South Korea's Hanwha Ocean is in a final push to win Canada's $39 billion submarine project, aiming to replace the Royal Canadian Navy's aging fleet with 12 new diesel-electric vessels. The KSS-III class submarine is highlighted for its proven operational record.
Netflix's new Korean drama 'Teach You a Lesson,' directed by Hong Jong-chan, has topped the platform's global non-English rankings for the week of June 1-7. Adapted from the webtoon 'Get Schooled,' the 10-episode series focuses on a vigilante unit addressing school violence and declining teacher authority.
North Korea's state media has excluded games involving South Korea, the US, and Japan from its coverage of the FIFA World Cup. The broadcasts, aired on Korean Central Television, omitted results from matches involving these nations, despite showing advertisements from South Korean and US companies. This exclusion follows North Korea's unauthorized broadcasting of the 2023 FIFA Women's World Cup, leading to its apparent exclusion from current broadcasting rights.
A timeline of significant events in South Korean history, including the return of the Independence Army in 1946, participation in the Olympics in 1948, normalization of ties with Japan in 1965, a historic World Cup run in 2002, the death of Kim Sun-il in 2004, legal gender change recognition in 2006, and a deadly shooting rampage in 2014.
South Korea's Ministry of Gender Equality and Family approved 184 sanctions against 166 individuals for failing to meet child support obligations. Sanctions include travel bans, driver's license suspensions, and public disclosure of personal information, with average unpaid support at 45 million won.
南韓央行警告，科技業員工獲得數百萬韓圜的績效獎金，可能推升薪資與消費成長，進而加劇通膨壓力。尤其SK海力士與三星電子發放的巨額獎金，已帶動京畿道奢侈品消費熱潮，相關零售股表現亮眼。
Household loans at major South Korean banks increased in the second quarter, driven by stock investments and home purchases. After an initial decline, loan balances grew, particularly unsecured credit loans and mortgage loans, reaching record levels.
The number of foreigners falling victim to fraud in South Korea has nearly quadrupled in two years, rising from 5,307 in 2023 to 19,907 last year. Many cases involve K-pop merchandise scams targeting 'hallyu' fans. Overall crime against foreigners also surged 81.7% amid a rise in tourism.
South Korea has a 91.08% chance of advancing to the FIFA World Cup round of 32, according to Opta Analyst. They will secure a spot with at least a draw against South Africa on Wednesday.
Korean retail investors, dubbed 'Seohak Ants,' have continued to net-buy SpaceX shares for four consecutive days, with the total net purchase amount approaching 3 trillion won. On the 17th, they bought $136.67 million worth of SpaceX stock, bringing the total to nearly $1.95 billion since its listing.
Korean battery makers are accelerating their push into the US energy storage system (ESS) market, seeking breakthroughs amid global challenges like reduced EV subsidies and demand slowdown. The US ESS market, driven by AI-driven data center growth and a de-Sinicization trend, presents a significant opportunity for Korean firms with local production capabilities.
South Korea is rapidly becoming a major global arms exporter, driven by geopolitical instability, the Ukraine war, and a perceived unreliability of US security commitments. The country's defense companies are experiencing significant revenue growth, with Europe, particularly Poland, being a key market. Factors like fast delivery, technology transfer, and competitive pricing are key to its success.
The Ulaanbaatar Grand Slam in Mongolia showcased top judo stars, including world champions, competing for Olympic qualification points. The event featured traditional opening ceremonies and was attended by IJF officials and Mongolian dignitaries.
Heavy rain and strong winds battered South Korea's Gangwon Province and southern regions on Saturday, leading to the closure of national park trails and the disruption of a local festival. No casualties were reported, but authorities issued landslide warnings and advised caution for high waves.
Heavy rain in South Korea's Gangwon Province on Saturday led to restricted access to Mount Seorak national park trails and the disruption of the Gangneung Danoje Festival. While a heavy rain warning was lifted, strong winds and high waves persist off the east coast.
South Korea's central bank is concerned that large bonuses paid to tech workers could fuel inflation. The Bank of Korea noted that while energy prices are a primary driver, improved income conditions and widespread wage growth, potentially spurred by these exceptional bonuses, could increase demand and supply-side inflationary pressures.
A South Korean court found former Gyeonggi Vice Governor Lee Hwa-young guilty of perjury for falsely testifying about being offered alcohol and food during a prosecution interrogation. The ruling impacts the Democratic Party's efforts to dismiss a remittance case against President Lee Jae Myung.
Chinese football commentator Li Yi was removed from a World Cup broadcast after comparing an Austrian player's defensive play to Huang Jiguang, a Chinese soldier revered as a 'hero' for his actions in the Korean War. This comparison, made during a live broadcast, led to his temporary removal from the commentary team.
A regional court in South Korea found former Gyeonggi Vice Governor Lee Hwa-young guilty of perjury for falsely testifying about receiving alcohol and food during a prosecution interrogation. He was sentenced to four months in prison, adding to his existing sentence for an illegal remittance case.
11street has launched an online store in China featuring around 350 Korean brands, primarily in beauty, food, fashion, and health. The platform will manage logistics and marketing, aiming to boost e-commerce between Korea and China. This move capitalizes on the significant share Chinese consumers hold in South Korea's cross-border e-commerce market.
Heavy downpours have drenched South Korea, with rain expected to continue through Saturday evening and into Sunday morning in some areas. Significant rainfall has already accumulated, and rough seas are anticipated along the southern and eastern coasts.
RM, leader of K-pop group BTS, has been appointed the first global ambassador for the National Museum of Korea. The appointment recognizes his support for Korean cultural heritage, including significant donations and his efforts to promote Korean culture globally.
South Korea's Eom Ji-sung described his near-assist in the 1-0 loss to Mexico at the FIFA World Cup, where a late cross to Cho Gue-sung was saved. Eom, a substitute, aims to bring energy and offensive chances to the team.
South Korean newspapers on June 20 featured headlines focusing on Lee's calls for the ruling party to avoid internal conflict and reform the election watchdog. Additionally, reports indicated Lee stated Trump inquired about South Korea building 10 warships for the U.S. and discussed North Korea.
