with US nuclear forces, thereby strengthening integrated deterrence between the treaty allies against potential No

CHATEAUROUX, France, July 29 (Yonhap) - While dabbling at different sports growing up, Ban Hyo-jin switched from taekwondo to shooting three years ago, at age 13. It only took her a couple of weeks to realize she could be good at this new sport. And on Monday at the Paris Olympics, the rest of the world found out just how good Ban could really be. Ban, 16, captured the gold medal in the women's 10-meter air rifle event at the Chateauroux Shooting Centre in Chateauroux, south of Paris. She

Hyundai Motor and Kia demonstrated their advanced air mobility in Indonesia as they demonstrated a flying aircraft and hailing procedure at the Samarinda Airport in East Kalimantan on Monday. With officials from Indonesia’s Ministry of Transportation and Nusantara Capital City Authority in attendance for the presentation, the automakers explained how ride-pooling application Shucle and specialized aircraft can be developed to fit the circumstances of the local customers and advanced furthe

A lot of athletes would love to be in Kim Ye-ji's position Sunday, with an Olympic silver medal around her neck. But Kim, after grabbing silver behind fellow South Korean Oh Ye-jin in the women's 10-meter air pistol at the Paris Olympics, didn't fly to France to finish in second place. "I am really disappointed," Kim said afterward at Chateauroux Shooting Centre in Chateauroux, south of Paris, though the ebullient athlete didn't look the part. "My goal was to w

South Korean shooters Oh Ye-jin and Kim Ye-ji captured the gold and silver medals, respectively, in the women's 10-meter air pistol shooting at the Paris Summer Games on Sunday, with Oh setting an Olympic record in the process. Oh scored 243.2 points to hold off Kim by 1.9 points in the final at the Chateauroux Shooting Centre in Chateauroux, south of Paris. Manu Bhaker of India took the bronze medal with 221.7 points. Oh, 19, became the new Olympic record holder in her debut, surpassing th