Singapore-based activist fund Flashlight Capital Partners has offered to acquire Korea Ginseng Corp., an affiliate under South Korea's dominant tobacco company KT&G, at the price of nearly 2 trillion won ($1.47 billion). KT&G called it a “unilateral” offer. Korea Ginseng Corp., under the wings of KT&G, is the company behind the well-recognized red ginseng brand, JungKwanJang. “The acquisition offer was unilaterally released without any discussion with the compa

A South Korean court sided with the Seoul Metropolitan Police Agency’s decision to punish a police officer for repeatedly ordering subordinates to run personal errands and denying them vacation leave. Judges in the Seoul Administrative Court on Monday dismissed a lawsuit filed by the officer, who sought to overturn a disciplinary action imposed by the police agency in December 2022. The police agency handed down a punishment of a two-month pay reduction, after the officer was found to have

Jin of BTS will roll out a solo album in November, according to a local media report Monday. Big Hit Music confirmed the news but did not specify a date. The artist dropped the digital single “Super Tuna” last week, adding a second verse to the original song from 2021. The single topped the iTunes Top Songs Chart in 57 regions and landed atop Billboard’s World Digital Song Sales Chart, as did the original song in 2022. His first official solo music was the single “The Ast

Kim Dae-ki, who was President Yoon Suk Yeol's chief of staff during the first two years of Yoon's term, has been named the ambassador to China. Kim, a 68-year-old career bureaucrat, will replace the incumbent Chung Jae-ho, who served in the position since August 2022. Kim has expertise in handling trade-related affairs countering China and has a good command of Chinese, Chief of Staff Chung Jin-suk told reporters Monday. Seoul is awaiting China's approval of Kim's nomination,

Main opposition to launch its own intra-party security committee against threats from Pyongyang

Beauty pageants often conjure up stereotypical images of young, attractive women in swimsuits reciting canned responses. But this year's Miss Universe Korea competition, co-hosted by The Korea Herald and Yedang Media on Sept. 30, shattered those molds, celebrating women's unique qualities both inside and out. The pageant eliminated the age restrictions that had previously limited participation to women aged 18 to 28. Gone too were the longstanding height and weight requirements. This i

South Korea should join the global movement to set safer international standards for autonomous driving systems, according to a report released by the state-run Korea Automotive Technology Institute on Monday. Cho Min-wook, senior researcher and author of the report, stated that the International Organization for Standardization and the auto industry are looking to adopt a more comprehensive approach that encompasses safety and security for Level 3 and more advanced self-driving systems. ISO is

A survey showed Monday that nearly 90 percent of South Korean adults are willing to work after retirement, mostly due to financial reasons. An online job-seeking portal Saramin surveyed 4,056 adults across the country from Oct.7 to 10, asking them if they were willing to work after retirement. Some 87.3 percent of the respondents said they would, with 95.8 percent of those in their 50s saying so. They were followed by 81.9 percent of those in their 40s, 74.4. percent of those in their 30s and

The Ministry of Education announced plans to hold the 4th Korea-Mongolia Joint Commission on Education in Ulaanbaatar, Mongolia. Scheduled for Tuesday, the meeting is part of an ongoing consultative process that began in 2015 to deepen bilateral educational cooperation. The commission aims to review past agreements and explore new opportunities for collaboration in education, the ministry explained. One of the primary focus areas of the meeting is the promotion of Korean language education in Mo

Booking tickets online for a K-pop idol concert or a top-selling musical show, which sell out in several minutes or even seconds, is stressful. The high ticket prices, hovering above 100,000 won per ticket, are also agonizing. But at multiplex cinemas here, you can enjoy the exact same concert or musical on a large screen right in front of you and on an even-better sound system at just one-third of the price. In recent years, local multiplex cinema chains CGV and Megabox have been screening conc

With the age of autonomous vehicles just beyond the horizon, software is becoming just as important as the nuts and bolts of an vehicle. Hong Seok-min, the CEO of Fescaro, which provides software solutions for future mobility, said "software-defined operation" is a key term in the automotive industry today and in the future. "Without a doubt, the keyword (in the mobility industry) is the software-defined vehicle. Designs of existing internal combustion vehicles are centered on t