Seven out of 10 South Koreans believe the government should only provide nonmilitary aid to Ukraine, a survey showed. In the survey of 1,000 people aged 18 or above conducted by Gallup Korea from June 21-23, 72 percent said the government of President Yoon Suk-yeol should only send medical, food and other nonlethal aid. Only 15 percent said the government should also provide weapons. Eight...

Apple reclaimed its title as the world’s most valuable brand, according to a survey from Kantar BrandZ, knocking rival Amazon off the top spot for the first time in three years. The iPhone maker’s brand value reached $947 billion this year, while Amazon slipped to third, according to Kantar’s survey published June 15. Apple was last ranked the most valuable brand in 2015. Louis Vuitton becam...

Hong Kong is the world’s most expensive city to live in as an expat for the second year in a row, according to a new study. New York and Geneva took second and third place in the rankings. Higher prices and a stronger currency over the past year kept the Asian city at the top of the tree, according to ECA International, which carried out its research in March this year. London and Tokyo round ...

More than 46,000 people reported losing a total of over $1 billion in cryptocurrency scams since the start of 2021, the US Federal Trade Commission said in a report. Nearly half the people who reported losing digital currencies in a scam said it started with an ad, post or a message on a social media platform, according to the FTC. The craze for cryptocurrencies was at a fever pitch last yea...

The number of executives at South Korea’s major firms expanded 4.5 percent on-year in the first quarter of the year despite the coronavirus pandemic, a corporate tracker said. A total of 353 leading companies in Asia’s fourth-largest economy had a combined 14,418 executives as of end-March this year, up from 13,803 a year earlier, according to the Leaders Index. The figure covers companies o...

The number of newly adopted South Korean children fell for the third consecutive year in 2021 amid the pandemic, government data showed. According to the Ministry of Health and Welfare, the number of new child adoptees reached 415 last year, down from 704 in 2019 and 492 in 2020. Officials attributed the decrease in adoption to the effects of COVID-19. Among the new adoptees, 189, or 45.5 pe...

Chinese people purchased nearly 7,000 buildings in South Korea last year, with more than half of the properties being in the Greater Seoul area, a ruling party lawmaker said. A total of 6,640 buildings, including apartments, were purchased by Chinese nationals last year, and 2,659 of them are located in Gyeonggi Province, which surrounds the capital city of Seoul, Chung Woo-taik, a lawmaker of...

South Korea's imports of home furnishing products hit an all-time high last year on the back of demand by stay-at-home consumers amid the COVID-19 pandemic, data showed. The imports of eight kinds of home furnishing goods, including sofas and lamps, came to $3.5 billion last year, up 15.6 percent from a year earlier, according to data from the Korea Customs Service. It rose 26.1 percent from...