A large number of US and South Korean forces will conduct live-fire drills in an area close to the border with North Korea.

Despite North Korea's warning that it won't accept such a hostile invasion rehearsal, South Korea and the US were about to launch huge live-fire drills along the border with North Korea. Despite North Korea's warning that it won't accept what it deems a hostile invasion rehearsal ...

South Korean cigarette sales increase in 2022.

Despite the government's anti-smoking campaign, cigarette sales in South Korea rose by 1.1% in 2022 over the previous year, according to the Finance Ministry.

According to the Ministry of Economy and Finance, South Korean consumers purchased 3.63 billion packs of 20 cigarettes in 20...

Financial, automotive, and battery material gains push Seoul stocks higher at the close.

Automakers, battery materials businesses, and financial institutions were the day's top gainers on the South Korean stock market. The domestic currency depreciated versus the dollar.

After gaining 3.99 points, or 0.16 percent, the Korea Composite Stock Price Index ended the day at 2...

Gains in LG's market capitalization have been the highest among major companies.

With Chairman Koo Kwang-mo at the helm, the South Korean conglomerate LG has been able to outpace its larger competitors Samsung, SK, and Hyundai Motor in terms of overall market value growth over the past year thanks to its focus on change, innovation, and the development of new growth engines. ...

In April, Japan and South Korea will hold their first security discussions in five years.

According to a diplomatic source on Monday, preparations are being made for the first working-level security talks between Japan and South Korea in more than five years to take place next month, ahead of a planned visit by President Yoon Suk Yeol to the United States.

As Tokyo and Seoul...

After twelve years, Bong Joon-ho returns to the Florence Korean Film Festival

For the first time in 12 years, South Korean superstar director Bong Joon-ho will visit the Florence Korean Film Festival.

According to the festival's organiser, Taegeukgi Cultural Association, Bong will take part in a master class on April 6 at the festival, which presents Korean m...

Netflix South Korean drama The Fabulous, starring Chae Soo-bin and Minho, which is a shallow story about the fashion industry that needs some alterations.

When high culture and high jinks meet, the result is incandescent. Starring Chae Soo-bin and Minho of the K-pop boy band Shinee, The Fabulous is a drama about young professionals. This new Netflix original series follows in the footsteps of Sex and the City in its emphasis on hedonism and materia...

Losses in global foundry sales in 2023 will hurt Taiwan and South Korea.

This year is expected to be a down year for revenues in the worldwide contract chipmaking industry, also known as foundries, as demand for sophisticated chips, which have strengthened the technology-driven economies of Taiwan and South Korea, rapidly cools. Foundry sales are forecast to drop by 4...

Important lessons from loosening regulations for foreign investment

To attract international investment, banking regulators in South Korea have unveiled a new set of rules, one of which is the elimination of the country's decades-old investor registration system. As of the end of June 2022, foreign investors own around 30.7% of the local stock market, as repo...

Sales of global foundries are expected to fall in 2023, hurting Taiwan and South Korea in particular.

The advanced chips that have strengthened the economies of Taiwan and South Korea through technological innovation have seen a sharp decline in demand, and foundry revenues around the world are expected to plummet as a result. Foundry sales are predicted to fall by 4% in 2023 from 2022, according...

In Nigeria, Daewoo E&C has opened a new construction instruction facility.

Daewoo E&C, a construction firm in South Korea, announced on Friday that as part of a community service initiative, it has opened a vocational school to educate future generations of welding and scaffolding specialists. Daewoo E&C announced that it has opened a training center in Nigeria,...

The initial shipment of Pfizer's Covid-19 pills has arrived in South Korea.

On Thursday, Pfizer started shipping its antiviral Covid-19pills to South Korea for use on individuals with moderate or severe symptoms. To combat what could be another outbreak of diseases caused by the highly contagious omicron variety, health officials have hailed the Paxlovid pills as a poten...

South Korea will extend its quarantine period for people with Covid.

On Friday, Prime Minister Han Duck-soo said that South Korea would extend the current seven-day quarantine mandate for Covid-19 patients for four more weeks. This is because to concerns that easing the obligation could hasten a reappearance of the virus. Han stated in a virus response meeting tha...

As traditional marketing agencies see a decline in demand, big names are moving into the NFT space to maintain competitiveness.

By 2022, South Korea's NFT market is predicted to be worth $938.6 million, a 47.3% annual increase from 2017. Consistent expansion of the NFT market is anticipated over the projected period, with a CAGR of 33.8% from 2022-2028. The value of national expenditures on next-generation financial t...

Success or Failure of Health Care Reform in South Korea

In just 12 years, SOUTH KOREA established universal healthcare. The government first required medical insurance for employees and their dependents in large businesses with more than 500 employees in 1977, marking the modest beginning of this extraordinary achievement. The entire country was given...

To address the rising demand in hospitals, South Korea prioritizes AI-based imaging solutions, according to Global Data

In order to address the rising demand in hospitals, a number of South Korean health technology companies that provide artificial intelligence (AI)-based imaging solutions are collaborating more frequently with national and foreign multinationals. In light of this, Global Data predicts that the So...

Lotte Chemical, an ambitious South Korean company, is counting on mergers and acquisitions to help them expand during the coronavirus outbreak.

Lotte Group chairman Shin Dong-bin had been pursuing an ambitious plan to triple the conglomerate's revenue from its chemicals business over a 10-year period, putting it in competition with the likes of Dow and ExxonMobil Chemical, after years of turmoil punctuated by a family feud and a brie...

Brazil defeats South Korea 4-1 at the World Cup thanks to Neymar's goal

It was the same old Neymar out there, looking fit and scoring a goal to get closer to Pele's all-time record and lead Brazil into the World Cup semifinals.

Neymar returned from injury and converted a first-half penalty in Brazil's 4-1 round-of-16 victory over South Korea on Mond...

North Korea launches 130 artillery projectiles into the eastern and western "buffer zones": The South Korean military

North Korea launched 130 artillery projectiles into eastern and western marine "buffer zones" on Monday, in breach of a 2018 bilateral military agreement, according to Seoul's defense authorities, during live-fire drills between South Korea and the United States in a border region.<...

Seoul and Beijing have agreed to hold a meeting in South Korea

South Korean and Chinese foreign ministries agreed Monday to deepen bilateral diplomatic ties as the two nations aim to undertake high-level interactions, including a summit in Seoul, "in the new age of cooperation."

Minister Park Jin and his Chinese counterpart Wang Yi conduc...