SEOUL– Girl group (G)I-dle topped daily and weekly charts of five major local music streaming services with its release “Nxde” on Tuesday, a week after it dropped. “Nxde,” the main track off the band’s fifth EP “I Love,” sat atop real-time, daily, weekly and top 100 songs charts of Melon, Genie, Bugs, Flo and … Read more
SEOUL– Kia Corp., South Korea’s second-biggest carmaker, said Tuesday its third-quarter net profit plunged 60 percent from a year earlier on provisions for additional engine-related recall costs. Net profit for the three months ended in September fell to 458.89 billion won (US$319 million) from 1.13 trillion won during the same period of last year, … Read more
SEOUL– South Korea’s economy has “strong” fundamentals and “ample buffers” that could stand against shocks, an International Monetary Fund (IMF) official said Tuesday, shrugging off worries that recently heightening financial market volatility could cause the repeat of such a crisis that the country suffered more than two decades ago. Still, Krishna Srinivasan, director of … Read more
SEOUL– President Yoon Suk-yeol said Tuesday that South Korea will contribute to the global fight against infectious diseases by sharing vaccines and further investing in their development and treatments. Yoon made the remark during the opening of the inaugural World Bio Summit co-hosted by South Korea and the World Health Organization, saying the COVID-19 … Read more
SEOUL– A parliamentary special committee on pension reform kicked off Tuesday, vowing to reach all-party cooperation to improve the financial soundness of the national pension system. Revamping the national pension system is one of President Yoon Suk-yeol’s key reform agenda items. Yoon has called for speedy reform of the pension system amid concerns it … Read more
SEOUL– In the bottom of the third inning of the LG Twins’ postseason game against the Kiwoom Heroes on Monday night, speedy outfielder Hong Chang-ki stood at first base after a leadoff single. He then made a rather bold decision to take off for second on a foul fly down the left field line. … Read more
SEOUL– South Korean stocks closed little changed Tuesday from the previous session, as investors took a breather ahead of earnings reports to be released by major companies later this week, amid worries over global inflation and U.S. monetary tightening. After bobbing in and out of positive territory, the benchmark Korea Composite Stock Price Index … Read more
SEOUL– An alternative Korean Air plane departed for the Philippines on Tuesday to bring home passengers stranded after another plane run by the air carrier overran the airport runway in Cebu. A Boeing 777 plane left Incheon International Airport, west of Seoul, around noon, on a mission to return with the passengers and crew … Read more