Military expands benefits amid shortage of cadet applicants

By Jung Min-ho More opportunities for overseas experience and greater financial rewards, are the government’s new proposals as it aims to expand benefits in order to attract more cadet applicants through the Reserve Officers’ Training Corps (ROTC), amid an increasing shortage of future commissioned officers. The Ministry of National Defense said on Friday that it … Read more

Yoon allocates $2.47 bil. to revive Korea’s nuclear renaissance

President Yoon Suk Yeol speaks during the 14th townhall meeting on people’s livelihood issues, at the office of South Gyeongsang Provincial Government in Changwon, Thursday. Yonhap Gov’t also pledges to extend W1 tril. in financing for nuclear industry By Ko Dong-hwan President Yoon Suk Yeol pledged, Thursday, to revive the country’s once-thriving nuclear power industry … Read more

Korea to cooperate with India on tax policy

National Tax Service (NTS) Commissioner Kim Chang-ki, left, poses with India Revenue Secretary Sanjay Malhotra after a meeting at New Delhi, India, Wednesday. Courtesy of NTS By Yoon Ja-young The National Tax Service (NTS) agreed with its Indian counterpart to foster a stable tax environment that promotes corporate activities, allowing businesses to focus on their … Read more

Russia apparently violating UNSC resolutions by giving NK leader luxury car: State Dept.

North Korean leader Kim Jong-un, left, and Russian President Vladimir Putin take a seat in Putin’s presidential Aurus Senat limousine at Vostochny Cosmodrome in the Russian Far East, in this Sept. 20, 2023 file photo captured from footage of North Korea’s state-run Korean Central Television. Yonhap Russia appears to have violated U.N. Security Council (UNSC) … Read more

Hyundai Motor revises development plan for new headquarters in southern Seoul

This file photo from Nov. 27, 2019, shows an aerial view of the development site for Hyundai Motor Group’s envisioned Global Business Center, the group’s new headquarters, in southern Seoul. Yonhap Hyundai Motor Group has revised a construction plan for its envisioned new headquarters in southern Seoul, changing the initially 105-story single-building scheme into one … Read more

LE SSERAFIM reveals hidden complexities with new album ‘EASY’

K-pop girl group LE SSERAFIM poses during a press event marking the release of its third mini-album, “EASY,” held at Korea University’s Hwajung Gymnasium in Seoul’s Seongbuk District, Monday. Yonhap Girl group aims high with hopes of Billboard Hot 100 chart success By Pyo Kyung-min K-pop girl group LE SSERAFIM unveiled its third mini-album, “EASY,” … Read more

NCT’s last subunit to make debut performance in Japan

New boy band NCT Wish is seen in this undated file photo captured from NCT Wish’s official X page. Yonhap NCT Wish, the fifth and last subunit of K-pop supergroup NCT, will make its debut performance on Wednesday in Japan, SM Entertainment said. The team will perform its debut song “Wish” during the SMTOWN Live … Read more

Financial groups rush to issue hybrid bonds to bolster equity capital

This combination of photos shows the headquarters of the country’s top four financial groups — from left, Shinhan, Woori, KB and Hana. Courtesy of each group By Lee Kyung-min The country’s top four financial groups are rushing to issue hybrid bonds, or perpetual bonds, to bolster their financial profiles, market watchers said Monday. Propelling the … Read more

Webull prepares to enter Korean market

A promotional image for Webull is visible at the Times Square, New York, in this May 2023 photo. Screenshot from Webull’s official Facebook By Lee Yeon-woo Webull, a prominent securities trading platform representing U.S. stocks, is preparing to enter the Korean market. According to sources, Tuesday, Webull is in preliminary consultations with financial authorities to … Read more

Samsung’s foldable screen earns US military grade certification

Seen is Samsung Display’s 7.6-inch foldable OLED. The company said Monday that its foldable screen passed the U.S. Department of Defense’s durability test to earn MIL-STD 810G certification. Courtesy of Samsung Display By Baek Byung-yeul Samsung Display obtained a military certification for its foldable OLED, the first for a foldable screen, passing the U.S. Department … Read more