Citibank Korea suggests voluntary retirement

Talk of early retirement arises for first time in 7 years in middle of sell-off

Hybe’s market value jumps on BTS’ new single ‘Butter’

‘Agency’s quarterly operating profit likely to reach W100b when boy band resumes touring‘

MKIF acquires 2 gas utilities for W798b

Macquarie Korea Infrastructure Fund, which is listed on the Korea Exchange, has agreed to acquire the full 100 percent stake of two gas utilities for a combined 798 billion won ($714 million), a disclosure showed on June 16. The gas utilities, Haeyang Energy and Seorabeol City Gas, distribute natural gas to ratepayers in South Jeolla Province and North Gyeongsang Province, respectively. MKIF said it has pinned hopes on an upshot in industrial usage of natural gas in line with South Korea&rsq

Korea Investment to fully compensate problematic funds losses

Korea Investment & Securities on Wednesday pledged to fully compensate the losses from problematic funds sold via the brokerage firm. “The decision came to protect financial consumers and restore our customers’ trust,” Jung Il-mun, chief executive officer of KIS told reporters during an online press briefing. “Both retail investors and institutional investors will be compensated for their losses.” The company sold 10 troubled funds, including Lime Fund, Disco

Korean-learning app Mypool sets sights on beating rivals

After growing up in poverty, CEO believes education can change lives

South Korean researchers first to discover cause of rare hearing loss

South Korean researchers became the world’s first to discover a gene variant that causes a rare type of hearing impairment whose origins had so far remained unknown. The newly identified gene will help doctors better treat patients with auditory neuropathy spectrum disorder, or ANSD, and to find out if their condition can be improved through surgery, according to Dr. Choi Byung-yoon, Seoul National University Hospital’s otorhinolaryngology professor who led the research. “O

Saemangeum to be mecca of green industries in Korea

New vision includes to become west coast tourist attraction

Kim Jun-su returns as red-haired Count Dracula

The musical “Dracula: The Musical” has been an all-time hit since it premiered in 2014 with Kim Jun-su, a former lead vocalist of the popular boy band TVXQ and now a veteran musical actor of 10 years, in the leading role. His hair dyed a bright red color again -- Kim’s signature look for his Count Dracula character -- the actor stood on the stage for the musical’s fourth season which kicked off on May 20 at the Blue Square in Seoul. The red-colored hair was intended to

S.Korea’s 2030 carbon emissions target ‘extremely’ challenging: Wood Mackenzie

South Korea aims to reduce carbon emissions 24.4 percent by 2030 compared to 2017, but the target appears to be “extremely” ambitious, according to energy consulting firm Wood Mackenzie on Tuesday. Prakash Sharma, Wood Mackenzie’s Asia Pacific head of markets and transitions, cited two reasons for the pessimism. “First, only 3 percent has been reduced in the last seven years. To reduce the remaining 20 percent over the next 10 years is extremely challenging,”

South Korea’s financial system at risk over fast-growing household debt

Nation’s debt-to-GDP ratio highest among advanced economies, report shows

KDB chief says SsangYong Motor's ‘cost-saving’ scheme not enough

Main creditor denies reports on pool of potential buyers, says sincere ones absent

Korean households getting smaller: 4 in 5 have fewer than four members

SEJONG -- The proportion of households in South Korea with fewer than four members has reached an all-time high, government data showed. According to the Ministry of Interior and Safety, the numbers of one-, two- and three-member households came to 9.21 million, 5.49 million and 4 million, respectively, in May. Collectively, these 18.71 million households made up 80.5 percent of the nationwide total, which was 22.22 million. This means only 1 out of every 5 households had four or more members