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Korean President Lee arrives in Paris for summit with Macron

PARIS — Korean President Lee Jae Myung on Monday arrived in Paris, where he is set to hold a summit with French President Emmanuel Macron to discuss ways to enhance bilateral cooperation in security, the economy and other areas. Lee will make a two-day state visit to the French capital from Tuesday, when he will hold a luncheon and summit talks with Macron. Lee and Macron are expected to discuss cooperation in various areas, including security, the economy, science and technology, culture, and people-to-people exchanges, as the two countries mark the 140th anniversary of the establishment of diplomatic relations. Lee will head home Wednesday, wrapping up his four-day trip to France. He earlier visited France's Nice for a first-ever Korea-France summit on the future of the film industry, which he co-hosted with Macron.

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New labor rules cloud Korea's chip project, draw fire from both sides

Korea’s new labor guidance, intended to draw a line between corporate management rights and workers’ collective bargaining rights, is instead drawing criticism from both sides, with its ambiguity casting doubt over major government-backed chip investment projects. This comes after the Ministry of Employment and Labor issued implementation guidance last week for what is known as the pro-labor “yellow envelope law.” According to the guidance, management decisions themselves — such as building or relocating plants, making overseas investments and adopting artificial intelligence — do not fall under mandatory collective bargaining or lawful industrial action. However, the guidance also says that bargaining and labor disputes may be possible when such decisions lead to concrete changes in employment conditions, including relocations of workers, changes in work arrangements or restructuring. The seemingly contradictory guidance has created confusion among both businesses and workers, who have voiced competing concerns over its potential impact on management decisions, job security

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InterviewSingapore's NTU bets on global talent, agility to boost university competitiveness

SINGAPORE — Nanyang Technological University (NTU) has risen rapidly among the world's leading universities despite its relatively short history, driven by its ability to respond quickly to change and aggressively compete for skilled workers. NTU President Ho Teck Hua attributed the university's agility in part to its relatively short, 35-year history, saying its startup-like culture has enabled it to respond quickly to technological shifts, including the rapid rise of artificial intelligence (AI). “We are like a startup — only 35 years old — we are very agile and we move fast,” Ho said during a recent interview with The Korea Times. "To be successful, we need to be agile and make things happen fast." After taking office as president in 2023, Ho oversaw the establishment of the College of Computing and Data Science, with the process completed in about six months. “At a typical university, particularly an older university, it can take forever,” he said, adding that comparable institutional changes can take years to materialize. Ho said NTU’s agility stems partly from a coll

4 MIN READ
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Oil price hike boosts demand for mini cars, compact EVs

A prolonged surge in oil prices is driving Korean consumers toward smaller, more fuel-efficient vehicles, with sales of mini cars and compact electric vehicles (EVs) gaining momentum as drivers look to cut running costs. Sales of both gasoline-powered and electric mini cars have risen sharply this year, proving growing demand for affordable vehicles amid persistently high fuel prices. Kia’s Morning, one of Korea’s most popular mini cars, sold more than 15,000 units between January and July, more than double the figure recorded during the same period last year. Demand has also strengthened for electric mini cars. Kia’s Ray EV posted an 18 percent increase in sales during the same period, as consumers become more sensitive to fuel and ownership costs. The shift is also becoming visible in the imported car market. BYD Korea’s Dolphin, a compact electric hatchback, ranked fourth in August sales for the imported car market here behind Tesla Korea’s Model Y, Model Y L and BMW Korea’s 520. Its appearance among the market’s top-selling imported models is notable, as the market has l

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Homeplus buyer search clouded by debt, labor challenges

Homeplus, which had been on the brink of liquidation, cleared a major legal hurdle with the court’s approval of its rehabilitation plan earlier this month. But while finding a new owner to continue the business is essential to Homeplus’ long-term recovery, it remains uncertain whether the company can attract a buyer given its substantial liabilities, labor-related challenges and a structural slump in traditional retail, industry officials said Monday. The decision by the Seoul Bankruptcy Court on Sept. 2, following a creditors’ meeting, formally allowed the retailer, controlled by private equity firm MBK Partners, to carry out the debt repayment and restructuring measures outlined in the plan. “After selling closed stores, we will pursue a merger and acquisition of the company itself to repay the remaining debt,” MBK Vice Chairman and Homeplus co-CEO Kim Kwang-il told the meeting. The retailer plans to divest 19 company-owned properties out of its 54 defunct locations by February 2028 to satisfy its outstanding debt obligations, and then push for a full company sale to fulfill

2 MIN READ
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President nominates ex-senior prosecutor as inaugural head of new investigation agency

President Lee Jae Myung has nominated a former senior prosecutor as the inaugural head of the Serious Crimes Investigation Agency ahead of the new investigation body's scheduled launch next month, a presidential spokesperson said Monday. Lee plans to refer the nomination of Kim Ji-yong, former chief of the criminal affairs department at the Supreme Prosecutors' Office, to the National Assembly for a confirmation hearing, according to presidential spokesperson Kang Yu-jung. The announcement came after Interior Minister Yun Ho-jung recommended Kim to Lee for appointment as head of the new agency, which is scheduled to launch on Oct. 2 and assume investigative authorities after prosecutors are stripped of all investigative powers under a revised Criminal Procedure Act. Describing Kim as well-versed in investigations, Kang said Kim is well suited for the task of promptly establishing and leading the new agency.

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ContributionKorea's universities face test of relevance

For years, debate about the future of Korean higher education has been dominated by demography. The concern is justified. The number of Koreans of university-entrance age is projected to fall from 460,000 in 2020 to about 280,000 by 2040, a decline of almost 40 percent, according to the Korean Council for University Education. Regional universities, many of them dependent on tuition income, are already confronting the consequences. But demography alone will not decide which universities survive. It will expose which institutions can still persuade students, employers, governments and communities that they provide value worth sustaining. Korea’s unavoidable demographic contraction is therefore also a test of relevance. That distinction matters. A university cannot reverse the country’s birth rate. It can decide whether its graduates acquire useful capabilities, whether its research addresses problems in which Korea can make a distinctive contribution and whether it creates demonstrable value for the region around it. These should be the three tests of relevance. The choices may be un

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Korea's economy grows 0.6% in Q2, matching initial estimate: BOK

The Korean economy grew 0.6 percent in the second quarter from a quarter earlier, driven by strong exports and investments related to artificial intelligence (AI), central bank data showed Tuesday. The country's real gross domestic product (GDP) — a key measure of economic growth -- rose 0.6 percent in the April-June period from three months earlier, according to preliminary data from the Bank of Korea (BOK). On a yearly basis, the economy expanded 3.7 percent in the second quarter, extending its growth momentum after expanding 3.8 percent on-year in the first quarter. The on-quarter figure matched the BOK's earlier estimate released last month, but it revised up growth in construction investment and intellectual property investment by 0.1 percentage point each, while cutting government consumption growth by 0.1 percentage point. The country's nominal GDP grew 9.2 percent in the three-month period that ended in June from three months earlier and expanded 26.4 percent from a year earlier, marking the sharpest growth since the third quarter of 1979, when the economy surged 27.7 percent o

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Korea's economy grows 0.6% in Q2, matching initial estimate: BOK thumbnail

The nerve conditions that affected Lee Sang-soon, HyunA and TWICE's Chaeyoung

Singer Lee Sang-soon’s decision to take a break from his radio show over what he described as “vagus nerve dysfunction” has drawn attention to health conditions involving the nerve. Other celebrities, including HyunA and TWICE’s Chaeyoung, have previously spoken about experiencing vasovagal syncope, a form of fainting. The singer and radio show host explained his recent absence from the show in a social media post Sunday. “I’m sorry to listeners for taking time off from the radio show without any explanation,” he wrote. “I suddenly felt unwell last Wednesday and couldn’t host the show. Since then, I’ve undergone various tests and consultations.” He added that he was still awaiting further testing but had been advised by his doctors to rest because of the neurological issue. Although his recovery remains unclear, Lee plans to focus on recuperating for now, following doctors’ advice that his condition could improve gradually with sufficient rest. “Since I don’t know when I’ll recover, I kept thinking, ‘If I feel better tomorrow, I should get back to hosting.

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COVER STORY Iran war hinders multiple Korea-US projects

Korea is facing an increasingly complicated task as it seeks to address a series of pending issues with the United States, as U.S. pressure for it to participate in the Iran war intertwines security and diplomatic challenges with economic and trade interests. While participating in the war in any form is not an easy decision for Korea to make, the growing pressure is effectively preventing progress in other major bilateral issues, including Korea's $350 billion investment commitment in the U.S. and its pursuit of domestically developed nuclear-powered submarines. U.S. President Donald Trump has repeatedly expressed frustration over Korea's reluctance to provide military support for the U.S. war on Iran. In a Fox News interview late last month he claimed that Seoul had turned down his request for help in the war and warned that he would "remember that." Voice of America reported on Saturday that a White House official said that the U.S. was “still waiting for Korea to commit resources” to the region. Seoul had been cautious about any potential participation, given its ties with Iran a

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[COVER STORY] Iran war hinders multiple Korea-US projects thumbnail

DPK chief pushes constitutional revision, leaves presidential term change open

Ruling Democratic Party of Korea (DPK) leader Kim Min-seok said Monday that his party will push for constitutional revision, including changes to Korea’s presidential system, bringing the politically sensitive issue of presidential terms back into focus. Kim stopped short of endorsing a specific model, saying the scope of any change should ultimately be determined through public consensus. “We will pursue constitutional revision that is realistically achievable, reflecting changes in the times and the demands of the people while respecting the procedural principles of the Constitution and the law,” Kim said in his first parliamentary floor speech since becoming party leader. “Including the May 18 Gwangju Democratic Uprising and the Busan-Masan Democratic Protests in the preamble to the Constitution would be the starting point,” he said. “As for changes to the power structure, we should go as far as the public wants.” Kim’s remarks come as President Lee Jae Myung has called for changing the current single five-year presidential term to a system allowing a president to serv

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Interview'AI sapiens era is inevitable, and education will determine its future'

Choi Jae-boong, professor of mechanical engineering at Sungkyunkwan University, says humans are evolving into “AI sapiens,” a new type of being that uses artificial intelligence (AI) as a natural extension of the mind, and education will determine how bright a future humanity can build in this new era. Choi wrote the 2019 book “Phono Sapiens,” which popularized in Korea the idea that smartphones had become indispensable to modern life. He expanded the concept to AI in his 2024 book “AI Sapiens,” which explores how humans using AI could reshape industrial structures and usher in a new civilization. Choi will deliver a keynote speech at the 2026 Korea Times Global Conference, scheduled for Sept. 15 at the Grand Hall of the Korea Chamber of Commerce and Industry. His speech will focus on the concept of “AI Sapiens” and what kind of leadership will be needed in the AI era. Widely regarded as an expert in applied AI science and a tech futurist who studies how emerging technologies will reshape our society, Choi told The Korea Times that humanity has always chosen tools that i

4 MIN READ
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Can 'Possible Love' win Lee Chang-dong top prize at Venice film festival?

Filmmaker Lee Chang-dong’s "Possible Love" received a seven-minute standing ovation at the Venice International Film Festival on Sunday (local time), with early reviews praising the director's strong comeback. The positive response builds hope that Lee might win the top prize he missed two decades ago. Twenty-four years after winning the Silver Lion for best director with "Oasis" in 2002, Lee is back at the Italian film festival, this time vying for the festival's top prize, the Golden Lion. "Possible Love” is his first film since 2018's "Burning.” The Hollywood Reporter called it "a profound meditation on trauma, loss of dignity, yearning and class envy," describing the film as "a sad but beautiful chamber piece, fleshed out by a superlative ensemble." The International Cinephile Society gave it 4.5 out of 5 stars, calling it "an absolute knockout of a film about love having the possibility to bridge divides and deliver freedom, even for a brief moment." At the film's press conference the same day, Lee addressed the eight-year gap since "Burning.” “I felt our lives themselves

3 MIN READ
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Public sector gender pay gap falls below 20% for 1st time

The gender pay gap at Korea's public institutions fell below 20 percent for the first time on record, part of a broader trend seen across the private sector as well. Women at public institutions earned an average of 60.56 million won ($45,300) in 2025, 19 percent less than men's 74.79 million won, according to a gender wage statistics survey released by the Ministry of Gender Equality and Family on Monday. The survey covered 3,146 companies subject to disclosure requirements and 355 public institutions. The gap narrowed 1 percentage point from a year earlier, the first time it has fallen below 20 percent since the ministry began compiling the statistics in 2020. Women's wages at public institutions rose 4.1 percent from a year earlier, outpacing a 2.9 percent gain for men. Average tenure stood at 10.6 years for men and 8.7 years for women, narrowing the tenure gap 1.8 percentage points to 18.1 percent. "Public institutions have wage systems that strictly limit gender discrimination, while private companies are less affected by those systems," said Kim Sung-hee, a professor at Korea Univ

2 MIN READ
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Hyundai's AI ambitions face investor reality check

Hyundai Motor’s ambitious artificial intelligence (AI) pivot faces a credibility test as foreign investors retreat amid lingering doubts over whether the carmaker can turn its costly bets on robotics and autonomous driving into profits. Foreign investors’ stake in Hyundai Motor topped 35 percent in January but fell to about 24.42 percent as of Friday, reversing much of the optimism that had surrounded the company’s push into physical AI and robotics. The retreat comes as Hyundai’s earnings outlook has become increasingly uncertain. The company has been hit hard by higher tariffs from the United States, rising costs and production disruptions, while labor strikes in Korea are expected to weigh further on the firm’s third-quarter earnings. Hyundai’s stock surged earlier this year, as investors embraced its ambition to move beyond traditional automobile business and capitalize on the rapid growth of AI and robotics. However, as the market has shifted its focus back to earnings, questions over when those investments will actually generate meaningful returns have grown. Hyundai ha

2 MIN READ
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Hair-loss treatment stocks emerge as Korea's latest market theme

Hair-loss treatment stocks have emerged as the latest theme in Korea's equity market, drawing investors searching for the next big pharmaceutical trade after the boom in obesity drugs, market watchers said Monday. Shares of JW Shinyak and Samik Pharm jumped 55.7 percent and 62.89 percent over the past week, respectively, as enthusiasm spread across Korean companies seen as having exposure to the hair-loss market. Hyundai Pharmaceutical also gained 32 percent. JW Shinyak, a pharmaceutical affiliate of JW Group, sells prescription drugs through hospitals, clinics and pharmacies. Its hair-loss portfolio includes oral and topical treatments, and the company is expanding into hair care cosmetics. Hyundai Pharmaceutical is a longtime player in Korea's hair-loss drug market, with a 39-year presence. Samik Pharm is positioning itself as a next-generation player. In January, it secured a patent for a platform technology aimed at converting once-daily oral hair-loss drugs into long-acting injections administered once a month. The gains extended beyond drugmakers. Bioneer, which develops hair-loss c

2 MIN READ
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EVAN channels fear of being forgotten into music on 1st mini album

Six months after walking away from one of K-pop's biggest boy bands, EVAN says the album he has built as a soloist is organized around his anxiety — that an artist whose music stops reaching people has "ceased to exist." The soloist, known until March as Heeseung of ENHYPEN, dropped his first mini album "DEATH OF ME" on Monday. He hosted a press event just hours ahead of the official release at the Grand Peace Palace at Kyung Hee University in eastern Seoul. The idea behind the album, he explained, came from a line in the anime "One Piece" about how a person truly dies only when they have been forgotten. "When my music no longer reaches people, my reason for existing as an artist disappears," he said. "This album carries the meaning that I won't let that happen." Belift Lab, the HYBE label that announced his departure from ENHYPEN on March 10 and that he remained with as a soloist, describes "DEATH OF ME" as an album about holding onto a tangle of emotions and moving forward anyway. The group, meanwhile, has continued as a six-member act since the announcement. Asked directly about the

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Editor's Pick

[COVER STORY] From Tiger to Align, shareholder activism takes root in Korea

COVER STORY From Tiger to Align, shareholder activism takes root in Korea

When a U.S. fund began challenging SK Telecom in 1999, corporate Korea was only beginning to learn what shareholder activism looked like. The country had only recently emerged from the depths of the Asian financial crisis, and its capital markets were opening rapidly to foreign investors. Tiger Management built a 6.6 percent stake in the country's largest wireless carrier and pressed for changes, including stronger external oversight and a greater say in how the company was run. The Chey family, one of Korea's chaebol dynasties and the controlling family behind SK Group, spent about 2 trillion won defending its grip on the group. Within months, Tiger had reaped about 630 billion won ($463.6 million) from selling its stake. The idea that an outside investor could buy into a major Korean company and publicly demand change was still novel — and deeply unsettling to many companies. Tiger's windfall only deepened suspicions that foreign funds were enriching themselves at Korea's expense. That wariness persisted. Sovereign challenged SK Corp. in 2003. Carl Icahn took on KT&G in 2006. Elliott

4 MIN READ

Life in Korea

Seoul expands guided night walks through historic districts

Seoul expands guided night walks through historic districts

Under the glow of neon signs and high-rise buildings, Asia’s late-night economies are usually associated with bustling night markets, rooftop bars and late-night shopping centers. Now, Seoul is taking a more historical approach aimed at keeping tourists on their feet past dusk: guided midnight walks along ancient fortress walls and illuminated royal palace grounds. The Seoul Metropolitan Government on Monday announced a major expansion of its evening walking tour programs as part of an aggressive push to convert casual daytime sightseers into high-spending nighttime tourists. The initiative extends the city's night tour calendar from a limited six-month season to nine months — stretching from mid-March through mid-November — while pushing back final departure times from 7 p.m. to 8 p.m. To capture the weekend crowd, special Friday Night Life tours will be held as late as 9 p.m. across prime central locations. The effort is central to the city’s broader strategy to build a "24-Hour Vibrant Economic City." Rather than simply encouraging bar owners to stay open later, municipal le

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2026 Jongno Hanbok Festival to take over Gwanghwamun Square

2026 Jongno Hanbok Festival to take over Gwanghwamun Square

2 MIN READ
Mosquito numbers double in just a week as scorching summer heat eases

Mosquito numbers double in just a week as scorching summer heat eases

2 MIN READ

Lifestyle

AI meets history at Gyeongju's landmark World Heritage Industry Expo

Ancient history meets cutting-edge innovation this week as Gyeongju, the former capital of the Silla Kingdom (57 B.C.–935 A.D.), transforms into a testing ground for the future of cultural preservation. The 2026 World Heritage Industry Expo opens its doors Thursday, offering a glimpse into how artificial intelligence, extended reality and immersive media can revitalize the nation’s heritage sector. Marking its 10th anniversary, this year’s milestone event stands as the largest to date, uniting 133 companies, research institutions and organizations. The expansion reflects a broader national push to bridge historical conservation with high-tech industries, turning legacy into a forward-looking economic engine. Across the venue, dynamic exhibitions will span advanced restoration tech, digital archive tools, consumer products and interactive public installations. The core focus of the 2026 program lies in the integration of AI and extended reality, tools increasingly used in historical reconstruction, digital storytelling and global outreach. On Friday at 2 p.m., Suwen Wang, a special

2 MIN READ
AI meets history at Gyeongju's landmark World Heritage Industry Expo
Inside Jung Kook's medicine bag: Here's what experts say

Inside Jung Kook's medicine bag: Here's what experts say

3 MIN READ
Korea reimagines overseas cultural centers as gateways to Korean lifestyle

Korea reimagines overseas cultural centers as gateways to Korean lifestyle

2 MIN READ
Korea Heritage Service sets up temporary shelter to restore Egypt's Ramesseum temple gate

Korea Heritage Service sets up temporary shelter to restore Egypt's Ramesseum temple gate

2 MIN READ
Whole-wheat bread but blood sugar still spikes? Beware of this ingredient

Whole-wheat bread but blood sugar still spikes? Beware of this ingredient

2 MIN READ

K-Culture

TripleS cuts concert price amid rising K-pop ticket costs

K-pop girl group tripleS slashed its concert ticket prices. As inflation continues to drive up costs, live concert tickets have risen sharply, and in an industry where tickets routinely exceed 200,000 won ($149), the group's move has inevitably captured the attention of K-pop fandoms. The group kicks off its new world tour, "ANDLESS," at Jangchung Arena in Seoul on Oct. 10 and 11. This Seoul leg drew intense interest because Modhaus, the group's agency, priced S-section tickets at 30,000 won. Concert ticket prices have gradually climbed in recent years. As production values rise and staging becomes more extravagant, regular admission seats now often cost well above 100,000 won while VIP seats at major K-pop agency shows routinely exceed 200,000 won. Once elevated, concert ticket prices often become the new standard. Amid this trend, tripleS took the opposite approach, opting not for a temporary discount, but to lower the barrier to entry for the live concert experience and make performances accessible to a broader audience. Modhaus cited audience accessibility as the main reason for the

2 MIN READ
TripleS cuts concert price amid rising K-pop ticket costs
ZEROBASEONE's Sung Han-bin to make solo debut on Oct. 12

ZEROBASEONE's Sung Han-bin to make solo debut on Oct. 12

2 MIN READ
Jay Park surprises fans with new single 'Daddy'

Jay Park surprises fans with new single 'Daddy'

1 MIN READ
IU to release new digital single next week

IU to release new digital single next week

1 MIN READ
Monsta X releases new EP 'The Phase'

Monsta X releases new EP 'The Phase'

1 MIN READ

Celebrities

Former Thai idol shares photo with BLACKPINK's Lisa

Pleum, a former member of Thai boy band V.R.P and a friend of BLACKPINK's Lisa, shared a photo of the two together. Pleum posted the image Saturday with the caption, "Hello SaWaDiKa. I’m screaming [you're doing great] since yesterday." The photo shows the two smiling for the camera. Wearing a striking red crop top and skirt, Lisa has her arms around Pleum's shoulders while he rests his arm around her waist. The two smiled brightly, highlighting their friendship. Meanwhile, the recently released documentary film "Always Lalisa" chronicles Lisa's journey from trainee to solo artist. "In K-pop culture, we can't date," she said in the film. "When I was younger, I dated a few times, but we had to hide when we're dating. I didn't want my dating to be the thing that hurts Blackpink's popularity." She noted she drew on those experiences for her album. The singer has been romantically linked to Frédéric Arnault, heir to the LVMH luxury empire, since 2023, though recently there has been speculation that the two had split up. She was subsequently linked to Thai actor Blue Pongtiwat in unconfirmed r

1 MIN READ
Former Thai idol shares photo with BLACKPINK's Lisa
Seo Kang-joon says he's had plenty of unrequited crushes despite good looks

Seo Kang-joon says he's had plenty of unrequited crushes despite good looks

2 MIN READ
'Empress Ki' star Baek Jin-hee to marry after long-distance romance

'Empress Ki' star Baek Jin-hee to marry after long-distance romance

1 MIN READ
Lisa reveals solo song was inspired by past secret relationship, says ex approved its release

Lisa reveals solo song was inspired by past secret relationship, says ex approved its release

1 MIN READ
Ansel Elgort faces Korean backlash for wearing Japanese attire in Seoul

Ansel Elgort faces Korean backlash for wearing Japanese attire in Seoul

1 MIN READ

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Opinion

Top 10 Stories

  1. Hair-loss treatment stocks emerge as Korea's latest market theme

  2. COVER STORY Iran war hinders multiple Korea-US projects

  3. Iran warns Korea over possible Hormuz deployment

  4. Suspect arrested after body of missing woman found in cafe freezer

  5. ED Prepare for era of extreme aging

  6. Korean president announces initiative to invest $581 mil. in cinema with France

  7. 2026 Jongno Hanbok Festival to take over Gwanghwamun Square

  8. Nighttime splashes draw nearly 600,000 to Seoul's Han River parks this summer

  9. Lee calls for partnership linking local content with global platforms

  10. Interview'AI sapiens era is inevitable, and education will determine its future'

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