Latest News
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[COLUMN] Let's ask fortune-tellers if it is time for a Korean War peace treaty
SEOUL -- Next week marks the 70th anniversary of the armistice when the guns of war fell silent across the 38th parallel. Imagine if you were here at that time, wondering what to do with your life, and that you went to a fortune-teller for advice. “It’s only a ceasefire,” the lady might have said. “Don’t buy property in Seoul until there&
21 July 2023
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Average age of S. Korean workers predicted to reach 53.7 by 2050: report
SEOUL -- Recent data released by South Korea's major business organization predicted that the average age of employees in the country would become 53.7 by 2050 due to population aging and a low fertility rate. According to the report, the average age of workers in the member countries of the Organization for Economic Cooperation and Development would be 43.8 in 2050. South Korea is experiencing a significant aging phenomenon, with about 30 percent of its population expected to be a
21 July 2023
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S. Korea to host special exhibition to promote smart city construction project in Saudi Arabia
SEOUL -- In a bit to promote a mega smart city construction project in Saudi Arabia, South Korea's transport ministry will host an exhibition at the Dongdaemun Digital Plaza (DDP), a design and arts center located in the heart of Seoul. Many South Korean companies showed their sincere interest in building NEOM, a smart city powered by renewable energy on the coast of the Red Sea. A smart city is a city platform that interconnects city infrastructure including facilities and devices
20 July 2023
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S. Korea to establish five base hospitals for childhood cancer treatment
SEOUL -- South Korea will establish five base hospitals in five provinces to help young patients suffering from childhood cancer receive treatment without having to visit large hospitals in Seoul. Childhood cancer including leukemia requires patients to receive intensive treatment for one or two years. Most of South Korea's hospitals that specialize in childhood cancer are concentrated in Seoul and its satellite cities, making it hard for children living in other provinces to con
20 July 2023
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Avikus to provide self-sailing solution for water taxis in southern port city
SEOUL -- Avikus, a South Korean self-sailing solution developer affiliated with Hyundai shipbuilding group, partnered with Korea Composite, a domestic marine leisure product manufacturer, to develop autonomous water taxis. Starting in 2025, Korea Composite will operate a total of four self-sailing taxis in South Korea's southern port city of Busan. In February 2023, HD Hyundai unveiled its plan to commercialize Avikus' autonomous boat solution called "NeuBoat" in the
20 July 2023
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Online fashion platform Musinsa attracts $157.8 mln through Series C funding led by KKR
SEOUL -- Musinsa, a popular South Korean online fashion platform, has attracted more than 200 billion won ($157.8 million) through Series C round funding led by American investment company Kohlberg Kravis Roberts & Co. with participation from Wellington Management, an American private independent investment management firm. Musinsa made a foray into South Korea's fashion industry in 2003 as a small online fashion community. The startup company opened an online shopping mall i
20 July 2023
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NewJeans' Super Shy ranks 66th on Billboard's top 100 popular song chart
SEOUL -- "Super Shy," a summer-themed song by K-pop super rookie band NewJeans, ranked 66th on Billboard's top 100 popular song chart. Super Shy became the girl band's third song that entered the Billboard chart, followed by OMG and Ditto. Billboard's chart released on July 18 showed that the new summer-themed song, released on July 7, debuted at No. 66 on Hot100, a weekly song chart that ranks the top 100 popular songs. As of July 20, the music video of Super Shy
20 July 2023
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S. Korea to inject $22.7 mln for establishment of 'digitally-collaborative' factories
SEOUL -- As part of the country's big push towards the acceleration of the digital transformation of industries, South Korea will inject 28.8 billion won ($22.7 million) to build six "digitally-collaborative" factories in manufacturing sectors such as shipbuilding, carmaking, and machinery by 2025. The smart factories will connect a factory to various bodies including their clients and management to set up a two-way communication system that will optimize the operation and re
20 July 2023