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Saturday, October 5, 2024

KOREA

Finance minister visits SK hynix plant

Finance Minister Choo Kyung-ho, center, visits SK hynix's chip manufacturing facility in Icheon on Wednesday.

Young Koreans abandon outdated ancestral rituals for simple gatherings

Charye, a centerpiece Korean ancestral ritual that involves putting up to 30 dishes of food out for ancestors, is fading away as young Koreans...

U.S. soldier heads home after being expelled from North Korea

The U.S. government announced on Wednesday that it had secured the custody of U.S. soldier Private 2nd Class Travis King, who had been expelled...

Korean battery makers on alert as Ford pauses CATL plant

Korean battery makers are on the alert after Ford Motor’s recent decision to temporarily pause its Michigan battery plant with Contemporary Amperex Technology (CATL), which may help...

Won plummets as investors flock to safe-haven dollar

  The value of the won continues to plummet as investors flock to the dollar as a safe haven currency amid lingering market uncertainties. Korea’s local...

Arrest warrant denial of DP’s Lee sparks controversy

The court’s decision Wednesday to deny the prosecutors’ arrest warrant against Democratic Party (DP) leader Lee Jae-myung is stirring up controversy. The prosecutors’ office strongly...

North Korea to expel U.S. soldier Travis King

The Korean Central News Agency (KCNA) reported on Wednesday that U.S. military soldier Travis King, who had "illegally entered" North Korea, is to be...

Korean Gov’t looks to boost housing supply with more units, $14.8B investment

The government on Tuesday vowed to supply an additional 120,000 public units and raise finance programs for the housing market by 20 trillion won...

SKC to invest $70 million in smart glass company Halio

SKC will invest $70 million in Halio, a California-based electrochromic glass solution provider, to strengthen its environmentally friendly materials business. The Korean company on Tuesday held a...

Korea wants trilateral summit with China, Japan by year’s end

Korea wants to host a trilateral summit with China and Japan before the end of this year, a high-ranking Foreign Ministry official in Seoul...