Electricity bill hike looms as KEPCO struggles with soaring debt
KEPCO has announced a 10.6 won per kilowatt-hour (kWh) increase in industrial electricity prices.
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Amorepacific shares plunge 30% following disappointing Q2 earnings
The luxury and premium segments, which include well-known brands such as Sulwhasoo, Hera, and Laneige, were particularly hard-hit in South Korea.
Rising concerns over commuter safety at Seongsu station amid escalating rush hour congestion
Commuters have reported increasingly severe overcrowding on platforms, escalators, and within train compartments, leading to a growing sense of unease.
North Korean defector crosses Northern Limit line, South Korean military reports
According to a statement from South Korea's Joint Chiefs of Staff, the defector, whose identity has not been disclosed, crossed the NLL early Thursday morning.
LG unveils Korea’s first open-source AI model EXAONE 3.0
EXAONE 3.0 is a substantial upgrade from its predecessors, boasting a 56% reduction in processing time, 35% less memory usage, and 72% lower operating costs compared to EXAONE 2.0.
South Korean president faces post-vacation challenges
President Yoon’s administration is grappling with a range of issues. High inflation and rising costs of essential goods have been prominent concerns among the electorate.
SK Group chairman Chey Tae-won escalates $1 billion divorce battle with supreme court appeal
The Seoul High Court had earlier ruled that Chey must pay 1.38 trillion won (approximately $1 billion) in property division to Roh.
Yoon calls for swift responses to stock market volatility amid criticisms over vacationing
Korea Composite Stock Price Index (KOSPI) rebounded, gaining 80.6 points (3.3%) to close at 2,522.15, recovering from the previous session's 8.77% crash.
Fears of EV explosions rise in Korea after Incheon incident
This incident has intensified scrutiny of EV safety, particularly the risks associated with lithium-ion batteries.
KOSPI tumbles over 8% amid U.S. recession fears
The sharp downturn in the KOSPI was triggered by a dismal U.S. jobs report for July, which revealed a mere addition of 114,000 jobs and an uptick in the unemployment rate to 4.3%.
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