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The Latest Breaking News from South Korea

Euroseas Inks New Building Agreements For Three Fuel Efficient Vessels

Euroseas Ltd. (NASDAQ:ESEA) has signed a contract for the construction of three 1,800 teu eco-design fuel-efficient feeder containerships. The total consideration for the construction of the three vessels is ~$102 million and will be financed with a combination of debt and equity. The vessels will be built at Hyundai Mipo Dockyard Co. in…

Benzinga

Should You Buy the Dip in Coupang?

The shares of South Korea-based e-commerce giant Coupang (CPNG) were crushed recently after its largest shareholder sold CPNG shares worth $1 billion. Furthermore, challenges related to high costs and rising local competition make the company’s growth prospects gloomy. Also, given that CPNG has not been able to improve its profitability,…

StockNews.com

S. Korea's Yoon faces obstacles in plan to ditch Blue House

South Korea’s outgoing liberal government takes issue with a plan by its rival and conservative President-elect Yoon Suk Yeol to relocate the presidential office by his inauguration in May

The Independent UK

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Moon administration says rush to move S.Korea's presidential office threatens security

Outgoing South Korean President Moon Jae-in's administration said on Monday his successor's rush to relocate the presidential office and official residence could "create a security vacuum and confusion" at a time of tensions with North Korea.

Reuters

As global brands shun Russia, Asian firms sit out controversy

Different government policies and public perceptions fuel reluctance to follow Western-led corporate exodus, experts say

Al Jazeera

S. Korean slavery victim seeks UN justice as time runs out

Thirty years ago, South Korean Lee Yong-soo went public with her story of adduction, rape and forced prostitution by Japan’s wartime military

The Independent UK

‘Crime against nature’: the rise and fall of the world’s most notorious succulent thief

Byungsu Kim pleaded guilty to attempting to ferry more than 3,700 wild dudleya plants from California parks to South Korea

The Guardian - US

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South Korea's President-elect Ditches 'Imperial' Blue House Office

South Korea's president-elect said Sunday he will relocate his office from the "imperial" Blue House, in a move critics charged is linked to his belief in shamanistic spiritual practices. Yoon Suk-yeol, who won a tight election earlier this month, pledged on the campaign trail that he would move presidential business…

Asharq Al-Awsat

N. Korea fires artillery into sea days after missile launch

South Korea says North Korea has fired suspected artillery pieces into the sea

The Independent UK

N.Korea fires multiple-rocket launcher, South says

North Korea appeared to have fired a short-range multiple rocket launcher on Sunday, South Korea's military said, amid heightened military tensions on the peninsula after a spate of larger missile launches by the nuclear-armed North.

Reuters

S. Korea's next leader to abandon Blue House for new office

South Korea’s president-elect says he will abandon the current mountainside presidential palace of Blue House and establish his office in central Seoul as part of efforts to better communicate with the public

The Independent UK

S.Korea's Yoon says he will move presidential office to defence ministry

South Korean president-elect Yoon Suk-yeol, breaking with decades of tradition, said on Sunday he will move the presidential office from the Blue House to the defence ministry compound, a step estimated to cost $40 million.

Reuters

Hyundai Ioniq 5 Wholesale Shipments Exceeded 10,000 In February

Last month, Hyundai's plug-in electric car wholesale sales (closely related to production) tripled to 17,261 (up 208% year-over-year).

InsideEVs

Switch to doubles helped teenage shuttler Gayatri Gopichand

Teen shuttlers Gayatri Gopichand and Treesa Jolly scripted history as they became the first Indian women’s doubles pair to reach the semifinals of the All England Championships. They defeated second seeds Lee Sohee and Shin Seungchan of Korea 14-21, 22-20, 21-15 on Friday.

The Times of India

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Football London

Nick Candy's Chelsea bid receives huge boost as two Korean groups 'lined up' ahead of deadline

Nick Candy's pursuit of Chelsea Football Club has received a huge boost with two South Korean groups reportedly backing the property developer's bid

Benzinga

HC Wainwright Sees Almost 1000% Upside On Spectrum Pharma Stock

HC Wainwright reiterates the Buy rating on Spectrum Pharmaceuticals Inc (NASDAQ:SPPI), with a price target of $10. The analyst projects revenues of $170 million for Rolontis and $328 million for poziotinib in 2026. Eflapegrastim (formerly known as Rolontis; to be renamed) is a long-acting granulocyte colony-stimulating factor intended to stimulate neutrophil production for chemotherapy-induced neutropenia…

The Independent UK

Turkey builds massive bridge linking Europe and Asia

Turkey's president and South Korea’s prime minister have inaugurated a massive suspension bridge over the Dardanelles Strait that connects the European and Asian shores of the key waterway

InsideEVs

Kia EV6 Wholesale Shipments Near 7,000 In February 2022

Kia EV6 wholesale sales (closely related to production) amounted to 6,806 in February, which is one of the highest monthly results so far.

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Reuters

Good move? S.Korean president's home stirs feng shui furore

South Korea's President-elect Yoon Suk-yeol's plan to break with decades of tradition to move his future office and residence beyond Seoul's Blue House compound has whipped up a fierce debate involving experts in the ancient practice of feng shui.

RideApart

Gas-Powered Delivery Scooters In Seoul To Go 100 Percent Electric By 2025

Delivery scooters in South Korea’s capital Seoul will soon be replaced by electric scooters through an initiative by the metropolitan government.

Reuters

South Korea president-elect's pledge to shutter gender ministry stirs debate

South Korean president-elect Yoon Suk-yeol's decision to use the country's gender wars as a campaign platform for his successful election earlier this month may have backfired.

The Guardian - UK

Pachinko to Bridgerton: the seven best shows to stream this week

An exceptional adaptation of Min Jin Lee’s novel about four generations of a Korean family, and the return of the raunchy Regency period drama

The News Lens

Can Seoul Court Beijing’s Perception Problem?

While it might be unrealistic for Seoul to completely sever itself from Washington’s global geostrategy, Beijing and Seoul could still reach a modus vivendi on South Korea’s contribution to the U.S.-led Indo-Pacific Strategy and its future relationship with the Quad.

Bangkok Post

Top of the (T)-Pops

Taking most of the limelight in the Asian music industry is the K-Pop wave or Korea pop music. The genre has successfully connected people who are poles apart in origins while also shedding light on non-Western music and pop culture. Thai pop music, in particular, has flown under the radar…

Motor1

The Hydrogen Powered Car Is Alive: Sales Up By 84 Percent In 2021

Global numbers still remain very small, but research shows growth is exponential with the largest market being South Korea.

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