South Korean shares experienced a significant rally on Thursday, with the Korea Composite Stock Price Index (KOSPI) climbing 2.41 percent to reach a nearly two-year high. Investor optimism was fueled by expectations of forthcoming U.S. interest rate c...
President Yoon Appoints Joo Ki-hwan as Special Adviser on Livelihood Issues
President Yoon Suk Yeol appointed Joo Ki-hwan as his special adviser for people's livelihood issues, the presidential office announced on Thursday. According to Yonhap News Agency, Joo a former prosecutor and politician with close ties to President...
Mercedes-Benz Korea’s CEO Prioritizes Brand Experience Over Sales Rankings
SEOUL: Despite losing its top spot in South Korea's imported car market to BMW, Mercedes-Benz Korea's CEO, Mathias Vaitl, remains focused on enhancing customer brand experience rather than reclaiming the sales crown. In his first media interview since...
Police Officer Arrested for Leaking Information on Drug Probe Involving Actor Lee Sun-kyun
INCHON: A police officer from the Incheon Metropolitan Police Agency was arrested on Thursday under suspicion of leaking confidential details about a drug investigation concerning the late actor Lee Sun-kyun. According to Yonhap News Agency, this a...
Samsung Display to Issue First-Ever Dividends, Benefiting Parent Company
Samsung Display Co. announced that it will distribute dividends for the first time since its inception in 2012, directing approximately 5.6 trillion won ($4.2 billion) to its parent company, Samsung Electronics Co. The decision, made during a sharehol...
Korean Air Announces $13.7 Billion Purchase of Airbus A350 Jets
Korean Air Co., the leading flag carrier of South Korea, revealed plans on Thursday to acquire 33 Airbus A350 aircraft in a deal valued at $13.7 billion. The purchase, including 27 A350-1000s and six A350-900s, is part of the airline's strategy to upd...
South Korean Health Ministry to Begin Suspending Medical Licenses of Striking Trainee Doctors
The South Korean Ministry of Health announced on Thursday its intention to start suspending the medical licenses of trainee doctors defying a government order to return to work, amid a dispute over increasing medical school admissions. The government'...
South Korean Ambassador to Australia Returns Amid Investigation
Ambassador Lee Jong-sup returned to South Korea Thursday, amid controversy over his appointment and subsequent departure for Australia while under investigation for his alleged involvement in a military probe. The former defense minister, accused of i...