General

BIFF 2024: expanded film slate, new documentary award, tributes to Lee Sun-kyun

The period drama “Uprising” will open this year’s Busan International Film Festival (BIFF) early next month, the organizer said Tuesday. Starring Gang Dong-won and Park Jeong-min, “Uprising,” set in the Joseon Dynasty (1392-1910), tells the story of two men who grew up together — one as a master (Park) and the other as a servant (Gang) — who reunite as

Prosecutor general nominee vows ‘necessary action’ over conflict of interest controversy

Prosecutor General nominee Shim Woo-jung pledged Tuesday to take “necessary action” if needed in response to an alleged conflict of interest involving his brother’s stint at Kakao Corp., which is currently under prosecution investigation for suspected stock manipulation. Shim’s nomination last month has sparked speculation that his younger brother Woo-chan’s current role on Kakao’s control tower board could create a

(LEAD) Gov’t designates Oct. 1 Armed Forces Day as temporary holiday

The government on Tuesday designated Armed Forces Day on Oct. 1 as a temporary holiday this year to boost troop morale and domestic consumption. A motion to designate the holiday was passed during a Cabinet meeting and will be sent to President Yoon Suk Yeol for approval. The designation, which came at the request of the ruling People Power Party,

(EDITORIAL from Korea Herald on Sept. 3)

Yoon administration fails to grasp worsening economic conditions President Yoon Suk Yeol said in a televised briefing Thursday on state affairs that the South Korean economy is on a clear path for recovery and is set to take off in a big way in the future, painting a rosy picture. The next day, however, Statistics Korea data showed that the

S. Korean Bond Yields on Sep. 3, 2024

Today (%) Previous Session(%) Change (BP) 1-year TB 3.056 3.063 -0.7 2-year TB 3.088 3.091 -0.3 3-year TB 2.981 2.989 -0.8 10-year TB 3.120 3.121 -0.1 2-year MSB 3.041 3.051 -1.0 3-year CB (AA-) 3.545 3.542 +0.3 91-day CD 3.510 3.520 -1.0 Source: Yonhap News Agency

SK hynix is developing next-generation HBM chips: executive

K hynix Inc., the world’s second-largest memory chipmaker, is developing next-generation high bandwidth memory (HBM) products to meet booming global demand for artificial intelligence and higher performance computing, a senior executive said Tuesday. “Demand for improvement in memory bandwidth is increasing following a spike in data traffic in the era of AI and high-performance computing,” Lee Kang-wook, head of package

N. Korea earned over US$6 bln through illicit activities over past 7 years: report

North Korea is estimated to have earned more than US$6 billion through hacking and other illicit activities over the past seven years despite facing heavy international sanctions, a state-run think tank report showed Tuesday. North Korea’s income through illegal activities from 2017 to 2023, such as smuggling out coal, reached a total of $6.29 billion, according to the report from

Top headlines in major S. Korean newspapers

The following are the top headlines in major South Korean newspapers on Sept. 3. Korean-language dailies — National Assembly kicks off without Yoon’s attendance (Kyunghyang Shinmun) — 5 major lenders extend household loans by record clip in Aug. (Kookmin Daily) — Yoon skips parliamentary opening; 1st time since democracy began in 1987 (Donga Ilbo) — ERs in emergency mode; Chuseok