News

South Korea’s president announced the full rollout of a government price ceiling on oil products on March 13, with the measure aimed at stabilizing domestic fuel costs amid volatile global markets. President Lee Jae-myung spoke at a Cheong Wa Dae senior aides meeting and urged citizens to report any

Apple marked its impending 50th anniversary with a commemorative letter from Chief Executive Tim Cook, reflecting on the company’s half-century of innovation and the enduring “Think Different” ethos that has guided its work. The message was posted on Apple’s official site as part of the milestone celebration. Cook’

KAIST said on March 13 that President Lee Kwang-hyeong will continue to perform the duties of the presidency as acting head until a new president is appointed, following his earlier resignation announcement. Lee had offered to resign after the university’s board rejected the plan to appoint a next president

Netmarble will host an online showcase for its upcoming MMORPG, Sol: Enchant, on the evening of the 12th at 8:00 PM. The event will feature Netmarble executive Kim Jang-hwan, head of the company’s business division, and Alt Nine development PD Kim Hyo-su, who will outline the game’s

A South Korean lawmaker from the ruling party dismissed a controversy over a so-called “prosecution drop-off trade” as an unfounded conspiracy, arguing the idea arose from a resistance to prosecutorial reform. Park Ji-won appeared on KBC’s program Yeouido Before the Court on the 12th, speaking about President Lee Jae-myung

The South Korean government is launching a new financial support package for the arts sector, totaling 437.5 billion won in loans and guarantees. The program is a joint effort by the Ministry of Culture, Sports and Tourism and the Arts Management Support Center, part of an initiative to strengthen

The U.S. Trade Representative’s Office said it has opened Section 301 investigations into imports from 60 major trading partners to block goods produced with forced labor. The review will determine whether such products originate in forced-labor production and could lead to tariffs or other import restrictions. The 60

South Korea’s average retail gasoline price edged lower on Tuesday even as international oil markets climbed above $100 per barrel intraday for a third consecutive session. On the Korea National Oil Corp.’s Opinet price system, the nationwide average for regular gasoline stood at 1,898.8 won per

KAIST President Lee Kwang-hyung has reversed his plan to resign, according to multiple science and technology industry sources. He had signaled he would step down after KAIST’s extraordinary board meeting failed to elect the university’s 18th president. The meeting, held last month, ended without selecting a new head,

South Korea’s president, Lee Jae-myung, is enjoying a 66% approval rating in a new nationwide poll, the highest since he took office. The survey by Gallup Korea interviewed 1,002 adults aged 18 and over across the country from August 10 to 12. The official opposition party, People Power