Tech giant now has almost 100 CEO candidates, including those in their 40s

South Korean stocks advanced for a seventh consecutive session Thursday amid eased concerns about the omicron variant of the new coronavirus. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) added 27.77 points, or 0.93 percent, to close at 3,029.57 points. Trading volume was moderate at about 496 million shares worth some 12 trillion won ($10.2 billion), with gainers outnumbering losers 656 to 187. Institutions bought a net 620 billion won, wh

LG Innotek said its chief executive Jeong Cheol-dong will receive an award from the Institute of Electronics and Information Engineers on Friday for helping raise the global competitiveness of the local materials and parts industry. Jeong, known for his insight on the materials and parts market with 37 years of experience in business-to-business deals, will receive the Haedong Technology Award from the academic organization, the electronic components maker said. Having joined LG Semiconductor

Jungheung sets foothold for overseas expansion through Daewoo E&C, while Daewoo E&C secures financial stability

Business leaders in the cosmetics and beauty industry shared their thoughts on the growth potential of K-beauty on Thursday, at Trade Week 2021, a four-day global conference organized by the Seoul Business Agency to offer support for small and medium-sized enterprises in Seoul.  L’Oreal’s Chief Digital Officer Lee Seon-young kicked off the seminar, explaining how digitalization is changing the company’s business strategy. “We do not think the rise in online busine

Korea’s No. 1 milk producer by market share, Seoul Dairy Cooperative is under fire for objectifying women and portraying voyeurism in its latest video advertisement for its organic milk products. The 52-second video shows people, most of whom are presumably women, dressed in white drinking water from a stream and relaxing in a green meadow somewhere in Gangwon Province.  In the next scene, a man quietly approaches with a video camera from the cover of trees. He steps on a branch an

South Korea's government debt level is not high enough to negatively affect its sovereign ratings in the near future, the global credit appraiser S&P Global Ratings said Thursday. Kim Eng Tan, senior director at S&P, said Korea's debt-to-GDP ratio is expected to reach slightly more than 40 percent by the end of next year, lower than the 50 percent estimate by the Korean government. "l just state very clearly that I don't think the Korean government ratings will be negatively affec

South Korea is seeking to play its “role as the previous host nation” of the Winter Olympics, First Vice Foreign Minister Choi Jong-kun said Thursday, alluding that Seoul is less likely join the US in a diplomatic boycott of the 2022 Beijing Games. 　 Choi made the remarks during an interview with local radio station TBS, stressing that the upcoming Beijing Olympics are a “relay of Northeast Asian Olympics from PyeongChang to Tokyo and Beijing and are very meaningful.”

Presidential nominees launch coronavirus countermeasure teams to appeal

Thermal image analysis shows water being discharged from cooling system

Global hit series No. 3 keyword for Korean users on Google

Foreign nationals who were fully vaccinated abroad can now register their vaccine status without applying for a quarantine exemption, health authorities said on Thursday. “Foreigners who register their first and second shots received abroad can request for a foreign vaccination certificate which will work as a vaccine pass and allow them to receive a third shot (in Korea),” the Korea Disease Control and Prevention Agency said during a news briefing. To register, foreign nationals n

Number of COVID-19 patients in serious condition hits all time-high