HYBE chairman ranks sixth among Korean business leaders in stock assets

SEOUL, May 17 (AJU PRESS) - Bang Si-hyuk, chairman of HYBE, the agency behind K-pop supergroup BTS, ranked sixth among Korean business leaders in terms of equity holdings, surpassing tycoons who head the nation’s second and fourth-largest conglomerates. According to analysis data from the Korea CXO Research Institute, Bang held about 2.5 trillion won ($1.8 billion) worth of shares as of Tuesday. The amount was higher than that of Chey Tae-won, chairman of SK Group, the nation&

May 17, 2024

More people fall victim to dating violence in Korea

SEOUL, May 17 (AJU PRESS) - Korea is grappling with a disturbing rise in dating violence cases in recent years, highlighting the urgent need for increased social awareness and preventive measures. The line separating lovers' conflicts from intimate partner violence has become blurred, raising questions about the boundaries that define dating abuse. Dating abuse encompasses any form of physical, sexual, or verbal abuse from a romantic or sexual partner, according to the Office

May 17, 2024

VISUALS: COEX hosting seafood fair

SEOUL, May 17 (AJU PRESS) - The 19th Seoul Seafood Show, featuring a variety of seafood and food ingredients from 16 countries, is underway at COEX in southern Seoul from May 15-17. About 180 companies have set up promotional booths for the event, hosted by the Korea Fisheries Association.

May 17, 2024

Opinion: Dow tops 40,000 as stock indexes continue to cross milestones − making many investors feel wealthier

SEOUL, May 17 (AJU PRESS) - The Dow Jones Industrial Average topped 40,000 for the first time on May 16, 2024. It spent the next few hours hovering around that mark, occasionally dipping under. But the breakthrough, even if fleeting, nonetheless marks another symbolic milestone in a monthslong bull market, coming three months after the S&P 500 index surpassed 5,000 for the first time. The Conversation asked Alexander Kurov, a financial markets scholar, to explain what stock in

May 17, 2024

British local government elections have national – and international - implications

KENOSHA, May 17 (AJU PRESS) - Britain’s local elections do not receive much international attention. That is a mistake. Generally, they are an excellent indicator of how the parties will do in the national elections. In the May 2 elections, the Liberal Democrats won big, with 768 gains. The Labour Party gained 545, the Greens 480, while the governing Conservative Party lost a massive 1783. This is the third successive year of significant Liberal Democrat advance.

May 17, 2024

Hyundai Elevator developing vertical airport for urban air mobility

SEOUL, May 16 (AJU PRESS) - A consortium led by Hyundai Elevator is developing a vertical airport for urban air mobility (UAM) as part of a state project to build highly automated air transportation systems in urban environments, the Korean company said. The top elevator maker in Korea said Wednesday its consortium has been selected by the Ministry of Land, Infrastructure and Transport to develop a vertical airport, or vertiport, where aircraft land and take off vertically, and a s

May 16, 2024

Korean parents with infant have only 2.7 hours of daily free time, survey finds

SEOUL, May 16 (AJU PRESS) - Korean parents with a child under the age of three have the least amount of daily free time, averaging about 2.7 hours, according to a survey released Thursday. In contrast, young people in their 20s have the most, averaging 4.85 hours. Research firm Consumer Insight conducted the survey of 26,000 Korean adults and found that parents with an infant child had an average of just 2.69 hours of free time per day. The average daily spare time for all groups

May 16, 2024

PHOTOS: Seoul Forest offers respite from urban bustle

SEOUL, May 16 (AJU PRESS) - Seoul Forest has emerged as the capital's major park and urban green space for residents. Situated near the Han River, it serves as a vibrant resting place where citizens can relax and enjoy fresh air amid natural surroundings. Spanning approximately 480,000 square meters, it features various facilities for family outings, including an insectarium, outdoor stages and picnic areas.

May 16, 2024

Visang Education showcases AI-based Korean learning platforms in Tokyo

SEOUL, May 16 (AJU PRESS) - Visang Education, a Korean educational company, said Thursday it showcased artificial intelligence-based Korean learning platforms at the largest education industry show in Japan last week. The Korean company was among some 330 participants from five countries in the biannual Education Expo Japan (EDIX), held from May 8 to 10 in Tokyo. At the forefront of Visang’s exhibits was its Master K platform, which incorporates various smart learning solut

May 16, 2024

New transit cards offer better transport access for foreign nationals in Korea

SEOUL, May 16 (AJU PRESS) – Foreign nationals in Korea can now utilize buses and subways more affordably and conveniently, as the government has expanded public transportation benefits through various transit cards. From the nationwide K-pass to the Seoul-focused Climate Card, the programs launched this year offer different levels of benefits based on region, travel frequency, users' age, income level and other conditions. The Ministry of Land, Infrastructure and Tran

May 16, 2024