Korean Air finalizes $44.8 bil. purchase plan announced last year

The Korea Times - Sep 17, 2026

Korean Air has finalized contracts to purchase 103 next-generation Boeing aircraft and aircraft engines and maintenance services from U.S. companies in deals worth a combined $44.8 billion, completing a major U.S. procurement plan announced last year. The airline said Wednesday that it signed final agreements covering $36.2 billion worth of Boeing aircraft and $8.6 billion in spare engines and engine maintenance services from GE Aerospace and CFM International. The deals finalize the $44.8 billion U.S. purchase plan announced by Hanjin Group Chairman Cho Won-tae in Washington in August 2025, during President Lee Jae Myung's visit to the United States. Korean Air said the signing ceremony was held Tuesday at the Conrad Seoul hotel in Yeouido and jointly hosted with Boeing. Senior executives attending the event included Cho, Boeing Commercial Airplanes President and CEO Stephanie Pope and CFM International President and CEO Gaël Méheust. Government and financial officials from Korea and the United States also attended, including Korean Minister of Trade, Industry and Resources Kim Jung-k

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Sep 17, 2026

NK leader's sister dismisses IAEA's denuclearization calls, reiterates nuclear status

Kim Yo-jong, the powerful sister of North Korean leader Kim Jong-un, on Thursday rejected international calls for denuclearization as "all noises," calling the regime's nuclear status "absolute." She made the remarks in a statement carried by the Korean Central News Agency (KCNA) as the 70th regular session of the IAEA General Conference is currently under way in Vienna, Austria. The conference has voiced concern over North Korea's expanding nuclear capacity, urging Pyongyang to abandon its nuclear weapons program in a complete, verifiable and irreversible manner in compliance with the Non-Proliferation Treaty (NPT). Ahead of the session, the agency also released the IAEA Director General's Safeguards Report on North Korea, detailing a substantial increase in Pyongyang's uranium enrichment capacity and the expansion of its core nuclear facilities. The North Korean leader's sister dismissed the calls as "all noises, not surprising and not new." "No matter how desperately the IAEA and the West may hold periodic meetings and talk about the denuclearization according to the fixed scenario, th

Sep 17, 2026

5-year term upheld for drunk driver who killed Japanese woman

A court of appeals on Thursday upheld a five-year prison sentence for a man in his 30s who was indicted for drunk driving in downtown Seoul and hitting a Japanese woman and her daughter last year, killing the mother. The appellate division of the Seoul Central District Court issued the ruling after dismissing the appeal filed by the man identified only by his surname Seo, saying there were no grounds to reduce his sentence or grant him leniency. Seo is accused of drunk driving after consuming three bottles of soju on the night of Nov. 2 last year and hitting the two Japanese women as they crossed a pedestrian crosswalk near Dongdaemun Station in Seoul's Jongno Ward. The mother in her 50s was taken to a nearby hospital in cardiac arrest and later died, while her daughter in her 30s sustained minor injuries. Seo's blood alcohol concentration was 0.212 percent, well above the 0.08 percent legal threshold for license revocation. The accident reportedly occurred on the first day of the two women's three-day trip to Korea. In early May, the Seoul Central District Court sentenced Seo to five ye

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Sep 17, 2026

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Sep 17, 2026

Illegal imports of weight-loss drugs top 5,000 through Aug.: customs agency

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Special counsel team raids election watchdog in probe into ballot shortages

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Sep 17, 2026

Korean Catholic Church voices 'deep concerns' over abortion bill plan

The Korean Catholic Church has expressed "deep concerns" over government plans to formally introduce abortion pills and urged for a reconsideration. The Catholic Bishops' Conference of Korea (CBCK) made the call in a statement issued Wednesday after the government announced plans to allow the use of abortion pills by women up to nine weeks pregnant. "The CBCK voices deep concerns as this measure would only institutionalize abortion in an 'orderly' manner, without changing its fundamental nature, while allowing a disregard for life to be more deeply rooted in our society," the organization said. The Korean Catholic Church said the phased introduction of abortion pills is merely a "road map" to expand them, stressing that regardless of how well the process is built, it does not change the fact that the pill kills a human life in the womb. The CBCK said a society that truly respects humans is not one that gets rid of the most vulnerable life to ease the difficulties of women but one that takes the responsibility so that women would not have to give up on new life. In such a regard, it asked

Sep 17, 2026

Chungnam National University students complete AI research program in US

Chungnam National University on Tuesday welcomed students who had returned from the University of Illinois Urbana-Champaign (UIUC) in the United States after completing research projects there. The welcome ceremony was organized by the university’s National Center of Excellence in Software project team and its affiliated Convergence Security Research Center. Chungnam National University said the ceremony brought together students in the Global Software & AI Talent Program and related university officials. Twenty-four students participated in the AI and Generative Models: From Algorithms to Applications research program. Students from the School of Computing and Artificial Intelligence and the Department of Artificial Intelligence in the College of Engineering were selected to participate in the four-week program at UIUC, beginning July 10. Upon their return, they presented the final results of the projects they carried out during their stay at the U.S. university, while also sharing their experiences there. The students conducted a range of advanced research projects focused on generati

Sep 17, 2026

Ex-President Yoon indicted over wife's luxury bag case

Prosecutors on Thursday indicted former President Yoon Suk Yeol on anti-graft charges in connection with his wife's alleged acceptance of a luxury bag in 2022, officials said. It marks the latest criminal indictment against the jailed former president, who is standing multiple trials following his failed 2024 martial law bid and subsequent ouster from office. In the latest case, Yoon faces charges of failing to report former first lady Kim Keon Hee's alleged receipt of the Dior bag, worth 3 million won ($2,170), from a pastor in 2022 as required by the anti-graft law, according to the Seoul Central District Prosecutors Office. Prosecutors had decided not to pursue charges over the case in October 2024, when Yoon served as president, citing a lack of connection to his official duties. The latest move comes after a Seoul district court in June convicted Kim on charges of accepting the luxury bag among other valuables in exchange for favors. The case is currently under review at an appellate court. Separately, prosecutors decided not to indict Yoon on charges of violating the election law fo

Sep 17, 2026

Busan unites foreign workers through sports, culture, safety

On the factory floors and shipyards of Korea’s second-largest city, foreign laborers power key sectors of the regional economy. Home to over 60,000 foreign residents, the southeastern port city of Busan relies heavily on migrant workers to keep its industrial hubs running. This weekend, city authorities are swapping heavy machinery for tug-of-war ropes, traditional folk dances and workplace safety quizzes to help those workers feel more at home. The city of Busan said Thursday that it will host its third annual Sports and Cultural Festival for foreign workers Sunday. Running from 12 p.m. to 5 p.m. at Hwaam Park in the Gangseo District — a heavy industrial heartland housing hundreds of manufacturing plants — the event is expected to draw roughly 700 foreign workers, their families and local community leaders. Organized by the Busan Foreign Worker Support Center and backed by the city government along with local labor unions, the gathering aims to build community bridges in a country rapidly turning to overseas labor to offset its shrinking domestic workforce. The festival blends recr

Sep 17, 2026

Korea Foundation honors US Peace Corps vets for decades of grassroots diplomacy

The Korea Foundation (KF) presented the 10th Korea Foundation Award to Friends of Korea (FoK), Wednesday, at The Plaza Hotel in Seoul, honoring the nonprofit for its decades of grassroots diplomacy and dedication to fostering ties between Korea and the United States. Founded in 2002 by former U.S. Peace Corps volunteers who served in Korea from the 1960s through the 1980s, FoK has spent over two decades deepening mutual understanding between the two nations. The Peace Corps originally deployed thousands of young Americans to teach English and support rural development across Korea. Since then, FoK has built an extensive historical archive of those early missions while promoting Korean culture in the U.S. through public education, publishing and community outreach. The award ceremony served as a celebration of enduring cross-cultural bonds. FoK Chairman Gerard Krzic and board member Jenna Gibson accepted the top honor on behalf of the group, presenting KF President Song Gui-do with a commemorative plaque titled "Sixty Years of Friendship" to mark six decades of Peace Corps' legacy in Ko

Sep 17, 2026

Seoul city to hike Han River ferry fares for weekends starting next year

The Seoul city government said Thursday it seeks to increase fares for its Han River ferry shuttle service on weekends and public holidays next year in a bid to better distribute costs. The "Hangang Bus" service fare is expected to rise from the current 3,000 won ($2.17) to around 5,000 to 10,000 won on weekends and holidays next year, the city said, as the service marks its first anniversary Friday. The ferry service links major points along the Han River that runs through the capital, and has carried more than 600,000 passengers since its launch on Sept. 18, 2025, according to the city government. The city is pushing for the fare hike as there is more demand for the service on weekends, a city official said, adding that a final decision is expected to be made in April next year after public hearings. Seoul Mayor Oh Se-hoon said the city also plans to increase the number of piers and ferries to reduce waiting intervals to 15 minutes, while diversifying routes by introducing an express service. The city government said it plans to expand the ferry service into a form of public transit bey

Sep 17, 2026

Confirmation hearing reports adopted for justice, defense minister nominees

Parliamentary confirmation hearing reports were adopted for the justice and defense minister nominees Thursday amid objections from the main opposition People Power Party (PPP). The parliamentary legislation and judiciary committee adopted a confirmation hearing report for Justice Minister nominee Kim Seung-won as the ruling Democratic Party of Korea (DPK) forged ahead despite PPP lawmakers' boycott, protesting that allegations surrounding Kim were not fully addressed. "None of the allegations raised during the hearing have been resolved," PPP Rep. Park Hyeung-soo said before walking out of the session. The DPK argued that the nominee sufficiently explained himself during Tuesday's confirmation hearing, including claims that he illegally lobbied the food and drug safety ministry to speed up approval for a COVID-19 treatment in 2021 at a broker's request. Kim, a two-term lawmaker, served as a judge at the Jeonju District Court and the Suwon District Court before joining the presidential office under the liberal Moon Jae-in administration, where he worked in the office of political affairs

Sep 17, 2026

Korea's 2nd Nepal relief team to return; efforts to locate 9 missing Koreans to continue

Korea will maintain a joint government response team in Nepal to continue efforts to locate nine Korean nationals who have remained missing since massive floods hit the country last month, Seoul's foreign ministry said Thursday. The move comes as the second contingent of the Korea Disaster Relief Team (KDRT) is set to wrap up its seven-day mission later in the day and return home, in line with a decision made by a joint public-private emergency relief council last week, according to the ministry. Nine Koreans — six employees of Doosan Enerbility and three of Korea South-East Power — went missing Aug. 26 after massive floods and landslides struck Rasuwa District near the Nepal-Tibet border while they were working at a hydropower plant construction site. The government response team, which was dispatched earlier for search-and-rescue operations separately from the KDRT, will remain in Nepal and work closely with Nepalese authorities, while also supporting the families of the missing, the ministry said. The team will consist of eight members — three from the ministry, two from the Nat

Sep 17, 2026

FM Cho heads to Washington for talks with Rubio on investment, Hormuz, N. Korea

Foreign Minister Cho Hyun left for Washington on Thursday for talks with U.S. Secretary of State Mark Rubio that are expected to cover a range of pending issues, including bilateral economic and security arrangements, North Korea and the Middle East conflict. Cho will make a three-day visit to Washington through Saturday, with his itinerary including a meeting with Rubio on Friday (U.S. time), according to the ministry. "We will have in-depth discussions on various pending issues between the two nations, as well as consultations on issues concerning the Korean Peninsula, regional affairs and the international situation," Cho told reporters before departing from Incheon International Airport, west of Seoul. The meeting comes as Seoul and Washington have a number of outstanding issues on which the two sides have differing positions, including Seoul's role in securing the Strait of Hormuz and its U.S.-bound investment plans. As the Donald Trump administration has pressured South Korea to contribute to efforts to restore freedom of navigation through the strategic waterway, the Seoul governm

Sep 17, 2026

Ieodo Int'l Seminar highlights need for practical cooperation amid gray zone threats

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Sep 17, 2026

Doosan Corp. bets $700 mil. on chip substrate material biz

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Sep 17, 2026

LG chairman stresses 'prompt, tenacious execution' in AI investment

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Sep 17, 2026

KT joins state project to build AI-driven 'dark factory' solutions

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Sep 17, 2026

CJ ENM eyes European growth with major brand push in Poland

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Sep 17, 2026

Hansae Mobility increases commitment in Uzbekistan

Senior executives from Hansae Yes24 Group attended a Korea-Uzbekistan business forum in Seoul as the conglomerate moves to expand investment and localize operations in Uzbekistan, the group said Thursday. Hansae Yes24 Holdings Vice Chairman Kim Suk-hwan, Hansae Vice Chairman Kim Ik-whan and Hansae Mobility CEO Sung Nag-gon joined the forum at the Shilla Seoul hotel on Tuesday. The event, jointly hosted by Uzbekistan President Shavkat Mirziyoyev and Korean Prime Minister Han Seong-sook, brought together government officials and business leaders from the two countries to discuss Uzbekistan’s investment environment and ways to broaden strategic economic cooperation. Hansae Mobility, one of the group’s future growth engines, has worked with Uzbekistan automaker UzAuto Motors since its early stages. The Korean company began localizing production of key automotive components late last year and started full-scale mass production this month. Hansae Mobility plans to invest a total of $25 million in Fergana Province. It has invested $13 million in the first phase this year and plans to add $1

Sep 17, 2026

Hanwha, EDGE to build UAE's integrated air defense network

Hanwha Systems will team up with the United Arab Emirates’ state-run defense conglomerate EDGE to establish an integrated air defense network, covering long- and medium-range capabilities as well as counter-drone defenses. According to Hanwha Systems, Thursday, the CEOs of the two companies signed a term sheet for the air defense network project during a ceremony in Abu Dhabi on Tuesday (local time). The term sheet outlines the direction of the planned introduction of weapons systems for the integrated air defense network and review agendas at each stage of the project. The two sides plan to determine details of the project in line with the direction of defense cooperation between the two countries. Through government approvals and consultations, the two companies will pursue establishing a local joint venture and discuss its operation and local production. Through the partnership, Hanwha Systems plans to expand its role from supplying individual weapons systems to participating in the integrated air defense network, by linking ground weapons systems, including the Chunmoo multiple roc

Sep 17, 2026

Korean Air finalizes $44.8 bil. purchase plan announced last year

Sep 17, 2026

Seoul's streetwear titan Musinsa expands physical footprint to Shenzhen

Musinsa, the Korean e-commerce titan that built an empire out of Seoul’s trendsetting streetwear scene, is doubling down on physical retail in China. The company will open locations on Oct. 31 for both its flagship multibrand boutique and its private-label basic line, Musinsa Standard, side by side in Shenzhen — marking its expansion beyond eastern China into the country's southern fashion hub. The Korean fashion platform said Thursday that both stores will open at ONE AVENUE, a major mixed-use shopping complex in Shenzhen’s Futian central business district. The move marks Musinsa’s first offline expansion into southern China after establishing retail operations centered on Shanghai and Hangzhou. The company said Shenzhen, a major economic and industrial center in southern China, has a large population of young consumers with strong purchasing power. Musinsa Store will initially carry about 30 Korean fashion brands, with plans to add more based on customer response and demand. The store is intended to serve as an offline base for introducing Korean fashion labels to Chinese consume

Sep 17, 2026

Noul brings AI cervical cancer screening technology to Indonesia

Noul, a Korean medtech firm specializing in artificial intelligence (AI)-driven diagnostic tools, has entered the Indonesian market through its first supply agreement for an automated cervical cancer screening system as the Southeast Asian nation works to scale up preventive care. The company said Thursday it signed the agreement with an Indonesian medical device distributor and plans to supply at least 50 miLab CER units to local medical institutions and laboratory networks over three years. Noul said it will initially work with hospitals, screening centers and laboratory networks before seeking opportunities in Indonesia’s public procurement market. The company said it has secured regulatory approvals for miLab CER in several Southeast Asian markets, including Vietnam and the Philippines, providing a foundation for further expansion across the region. Indonesia, with about 280 million people, is Southeast Asia’s largest health care market, according to Noul, which said cervical cancer places a significant burden on women in the country. Noul said Indonesia plans to include cervical

Sep 17, 2026

Sales of Galaxy Z Fold 8 increase following unveiling of Apple's 1st foldable smartphone

Domestic sales of Samsung Electronics' new Galaxy Z foldable smartphone have increased following the unveiling of Apple's first foldable smartphone, the iPhone Duo, industry sources said Thursday. Sales of the Galaxy Z Fold 8 in Korea rose about 10 percent in the week following the unveiling of the iPhone Duo from the previous week, according to the telecommunications industry. The increase is believed to have been driven in part by consumers who had delayed their purchases while waiting for Apple's new product and subsequently opted for the Galaxy Z Fold 8 instead. The iPhone Duo's price and hardware specifications are also considered factors in Korean consumers' purchasing decisions, they said. The iPhone Duo is priced at 3.29 million won ($2,380) for the 256-gigabyte model in Korea, more than 1 million won above the 2.28 million won price of the 256GB Galaxy Z Fold 8. The 2-terabyte iPhone Duo model is priced at 5.09 million won. The price gap in Korea is relatively wide compared with the United States, where the 256GB models of the two smartphones differ by about $100 in price.

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Marcos: Work progress on Metro Manila subway at 60%

MANILA, Philippines — The Metro Manila Subway Project (MMSP) is almost 60 percent complete, President Ferdinand Marcos Jr. said on Wednesday at the groundbreaking for the subway’s Ninoy Aquino International Airport (Naia) Terminal 3 station in Pasay City. Work on the Naia Terminal 3 station, which will be located beneath the open parking area, is

Sep 17, 2026

Marcos wants anti-political dynasty bill passed during his term

Sep 17, 2026

7 CIW officials, personnel face charges over missing trust fund

MANILA, Philippines — Bureau of Corrections (BuCor) Director Gen. Gregorio Pio Catapang Jr. on Wednesday ordered the filing of criminal, administrative and civil cases against two former Correctional Institution for Women (CIW) superintendents and five other personnel over alleged irregularities in the handling of funds for persons deprived of liberty (PDLs). In a statement, Catapang

Sep 17, 2026

Proposed 2027 budget for PDEA’s 240 working dogs only P2.9M

MANILA, Philippines — PhilReca party-list Rep. Presley de Jesus on Wednesday objected to what he described as the “very low” proposed allocation in next year’s budget for the training and care of Narcotic Detection Dogs or K9s under the care of the Philippine Drug Enforcement Agency (PDEA). According to De Jesus, the role played by

Sep 17, 2026

Under 24-hour hospital stay covered – PhilHealth

MANILA, Philippines — The Philippine Health Insurance Corp. (PhilHealth) is expanding its benefit packages to cover inpatient admissions of less than 24 hours beginning on Sept. 18, provided they meet the prescribed qualifications and requirements. In line with Republic Act No. 11223 (Universal Health Care Act) and PhilHealth Circular No. 2026-0013 dated Sept. 11, members

Sep 17, 2026

Duterte diehard, De Lima mocker gets Palace job

MANILA, Philippines — A ranking position in Malacañang awaits a vlogger who had switched sides from being a Duterte defender to a Marcos supporter, who once poked fun at Sen. Leila de Lima following her arrest, and who had been convicted of violating the Data Privacy Act. In an appointment letter dated Sept. 1, President

Sep 17, 2026

Marcoleta solicited campaign donation from co-accused in plunder raps --witness

Sep 17, 2026

SC to Congress: ‘Injustice’ to delay anti-dynasty law

MANILA, Philippines — The Supreme Court has directed Congress to finally ban political dynasties, describing its refusal to perform its constitutional duty for the last 39 years as a “grave abuse of discretion” and “manifest injustice.” The high court did not set a timeframe for the enactment of a game-changing law in the country’s political

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Under 24-hour hospital stay covered – PhilHealth

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