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Riding a wave of AI-driven semiconductor demand, South Korea's economy grew 1.8 percent in the January-March period, as booming chip exports powered one of the strongest expansions in recent years, central bank data showed Tuesday. The country's real gross domestic product expanded 1.8 percent from the previous quarter, 0.1 percentage point higher than the Bank of Korea's preliminary estimate released in April. The stronger-than-expected growth was largely fueled by the semiconductor industry, w

The Korea Herald

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MMA 2026 expands to 2 days

This year's Melon Music Awards will be held at Gocheok Sky Dome in Seoul on Nov. 14-15, announced Kakao Entertainment on Tuesday. It will be the first time the annual award ceremony, launched in 2005, is held over two days. MMA 2026 will be held under the theme “K-Pop: Connect: The New Pulse.” Melon, one of the largest music platforms in Korea, recently announced its partnership with Japan’s LINE Music and China’s Tencent Music. Data from all three platforms will be reflected in the award result

S. Korea's economy expands 1.8% in Q1, faster than earlier estimate

The South Korean economy grew at the fastest pace in more than five years in the first quarter, supported by strong exports and solid domestic demand, central bank data showed Thursday. The real gross domestic product rose 1.8 percent in the January-March period from the previous quarter, 0.1 percentage point higher than the earlier estimate, according to preliminary data from the Bank of Korea. The reading marked the strongest quarterly growth since the third quarter of 2020, when the economy g

[Graphic News] Infertility treatments rise nearly 40% in 4 years

Infertility treatment procedures in South Korea rose nearly 40 percent over four years, according to data from the Health Insurance Review and Assessment Service. A total of 203,101 procedures, including discontinued cycles, were performed in 2023, up 38.9 percent from 146,354 in 2019. By procedure type, artificial insemination fell 12.2 percent to 31,591 cases over the cited period, while in vitro fertilization jumped 55.4 percent to 171,510 cases. Single-cause infertility accounted for 67.5 pe

The Korea Herald

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IT/기술

LG, Nvidia chiefs pledge to cooperate on robots, AI data centers

LG Group Chairman Koo Kwang-mo and Nvidia CEO Jensen Huang met Monday at LG Twin Towers in Yeouido, western Seoul, to discuss collaborations spanning robotics, AI data centers and mobility. Koo greeted Huang in the lobby alongside LG Vice Chairman and COO Kwon Bong-seok and LG Electronics CEO Lyu Jae-cheol, and the group held what LG described as a top management meeting. It was the second time the two men had met in three days after a Friday dinner in Hongdae with the chairmen of SK and Naver,

The Korea Herald

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IT/기술

Data centers: needed for AI, unwanted next door

Data centers are becoming Korea’s new neighborhood battleground. The issue resurfaced during last week’s local elections, as several candidates for district mayor and local council seats in the greater Seoul area pledged to review or intervene in ongoing data center projects. Some of them were elected. Small-scale data centers planned across Seoul, Incheon and Gyeonggi Province have faced growing opposition from residents, with some disputes escalating into legal complaints. One of the most prom

The Korea Herald

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정치

After the election, campaign banners end up as waste

Each election produces a substantial amount of waste, as campaign banners, paper leaflets and promotional materials are typically discarded once the voting is over. Although the total volume of banner waste from this year's local elections has not yet been determined due to ongoing removal efforts, election-related waste has again attracted media attention, as such events typically generate thousands of tons of waste. Data from the Ministry of Environment and the National Election Commission ind

The Korea Herald

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IT/기술

Naver joins hands with Nvidia to expand AI infrastructure

South Korea's Naver Corp. said Monday it will partner with Nvidia Corp. to build large-scale, global artificial intelligence infrastructure, starting with an expansion of its data center in Sejong. The portal giant will use Nvidia's DSX platform to expand its Gak Sejong data center in Sejong, in central Korea, starting with 55 megawatts by the early half of 2027 and gradually expand its capacity overseas with plans to move to a gigawatt scale, the IT company said in a release. One gigawatt is ne

The Korea Herald

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'Colony' tops weekend box-office chart for 3rd week

The Korean zombie thriller "Colony" ranked No. 1 at the weekend box office for the third straight week following its release, ahead of the comedy "Wild Sing," data showed Monday. The blockbuster had logged 4,727,520 accumulated admissions as of Sunday, adding 603,868 admissions over the weekend, according to the data released by the Korean Film Council, which compiles admissions from Friday through Sunday for its weekend chart. "Colony" is the latest zombie thriller from director Yeon Sang-ho, k

The Korea Herald

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IT/기술

Nvidia taps Naver for gigawatt-scale AI cloud push in Korea

Nvidia and Naver are expanding their artificial intelligence infrastructure partnership and sovereign AI initiative, using the Korean internet giant’s existing data center in Sejong as the starting point to scale AI cloud capacity toward gigawatt-level AI factories. Nvidia said in a media prebriefing early Monday that it will work with Naver across its full AI stack, from DSX-based AI factories to Nemotron-powered sovereign AI models and Cosmos-enabled physical AI, as the US chip giant seeks to

KT&G emerges as unlikely foreign favorite

So far, 2026 has been as good as it gets for South Korea's benchmark Kospi, with investors piling into chipmakers and artificial intelligence-driven data center plays. But outside the AI trade, few stocks have attracted as much attention as KT&G. Foreign ownership of the tobacco maker recently exceeded 50 percent for the first time in seven years as its shares climbed to a record 190,000 won ($123), up from a 52-week low of 119,200 won. With foreign ownership now on par with SK Hynix and surpass

S. Korean retail investors sell over W1tr won in overseas stocks in 1st week of June

South Korean retail investors sold over 1 trillion won ($641 billion) worth of overseas stocks in the first week of June, data showed Sunday, suggesting their possible return to the local stock market amid record-breaking gains led by semiconductor shares. Local retailers sold a net $793.67 million worth of foreign stocks from Monday through Friday, continuing their net selling streak that began in April, according to the data from the Korea Securities Depository. The figure far surpassed the ne

OECD projects S. Korea's potential growth rate to hit record low in 2027

South Korea's potential growth rate is projected to fall to a record low next year, according to the Organization for Economic Cooperation and Development on Sunday, despite robust exports fueled by a semiconductor boom. The OECD's latest data shows the country's potential growth rate at 1.52 percent in 2027, down sharply from 1.66 percent this year. On a quarterly basis, the country's potential growth rate is expected to decline further to 1.46 percent in the fourth quarter of next year. The po

The Korea Herald

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Tesla Model Y becomes first foreign vehicle to top Korea’s monthly sales

Tesla’s Model Y SUV has become the first foreign vehicle to top Korea’s monthly passenger car sales, overtaking domestic models in a market long dominated by Hyundai Motor Group. According to recent data by the Korea Automobile Importers & Distributors Association, the Model Y sold 8,762 units in May. It secured the top spot ahead of Hyundai and Kia’s bestselling models, including Kia Sorento SUV (7,836 units), Hyundai Grandeur sedan (5,183 units), Kia Sportage SUV (4,760 units) and Kia Carnival

Overseas card spending nearly unchanged in Q1

South Koreans' overseas card spending remained nearly unchanged in the first quarter from three months earlier as lower overseas direct purchases offset gains from an increase in outbound travelers, data showed Friday. The amount of money spent overseas by South Koreans with credit and debit cards came to $6.1 billion in the January-March period, down just 0.1 percent from $6.11 billion posted three months earlier, according to data from the Bank of Korea. Compared with a year earlier, the figur

S. Korea posts second-largest current account surplus in April: BOK

South Korea posted its second-largest monthly current account surplus in April, driven by strong exports of semiconductors, central bank data showed Friday. The current account surplus totaled $28.29 billion in April, down from an all-time high of $37.93 billion in March, according to the data from the Bank of Korea. Compared with the same month a year earlier, the figure surged from $4.51 billion, marking the second-largest monthly surplus on record after the March figure. South Korea has repor

Zombie thriller 'Colony' hits 4 mln admissions

The Korean film "Colony" continued its upward streak, drawing more than 4 million admissions since its release last month, data showed Thursday. The star-studded blockbuster reported 4,043,762 accumulated admissions as of Wednesday, adding 331,493 admissions from the previous day, according to the data released by the Korean Film Council. The milestone came on the 14th day of its release, marking the fastest pace by a film released in South Korea this year. "Colony" is the latest zombie thriller

Foreign reserves drop in May on FX market-stabilizing measures

South Korea's foreign reserves fell slightly last month amid efforts by authorities to manage exchange rate volatility, the central bank said Thursday. The country's foreign reserves stood at US$426.99 billion as of end-May, down $880 million from a month earlier, according to data from the Bank of Korea (BOK). The figure had risen $4.22 billion in April, following a $3.97 billion decline in March, which was the sharpest monthly drop in about a year. The BOK attributed the on-month decline to au

The Korea Herald

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Hackers breach Tving database, exposing user data

South Korean streaming platform Tving said Wednesday that it had identified a data breach involving unauthorized access to users' personal information. In a notice posted on its website, the company said the compromised data may include user IDs, names, dates of birth, gender, mobile phone numbers and email addresses. Resident registration numbers and payment-related information were not exposed, according to the company. Tving did not disclose the number of affected users. According to Tving, t

Sesame oil exports hit new record high through April on Korean food popularity

Exports of sesame oil soared 37 percent in the first four months of 2026 from a year earlier to set a new record amid the growing popularity of Korean food around the world, data showed Tuesday. Outbound shipments of sesame oil reached $6.14 million in the January-April period, with the shipment volume jumping 47.6 percent to 657 tons over the period, according to data compiled by the Korea Customs Service. "Following higher demand for vegetable oil products driven by the global popularity of he

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