SEOUL– South Korea and Saudi Arabia have recently discussed signing initial agreements for partnerships in future mobility and road infrastructure development, the transport ministry said Thursday. Land, Infrastructure and Transport Minister Won Hee-ryong met with his Saudi Arabian counterpart, Saleh bin Nasser Al-Jasser, to discuss two separate memorandums of understanding (MOUs) on mobility and … Read more
SEOUL– Hybe Co., the Korean entertainment agency behind supergroup BTS, said Thursday it will support collaborations between different record labels under its wing to introduce diverse content in what is seen as efforts to fill the hole left by the flagship band’s hiatus. Hybe unveiled the diversification strategy in an online press conference as … Read more
SEOUL– E-Mart Inc. on Thursday said its third quarter net income declined 86.7 percent from a year earlier on one-off depreciation costs and recall expenses. Net income came to 124.3 billion won (US$90.6 million) on a consolidated basis for the three months ending in September, compared with 937 billion won during the same period … Read more
SEOUL– The United States’ implementation of export controls on semiconductor equipment is not intended at interfering with business activities, a senior U.S. official said Thursday, stressing it will closely engage with the South Korean government and related industries over the matter. Thea Kendler, U.S. assistant secretary of commerce for export administration, made the remarks, … Read more
SEOUL– The second prototype of South Korea’s homegrown fighter jet, the KF-21 Boramae, made its successful maiden test flight Thursday, the country’s arms agency said. It took off from the Air Force’s 3rd Flying Training Wing in Sacheon, about 300 kilometers south of Seoul, at 9:49 a.m. and landed without a hitch at 10:24 … Read more
SEOUL– The central government and the Seoul city government made urgent calls to the Yongsan Ward office, asking it to send out mobile alerts to the public shortly after the deadly crowd crush in Itaewon, but they were unanswered for 78 minutes, officials said Thursday. The revelation by the Seoul city government came as … Read more
SEOUL– Prime Minister Han Duck-soo said Thursday the government will draw up comprehensive plans to reform the police and improve safety management systems after the deadly Halloween crowd crush in Seoul. “The government will come up with related measures, such as the pan-government disaster safety management system, police innovation and safety management measures, to … Read more
SEOUL– The U.S. live video-streaming platform Twitch said Thursday it will suspend its video-on-demand (VOD) service in South Korea next month, seen as a protest against the country’s controversial network usage fee. “From Dec. 13, 2022, viewers in Korea will no longer be able to watch VOD content,” it said in an announcement. “From … Read more