Gains in LG's market capitalization have been the highest among major companies.

With Chairman Koo Kwang-mo at the helm, the South Korean conglomerate LG has been able to outpace its larger competitors Samsung, SK, and Hyundai Motor in terms of overall market value growth over the past year thanks to its focus on change, innovation, and the development of new growth engines. ...

Netflix South Korean drama The Fabulous, starring Chae Soo-bin and Minho, which is a shallow story about the fashion industry that needs some alterations.

When high culture and high jinks meet, the result is incandescent. Starring Chae Soo-bin and Minho of the K-pop boy band Shinee, The Fabulous is a drama about young professionals. This new Netflix original series follows in the footsteps of Sex and the City in its emphasis on hedonism and materia...

North Korea launches 130 artillery projectiles into the eastern and western "buffer zones": The South Korean military

North Korea launched 130 artillery projectiles into eastern and western marine "buffer zones" on Monday, in breach of a 2018 bilateral military agreement, according to Seoul's defense authorities, during live-fire drills between South Korea and the United States in a border region.<...

More missiles are launched into the ocean by North Korea

According to South Korean and Japanese officials, North Korea has fired another missile into the waters off the east coast of the Korean Peninsula, further increasing tensions in the area amid a series of exhibitions of military power this week.

North Korea has fired six rounds of weapo...

Massive blast at a South Korean airbase

The South Korean airbase closest to the border with North Korea has been the site of a devastating explosion.

Videos posted online on Wednesday show massive fires above the Gangneung Air Base, located roughly 170 kilometers northwest of Seoul.

First accounts place the blame on...

United States Defense Secretary & South Korean Defense Minister Meet in Seoul

Highlights

• 53rd Security Consultative Meeting at South Korea on December 2, 2021.

North Korea's missile and weapons developments are increasingly posing a threat.  The agenda behind the security meeting between U.S. Defense Secretary & ...

S. KOREAN STOCKS END LOW OVER DUMPING OF LOCAL SHARES

Highlights –

• S. Korean stocks end low over dumping of local shares.
• The benchmark Korea Composite Stock Price Index (KOSPI) dropped 47.77 points.
• Samsung Electronics stocks fell down 1.48 percent to 80,000 won.
• Naver stocks...

LG ELECTRONICS SAW NET PROFIT OF $1.05 BILLION IN Q1 2021

Highlights –

• LG Electronics saw net profit of $1.05 billion in Q1 2021.
• Its operating profit also rose 39.1 percent to 1.51 trillion won in Q1.
• On Thursday, shares in LG fell 1.22 percent to 162,000 won on the Seoul bourse.

S. KOREA IS CURRENTLY DEVELOPING ITS OWN COVID-19 VACCINE

Highlights –

• S. Korea is currently developing its own COVID-19 vaccine.
• S. Korea secured COVID-19 vaccines for 79 million people from global pharmaceutical companies.
• Phase 3 clinical trials of a homegrown vaccine could take place at ...

BTC LOSES KIMCHI PREMIUM LOSS BY 6%; WILL NOT IMPACT BTC GLOBALLY

Highlights:

•        South Korean exchange Upbit suspended withdrawals leading to the drop in the Kimchi Premium

•        Whales have reportedly been dropping coins in the South Korean exchanges

SBS ANNOUNCES CANCELLATION OF DRAMA “JOSEON EXORCIST” OVER CONTROVERSY

Highlights –

• SBS announces cancellation of drama “Joseon Exorcist” over controversy.
• The drama has been accused of distorting Korean history.
• The production house had already paid for the series’ TV rights.

S. KOREAN ECONOMY IS ESTIMATED TO RANK 10TH IN THE WORLD IN 2020

Highlights –

• S. Korean economy is estimated to rank 10th in the world in 2020.
• OECD said the nominal GDP of the country was estimated at around $1.62 trillion in 2020.
• S. Korea’s nominal GDP is said to be slightly higher than th...

MOTHERS IN SOUTH KOREAN ARE ACTIVELY INVESTING IN BTC

Highlights:

•             The investor demographics have changed drastically since 2017

•             Women investing in BTC now are between the ag...

S. KOREAN PM URGES NATIONAL ASSEMBLY TO PASS THE LATEST EXTRA BUDGET PROPOSAL

Highlights –

• S. Korean PM urges National Assembly to pass the latest extra budget proposal.
• The government has submitted a 15 trillion won (US$13.2 billion) supplementary budget plan.
• The latest round of budget plan is to provide reli...

HYUNDAI MOTOR’S IONIQ 5 PREORDERS EXCEED 23,000 UNITS

Highlights –

• Hyundai Motor’s IONIQ 5 preorders exceed 23,000 units.
• The company’s first model embedded with Hyundai Motor Group’s own EV-only E-GMP received 23,760 unit preorders.
• Hyundai revealed the IONIQ 5 midsize...

S. KOREA’S RETAIL SALES ROSE BY 6 PERCENT IN JANUARY

Highlights –

• S. Korea’s retail sales rose by 6 percent in January.
• Due to the pandemic more consumers purchased daily necessities from online stores.
• In January, combined sales of 26 major offline and online retailers reached 12...

S. KOREAN FINANCE MINISTRY LIKELY TO SUBMIT EXTRA BUDGET PROSPOSAL

Highlights –

• S. Korean finance ministry likely to submit an extra budget proposal.
• Finance Minister Hong Nam Ki has instructed officials to do the same by next week.
• The govt. and the ruling Democratic Party may surpass the budget by ...

S. KOREA’S HOUSEHOLD CREDIT GREW BY $1.55 TRILLION IN Q4 2020

Highlights –

• S. Korea’s household credit grew by $1.55 trillion in Q4 2020.
• Mortgage loans rose by 20.2 trillion won on-quarter to 910.6 trillion won in Q4.
• Loan demand to buy stocks also rose due to the country's bull stock...

TESLA SOUTH KOREA LAUNCHED SUV MODEL Y ON FRIDAY

Highlights –

• Tesla South Korea launched SUV Model Y on Friday.
• The Model Y will be available in 3 trim levels in the country.
• The S. Korean govt. will give the full amount of subsidies to an electric car priced below 60 million won.

POSCO TO PRODUCTE LITHIUM IN A SALT LAKE IN ARGENTINA IN 2023

Highlights –

• POSCO to produce lithium in a salt lake in Argentina in 2023.
• The steelmaker completed its demo plant near the Salar del Hombre Muerto salt lake in Argentina.
• The salt lake is said to contain 13.5 million tons of lithium ...