The number of mergers and acquisitions by Korean companies that took place over the past 10 years was less than half of the average number of M&A cases in the US, UK, France, Germany and Japan in the same period. A total of 1,063 M&A cases by Korean companies took place from January 2012 through January this year, which is about 41 percent of the five countries’ average figure of 2,598 cases, according to the Federation of Korean Industries. The US topped the list with 3,350 case

The city of Seoul will receive citizens' applications to choose sites for new electric vehicle chargers as part of its plan to supply 35,000 charging stations in the capital this year, city officials said Thursday. About 22,000 EV chargers will be installed in the city with the support of the Seoul metropolitan government while about 12,000 units will be set up by the environment ministry and other agencies, they said. The city government will receive citizens' applications for one month from ne

SEJONG -- The Finance Ministry will look into food prices in the market later this month to uncover whether there were irregular hikes in price tags via cartels, the nation’s top policymaker said Thursday. The action comes amid continuous growth, over 3 percent on-year, in consumer prices for several months. Sharp price increases in agricultural and livestock products, alongside rising fuel prices, are putting a heavier burden on households. In a meeting for economic policies in Seoul, D

Key stakeholders in the nation’s aviation industry -– Korean Air, Airbus, Air Liquide and Incheon International Airport Corp. -– have joined hands to prepare for a roadmap for carbon-neutral aviation. The four parties on Thursday signed a memorandum of understanding, under which they agreed to speed up plans to introduce hydrogen fuel and build related infrastructure at airports. The event was attended by Korean Air’s Executive Vice President and Chief Safety & Op

Attacks against the ruling Democratic Party of Korea‘s presidential candidate Lee Jae-myung’s wife have continued despite Wednesday’s apology, with opposition parties contending she failed to address the key points of the controversy. Kim Hye-kyung, the wife of Lee, apologized at a press conference, saying she failed to draw distinctions between public and private life in reference to her alleged abuses of power while her husband previously served as the governor of Gyeongg

Actor Kim Tae-ri returns to the small screen with tvN’s new romance series “Twenty Five Twenty One” following her performance in 2018 period drama “Mr. Sunshine.” “Many mystery, horror, sci-fi and thriller series seem to have become the cultural mainstream, but I felt really happy when I read the script of ‘Twenty Five Twenty One.’ I was drawn to the bright, energetic nature of my character Na Hee-do as well,” Kim said during an online press

South Korean solar companies may face a bright future this year as the US recently extended a tariff for four more years to keep cheap Chinese products in check. According to industry sources Friday, the US last week decided to impose a 15 percent tax on imported solar cells and panels for another four years as part of an apparent effort to block the inflow of Chinese-made products. The US first introduced the tariff to safeguard its domestic solar industry from China, which manufactures rou

South Korean game developer looks to target global console market

Tech giant offers glimpse of future where autonomous vehicles turn into small homes

South Korea’s top nuclear envoy stressed that the situation on the Korean Peninsula is at a pivotal moment following North Korea’s recent series of missile tests, calling for the need of engagement with the reclusive regime.  “I believe we are at a very pivotal moment that will decide if we will return to the period of cold winter or a season of warm atmosphere as it is here,” South Korea’s chief nuclear envoy Noh Kyu-duk told reporters upon arriving at Honol

  *진행자: 김혜연, Beth Eunhee Hong 1. COVID-19 patients under self-quarantine may be unable to vote 요약: 다가오는 3월 20대 대통령 선거, 코로나19 확진자도 투표가 가능한지에 대해 중앙선관위의 입장을 들어본다. [1] Concerns are mounting over whether COVID-19 patients will be unable to cast their votes for the 20th presidential election, as those confirmed with the virus after the mail-in ballot registration period may be unable to report to voting booths on March 9. * mount over : 고조되다 * ballot : 무기명[비밀] 투표, 투표용지 [2] The National El

With a performance equally mesmerizing and frustrating, Cha Jun-hwan made a piece of South Korean figure skating history in Beijing on Thursday. Cha finished fifth in the men's singles figure skating competition at Beijing 2022 with a total score of a new personal-best 282.38 points. He earned 182.87 points in the free skate, also a new career high, despite a couple of mistakes with jumps. This is the best Olympic performance by a South Korean male figure skater. Cha himself had held the previou

The UN special rapporteur on North Korea's human rights situation will travel here next week to hold relevant discussions, a UN office said Thursday. Tomas Ojea Quintana will visit the country on Tuesday for a nine-day trip, according to the UN Human Rights Office in Seoul. He is expected to meet with officials from the South Korean government and civic groups on North Korean human rights, as well as North Korean defectors, in preparation for an annual report on the North to be submitted to the

The chief of South Korea’s KB Financial Group said Thursday that the adoption of environmental, social and governance values is gaining traction, and asked for cooperation between the Korean public and the private sector to make headway in the global race. “ESG values are growing around the world with irreversible speed,” KB Financial Group Chairman Yoon Jong-kyoo said in a special luncheon talk hosted by the National Assembly. “The manufacturing sector accounts for a

Defense chiefs agree to hold first in-person trilateral talks under Biden administration