Latest news
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Korea's scientific output lags behind heavy investments: Nature
SEOUL, August 22 (AJU PRESS) - South Korea's research output is not keeping pace with its substantial investments in science and technology, as gender gaps, a shrinking population and cultural barriers hinder the country's innovation ecosystem, a new report from Nature said. The prominent science magazine released a special edition of Nature Index focusing on South Korea's research landscape on Wednesday. According to the report, South Korea leads major countries in
August 22, 2024 -
Underdog Korean high school in Kyoto reaches baseball championship final
SEOUL, August 22 (AJU PRESS) - A small school in the historic town of Kyoto, Japan advanced to the final of Koshien, the island country's annual high school baseball tournament. Kyoto International Junior and Senior High School defeated Aomori Yamada Junior and Senior High School in the semifinals held in Hyogo, western Japan on Wednesday. Only 49 baseball teams from about 4,000 Japanese high schools qualify to compete in the prestigious baseball tournament held every summer.
August 22, 2024 -
Korean banks log record interest income in first half
SEOUL, August 22 (AJU PRESS) - Korean banks posted a record-high interest income of 29.8 trillion won ($22.3 billion) in the first half of 2024, up 1.4 percent year-on-year, the Financial Supervisory Service (FSS) reported on Thursday. However, net profit for the period declined by 11 percent to 12.6 trillion won, primarily due to a decrease in non-interest income and operating losses from provisions for equity-linked securities (ELS). The FSS noted that banks' interest incom
August 22, 2024 -
Bank of Korea holds key rate amid property market concerns
SEOUL, August 22 (AJU PRESS) - Korea's central bank kept its benchmark interest rate unchanged at 3.5 percent on Thursday amid concerns over rising housing prices and household debt. The Bank of Korea's (BOK) Monetary Policy Board decided to freeze its seven-day repurchase rate for the 13th consecutive time since February 2023, marking the longest-ever streak of rate holds. The decision was widely expected. Despite BOK Governor Rhee Chang-yong's recent hints in July o
August 22, 2024 -
'Parasite' star Lee Sun-kyun's posthumous film conjures Korea's political upheaval
SEOUL, August 22 (AJU PRESS) -Director Choo Chang-min's latest film takes a fresh approach to the watershed moments of political upheaval in Korea's modern history. "Land of Happiness," released last week, is set against the backdrop of the assassination of former strongman Park Chung-hee in the late 1970s. The courtroom drama intertwines fiction and history to explore how hegemonic power can distort truth. By examining the assassination through a legal lens, th
August 22, 2024 -
BTS member's DUI arrest sparks push for harsher electric scooter penalties
SEOUL, August 22 (AJU PRESS) - Lawmakers have proposed stricter penalties for drunk-driving and unlicensed operation of electric scooters and kickboards following a recent incident involving BTS member Suga. Suga, who is currently serving his mandatory military service, was arrested earlier this month after falling off his electric scooter while intoxicated in Seoul's Yongsan district. The incident sparked public concern over the safety of these personal mobility devices (PMs
August 22, 2024 -
OPINION: Why North Korea may find South's new vision for reunification provocative
SEOUL, August 22 (AJU PRESS) - Every year, on Aug. 15, there is a public holiday in South Korea to commemorate the day the Korean Peninsula was liberated from Japanese colonial rule. On this day, there is a longstanding tradition whereby South Korean presidents outline their vision for Korean reunification – Korea has been divided between the North and South since 1945. But the country's current president, Yoon Suk Yeol, proposed a new approach this year. Rather than empha
August 22, 2024 -
PHOTOS: Riot Games' Valorant Champions finals coming to Korea
SEOUL, August 21 (AJU PRESS) - Riot Games, a U.S. esports powerhouse, held a press conference in Seoul on Wednesday, two days before the Valorant Champions 2024 finals. "Our Champions Seoul has been one of our most successful events ever," said John Needham, president of publishing and esports. The final matches are scheduled to take place from Friday to Sunday at Inspire Arena in Incheon, west of Seoul. Following an hour-long Q&A session, Julie and Natty from the multination
August 21, 2024 -
OPINION: Korea Exercises Highlight Japan, South Korea and U.S.
KENOSHA, August 21 (AJU PRESS) - South Korea and the United States on August 19 began regular annual military exercises, including operations geared toward North Korea, but this year there is a difference. Japan is a more visible defense partner in the Pacific and beyond This follows directly from a Camp David summit last year hosted by President Biden that included the prime ministers of both Japan and South Korea. The resulting agreement greatly changes the dynamics of the balance
August 21, 2024 -
PHOTOS: Finance Job Fair draws crowds in Seoul
SEOUL, August 21 (AJU PRESS) - The Finance Job Fair 2024 opened on Wednesday for a two-day run at the Dongdaemun Design Plaza (DDP) in Seoul. It is the largest recruitment event in the financial sector in the nation. The eighth annual event features 77 companies, 13 more than last year's edition.
August 21, 2024
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Prosecutors seek extension of Yoon's detention
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INTERVIEW: Vietnamese envoy highlights dialogue as key to enhancing partnership with S. Korea
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Main opposition party takes lead over ruling party again in latest poll
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Trump to 'reach out' to North Korean leader
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Kia defies 'EV chasm' to report record annual revenue, operating profit
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Ukraine may repatriate North Korean POWs once war with Russia ends
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SK hynix poised for another record-breaking year on AI chip boom
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PHOTOS: Migration for Lunar New Year holiday begins
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Kim Jong-un remains silent on Trump as North Korean parliament meets
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Trump's fossil fuel push draws mixed reactions from Korean refiners