People enjoy watching busking performances at the "DDP Vacance" music event at Dongdaemun Design Plaza in central Seoul on July 31.YONHAP
Happy Friday! Here are the stories you need to know in Korea.
In today's news, SK hynix hit its daily price ceiling, moving up over 20 percent from the previous session. In other news, pleats are no longer your grandmother's fashion style — they're definitely "in" this summer. And with access to the abortion pill still unavailable in Korea, some are reporting turning to cancer treatments to end pregnancies.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Today's top story
BUSINESS
SK hynix hits price limit, lifts Chey stake over 20 percent
SK hynix hit its daily price ceiling on Friday, leaving SK Group Chairman Chey Tae-won with a paper gain of more than 20 percent just one day after his purchase of the chipmaker's shares.
As of 2:29 p.m. on Friday, SK hynix was trading at 1.72 million won ($1,200), up 29.95 percent from the previous session. The price reached the maximum daily gain allowed by the Korea Exchange.
The stock surged 28.37 percent at the opening bell and maintained strong momentum throughout the session before hitting the limit in the afternoon.
The granny look no longer: Seoul's young, affluent moms make pleats trendy this summer
In the Korean capital's posher neighborhoods, pleated clothing is winning over women in their 30s and 40s with its mix of polish, comfort and easy care.
Continued summer heat causes sharp rise in bacterial gastrointestinal infections in Korea
The number of cases has jumped 23.5 percent this year, as health authorities urge stricter safety practices such as thoroughly cooking food and washing hands.
Seoul’s Climate Card to merge with All K-pass but still keep expanded youth discounts
The capital city will fold its Climate Card into Korea's nationwide transit reimbursement program while still retaining extra local perks like broader youth discounts and bike access.
Spirit of the times: Korean supernatural enters zeitgeist with docuseries, K-pop and period pieces
Horror is seeping into other genres, at times going for a quick scare and at others a look at tradition in a way that's different from the Western take.The National Museum of Korea’s renovated gallery recasts the 1897-1910 empire as a modern sovereignty project, featuring rare artifacts and a new historical narrative.
