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South Korea Reviews Quake Preparedness After Kumamoto Tremors
PoliticsKorea Herald2h ago

South Korea Reviews Quake Preparedness After Kumamoto Tremors

South Korea confirmed that no South Korean nationals were reported injured or killed in the earthquake in Japan's Kumamoto Prefecture. The government is reviewing its earthquake and tsunami preparedness after tremors from the quake were felt across the country.

South Korea's Digital Nomad Visa Confusion
CultureKorea Herald3h ago

South Korea's Digital Nomad Visa Confusion

Nearly a month after its launch, South Korea's digital nomad visa is still causing confusion among prospective applicants, who report receiving conflicting information from different sources.

Tech Stocks Plummet in Asia and US Amid AI Jitters
BusinessBBCchannel-news-asia1d ago2 sources

Tech Stocks Plummet in Asia and US Amid AI Jitters

Technology stocks, particularly chip firms, experienced a significant rout in Asian markets like Seoul and Tokyo, as well as in the US. Investors are reportedly rattled by jitters surrounding the AI sector.

South Korea Considers Measures to Curb Leveraged ETF Investments
BusinessKorea Heraldchannel-news-asia1d ago2 sources

South Korea Considers Measures to Curb Leveraged ETF Investments

South Korea is exploring new regulations to limit retail investor access to leveraged exchange-traded funds (ETFs), including potentially capping investments. The country's chief financial regulator has vowed additional measures to curb demand for these high-risk products.

Businessbloomberg1d ago

SK Hynix ADRs Slump Below US IPO Price

SK Hynix Inc.'s American depositary receipts have fallen to a new low, trading below their initial US IPO price following a record-setting debut earlier this month, as investors divest from semiconductor stocks.

Former South Korean President Yoon Convicted for Election Lies
Politicsyle-uutisetSCMPorf+11aktualne-czhvgThe Independentindex-hrn1-serbiaTimes of Indiajapan-timesKorea Herald+3 more1d ago14 sources

Former South Korean President Yoon Convicted for Election Lies

Former South Korean President Yoon Suk Yeol has been convicted and received an 18-month suspended prison term for violating election law by making false statements during his campaign. This ruling could also result in the PPP losing a significant amount of money.

South Korea Considers Converting Vacant Offices to Housing
BusinessKorea Herald1d ago

South Korea Considers Converting Vacant Offices to Housing

South Korea's Minister of Land, Infrastructure and Transport, Kim Yun-duk, indicated that the government is exploring the option of repurposing vacant offices and commercial properties into residential units to address concerns about housing supply instability.

Korean Cinema Features Women-Led Thrillers
CultureKorea Herald2d ago

Korean Cinema Features Women-Led Thrillers

Korean cinema is increasingly showcasing women in leading roles, with recent films like 'Project Y' and 'The Woman in the White Car' featuring female protagonists in crime and mystery narratives.

Naver and Nvidia Partner to Build 200 MW AI Factory by 2028
BusinessKorea Herald2d ago

Naver and Nvidia Partner to Build 200 MW AI Factory by 2028

Naver Corp. and US chip giant Nvidia Corp. have agreed on a strategic partnership to jointly establish a massive, global artificial intelligence factory. The South Korean portal operator will lead the acquisition efforts for the 200 MW facility.

Korean Drama 'The East Palace' Gains Global Popularity
TechnologyKorea Herald4h ago

Korean Drama 'The East Palace' Gains Global Popularity

The Joseon-era mystery drama 'The East Palace,' starring Nam Joo-hyuk and Roh Yoon-seo, has achieved global success, reaching the No. 2 spot on Netflix's non-English TV chart. The series explores an investigation into spectral presences, weaving in history and folklore.

Micron and SK Hynix Stocks Plunge Amid Deepening Chip Sell-Off
BusinessYahoo19h ago

Micron and SK Hynix Stocks Plunge Amid Deepening Chip Sell-Off

Shares of memory chipmakers Micron and SK Hynix experienced significant declines, with Micron's stock falling 30% in July, as the broader chip market faces a deepening sell-off. This downturn has led some to question if current valuations present a buying opportunity.

SK Hynix Tokenized ADRs Gain Traction in Crypto Market
TechnologyKorea Herald2d ago

SK Hynix Tokenized ADRs Gain Traction in Crypto Market

Investor enthusiasm for SK hynix's newly listed American depositary receipts has extended into the crypto market, with tokenized products tracking the ADRs surpassing 100 billion won ($68 million) in combined market capitalization globally.

Celltrion to Announce Obesity Drug Milestones by Year-End
BusinessKorea Herald2h ago

Celltrion to Announce Obesity Drug Milestones by Year-End

Celltrion announced expectations for several key research and clinical milestones over the next year, including preclinical data for its next-generation obesity treatment due later this year. Initial clinical results for various oncology drug candidates are also anticipated.

South Korea Debates Culling Cats to Protect Birds
CultureKorea Herald3h ago

South Korea Debates Culling Cats to Protect Birds

A contentious debate has emerged in South Korea's animal welfare community regarding the culling of cats to control their population and protect birds, sparked by remarks from a birdwatcher and YouTuber.

New Leveraged ETFs for Samsung and SK Hynix Face Volatility
Businessbloombergmarketwatchchannel-news-asia+1seeking-alpha11h ago4 sources

New Leveraged ETFs for Samsung and SK Hynix Face Volatility

New single-stock leveraged ETFs linked to South Korean chipmakers Samsung and SK Hynix have been launched, offering investors amplified exposure to these companies. However, these ETFs are experiencing significant volatility, with some already facing substantial losses amid a deepening chip market downturn.

White Phosphorus Leaks at US Airbase in South Korea, Prompting Evacuations
Worldyle-uutisetrzeczpospolitan1-serbia+5Times of Indiaiefimeridajerusalem-postKorea Heraldnewsbeast16h ago8 sources

White Phosphorus Leaks at US Airbase in South Korea, Prompting Evacuations

A white phosphorus leak was reported at a US airbase in Pyeongtaek, South Korea, leading to the evacuation of buildings within the base and urging residents in nearby areas to evacuate as a precautionary measure.

Pedestrian Bridge Collapses in Pohang, South Korea
WorldKorea Herald23h ago

Pedestrian Bridge Collapses in Pohang, South Korea

Seventeen people were rescued after a pedestrian bridge connecting the mainland to an observation deck collapsed in Pohang, North Gyeongsang Province, South Korea, cutting off their only route back to shore.

Malaysian Man Arrested in South Korea for Fatal Stabbing
WorldKorea Heraldmalay-mail2d ago2 sources

Malaysian Man Arrested in South Korea for Fatal Stabbing

A Malaysian man has been arrested in South Korea in connection with the fatal stabbing of a fellow Malaysian national during a brawl. The body of the victim is set to be repatriated after documentation is completed.

South Korea to Overhaul Architect Licensing System by 2027
WorldKorea Herald2d ago

South Korea to Overhaul Architect Licensing System by 2027

South Korea will overhaul its architect licensing system, completing a 15-year transition to internationally aligned eligibility requirements, with new rules requiring five-year university or graduate school architecture programs starting in 2027.

Incheon Airport expects 3.77 million travelers in two weeks
WorldKorea Herald2d ago

Incheon Airport expects 3.77 million travelers in two weeks

Incheon International Airport Corp. forecasts approximately 3.77 million travelers will pass through the airport between July 25 and August 10, averaging about 222,000 passengers per day. This indicates a busy travel period for South Korea's largest airport.