Seoul unveils new perks for pregnant women

The Seoul Metropolitan Government on Wednesday rolled out a package of benefits for pregnant women, a move to provide support for expectant mothers amid the city's record-low fertility rate. Effective immediately, pregnant women in the capital will enjoy priority access and discounts at various municipal facilities. The Gocheok Sky Dome and Jamsil Indoor Swimming Pool are offering a 50-percent discount on usage fees and sports lessons. The Seoul World Cup Stadium is waiving entrance fees fo

Social AffairsOct. 10, 2024

‘Speak with confidence. Nobody laughs at your mistakes’

A trio of young language enthusiasts from Tajikistan, Kyrgyzstan and Morocco who met through a chat group, triumphed at the first Sejong Hangeul Olympiad on Tuesday where they demonstrated their exceptional Korean language skills. United as the team "Stars of Sejong," they won the grand prize in a competition that brought together 105 participants from 24 countries to celebrate Hangeul ahead of Hangeul Day. A total of 35 teams, each comprising three members, participated in the Hange

Social AffairsOct. 10, 2024

Seoul shares end tad higher on Wall Street gains

Seoul stocks finished marginally higher Thursday on overnight US stock gains amid a decline in international oil prices. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index edged up 0.19 percent, or 4.8 points, to 2,599.16. Trading volume was heavy at 603 million shares worth 13.48 trillion won ($9.99 billion), with gainers outpacing losers at 442 to 423. Institutions sold a net 299.6 billion won, while foreign and retail investors together bought a net

MarketOct. 10, 2024

Race event celebrates Hangeul Day in Sejong

SEJONG — From runners in perfect gear to families with strollers and couples with dogs, nearly 7,000 participated in a fun race in the city of Sejong on Wednesday, celebrating King Sejong’s great gift to the Korean people, Hangeul. The 2024 Hangeul Run, held at Sejong Lake Park to mark the 587th anniversary of Hangeul’s proclamation in 1446, featured two courses: a 10.9-kilometer run commemorating Hangeul Day and a 5.15-kilometer course celebrating King Sejong’s birthda

Hashtag KoreaOct. 10, 2024

Bain's backing could be costly for Korea Zinc: sources

While Korea Zinc has secured the support of US private equity giant Bain Capital amid a battle for management control of the company, market watchers suggest its backing could eventually cost the troubled zinc smelter a hefty amount. To thwart the takeover attempt from the MBK Partners-Young Poong alliance, the current management of Korea Zinc has teamed up with Bain Capital, a big-name investment company with over $185 billion (250 trillion won) in assets under management. Under Chairman Choi Y

IndustryOct. 10, 2024

North Korea already cut off inter-Korean roads in Aug.: JCS chief

North Korea has already blocked the inter-Korean passages under leader Kim Jong-un’s instructions, South Korea’s Joint Chiefs of Staff chief Adm. Kim Myung-soo said Thursday. The South’s JCS chairman was responding to National Assembly questions about the announcement by the North Korean army on Wednesday that the reclusive regime planned to cut off all roads and railways leading to South Korea and build fortifications in the border areas. “North Korea began closing off

DefenseOct. 10, 2024

KT, Microsoft to debut Hangeul AI language model next year

South Korean mobile carrier KT Corp. said Thursday it will team up with US tech giant Microsoft to develop a new artificial intelligence model tailored to the Korean language and culture within the first half of next year. KT CEO Kim Young-shub presented its vision at the event and announced the goal of jointly developing a Korea-specific AI and cloud model aligned with Microsoft’s objectives. “Microsoft is well aware of Korea's significance in the global information and communi

TechnologyOct. 10, 2024

Korean proficiency test to expand to more countries

The Ministry of Education on Thursday announced plans to double the number of internet-based sessions for the Test of Proficiency in Korean next year. Starting in 2025, 15 TOPIK sessions will be held annually. The new schedule will include six internet-based tests and six paper-based tests focusing on the listening, reading and writing sections, while the speaking section will be administered through three additional internet-based tests. This marks a significant increase in the frequency of int

Social AffairsOct. 10, 2024

Talks over loan of Buddhist relics drag on over terms

Negotiations between a US museum and the South Korean government are dragging out over the terms on which the museum will lend a 14th-century Buddhist reliquary to Korea, as the two sides follow up on their February agreement to push for a temporary loan. According to Rep. Lee Ki-heon of the Democratic Party of Korea on Thursday, the Museum of Fine Arts, Boston, has yet to say what it thinks of a June proposal by the Korea Heritage Service that it would immediately return the Buddhist reliquary

CultureOct. 10, 2024

Toss Securities names new CEO

Toss Securities CEO Kim Seung-yeon resigned abruptly Thursday, six months before the end of his term. The firm's head of product, Kim Gyu-bin, was appointed as his successor during a general shareholders' meeting earlier in the day. Kim Seung-yeon, appointed to serve from April 2023 until April 2025, stepped down for "personal reasons," according to the company, which is the brokerage arm of fintech giant Toss. With his appointment, Kim Gyu-bin, 35, became the first securitie

IndustryOct. 10, 2024

Forum to discuss outlook on intangible cultural heritgage

A two-day forum on promoting intangible cultural heritage will take place next week in Jeonju, North Jeolla Province, hosted jointly by the Korea Heritage Service and UNESCO’s Asia-Pacific office handling intangible cultural heritage. The Oct. 17-18 meeting, held annually and now in its eighth edition, will explore how peoples have maintained their self-identities over migration and what intangible cultural heritage could do to help advance cultural diversity. Over 30 participants from 14

Arts & DesignOct. 10, 2024

Will K bank make W5tr jackpot debut?

Korea's first internet-only bank, K bank, is preparing for its upcoming initial public offering, with demand forecasting kicking off Thursday. According to its securities registration filing, K bank started a weeklong demand forecast from institutional investors on Thursday. This process allows investors to submit their desired purchase quantities and prices before the public offering, guiding the company in determining the final offering price. K bank's target price range is set betwe

MarketOct. 10, 2024

S. Korea clinches seat on UN Human Rights Council

South Korea has secured a seat on the UN Human Rights Council, positioning itself for leadership in three key UN bodies in 2025: the Economic and Social Council, the Human Rights Council and the Security Council. South Korea was elected to the UN Human Rights Council for the 2025-2027 term during a vote at the UN General Assembly in New York on Wednesday, local time, the Foreign Ministry in Seoul announced Thursday in a statement. This term marks South Korea's sixth on the Human Rights Coun

Foreign AffairsOct. 10, 2024

LS Cable & System wins global certification for legal, ethical compliance

LS Cable & System, a leading South Korean cable manufacturer, announced Thursday that it has become the first in the global cable industry to obtain ISO 37301 certification from the British Standards Institution for meeting international compliance and ethical standards. The company said it sought the certification to build trust with global clients and investors, with BSI recognizing its approach to management policies and regulations. LS Cable & System expects the certification to prov

IndustryOct. 10, 2024

Hanwha Group marks 72nd anniversary as 'great challenger'

Hanwha Group Chairman Kim Seung-youn has reiterated the company's approach to overcoming crises as a “Great Challenger,” expressing the need to take more proactive and leading measures rather than waiting for market conditions to turn favorable. “Driven by unwavering beliefs that do not compromise with the currents of the times and a relentless dedication to being the best, we will overcome the waves of crises and write a new history for Hanwha,” said Kim in a video

CompaniesOct. 10, 2024

LX Pantos expands logistics foothold in Central Asia

Korean logistics company LX Pantos announced Thursday that its CEO Lee Yong-ho met with Marat Karabaev, Kazakhstan’s minister of industry and infrastructure development, in Astana last month, to strengthen logistics networks across Central Asia. According to the company, the consultation centered on enhancing cooperation on cargo transport along the Trans-Caspian International Transport Route. The TITR links Europe and Central Asia via the Caspian Sea, bypassing Russian territorial waters.

IndustryOct. 10, 2024

Cabinet approves bill revision to punish possessing, watching deepfake porn

The Cabinet on Thursday approved the revision of a bill to punish both the possession and viewing of deepfake pornography. The revision of Act on Special Cases Concerning the Punishment of Sexual Crimes calls for punishing individuals who are caught possessing, purchasing, storing or viewing sexually explicit deepfake content with up to three years in prison or a fine of up to 30 million won ($22,200). The law has recently faced criticism following a recent chain of deepfake pornography crimes f

PoliticsOct. 10, 2024

Infinite announces 15th anniversary concert tour

Infinite, one of the best-known second-generation K-pop groups, are set to hold a concert tour from December to March, in celebration of the boy band's 15th anniversary. Via Infinite Company’s social media, the group announced the upcoming tour by revealing a teaser image containing the list of countries where concerts will be held. The six-piece group will kick off the tour with three days of performances from Dec. 6-8 at KSPO Dome in Seoul. They will continue the tour in Taipei, Tai

K-popOct. 10, 2024

HD Hyundai unveils world’s 1st high-pressure ammonia engine

HD Hyundai Heavy Industries, the world’s largest shipbuilder affiliated with HD Hyundai, said Thursday that it has developed the world’s first ammonia dual-fuel engine using a high-pressure direct injection system. The company recently passed the “type approval test” for its HiMSEN ammonia dual-fuel engine, which evaluates whether critical apparatuses installed on vessels meet mandatory requirements. The test was conducted at its Ulsan engine center and was attended by ke

IndustryOct. 10, 2024

Yoon mulling 1-on-1 meeting with Han after by-election

President Yoon Suk Yeol and ruling People Power Party Chair Han Dong-hoon might hold talks after the Oct. 16 by-election next week, according to the presidential office on Thursday. The Yoon administration and the ruling party "are communicating with each other over the matter," a source at the presidential office said on condition of anonymity. Also, the presidential office is reportedly open to a one-on-one meeting with Han, a format Yoon has long disapproved of. The meeting would oc

PoliticsOct. 10, 2024