Latest news
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South Koreans taking brunt of higher inflation and fewer jobs
SEOUL -- South Koreans are bearing the brunt of pains arising from higher consumer prices and fewer jobs amid the economic slump, according to an analysis of official data by Rep. Kim Hoi-jae of the main opposition Democratic Party (DP) on February 22. Kim said that the so-called misery index jumped to 8.8 last month, hitting the highest since it peaked at 9.2 in July 2022. The index is calculated by adding the consumer inflation rate (5.2 percent) to the unemployment rate (3.6 per
February 22, 2023 -
LG Energy Solution ties up with Ford and Koc Holding to build battery plant in Turkey
SEOUL -- LG Energy Solution (LGES), the battery-making wing of South Korea's LG Group, will build a battery plant at an industrial zone near Turkey's capital city to solidify its position in the European electric vehicle market. The factory established through a joint venture with a U.S.-based automobile manufacturer, Ford, and Turkey's conglomerate Koc Holding, would produce batteries for commercial vehicles in Europe. Data released by database company Statista s
February 22, 2023 -
BTS Jimin to release solo album for first time
SEOUL -- Jimin, a member of BTS, became the boy band's fourth member to release his first solo album, after J-Hope, Jin, and RM. Although the group is taking a hiatus after its agency announced that all members would fulfill their compulsory military service, the 27-year-old has consistently interacted with fans by collaborating with fashion brand Dior and singer Taeyang. "'FACE' is all about Jimin facing himself head-on as he gets ready for his next step as a solo
February 22, 2023 -
South Korea suffers 22.6 percent fall in trade with Russia amid war in Ukraine
SEOUL -- South Korea's volume of trade with Russia nosedived 22.6 percent to $21.15 billion in 2022 from a year before, affected by the latter's war with Ukraine, according to a report by the Korea International Trade Association (KITA) on February 21. The KITA said that the plunge was in contrast to an average growth rate of 11.4 percent in 36 major countries' trade with Russia. India's trade with Russa skyrocketed 237 percent year-on-year last year, followed by Gr
February 22, 2023 -
Court rules in favor of same-sex couple demanding spousal health insurance coverage
SEOUL -- A same-sex couple has won a court ruling that recognized their legal status for the first time in South Korea as far as the state health insurance coverage is concerned. On February 21, the Seoul High Court ruled in favor of the gay couple who has demanded the same spousal coverage from the health insurance as heterosexual couples. The appellate court made the landmark ruling, overturning a lower court's decision that the plaintiff was not qualified as a dependent
February 21, 2023 -
State tourism institution rolls out tour course recommendation content for Hallyu fans
SEOUL -- Targeting Korean Wave fans all over the world, a tourism organization under South Korea’s culture ministry has released content that contains various information about K-content including K-pop, dramas, entertainment shows, and films. A total of 51 tour courses were selected such as the hit drama Hometown Cha Cha Cha and content related to Meokbang, an audiovisual show involving one or more hosts eating food while interacting with fans. The Korea Tourism Organization
February 21, 2023 -
S. Korea to nurture logistics sector for establishment of quick delivery infrastructure through drones and robots
SEOUL -- To establish a same-day delivery infrastructure nationwide, South Korea's transport ministry unveiled its plan to commercialize robot delivery by 2026 and drone delivery by 2027. The country will assist the logistics industry's digital transformation and lift regulations regarding building logistics centers in urban areas. Currently, most logistics centers are located in suburban regions. The Ministry of Land, Infrastructure and Transport said in a press release on
February 21, 2023 -
State institute develops novel drug development platform for cancer and dementia medicines
SEOUL -- A prominent state research institute has developed a cyclic-peptide-based novel drug development platform that can be tailor-made to match biomarkers. The platform can be used for the research and development of medicines for cancer and dementia treatment. Cyclic peptides are polypeptide chains with low toxicity and high pharmacologic activity. However, the commercialization of medicines containing cyclic peptides is very hard because the peptides are hard to design and ma
February 21, 2023 -
Phishing scams cause $1.28 billion in damages over past five years
SEOUL -- South Korea suffered 1.66 trillion won ($1.28 billion) in cumulative damages arising from phishing scams over the last five years, a report by the Financial Supervisory Service (FSS) said February 21. Phishing scams related to bank loans caused 999.8 billion won in damages between 2018 and 2022, accounting for 60.1 percent of the total sum, according to the report submitted by the FSS to Rep. Kang Min-kuk of the ruling People Power Party (PPP). The number of phishing s
February 21, 2023 -
Researchers develop efficient nickel nitride-based catalyst for green hydrogen production
SEOUL -- A team of researchers from a state research institute has developed a cheap metal-based catalyst that has about 200 percent higher efficiency in water electrolysis, the electrochemical breakdown of water into hydrogen and oxygen, than precious metal-based electrodes. Electrolysis that uses electricity to break down water is the core technology for the production of green hydrogen, which is hydrogen fuel produced only using renewable energy. However, such a method require
February 21, 2023
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PHOTOS: Festival features India's traditional dance in Seoul
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PHOTOS: UAE heritage showcased on Nami Island
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Octogenarian becomes oldest contestant at beauty pageant in Seoul
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Krafton to showcase new games at G-Star
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Golfer Pak Se-ri wins Van Fleet Award for strengthening U.S.-Korea relations
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Naver Map offers multilingual translation for visitor reviews
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Indian cultural festival kicks off with traditional dance performance
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Hanwha Q Cells sells solar project in Washington state
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School bus fire claims 23 lives in Thailand
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Google to invest $1 billion in Thailand data center, cloud AI Infrastructure