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Tue, May 17, 2022 | 14:12

Entertainment
& Arts

Sports

World

SCMP
Asia

Video

Photos

Competition heats up in urban air mobility market

Korea has emerged as a battlefield among domestic and foreign companies that seek to gain supremacy in the urban air mobility (UAM) market, since the government unveiled its roadmap in 2020 to commercialize drone taxis by 2025 at the earliest to ease traffic congestion on Seoul's roads. As the newly launched Yoon Suk-yeol administration also selected UAM as one of the key industries for the future, companies in various fields have accelerated their efforts to offer urban air travel services that can cut travel time in downtown Seoul by two-thirds. The latest example was a consortium led by LG Uplus. The telecommunication company said on May 11 that it joined hands with Kakao Mobility, GS Caltex, Jeju Air, Pablo Air and Vertical Aerospace to participate in the government's K-UAM Grand Challenge project. “The K-UAM Grand Challenge is a phased demonstration program in which UAM vehicle safety and traffic management function testing suitable for urban conditions and environments are integrated and operated to support the commercialization of UAM in 2025,” the Ministry of Land, Infrastructure and Transport said in its announcement.

North Korea wrestles with worst health crisis

The situation in North Korea has gone from bad to worse since the reclusive co...

NK reports 6 additional deaths amid COVID-19

South Korean, Chinese FMs agree to discuss humanitarian aid for NK

Yoon names ex-Vice FM Cho as ambassador to US

President Yoon Suk-yeol on Tuesday named Rep. Cho Tae-yong, a former vice fore...

Korea looks into cryptocurrency market following TerraUSD, Luna crash

Korea's financial authorities have launched "emergency" inspections into domestic cryptocurrency exchange operators to enhance investors' ...

Gov't urged to increase support for creators when K-culture is hot

The global influence of Korean art and culture is more powerful than ever, with Korean content easily being mentioned in overseas media, b...

India's wheat export ban feared to raise prices of bread, instant noodles

India's wheat export ban has been causing concerns over possible hikes in the prices of instant noodles, bread and other processed product...

Seoul making moves to rein in increasing subway crimes

Seoul Metro has started upgrading subway stations and increasing monitoring inside the stations to prevent crimes in the facilities that have been rising in recent years.

Korea to strengthen quarantine against animal diseases over rising int'l flights

Korea will step up quarantine efforts at major airports and harbors to prevent African swine fever (ASF) and other contagious animal diseases from entering the country, the agric...

Bank of Korea governor does not rule out 'big step' rate hike

Bank of Korea (BOK) Governor Rhee Chang-yong said Monday he does not rule out the possibility of taking a “big step” - a hike in the benchmark interest rate by half a percentage ...

Police launch 1st forensic entomology lab to better harness insect science in criminal probes

Korea's first forensic entomology lab opened Tuesday to better harness insect science in criminal investigations, police said.

Wheat importers in Asia scramble for supplies after Indian export ban

Wheat importers in Asia were scrambling to find new sources of supply on Monday after India banned exports of the grain at the weekend in a bid to keep a lid on soaring domestic ...

Macron names first French female PM in three decades

President Emmanuel Macron on Monday named Labor Minister Elisabeth Borne as prime minister to lead his ambitious reform plans, the first woman to head the French government in ov...

Take driver's seat

Congratulations on your election and inauguration as new South Korean president. You should be as surprised as anyone, considering how unlikely your come-from-nowhere candidacy h...

Girls' Generation to make comeback in August after five years

K-pop group Girls' Generation will make a comeback in August by dropping a new album to mark the 15th anniversary of its debut, the group's agency said Tuesday.

South Korea's new COVID-19 cases around 35,000

South Korea's new COVID-19 cases hit a little over 35,000 on Tuesday, the lowest Tuesday tally in more than three months, reflecting the slowing virus trend amid efforts to resto...

Top 500 firms' sales surpass 700 trillion won in Q1

The combined first-quarter sales of major firms in Korea surpassed the 700 trillion-won ($545 billion) mark for the first time on strong performances by chips, electronics, petro...

Musical 'Beethoven' to hit stage next year

A musical about the legendary composer, Ludwig van Beethoven (1770-1827), is set to hit the stage next year. Korean musical production company EMK Musical is planning to premiere...

Business leaders to redefine purpose of corporation

Business leaders in Korea will hold an event next Tuesday to proclaim a “new entrepreneurship,” imitating the Business Roundtable, an association of CEOs of the largest U.S. corp...

How did TikTok become main marketing tool for K-pop?

These days, almost all K-pop singers have their own channels on TikTok, a Chinese video-sharing platform that has some 1 billion monthly active users worldwide. After rapper Zico...

Young chaebol owners bring new management styles

A new generation of chaebol leaders in their 30s and 40s have come to the fore in management by focusing on new growth engines to fuel future growth, according to industry watche...

Air Seoul to resume Incheon-Boracay route next month

Air Seoul, a Korean low-cost carrier, said Tuesday it will resume the Incheon-Boracay route next month to meet pent-up travel demand amid eased virus curbs.

Lotte, Hanwha, Naver, OCI to join business meeting with Biden

Chiefs of Lotte, Hanwha, Naver and OCI will likely join a business meeting with U.S. President Joe Biden that will take place on May 21 during his three-day visit to Korea, accor...

Korean biz groups examine US operations, investments ahead of Biden visit

BTS wins three Billboard Music Awards, marking 6th year to win an award

Korean boy group BTS has won three prizes at the 2022 Billboard Music Awards (BBMAs), one of the three biggest pop music honors in the United States, Billboard said.

P1Harmony, Pink Sweat$ to release collaborated song May 26

K-pop boy band P1Harmony has collaborated with U.S. singer-songwriter Pink Sweat$, the band's agency FNC Entertainment said, Tuesday. The two will release the digital single “Got...

Kakao Mobility partners with Miki Taxi for Guam service

Kakao Mobility, Korea's leading taxi-hailing company, said Tuesday it has forged a business partnership with Miki Taxi, a major taxi operator in Guam, to provide ride-hailing ser...

South Korea successfully tests homegrown heavyweight torpedo

South Korea has successfully test-fired an advanced heavyweight torpedo, a state-run defense research agency said Tuesday, in a move to bolster maritime defense amid evolving Nor...

[EXCLUSIVE] Samsung drops plan to enter electric vehicle market

Amid the burgeoning presence of electric vehicles (EV), investors and consumers are paying attention to what role EVs will play in the automotive market and their environmental e...

Korean president's delegation meets new UAE leader

A Korean presidential delegation has paid tribute to the late president of the United Arab Emirates (UAE) in Abu Dhabi and met with the country's new leader to discuss ways to bo...

Yoon says undecided on whether to appoint health minister nominee

President Yoon Suk-yeol said Tuesday he will continue to review whether to appoint Health Minister nominee Chung Ho-young, who is accused of using his position to get his childre...

'Doctor Strange 2' tops 5 million admissions

Hollywood blockbuster "Doctor Strange in the Multiverse of Madness" surpassed 5 million admissions Tuesday, data showed.

Nearly 4 in 10 listed firms cut workforce in 2021 amid pandemic

Almost 4 in 10 Korean listed companies trimmed their workforce in 2021 from a year earlier amid the prolonged coronavirus pandemic, a private think tank said Tuesday.

Putin warns Finland, Sweden over NATO as Ukraine braces for eastern assault

President Vladimir Putin said on Monday Sweden and Finland joining NATO would be no threat to Russia but warned the Western alliance that moving troops or weapons into the Nordic...

Finland, Sweden inch closer to seeking NATO membership

US warns against hiring North Korean IT workers posing as non-North Korean

North Korea is dispatching thousands of skilled IT workers overseas to seek employment while posing as U.S.-based or non-North Korean nationals, the U.S. Department of Treasury s...

IPEF will help enhance economic ties with Indo-Pacific countries: White House

The U.S.-proposed Indo-Pacific Economic Framework (IPEF) will help further enhance the country's economic relations with countries in the region, a White House spokesperson said ...

Wealth gap expands among young generations

The wealth gap among the country's 20somethings and 30somethings has widened, following fast-rising asset prices over the past couple of years. The top 20 percent asset bracket o...

Korean volunteer fighter in Ukraine doesn't regret his action despite facing imprisonment at home

A Korean volunteer fighter in Ukraine has told a local news outlet he is likely to be arrested on returning home but does not regret what he said was an inevitable action to supp...

'Broker,' 'Decision to Leave' to kick off summer blockbuster season

With “Broker,” “Decision to Leave” and “The Witch: Part 2 the Other One” all due out soon, movies are back in full force this summer. Film studios have been storing up some of th...

Yeo Jin-goo offers glimpse of his role in new series 'Link: Eat, Love, Kill'

Yeo Jin-goo has offered a sneak peek into his new role as Chef Eun Kye-hoon in tvN's upcoming fantasy romance series, “Link: Eat, Love, Kill.” “I was drawn to how the series inco...

2 bank embezzlement cases in less than month boosts chance of gov't controlling FSS

The Financial Supervisory Service (FSS) appears to be facing a growing possibility of coming under government control again, over an alleged embezzlement case at Shinhan Bank's b...

KOTE dispute underlies struggle for Insa-dong's soul

A tense real estate conflict in Insa-dong seems to have settled into an impasse, as two stakeholders in a multipurpose compound near the southern end of the main alley remain at ...

Video

Cleaning up after 'godoksa,' lonely deaths in Korea

ARMYs begin to boycott BTS's controver...

Yoon vows to rebuild nation by defendi...

Decades-old pub in Euljiro fades into ...

Cramped life in 'gosiwon,' Korea's sma...

Companies

'Only 30% of companies can cope with Serious Accidents Punishment Act'

Kakao Mobility partners with Miki Taxi for Guam service

Nearly 4 in 10 listed firms cut workforce in 2021 amid pandemic

Top 500 firms' sales surpass 700 trillion won in Q1

India's wheat export ban feared to raise prices of bread, instant noodles

Young chaebol owners bring new management styles

Tech

Blockchain gaming industry concerned over TerraUSD, Luna debacle

Competition heats up in urban air mobility market

SK launches new AI assistant service 'A.'

Samsung drops plan to enter electric vehicle market

Samsung holds first-ever 6G forum to discuss next-gen communications tech

Kakao Mobility partners with Splyt for ride-hailing roaming services in Southeast Asia

Finance

Finance minister, central bank chief see eye to eye on policy coordination

Korea looks into cryptocurrency market following TerraUSD, Luna crash

Bank of Korea governor does not rule out 'big step' rate hike

Wealth gap expands among young generations

2 bank embezzlement cases in less than month boosts chance of gov't controlling FSS

K bank continues solid growth in Q1

Entertainment & Arts

[INTERVIEW] 'Monstrous' creator Yeon Sang-ho gives his thoughts on divided reaction

P1Harmony, Pink Sweat$ to release collaborated song May 26

Girls' Generation to make comeback in August after five years

'Doctor Strange 2' tops 5 million admissions

Musical 'Beethoven' to hit stage next year

How did TikTok become main marketing tool for K-pop?

Editorial

Joining US-led initiative

President Yoon Suk-yeol said Monday he will discuss the issue of the U.S.-led ...

Cryptocurrency crash

The crash of TerraUSD (UST) cryptocurrency and its sister token Luna last week...

Columns

Yoon's uncertain path

U.S. President Joe Biden's upcoming meeting with President Yoon Suk-yeol, scheduled...

'Luna eclipse'

The crash that some had been warning about happened. TerraUSD (UST), a stablecoin, ...

Thoughts of the Times

Champion Cho A-yean's weakness

Cho A-yean won the 8th Kyochon Honey Ladies Open on May 8, capturing her first glor...

North Korean leader issues special order on medicine supply against ...

US warns against hiring North Korean IT workers posing as non-North ...

NK reports 6 additional deaths amid COVID-19

S. Korean, U.S. nuke envoys agree on close consultations over N.K. a...

COVID-19 may spread rapidly in North Korea, WHO warns

North Korea wrestles with worst health crisis

New land minister vows to supply over 2.5 million new homes to stabi...

Korea to strengthen quarantine against animal diseases over rising i...

South Korea successfully tests homegrown heavyweight torpedo

Daegu scene has its 'Big Day South'

Biden considers DMZ trip during upcoming visit to South Korea: sourc...

Yoon names ex-Vice FM Cho as ambassador to US

Airlines to levy record fuel surcharges on int'l routes in June

Kakao Mobility partners with Miki Taxi for Guam service

Competition heats up in urban air mobility market

Nearly 4 in 10 listed firms cut workforce in 2021 amid pandemic

Top 500 firms' sales surpass 700 trillion won in Q1

India's wheat export ban feared to raise prices of bread, instant no...

Eva Armisen's newest retrospective continues to celebrate 'trivia' o...

Air Seoul to resume Incheon-Boracay route next month

T'way Air to open Incheon-Singapore route this month

More festivals, live concerts to take place at home, abroad

Gov't to significantly increase international flights to meet travel...

Seoul International Book Fair to return in grand scale

The 1893 wreck of the Russian warship, the Vitiaz

The open secrets of Korea's 'namsadang' art troupes

Folk entertainment at a village festival in 1957

My 'Greenlight to Freedom'

Today's inter-country adoption system is not fit for purpose

North Korean artist pursues her dream

Baby formula shortage

Joining US-led initiative

Champion Cho A-yean's weakness

Cryptocurrency crash

Accept COVID-19 aid offer

Unfit presidential aides

Minjee Lee hangs on, wins LPGA Founders Cup over Thompson

As China says goodbye to 2023 Asian Cup, should Korea step in?

Korean Lee Kyoung-hoon defends PGA Tour title in Texas

Blue Jays' Ryu Hyun-jin solid in return from injury

High jumper Woo Sang-hyeok captures 1st Diamond League title in Doha

Tottenham's Son Heung-min nets 21st goal in derby win over Arsenal

McDonald's to sell its Russian business, try to keep workers

Wheat importers in Asia scramble for supplies after Indian export ban

Macron names first French female PM in three decades

Putin warns Finland, Sweden over NATO as Ukraine braces for eastern ...

VP Kamala Harris, high-powered U.S. delegation visits UAE to honor l...

TerraUSD backer says will compensate some users; bitcoin back below ...

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