Boy band Kingdom recently faced backlash for an album cover resembling the Qur'an, leading to the recall of 70,000 copies before its release. The genre of K-pop continues to spark cultural controversy despite its popularity.
As the dollar appreciates against the local currency, fewer consumers in Korea are going for cross-border shopping. Instead, they are turning to domestic online malls.
Foreign exchange insurance premiums will be lowered by 45 percent by the Korea Trade Insurance Corporation as small businesses suffer under an appreciated won. The product compensates companies hurt when the currency becomes more expensive.
The depreciation of the U.S. dollar is raising red flags at companies that export.
Lt. Gen. Chung Jin-kyung, right, superintendent of the Korea Military Academy, awards a plaque of appreciation to Ryu Kwon-ha, left, CEO of the Korea JoongAng Daily, to recognize his contribution to the education of cadets...
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