South Korean home appliances giant LG Electronics is aiming to cement its presence in India, going for an initial public offering in the country, where the firm is a leader in the premium TV and air conditioner market. On Friday, the company’s Indian arm filed for an IPO with the Securities and Exchange Board of India, a draft red herring prospectus from the company showed. LG Electronics, the parent company that fully owns the Indian entity, will sell 101.8 million shares, accounting for

Seoul shares closed down for a third straight session Friday as investors await the result of an impeachment vote against President Yoon Suk Yeol on Saturday over his botched martial law attempt. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 13.69 points, or 0.56 percent, to close at 2,428.16. This week, the index lost 1.1 percent. Trade volume was moderate at 620.82 million shares worth 10.48 trillion won ($7.4 billion), with losers outpacing wi

Korean Air announced on Friday that it has earned the prestigious Best Airline Onboard Service title at the Global Traveler 2024 GT Tested Reader Survey Awards. The airline's Skypass loyalty program also received recognition, winning the Best Frequent-Flyer Award Redemption category. Additionally, Korean Air ranked highly in several other categories, including second place for Best First-Class Seat Design and third place for Best Airline Cuisine, Best Business-Class Seat Design, Best Flight

A North Korean defector who escaped the communist state with eight other members of his family last year has died, a fellow defector said through his YouTube channel Thursday. Kim Yi-hyeok, who made headlines in May 2023 with the dramatic escape, died in a sea diving accident on Wednesday, another defector, Lee Cheol-eun, said on an online community. "The tragic news of Kim Yi-hyeok, who left repressive North Korea and only had happy days to live in democratic South Korea, breaks my heart

Seoul shares closed lower for a second straight session on Wednesday as President Yoon Suk Yeol faces an impeachment vote this weekend following his botched declaration of martial law. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 22.15 points, or 0.90 percent, to close at 2,441.85. Trade volume was moderate at 502.49 million shares worth 9.29 trillion won ($6.56 billion), with losers far outpacing winners 724 to 175. Foreigners sold a net 319.19

K-pop icon G-Dragon's latest song, "Home Sweet Home," has been ruled unsuitable for broadcast by the state-run Korean Broadcasting System. The song violated Article 46 of the broadcasting review regulations, which prohibits content with advertising effects, including lyrics that reference specific product brands, KBS said Wednesday. While KBS did not detail the exact lyrics, the song’s mention of "Airbnb," a global online marketplace for homestays and experiences,

South Korea was thrust into a dramatic political crisis Tuesday night amid President Yoon Suk Yeol's unexpected declaration of martial law. The rapidly unfolding situation, which developed over approximately six hours, exposed shortcomings in media coverage as major broadcasters struggled to respond in real time. While Yonhap News TV and Seoul Broadcasting System were among the few outlets to provide immediate live coverage of the martial law declaration, others lagged behind. The state-run

Multinational companies doing business in Korea were thrown into confusion overnight as President Yoon Suk Yeol declared martial law, a drastic decision that was rescinded just six hours later. Most firms swiftly responded by issuing emergency notices, instructing employees to work remotely, while their headquarters closely monitored the situation by directing their Korean teams to report on the potential ramifications. "We stayed up all night monitoring fluctuating exchanges rates," s

Korean Air Co. said Tuesday it will finalize its acquisition of a controlling share in rival Asiana Airlines Inc. next week, completing the merger deal between South Korea's leading carriers that has been sought over the past four years. Korean Air said it will invest 1.5 trillion won ($1.07 billion) in a third-party share issuance by Asiana Airlines on December 11 to acquire about 131.57 million new shares, or a 63.9 percent stake, in the rival carrier. The move is the final step in the

SEOUL, Dec. 3 (Yonhap) -- Kim Ye-ji, an Olympic shooting silver medalist who went viral during the Paris Summer Games, has been included on the BBC's list of the 100 most influential and inspirational women this year. The British broadcaster announced its annual list of remarkable women Tuesday under the theme of "resilience" this year, which also included fellow South Korean Park Soo-bin, founder of Stair Crusher Club, a project on wheelchair accessibility. "Charisma and s

Joint Chiefs of Staff Chairman Adm. Kim Myung-soo visited the Army's 1st Corps and an air defense post near the North Korean border Tuesday to review their readiness against potential provocations. Addressing the troops at the 1st Corps in Goyang, north of Seoul, Kim stressed to the need to maintain vigilance against the risk of provocations during the year-end and New Year period, and instructed military personnel to respond decisively and effectively against provocations. During inspectio

LG CNS plans to incorporate Smart Building Technology into SomeraRoad U.S. real estate development projects to enhance their value Utilizes the proprietary 'Cityhub Building' platform to develop data-driven smart buildings Delivers unique digital transformation (DX) solutions including blockchain-based mobile access card and smart pole SEOUL, South Korea, Dec. 3, 2024 /PRNewswire/ -- LG CNS, a leading digital transformation (DX) company, announced its entry into the DX technology secto

NCT Dream successfully wrapped up its third world tour with all seven members onstage, including Renjun who returned from hiatus. The final performance of "The Dream Show 3: Dream Scape Finale in Seoul" took place Sunday at the Gocheok Sky Dome in Seoul. Throughout the three-show finale concert series, which ran from Friday to Sunday, a total of 60,000 fans attended, showcasing the group’s immense popularity. As the central stage screen opened like a massive door and the members

LG Electronics said Monday it is teaming up with the Ministry of Trade, Industry and Energy to expand exports of its cooling solutions for data centers powering AI. The large-scale cooling systems, called chillers, are in high demand as thermal management becomes crucial for operating massive data centers. According to LG, Industry Minister Ahn Duk-geun visited LG’s chiller plant in Pyeongtaek, Gyeonggi Province, earlier in the day and pledged the ministry’s full support to boost t

Spray-type bubble cleansers used by children during bath time have been found to pose fire and explosion risks due to their use of liquid petroleum gas as a propellant, according to a report released Friday. A joint investigation by the Korea Consumer Agency and the Korea Gas Safety Corp. revealed that all 40 bubble cleanser products for children tested were found to use LPG as a propellant. It didn’t disclose the names of the products. When used in enclosed spaces like bathrooms, the gas,