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National
Heatwave alert issued nationwide
The third-highest alert against a scorching heat wave was issued nationwide on Saturday, 18 days earlier compared to last year.
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National
Korean studies and K-vibe
During the country's wettest season, a time that has seen expressways closed and rivers flooded, I make my way every morning to Hanyang University. One of the country's biggest and most prestigious universities, it is currently hosting a summer program for international students from all over the word. As part of this, I teach courses on Korea with a focus on culture, society, gender, and Hallyu.
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National
Yoon dismisses China's claim that Korea is joining NATO's Indo-Pacific expansion
AIR FORCE ONE - President Yoon Suk-yeol stressed that his trip to the 2022 North Atlantic Treaty Organization (NATO) Summit in Madrid, Spain, should not be interpreted as a move to contain a certain country, referring to China's repeated claim that Seoul is joining NATO's plan to strengthen its foothold in the Indo-Pacific region. During a press conference aboard the presidential jet heading back to Seoul, Friday (Korea Standard Time), Yoon singled out his three best moments during his first overseas trip, saying the trilateral summit between South Korea, the U.S. and Japan, which took place on the sidelines of the NATO Summit on Wednesday, was one of them.
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Entertainment & Arts
Cha Eun-woo eyes starring role in 'K-Pop: Lost in America'
Singer-actor Cha Eun-woo is considering taking a role in a film about K-pop that will be jointly made by Korean and Hollywood producers. Cha's agency, Fantagio, said Friday that Cha is positively considering joining the movie, “K-Pop: Lost in America,” as he was offered to play the role of a K-pop group member. It said whether he will take the role will be confirmed after scheduling and contract details are set.
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Business
EV fires could hinder transition to eco-friendly vehicles
Unexpected electric vehicle (EV) fires that have made headlines recently are causing concern that they could hold back the rapid transition to eco-friendly vehicles. On June 4, a Hyundai IONIQ 5 EV collided with a toll gate and was engulfed in flames within seconds. The driver and a passenger died as they could not escape from the burning car, and it took seven hours to extinguish the fire. On June 24, an unidentified fire occurred in a Tesla Model S at a junkyard in the U.S.
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Video
Bodies of child, parents found in vehicle recovered from water
Police investigating the mysterious deaths of a 10-year-old girl and her parents found in a car sunk in waters off the southwestern coast said Thursday they have failed to determine the exact cause of their deaths after an autopsy.
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World
Russia's messages with missiles tell West to back off
The latest in a litany of horrors in Ukraine came this week as Russian firepower rained down on civilians in a busy shopping mall far from the front lines of a war in its fifth month.
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World
US user data is safe, TikTok CEO tells American senators
TikTok's CEO has written to nine Republican senators to outline new efforts by the popular video app to protect US user data, amid renewed congressional scrutiny of access to that information by employees of its Chinese parent company, ByteDance.
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National
Top economic policymakers of Korea, US discuss Russian oil price cap
The top economic policymakers of Korea and the United States have discussed a Washington-led proposal to impose a price cap on Russian oil as part of sanctions against Moscow, Seoul's finance ministry said Saturday.
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Entertainment & Arts
BTS' J-Hope tops iTunes charts in 84 countries
J-Hope, a rapper and dancer of K-pop supergroup BTS, topped the iTunes music charts in 84 countries with his first official solo single "More" on Saturday.
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Business
Apple criticized for exploiting loophole in Korea's in-app payment regulations
Apple has drawn criticism from app developers for essentially forcing them to use its own billing system instead of clearly offering multiple options. Korean law mandates that apps distributed by app market operators be allowed to offer an alternative payment processing option within their apps. In its latest announcement, Thursday, the U.S. tech giant said that apps distributed on its App Store solely in Korea will be allowed to provide an alternative in-app payment processing option, in compliance with the Telecommunications Business Act.
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World
Shifting abortion laws cause confusion for patients, clinics
Abortion providers and patients were struggling Friday to navigate the evolving legal landscape around abortion laws and access across the country since the U.S. Supreme Court overturned Roe v. Wade last week.
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World
NY overhauls handgun rules in effort to preserve some limits
New York's legislature approved a sweeping overhaul Friday of the state's handgun licensing rules, seeking to preserve some limits on firearms after the Supreme Court ruled that most people have a right to carry a handgun for personal protection.
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Business
Prime minister welcomes US firms relocating Asian headquarters to Korea
The American Chamber of Commerce in Korea (AMCHAM) has won support from the Yoon Suk-yeol administration for its major goal of making Korea the regional headquarters of Asia for multinational companies. During a special meeting hosted by AMCHAM, Friday, Prime Minister Han Duck-soo said that the government is open to resolving problems facing foreign businesspeople who seek to manage their Asian operations here in Korea.
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National
Ruling party's odd man out
Around this time last year, Lee Jun-seok, who was then the newly elected leader of the People Power Party (PPP), had been at the peak of his career since he had entered politics in 2011. What he did and said made the nation's news headlines. The media frenzy about him is owed partly to the unprecedented record he set in Korean politics: Lee, who was then 36, is the first Korean politician who became a leader of a major party in his thirties. He took the PPP's leadership competition by storm, defeating several veteran politicians, such as Na Kyung-won and Joo Ho-young, with a comfortable margin. At the time, he was lauded as an icon of a new-era politician.
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Business
Korea strengthens cooperation with Poland in nuclear energy, defense
Korea is gearing up to strengthen its partnership with Poland in the areas of nuclear energy, defense and advanced IT technologies. The move is part of the Yoon Suk-yeol administration's drive to find new overseas markets for Korean products, according to the trade and industry ministry, Friday.
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National
Mayor vows to create better Seoul for the poor
Seoul Mayor Oh Se-hoon rolled out his agenda for the capital city for the next four years under his leadership as he started his fourth term on Friday. His inauguration speech was filled with pledges to support the city's vulnerable groups with welfare policies and to also stabilize the city's real estate market among other bold plans.
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Finance
Shinhan intensifies rivalry with Kakao in digital insurance
Competition is intensifying between Shinhan Financial Group and Kakao in the nascent digital insurance market amid sluggish growth in the conventional insurance market. The financial holding firm launched its 16th subsidiary - Shinhan EZ General Insurance - on Friday. The company was formerly known as BNP Paribas Cardif General Insurance. Shinhan acquired the firm last November, and has since made drastic changes to its business strategy before the new affiliate debuted here.
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Finance
'Crypto rebound will be more powerful than stocks'
Cryptocurrencies will pull off a stronger rally than stocks when global monetary authorities send gestures to turn less aggressive in hiking their interest rates, a crypto expert said in a recent interview. The global crypto market enjoyed its heyday in 2021 on a trading frenzy driven by substantial liquidity. But the sentiment took an abrupt turn for the worse at the start of 2022 on escalating fears of global monetary tightening.
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Finance
IBK CEO seeks to help small Korean firms expand in Vietnam
Industrial Bank of Korea (IBK) CEO Yoon Jong-won met officials of key state-run and private financial firms in Vietnam to bolster cooperation for greater financing and business expansion opportunities for Korean local ventures and startups, the state-run lender said Friday.
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Finance
Financial regulator to take measures to ease volatility in stock markets
Financial authorities said Friday they will take a series of measures from next week to ease volatility in stock markets, as the nation's benchmark stock index sank to a 20-month low due to fears of an economic recession.
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Entertainment & Arts
YG Entertainment founder's younger brother reinstated as co-CEO
Yang Min-suk, the younger brother of K-pop powerhouse YG Entertainment's founder Yang Hyun-suk, has been reinstated as the firm's co-CEO, the company said Friday.
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National
Tropical storm Aere forecast to affect southern parts of S. Korea next week
Tropical storm Aere is likely to affect Jeju Island and other southern parts of South Korea early next week after having formed off Japan's Okinawa, the weather agency said Friday.
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World
Russia seizes control of partly foreign-owned energy project
Russian President Vladimir Putin has handed full control over a major oil and natural gas project partly owned by Shell and two Japanese companies to a newly created Russian firm, a bold move amid spiraling tensions with the West over Moscow's military action in Ukraine.
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Entertainment & Arts
'Top Gun: Maverick' tops local box offices for 9 consecutive days
Hollywood blockbuster “Top Gun: Maverick” is soaring at local box offices, topping the chart for nine consecutive days through Thursday, despite the opening of other anticipated films, including director Park Chan-wook's "Decision to Leave,” which won him the Cannes' Best Director award. The sequel to the 1986 action film, starring Tom Cruise, saw over 146,000 ticket sales on Thursday, raising its total to about 2.18 million tickets.
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World
Why Court's EPA-climate change ruling matters
The Supreme Court's climate change ruling on Thursday is likely to hinder President Joe Biden's plans to cut greenhouse gas emissions in half by the end of the decade and to make the U.S. a global leader again in the fight to slow global warming.
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Entertainment & Arts
Jeong Da-hye's horsehair-woven vessel becomes first Korean piece to win Loewe Craft Prize
A hand-woven vessel sways back and forth in even the gentlest breeze wafting through the room, glimmering in the light at each wiggle. “A Time of Sincerity,” a malleable yet surprisingly solid craft work borne from the hands of Korean artist Jeong Da-hye, has revived the centuries-old technique of making hats with horsehair.
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Finance
Trade deficit hits record high in H1
Korea's exports rose 5.4 percent on-year in June on solid demand for chips and petroleum products, but the country extended its trade deficit for the third consecutive month due to high global energy prices, data showed Friday.
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Sports
FIFA's new offside technology to make World Cup debut in Qatar
FIFA announced Friday it will implement a new offside technology at this year's World Cup to help video match officials and on-field referees make faster and more accurate decisions.
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Business
Hyundai Motor Group launches investment unit in US for future businesses
Hyundai Motor Group established a new investment unit in the U.S. as part of the investment pledge made by Hyundai Motor Group Chairman Chung Euisun during U.S. President Joe Biden's visit to Korea in May. According to the announcement of the Financial Supervisory Service, Hyundai Motor Group established the affiliate, “HMG Global Limited Liability Company (LLC),” in Delaware, United States, Friday. The three affiliates participating in the investment are Hyundai Motor Company, Kia Corp., and Hyundai Mobis.
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National
1,000 people evacuated from building in central Seoul after tremor
An estimated 1,000 people evacuated from a 20-story building in central Seoul on Friday after tremors continued for about five minutes, fire authorities and officials said.
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Entertainment & Arts
Park Eun-bin plays genius lawyer in 'Extraordinary Attorney Woo'
Actress Park Eun-bin has taken on the role of a genius lawyer who is on the autism spectrum in ENA's new series, “Extraordinary Attorney Woo.” Led by director Yoo In-sik, who oversaw the hit series, “Dr. Romantic 2,” the heartfelt series revolves around a newbie at a top law firm, Woo Young-woo (Park). Due to her autism, Woo has an exceptional memory, remembering every single book she has read in her life, and was at the top of her class in law school.
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Entertainment & Arts
K-pop group aespa to attend UN meeting on sustainable development
K-pop girl group aespa will join the U.N.'s High Level Political Forum on Sustainable Development next week, its agency, SM Entertainment, said, Friday. The four-member act will attend the opening session of the forum, to be held at the U.N. headquarters in New York at 9 a.m. on July 5 (local time).
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Entertainment & Arts
'Elvis' has a lot in common with K-pop music industry: director Baz Luhrmann
Baz Luhrmann, the writer-director of the musical biopic “Elvis,” explained that Elvis Presley's success paved the way for K-pop idols. In a recent online press conference with Korean reporters, Luhrmann talked about how the cultural icon of the 20th century has a lot in common with the K-pop music industry, in terms of being a teen idol who experienced tension with his manager.
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