Latest news
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Seoul to launch metaverse-based counseling services for students struggling in school
SEOUL -- A metaverse-based counseling platform will be adopted in Seoul to help young students maintain their composure while facing various types of struggles such as academic concerns and friendship problems. Without revealing their faces, students can communicate with teachers using avatars capable of recognizing different emotions. Amid the coronavirus pandemic, the number of young people feeling positive emotions has significantly decreased. In a 2021 survey of 862 people aged
January 16, 2023 -
Jeju Island to establish intelligent transport system to ease traffic congestions
SEOUL -- The southern resort island of Jeju will adopt an intelligent transport system in an effort to ease traffic jams. The island with a population of about 635,000 is visited by more than 10 million visitors from South Korea and abroad every year. It is very common to witness traffic congestion at tourist hot spots and major towns on the island. An intelligent transport system (ITS) is a smart traffic control tower that can monitor roads in real-time and control traffic lights
January 16, 2023 -
Foreign investors become net buyers this month, leading Korean stock market
SEOUL -- Foreign investors have become net buyers on the main Seoul stock exchange this month, ramping up share prices. According to the Korea Exchange (KRX), foreigners’ net purchase was estimated at 2.88 trillion won ($2.33 billion) between January 2 and 13. The net buying trend was in contrast to their net selling of 1.69 trillion won last month, boosting the benchmark KOSPI by 6.7 percent from 2,236.40 on December 29 to 2,386.09 on January 13. Foreign portfolio in
January 16, 2023 -
UAE decides to invest $30 billion in South Korea
SEOUL -- The United Arab Emirates (UAE) has decided to invest $30 billion (about 37 trillion won) in South Korea’s nuclear power, energy and defense sectors, the presidential office said on January 15. The decision came during a summit between President Yoon Suk-yeol and his UAE counterpart Mohamed bin Zayed Al Nahyan in Abu Dhabi. The office quoted the UAE president as telling Yoon that the Middle Eastern country has made the investment decision with confidence in the
January 16, 2023 -
Southern port city to operate incubation programs to beef up workers' big data capability
SEOUL -- The southern port city of Busan will kick-start an incubation program for its workers to improve their capability to understand and utilize big data in their administrative work processes. South Korea has been collecting public data from various sectors for the last decade. Big data is a collection of data sets that is too large for conventional tools or methods to process. While the vast amount of information has extremely high statistical power, it could also have a high
January 16, 2023 -
Korea-Singapore digital partnership pact to take effect on January 14
SEOUL -- The bilateral Digital Partnership Agreement (DPA) between South Korea and Singapore will take effect on January 14, the Ministry of Trade, Industry and Energy said. The implementation of the agreement comes after the two countries exchanged documents stating that each state has completed the due process of approving the pact. In November, Korea and Singapore signed the DPA, a trade pact which is aimed at stepping up cooperation in the field of digital trade and industry.
January 13, 2023 -
[COLUMN] Is it the government's business to encourage people to have babies?
SEOUL -- News that government is strategizing to encourage couples to have more babies made me think of an image from old Korea that is hard to get out of your head once you’ve pictured it: the way relatives lurked around and peeked inside the room where newlyweds were having their first night together. No offense to Na Kyung-won and the members of the
January 13, 2023 -
Lotte Himart to establish EV charging infrastructure in electronics stores' parking lots
SEOUL -- Lotte Himart, a South Korean retailer of electronic goods, has teamed up with domestic electric vehicle charger manufacturer Jungang Control to establish EV charging infrastructure in parking lots at its electronics stores. The retailer has some 400 stores nationwide. South Korea is trying hard to achieve net-zero carbon dioxide emissions by 2050 by promoting the use of renewable energy and clean fuels. As of the third quarter of 2022, about 340,700 EVs were registered in
January 13, 2023 -
BOK raises interest rate again to 3.5% to tame inflation
SEOUL -- The Bank of Korea (BOK) increased its key interest rate by 0.25 percentage point to 3.5 percent to tame inflation on January 13. It marked the seventh consecutive rate hike by the central bank since April 2022. “We concluded that it was necessary to increase the interest rate to ensure price stability as inflationary pressure still remains high and prices are expected to stay above the target rate for a considerable period of time,” the BOK’s rate-setting
January 13, 2023 -
LG Uplus to acquire subsidiary's EV charging service business division
SEOUL -- LG Uplus, a major mobile carrier in South Korea, will make a foray into the country's rapidly growing electric vehicle charging service industry by acquiring the EV charging business division of LG HelloVision, the cable television network wing of the mobile carrier. South Korea with more than 25 million registered vehicles has 340,700 EVs registered as of the third quarter of 2022. According to the trade ministry, the domestic sales of EVs are increasing by some 80 pe
January 13, 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