Webtoon Entertainment went public in New York on July 27. (Line Digital Frontier)
Media & Entertainment

After U.S. IPO, Naver's Webtoon to spend more on creators and AI

Online comics appeal to TikTok-loving Gen-Z Americans, CFO says

29 June 2024
North Korea is meting out stricter punishment to citizens who access South Korean entertainment such as K-pop and TV shows, according to Seoul. (Nikkei montage / Photos by AP and AFP)
North Korea tensions

North Korea intensifies crackdown on K-drama, other pop culture from South

Seoul says people in North could face execution for consuming banned content

28 June 2024
Lower delivery fees are making life harder for food delivery drivers in South Korea, as the big platforms engage in a fierce battle for customers in a stagnant market.
Business Spotlight

South Korea delivery giants lock horns in post-pandemic price war

Cutthroat competition hits drivers' wallets and raises safety concerns

28 June 2024
Opponents of South Korea's capital gains tax argue that the stock market is in no position to withstand the potential negative consequences, given the uncertain economic climate.
Opinion

Now is not the time for South Korea to tax stock trading profits

Capital gains levy should be delayed until broader reform plan is ready

28 June 2024
People in costume take part in an event with Webtoon Entertainment in Times Square as the company holds an IPO at the Nasdaq MarketSite.
Media & Entertainment

Naver-backed Webtoon shares jump 14% in Nasdaq debut

California-based storytelling platform founded by engineer from South Korean company

28 June 2024
From left, Japanese Economy, Trade and Industry Minister Ken Saito, U.S. Commerce Secretary Gina Raimondo, and South Korean Trade, Industry and Energy Minister Ahn Duk-geun in Washington on June 26. (Photo by Shunsuke Ushigome)
International relations

U.S. and Japan face disconnect over further China chip controls

Trilateral with South Korea produces agreement on supply chain cooperation

28 June 2024
South Korean, Japanese the U.S. warships hold a ballistic missile defense exercise in the Sea of Japan in July 2023: The three countries began drills in the South China Sea on June 27.
Defense

Japan, U.S., South Korea start military drills to counter North

East China Sea exercises span air, naval, cyber domains

27 June 2024
A balloon, left, believed sent by North Korea is seen in South Korea on June 10. Authorities, right, assess waste from a balloon that landed in the Seodaemun district of northern Seoul on June 25. (Source photos by AP and Ahn Seong-bok)
North Korea tensions

North Korea resumes launching balloons and missiles after Putin summit

Pyongyang and Seoul also trade barbs during Korean War anniversary remembrances

26 June 2024
North Korea appears to have launched a ballistic missile toward the sea to the east coast of the Korean Peninsula. (Photo by Kosaku Mimura)
North Korea tensions

North Korea missile launch appears to have failed, Seoul says

Japan says missile flew to an altitude of about 100 kms and range of more than 200 kms.

26 June 2024
North Korean firing drills held in March. Pyongyang and Moscow have forged a strategic partnership providing for mutual military support in the event of an attack. (KCNA via Reuters)
International relations

As North Korea and Russia cozy up, Tokyo and Seoul clamp down

Finance ministers agree to tighten enforcement of U.N. sanctions amid evasion

26 June 2024
The site of a deadly fire at a lithium-ion battery factory in Hwaseong, South Korea, on June 24. The majority of the victims were from overseas.
Work

South Korea factory blaze highlights risks to migrant workers

Government opens employment door wider despite safety concerns

25 June 2024
The European Union is looking to strengthen cooperation with the view that Europe and Asia share common security risks.
International relations

EU eyes security, defense partnerships with Japan and South Korea

Ties with Asian partners would lead to broader joint development projects

23 June 2024
Korean Air has been planning for years to buy South Korean compatriot Asiana Airlines. (Photo by Ahn Seong-bok)
Transportation

Korean Air names Air Incheon preferred bidder for Asiana cargo arm

EU antitrust watchdog requires sale over competition concerns

22 June 2024
Philly Shipyard is a commercial shipyard located on part of the former Philadelphia Naval Shipyard, which closed down in 1996. (Hanwha Group).
Defense

South Korea's Hanwha agrees to acquire American shipyard for $100m

U.S. Navy Secretary Del Toro calls Philly Shipyard bid a 'game-changing milestone'

21 June 2024
Artist Oh Sung-cheol speaks at a press conference on June 13. "I'm grateful to live in a place where I can think and express myself freely," he said. (Source photos by Ahn Seong-bok)
North Korea tensions

North Korean defector artist relishes freedom in time of tensions

Pyongyang and Seoul step up psychological warfare across divided border

15 June 2024
South Korea's total fertility rate has notched new record lows for eight straight years.
Society

Have a baby, get $72,000: South Korean companies pay to boost birth rate

Parental bonuses raise fairness concerns among single workers

15 June 2024
Fans of K-pop band BTS gather in Seoul in June 2023. Some enthusiasts of the music genre are joining together to push companies to pursue green policies.
Environment

K-pop fans mobilize consumer power for environmental activism

After Hyundai coal success, activists target Korean music industry over marketing

14 June 2024
The book-style Mate X5, released in China in September 2023. (Photo by Nikkei)
14 June 2024
AI took center stage at the Samsung Foundry Forum in California. (Samsung Electronics)
Technology

Samsung targets 20% faster AI chip delivery under one-stop service

Plans for 1.4-nm chips also on track, South Korea tech giant says

14 June 2024
A dealing room at KEB Hana Bank's headquarters in Seoul on May 30.
Equities

South Korea extends short-selling ban to March 2025

Financial regulator plans to develop an electronic system to prevent illegal trades

13 June 2024
Kazakh President Kassym-Jomart Tokayev, left, and South Korean President Yoon Suk Yeol inspect an honor guard during a welcome ceremony in Astana on June 12. Yoon is on a three-nation visit to Central Asia.
International relations

South Korea's Yoon seeks deals in Central Asian resource push

Visit to Kazakhstan and other countries aimed at mineral access, less reliance on China

13 June 2024
From left, Japaese Vice Foreign Minister Masataka Okano, U.S. Deputy Secretary of State Kurt Campbell and South Korean First Vice Foreign Minister Kim Hong Kyun in Virginia on May 31. (Pool photo)
Indo-Pacific

U.S., Japan, South Korea to launch trilateral coordination body this year

Partners seek to institutionalize collaboration, following Camp David summit

11 June 2024
Lotte On reported a fourth straight year in the red for 2023. (Lotte On)
Retail

Lotte's South Korea e-commerce arm offers early retirement

Money-losing company eyes reorganization after struggling against Coupang and Naver

11 June 2024
The U.S. nuclear-powered submarine USS Annapolis is greeted by South Korean Navy personnel at Jeju Island, South Korea, during its arrival in July 2023.
Defense

U.S. and South Korea to hold nuclear response drill this summer

Allies finalize guidelines on nuclear deterrence with eye on North Korea

11 June 2024
Shipyard workers align a new propeller for installation on the U.S. 7th Fleet flagship USS Blue Ridge in Yokosuka, Japan. (U.S. Navy photo)
Indo-Pacific

Indo-Pacific should create 'common defense market,' Hudson analyst says

U.S. and Japan officials to meet Sunday to discuss joint weapon production

8 June 2024