Most Popular
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Yoon, Lee end first talks with differences, agree to meet more
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What is Hybe’s next move?
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China outpaces Korea in smaller OLED shipments for 1st time
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Medical profs at top hospitals suspend surgeries, clinics
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Police to open alleged stalking probe over pastor over Dior bag scandal
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'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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[News Focus] Lee tells Yoon that he has governed without political dialogue
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Liberal bloc moves to rewrite student rights ordinance
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Hopes rise for possible Gaza truce deal
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Simon Stone sets 'The Cherry Orchard' in turbulent Korean society
Jeon Do-yeon and Park Hae-soo are each making a return to the stage in June with world-renowned director Simon Stone’s new production of “The Cherry Orchard.” Celebrated for his deconstruction and reinterpretation of classics such as “Medea” and “Ibsen House,” Stone infuses Anton Chekhov’s tragicomedy with his visionary touch, setting the stage against the backdrop of present-day Korea. Chekhov’s narrative, set in a rapidly changing society,
PerformanceApril 29, 2024
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China outpaces Korea in smaller OLED shipments for 1st time
China outpaced Korea in the shipment of organic light-emitting display panels for IT gadgets for the first time in the first quarter of this year, stirring concerns that Korean manufacturers could eventually be pushed out of the market by Chinese rivals. According to Chinese market tracker Cinno Research on Monday, China's OLED shipments for IT gadgets including smartphones and tablet PCs accounted for 53.4 percent of the total in the January-March period, ahead of Korea’s 46.6 percen
IndustryApril 29, 2024
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Seoul shares jump over 1% on battery, chemical stocks
Seoul shares closed over 1 percent higher Monday on advances in battery and chemical shares amid a slump in techs. The local currency slightly fell against the US dollar. The benchmark Korea Composite Stock Price Index added 31.11 points, or 1.17 percent, to close at 2,687.44. Trade volume was moderate at 461 million shares worth 10.2 trillion won ($7.4 billion), with gainers outnumbering losers 719 to 165. Foreigners remained net buyers for a second consecutive session, scooping up a net 415.9
MarketApril 29, 2024
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Forklift exam draws more test-takers in 50s seeking new skills
A record number of South Koreans in their 50s took exams last year for government-issued occupational certifications, with forklift licenses topping the list. The trend reflects a surge in interest in pursuing second careers and highlights the significant difficulty many face in finding new employment related to one's previous experience. According to the Human Resources Development Service of Korea, the number of test-takers in their 50s exceeded 218,000 in 2023, accounting for 12.2 percen
Social AffairsApril 29, 2024
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'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
The final episode of "Queen of Tears" aired Sunday, achieving tvN's highest viewership ratings for an episode to date, surpassing the ratings recorded by the cable channel's other hit series, including "Crash Landing on You" (2020) and "Guardian: The Lonely and Great God" (2017). According to tvN, the final episode of "Queen of Tears" logged an average viewership rating of 28.4 percent in the Seoul metropolitan area and 24.9 percent nationwide. &
TelevisionApril 29, 2024
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Liberal bloc moves to rewrite student rights ordinance
The debate over Seoul Metropolitan Government's abolition of its student human rights ordinance is set to expand to the National Assembly as the opposition Democratic Party of Korea plans to draft student rights legislation that would take precedence over regional offices’ decisions. The Democratic Party, which holds a parliamentary majority, on Monday criticized the People Power Party's removal of Seoul's student rights ordinance, calling it "political regression"
Social AffairsApril 29, 2024
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BNEF names Hyosung Heavy as top ESS supplier
South Korea’s Hyosung Heavy Industries announced Monday that it has been recognized as a tier-1 supplier of energy storage systems by BNEF or Bloomberg New Energy Finance, a market research firm specializing in the renewable energy sector. The firm has now been included in the top-tier list for two consecutive quarters. “It is meaningful that a Korean firm has won the industrial recognition in the global ESS market that is dominated by Chinese rivals,” said a Hyosung Heavy offi
IndustryApril 29, 2024
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From sleeping to space-out contests, Seoul to host 120 events at Han River
Parks near the Han River in Seoul will play host to 120 cultural, leisure and recreational events, including a sleeping contest and a space-out competition, according to the Seoul Metropolitan Government on Monday. Starting with the 2024 Han River Festival in May, the city government announced during Monday’s press briefing that the festivities will last until the end of the year. According to city government officials, the Seoul Metropolitan Government plans to host 25 percent more events
Social AffairsApril 29, 2024
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Intel CEO to visit Seoul in June
Intel CEO Pat Gelsinger is planning to visit Korea in early June to attend the company's global conference in Seoul, according to industry sources Monday. The AI Summit event, which is held multiple times a year across countries, typically highlights Intel’s local subsidiaries. It shares knowledge on the intersection between artificial intelligence technology and business models for key players in the industry. Sources predicted the summit will be held on June 5, which will mark the
IndustryApril 29, 2024
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Hanwha Systems breaks ground on satellite center in Jeju
Hanwha Systems, a defense electronics and ICT solutions provider under the Korean conglomerate Hanwha Group, broke ground on a space center in Jeju on Monday. Named the Jeju Hanwha Space Center, the new facility will be capable of developing and manufacturing satellites. Hanwha Systems plans to complete the construction by the end of next year. “The Jeju Hanwha Space Center will create innovative technology and economic value as a birthplace for satellite development and manufacturing,&rdq
IndustryApril 29, 2024
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Ex-deputy prime minister takes helm of troubled ruling party
Hwang Woo-yea, who was deputy prime minister for former President Park Geun-hye, was tapped Monday as the temporary leader of the ruling People Power Party that is still reeling in the aftermath of its painful defeat in the April 10 general election for the National Assembly. Hwang, 77, is to take the helm of the People Power Party leadership until a new one is picked at a party convention that remains at least a few months away. The new ruling party leader-to-be was a judge in Seoul before he s
PoliticsApril 29, 2024
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Korean franchises eye Japan, riding high on K-food trend
Korean food and beverage companies are increasingly entering the Japanese market in pursuit of broader opportunities, largely driven by a saturated market at home and to capitalize on the rising popularity of Korean cuisine in the neighboring country. As of 2023, Japan saw a total of 19 Korean food franchises operating a combined 133 branches nationwide. According to the state-run Korea Agro-Fisheries & Food Trade Corp. (aT), Japan was the fourth most popular destination for Korean franchise
IndustryApril 29, 2024
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Seoul to deploy more military doctors to fill med prof void
The Korean government said Monday it would deploy additional medical personnel to maintain health care services as medical professors are due to resign or take weekly breaks starting this week. During Monday’s government response meeting, Health Minister Cho Kyoo-hong said the government would mobilize “all possible measures” to support the emergency medical system by dispatching more health care staff, such as public health doctors or military medical doctors, so that patients
Social AffairsApril 29, 2024
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[Herald Interview] Mom’s Touch seeks to replicate success in Japan
Renowned for its signature spicy thigh patty burgers, Mom’s Touch has established itself as a dominant player in South Korea’s fast-food landscape, with the highest number of branches here, despite its relatively late entry to the market. Celebrating its 20th anniversary this year, the fast-food chain has ventured into the Japanese market with the opening of its inaugural branch in Tokyo's Shibuya district on April 16. Mom’s Touch CEO Kim Dong-jeon revealed that the decisi
CompaniesApril 29, 2024
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"The Plot," rife with unexpected twists, will showcase Gang Dong-won at his coldest
South Korean crime flick "The Plot," starring Korean heartthrob Gang Dong-won, will see the actor in his coldest persona yet, alongside a narrative rife with unexpected twists. "The Plot" follows the story of Yeong-il, (Gang Dong-won) whose job is to arrange commissioned contract killings to seem like accidents. As the story unfolds, Yeong-il is unexpectedly involved in a series of events which leads him to believe that this time, he is targeted for a murder disguised as an a
FilmApril 29, 2024
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[Photo News] Boosting Korea-China ties
SK Group Chairman Chey Tae-won (left), who doubles as chair of the Korea Chamber of Commerce and Industry, and Bi Jinquan, executive vice chairman of the China Center for International Economic Exchanges, a state think tank, meet in Beijing on Monday to discuss ways to expand economic cooperation between the two countries. This meeting was held to check on the implementation status of the agenda items discussed at the fourth edition of the Korea-China High-Level Economic Dialogue, jointly hosted
EconomyApril 29, 2024
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ReWorld Forum hosts large, small firms to discuss energy transformation plans
Officials from large and small firms, business experts and government officials gathered at the ReWorld Forum 2024 in Seoul on April 24 to exchange ideas on how South Korea should realize RE100 and work toward decarbonization. RE100 is the global corporate renewable energy initiative of businesses committed to achieving 100 percent renewable electricity. According to the SDX Foundation, the non-profit organization responsible for hosting the event, the forum saw around 400 participants. ReWorld
Social AffairsApril 29, 2024
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KT explores synergy between AI, media
South Korean telecom carrier KT Corp. said Monday it is expanding its advanced artificial intelligence technology to the group’s entire media business, from content investment and production to marketing and control, to accelerate innovation. "The media business is one of KT's three core businesses, along with communications and AI,” Kim Hoon-bae, executive vice president of the media platform business unit at KT, said in a press conference held earlier in the day in Seou
TechnologyApril 29, 2024
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MBK chief donates $25m to Haverford College
MBK Partners Chairman Michael ByungJu Kim has recently donated $25 million to his undergraduate alma mater, Haverford College, according to the asset manager's announcement on Monday. The $25 million donation, the largest amount in the school's history, was made on April 23. It will fund the establishment of the Institute for Ethical Inquiry & Leadership at the liberal arts college in Haverford, Pennsylvania. “Ethical inquiry is at the core of a Haverford education, and leade
IndustryApril 29, 2024
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[Bridge to Africa] Tanzania marks Independence Day, lauds Korea’s support
The Tanzanian Embassy celebrated the country's 60th Independence Day while lauding Korea’s unwavering support over the years on Friday. The occasion marked the formation of the United Republic of Tanzania on April 26, 1964, when Tanganyika and Zanzibar united to form a single nation. Tanganyika gained independence from British rule in December 1961, followed by Zanzibar’s freedom through a revolution on Jan. 12, 1964. "Tanzania" symbolizes the unity between the mainlan
Foreign AffairsApril 29, 2024