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Loans from high-interest second-tier lenders soar amid tight lending rules
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Latest News from Korea
- EQT acquires controlling stake in Remember, Korea’s answer to LinkedIn
Remember & Company operates Korea’s most popular business card and networking app Sweden’s EQT Partners, one of Europe’s largest private equity firms, has signed a deal to acquire Remember & Company, the operator of a fast-growing South Korean career networking platform, as it seeks to cement a foothold in Asia’s online professional services market. Investment banking industry sources said on… Read more: EQT acquires controlling stake in Remember, Korea’s answer to LinkedIn - K-pop Demon Hunters’ OST holds No. 2 on Billboard 200; Golden eyes Hot 100 top spotK-pop Demon Hunters (Photo courtesy of Netflix) The original soundtrack (OST) to Netflix’s animated feature K-pop Demon Hunters has held its No. 2 position on the Billboard 200 for a second consecutive week, while its lead single Golden” is making a strong bid for the top of the Billboard Hot 100. Billboard’s Aug. 16 Billboard 200 Top 10 preview, released… Read more: K-pop Demon Hunters’ OST holds No. 2 on Billboard 200; Golden eyes Hot 100 top spot
- Hyundai overtakes Volkswagen as world’s No. 2 profitable carmakerHyundai Motor Co.’s sport utility vehicles – the Kona (from left), the Tucson and the Santa Fe (File photo by Hyundai Motor Group) Hyundai Motor Group overtook Volkswagen Group as the world’s second most profitable carmaker in the first half, indicating the leading South Korean automaker may have coped with US President Donald Trump’s tariffs better than the German rival.… Read more: Hyundai overtakes Volkswagen as world’s No. 2 profitable carmaker
- Korea’s YNCC at default risk on owners’ conflict amid petrochemical slowdownYeochun NCC (YNCC) Co., South Korea’s major petrochemical producer, is facing a default risk as its owners disagree over capital injections amid the industry’s persistent downturn. YNCC is expected to suffer a shortfall of about 310 billion won ($222.8 million) by later this month due to sustained losses and a deteriorating financial structure amid the prolonged slowdown in the petrochemical… Read more: Korea’s YNCC at default risk on owners’ conflict amid petrochemical slowdown
- Korea’s YNCC at default risk on owners’ conflict amid petrochemical slowdownYeochun NCC (YNCC) Co., South Korea’s major petrochemical producer, is facing a default risk as its owners disagree over capital injections amid the industry’s persistent downturn. YNCC is expected to suffer a shortfall of about 310 billion won ($222.8 million) by later this month due to sustained losses and a deteriorating financial structure amid the prolonged slowdown in the petrochemical… Read more: Korea’s YNCC at default risk on owners’ conflict amid petrochemical slowdown
Latest Entertainment from Korea
- CORTIS Unleashes Youthful Energy with ‘GO!’ Music Video: Meet BIGHIT MUSIC’s Bold Next Boy GroupPhoto Credits: BIGHIT MUSIC CORTIS, the newest boy group from BIGHIT MUSIC, has set the K-pop world abuzz with the release of their vibrant music video “GO!” and the promise of a new era defined by creativity and youthful energy. Nearly six years after the debut of TXT, BIGHIT MUSIC returns with a fresh vision—a collective of five talented teens… Read more: CORTIS Unleashes Youthful Energy with ‘GO!’ Music Video: Meet BIGHIT MUSIC’s Bold Next Boy Group
- Nayeon Embodies Next-Gen Style in GROVE’s Breakthrough Brand Ambassador PartnershipPhoto Credits: GROVE Fashion. JYP Entertainment TWICE’s Nayeon has been appointed as the new Ambassador of the emerging fashion brand GROVE, a partnership that marks not only a significant move for the label but also a dynamic moment in Nayeon’s expanding career. Known globally as a member of TWICE, one of K-pop’s most influential girl groups, Nayeon brings her signature… Read more: Nayeon Embodies Next-Gen Style in GROVE’s Breakthrough Brand Ambassador Partnership
- Whee In Launches Her First Solo Asia Fan-Con Tour ‘OWHEECE’ with a Chic Office-Inspired Concept and Exclusive DatesPhoto Credits: Around US Entertainment 2025 marks a major milestone for Whee In, the celebrated MAMAMOO vocalist, as she embarks on her first-ever fan concert tour named “2025 WHEE IN FAN-CON TOUR [OWHEECE].” This highly anticipated Asia tour kicks off in Seoul at the YES24 Live Hall on September 13 and 14 before continuing to other major Asian cities including… Read more: Whee In Launches Her First Solo Asia Fan-Con Tour ‘OWHEECE’ with a Chic Office-Inspired Concept and Exclusive Dates
- ITZY Announces Exciting 4th Fan Meeting with First Tokyo Dates and Retro-Themed Teaser PostersPhoto Credits: JYP Entertainment. Warner Music Japan ITZY is set to deepen their connection with fans through their highly anticipated 4th official fan meeting titled “ITZY MIDZY, LET’S FLY! ON AIR,” marking a special milestone as it includes their first-ever fan meeting in Japan since their debut. The event will unfold in two major cities, Seoul and Tokyo, offering a… Read more: ITZY Announces Exciting 4th Fan Meeting with First Tokyo Dates and Retro-Themed Teaser Posters
- TWICE’s Empowering ‘THIS IS FOR’ MV and Album: A New Era Begins [Music Video]Photo Credit: JYP Entertainment A Fresh Chapter TWICE, the phenomenally popular K-pop group, dropped the music video for their latest title track “THIS IS FOR” on (July 11, 2025). This release coincided with the launch of their fourth full-length Korean studio album, also titled ‘This Is For,’ marking their first major Korean-language album since 2021’s “Formula of Love: O+T=<3”. The… Read more: TWICE’s Empowering ‘THIS IS FOR’ MV and Album: A New Era Begins [Music Video]
Learn People & History of Korea
- The Evolution of Busan: A Historical Journey Through South Korea’s Second Largest Metropolitan CityAncient Beginnings: The Founding of Busan Busan, known as the second largest metropolitan city in South Korea, has a rich history that dates back to ancient times. The earliest recorded existence of Busan can be traced to the Goryeo Dynasty, where it was referenced as a vital coastal settlement. Its strategic location along the southeastern coast of the Korean Peninsula… Read more: The Evolution of Busan: A Historical Journey Through South Korea’s Second Largest Metropolitan City
- The Evolution of Pyongyang: A Journey Through History, Economy, and Political DynamicsIntroduction to Pyongyang Pyongyang, the capital city of North Korea, serves as a prominent symbol of the nation’s history and culture. Geographically located on the banks of the Taedong River, in the southwest part of the country, Pyongyang is situated within a strategic area that has historically facilitated trade and cultural exchange. The city’s origins can be traced back to… Read more: The Evolution of Pyongyang: A Journey Through History, Economy, and Political Dynamics
- The Evolution of Seoul: From Ancient Korea to Modern Metropolis and BeyondAncient Beginnings: The Founding of Seoul The city of Seoul, known today as the vibrant capital of South Korea, has ancient roots that trace back to the Three Kingdoms period of Korea, specifically the kingdoms of Baekje and Silla. Evidence suggests that Seoul was originally established as a settlement given its strategic geographical advantages. Nestled within the Han River basin,… Read more: The Evolution of Seoul: From Ancient Korea to Modern Metropolis and Beyond
- Exploring Korean Traditional Games in Squid Game: From Season 2 to Upcoming Season 3Introduction to Korean Traditional Games Korean traditional games have long been an integral part of the country’s cultural landscape, offering more than mere entertainment. These games, which range from simple children’s pastimes to complex community activities, hold significant cultural significance and often serve as a means of preserving history and promoting social interaction. Rooted in centuries of tradition, these games… Read more: Exploring Korean Traditional Games in Squid Game: From Season 2 to Upcoming Season 3
- Unveiling the Past and Present of Saju: The Art of Korean Fortune TellingIntroduction to Saju Saju, a traditional Korean fortune-telling practice, is an intricate art that seeks to interpret an individual’s fate based on their birth date and time. The term “Saju” translates to “four pillars” in English, referring to the four critical components derived from these time markers: year, month, day, and hour. This method holds significant cultural value within South… Read more: Unveiling the Past and Present of Saju: The Art of Korean Fortune Telling
