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South Korea: Police Raid Presidential Office, Ex-Minister Attempts Suicide
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Latest News from Korea
- Seoul Guarantee Insurance sharply cuts IPO valuation
(Courtesy of Getty Images) Seoul Guarantee Insurance Co. (SGI) has slashed its target valuation by about 40% in a renewed attempt to go public on the South Korean stock exchange. According to the prospectus it filed with the Financial Supervisory Service on Jan. 24, SGI is seeking to raise between 1.82 trillion-2.22 trillion won ($1.3 billion-1.5 billion) in an initial… Read more: Seoul Guarantee Insurance sharply cuts IPO valuation - Hanwha Ocean swings to profit, seeks 6 US Navy MRO projectsHanwha Ocean is a Korean warship builder Hanwha Ocean Co., a South Korean warship builder, said on Friday it swung to profit in 2024 for the first time in four years, driven by increased sales of high-value-added LNG carriers. A unit of chemicals-to-defense-business conglomerate Hanwha Group, Hanwha Ocean said it posted 237.9 billion won () in operating profit last year,… Read more: Hanwha Ocean swings to profit, seeks 6 US Navy MRO projects
- South Korean oil refiners to jointly build SAF plantSK Energy’s SAF production line was completed in 2024 (Courtesy of SK Energy) South Korea’s four major oil refining companies will jointly build a sustainable aviation fuel (SAF) plant in the country, for which the government may offer subsidies and tax cuts, according to industry sources on Friday. SK Innovation Co., GS Caltex Corp., S-Oil Corp. and HD Hyundai Oilbank… Read more: South Korean oil refiners to jointly build SAF plant
- AI agent Gentoo poised to revolutionize online shoppingGentoo introduction page (Courtesy of Waddle) South Korean artificial intelligence startup Waddle Corp. is gearing up to reshape the online retail industry with artificial intelligence-powered interactive personal shopping assistant Gentoo. “We want people to think that a world without Gentoo is unimaginable,” Park Jihyuk, the chief executive officer of Waddle, Gentoo’s developer, said in a recent interview with The Korea… Read more: AI agent Gentoo poised to revolutionize online shopping
- Kia hits record 2024 sales; profit margins highest among global automakersThe Kia EV9 on display at Incheon International Airport South Korea’s second-largest automaker Kia Corp. on Friday posted its highest-ever annual sales, operating profit and profit margins in 2024, driven by brisk sales of pricey SUVs and hybrid models. With its 11.8% annual profit margin, Kia became the highest earner per vehicle sold, putting its global rivals such as Tesla,… Read more: Kia hits record 2024 sales; profit margins highest among global automakers
Latest Entertainment from Korea
- K-Pop Star Haerin and Olympic Legend Kim Yuna Dazzle at Dior Beauty EventNewJeans member Haerin and Olympic figure skating champion Kim Yuna recently captured the spotlight at the Dior Lip Glow Pop-up store event at Shinsegae Gangnam. The two celebrities, both Dior brand ambassadors, made a stunning appearance together on January 21, 2025. 250124 Haerin and Kim Yuna for New 2025 Dior Lip Glow via ELLE Korea Instagram byu/everydayrobot613 inNewJeans The event,… Read more: K-Pop Star Haerin and Olympic Legend Kim Yuna Dazzle at Dior Beauty Event
- Chungha’s Musical Solace: A Journey of Comfort and CreativityK-pop soloist Chungha is set to make a triumphant return with her 5th EP album “Alivio”, scheduled for release on February 12th, 2025. The album’s title, which translates to “relief” in Spanish, promises a deeply personal musical exploration that hints at emotional depth and artistic growth. Fans are buzzing with excitement about Chungha’s comeback, with many noting the nostalgic feel… Read more: Chungha’s Musical Solace: A Journey of Comfort and Creativity
- Jennie’s Zen: A Visual and Musical Journey of Artistic Expression and an upcoming tourPhoto Credit: Photographer and Music Video Director Cho Giseok BLACKPINK’s Jennie has surprised fans with a stunning new music video for “ZEN”, a track from her upcoming debut solo album ‘Ruby’. The surprise release has captivated fans with its experimental visuals and unique artistic direction by photographer and director Cho Giseok. The music video has sparked enthusiastic reactions across social… Read more: Jennie’s Zen: A Visual and Musical Journey of Artistic Expression and an upcoming tour
- Low Hanging Fruits : Passion Of Various TypesPassion Of Various Types is Low Hanging Fruits’ first full length and first as a duo but there’s something missing here Written by Chris P for Korean Indie.
- BB GIRLS Set to Enchant Fans with “LOVE 2” ComebackK-pop sensation BB GIRLS is gearing up for their highly anticipated comeback with their second single, “LOVE 2,” and they’re leaving fans breathless with their stunning concept photos. The trio, known for their captivating visuals and powerful performances, has unveiled a series of enchanting images that showcase their growth and maturity since their last release. In the recently released… Read more: BB GIRLS Set to Enchant Fans with “LOVE 2” Comeback
Learn People & History of Korea
- The Resilience of the Korean Economy Through Global CrisesIntroduction to the Korean Economy The Korean economy has undergone a remarkable transformation since the end of the Korean War in 1953. Initially characterized by widespread destruction and poverty, the economy has evolved into one of the world’s most dynamic and resilient economies. The foundational stages of its development hinged on a series of strategic policies aiming at industrialization and… Read more: The Resilience of the Korean Economy Through Global Crises
- The Journey of Korean Immigrants: A History & Trends Outside the United States
Introduction to Korean Immigration Korean immigration has a rich and complex history that dates back to the late 19th century. The earliest significant wave of Korean migrants occurred during the 1900s, primarily driven by the socioeconomic upheaval and the political circumstances of the time. With Korea under Japanese colonial rule from 1910 to 1945, many Koreans sought refuge and opportunities… Read more: The Journey of Korean Immigrants: A History & Trends Outside the United States - The Journey of Korean Immigrants: Celebrating Korean American DayIntroduction to Korean Immigration The history of Korean immigration is marked by significant waves of migration driven by various socio-economic and political factors. The first substantial wave can be traced back to the early 20th century, particularly between 1903 and 1905, when numerous Koreans left their homeland for the United States, primarily seeking better economic opportunities and escaping the oppressive… Read more: The Journey of Korean Immigrants: Celebrating Korean American Day
- The Rise and Fall of Martial Law and Dictatorships in Korea: A Tale of People’s PowerIntroduction to Martial Law in Korea Martial law is a legal framework that enables the government to assume control and maintain order in times of crisis or emergency. It typically involves the suspension of ordinary law and the imposition of military authority over civilian governance. In Korea, the imposition of martial law has been a significant historical phenomenon, especially during… Read more: The Rise and Fall of Martial Law and Dictatorships in Korea: A Tale of People’s Power
- The Evolution of Korean Democracy: A Journey Through Suppression and ResistanceAncient Foundations of Korean Governance The early governance systems of Korea can be traced back to ancient states such as Gojoseon and the subsequent Three Kingdoms period, which laid a significant foundation for Korean democracy. Gojoseon, established around 2333 BCE, is recognized as the first Korean kingdom. Its political structure was characterized by a centralized governance system governed by a… Read more: The Evolution of Korean Democracy: A Journey Through Suppression and Resistance
