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IOC President Calls Yoon and Gives ‘Respectful and Deep Apology’, Yoon ‘Requests Apology Given via All Channels and Recurrences Prevented’
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Latest News from Korea
- Hanwha wins $1.6 bn order to build 6 container ships for Evergreen
Hanwha Ocean CEO Kim Hee-chul (right) and Evergreen Chairman Chang Yen-I pose for a photo after signing a contract to build six LNG dual-fuel ultra-large container ships Hanwha Ocean Co., a leading South Korean shipbuilder, said on Monday it has won a 2.33 trillion won ($1.61 billion) order to build six eco-friendly, ultra-large 24,000 TEU LNG dual-fuel container ships from… Read more: Hanwha wins $1.6 bn order to build 6 container ships for Evergreen - Krafton invests in 10 overseas game startups in 2024Player Unknown’s Battlegrounds (PUBG) generates about 80% of Krafton’s revenue Krafton Inc. invested in 10 overseas game developers in 2024 in search for next big franchise intellectual property (IP), following its mega-hit title “PUBG: Battlegrounds.” According to game industry sources on Monday, Krafton became a major shareholder in the US-based Varacious Games with the investment of 4.6 billion won ($3.2… Read more: Krafton invests in 10 overseas game startups in 2024
- Samsung in ‘do or die’ situation’; Lee sounds crisis alarmSamsung Electronics Chairman Lee Jae-yong, also widely known by his English name Jay Y. Lee Samsung Electronics Co. Chairman Lee Jae-yong has warned the company’s executives that the South Korean tech giant has “lost Samsung Spirit, a characteristic defined as relentlessness and urged them to overcome the current crisis with a “do-or-die” attitude. “Samsung faces a question of survival,” Lee… Read more: Samsung in ‘do or die’ situation’; Lee sounds crisis alarm
- Korea’s NPS to buy stake in Australia’s Metrics for alternative investmentsNPS Seoul office (File photo by Eun-Koo Kang) South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, agreed to buy a stake in Australia’s asset manager Metrics Credit Holdings Pty Ltd. to expand alternative investments. The NPS and US real estate asset manager Townsend Group agreed to purchase a 4.17% stake in Metrics for A$50 million ($31.6 million),… Read more: Korea’s NPS to buy stake in Australia’s Metrics for alternative investments
- MBK chairman to leverage own funds to pay Homeplus suppliersMichael ByungJu Kim, co-founder, partner and chairman of MBK Partners Michael ByungJu Kim, co-founder, partner and chairman of Northeast Asia-focused private equity firm MBK Partners Ltd., is expected to leverage personal wealth to pay suppliers to Homeplus Co., South Korea’s major retailer under court protection. “Chairman Kim will come up with a financial support plan to pay small and medium-sized… Read more: MBK chairman to leverage own funds to pay Homeplus suppliers
Latest Entertainment from Korea
- IVE Wonyoung Shines on DAZED Korea April 2025 Cover in Iconic Miu Miu StyleIVE’s Wonyoung has once again captured the spotlight, gracing the cover of DAZED Korea‘s April 2025 issue in collaboration with luxury fashion brand Miu Miu. The young idol, known for her elegance and versatility, effortlessly embodies the brand’s chic yet playful aesthetic, making this cover a standout moment in her burgeoning career. The cover shoot showcases Wonyoung adorned in signature Miu… Read more: IVE Wonyoung Shines on DAZED Korea April 2025 Cover in Iconic Miu Miu Style
- TXT Takes Center Stage: Unveiling the April 2025 Issue of GQ KoreaPhoto Credits: GQ KoreaBigHit MusicVirgin Music (Japan)Republic Records (US) In the vibrant world of K-pop, few groups have captured the hearts of fans as swiftly as TOMORROW X TOGETHER, affectionately known as TXT. This talented quintet has been making waves globally with their unique sound and captivating performances. Recently, they have taken their charm to the pages of GQ Korea, gracing the… Read more: TXT Takes Center Stage: Unveiling the April 2025 Issue of GQ Korea
- JUNGBI : DiaryJUNGBI is a solid ballad indie pop EP that presents everything you need to know about her but there could be more variety Written by Chris P for Korean Indie.
- MEOVV Dazzles in Colorful Spread for W Korea’s 2025 Spring IssueK-pop sensation MEOVV is set to grace the cover of W Korea’s upcoming Vol. 4 issue, scheduled for release on March 27, 2025. The highly anticipated magazine features an extensive 50-page pictorial and interview with the charismatic artist, promising fans a vibrant visual feast. The concept for this spring edition revolves around a playful exploration of colors, aptly titled “Colorful:… Read more: MEOVV Dazzles in Colorful Spread for W Korea’s 2025 Spring Issue
- Short Stuff 50 : Wona, HEDA, Gae Ddong, sucozy, Precocious NeophyteA couple of new discoveries but a welcome return listen to HEDA, sucozy, and Precocious Neophyte round out Short Stuff 50 Written by Chris P for Korean Indie.
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
