Employees allowed up to 126 days of paid parental leave

The presidential election has once again come down to the candidates from the two major parties – the Democratic Party of Korea and the People Power Party. Both the Democratic Party of Korea’s Lee Jae-myung and the People Power Party’s Yoon Suk-yeol claim to be the only choice for a better future, and have made numerous pledges they claim are aimed at improving citizens’ lives. Many of their pledges on social issues outside of the field of politics are almost indistingui

Demand for high-rise apartments alongside Han River driven by desire to show off, enjoy natural scenery, convenience of city center

Posco Group’s business principle “Corporate Citizenship” has been introduced as a case study example for a course in Stanford University’s MBA program, according to the Korean steelmaker on Wednesday.  Four years ago, Posco Group declared its management philosophy “Corporate Citizenship: Building a Better Future Together” as a guiding business principle, vowing to strengthen its commitments to environment, social, and governance issues. Such a concept,

진행자: 조혜림, Paul Kerry 1. Ahn suggests unifying candidacy, ‘public primary’ 기사 요약: 대선 국면에서 야권 단일화 요구한 안철수 국민의당 대선후보. [1] Presidential candidate Ahn Cheol-soo of the People’s Party on Sunday suggested unifying candidacies with the main opposition party’s Yoon Suk-yeol, and letting the public decide which of them will run. *candidacy: 입후보, 출마 *run: 경쟁하다, 참여하다, 뛰다 [2] Ahn explained that, even if an opposition party candidate wins in the presidential election, consensus

Corporate donations made for Korean athletes competing at the Beijing Winter Olympics have exceeded 40 billion won ($33.4 million) over the past four years, according to industry data collected by the Federation of Korean Industries Wednesday. A total of 91 companies have donated cash and goods worth 41.75 billion won between 2018 and 2021 to support Korean national athletes preparing for this year’s Olympics, the data found. Donations were made mostly through related sports associatio

The Ministry of Culture, Sports and Tourism and Korea Creative Content Agency held “Concept Korea NY 2022 F/W” online Wednesday, as part of programs scheduled for New York Fashion Week to promote emerging Korean designers overseas. The Culture Ministry and KOCCA launched Concept Korea in 2010 in tandem with New York Fashion Week. It provides an opportunity to show local brands’ collections at NYFW every season. The latest edition introduced three brands -- Nohant, Ul:kin and

First time travels are hard even for avid travelers. Regardless of the amount of time spent planning itineraries on local accommodations and food, spontaneous difficulties arise from the moment one arrives as a stranger to the city. To relieve solo visitors of some of their burden, particularly female travelers, an online guide book introducing the city’s major attractions was launched by the Busan Tourism Organization on Tuesday. The three-month project to produce “The Busan Guid

Photos of a ritual shows Yoon's name, as well as those of ruling bloc figures

An organization of some 5,000 people in the digital asset and blockchain industry and academia has been launched. The idea is to present the government with industrial roadmaps in a systematic manner, as it has been difficult to do so with a number of blockchain-related groups springing up. The Korea Blockchain Enterprise Promotion Association (KBEPA) and the Korea Blockchain Association Organization Federation held a ceremony to launch a “blockchain (digital asset) industry committee&r

Celltrion Inc., a major South Korean biopharmaceutical firm, said Wednesday that its net profit jumped 20.1 percent on-year last year on the back of robust sales of its biosimilar products in overseas markets. Net profit came to 623.7 billion won ($521.1 million) last year on a consolidated basis, compared with a profit of 519.2 billion won a year earlier, the company said in a regulatory filing. Celltrion said its operating profit reached a record high of 753.9 billion won last year, up 5.9 per

Samsung Fire & Marine Insurance Co., South Korea's top non-life insurer, said Wednesday it will cut its auto insurance premiums by an average 1.2 percent in April on falling loss rates. It will mark Samsung Fire & Marine Insurance's first premium reduction since 2020, when its car insurance premium increased more than 3 percent amid soaring deficits. Samsung Fire & Marine Insurance, the non-life insurance arm of top conglomerate Samsung Group, said it has made the decision as its aut

South Korea said Wednesday it will actively push for free trade agreements with African nations in a move to deepen economic ties with the resource-rich emerging market and to diversify its trade portfolio. Last month, South Korea and Egypt agreed to carry out a joint feasibility study on the bilateral trade and economic partnership, which is a first step for South Korea to have a free trade pact with an African country if the two sign the free trade deal. Trade volume between South Korea and Af

South Korea and Iran have held working-level consultations to discuss ways to resolve yearslong disputes over Tehran's assets frozen here under US sanctions, Seoul's foreign ministry said Wednesday. Iranian bankers and officials from the state-run oil company and the petroleum ministry are in the nation to meet with South Korean government and company officials to talk about pending economic issues as multilateral talks to revive the 2015 Iran nuclear deal enter the final stretch. Bilateral rela

K-pop supergroup BTS will hold its first live concerts in Seoul in about two and a half years next month, the group's management agency said Wednesday. Three concerts, titled "BTS Permission To Dance On Stage - Seoul," will be held on March 10 and March 12-13 at the Jamsil Olympic Stadium in southern Seoul, Big Hit Music said in a statement on Weverse. This will be the septet's first in-person concerts in Seoul since its world tour performance in October 2019. The first and the last sh