Most Popular
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'Super Rich in Korea' will leave viewers appreciating Korea more: producers
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Probe of first lady on Dior bag allegations set to begin
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Indonesia’s KF-21 fighter jet deal cut back -- what’s next?
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Korean battery makers heave sigh of relief over 2-year IRA reprieve
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[KH Explains] Can tech firms' AI alliances take on Nvidia?
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Over 80,000 millionaires, 20 billionaires in Seoul: report
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Police seek arrest warrant for med student who killed girlfriend
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Local filmmakers criticize ‘The Roundup: Punishment’ monopoly of screens
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Will China's self-sufficient dream in HBM come true?
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[Editorial] Negligence of duty
With about three weeks left before the 21st National Assembly closes on May 29, a significant number of lawmakers from both the ruling People Power Party and the main opposition Democratic Party of Korea have gone on overseas trips -- or plan to do so -- while failing to work on piles of pending bills. Of course, not all lawmakers of the current session are eager to travel abroad to exploit their privilege and spend taxpayer money for their own leisure. And not all trips are meaningless, as &ldq
EditorialMay 9, 2024
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Yoon calls opposition leader to express concern for health
President Yoon Suk Yeol called opposition leader Lee Jae-myung on Wednesday to wish him good health before Lee goes on a weeklong vacation for hospital treatment later this week, Lee's main opposition Democratic Party said. Yoon made the call at around 2:40 p.m. and expressed concern for his health, while Lee expressed his gratitude, the Democratic Party said. Lee will take a weeklong leave from Thursday to next Wednesday to get treatment, which he had postponed due to the recent general
PoliticsMay 8, 2024
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Korean Air sells five jets to US aerospace firm Sierra Nevada
Korean Air will sell five of its planes to US aerospace firm Sierra Nevada Corporation, the airline said in an exchange filing on Wednesday. Sierra Nevada recently won a $13 billion US Air Force contract to develop a successor to the E-4B Nightwatch, known as the Doomsday plane due to its ability to survive a nuclear war and act as a command and control centre during emergencies. Sierra Nevada did not immediately respond to a request for comment. The Korean Air planes being sold are four-engined
IndustryMay 8, 2024
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Pressure mounts on Naver to shed stake in Line
Takeshi Idezawa, CEO of the Tokyo-based LY Corp., the operator of the messaging app Line, said Wednesday that the company has requested its key shareholder Naver to sell stakes in an apparent move to cut the Korean firm’s control over its management. The decision comes as Naver is under growing pressure from the Japanese government to shed its ownership in Line, the popular app the Korean firm has nurtured over the past 13 years. Currently, almost 70 percent of the Japanese population is k
IndustryMay 8, 2024
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Expert in archival, book pathology endorses 'hanji' UNESCO heritage listing
“As someone who has dedicated a lifetime to studying various types of paper for preservation and restoration, I definitely see the value in registering 'hanji' with UNESCO's heritage list, and I believe this is very important,” said Maria Letizia Sebastiani, an authoritative figure in the field of archival and book pathology. The former director of Italy’s National Institute of Historic Heritage Preservation and Restoration, known as ICPAL, conveyed this to a g
CultureMay 8, 2024
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South Korea willing to accept Indonesian proposal for cutting KF-21 payments
South Korea is leaning toward accepting the proposed cuts by Indonesia in its share of KF-21 fighter development costs, according to the government’s Defense Acquisition Program Administration on Wednesday. The DAPA said that the reduction in the Indonesian contribution to the joint project was expected to translate into less of a financial burden than speculated by the press, explaining that expenses could be cut down considerably over the process. At its onset, the project was calculated
DefenseMay 8, 2024
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Yoon’s mother-in-law to be released on parole
President Yoon Suk Yeol’s mother-in-law, who is currently serving a one-year jail sentence for forgery, will be released some two months early, said the Justice Ministry on Wednesday. Choi Eun-soon, the 77-year-old mother of first lady Kim Keon Hee, will be released 10 a.m. on May 14, a day ahead of Buddha’s birthday, considering various factors including her age, health condition and good behavior while incarcerated, according to the ministry’s nine-member Probation and Parole
Social AffairsMay 8, 2024
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S. Korea to let doctors with foreign licenses practice
The Health Ministry said Wednesday that it would allow those holding foreign medical licenses to practice medicine in South Korea to help cope with a health care crisis exacerbated by a walkout by junior doctors. The ministry said it would make revisions to the enforcement regulation of the Medical Service Act, adding “medical support” to the list of tasks that foreign medical license holders can perform to address the shortage of medical personnel in the event of a medical disaster
Social AffairsMay 8, 2024
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[Today’s K-pop] NCT Dream to drop pre-release from 2nd Japan single
NCT Dream will roll out the Japanese single “Moonlight” online on Wednesday, in advance of the full release of its second single album of the same title that is due out on June 5, according to SM Entertainment. The band will perform the pop dance tune on stage at its concert in Osaka on May 11-12, giving the audience the first look at the performance. The concert will be the beginning of the Japan leg of the tour, “The Dream Show 3: Dream Escape in Japan,” which will brin
K-popMay 8, 2024
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Minister says chip subsidy a ‘tall order’
Countries have been rolling out competitive subsidy programs to boost their edge in the critical semiconductor industry. For South Korea, it is difficult to come up with such direct support programs, but the government is working to create an environment to benefit long-term investment in the sector, Industry Minister Ahn Duk-geun said in a press briefing Tuesday. Ahn also explained that the ministry, along with other government entities will set up a public fund to support strategic industries,
IndustryMay 8, 2024
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Court confirms 10-year jail term for drug smugglers
The Gwangju High Court on Wednesday upheld a lower court ruling that sentenced two men to 10 years in prison for smuggling 12 kilograms of methamphetamine into the country. The two suspects, Malaysian nationals in their 30s and 40s, were found guilty of violating the Act on the Aggravated Punishment of Specific Crimes, particularly the section on narcotics and psychotropic drugs. "Considering the amount of smuggled drugs and severe nature of drug-related crimes, the sentence seems to be app
Social AffairsMay 8, 2024
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Man returns checks found in old clothing, then donates reward
A man found bank checks worth 50 million won ($36,600) and helped return them to their owner, then donated the reward money that the owner gave him to the local government. According to Saha-gu Office in Busan, a resident named Cha Sang-jae recently found the checks inside an old piece of clothing that he came across and reported it to the police. The checks were revealed to have belonged to the father of Wi Seong-han, who passed away two years ago. Wi, a resident of Seoul, had thrown the clothi
Social AffairsMay 8, 2024
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[K-pop’s dilemma] Time, profit pressures work against originality
With its total assets reaching over 5 trillion won ($3.7 billion) last year, K-pop giant Hybe, which launched as Big Hit Entertainment in 2005, is looking to claim “large-firm” status. In 2019, Hybe acquired its first subsidiary label, Source Music, aspiring to become a global multi-label entertainment company. Today, Hybe has 11 subsidiaries under its label division, including Big Hit Music, housing the global K-pop sensation BTS; Pledis Entertainment, housing the globally renowned
CultureMay 8, 2024
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Mirae Asset Securities reaps fruits of global growth
Mirae Asset Securities, Korea’s largest stock brokerage company, has yielded solid results and created a strong impetus for growth in overseas markets after two decades of global expansion. Park Hyeon-joo, chairman of the Mirae Asset Financial Group, which covers comprehensive financial services including asset management, wealth management, investment banking and life insurance, has been spearheading the group's ambition to expand businesses beyond familiar horizons. Mirae Asset Se
CompaniesMay 8, 2024
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Korean drug makers flock to obesity treatment
South Korea’s pharmaceutical companies are accelerating the development of anti-obesity drugs to take share in the rapidly growing market, which is estimated to hit $100 billion by 2030. Hanmi Pharmaceutical is one of a few Korean drug companies that have been pushing ahead with their clinical trials for homegrown anti-obesity drugs. The drug company is currently expected to be the first Korean company that will launch a homegrown anti-obesity drug. “Hanmi Pharmaceutical is the only
IndustryMay 8, 2024
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Disney+'s 'Uncle Samsik' explores how S. Korea was shaped: producer
Led by veteran actor Song Kang-ho, who has starred in numerous hit flicks, such as "Parasite" (2019) and "Cobweb" (2023), Disney+ original "Uncle Samsik" will aim to explore how Korea came to be what it is by exploring the fictional stories of those that lived through the 1950s and 1960s. Set in 1960s South Korea, the 16-part period drama series narrates the story of Kim San, (played by Byun Yo-han) a young government official with ambitions to put his self-devised
TelevisionMay 8, 2024
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Illit lands first Billboard 200 entry amid originality controversy
K-pop rookie group Illit seems to have skirted the controversy surrounding its originality, successfully landing on the Billboard 200 chart with its first EP “Super Real Me” on Tuesday. The group had been facing criticism that its concept was similar to that of the popular girl band NewJeans, which is housed under the same Hybe umbrella. According to Belift Lab, Illit ranked 93rd on the Billboard 200, less than a month after it debuted in 91st place on the Hot 100 chart with its titl
CultureMay 8, 2024