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Latest News from Korea
- Korean financial holding firms log record-high profits in 2024
Kookmin Bank’s branch in Yeouido South Korea’s top four financial holding firms are estimated to have posted their highest-ever profits in 2024, driven by hefty interest income after they raised lending rates despite the Bank of Korea’s interest rate cuts. Net profits at the four holding companies – KB Financial Group, Shinhan Financial Group, Hana Financial Group and Woori Financial… Read more: Korean financial holding firms log record-high profits in 2024 - Samsung set to rebuild with leader Lee cleared of all charges against himSamsung Group Chairman Jay Y. Lee gives a speech during a visit by US President Joe Biden to the chipmaker’s Pyeongtaek plant in 2022 Samsung Electronics Co. Chairman Lee Jae-yong was found not guilty of accounting fraud, stock manipulation and other criminal charges by a Seoul appeals court on Monday – a ruling that will remove long-running legal risks that… Read more: Samsung set to rebuild with leader Lee cleared of all charges against him
- Hyundai, Kia enjoy record January US sales on eco-friendly carsThe Hyundai Santa Fe Hybrid (File photo by Hyundai Motor America) South Korea’s top automaker Hyundai Motor Co. and its affiliate Kia Corp. saw their US sales in January rise to record highs thanks to the growing popularity of their eco-friendly models such as hybrids and electric vehicles. Hyundai said on Saturday its US sales increased 14.6% to 54,503 units… Read more: Hyundai, Kia enjoy record January US sales on eco-friendly cars
- Funding to Korean tech startups at 7-year low; seed-funding soarsRebellions founder and CEO Park Sung-hyun New funding to South Korean tech startups dropped to its lowest levels in seven years in 2024. But seed funding soared 142% led by semiconductor, healthcare and software platforms, data showed on Monday. Korean tech startups raised a total of $1.5 billion in 2024, down 60% from the year prior, according to market tracker… Read more: Funding to Korean tech startups at 7-year low; seed-funding soars
- Korean bakery giant SPC to build $160 mn US plant as tariff war escalatesSPC Group President Heo Jin-soo (third from the left, front row) and US officials pose for a photo after SPC concluded a deal to build a $160 million bakery palnt in Texas (Courtesy of SPC) SPC Group, the operator of South Korea’s largest bakery chain Paris Baguette as well as Paris Croissant, SPL, Dunkin and SPC GFS, is building a… Read more: Korean bakery giant SPC to build $160 mn US plant as tariff war escalates
Latest Entertainment from Korea
- Watersports J : For Slower LearnersWatersports J’s For Slow Learners is best experienced cold so don’t have any expectations and you’ll enjoy the journey Written by Chris P for Korean Indie.
- I:MOND Dazzles in Concept Photos for Upcoming Mini-Album “Under My”K-pop sensation I:MOND is set to captivate fans with their highly anticipated 1st mini-album, “Under My,” scheduled for release on February 14, 2025. The girl group, known for their unique blend of talent and charm, has unveiled stunning concept photos that showcase their versatility and artistic growth. The concept photos for “Under My” reveal a mesmerizing aesthetic, with the members… Read more: I:MOND Dazzles in Concept Photos for Upcoming Mini-Album “Under My”
- IVE’s Wonyoung Shines in Cosmopolitan Korea’s February Issue with Hapa Kristin CollaborationIVE’s Wonyoung has once again captivated fans with her stunning appearance on the cover of Cosmopolitan Korea’s February 2025 issue, featuring a collaboration with Hapa Kristin. The digital issue not only showcases Wonyoung’s beauty but also highlights her versatility as a model. In the pictorial preview, Wonyoung is seen sporting a striking blonde hairstyle, which has garnered significant attention from… Read more: IVE’s Wonyoung Shines in Cosmopolitan Korea’s February Issue with Hapa Kristin Collaboration
- Cha Eun Woo Captivates Fans with Elegant Pictorial in ELLE Korea’s February IssueCha Eun Woo, the charismatic member of the popular K-pop group ASTRO, has once again stolen the spotlight with his stunning appearance on the cover of ELLE Korea’s February 2025 issue. In this latest pictorial, Eun Woo exudes effortless elegance, showcasing a refined yet approachable style that has captivated both domestic and international fans. Sporting a chic and minimalist look,… Read more: Cha Eun Woo Captivates Fans with Elegant Pictorial in ELLE Korea’s February Issue
- april 28th : Moderate allergic loveapril 28th is another excellent example of how mid-west emo is thriving inside South Korea and a select set of artists Written by Chris P for Korean Indie.
Learn People & History of Korea
- 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
- 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
