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Imagine how a first-time buyer who bought into the five per cent deposit scheme feels owing 95 per cent on an asset that’s losing value thanks to the backflip on negative gearing.

A series of cyberattacks on grocery stores out of Europe raises concerns for cyber threats stateside.

Flying used to be seen as a luxurious experience. Now, it’s more likely to be something you dread.

Hong Kong firefighters have rescued a 67-year-old woman from a flat in Tin Shui Wai after a blaze broke out, prompting about 100 people to flee. A preliminary investigation suggested aromatherapy items ignited objects in the flat. Police said officers were alerted at 5.39pm on Saturday after smoke was seen billowing from a flat at Locwood Court in the Kingswood Villas private estate. Firefighters forced entry into the flat, where they found the woman, and extinguished the fire, police said. The...

Negotiators from Russia, Ukraine and the U.S. are to meet on Tuesday in Abu Dhabi, the capital of the United Arab Emirates, for talks aimed at ending the war.

Kim Min-seok, chairman of the ruling Democratic Party of Korea (DPK) and former prime minister, is facing a test of his credibility after an internal investigation failed to substantiate his claims of a “secret alliance” involving his leadership rival and the nonmainstream religious sect Shincheonji. On Friday, Kim apologized again during the party’s Supreme Council meeting. It was his third apology over the controversy, following remarks at Tuesday’s closed-door meeting of party lawmakers and on the party’s YouTube channel on Thursday. “I once again offer my apologies to everyone who was hurt as I raised serious concerns and warned about religious interference in politics during the party’s leadership election,” Kim said. He was referring to his allegation in the run-up to the Aug. 17 party leadership election that the anti-President Lee Jae Myung faction within the party and Shincheonji had formed a secret alliance. The claim targeted the camp of his leadership rival, former Chairman Rep. Jung Chung-rae. After raising the allegation and winning the leadership race, Kim

In an unconventional lifeline for Korea's traditional press, a diverse corporate coalition spanning tech, retail and entertainment has agreed to rescue JoongAng Ilbo, one of the nation’s most influential conservative daily newspapers. Under a 520 billion won ($388 million) conditional agreement approved Wednesday by the boards of Daou Technology, Saramin, CJ Corp. and Shinsegae, the newly injected capital will flow directly into the newspaper to clear its debts and pull the media outlet out of a creditor-led workout program it entered this summer. According to an assessment by Korea Investors Service (KIS), a Moody’s affiliate, the acquiring companies possess the financial capacity to comfortably fund the transaction. Under the agreed funding structure, Daou Technology will cover 36.5 percent of the total, or about 189.8 billion won, while CJ Corp. will contribute 35.7 percent, or 185.6 billion won. Shinsegae is participating alongside CJ as a financial investor with a 14.1 percent stake (73.3 billion won), and online job portal Saramin will provide 13.7 percent (71.2 billion won).

Korean sellers are finding new opportunities in the global collectibles market, as overseas buyers are willing to pay a premium for rare, hard-to-find items, with trading card sales by Korean sellers on eBay more than tripling year-on-year in the third quarter. EBay said Friday that Korean sellers in the Collectible Card Games Category saw the highest sales growth among all Korean sellers on the global e-commerce platform from July to September this year. Trading cards featuring characters, artists or celebrity athletes fueled platform users’ attraction toward the Korean resellers. The most popular trading cards featured characters from the globally popular animated franchise Pokemon and iconic League of Legends esports team T1. The top-selling item in the category was the 2026 KOREA MEGA FESTA Magikarp card, which also ranked ninth in overall sales among Korean sellers on eBay. The Riftbound X 2025 World Champion T1 Signature Edition Card fetched a premium even during prelaunch sales, demonstrating a global fandom around the product itself and the team represented by professional gam

The Hechyeomoyeo (HCMY) opened its 18th mass exhibition at KOTE in central Seoul's Insa-dong on Wednesday. The opening party featured music, live drawing, face painting, clowns and flash tattoos, as art lovers from Korea and all around the world crowded into all five floors plus the roof and basement of the aging building that houses KOTE. “My approach is straightforward: If someone tells me they have a creative skill to share, I try to find a place for them in the event,” Neil Wheelock Deforest Smith, the American artist who started HCMY, told The Korea Times. HCMY is an independent art initiative that began in Korea as an effort to make exhibition opportunities more accessible to Korea-based artists. It has grown into an international community, connecting hundreds of creators across continents. Despite its global reach, HCMY maintains a strong connection to its Korean roots. Smith estimates that approximately 65 percent of the participants at HCMY's Korean exhibitions are Korean nationals, while around 20 to 30 percent are foreign residents, and the rest are international artists

Labor Minister Kim Young-hoon on Saturday called on officials to play a more active role in preventing industrial accidents and protecting workers. The minister presided over an emergency teleconference with senior labor officials from across the country. Emphasizing that safety at worksites cannot wait, he said companies should bear heavy responsibility when serious accidents occur. "We must treat with real urgency any business where the same kind of serious accident keeps happening," he said, telling officials to keep such companies under particular scrutiny. He also called for stern action against employers who cut safety spending to protect their profits. "We must make it clear to business owners if they still put cost-cutting ahead of safety even when a worker has died, they will be held heavily responsible," he added. Kim also vowed to work closely with the ministry's regional offices. Under the new Labor Inspector Act, which takes effect Dec. 8, some of the ministry's inspection authorities will be delegated to local governments.

Click here for more articles by Kormedi.com. Actress Park Han-byul, 42, recently shared her concerns about thinning hair, saying that changing her shampoo made a noticeable difference after other remedies failed to deliver results. But can switching shampoos really prevent or reduce hair loss? In a video posted to her YouTube channel on Wednesday, Park said she had noticed her hair becoming thinner as she got older. "I used to have incredibly thick hair. I really had so much of it, but as I've gotten older, I've felt like I've been losing quite a bit," she said. "I tried eating black beans, which are supposed to be good for hair loss, and using hair masks, but I didn't see much improvement." Park said she believes consistent daily care is the key to managing hair and scalp health. "I'm someone who truly believes that taking care of yourself consistently every day is the answer," she said. "So I thought, why not try changing the shampoo I use every day? I switched shampoos, and for me, that worked better than anything else." Can shampoo really help with hair loss? Whether shampoo can effecti

The personal information of some 39,000 customers and employees has been leaked from Mirae Asset Securities Co., the securities firm said Saturday. Mirae Asset Securities, the country's leading brokerage house, said the account numbers of some 3,800 customers and the personal information of over 35,000 current and former employees, as well as contractors, were leaked. The Korean brokerage said unauthorized external access occurred Wednesday and Thursday, targeting its mobile web phone authentication login service and internal system, respectively. The leaked non-customer, corporate data included names, employee ID numbers, email addresses, mobile phone numbers and passwords. Mirae Asset said it immediately blocked the affected access routes after detecting suspicious activity from external IP addresses and activated its emergency response system. The company also said it reported the incident to the Financial Services Commission, the Financial Supervisory Service and the Personal Information Protection Commission. The data breach came days after its sister companies, including Mirae Asset