Louis Vuitton Korea says systems breach led to customer data leak
A systems breach at Louis Vuitton Korea in June led to the leak of some of customer data including contact information, but did not involve customers’ financial information, the…
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Korea
South Korea wealth fund to boost bets on AI startups, eyes China tech
South Korea’s sovereign wealth fund plans to increase allocations to tech startups and venture capital funds (VCs) as part of its broader push to deepen exposure to artificial intelligence…
Bank of Korea halts digital currency project, pausing talks with banks
South Korea’s central bank halted its digital currency testing project, telling participating banks it will temporarily pause discussions related to the initiative. The Bank of…
Bank of Korea overhauls repo framework amid changing liquidity conditions
The Bank of Korea (BOK) said it’s revamping its open market operation framework to increase its operational flexibility to manage liquidity, stabilise short-term rates, and respond during…
Bank of Korea warns of housing, debt risks as easing continues
Persistent housing price gains, particularly in the Seoul metropolitan area, could accelerate debt accumulation in South Korea and pose risks to financial stability, threatening a…
‘How to Train Your Dragon’ Leads Again at Korea Box Office as Newcomers ‘Elio’ and ’28 Years Later’ Open Strong
DreamWorks’ “How to Train Your Dragon” held on to the top spot at the South Korean box office for a third straight weekend, grossing $1.5 million from 213,525 admissions. Its cumulative…
Alibaba Cloud to start second data centre in South Korea by June
The company operates 87 availability zones across 29 global regions and is China’s largest cloud provider Alibaba Group Holding will open a second data centre in South Korea by…
Farfetch Pushes Into South Korea, One of the World’s Biggest Luxury Markets
LONDON— Farfetch is pushing into South Korea, one of the world’s hottest luxury markets, through an integration with the R.Lux app, Coupang’s luxury vertical in the country. Farfetch is…
South Korea presidential election: Conservative candidate Kim Moon Soo concedes defeat
South Korea’s main conservative candidate Kim Moon Soo has conceded defeat in the presidential election. Kim, the candidate of the People Power Party, told a news conference early…
South Korea central bank cuts rate, slashes 2025 growth forecast
South Korea’s central bank cut interest rates on Thursday (May 29) in a bid to cushion the export-dependent economy from US President Donald Trump’s tariff war, as it almost halved its…
Tom Cruise’s ‘Mission: Impossible – The Final Reckoning’ Continues Korea Box Office Reign, ‘Lilo & Stitch’ Debuts in Second
Tom Cruise’s Ethan Hunt held steady atop the Korean box office for a second straight weekend, as “Mission: Impossible – The Final Reckoning” added $5 million from 688,160 admissions across…
Why Starbucks is banning orders under certain names in South Korea
Starbucks in South Korea has barred customers from using the names of South Korea’s six presidential candidates in their orders ahead of next month’s presidential election. A Starbucks…
Korean Chains Megabox and Lotte Cinema Sign Merger Agreement
JoongAng Group and retail behemoth Lotte Group have inked a blockbuster deal that promises to dramatically reshape South Korea‘s theatrical landscape. The media and retail giants signed a…
U.S. Urges Japan and South Korea to Commit to $44 Billion Alaska Gas Project
Officials in the United States are urging Japan and South Korea to make a formal commitment within the next few weeks to a $44 billion natural gas project in Alaska. The effort, known as…
Hip-Hop Stars Okasian, Bryan Chase Signed by Universal Music Korea (EXCLUSIVE)
Universal Music Korea, a division of Universal Music Group, has signed hip-hop artists Okasian and Bryan Chase. The signing coincides with a rebranding of the company’s local Artist &…
Netflix’s Tokyo Showcase Spotlights Korean Animation Push and Genre Diversification
Netflix‘s ambitious strategy for Korean content took center stage at the streamer’s ongoing APAC showcase in Tokyo, where executives and filmmakers offered an in-depth look at their…
Is Actor Song Joong Ki Staying in Korea? Fans Get Curious After His Photos from Floral Arrangement Class Goes Viral!
South Korean actor Song Joong Ki is known for hitting it out of the park with his every project – all his dramas and movies are super successful. And, recently, the 'Hopeless' star gained…
Bank of Korea holds rate steady after inflation speeds up and won wobbles
The Bank of Korea (BOK) held its benchmark interest rate steady to foster stability after consumer inflation unexpectedly picked up and the won weakened to a 16-year low, as Donald Trump’s…
Bank of Korea signals more rate cuts as Trump’s tariffs take shape
BANK of Korea (BOK) governor Rhee Chang-yong signalled more policy easing to come this year as the central bank cut its benchmark interest rate to support an economy jolted by political…
South Korea aims to secure 10,000 GPUs for national AI computing centre
SOUTH Korea on Monday (Feb 17) announced plans to secure 10,000 high-performance graphics processing units (GPUs) within this year in a bid to keep pace as the global artificial…
DeepSeek Halts App Downloads in South Korea Amid Privacy Concerns
Chinese AI firm DeepSeek has temporarily suspended downloads of its chatbot applications in South Korea while working with local privacy regulators to address concerns, officials confirmed…
Kim Sae-ron, Korean Star of ‘A Brand New Life’ and ‘The Man From Nowhere,’ Dies at 24
South Korean actor Kim Sae-ron, celebrated for her compelling performances from a young age, was found dead at her home in Seongdong-gu, Seoul, on Sunday. She was 24. A friend discovered…
JPMorgan, UBS, Nomura face South Korea short-selling fines: report
SOUTH Korea’s financial regulator is imposing fines on JPMorgan Chase, Morgan Stanley, UBS Group and Nomura Holdings for allegedly violating the country’s rules on short-selling stocks,…
‘Squid Game 3’ Leads Netflix Korea 2025 Slate
Netflix has unveiled an ambitious 2025 Korean content lineup anchored by “Squid Game 3,” which expands its universe with a roster including Yim Si-wan, Kang Ha-neul and Park Gyu-young…