Latest news
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S. Korea's exports in April 2023 declines 14.2% year-on-year
SEOUL -- South Korea's total exports have declined for seven consecutive months while domestic firms suffer from a steep fall in exports of semiconductors. The country has also experienced a trade deficit for 14 months since March 2022. Data released by South Korea's trade ministry showed said that exports this month were tallied at $49.62 billion, down 14.2 percent from the same period in 2022. Exports of semiconductors plunged 41 percent and information technology-related
May 1, 2023 -
Vietnamese envoy participates in lecture designed to encourage interpreter trainees in S. Korea
SEOUL -- At a lecture designed to encourage interpretation school students, Vietnamese Ambassador to South Korea Nguyen Vu Tung lectured that trust between humans plays a key role in interpretation even in an era in which translator devices are gaining popularity. The ambassador interacted with students majoring in Korean-Vietnamese at a graduate school in eastern Seoul. "The ambassador told students that demands for talented human interpreters will be still high as artificia
April 28, 2023 -
President Yoon pledges S. Korea would play role of 'compass for freedom' at US Congress
SEOUL -- President Yoon Suk-yeol has told members of the U.S. Congress that South Korea would play the role of "compass for freedom" along with the United States. The statement was made during a joint meeting of the U.S. Congress designed to commemorate the 70th anniversary of the two nations' alliance in Washington, DC. The keyword of Yoon's speech on April 27 was "freedom," which was mentioned a total of 45 times. Yoon said during the speech: "T
April 28, 2023 -
LG Electronics shows off good performances in home appliances and electric parts to record earnings surprise
SEOUL -- LG Electronics has recorded an earnings surprise in the first quarter of 2023, thanks to good performances in the home appliances and electric parts sectors, the company said during an earnings call. This is the first time LG Electronics' quarterly operating profit overtook Samsung Electronics' since 2009 when South Korea adopted the International Financial Reporting Standards (IFRS). The South Korean electronics maker, well known for its refrigerators and televisi
April 28, 2023 -
BTS agency to showcase collaboration project with AI voice synthesis tech startup Supertone in May
SEOUL -- During an exclusive interview with Billboard, BTS creator Bang Si-hyuk announced that he would showcase a collaboration project with Supertone, an AI voice synthesis technology startup in South Korea. The AI company earlier acquired by Hybe has provided sound technology for Disney+'s drama series "Big Bet" to reproduce the voice of Choi Min-sik, a 60-year-old veteran actor who was playing a role of a young character in his 30s. In an interview released on Apr
April 27, 2023 -
S. Korea recovers number of domestic travelers 1Q 2023 compared to pre-pandemic era: survey
SEOUL -- A survey showed that the number of South Koreans who traveled to at least one tourist spot in South Korea in the first quarter of 2023 has recovered to the level of the pre-COVID-19 pandemic period while the number of those who have traveled overseas has not reached the half of the people who traveled abroad before the pandemic in 2017, 2018, and 2019. Consumer Insight, a domestic market research firm, analyzed that overseas travelers' satisfaction rate was also low due to
April 27, 2023 -
KG Mobility selected as preferred negotiator for acquisition of domestic electric bus maker
SEOUL -- KG Mobility, formerly known as Ssangyong Motor, has set out to negotiate with Edison Motor, a domestic electric bus maker to meet an agreement in an acquisition deal. Edison Motor creates electric buses with up to 85 percent localized parts. The South Korean carmaker well-known for its lineup of sport utility vehicles (SUVs) said in a statement on April 26 that the company has been selected by a bankruptcy court in Changwon some 300 kilometers (186 miles) south of Seoul as
April 27, 2023 -
Yoon and Biden affirm strong commitment to defense of people and territories of S. Korea and US
SEOUL -- South Korean President Yoon Suk-yeol and United States President Joe Biden affirmed their strong, shared commitment to the defense of the people and territories of South Korea and the United States, through the deployment of the U.S. strategic assets including U.S. nuclear-capable platforms around the Korean peninsula as deterrence against Pyongyang's nuclear attack. Outlining the joint statement called "Washington Declaration," Yoon said during a joint press
April 27, 2023 -
Seoul launches English language-based subway application for foreign passengers
SEOUL -- To help foreigners reach their destinations without difficulties, Seoul has launched an English-language-based subway app that provides various train-related information such as a line map and direction guidance inside stations. Users can find the nearest station just by entering their destinations even if they don't know station names. The smart app notifies users if they get on the wrong train on the opposite side. The English language-based app called "Seoul Su
April 27, 2023 -
Samsung records deficit of $3.4 bln in semiconductor sector in 1Q 2023
SEOUL -- Samsung Electronics recorded a deficit of 4.58 trillion won ($3.4 billion) in the semiconductor sector for the first quarter of 2023. While profitability improved in the smartphone and home appliance sectors, overall operating profit decreased by more than 90 percent compared to the same period last year. Samsung Electronics said on April 27 that the company recorded sales of 63.75 trillion won and operating profit of 640 billion won based on consolidated results for the f
April 27, 2023
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HYBE takes legal action against NewJeans agency CEO amid management control feud
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Korea reports world's first demonstration of integrated operation of urban air mobility systems
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SNU professor to spearhead Korea's inaugural space agency
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HD Hyundai establishes new headquarters for marine energy businesses
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Video streaming services in Korea sharply raise subscription fees
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Korea launches first nanosatellite in New Zealand
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Pinkfong creates Baby Shark-themed musicals to captivate global fans
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LG Electronics, Kakao Mobility collaborate on delivery robot service
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Analysts predict poor earnings for major Korean game publishers in first quarter
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Carmakers, tech firms gather in Seoul for premier industry show