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Seoul · SeoulKorean banks may face diminishing profitability due to mounting pressure to take on social responsibilities amid the country's slowing economic growth, a senior official at global credit appraiser Fitch Ratings said. Commercial banks, often criticized for making money from excessively high interest rates, are facing stronger pressure from local authorities to return a portion of profits to the provision of publi...See the Story
[Herald Interview] Korean banks’ earnings dilemma: More profits, more responsibility
100% Right coverage: 1 sources
Seoul · SeoulNorth Korea has installed land mines on an inter-Korean road within the Demilitarized Zone (DMZ) separating the two Koreas, a South Korean military official said Monday, the latest in a series of moves to shut down cross-border roads.See the Story
N. Korea installs mines on inter-Korean road within DMZ
Coverage: 2 sources
Seoul · SeoulThe Japanese government is stepping up pressure on South Korean portal giant Naver to sell off its stake in a joint venture that runs Line, the dominant messaging app in Japan, citing a data leak -- a controversial move that has sparked a wave of critical responses in Korea and is likely to complicate already complex bilateral ties between the two nations. Japan’s Ministry of Internal Affairs and Communications...See the Story
[Editorial] Japan’s pressure on Naver
100% Right coverage: 1 sources
Seoul · SeoulSouth Korea and Cuba have agreed to open diplomatic missions in each other's countries, Seoul's foreign ministry said Sunday, as a follow-up step to the establishment of their diplomatic relations earlier this year.See the Story
South Korea, Cuba agree to open diplomatic missions
Coverage: 2 sources
Seoul · SeoulThe number of farming households in South Korea fell below 1 million for the first time ever in 2023, and half of farmers were aged 65 or older, data showed. The number of farming households came to 999,000 as of December 2023, down 2.3 percent from a year earlier, according to the data compiled by Statistics Korea. It marked the first time that the figure has fallen below the 1 million mark since 1949 when the agency began compiling related dat…See the Story
[Graphic News] Korean farming households fall below 1m for first time in 2023
100% Right coverage: 1 sources
Seoul · SeoulSouth Korea's leading telecom carrier, KT Corp., announced Sunday that the company will introduce new 5G mobile plans for foreign national residents starting Monday. “KT decided to introduce new mobile plans as there are not enough plans specifically for foreigners despite the increasing number of foreign residents in the country,” KT said. According to the Ministry of Justice, the number of long-ter...See the Story
KT launches new mobile plans for foreign residents
100% Right coverage: 1 sources
Seoul · SeoulMin Hee-jin, CEO of Ador (a subsidiary of Hybe) has accused Hybe and its other subsidiary Belift Labs of plagiarism over the similarity between supergroup NewJeans (Ador) and new girl group Illit (Belift Labs). In turn, Hybe has asked Min Hee-jin to step down and has accused her of “breach of trust” in its press release. To any casual K-pop fan familiar with both groups, there is little doubt that Illit&r...See the Story
[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
100% Right coverage: 1 sources