UBS Group AG is looking to retain more than 100 Credit Suisse Group AG investment bankers across Asia as part of a plan to shore up talent in markets where its rival has a stronger presence, a source with direct knowledge of the matter said. Switzerland's biggest bank is in advanced discussions to keep dozens of Credit Suisse's senior dealmakers in countries including South Korea, Thailand, Viet...

K-pop idol. Used tyre salesman. Hip-hop mogul. The course of true success has never run smoothly, but Korean-American entertainer Jay Park has had an unusually bumpy ride to stardom. The 36-year-old is now one of South Korea's most recognisable entertainers: he's founded two of the country's largest hip-hop labels, released a string of hits, has his own soju liquor brand and was the first Asian-...

The presidential office said Monday it has recommended collecting the license fee for state broadcaster KBS separately from the electricity bill amid overwhelming public support. The recommendation was sent to the Korea Communications Commission, the state broadcasting watchdog, and the industry ministry, calling for an amendment to relevant laws and the implementation of follow-up measures. KB...

Lotte Group, the nation’s fifth-largest conglomerate, said Monday it has recently set up a future growth task force at its Korean and Japanese headquarters in an apparent move to accelerate the retail giant’s “One Lotte” strategy. The team, consisting of four members, aims to shape Lotte’s long-term strategy and nurture future growth drivers as well as seek business synergies with Lotte Japan. ...

Cooperation between South Korea and Germany remains vital in working towards the shared goal of developing sustainable solutions for the environment and the future, Peter Winkler, deputy head of mission at the German Embassy in Seoul, said at a conference held in Busan on Saturday. Speaking at the Korean-German Energy Day conference held on May 26, he underlined the expansion of renewable energy...

Visitors to the trade fair experienced a diverse array of food and discover the unique culinary and gastronomic traditions of the ASEAN nations. The ASEAN Trade Fair 2023 serves as a platform for strengthening economic ties, promoting cultural exchange, and fostering cooperation between ASEAN and Korea in the food and beverage sector, said AKC in a press release. AKC Secretary General Kim Hae-y...

Boy band Xdinary Heroes will meet fans in person at its first fan meet, slated to be held in Seoul on July 15-16, announced label JYP Entertainment on Monday. The six members will also mark the launch of the group's official fan club, Villains, through the event, themed after a summer camp. The band debuted in 2021 with the digital single “Happy Death Day” and finished promoting its third EP “D...

K-pop girl group fromis_9 returned on Monday, splashing down for the summer with its new album "Unlock My World." The new release is the first full-length album from the eight-piece since its debut in 2018. "It's our first LP, and we were determined to showcase good music with it. We shared a lot of conversations and poured ourselves into every small detail," the band's leader Lee Sae-rom said ...

Kumar also underlined World Environment Day and introduced "Mission LiFE" (Lifestyle for Environment) initiative of the Indian government to promote sustainable living practices, conserving the environment, and encouraging individuals to become "Pro-Planet People." Moreover, Kumar applauded the declaration of the United Nations of 2023 as the International Year of Millets. Introducing nutrition...

The South Korean government on Monday approved a bill to remove the sunset clause for the death penalty in a bid to prevent inmates on death row from avoiding execution after 30 years in prison. The revision, once enacted, will be applied retroactively, the government added. Before being signed into law, the revision bill, which was proposed by the Ministry of Justice, will require parliamentar...

South Korea's biopharmaceutical company Celltrion announced Monday that the company will cooperate with the US biotech firm Rani Therapeutics to develop an oral version of the Humira biosimilar CT-P17. CT-P17, also known as Yuflyma, is a high-concentration, low-volume and citrate-free biosimilar of Humira, an injectable treatment for rheumatoid arthritis and other autoimmune conditions, develope...

South Korean drugmaker Daewoong Pharmaceutical said Monday that it is in talks with multinational pharmaceutical companies to carry out clinical trials of Fexuprazan, its new gastroesophageal reflux disease treatment, in key markets such as the US, Europe and Japan. The announcement comes after Daewoong ended its partnership with US biotech firm Neurogastrx on the same day. Earlier in June 2021...

Suspect reported to have some 700 photographs of juveniles and sexually harassed one teen in person

Seoul shares ended higher Monday amid hopes that the US Federal Reserve may not raise interest rates this month due to signs of slackening in the US labor market. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) rose 14.05 points, or 0.54 percent, to close at 2,615.41. The main index continued to close at above 2,600 after surpassing the 2,600 le...

Meanwhile, "9 to 5," hailing from the UK, premiered in Korea at the International Daegu Musical Festival. The musical, based on the 1980 comedy film of the same name, was originally introduced in 2008 before opening on Broadway in April 2009 and moving on to London's West End three years later. "9 to 5" starts and ends with a title song made famous by Dolly Parton, with a video appearance of the...