Latest news
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S. Korea can benefit from China's reopening to boost exports, economic growth: report
SEOUL -- South Korea is predicted to benefit from China's reopening from COVID-19 restrictions which can boost exports and economic growth of Asia's fourth largest economy, according to a report released by the Korea International Trade Association (KITA) February 12. The report said that China's reopening is likely to increase Korea's exports by an additional 0.55 percentage point and its economic growth by 0.16 percentage point in 2023. "China's econo
February 13, 2023 -
CJ Olive Young captures young Middle Eastern consumers with color cosmetics brand Wakemake
SEOUL -- CJ Olive Young, the drug and beauty store franchise of South Korea's CJ Group, has expanded its sales channels for a color cosmetics brand called "Wakemake" to the United Arab Emirates targeting young female Middle Eastern consumers. The South Korean company said Wakemake's eyeliner products are gaining explosive popularity, especially among Emirati female consumers who cover their faces with head coverings and only expose their eyes. According to data r
February 13, 2023 -
[Weekly Stock Market] Markets to focus on macroeconomic data, China's reopening
SEOUL -- The KOSPI, South Korea’s benchmark stock price index, experienced another volatile week closing slightly lower at 2,469.73 (-0.4 percent). As investors remained focused on overall inflationary trends, the much bette
February 12, 2023 -
SK Telecom to provide virtual effects-related educational program for film production experts
SEOUL -- South Korea's top mobile carrier SK Telecom (SKT) have teamed up with the Korean Film Council and a domestic virtual production company called XON Studio to provide virtual film production-related educational programs. Film producers can learn how to create films through virtual effects technology. Virtual effects (VFX), which incorporates computer graphics (CG) elements, is often used by filmmakers to produce imagery that is difficult to be filmed or doesn't exist
February 10, 2023 -
[OPINION] Beijing's balloon and practical Asia realities
KENOSHA, Wisconsin -- The large balloon launched by China, which drifted at a leisurely pace over North America until shot down by a U.S. F-22 fighter, is definite
February 10, 2023 -
South Korea to resume issuing short-term visas for travelers from China
SEOUL -- The South Korean government said February 10 that it has decided to resume issuing short-term visas in its diplomatic missions in China for those wanting to travel to Korea starting February 11. In a positive response to Seoul's decision, China said that it will actively consider lifting its visa restrictions against South Koreans. Chinese foreign ministry spokesperson Mao Ning told reporters that South Korea's lifting of visa restrictions on China is a step in the
February 10, 2023 -
BTS agency Hybe to emerge as largest shareholder in SM Entertainment
SEOUL -- Hybe, the agency of BTS, is expected to become the largest shareholder in entertainment powerhouse SM Entertainment, by purchasing a 14.8 percent stake. The decision was made while SM's founder Lee Soo-man embarked on a legal battle with SM's executive boards for issuing new shares to sell them to Kakao Corp., the domestic internet giant. Through SM, Lee has played a crucial role in popularizing K-pop through talented artists such as Girls' Generation, Super Ju
February 10, 2023 -
4 German automakers engage in collusion on emission reduction device: regulator
SEOUL -- The Korea Fair Trade Commission (KFTC) has decided to issue an order on four German automakers to correct its collusive scheme that caused their diesel cars to emit more nitrogen oxide (NOx). It has also decided to impose a combined fine of 42.3 billion won ($33.5 million) on three of the carmakers operating here. On February 9, the KFTC said it has found that the German brands -- BMW, Mercedes-Benz, Audi and Volkswagen -- were engaged in the collusive scheme in which they
February 10, 2023 -
Woowahan Youths to launch electric motorcycle rental business for delivery workers
SEOUL -- Woowahan Yooths, a logistics service provider affiliated with Woowa Brothers, the operator of South Korea's top food delivery service Baedal Minjok, has partnered with A Rental & Service, a domestic motorcycle rental service provider, to make a foray into an electric delivery motorcycle rental business. Motorbikes capable of traveling up to 24 to 31 miles with a fully charged battery will be provided for consumers. As of 2022, some 30,000 food delivery workers rode
February 10, 2023 -
Red Velvet to represent K-pop bands at Primavera Sound 2023
SEOUL -- Girl band Red Velvet will interact with global fans at Primavera Sound, an annual music festival held in Spain, as the only K-pop group. The five-member band will perform along with global stars such as rapper Kendrick Lamar and Halsey. According to SM Entertainment, the group's agency, Red velvet will participate in the festival on June 1 in Barcelona and Madrid on June 8. This year, the event will take place between June 1 and 3 in Barcelona and in Madrid from June
February 10, 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