South Korea

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 2020-09-27 16:07 

Korea Herald

Big Hit's IPO price set at 135,000 won...

The offering price of shares of Big Hit Entertainement, a local agency behind K-pop sensation BTS, was fixed at 135,000 won ($115.04) per share, the top end of its indicative price range, the company said in a regulatory filing Monday. At the two-da...

 2020-09-27 16:04 

Korea Herald

Moon expresses condolences over death of S. Korean official in shooting by N. Korean troops...

President Moon Jae-in expressed his condolences Monday and offered a public apology over the death of a South Korean civil servant in a shooting by North Korean troops, calling it a "regrettable and unfortunate" incident. "Regardless...

 2020-09-27 16:04 

Korea Herald

'New Deal' fund to invest in 40 green, digital areas: minister...

A planned 20 trillion-won ($16.8 billion) fund tied to Korean New Deal projects would funnel money into 197 items under 40 different green and digital areas, South Korea's finance minister said Monday. The fund -- which will be financed over...

 2020-09-27 16:03 

Korea Herald

Hanwha heir to lead group's solar power unit...

Kim Dong-kwan, Hanwha Group Chairman Kim Seung-youn's eldest son, was promoted to president of Hanwha Solutions, a year after he was promoted to vice president, the group said Monday. "Kim, who was in charge of the strategy division wit...

 2020-09-27 16:03 

Korea Herald

KBS Orchestra to bring LoL music out of screen and onto stage...

Music from the hit online video game League of Legends will be brought to life by an orchestra here. "League of Legends Live: The Orchestra" will be held at the Sejong Center of Performing Arts in Gwanghwamun, central Seoul, Nov. 27-28....

 2020-09-27 15:58 

KBS World

S. Korean Envoy to Discuss "War-Ending Declaration" with US Officials...

[Politics] : South Korea's top nuclear envoy is now in Washington, seeking ways to mediate between the U.S. and North Korea and revive their stalled dialogue.Arriving at Dulles International Airport in Washington on Sunday, Lee Do-hoon, special repres...

 2020-09-27 15:57 

Korea Herald

'Samjin Company English Class' brings back '90s vibe...

It was the '90s vibe that director Lee Jong-pil was after in his upcoming film "Samjin Company English Class," which captures the mood of the country when it was on the cusp of globalization. The viewers are first introduced to thr...

 2020-09-27 15:49 

Korea Herald

CheongKwanJang launches ginseng cosmetics Donginbi in US Amazon...

CheongKwanJang said Monday it officially launched its premium ginseng cosmetics brand Donginbi on Amazon in the United States. Opening its own brand shop on the world's biggest ecommerce platform, CheongKwanJang said it will expand its busine...

 2020-09-27 15:48 

Korea Herald

No tomato in burgers? Typhoon damages cause tomato supply shortage...

Retailers are suffering from a tomato supply shortage, after farmland was damaged by the record-long summer monsoon season and a number of typhoons that hit the country this summer, according to the food industry on Monday. Local burger chain Lotte...

 2020-09-27 15:46 

Korea Herald

Kakao Pay eyes IPO next year...

After the successful market debut of its online game unit earlier this month, South Korean mobile messenger giant Kakao is gearing up for another initial public offering next year, this time with its payment services unit, industry sources said Monda...

 2020-09-27 15:43 

KBS World

Special Quarantine Period Begins ahead of Chuseok Holiday...

[Domestic] : Anchor: A special two-week quarantine period has been launched in time for Chuseok this week. Most of the rules under Level Two social distancing will remain in place, while some measures have been adjusted, depending on the risk of infection...

 2020-09-27 15:34 

Korea Herald

Celltrion trio gains on merger scheme...

Stocks of biotechnology firm Celltrion and its subsidiaries -- Celltrion Healthcare and Celltrion Pharm -- often called the "Celltrion trio," extended gains Monday after they announced a merger plan late last week. Celltrion Pharm, which...

 2020-09-27 15:24 

Korea Herald

SC Bank Korea partners Toss to launch short-term personal loan...

Standard Chartered Bank Korea said Monday it has partnered with Toss -- a financial services app operated by Viva Republica -- to launch a short-term lending program on Wednesday. Under the partnership, SC Bank Korea outsources credit evaluati...

 2020-09-27 15:19 

Korea Herald

Tours to inter-Korean border village of Panmunjom to resume soon: UN command...

The US-led United Nations Command said Monday it has authorized the resumption of a civilian tour program to the inter-Korean border village of Panmunjom amid eased concern over the African swine fever, and the date of the resumption will be announce...

 2020-09-27 15:05 

Korea Herald

Antitrust watchdog drafts law to regulate online platforms...

South Korea's antitrust watchdog said Monday that it has drafted a bill to regulate dominant online platform operators as unfair trade has become a reality in the sector amid the surge in digital transactions caused by the pandemic. The propo...

 2020-09-27 14:41 

Korea Herald

Seoul, Washington to discuss killing of civilian by NK, formal end to Korean War...

South Korea's top nuclear envoy, Lee Do-hoon, arrived in Washington on Sunday (US time) for talks with US officials, saying he plans to discuss the recent killing of a South Korean official by North Korea and the proposed declaration of a forma...

 2020-09-27 14:40 

The Chosun Ilbo

Why Is the Gov't So Eager to Defend Kim Jong-un?...

North Korea on Sunday warned South Korea to stay away from its territorial waters as the South searches for the missing body of a Korean official who was slaughtered by the North after he had been adrift in the West Sea. The North was not even referring t...

 2020-09-27 14:39 

Korea Herald

Chuseok celebration events canceled nationwide due to coronavirus fears...

Various folk events and festivals annually hosted by local governments on the eve of Chuseok, the Korean equivalent of Thanksgiving, can hardly be seen this year, as they are now campaigning against small and large gatherings due to fears of coronavi...

 2020-09-27 14:37 

KBS World

Gov't Reiterates Zero Tolerance Warning against Oct. 3 Rallies...

[Domestic] : South Korea reiterated its warning of zero tolerance against those who participate in anti-government rallies in central Seoul this weekend, in violation of the government's quarantine regulations.According to the National Police Agency o...

 2020-09-27 14:30 

Korea Herald

Insurers' lending rises 1% in Q2...

Loans extended by South Korean insurance companies rose 1 percent in the second quarter from a quarter earlier, the financial regulator said Monday. Insurers' outstanding loans totaled 240.9 trillion won ($205 billion) as of the end of June, up 2.5...

 2020-09-27 14:30 

Korea Herald

Consumer financing firms' H1 net up 22% on decreased provisions...

Consumer financing firms in South Korea saw their combined net profit rise 22.2 percent on-year in the first half of the year due to a sharp decline in loan-loss provisions, data showed Monday. The combined net profit of 110 credit-specialized finan...

 2020-09-27 14:30 

The Chosun Ilbo

High-Risk Groups Face Double Threat of Flu, Coronavirus...

This year's free flu vaccination program hit a snag when it was found on Sept. 22 that 5.78 million doses of flu vaccines were exposed to room temperature. By then some 400 people had already been vaccinated, causing concerns for any side effects, alt...

 2020-09-27 14:29 

The Chosun Ilbo

Coronavirus Deaths Surpass 400 in Korea...

The number of deaths linked to coronavirus in Korea surpassed 400 on Sunday, a low figure in international comparison but an escalating curve nonetheless. The Korea Disease Control and Prevention Agency on Sunday said the death toll reached 401. Five more...

 2020-09-27 14:28 

Korea Herald

Internet banking transactions at new record high in H1...

South Korea's internet banking services continued to grow in the first half, with the number of users and daily transactions rising to new highs, central bank data showed Monday. The number of internet banking, including mobile banking, came to 164....

 2020-09-27 14:19 

Korea Herald

Temporary ban sees short selling shrink over 95%: lawmaker...

A ban on short selling shares on Korean bourses for most investors curtailed the practice by nearly 97 percent, data showed Monday. Institutional investors in South Korean stock market short sold 20.4 billion won ($17.4 million) worth of stocks a da...

 2020-09-27 14:13 

KBS World

Search Continues for Official Killed by N. Korea near Border Island...

[Domestic] : Search and recovery for the remains of a South Korean official who was shot and killed by North Korean troops near a western border island last week continues for the eighth day.According to the Korea Coast Guard on Monday, a search operation...

 2020-09-27 14:09 

Korea Herald

S. Korea faced with rapidly population aging...

South Korea's population is rapidly aging as people aged 65 or older account for nearly 16 percent of its population, government data showed Monday. South Koreans in the age group stood at 8.13 million this year, or 15.7 percent of the country's p...

 2020-09-27 13:53 

KBS World

PM Chung Calls for Prompt Inter-Korean Probe into Shooting Death...

[Inter-Korea] : Prime Minister Chung Sye-kyun called for the speedy initiation of an inter-Korean investigation into the recent shooting death of a South Korean official by North Korean troops.During a local radio interview on Monday, Chung said the truth...

 2020-09-27 12:56 

Korea Herald

Only takeout allowed at highway rest stops during Chuseok...

Highway rest stops will only serve takeaway customers starting Tuesday under special measures imposed to curb the spread of the coronavirus during the Chuseok holidays. The Korea Expressway Corp. said Monday that all of its highway rest areas would...

 2020-09-27 12:37 

Korea Herald

Creditor invites preliminary bidders for Hanjin Heavy...

Cash-squeezed Hanjin Heavy Industries & Construction Co. said Monday its main creditor Korea Development Bank (KDB) has invited preliminary bidders in order to sell its controlling stake in the shipyard. KDB plans to finalize the preliminary bi...

 2020-09-27 12:32 

Korea Herald

Local streaming service provider Wavve tops 10m in subscribers...

The number of subscribers of the local video streaming service giant Wavve has topped 10 million on rising demand for a wide variety of content, the company said Monday. Wavve was launched last year by South Korea's top mobile carrier, SK Telecom Co...

 2020-09-27 12:26 

KBS World

Expressway Rest Stop Restaurants to Offer Take-out Only from Tues....

[Domestic] : Starting from Tuesday, people will only be allowed to order take-out at expressway rest stops to prevent the spread of COVID-19. The Korea Expressway Corporation said Monday that for six days including the five-day Chuseok holiday through Sun...

 2020-09-27 12:23 

Korea Herald

N. Korea unresponsive to S. Korea's call for reopening military hotline...

An inter-Korean military communication line remained inoperative as of Monday morning, the defense ministry said, a day after South Korea called for reopening the line for communication related to a proposed joint probe into North Korea's killing of...

 2020-09-27 12:22 

The Chosun Ilbo

N.Korea Warns S.Korea to Stay away in Search for Dead Official...

North Korea on Sunday warned South Korea not to cross into its territorial waters in the search for the body of an official who was murdered and possibly incinerated by North Korean troops while adrift on the West Sea. "We will never overlook any intr...

 2020-09-27 12:20 

Korea Herald

Nearly 1m to travel by air during Chuseok despite govt. advisory...

Nearly 1 million people are expected to travel by air during the Chuseok fall harvest holiday despite the government's advisory asking people to remain at home to help contain the spread of COVID-19, transportation authorities said Monday. The Korea...

 2020-09-27 12:17 

The Chosun Ilbo

Most Workers Refrain from Seeking Shorter Working Hours...

Workers in seven out of 10 big businesses are refraining from exercising a new right to reduce their working hours. Under new regulations that came in earlier this year, workers can opt to work fewer than the maximum 52 hours per week citing childcare, ac...

 2020-09-27 12:14 

Korea Herald

Biz sentiment for Oct. still remains weak on virus impact: survey...

Business sentiment in South Korea remains weak for October due mainly to the new coronavirus' impact on major industries, a local think tank said Monday. The business survey index of the country's top 600 companies by sales came to 84.6 for Octobe...

 2020-09-27 12:13 

The Chosun Ilbo

S.Korea Calls for Investigation of Official's Killing...

President Moon Jae-in on Sunday said he views "positively" North Korean leader Kim Jong-un's "swift" apology for the killing at sea of a South Korean official. Speaking in an emergency meeting at Cheong Wa, Moon also called for further...

 2020-09-27 12:09 

KBS World

US Proposes Rule to Set Fixed Term of 4 Years for Student Visas...

[International] : The U.S. government has revealed a proposal to set fixed terms of up to four years for student visas. According to U.S. media, the Department of Homeland Security announced last Thursday a proposed rule to remove the duration of status f...

 2020-09-27 12:07 

Korea Herald

[Newsmaker] NY Times: Trump paid $750 in US income taxes in 2016, 2017...

President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report Sunday in The New York Times. Trump, who has fiercely guarded his tax filings and is the only...

 2020-09-27 12:07 

The Chosun Ilbo

Most People Want Cash as Chuseok Gift...

More Koreans would prefer cash gifts this Chuseok holiday, a straw poll suggests.According to the poll of about 700 customers by online shopping mall TMON, the most popular gift people want to give is premium Korean beef with 28.5 percent. Next came healt...

 2020-09-27 12:00 

Korea Herald

[Monitor] Coronavirus resurgence drives down consumer confidence...

Consumer sentiment in South Korea has shrunk for four months, as the government strengthened rules on social distancing amid the second wave of coronavirus infections. According to a survey released by the Bank of Korea, the consumer sentiment...

 2020-09-27 11:55 

Korea Herald

Top mobile payment tool Kakao Pay eyes IPO next year...

South Korea's No. 1 mobile payment service provider, Kakao Pay, is pushing for an initial public offering during the first half of next year, industry sources said Monday. To that end, Kakao Pay has recently chosen local brokerage KB Securities as t...

 2020-09-27 11:54 

Korea Herald

Seoul city to run public transport until 2 a.m. during Chuseok holiday...

The operation time of public transport in the capital will be extended to 2 a.m. later this week, the Seoul city government said Monday, a measure to enhance the safety of its citizens returning from their hometowns in other parts of the country duri...

 2020-09-27 11:54 

KBS World

New Report Finds S. Korea's Competitiveness in Transport Services Plunged...

[Economy] : South Korea's competitiveness in transport services saw a sharp decline in the past ten years due to a nearly 70-percent drop in the export of shipping services.The assessment came in a report released on Monday by the Institute for Intern...

 2020-09-27 11:50 

Korea Herald

Kia's local plant unfazed by 3 new cases...

Kia Motors Corp. said Monday most of its domestic plants are in operation as three new coronavirus cases reported Sunday were not related to assembly line workers. Kia said Sunday three assembly line workers in the Sohari plant in Gwangm...

 2020-09-27 11:46 

The Chosun Ilbo

Bangtan Boys' New Single Garners 400 Million Views on YouTube...

The music video for "Dynamite," the latest single by boy band Bangtan Boys, also known as BTS, racked up over 400 million views on YouTube as of Sept. 25.It reached the milestone in about a month following its release on Aug. 21, the shortest peri...

 2020-09-27 11:46 

The Chosun Ilbo

Singer Jun Jin Ties Knot With Flight Attendant...

Jun Jin of boy band Shinhwa tied the knot in a private wedding with only family members and close friends in attendance in Seoul on Sunday.His bride is a flight attendant who is three years younger than him. Earlier in May, Jun Jin disclosed his love life...

 2020-09-27 11:41 

Korea Herald

Rangers' Choo Shin-soo bunts for single in final at-bat of 2020...

If indeed this was his final at-bat for the Texas Rangers, South Korean veteran Choo Shin-soo has gone out in the only way he knows how: playing hard. With his family watching from the stands, Choo came off the injured list and put a bunt down for a...

 2020-09-27 11:39 

Korea Herald

Moon names new Cheong Wa Dae secretary for personnel affairs...

President Moon Jae-in has picked his new secretary for personnel affairs, Cheong Wa Dae said Monday, amid media reports that he is expected to carry out another Cabinet reshuffle within this year. Yoon Ji-hoon, deputy secretary for personnel affair...

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