A murder suspect fleeing from South Korean and Philippines' authorities has been apprehended in the Philippines capital Manila, South Korean police said Tuesday. According to the South Korean police agency, the suspect was spotted at a condo in Manilla on Monday. The suspect is a South Korean male in his 30s who fled to the Philippines after allegedly murdering his wife, a national of the Philip...

South Korean health care company Boryung has launched a global space initiative to advance human activities in space with industry-leading partners, the company said Tuesday. Boryung has joined hands with Axiom Space, a US commercial space station developer, and the Space Exploration Initiative, a research institute at the Massachusetts Institute of Technology, for the Humans in Space program. ...

South Korea’s privacy watchdog is gearing up to post new guidelines next month mandating user consent for personalized online ads hosted by advertisers in Korea. Under the proposed regulation, currently being drafted by the Personal Information Protection Commission, users would be obliged to opt in or out of personalized ads each time they navigate a new online page, regardless of login and mem...

SK Bioscience announced on Tuesday that its COVID-19 vaccine SKYCovione received approval from the UK Medicines and Healthcare products Regulatory Agency. SKYCovione has been approved for first and second primary series doses for adults aged 18 and over in England, Scotland and Wales, SK Bioscience added. SKYCovione is a recombinant antigen-based COVID-19 vaccine, jointly developed with the Ins...

South Korean stocks ended sharply higher Tuesday on a breakthrough in US debt ceiling negotiations. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index added 26.71 points, or 1.04 percent, to close at 2,585.52. Trading volume was moderate at 631.71 million shares worth 10.75 trillion won ($8.11 billion), with winners outpacing losers 454 to 410. Offsh...

As a first-generation Korean fashion designer, Songzio founder and Chairman Song Zio still does sketches and designs patterns – work he has been doing already for 30 years. Despite the pandemic that had kept people at home and led them to spend less on fashion, Songzio saw better-than-expected sales, recording 70 billion won ($53 million) in 2022. Song said creativity is behind the brand’s grow...

South Korea's travel trade balance deficit widened to a three-year high in the first quarter of 2023, as the number of Koreans departing for overseas travel surged amid eased COVID-19 restrictions. According to numbers from the Bank of Korea on Tuesday, the country's travel trade balance marked a $3.23 billion deficit in the first three months of the year, with travel revenue coming in at $3.08 ...

Over half of foreign subscribers claiming unemployment benefits last year were ethnic Koreans with Chinese nationality, data released by a lawmaker showed, despite them accounting for only a third of those paying in to the system. Foreign subscribers of all nationalities were less likely than Koreans to claim, and the disproportionate number of ethnic Korean claimants indicates visa status is on...

South Korea's semiconductor industry, which has been experiencing repeated downturns since August last year, is expected to revive in the latter half of the year, a Korean trade lobby group said on Tuesday. “I anticipate that our semiconductor industry will recover, reaching the level of the second quarter of last year by the fourth quarter. I expect that production cutbacks will be reversed and...

China appears to be feeling pressure of potential chip shortfall after banning US-based chipmaker Micron Technology from selling certain products to its market, and is calling for South Korean chipmakers to fill up the gap to meet its local chip demand, according to experts on Tuesday. Global Times, China’s state-run English media, said in an opinion piece on Monday it will be “natural” for Sout...

SK hynix said Tuesday that it has completed the development of the industry’s most advanced 10-nanometer technology-based DDR5 DRAM for servers and has entered a validation process together with US chip giant Intel. The latest fifth-generation DDR5 DRAM is the first of its generation being tested at the Intel Data Center Certified memory program for DDR5 products to run on Intel Xeon Scalable pl...

North Korea said Tuesday its military would launch its first-ever reconnaissance satellite in June to monitor in real time "hostile military activities" led by the US, amid a doubling down on joint military drills by South Korea and the US. In a statement by the North’s state media Korean Central News Agency, Ri Pyong-chol, vice chairman of the Central Military Commission of the ruling Workers’ ...

A joint venture project between Posco Future M and General Motors has secured 300 million Canadian dollars ($221 million) in funding from Canada to build an electric vehicles' battery materials plant. The provincial government of Quebec and the Canadian federal government on Monday announced the financial support plan to aid the joint venture project, named Ultium CAM, to construct the country's...

Hyundai Motor Group has reportedly recruited Kim Il-bum, a former presidential secretary, to strengthen its global public affairs competency, according to sources on Tuesday. Kim, who resigned from the presidential secretary position in March, is expected to begin working as an executive vice president at the auto giant in July. He is expected to help the company cope with challenging tasks amid...