Thousands of unionized parcel delivery workers were set to hold a large-scale rally in Seoul on Monday to demand CJ Logistics Corp., South Korea's largest logistics firm, agree to hold talks with striking workers seeking better working conditions. The courier union under the Korean Confederation of Trade Unions (KCTU), the more militant of the country's two major umbrella unions, said around 2,000 workers are expected to gather at the demonstration to be held in front of Cheonggye Stream in cent

South Korea will hold its annual consultation meetings with global rating agency Moody's Investors Service this week over the country's economic conditions, Seoul's finance ministry said Monday. The Moody's credit rating team, led by Gene Fang, associate managing director of the agency, will hold a series of meetings with the finance ministry, the central bank and other agencies starting Monday through Feb. 28. During the meetings, the two sides will discuss the country's recent economic situati

South Korea's exports grew 13.1 percent on-year in the first 20 days of February on the back of demand for chips and petroleum products, customs data showed Monday. The country's outbound shipments stood at $34.30 billion in the Feb. 1-20 period, compared with $30.34 billion a year earlier, according to the data from the Korea Customs Service. Imports rose 12.9 percent on-year to $35.98 billion, resulting in a trade deficit of $1.68 billion during the cited period, the data showed. By sector, ou

On Feb. 21, 1972, Richard Nixon became the first US president to visit the People’s Republic of China, setting in motion a process that would end China’s decadeslong isolation and kick-start the emergence of a modern, dynamic economy. But, despite the seismic economic changes in China in the intervening half-century, many in the West regard today’s People’s Republic as an unreformed communist country whose unfair trade practices are harming Western workers and consumers.

There is a romantic and lovely event in February. Someone confesses one’s love or goes out on a date with a special someone or even remembers past loves. Do you know which day I am talking about? Valentine’s Day in the past was a day only for lovers, but now it is a day for exchanging chocolates regardless if between lovers, friends or family. Some say it is a day established by the chocolate business to sell their products. Some say it is like any other normal day. However, it is

BEIJING -- The Olympic flame in Beijing was extinguished on Sunday to mark the conclusion of the first Winter Games during the global COVID-19 pandemic, as a muted closing ceremony celebrated athletic feats from snow, ice and track over the past two weeks. The 24th Winter Olympics put participating athletes, officials, workforce and media into a bubble, or formally called the "closed-loop system," to keep them separated from the general public in the Chinese capital. They were confine

Ukraine remains firmly committed to a politico-diplomatic settlement, maximizing efforts with partners to reduce tensions and keep the situation in line with diplomatic dialogue, the Ukrainian Embassy in Seoul said in a press statement Saturday.  Tensions have mounted over Russia’s deployment of troops at Ukraine’s borders, with the United States and its allies warning of a package of sanctions against Moscow.  The situation worsened after pro-Russia rebels shelled Ukrain

A total of 11 workers died at worksites in a month after the new law took effect

South Korea’s food agency chief says not only food wastes, enhanced control on production cycle needed to curb CO2 emission

Business leaders here called on the next government to raise tax revenue by boosting the economy rather than seeking tax hikes on businesses, according to a survey by the Korea Chamber of Commerce and Industry released Sunday. Of the 252 CEOs surveyed, 70 percent said economic growth should be prioritized for the next government to revamp the nation’s taxation policy, calling for more tax incentives for businesses. The CEOs urged to reduce corporate taxes overall, expand support for st

Local platforms join race in original content

Over the weekend, Sim Sang-jung, the minor progressive Justice Party’s presidential candidate, attacked the two front-runners for their corruption-related scandals, stressing she is “the only clean candidate qualified to be president.” On Sunday, she led her canvassing in Seoul, meeting with the people at Gwanaksan and Gangnam Station. “What is the most important quality of a president? It is the morality to refrain from using power -- given to use for the people -- fo

Young and old conservatives root for same candidate, but support differs