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News
Hyundai, Kia Donate Patrol EVs to Chile's 'Korea Street"
1+ mon, 1+ week ago (121+ words) Ioniq 5 and EV5 Delivered "Strengthening Ties Between Home-Country Firms and Overseas Korean Communities" Hyundai Motor (005380.KS) and Kia (000270.KS) have donated patrol electric vehicles to the Korean Association of Chile. Original reporting by Sim Ki-moon for Seoul Economic Daily. Watch · Seoul…...
Yoo Rae-hyuk's 'Aquarium' Tops Chart in Summer Comeback
1+ mon, 1+ week ago (97+ words) Original reporting by Lee Jae-yong, Senior Reporter for Seoul Economic Daily. Watch · Seoul Economic Daily ◆ SIGNAL English Edition 50% intro rate at launch An English ontology of the Korean market — how companies, the media, the government and the National Assembly move…...
Breaking News: Acting Prosecutor General Koo Ja-hyun Resigns Over Criminal Procedure Act Revision
1+ mon, 1+ week ago (169+ words) Koo Ja-hyun, the acting prosecutor general, resigned, saying he felt "heartbroken and at a loss" over the passage of the revised Criminal Procedure Act. Original reporting by Park Ho-hyun for Seoul Economic Daily. Watch · Seoul Economic Daily ◆ SIGNAL English Edition…...
Won Plunges to 1,410s on Korea-U.S.-Japan Intervention Speculation
1+ mon, 1+ week ago (198+ words) Yen Also Surges on U.S. Support Reports Korea Says "Coordination via Three-Way Hotline" Adding Weight to Market's Joint Intervention Interpretation In the Seoul foreign exchange market that day, the won-dollar exchange rate stood at 1,424 won as of 3:30 p.m., down 13.4 won from the…...
Korean Banks Court Young Customers as Debit Cards Open to Age 7
1+ mon, 1+ week ago (343+ words) The Era of Debit Cards for 7-Year-Olds Banks Race to Win Child Customers 45% Discount at Lotte World Preferential Rates of 1.9% Per Year and More A Variety of Events Unveiled Starting this year, children aged 7 and older can obtain debit cards…...
LG Chem Q2 Operating Profit Rises 25% on Petrochemicals, Advanced Materials
1+ mon, 1+ week ago (396+ words) Operating Profit Reaches 599.6 Billion Won; Revenue Up 19% to 14 Trillion Won "Petrochemical Business Restructuring Targets Final Approval Within the Year" LG Chem (051910.KS) said on the 31st that its second-quarter operating profit rose 25.8% from a year earlier to 599.6 billion won, supported by…...
Korea Offers Special Foreigner-Only Templestay for 30,000 Won a Night
1+ mon, 1+ week ago (541+ words) A "Special Templestay for Foreigners," offering a firsthand experience of Korea's traditional Buddhist culture, will run for a limited time. The Cultural Corps of Korean Buddhism said on the 31st that it will operate the "Special Templestay for Foreigners" at 19 temples…...
Coupang Ordered to Pay 100,000 Won Each Over 37.5 Million Data Breach
1+ mon, 1+ week ago (613+ words) The Consumer Dispute Settlement Commission has ruled that Coupang must pay 100,000 won in cash or 100,000 won in Coupang Cash in a collective dispute mediation case stemming from last year's massive leak of personal information at the company. The commission said…...
Korea's 'Rural Basic Income' Pilot Drives Population Inflow
1+ mon, 1+ week ago (460+ words) A "rural basic income" pilot program, introduced to prevent the decline of farming and fishing communities and revive local economies, is now reaping the benefits of population inflow. Nationwide domestic migration rose to the 480,000 level last month, the highest in…...
Korea's Q2 Forex Trading Hits Record High on Foreign Securities Inflows
1+ mon, 1+ week ago (188+ words) The average daily trading volume in Korea's foreign exchange market reached a record high, driven by expanded foreign securities investment. By product, spot exchange transactions reached $54.11 billion, up 27.7% from the previous quarter, leading the overall increase in trading. Forex derivatives…...