German Chancellor Friedrich Merz will make an official visit to South Korea next week for a summit with President Lee Jae Myung, Lee's office said Friday. Merz is scheduled to visit Seoul next Thursday and Friday, marking his first visit to South Korea since taking office and the first bilateral visit by a German chancellor to the country in three years, presidential spokesperson Kang Yu-jung said in a written briefing. Lee and Merz are scheduled to hold a summit Thursday, followed by a joint press statement and an official dinner, she added. The summit will come about four months after their previous meeting on the sidelines of the Group of Seven (G7) summit in France in June. It will be their third meeting since Merz took office, Kang said. Merz will also attend the 19th Asia-Pacific Conference of German Business in Seoul. During the upcoming talks, the leaders will hold in-depth discussions on economic cooperation; future industries, such as batteries, semiconductors and artificial intelligence (AI); defense and the arms industry, as well as regional and international issues. "Germany i
German Chancellor Friedrich Merz will make an official visit to South Korea next week for a summit with President Lee Jae Myung, Lee's office said Friday. Merz is scheduled to visit Seoul next Thursday and Friday, marking his first visit to South Korea since taking office and the first bilateral visit by a German chancellor to the country in three years, presidential spokesperson Kang Yu-jung said in a written briefing. Lee and Merz are scheduled to hold a summit Thursday, followed by a joint press statement and an official dinner, she added. The summit will come about four months after their previous meeting on the sidelines of the Group of Seven (G7) summit in France in June. It will be their third meeting since Merz took office, Kang said. Merz will also attend the 19th Asia-Pacific Conference of German Business in Seoul. During the upcoming talks, the leaders will hold in-depth discussions on economic cooperation; future industries, such as batteries, semiconductors and artificial intelligence (AI); defense and the arms industry, as well as regional and international issues. "Germany i
South Korea has donated eight decommissioned military helicopters to Kenya after an overhaul, delivering on its pledge to support the U.N. peacekeeping missions in the region, officials said Friday. A ceremony marking the donation of the eight MD 500 Defenders was held at the Kenya Army Corps of Aviation in Nairobi on Friday (local time), according to the defense ministry. The move comes as South Korea pledged to provide choppers to the U.N. peacekeeping operations across Africa during the U.N. peacekeeping ministerial meeting held in Seoul in 2021. The United States vowed to conduct maintenance work on the helicopters and help transport them to the East African country. Since late 2023, eight MD 500 Defenders have been transported to the U.S., where they underwent maintenance and repair work for about two years. The upgraded choppers arrived in Kenya last month, pending deployment after successfully completing all flight tests, according to officials. The defense ministry plans to continue to expand its contributions to U.N. peacekeeping missions. Friday's event was attended by some 200 p
South Korea has donated eight decommissioned military helicopters to Kenya after an overhaul, delivering on its pledge to support the U.N. peacekeeping missions in the region, officials said Friday. A ceremony marking the donation of the eight MD 500 Defenders was held at the Kenya Army Corps of Aviation in Nairobi on Friday (local time), according to the defense ministry. The move comes as South Korea pledged to provide choppers to the U.N. peacekeeping operations across Africa during the U.N. peacekeeping ministerial meeting held in Seoul in 2021. The United States vowed to conduct maintenance work on the helicopters and help transport them to the East African country. Since late 2023, eight MD 500 Defenders have been transported to the U.S., where they underwent maintenance and repair work for about two years. The upgraded choppers arrived in Kenya last month, pending deployment after successfully completing all flight tests, according to officials. The defense ministry plans to continue to expand its contributions to U.N. peacekeeping missions. Friday's event was attended by some 200 p
The spy agency on Friday reported to a parliamentary committee that recent unverified rumors circulating social media claiming North Korean leader Kim Jong-un might have died are false, sources said. The National Intelligence Service (NIS) delivered the assessment during a closed-door meeting with ruling and opposition lawmakers on the National Assembly's Intelligence Committee, according to sources who attended the meeting. The rumors, which claimed Kim had suffered a severe brain hemorrhage, fallen into a coma and died, have spread widely on overseas social media and been picked up by several foreign media outlets earlier this week. No evidence has been provided to substantiate the claims. North Korean state media have not directly addressed the speculation but reported Tuesday that Kim visited a garment and footwear exhibition in Pyongyang a day earlier. Photos released by the state media showed him touring the exhibition with his daughter Ju-ae. During the briefing to the committee late last month, the NIS said Kim, who weighs more than 140 kilograms, was at high risk of cardiovascul
The spy agency on Friday reported to a parliamentary committee that recent unverified rumors circulating social media claiming North Korean leader Kim Jong-un might have died are false, sources said. The National Intelligence Service (NIS) delivered the assessment during a closed-door meeting with ruling and opposition lawmakers on the National Assembly's Intelligence Committee, according to sources who attended the meeting. The rumors, which claimed Kim had suffered a severe brain hemorrhage, fallen into a coma and died, have spread widely on overseas social media and been picked up by several foreign media outlets earlier this week. No evidence has been provided to substantiate the claims. North Korean state media have not directly addressed the speculation but reported Tuesday that Kim visited a garment and footwear exhibition in Pyongyang a day earlier. Photos released by the state media showed him touring the exhibition with his daughter Ju-ae. During the briefing to the committee late last month, the NIS said Kim, who weighs more than 140 kilograms, was at high risk of cardiovascul
Hyundai Engineering & Construction (E&C) and three other local builders are at risk of losing more than 1 trillion won ($755 million) tied up in a major Iraqi refinery project, according to documents obtained by a ruling party lawmaker Friday. Hyundai E&C, GS Engineering & Construction, SK ecoplant and Hyundai Engineering have yet to collect 625.4 billion won in outstanding payments and are facing the possible forfeiture of another 420.2 billion won in performance guarantees. The builders have been seeking payment for work on the $6.8 billion Karbala Refinery Project, commissioned by Iraq's state-owned State Company for Oil Projects (SCOP). Company materials provided to Rep. Lee Jae-gang of the ruling Democratic Party of Korea showed the construction of a refinery capable of processing 140,000 barrels of crude oil per day was delayed by factors including Iraq’s internal conflict and the COVID-19 pandemic. The companies handed over the refinery's facilities to the Iraqi side in December 2023. However, SCOP has withheld payments, citing outstanding defects and missing tax-related docume
Hyundai Engineering & Construction (E&C) and three other local builders are at risk of losing more than 1 trillion won ($755 million) tied up in a major Iraqi refinery project, according to documents obtained by a ruling party lawmaker Friday. Hyundai E&C, GS Engineering & Construction, SK ecoplant and Hyundai Engineering have yet to collect 625.4 billion won in outstanding payments and are facing the possible forfeiture of another 420.2 billion won in performance guarantees. The builders have been seeking payment for work on the $6.8 billion Karbala Refinery Project, commissioned by Iraq's state-owned State Company for Oil Projects (SCOP). Company materials provided to Rep. Lee Jae-gang of the ruling Democratic Party of Korea showed the construction of a refinery capable of processing 140,000 barrels of crude oil per day was delayed by factors including Iraq’s internal conflict and the COVID-19 pandemic. The companies handed over the refinery's facilities to the Iraqi side in December 2023. However, SCOP has withheld payments, citing outstanding defects and missing tax-related docume
Busan is emerging as a next-generation coastal destination in Asia as international interest in the Korean city grows, according to a recent foreign media report. The development of the Busan Lotte Tower and the Busan Opera House near the city's North Port is expected to further boost its appeal as a tourist destination. CNN highlighted the city's transformation in a travel article published Thursday titled "How the world's largest port city is becoming Asia's next coastal destination." "Busan, Korea's second-largest city, has been making big changes to establish itself as a destination in its own right, rather than simply a place to visit alongside other travel destinations," CNN said. The report stressed that Busan is not simply a "miniature version" of Seoul. "If Seoul is New York, Busan is Los Angeles," CNN said, describing the city as "younger, cooler and less stressful." CNN also pointed to Busan's transformation from a "world's largest port city" into a "design-driven city." A prime example is the Busan Lotte Tower, which is being built on the site of the former Busan City Hall, abo
Busan is emerging as a next-generation coastal destination in Asia as international interest in the Korean city grows, according to a recent foreign media report. The development of the Busan Lotte Tower and the Busan Opera House near the city's North Port is expected to further boost its appeal as a tourist destination. CNN highlighted the city's transformation in a travel article published Thursday titled "How the world's largest port city is becoming Asia's next coastal destination." "Busan, Korea's second-largest city, has been making big changes to establish itself as a destination in its own right, rather than simply a place to visit alongside other travel destinations," CNN said. The report stressed that Busan is not simply a "miniature version" of Seoul. "If Seoul is New York, Busan is Los Angeles," CNN said, describing the city as "younger, cooler and less stressful." CNN also pointed to Busan's transformation from a "world's largest port city" into a "design-driven city." A prime example is the Busan Lotte Tower, which is being built on the site of the former Busan City Hall, abo
TOKYO — Asian Football Confederation head Sheikh Salman bin Ibrahim Al-Khalifa endorsed Gianni Infantino's bid for reelection as FIFA president on Friday, just two months after describing his plan to sell a stake in FIFA tournaments as a "breach of trust". Infantino faced calls to resign over his failed attempt in July to bring private investors into a new commercial entity holding rights linked to competitions including the World Cup, with Sheikh Salman joining the presidents of UEFA and CONCACAF to pen an open letter criticizing the FIFA president's conduct. Infantino, who apologized over the handling of the FIFA Forward Enterprise (FFE) project at a FIFA Council meeting in Zurich this month, is up for reelection in March next year and the support of the Asian bloc could prove crucial. Speaking at the AFC's extraordinary congress in Tokyo on Friday, Sheikh Salman said he had ironed out his differences with Infantino. "I think that we reaffirm our full commitment, of course, to supporting you and your leadership as you seek a new mandate as a FIFA president," he said in comments direc
TOKYO — Asian Football Confederation head Sheikh Salman bin Ibrahim Al-Khalifa endorsed Gianni Infantino's bid for reelection as FIFA president on Friday, just two months after describing his plan to sell a stake in FIFA tournaments as a "breach of trust". Infantino faced calls to resign over his failed attempt in July to bring private investors into a new commercial entity holding rights linked to competitions including the World Cup, with Sheikh Salman joining the presidents of UEFA and CONCACAF to pen an open letter criticizing the FIFA president's conduct. Infantino, who apologized over the handling of the FIFA Forward Enterprise (FFE) project at a FIFA Council meeting in Zurich this month, is up for reelection in March next year and the support of the Asian bloc could prove crucial. Speaking at the AFC's extraordinary congress in Tokyo on Friday, Sheikh Salman said he had ironed out his differences with Infantino. "I think that we reaffirm our full commitment, of course, to supporting you and your leadership as you seek a new mandate as a FIFA president," he said in comments direc
After grabbing the lead at the halfway mark of the LPGA Tour event on her home soil Friday, Ryu Hae-ran said she was pleased with the state of her game entering the weekend. Ryu carded a bogey-free round of 64 in the second round at the BMW Ladies Championship at Pine Beach Golf Links in Haenam, some 330 kilometers south of Seoul. She is at 13-under 131, two better than fellow South Korean Kim Min-sun and American veteran Lauren Coughlin. Ryu made two eagles on the front nine and four birdies on the back nine. Over the first two rounds, Ryu has not yet made a bogey. She has been dialed in with her shotmaking, having missed just two fairways and one green this week. "Today was an amazing day. I really worried about the wind, but today's wind was much better than yesterday," Ryu said. "That is why I hit a lot of greens today. Everything is good for me. I am happy right now." Her putting, though, has been a different story, as she needed 32 putts to get around each of the first two rounds. For the season, Ryu ranks among the best on the tour in advanced and conventional ball-striking stats b
After grabbing the lead at the halfway mark of the LPGA Tour event on her home soil Friday, Ryu Hae-ran said she was pleased with the state of her game entering the weekend. Ryu carded a bogey-free round of 64 in the second round at the BMW Ladies Championship at Pine Beach Golf Links in Haenam, some 330 kilometers south of Seoul. She is at 13-under 131, two better than fellow South Korean Kim Min-sun and American veteran Lauren Coughlin. Ryu made two eagles on the front nine and four birdies on the back nine. Over the first two rounds, Ryu has not yet made a bogey. She has been dialed in with her shotmaking, having missed just two fairways and one green this week. "Today was an amazing day. I really worried about the wind, but today's wind was much better than yesterday," Ryu said. "That is why I hit a lot of greens today. Everything is good for me. I am happy right now." Her putting, though, has been a different story, as she needed 32 putts to get around each of the first two rounds. For the season, Ryu ranks among the best on the tour in advanced and conventional ball-striking stats b
Woojin Industrial Systems, a Korean manufacturer of railway vehicles and electric buses, said Friday it has been selected for this year’s Ministry of Employment and Labor recognition program honoring companies for creating jobs and improving working conditions. The annual program recognizes 100 private companies and provides administrative and financial incentives to encourage hiring and improve workplace practices. Woojin said investment outside the Seoul metropolitan area helped drive its employment growth. It completed a 47 billion won ($35 million) electric bus factory in Gimcheon, North Gyeongsang Province, supporting efforts to recruit about 100 local workers. The proportion of the company’s workforce covered by employment insurance rose to 673 at the end of 2025 from 578 in 2024. Woojin attributed the growth to investment and recruitment partnerships with local universities and vocational high schools. Of its 140 new hires in 2025, 64 were aged 15 to 34. The company said expanded recruitment of women and support for maternity protection measures helped reduce its female employ
Woojin Industrial Systems, a Korean manufacturer of railway vehicles and electric buses, said Friday it has been selected for this year’s Ministry of Employment and Labor recognition program honoring companies for creating jobs and improving working conditions. The annual program recognizes 100 private companies and provides administrative and financial incentives to encourage hiring and improve workplace practices. Woojin said investment outside the Seoul metropolitan area helped drive its employment growth. It completed a 47 billion won ($35 million) electric bus factory in Gimcheon, North Gyeongsang Province, supporting efforts to recruit about 100 local workers. The proportion of the company’s workforce covered by employment insurance rose to 673 at the end of 2025 from 578 in 2024. Woojin attributed the growth to investment and recruitment partnerships with local universities and vocational high schools. Of its 140 new hires in 2025, 64 were aged 15 to 34. The company said expanded recruitment of women and support for maternity protection measures helped reduce its female employ
Many of the songs on Eric Nam's new album took shape in solitary moments — on flights, in taxis and in hotel rooms — which is why the singer-songwriter says releasing them now feels a little like letting people read his diary. "Confessions of a Lonely Heart," Nam's fourth full-length album and his first in about three years, came out Oct. 16 with nine tracks about love, breakups and loneliness. The release also marks a new chapter at home, as Nam recently signed with a Korean agency, all my anecdotes, and plans to perform more often in Korea before taking the album on a world tour in 2027. Born and raised in Atlanta to Korean immigrant parents, Nam was invited to compete on the second season of MBC's "Star Audition" after his YouTube covers drew attention, and his top-five finish led to his Korean debut in 2013 with the EP "Cloud 9." He went on to build a wide fan base as a TV personality before turning increasingly to English-language music and touring abroad. "These are songs I held on to by myself for a long time," Nam said in a written Q&A provided by his agency on Friday. "I hop
Many of the songs on Eric Nam's new album took shape in solitary moments — on flights, in taxis and in hotel rooms — which is why the singer-songwriter says releasing them now feels a little like letting people read his diary. "Confessions of a Lonely Heart," Nam's fourth full-length album and his first in about three years, came out Oct. 16 with nine tracks about love, breakups and loneliness. The release also marks a new chapter at home, as Nam recently signed with a Korean agency, all my anecdotes, and plans to perform more often in Korea before taking the album on a world tour in 2027. Born and raised in Atlanta to Korean immigrant parents, Nam was invited to compete on the second season of MBC's "Star Audition" after his YouTube covers drew attention, and his top-five finish led to his Korean debut in 2013 with the EP "Cloud 9." He went on to build a wide fan base as a TV personality before turning increasingly to English-language music and touring abroad. "These are songs I held on to by myself for a long time," Nam said in a written Q&A provided by his agency on Friday. "I hop
Seoul Mayor Oh Se-hoon’s acquittal Friday gives him an opportunity to turn his legal victory into greater influence within the conservative opposition, easing a threat to his tenure that had overshadowed his fifth term and constrained his presidential prospects. The Seoul High Court reversed a July ruling that fined Oh 10 million won ($7,500) and ordered him to forfeit 21 million won — a sentence that would have cost him his mayoral post had it become final. The appeals court ruling does not end the case. Special counsel Min Joong-ki’s team said it would appeal to the Supreme Court. But the reversal of a verdict that could have removed Oh from office gives him more room to advance his agenda in the capital and strengthen his standing within the main opposition People Power Party (PPP). The lower court’s conviction had raised questions about whether Oh could complete his four-year term, creating uncertainty around long-term projects. The acquittal reduces that burden and gives his administration greater political stability to pursue its priorities. Oh entered his fifth term with a
Seoul Mayor Oh Se-hoon’s acquittal Friday gives him an opportunity to turn his legal victory into greater influence within the conservative opposition, easing a threat to his tenure that had overshadowed his fifth term and constrained his presidential prospects. The Seoul High Court reversed a July ruling that fined Oh 10 million won ($7,500) and ordered him to forfeit 21 million won — a sentence that would have cost him his mayoral post had it become final. The appeals court ruling does not end the case. Special counsel Min Joong-ki’s team said it would appeal to the Supreme Court. But the reversal of a verdict that could have removed Oh from office gives him more room to advance his agenda in the capital and strengthen his standing within the main opposition People Power Party (PPP). The lower court’s conviction had raised questions about whether Oh could complete his four-year term, creating uncertainty around long-term projects. The acquittal reduces that burden and gives his administration greater political stability to pursue its priorities. Oh entered his fifth term with a
Bank of Korea (BOK) Gov. Shin Hyun-song said Friday the central bank will adjust its monetary policy to a future environment of higher economic growth and interest rates, signaling it will maintain a hawkish stance for some time. In response to a question from Rep. Kim Tae-nyeon of the ruling Democratic Party during a parliamentary audit at the National Assembly, Shin agreed with the assessment that a return to the era of ultra-low interest rates would be difficult. "We will implement policies effectively in preparation for the prospect of a future environment characterized by high growth and high interest rates," he said. The central bank has adopted a more hawkish stance in recent months amid rising inflation and solid economic growth. It raised the benchmark interest rate to 3 percent in July and August, marking the first back-to-back rate hikes since January 2023. The January 2023 hike was the seventh consecutive increase in a tightening cycle that began in April 2022. Over the 3 1/2-year period, the rate was gradually lowered to 2.5 percent from 3.5 percent before the latest round of
Bank of Korea (BOK) Gov. Shin Hyun-song said Friday the central bank will adjust its monetary policy to a future environment of higher economic growth and interest rates, signaling it will maintain a hawkish stance for some time. In response to a question from Rep. Kim Tae-nyeon of the ruling Democratic Party during a parliamentary audit at the National Assembly, Shin agreed with the assessment that a return to the era of ultra-low interest rates would be difficult. "We will implement policies effectively in preparation for the prospect of a future environment characterized by high growth and high interest rates," he said. The central bank has adopted a more hawkish stance in recent months amid rising inflation and solid economic growth. It raised the benchmark interest rate to 3 percent in July and August, marking the first back-to-back rate hikes since January 2023. The January 2023 hike was the seventh consecutive increase in a tightening cycle that began in April 2022. Over the 3 1/2-year period, the rate was gradually lowered to 2.5 percent from 3.5 percent before the latest round of
Canadian pop star Justin Bieber made an unannounced visit to Korea on Friday, marking his first trip to the country in about 13 years. Bieber shared his arrival on social media with the caption, "Made it to Seoul," alongside a photo taken while traveling through the Korean capital. He arrived at Incheon International Airport, located just west of Seoul, with his wife, model Hailey Bieber, in the early hours of Friday, according to local media reports. The 32-year-old singer last performed in Korea in 2013, though he made a virtual appearance at the Weverse Con Festival, a music festival hosted by K-pop powerhouse Hybe, in late 2021. While the exact purpose of Bieber's trip was not immediately disclosed, his visit coincides with a Seoul pop-up store for Skylrk, the fashion and lifestyle brand he co-founded. He later posted photos of himself at the store on social media, fueling speculation that his trip was tied to the event. The store opened Thursday in the trendy Seongsu neighborhood and runs through Sunday.
Canadian pop star Justin Bieber made an unannounced visit to Korea on Friday, marking his first trip to the country in about 13 years. Bieber shared his arrival on social media with the caption, "Made it to Seoul," alongside a photo taken while traveling through the Korean capital. He arrived at Incheon International Airport, located just west of Seoul, with his wife, model Hailey Bieber, in the early hours of Friday, according to local media reports. The 32-year-old singer last performed in Korea in 2013, though he made a virtual appearance at the Weverse Con Festival, a music festival hosted by K-pop powerhouse Hybe, in late 2021. While the exact purpose of Bieber's trip was not immediately disclosed, his visit coincides with a Seoul pop-up store for Skylrk, the fashion and lifestyle brand he co-founded. He later posted photos of himself at the store on social media, fueling speculation that his trip was tied to the event. The store opened Thursday in the trendy Seongsu neighborhood and runs through Sunday.
Ryu Hae-ran soared to the top of the leaderboard at the LPGA Tour event in her native Korea on Friday. Ryu fired a blistering round of eight-under 64 to seize the 36-hole lead at the BMW Ladies Championship at Pine Beach Golf Links in Haenam, some 330 kilometers south of Seoul. Ryu, the highest-ranked player in the field this week at No. 3, has yet to make a bogey in this tournament. On Friday, Ryu recorded two eagles on the front nine and added four birdies on the back nine for her second consecutive bogey-free round. Ryu, who hit every green in regulation and missed just one fairway Friday, holds a two-shot lead over two players — Kim Min-sun of Korea and Lauren Coughlin of the United States — at 13-under 131. Ryu, 25, is from the nearby town of Yeongam. Her two LPGA wins this season have both come at major championships — first at the KPMG Women's PGA Championship and then at the Amundi Evian Championship. Ryu is now trying to join world No. 1 Nelly Korda and second-ranked Jeeno Thitikul as the only players to notch at least three victories in 2026. Ryu eagled the first two par-5
Ryu Hae-ran soared to the top of the leaderboard at the LPGA Tour event in her native Korea on Friday. Ryu fired a blistering round of eight-under 64 to seize the 36-hole lead at the BMW Ladies Championship at Pine Beach Golf Links in Haenam, some 330 kilometers south of Seoul. Ryu, the highest-ranked player in the field this week at No. 3, has yet to make a bogey in this tournament. On Friday, Ryu recorded two eagles on the front nine and added four birdies on the back nine for her second consecutive bogey-free round. Ryu, who hit every green in regulation and missed just one fairway Friday, holds a two-shot lead over two players — Kim Min-sun of Korea and Lauren Coughlin of the United States — at 13-under 131. Ryu, 25, is from the nearby town of Yeongam. Her two LPGA wins this season have both come at major championships — first at the KPMG Women's PGA Championship and then at the Amundi Evian Championship. Ryu is now trying to join world No. 1 Nelly Korda and second-ranked Jeeno Thitikul as the only players to notch at least three victories in 2026. Ryu eagled the first two par-5
The Army's Ground Operations Command (GOC) has conducted an annual counterfire field training exercise (FTX) to enhance its readiness for wartime operations, the armed service said Friday. The drills were conducted from Monday through Friday, involving some 4,100 troops affiliated with the Combined Ground Component Command (CGCC), according to the Army. The GOC also serves as the ground component command of the Korea-U.S. Combined Forces Command (CFC), which was transitioned into a standing unit earlier this year. During the drills, which were held in tandem with the annual Hoguk exercise, troops trained under a simulated all-out war scenario on the Korean Peninsula. The CGCC task force, comprising intelligence and artillery units, attempted to occupy positions and detect and strike targets using their combined assets. A range of joint surveillance and strike assets, including the allies' unmanned aerial vehicles (UAVs), counter-battery radars, the Korean Tactical Surface-to-Surface Missile (KTSSM) and K9 self-propelled howitzer, were mobilized for the drills. The troops also practiced res
The Army's Ground Operations Command (GOC) has conducted an annual counterfire field training exercise (FTX) to enhance its readiness for wartime operations, the armed service said Friday. The drills were conducted from Monday through Friday, involving some 4,100 troops affiliated with the Combined Ground Component Command (CGCC), according to the Army. The GOC also serves as the ground component command of the Korea-U.S. Combined Forces Command (CFC), which was transitioned into a standing unit earlier this year. During the drills, which were held in tandem with the annual Hoguk exercise, troops trained under a simulated all-out war scenario on the Korean Peninsula. The CGCC task force, comprising intelligence and artillery units, attempted to occupy positions and detect and strike targets using their combined assets. A range of joint surveillance and strike assets, including the allies' unmanned aerial vehicles (UAVs), counter-battery radars, the Korean Tactical Surface-to-Surface Missile (KTSSM) and K9 self-propelled howitzer, were mobilized for the drills. The troops also practiced res
With the Korea Federation of Banks (KFB) set to appoint its next chairman, several former financial executives and regulators are emerging as potential candidates to take the helm of the country’s leading banking lobby, according to industry officials on Friday. The federation represents 23 full members — commercial, regional and internet-only lenders — as well as 33 associate members, comprising branches of foreign banks. The incumbent, Cho Yong-byoung, is due to leave office on Nov. 30. Yoon Jong-kyoo, former chairman of KB Financial Group, has long been viewed as a front-runner. He served as a vice chairman at accounting firm Samil PwC and president of KB Kookmin Bank before leading KB Financial from 2014 to 2023, overseeing major acquisitions including LIG Insurance and Hyundai Securities. But the prospect of another KB Financial veteran taking a top post at a financial industry association has drawn growing resistance. The concern has intensified after Lee Dong-chul, a former KB Financial vice chairman, took the helm of the Credit Finance Association this year, followed by Kim
With the Korea Federation of Banks (KFB) set to appoint its next chairman, several former financial executives and regulators are emerging as potential candidates to take the helm of the country’s leading banking lobby, according to industry officials on Friday. The federation represents 23 full members — commercial, regional and internet-only lenders — as well as 33 associate members, comprising branches of foreign banks. The incumbent, Cho Yong-byoung, is due to leave office on Nov. 30. Yoon Jong-kyoo, former chairman of KB Financial Group, has long been viewed as a front-runner. He served as a vice chairman at accounting firm Samil PwC and president of KB Kookmin Bank before leading KB Financial from 2014 to 2023, overseeing major acquisitions including LIG Insurance and Hyundai Securities. But the prospect of another KB Financial veteran taking a top post at a financial industry association has drawn growing resistance. The concern has intensified after Lee Dong-chul, a former KB Financial vice chairman, took the helm of the Credit Finance Association this year, followed by Kim
Gemini, the generative artificial intelligence (AI) by Google, has become the center of Korean politics in recent days, as President Lee Jae Myung and opposition politicians used the tool to defend their logic in the debate over investigative body chiefs’ attendance at Cabinet meetings. The debate turned a dispute over investigative independence into a political contest over AI-generated responses, with high-profile opposition lawmakers citing Gemini on issues ranging from Cabinet attendance to whether Lee’s suspended criminal trials should resume. The AI use battle began when Lee posted on X (formerly Twitter) on Wednesday under the heading, “I asked Gemini,” posting the AI assistant's answers to reject criticism of his decision to have the heads of the newly launched Serious Crimes Investigation Agency (SCIA) and the Prosecution Service attend Cabinet meetings. His posting came after SCIA’s inaugural chief Kim Ji-yong took part in Tuesday’s Cabinet meeting, presided over by Lee. The opposition bloc criticized Kim's attendance, saying it would undermine the investigative bo
Gemini, the generative artificial intelligence (AI) by Google, has become the center of Korean politics in recent days, as President Lee Jae Myung and opposition politicians used the tool to defend their logic in the debate over investigative body chiefs’ attendance at Cabinet meetings. The debate turned a dispute over investigative independence into a political contest over AI-generated responses, with high-profile opposition lawmakers citing Gemini on issues ranging from Cabinet attendance to whether Lee’s suspended criminal trials should resume. The AI use battle began when Lee posted on X (formerly Twitter) on Wednesday under the heading, “I asked Gemini,” posting the AI assistant's answers to reject criticism of his decision to have the heads of the newly launched Serious Crimes Investigation Agency (SCIA) and the Prosecution Service attend Cabinet meetings. His posting came after SCIA’s inaugural chief Kim Ji-yong took part in Tuesday’s Cabinet meeting, presided over by Lee. The opposition bloc criticized Kim's attendance, saying it would undermine the investigative bo
SK hynix bucked a broader sell-off in artificial intelligence (AI)-related stocks, Friday, helping drive a rebound in the benchmark KOSPI after the chipmaker said it had dropped its review of a potential U.S. listing of Solidigm, its NAND flash memory subsidiary. Shares of SK hynix closed at 1,277,000 won ($963.48), up 4.42 percent, while Samsung Electronics rose 0.47 percent to 215,500 won. KOSPI came under pressure after a rout in AI-related stocks on Wall Street overnight. The Philadelphia Semiconductor Index plunged 6.72 percent, with Nvidia, Micron, SanDisk and Intel among the biggest decliners. Korea's benchmark index tumbled more than 4 percent in morning trading, briefly sinking to the 5,300 level, before staging a sharp rebound and reversing its losses later in the session. It closed at 5,550.30, up 0.3 percent. Net buying by retail and institutional investors helped offset selling by foreign investors, who unloaded nearly 1 trillion won worth of shares on a net basis. Retail and institutional investors bought a net 52 billion won and 872 billion won worth of shares, respectivel
SK hynix bucked a broader sell-off in artificial intelligence (AI)-related stocks, Friday, helping drive a rebound in the benchmark KOSPI after the chipmaker said it had dropped its review of a potential U.S. listing of Solidigm, its NAND flash memory subsidiary. Shares of SK hynix closed at 1,277,000 won ($963.48), up 4.42 percent, while Samsung Electronics rose 0.47 percent to 215,500 won. KOSPI came under pressure after a rout in AI-related stocks on Wall Street overnight. The Philadelphia Semiconductor Index plunged 6.72 percent, with Nvidia, Micron, SanDisk and Intel among the biggest decliners. Korea's benchmark index tumbled more than 4 percent in morning trading, briefly sinking to the 5,300 level, before staging a sharp rebound and reversing its losses later in the session. It closed at 5,550.30, up 0.3 percent. Net buying by retail and institutional investors helped offset selling by foreign investors, who unloaded nearly 1 trillion won worth of shares on a net basis. Retail and institutional investors bought a net 52 billion won and 872 billion won worth of shares, respectivel
Korea Electric Power Corp. (KEPCO) has won the UNLEASH Learning and Development Award for the second consecutive year, becoming the first Korean company to achieve the feat and reaffirming its global competitiveness in human resource development (HRD), the state-run utility said Friday. The award was presented at UNLEASH World 2026, a major human resources development conference, in Paris on Thursday (local time), according to KEPCO. Established in 2016 by the European Association for People Management and U.K.-based HR technology group UNLEASH, the award recognizes excellence in HRD, based on its strategic impact, organizational role and contribution to business performance. The recognition follows KEPCO's consecutive wins at the ATD Awards, organized by the U.S.-based Association for Talent Development, over the past two years, further demonstrating the company's expertise in employee training and talent management. KEPCO said evaluators recognized its alignment of HRD with business strategy, data-driven personalized training and integration of HRD with human resource management (HRM).
Korea Electric Power Corp. (KEPCO) has won the UNLEASH Learning and Development Award for the second consecutive year, becoming the first Korean company to achieve the feat and reaffirming its global competitiveness in human resource development (HRD), the state-run utility said Friday. The award was presented at UNLEASH World 2026, a major human resources development conference, in Paris on Thursday (local time), according to KEPCO. Established in 2016 by the European Association for People Management and U.K.-based HR technology group UNLEASH, the award recognizes excellence in HRD, based on its strategic impact, organizational role and contribution to business performance. The recognition follows KEPCO's consecutive wins at the ATD Awards, organized by the U.S.-based Association for Talent Development, over the past two years, further demonstrating the company's expertise in employee training and talent management. KEPCO said evaluators recognized its alignment of HRD with business strategy, data-driven personalized training and integration of HRD with human resource management (HRM).
Korean novelist Jeong You-jeong has carried the nickname "Stephen King of Korea" for more than a decade, thanks to her psychological thrillers that probe the darkest corners of human nature. But when the novelist, who was wearing a bright yellow cardigan and an even brighter smile, arrived for an interview in eastern Seoul's Seongsu-dong on Thursday, she looked nothing like the writer behind some of the country's most unsettling bestsellers. The cheerfulness, Jeong explained with a laugh, comes from long stretches of solitude. Once she begins a novel, she rarely leaves home, so the rare occasions that bring her out into the world tend to leave her in high spirits and full of things to say. "Once I start writing a book, I'm the type who holes up at home and never goes out," she said. "I'm alone all day for a year or two, so whenever I do come out, I can't stop talking." This time, the occasion was "Bonobo," the English translation of her 2019 novel, published in Britain by Honford Star this month. Translated by Brother Anthony, also known by his Korean name An Seon-jae, it is the first of
Korean novelist Jeong You-jeong has carried the nickname "Stephen King of Korea" for more than a decade, thanks to her psychological thrillers that probe the darkest corners of human nature. But when the novelist, who was wearing a bright yellow cardigan and an even brighter smile, arrived for an interview in eastern Seoul's Seongsu-dong on Thursday, she looked nothing like the writer behind some of the country's most unsettling bestsellers. The cheerfulness, Jeong explained with a laugh, comes from long stretches of solitude. Once she begins a novel, she rarely leaves home, so the rare occasions that bring her out into the world tend to leave her in high spirits and full of things to say. "Once I start writing a book, I'm the type who holes up at home and never goes out," she said. "I'm alone all day for a year or two, so whenever I do come out, I can't stop talking." This time, the occasion was "Bonobo," the English translation of her 2019 novel, published in Britain by Honford Star this month. Translated by Brother Anthony, also known by his Korean name An Seon-jae, it is the first of
President Lee Jae Myung on Friday urged prompt and bold reform of outdated regulations that hamper the growth of new technologies or advanced industries, calling it an essential task in the country's drive for global industrial leadership. The president made the call at the second plenary meeting of the regulation rationalization committee, aimed at easing regulations to help nurture advanced industries and ensure balanced development, both of which are key initiatives of the Lee administration. "Rationalizing regulations is an essential task in establishing an irreplaceable Republic of Korea," Lee said, reiterating his administration's push to establish global leadership in advanced industries. The president said new regulations would still be needed and should even be strengthened to protect people's lives and safety, as well as social fairness and transparency, but any outdated regulations hampering growth should be promptly reformed. "Outdated, inconvenient regulations that block new technologies and the development of new industries should be reformed promptly and boldly," he said. T
President Lee Jae Myung on Friday urged prompt and bold reform of outdated regulations that hamper the growth of new technologies or advanced industries, calling it an essential task in the country's drive for global industrial leadership. The president made the call at the second plenary meeting of the regulation rationalization committee, aimed at easing regulations to help nurture advanced industries and ensure balanced development, both of which are key initiatives of the Lee administration. "Rationalizing regulations is an essential task in establishing an irreplaceable Republic of Korea," Lee said, reiterating his administration's push to establish global leadership in advanced industries. The president said new regulations would still be needed and should even be strengthened to protect people's lives and safety, as well as social fairness and transparency, but any outdated regulations hampering growth should be promptly reformed. "Outdated, inconvenient regulations that block new technologies and the development of new industries should be reformed promptly and boldly," he said. T