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K-pop defies digital trend with growing physical album sales

K-pop defies digital trend with growing physical album sales

With the meteoric rise of digital streaming services, there seems to be no reason to buy physical albums these days. But the sales of K-pop music have defied this trend recently. Last year, total sales of the 400 most popular albums reached 25 million; this year, the figure is expected to surge to 35 million, according to Gaon Chart, which tracks album sales in the country and overseas. Gaon, which the Ministry of Culture, Sports and Tourism and the Korea Music Content Industry Association launched in 2010, is considered one of Korea's most credible album/streaming charts.

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Foreign buying spree drives KOSPI's rally

Foreign buying spree drives KOSPI's rally

The KOSPI continued its rally Monday, reaching an all-time high of 2,602.59 points at the close of trading, up 1.92 percent from the previous day's session. The index's market capitalization also reached an all-time high of 1,787 trillion won ($1,608 billion). The tech-heavy KOSDAQ also rose 0.36 percent, to close at 873.29 points. Although the KOSPI topped the 2,600 mark in January 2018 during intra-day trading, this is the first time in its 45 year history to reach such a milestone - the previous record-high close was 2,598.19 on Jan. 29, 2018. Earlier this month, the KOSPI remained around the 2,280 mark, but then began a continuous rise - by about 15 percent so far.

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New virus cases spike to over 300 again

New virus cases spike to over 300 again

The number of new coronavirus cases in South Korea bounced back to over 300 on Tuesday due to a pileup of sporadic infections across the nation, with tougher antivirus rules in place in the greater Seoul area amid a virus resurgence. The country added 349 more COVID-19 cases, including 320 local infections, raising the total caseload to 31,353, according to the Korea Disease Control and Prevention Agency (KDCA). The latest figure was sharply up from 271 on Monday, when the comparable reading fell back below to 300 for the first time in six days due to less testing on the weekend.

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Tourism sector sinking into bottomless pit amid prolonged pandemic

Tourism sector sinking into bottomless pit amid prolonged pandemic

The tourism industry is suffering an unprecedented crisis caused by the prolonged COVID-19 pandemic. Travel companies, hotels and airlines are laying off employees or having workers take unpaid leave, as no one is able to predict when the crisis will be over and they will be able to return to work.

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'After Every Winter Comes Spring' exhibition sheds light on ancestors' pursuit of hope

'After Every Winter Comes Spring' exhibition sheds light on ancestors' pursuit of hope

"After Every Winter Comes Spring," a new exhibition at the National Museum of Korea (NMK), centers around the work of two renowned Joseon era painters - Kim Jeong-hui (1786-1856) and Kim Hong-do (1745-1806). The two centerpiece paintings are "Sehando" by Kim Jeong-hui, Korean National Treasure No. 180, and "Pyeongan Gamsa Hyangyeondo" (Welcoming Banquet for the Governor of Pyeongan) by Kim Hong-do.

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Korea's iconic actor Lee Byung-hun untangled

Korea's iconic actor Lee Byung-hun untangled

“Actor Lee Byung-hun,” which delves into the life, filmography and craft of one of Korea's greatest screen performers of his time, will be published Thursday as the actor celebrates the 30th anniversary of his screen debut.

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