Latest news
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McCarthy's turbulent start
KARACHI -- Finally, after four days of grueling ballots that were laced with coercing, pleading, arm-twisting, bribing, and finger-jabbing, Kevin McCarthy was able to flip some 20 conservative holdouts to become
January 11, 2023 -
Number of jobs increases by 810,000 in 2022, hitting 22-year high
SEOUL -- The number of jobs increased by 810,000 to 28.08 million last year from a year before, boosted by stable economic growth and a return to normal life from the COVID-19 pandemic, according to Statistics Korea. The increase was the largest since 2000 when the number climbed by 882,000. The previous record was set in 1987 when the figure rose by 849,000. Gong Mi-suk, director in charge of social data at the statistical office, said that the boom in the job market was attri
January 11, 2023 -
LINE's subsidiary partners with blockchain company to co-develop global NFT platform
SEOUL -- LINE NEXT, the non-fungible token-based service development wing of global messenger platform operator LINE, has forged a partnership with Finger Labs, a blockchain developer operated by digital marketing company Future Stream Networks, to co-develop a global NFT platform. A blockchain is a decentralized network where all connected users have a virtual ledger. When a change is made to a ledger, the same change is simultaneously made to all other ledgers, making the network
January 11, 2023 -
Minari actress Youn Yuh-jung signs with American agency Creative Artists Agency
SEOUL -- Youn Yuh-jung, a veteran actress who won the 2021 Academy Award for her role in the 2021 American film Minari, signed with Creative Artists Agency, a major entertainment agency based in Los Angeles. The American agency works with many famous actors including Tom Hanks, Brad Pitt, and Ryan Gosling. According to an exclusive report released by US entertainment news media Deadline, the 75-year-old signed a contract with Creative Artists Agency (CAA). The agency has signed wit
January 11, 2023 -
BLACKPINK becomes first K-pop band to headline US music festival Coachella
SEOUL -- K-pop girl band BLACKPINK will interact with global fans at the Coachella Valley Music and Arts Festival, a popular American music event, as its headliner. The four-member band is the first K-pop group to take part in the annual event known for showcasing popular artists in indie rock, hip-hop, and electronic dance music. Coachella said in an Instagram post that the group will perform at the music festival on April 14 and April 21. The headliner role is usually given to th
January 11, 2023 -
Businesses reduce production targets amid economic slowdown
SEOUL -- Domestic businesses have begun to reduce their production targets, battered by soaring inflation and high interest rates. Industry sources said that it is inevitable for companies to cut down on production as the economic downturn is likely to persist at least in the first half of this year. They warned that the production reduction could create a vicious cycle of growing unemployment, falling consumption, and sluggish investments. The output target cut by large fi
January 11, 2023 -
S. Korea reveals fishing boat capacity reduction plan for nearshore fishermen
SEOUL -- Due to the decreased catch affected by climate changes and overfishing, South Korea will carry out a nearshore fishing boat capacity reduction program. A total of 39 boats will be reduced in 2023 and subsidies will be provided in form of tax returns and reimbursements for estimated salvage values of boats and fishing equipment, and up to six months of salary for fishermen who lost their jobs because of the fishing boat reduction program. The reduction of fishing boat capac
January 11, 2023 -
Ateez ranks seventh on Billboard's top 200 popular albums chart with 'SPIN OFF : FROM THE WITNESS'
SEOUL -- K-pop boy band Ateez is garnering explosive popularity through its first single album titled "SPIN OFF : FROM THE WITNESS." The album was ranked seventh on Billboard's top 200 popular album chart. The album released on December 30 ranked seventh on January 9, according to KQ Entertainment, the eight-member band's agency. More than 40,000 copies of the album were sold. The music video for the album's title song "Halazia" gained more tha
January 10, 2023 -
SwRI to work with Korean automotive technology researchers for autonomous vehicle-related projects
SEOUL -- The Southwest Research Institute, a Texas-based nonprofit organization specializing in smart mobility, has partnered with an automotive technology research institute in South Korea to gain a competitive edge in self-driving technology. Various projects such as pedestrian behavior prediction and automatic speed control technology will be carried out. The Korea Automotive Technology Institute (KATECH) said in a statement that it has partnered with the Southwest Research Inst
January 10, 2023 -
Current account swings back to deficit in November
SEOUL -- South Korea posted a current account deficit again in November last year amid a steep fall in memory chip exports, according to the Bank of Korea on January 10. The BOK said the deficit was estimated at $620 million, compared to a surplus of $682 million a year before. The shortfall came after the current account returned to a surplus of $880 million in October. The current account, a broad measure of a nation’s global trade in goods and services as well as net e
January 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