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South Korea

166 stories in the last 24 hours

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Outlets we follow from South Korea 4
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  1. Crime & Justice · Asia The Korea Times

    Lawmaker seeks $4.9 mil. budget to detect AI smart glasses cheating

    The Korean government is stepping up efforts to crack down on cheating involving artificial intelligence (AI)-powered smart glasses, as concerns spread beyond the annual college entrance exam to national licensing tests, with even top scorers facing suspicions of misconduct. However, concerns are also emerging that widespread suspicions, even without concrete evidence, could undermine public trust in the fairness of exams. While authorities have pledged zero tolerance for cheating ahead of th...

    • Crime & Justice
    • AI
    • Asia
  2. Business · Asia The Korea Times

    LG family scion repatriated from Cambodia after 8 years on the run

    A member of the family that founded conglomerate LG Group has been repatriated from Cambodia eight years after leaving Korea to escape an investigation into stock manipulation charges, police said Friday. Koo Bon-hyun, a nephew of the late LG Group honorary chairman Koo Cha-kyung, was detained upon arriving in the country Monday to undergo an investigation on suspicion of violating the Capital Markets Act, embezzlement and breach of trust, according to the Seoul Metropolitan Police Agency. Th...

    • Business
    • Asia
  3. Business · Asia The Korea Times

    Korea's rice production falls for 5th year in 2026 amid changing diets

    Korea's rice output declined for the fifth consecutive year in 2026 amid changing dietary habits, data showed Friday, with the cultivation area also reaching a new low. Rice production decreased 0.9 percent year-on-year to 3.5 million tons this year, according to data compiled by the Ministry of Data and Statistics. It marked the fourth-lowest level since the government began compiling the data in 1965. The combined area of rice paddies in the country fell 1.1 percent year-on-year to 670,000...

    • Business
    • Asia
  4. Health · Asia The Korea Times

    1 in 4 Korean high schoolers sleep less than 5 hours on weekdays

    One in four high school students in Korea gets less than five hours of sleep a night on weekdays, with those sleeping fewer hours reporting higher rates of stress, depression and suicidal thoughts. According to the National Youth Policy Institute on Friday, 27.3 percent of high school students slept less than five hours on average during weekdays, while 59.1 percent got fewer than six hours. The findings were based on responses from 54,170 middle and high school students nationwide. The study...

    • Health
    • Asia
  5. Politics · Asia The Korea Times

    Top ruling party officials boycott meeting amid deepening factional rift

    Three members of the ruling Democratic Party of Korea (DPK)'s Supreme Council boycotted a council meeting Friday in protest of party leader Kim Min-seok's decision to order an ethics probe into one of the officials over controversial remarks about President Lee Jae Myung. The three officials, who are aligned with former DPK leader Jung Chung-rae, criticized Kim for ordering the party's ethics committee to investigate Rep. Choi Min-hee's remarks suggesting that Lee had opposed former President...

    • Politics
    • Asia
  6. Crime & Justice · Asia The Korea Times

    Arrest warrant issued for man in murder of girl assaulted by his son

    A court issued a warrant Friday to arrest a man suspected of murdering a 15-year-old girl who allegedly was sexually assaulted by his son. The suspect, 59, was apprehended by police at a short-term rental property in northern Seoul on Wednesday after allegedly murdering the girl on the premise the previous day. The Seoul Northern District Court issued the arrest warrant for the suspect, citing concerns he could destroy evidence or flee. According to investigators, the suspect purchased a weap...

    • Crime & Justice
    • Asia
  7. Health · Asia The Korea Times

    'Soju should not exist': Surgeon warns of addiction risk from cheap, strong alcohol

    Click here for more articles by Kormedi.com. A practicing surgeon has issued a strong warning about the dangers of soju — a popular traditional Korean alcohol that is now mass manufactured — drawing on his own experience of severe alcohol addiction. Lee Jun-suh, a hepatopancreatobiliary surgeon, appeared on the YouTube channel Doctor Dinho on Tuesday and said, "Soju is a drink that should not exist." "Its alcohol content is far too high for its price, fueling alcohol addiction," he said. Gast...

    • Health
    • Asia
  8. Politics · Asia The Korea Times

    Defense ministry conducting poll on military cadets over proposed academy integration

    The defense ministry said Friday it is surveying military cadets on the proposal to integrate the Army, Air Force and Navy academies as the government seeks to revise the plan amid pushback from alumni groups and key stakeholders. The online survey, running from Friday through Tuesday, will poll 2,350 cadets across all four class years, excluding about 143 naval cadets set to be deployed for rotational training, a ministry official told reporters. The ministry is pushing to merge the three in...

    • Politics
    • Asia
  9. Politics · Asia The Korea Times

    Former presidential security official named new KOICA chief

    Oh Hyun-joo, former third deputy director of the presidential National Security Office, has been named to head the Korea International Cooperation Agency (KOICA), the foreign ministry said Friday. Oh will formally take office on Monday to lead the agency, which is affiliated with the foreign ministry and responsible for the government's official development assistance (ODA) programs. After entering the foreign service in 1994, Oh held various posts in development cooperation and multilateral...

    • Politics
    • Asia
  10. Business · Asia The Korea Times

    Lee pledges capital market reform to address stock undervaluation

    President Lee Jae Myung on Friday reiterated his commitment to capital market reform, pledging to address what he has called "undervaluation" of Korean stocks by boosting market confidence and cracking down on market irregularities. Lee made the pledge during a policy discussion on the capital market held at the Korea Exchange, which brought together experts, corporate representatives and government officials. "Normalizing the capital market is our government's unwavering policy direction and...

    • Business
    • Asia
  11. Crime & Justice · Asia The Korea Times

    Gov't vows zero tolerance against cheating with AI glasses

    The government promised Friday to exercise zero tolerance against cheating using artificial intelligence (AI) glasses in next week's nationwide college entrance exam after suspicions of such cheating arose over an unrealistic score in this year's certified tax accountant exam. The suspicions emerged following revelations that the highest scorer in the tax accountant exam received a near-perfect score, missing only one question out of the 160 on the first-round test, earning 397.5 points out o...

    • Crime & Justice
    • AI
    • Asia
  12. Politics · Asia The Korea Times

    Lee's approval rating falls back below 40%: poll

    President Lee Jae Myung's approval rating slipped back to 39 percent this week, a weekly poll showed Friday, amid negative sentiment over his real estate policies and economic concerns. The survey, conducted by Gallup Korea from Tuesday through Thursday on 1,002 people aged 18 and older, showed that positive assessments of Lee's performance fell 2 percentage points from the previous week, when the figure stood at 41 percent. Lee's approval rating has fluctuated around the 40 percent mark in r...

    • Politics
    • Asia
  13. Crime & Justice · Asia The Korea Times

    Seoul files criminal complaints against 5 serial 119 prank callers

    For the emergency dispatchers staffing Seoul’s 119 hotline — Korea’s equivalent of 911 — every second counts. Yet over the past year, a handful of individuals treated the city’s critical lifeline for fires, accidents, and medical emergencies as a personal bulletin board, a late-night cab service and a sounding board for drunken rants. The Seoul Metropolitan Government said Friday that it had filed criminal complaints against five habitual callers who collectively flooded the 119 emergency dis...

    • Crime & Justice
    • Asia
  14. Politics · Asia The Korea Times

    Gov't holds first task force meeting to ease living costs for wage earners

    Korea on Friday held the inaugural meeting of a new task force aimed at developing policies to reduce living costs and boost real disposable income for wage earners. First Vice Finance Minister Kwon Dae-young chaired the meeting with officials from relevant ministries to discuss detailed implementation plans following the presidential office's announcement of the initiative this week. The task force comprises four working groups covering existing support measures, taxation, fiscal policy and...

    • Politics
    • Asia
  15. Lifestyle · Asia The Korea Times

    [WEEKENDER] Samsung Guide Dog School marks 33 years of changing lives

    Samsung Guide Dog School, which marks its 33rd anniversary this year, is Korea’s first guide dog training institution and the world’s only guide dog school operated by a single corporation, with its operations fully funded by Samsung Fire & Marine Insurance. The school was established in September 1993 by late Samsung Group Chairman Lee Kun-hee as part of efforts to foster greater understanding and acceptance of people with disabilities. At the time, corporate involvement in guide dog trainin...

    • Lifestyle
    • Asia
  16. Lifestyle · Asia The Korea Times

    [WEEKENDER] How guide dogs and humans become partners

    Completing professional training does not mean a guide dog is immediately ready to accompany a visually impaired person. The dog must first be matched with a suitable partner, and the two must learn to walk and live together. Few understand this process better than Yoo Seok-jong of Samsung Guide Dog School. Born with a visual impairment, Yoo now lives with his fifth guide dog. Drawing on his own experience, he helps visually impaired people find dogs suited to their needs and lifestyles. Duri...

    • Lifestyle
    • Asia
  17. Lifestyle · Asia The Korea Times

    [WEEKENDER] A day with Jerry, guide dog in training

    As Jerry, a Labrador retriever, approached a crosswalk, he came to a stop at the curb. His trainer, Keum Jung-hun, had given no command. Jerry simply recognized the boundary between the sidewalk and the road and stopped on his own. Keum pressed a small device, producing a sharp click. Known as a clicker, the tool signals that Jerry has performed a task correctly. "It means he did a good job," Keum explained. "Verbal praise takes time, but a clicker lets us mark the exact moment he does someth...

    • Lifestyle
    • Asia
  18. Lifestyle · Asia The Korea Times

    'I'd rather stay an intern': Why some Gen Z workers in Korea are choosing less responsibility

    For some young Korean workers, leaving the office on time matters more than finishing every task, and avoiding the responsibilities of a permanent position can be more appealing than climbing the corporate ladder. These attitudes are emerging among members of Generation Z, who are challenging workplace expectations long shaped by loyalty, overtime and deference to senior colleagues. In a roundtable discussion organized by the Hankook Ilbo, young participants shared their views on work, career...

    • Lifestyle
    • Asia
  19. Lifestyle · Asia The Korea Times

    How a close friend of labor activist Jeon Tae-il keeps his legacy alive

    Choi Jong-in, 78, still aches for his friend Jeon Tae-il, who was just 22. When Jeon set himself on fire in the middle of Pyeonghwa Market in Seoul's Jung District on Nov. 13, 1970, Choi was the first to rush to his side, taking off his jacket to smother the flames. “His hair was burning and curling like nylon fabric, his lips were turning inside out, but he sprang back to his feet and shouted, ‘We are not machines!” More than half a century has passed, and one might expect Choi to recount th...

    • Lifestyle
    • Asia
  20. Politics · Asia The Korea Times

    Clash over NK defector label fuels debate over identity

    A bill to change South Korea’s legal term for North Korean defectors set off a shouting match at the National Assembly Thursday after an opposition lawmaker challenged Unification Minister Chung Dong-young over the proposed name. “Minister Buk Dong-young, why is it OK to call me ‘bukhyangmin?’” asked Rep. Park Choong-kwon of the main opposition People Power Party, who fled North Korea in 2009. He had replaced Chung’s surname with “buk,” the Korean word for north. Rep. Lee Ki-heon of the rulin...

    • Politics
    • Asia
  21. Conflict · Asia The Korea Times

    Korea urges Japan to face full history of Sado mine during separate memorial

    Korea on Friday called on Japan to fully acknowledge the history of wartime forced labor at the Sado mine complex as it held a separate memorial ceremony for Korean victims of forced labor for the third consecutive year. Korean Ambassador to Japan Lee Hyuk made the call during the ceremony held at a hotel on Sado Island in Niigata Prefecture, with nine family members of the victims attending. "Many Korean workers had been mobilized against their will and forced to work at the mine through gov...

    • Conflict
    • Asia
    • Japan
  22. Politics · Asia The Korea Times

    Remains of 2 Korean independence fighters to return home from US, Uzbekistan

    The remains of two Korean independence fighters laid to rest in the United States and Uzbekistan will return home next week to mark the 80th anniversary of a project to repatriate the remains of such activists from overseas, the veterans ministry said Friday. The remains of Ho Si-han and Lee Gwal will be brought back from the U.S. and Uzbekistan, respectively, on Sunday, according to the ministry. It marks the first time that the remains of an independence fighter buried in Uzbekistan will re...

    • Politics
    • Asia
    • US
  23. Business · Asia The Korea Herald

    Seoul festival draws record 142 producers of traditional Korean drinks

    South Korea’s largest festival for traditional alcoholic drinks opened Friday in Seoul with a record 142 producers, as the government looks to turn growing interest in Korean food into overseas sales of rice wine, fruit wine and distilled spirits. The three-day festival runs through Sunday at the aT Center in Yangjae, southern Seoul. Now in its 16th year, it features tastings, classes and seminars for producers looking to sell abroad. South Korea’s Agriculture Ministry expects about 30,000 visit

    • Business
    • Markets
    • Asia
  24. Sci & Tech · China South China Morning Post

    Jensen Huang’s exit tests Nvidia’s supply chain clout, ability to bankroll AI buildout

    For years, Jensen Huang was more than Nvidia’s CEO – he was a key figure driving the artificial intelligence boom, parlaying close ties with Asian chip foundries and aggressive financial backing into an unprecedented global buildout of data centres. Following his sudden resignation, the industry is confronting two immediate questions: without Huang’s personal relationships in Taiwan and South Korea, can Nvidia defend its priority access to scarce chipmaking and memory supply? And will it...

  25. Business · Asia The Korea Herald

    FSC chief urges caution on activating stock stabilization fund

    South Korea's financial regulator chief on Friday cautioned against activating the country's stock market stabilization fund in response to ordinary market swings, saying it should be reserved for exceptional circumstances involving urgent market risks. Financial Services Commission Chairman Lee Eog-weon made the remarks at a capital market policy meeting chaired by President Lee Jae Myung at the Korea Exchange in Seoul, after market participants called for the fund's activation to help curb sto

    • Business
    • Markets
    • Asia
  27. Politics · Asia KBS World

    S. Korea Watching Nvidia Situation after Jensen Huang Exit

    [Politics] : Anchor: Nvidia’s board of directors announced on Thursday that co-founder and CEO Jensen Huang had resigned and its executive vice president would immediately step in as interim CEO. In the aftermath of the announcement, South Korean chipmakers saw their shares fall, and Seoul’s Presidential Council on ... [more...]

    • Politics
    • Asia
  30. All sport · Asia The Philippine Star

    Korea's Song seizes Philippine Open lead by four

    Minhyuk Song of South Korea led the foreigners' early day assault and flirted with a 59 as the 108th Philippine Open toasted a new leader heading into weekend play.

  31. News · Asia The Korea Herald

    Why ruling party feud erupts into open challenge to its leader

    Months of factional infighting within the ruling Democratic Party of Korea spilled into the open on Friday, as three senior officials boycotted a leadership meeting and demanded an ethics investigation into party chair Kim Min-seok. The three — Reps. Choi Min-hee, Lee Sung-yoon and Han Min-soo, who make up three of the party’s five elected supreme council members — held a separate news conference. Their protest came a day after Kim ordered an ethics investigation into Choi over remarks suggestin

  32. News · Asia KBS World

    SK hynix Shares Plunge More than 3% as Nvidia Fallout Continues

    [Economy] : SK hynix shares plunged more than three percent on Friday as the fallout from Nvidia CEO Jensen Huang’s resignation continued. The shares closed at one-point-21 million, six-thousand won, down three-point-03 percent from Thursday. Samsung Electronics shares dipped zero-point-96 percent to close at ... [more...]

  33. News · Asia KBS World

    Gov’t Holds Emergency Meeting on Ramifications of Nvidia Crisis

    [Economy] : The government convened an emergency meeting on Friday to discuss the ramifications that Nvidia CEO Jensen Huang’s departure could have on South Korea’s AI industry. The Presidential Council on National Artificial Intelligence Strategy said it convened the meeting with related agencies and reviewed the ... [more...]

  34. News · Asia KBS World

    Science Minister: Nvidia Reaffirms Plans to Supply GPUs to S. Korea

    [Politics] : Science and ICT Minister Bae Kyung-hoon says Nvidia has reaffirmed its plans to supply South Korea with 260-thousand graphics processing units(GPUs) and to pursue existing cooperation projects, despite the sudden resignation of its CEO. Bae said in a Facebook post on Friday that his ministry held a ... [more...]

  36. News · Asia The Korea Herald

    'Empowering women is a business imperative'

    The title of former LG Group executive Yun Yuh-soon's latest book, "The Time to Awaken Half" (a direct translation of its Korean title), carries a message that goes beyond gender equality: Organizations that fail to recognize and develop women's potential waste half their talent. Yun, 71, is best known as LG Group's first female executive. She joined LG Academy, the group's human resources development center, in 1995 at age 40 and became its first female executive in 2000. She later served as pr

  38. Markets · Asia The Korea Herald

    Inside Samsung Medison's W50b push to become a top-three ultrasound maker

    HONGCHEON, Gangwon Province — Eight high-speed machines were mounting electronic components barely visible to the naked eye onto circuit boards at Samsung Medison's newly expanded factory Friday, offering a glimpse of the automation behind the medical device maker's 50 billion won ($37.4 million) push to break into the world's top three ultrasound equipment manufacturers. Inside the cleanroom, the machines worked around the clock, placing components as small as 0.1 to 0.2 millimeters onto circui

  39. News · Asia The Korea Herald

    In 'White Blast,' a bloody standoff at a snowed-in train station

    Films these days tend to fall into one of two camps. The ones that are churned out in droves for streaming are lean, dopamine-chasing thrill rides meant to be devoured in one sitting. Meanwhile, movies made with the multiplex in mind keep getting bigger, with sprawling fictional universes and effects to match. "White Blast" is an anomaly in that sense: a modest, 89-minute mystery that is headed for the big screen anyway. Set at a remote rail station in the snowbound mountains of Gangwon Province

  40. News · Asia The Korea Herald

    Royal palaces to open an hour later on Suneung exam day

    Royal palaces and tombs managed by the Korea Heritage Service will open one hour later than usual on Nov. 19, the day of South Korea's 2027 College Scholastic Ability Test, or Suneung, the country's annual college entrance exam. All sites operated by the agency's Royal Palaces and Tombs Center will open at 10 a.m. instead of the usual 9 a.m. to help ease traffic congestion and ensure students can reach their exam venues on time, the center said. The change applies to the palaces Gyeongbokgung, C

  41. News · Asia Yonhap State media

    Yonhap News Summary

    The following is the second summary of major stories moved by Yonhap News Agency...

  42. News · Asia KBS World

    Seoul Subway Line No. 9 to Adjust Rush-Hour Service Next Week to Ease Crowding

    [Domestic] : Train schedules on Seoul Subway Line No. 9, known for severe overcrowding, will be revised starting next week to ease congestion. Seoul Metro Line 9 Corporation on Friday urged passengers to check the updated timetables in advance, as the changes will take effect Monday. During the morning rush hour, ... [more...]

  47. News · Asia The Korea Herald

    Korea braces for first subzero Suneung morning in 6 years

    One of South Korea's most nerve-racking days of the year is approaching, and this time, the weather could add to the tension. Seoul is forecast to see its first subzero Suneung morning in six years, with temperatures expected to fall to minus 1 degree Celsius on Thursday, according to the Korea Meteorological Administration. If the forecast holds, it will mark the first subzero Suneung morning in Seoul since 2020, when the exam was postponed to December due to the COVID-19 pandemic. The last tim

  48. News · Asia The Korea Herald

    Tax exam top scorer faces AI glasses allegations

    The top scorer in South Korea’s tax accountant qualification exam is facing allegations of using AI-powered smart glasses after his near-perfect score raised suspicions. Han Won-seok, who topped this year’s exam, detailed his preparation in a blog post, saying he scored 397.5 out of 400 in the first round, answering 159 of 160 multiple-choice questions correctly. He earned perfect scores in introductory tax law, introductory accounting and commercial law, and scored 97.5 in public finance. Much

  50. News · Asia The Korea Herald

    Woori Bank CEO secures additional 1-year term

    Woori Financial Group’s subsidiary CEO nomination committee has approved a one-year extension for Woori Bank CEO Jung Jin-wan, citing improvements in the bank’s capital ratio and an expanded customer base, the group said Friday. Jung’s current term, which expires at the end of this year, will be extended through Dec. 31, 2027, subject to final approval at a shareholders meeting later in November. The decision came about a month and a half after the committee launched the bank chief succession pr

  51. News · Asia The Korea Herald

    Seoul shares drop nearly 1%, erasing earlier gains following Nvidia jitters

    South Korean stocks fell almost 1 percent Friday as investors turned cautious over the potential impact of the departure of Nvidia CEO Jensen Huang on the artificial intelligence ecosystem. The local currency was trading lower against the US dollar. The benchmark Korea Composite Stock Price Index closed down 52.20 points, or 0.98 percent, at 5,290.53. The index opened 2.05 percent higher and rose as high as 5,504.44 before shifting to negative territory around 12:35 p.m. Trade volume was light a

  53. Markets · Asia The Korea Herald

    CI Guarantee marks 30th anniversary with AI-driven innovation push

    Construction Industry Guarantee, South Korea's leading construction guarantee provider, celebrated its 30th anniversary Thursday by announcing plans to speed up AI-driven innovation and expand digital financial services. CI Guarantee held a commemorative ceremony at the Westin Josun Seoul, bringing together some 250 guests, including Kim Sung-hwan, director of the construction industry division at the Ministry of Land, Infrastructure and Transport; Nam Young-hee, Incheon’s deputy mayor for balan

  55. News · Asia The Korea Herald

    Severance stabbing suspect referred to prosecutors

    Police referred a woman in her 50s to prosecutors on Friday after she allegedly attacked a psychiatrist at Severance Hospital in Seoul. The woman remains in custody on suspicion of attempted murder, obstruction of business and violating the Medical Service Act. The Seodaemun Police Station referred the case to the Seoul Western District prosecutors’ office. Police applied a provision of the Medical Service Act with strengthened penalties for assaults on medical workers. The provision was introdu

  61. Markets · Asia The Korea Herald

    Google clears key map security checks in Korea, taps Tmap as local partner

    South Korea on Friday confirmed that Google had implemented key security measures required to export detailed Korean map data, bringing the US tech giant a step closer to offering full navigation services after nearly two decades of regulatory hurdles. The Ministry of Land, Infrastructure and Transport said an interagency review committee had verified Google's compliance with security conditions attached to its approval to export 1:5,000-scale map data, following a meeting with government offici

  62. News · Asia KBS World

    KOSPI Down 0.98% Friday

    [Economy] : The benchmark Korea Composite Stock Price Index dropped 52-point-two points, or zero-point-98 percent, on Friday to close at five-thousand-290-point-53. The tech-heavy KOSDAQ gained three-point-13 points, or zero-point-45 percent, to close at 699-point-66. The South Korean won weakened against the U.S. ... [more...]

  64. News · Asia The Korea Herald

    One person contacted Seoul’s 119 more than 5,500 times in a year

    The Seoul Metropolitan Government said Friday it had filed criminal complaints against five people who made a combined 8,710 calls and texts to the 119 emergency line from September 2025 through August 2026. The city said the repeated contacts disrupted its emergency operations center. Some callers stayed silent after dialing, while others sent unrelated photos or asked to be taken home while drunk. The five contacted 119 a combined 4,034 times from June through August. The Seoul Emergency Opera

  65. News · Asia The Korea Herald

    Koreans eye day trips to Japan for cheaper Mounjaro

    In South Korean online forums devoted to Mounjaro, users were comparing flights to Japan and swapping tips on where to get a prescription Friday, as new rules took effect allowing travelers to bring home medicines prescribed and purchased abroad for their own use. “If I can get a cheap flight, a day trip to Fukuoka would cost about 700,000 won ($520), including airfare and a three-month supply of 5-milligram Mounjaro,” one user wrote. “In Korea, I’d pay more than 1 million won for the same amoun

  71. News · Asia KBS World

    Cho Says China Unlikely to Invite N. Korea to APEC Summit

    [Politics] : Foreign Minister Cho Hyun says the chances of North Korean leader Kim Jong-un attending the upcoming Asia-Pacific Economic Cooperation(APEC) summit in China seem relatively low. Speaking to reporters at Gimpo International Airport on Friday before leaving for China, Cho said Beijing could potentially ... [more...]

  72. News · Asia The Korea Herald

    N. Korea changes national flag proportions for first time in 78 years

    North Korea has revised the official proportions of its national flag for the first time since the regime's establishment in 1948, in what analysts see as another step by leader Kim Jong-un to forge a distinct national identity under his "two hostile states" doctrine. According to Article 166 of the revised constitution published Friday on Naenara, a North Korean external propaganda website, the height-to-width ratio of the national flag has been changed from 1:2 to 1:1.65, effectively shortenin

  73. News · Asia KBS World

    Iran Warns S. Korea against Expanding Cheonghae Unit's Mission

    [International] : Iran's foreign ministry has issued a warning that appears to target South Korea's plan to expand the Cheonghae Unit's mission, citing a Korean proverb that cautions against overreach. Ministry spokesperson Esmaeil Baghaei posted the proverb, which says that a sparrow that tries to fly after a stork will ... [more...]

  75. News · Asia The Korea Herald

    Hostile takeovers 'most important tool' to normalize Korean stock market, Lee says

    President Lee Jae Myung said Friday that hostile mergers and acquisitions are "the most important mechanism for normalizing the market," urging officials to examine what could help tackle the country's persistently undervalued stocks. "From the government's standpoint, we need to revitalize M&A. We need to make M&A easier and more frequent for the market to normalize," Lee said during a two-and-a-half-hour capital market policy meeting at the Korea Exchange in Seoul. Lee argued that South Korea

  76. News · Asia The Korea Herald

    'Baby on board,' except this Korean dad's son is in his 20s

    A "Baby on board" sticker is a common sight on cars. One Korean dad, however, had a different banner for a slightly older baby: "My son, who just completed his military service, is on board." After placing the banner on his car, the father posted on online forum Bobaedream to thank fellow drivers for their warm responses during the family's journey. The story quickly went viral. In a "Thank you, everyone" post shared Wednesday, the father explained he placed the banner on his car to celebrate hi

  77. News · Asia KBS World

    Nationwide Rains Expected over Weekend with Chilly Temperatures Ahead

    [Science] : Rain that began falling in the southern regions on Friday will spread to most parts of the country on Saturday. The Korea Meteorological Administration forecasts five to ten millimeters of rain in the Seoul metropolitan area and Gangwon Province, five to 30 millimeters in the Chungcheong provinces, up to 40 ... [more...]

  78. News · Asia The Korea Herald

    LG family scion repatriated from Cambodia after 8 years on the run

    A member of the family that founded conglomerate LG Group has been repatriated from Cambodia eight years after leaving South Korea to escape an investigation into stock manipulation charges, police said Friday. Koo Bon-hyun, a nephew of the late LG Group honorary chairman Koo Cha-kyung, was detained upon arriving in the country Monday to undergo an investigation on suspicion of violating the Capital Markets Act, embezzlement and breach of trust, according to the Seoul Metropolitan Police Agency.

  79. News · Asia The Korea Herald

    Samsung Biologics labor dispute widens as union seeks FKTU affiliation

    Samsung Biologics' labor dispute is entering a new phase with its union pushing to join the Federation of Korean Trade Unions, as a second partial strike enters its second week ahead of their scheduled resumption of collective bargaining next week. The union plans to hold an online vote from Friday through Tuesday to determine whether to affiliate with the country's second-largest umbrella labor organization, a move that could strengthen its bargaining position as negotiations with management re

  83. Markets · Asia The Korea Herald

    Huang's exit could give Korean HBM makers more leverage, raise doubts over Nvidia's AI ventures

    Jensen Huang's abrupt resignation from Nvidia could give South Korean memory chipmakers greater leverage in future supply negotiations, even as his departure raises questions over the fate of AI ventures he personally championed, industry sources and analysts say. Huang, who co-founded Nvidia in 1993, resigned Thursday following revelations of extramarital affairs, including one with a woman suspected by US officials of being a Chinese spy. Nvidia named Chief Financial Officer Colette Kress inte

  85. News · Asia KBS World

    S. Korea Holds Separate Sado Mine Memorial for Third Straight Year

    [Politics] : The South Korean government held its own memorial ceremony in Japan for the third year in a row to commemorate Koreans forced to work at Japan’s UNESCO-listed Sado mines during World War II. The event took place on Friday morning at a hotel on Sado Island, Niigata Prefecture, with nine family members of ... [more...]

  86. News · Asia KBS World

    Lee Vows Capital Market Reforms to Tackle S. Korean Stock Undervaluation

    [Politics] : Anchor: For the second time since taking office, President Lee Jae Myung has visited the Korea Exchange in Seoul as he pushes for capital market reforms amid sharp market volatility. Lee said the undervaluation of domestic stocks is unjustifiable, likening it to a state of emergency. Rosyn Park has ... [more...]

  88. News · Asia The Korea Herald

    Seoul holds separate Sado mines memorial for 3rd year amid forced labor dispute with Japan

    South Korea held a separate memorial ceremony in Japan on Friday to honor Korean victims of forced labor at the Sado mines during Japan's colonial rule, marking the third consecutive year that Seoul has boycotted a Japanese-organized event. The ceremony, held at 10 a.m. in Sado, Niigata Prefecture, was attended by South Korean Ambassador to Japan Lee Hyuk, other government officials and nine bereaved family members, according to Seoul's Foreign Ministry. In his commemorative address, Lee emphasi

  89. News · Asia The Korea Herald

    FM Cho heads to China for talks with Wang Yi on bilateral ties, prospects for NK-US dialogue

    Foreign Minister Cho Hyun departed for China on Friday for talks with his Chinese counterpart, Wang Yi, on bilateral relations and issues concerning the Korean Peninsula, including the possibility of renewed dialogue between Washington and Pyongyang. Cho was scheduled to hold talks with Wang later in the day, followed by a dinner hosted by the Chinese foreign minister, according to the foreign ministry. "We plan to discuss the overall state of bilateral relations, particularly issues that need t

  92. News · Asia The Korea Herald

    Lee to hold bilateral talks with Thai, Philippine leaders at ASEAN summit

    South Korean President Lee Jae Myung will hold bilateral meetings with his Thai and Philippine counterparts next week on the sidelines of a summit of the Association of Southeast Asian Nations (ASEAN), his spokesperson said Friday. Presidential spokesperson Kang Yu-jung announced Lee's planned meetings as the South Korean president is scheduled to attend the ASEAN summit in the Philippines and the Asia-Pacific Economic Cooperation (APEC) meeting in China. Lee will attend the ASEAN summit in Mani

  93. News · Asia The Korea Herald

    N. Korea changes national flag's aspect ratio for 1st time since 1948

    North Korea has revised its constitution to change its national flag's aspect ratio for the first time since its regime was established in 1948, according to the amended basic law posted on the website of Pyongyang's propaganda outlet. Article 166 of the revised constitution posted on Naenara's website stipulates that the ratio of the flag's height to its width is 1 to 1.65, replacing the previous ratio of 1 to 2. The change came as North Korean leader Kim Jong-un has sought to build his own gov

  94. News · Asia The Korea Herald

    Binance says all asset losses from N. Korea-linked cyberattack covered

    Global cryptocurrency exchange Binance said Thursday it has completed covering assets affected by a massive cyberattack blamed on North Korea, after committing more than $6.34 billion in company funds to make up for the losses. "Binance has completed coverage of assets impacted in the security incident," the company said in a statement posted on its website. The company said it used funds from its Secure Asset Fund for Users (SAFU), futures insurance fund and corporate treasury to cover the loss

  95. News · Asia The Korea Herald

    Youngone ends four-year arbitration dispute over Scott shares

    South Korean apparel manufacturer Youngone Corporation has concluded a four-year international arbitration dispute over its acquisition of shares in Swiss premium sports brand Scott Corp., securing a 96.71 percent stake and resolving uncertainty over its governance, according to an industry source on Friday. The International Chamber of Commerce arbitral tribunal issued its final award on Oct. 19, setting the final purchase prices for the acquired shares and ending a dispute that began in Septem

  96. Markets · Asia The Korea Herald

    S. Korea's rice production falls for 5th year in 2026 amid changing diets

    South Korea's rice output declined for the fifth consecutive year in 2026 amid changing dietary habits, data showed Friday, with the cultivation area also reaching a new low. Rice production decreased 0.9 percent on-year to 3.5 million tons this year, according to data compiled by the Ministry of Data and Statistics. It marked the fourth-lowest level since the government began compiling the data in 1965. The combined area of rice paddies in the country fell 1.1 percent on-year to 670,000 hectare

  97. Markets · Asia The Korea Herald

    Kia to invest $2b in India to ramp up production

    South Korean automaker Kia Corp. said Friday it plans to invest $2 billion in a second manufacturing plant in India to expand its production capacity in the growing automobile market. Kia India signed a memorandum of understanding with the government of Andhra Pradesh in southeastern India to build the plant in Anantapur, where it already operates a manufacturing facility built in 2019. The new plant, scheduled to begin production in early 2030, will have an annual capacity of 200,000 vehicles,

  98. Markets · Asia The Korea Herald

    Korea's top brokerages see combined Q3 profit plunge 80%

    South Korea's top brokerage firms saw their earnings boom cool sharply in the third quarter, as sluggish stock trading, rising market interest rates and valuation losses on investment assets weighed on their bottom lines. The combined net profit of the country's five largest brokerages — Mirae Asset Securities, Korea Investment & Securities, NH Investment & Securities, Kiwoom Securities and Samsung Securities — came to 851.2 billion won ($640 million) on a consolidated basis in the July-Septembe

  99. News · Asia The Korea Herald

    Lee's approval rating falls back below 40%

    President Lee Jae Myung's approval rating slipped back to 39 percent this week, a weekly poll showed Friday, amid negative sentiment over his real estate policies and economic concerns. The survey, conducted by Gallup Korea from Tuesday through Thursday on 1,002 people aged 18 and older, showed that positive assessments of Lee's performance fell 2 percentage points from the previous week, when the figure stood at 41 percent. Lee's approval rating has fluctuated around the 40 percent mark in rece

  100. Markets · Asia The Korea Herald

    Import prices fall again in Oct. on stronger S. Korean won, lower oil prices

    Import prices fell again in October driven by a stronger South Korean won and lower oil prices, central bank data showed Friday. The import price index dropped 1.8 percent on-month last month, reversing from a 1.9 percent gain in September, according to the preliminary data from the Bank of Korea (BOK). The index had declined for three consecutive months since June. The BOK said the on-month decline came as the Korean won strengthened against the US dollar by 1.6 percent over the one-month perio

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