Korea downtown duty-free spend drops 16% as foreign spend falls

Spend in Korea’s downtown duty-free market fell 16% in May, despite a rise in the number of shoppers. The sales amount for the period was KRW 776.2bn ($569.3m) in May, down almost 16% on the KRW 918.6bn recorded in April, according to the Korea Duty Free …

Born in ghost stories, South Korea’s grim reapers transform into pop culture icons

SEOUL - When the Saja Boys appeared on screen for the first time, dressed in floor-length black hanbok and wide-brimmed hats casting shadows over pale, painted faces, Ms Kang Chan-mi, a 32-year-old office worker in Seoul, immediately recognised the look. “ …

World News | North Korean Crosses Heavily Fortified Border to South Korea

Seoul, Jul 4 (AP) An unidentified North Korean man crossed the heavily fortified land border separating the two Koreas and is in South Korean custody, the South's military said Friday. The South's Joint Chiefs of Staff said the military identified …

South Korea: Special Counsel To Summon Ex-Marine Chief For Questioning Next Week In Marine Death Probe

(MENAFN- IANS) Seoul, July 4 (IANS) A special counsel team said Friday it will summon a former top commander of the Marine Corps next week for questioning as part of its investigation into the military's response to the 2023 death of a Marine. The team …

South Korea: Special Counsel Summons Education Minister In Martial Law Probe

(MENAFN- IANS) Seoul, July 4 (IANS) Special Prosecutor Cho Eun-suk on Friday summoned Education Minister Lee Ju-ho and Park Jong-joon, former head of the Presidential Security Service (PSS), in connection with his probe into former President Yoon Suk Yeol…

South Korea Has $10.14 Billion Current Account Surplus

South Korea posted a current account surplus of $10.14 billion in May, the Bank of Korea said on Friday - up from the $5.70 billion surplus in April. The goods account recorded a $10.66 billion surplus as exports decreased by 2.9 percent to $56.93 billion …

South Korea's Current Account Surplus Widens Amid US Tariff Pressure

(MENAFN- IANS) Seoul, July 4 (IANS) South Korea's current account surplus widened in May from a month earlier, despite falling exports, due mainly to falling global oil prices and an increase in dividend income, central bank data showed on Friday.The …

North Korean crosses the heavily fortified border to South Korea

North Korean man captured inside DMZ after crossing into South Korea

A concrete slab marking the Military Demarcation Line is pictured from the North Korean side of the Joint Security Area. (Aaron Kidd/Stars and Stripes) A North Korean man was taken into custody by the South Korean military Thursday after crossing the …

Louis Vuitton Korea says systems breach led to customer data leak

SEOUL :A systems breach at Louis Vuitton Korea in June led to the leak of some of customer data including contact information, but did not involve customers' financial information, the luxury brand's South Korea unit said on Friday. "We regret …