Latest news from South Korea, in Korean newspapers
Movement for reinstalling landmark sculptures in Koreatown gains traction
After the Korea Daily reported that a sculpture representing LA Koreatown had been removed without the knowledge of the Korean-American community and placed in a city warehouse, community leaders took actions to reinstall symbolic sculptures in (...)
Korea Daily / Joong-ang Ilbo -
26 April 2024
Slower Economic Growth, Higher Inflation and Negative Reaction
By Sung Won Sohn The author is professor of finance and economics at Loyola Marymount University and president of SS Economics. He was executive vice president at Wells Fargo Banks and senior economist on the President’s Council of Economic (...)
Korea Daily / Joong-ang Ilbo -
26 April 2024
HYBE stock plunges after ADOR CEO’s emotionally-charged press appearance
HYBE’s stock price plunged more than 5 percent on Friday, following a press conference by NewJeans’ producer publicly revealing the internal feud between the entertainment agency and its sublabel ADOR. Shares of HYBE, the agency behind BTS, (...)
Korea Daily / Joong-ang Ilbo -
26 April 2024
As platforms raise membership fees, addicted consumers face heavy burden
“It is a burden to think I have to pay over 500,000 won ($362) a year for subscription services, but I don’t know how to cut back on the cost, as I’m already so used to the convenience of their services.” Lee Young-ju, a 35-year-old office (...)
Korea Daily / Joong-ang Ilbo -
26 April 2024