Namwon's Gwanghallu Pavilion named a national treasure

Gwanghallu Pavilion in Namwon, North Jeolla Province (Korea Heritage Service) The Korea Heritage Service designated Gwanghallu Pavilion in Namwon, North Jeolla Province, as a national treasure on Wednesday — its…

US-bound parcel costs surge up to 32% after Korea Post rate hike

An employee at Gwanghwamun Post Office in Seoul weighs a letter on Tuesday, a day before domestic postal rates were raised for the first time in five years. (Yonhap) Korea…

KCCI deepens Korea-US ties through USFK job platform

Chey Tae-won (left), chairman of the Korea Chamber of Commerce and Industry, and James Heller, charge d’affaires ad interim at the US Embassy in Seoul, pose for a photo at…

Seoul shares dip over 2% on tech losses amid Iran deal uncertainty

An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Wednesday. (Yonhap) South Korean stocks ended by more…

Samsung, Shinhan join Open USD stablecoin network

(Screenshot of Open Standard website) Korean financial institutions have joined a global consortium backing Open USD, a new dollar-pegged stablecoin aimed at business payments and cross-border transactions. Open Standard, the…

Chip boom drives S. Korea into $100b monthly export club

S. Korea becomes fourth country to reach global export milestone, following Germany, China, US A hazy view of Busan Port Terminal on Wednesday, amid monsoon rain (Yonhap) South Korea’s exports…

Atletico Madrid expands into Korean market as Lee Kang-in move nears

South Korea’s Lee Kang-in (front) dribbles the ball against South Africa at the World Cup, in Monterrey, Mexico, June 24. (Yonhap) Atletico Madrid has launched a major push into the…

Who rules Kospi? Samsung, SK hynix locked in battle for No. 1

AI memory boom is reshaping investor perceptions of Korea’s two chip giants Samsung Electronics (left) and SK hynix logos (Yonhap) Samsung Electronics’ 26-year reign as the benchmark Kospi’s most valuable…

SK, KKR to launch Korea's largest renewable energy company

SK headquarters in Seoul (SK Inc.) SK Inc. said Wednesday it will partner with US private equity firm KKR to launch South Korea’s largest renewable energy company, consolidating group-wide clean…

US Embassy celebrates 250th anniversary of American independence in Seoul

Foreign Minister Cho Hyun (first from left) and James Heller, charge d’affaires ad interim at the US Embassy in Seoul (second from left), salute the US flag during a reception…