Move for legal action seen among homeowners

Samsung Life Insurance said Monday that it will launch a joint fund with Korea Post to invest 400 billion won ($336 million) in foreign blue chip companies over the next 10 years, expanding cooperation in alternative investments like private equity and real estate. The country’s top insurer and the state-owned postal insurance will make investments under the recommendations of an asset management firm. A Samsung Life Insurance official declined to reveal details about the asset manager.

Complete privatization clears Woori from market concerns over being state-controlled

Amid global carmakers downsizing workforces, Hyundai offers biggest recruitment plan for government-led job creation campaign

More than 900 patients waiting for a hospital bed to open up

The evolution of technologies is changing the character of warfare. In any future war, the battle will be determined long before any bullets are fired or missiles flown. Wars may be won through cyberattacks that crash countries’ networks, causing power outages and severing military communication, says former Estonian President Toomas Hendrik Ilves. 　 The changing face of war requires countries around the world to “rethink” the entire approach to security and defense, Ilves sa

Coway, a South Korean home appliance maker, said Monday that it has launched a premium built-in water purifier that replaces the previous high-end model it introduced 10 years ago, with the aim of leading the trend toward built-in appliances. Coway’s Noble built-in water purifier features an under-sink filtration system, which is more commonly used abroad than in Korea, according to the company. For domestic customers who aren’t familiar with built-in water purifiers, Coway develop

Netflix’s latest Korean original “Hellbound” has caught the attention of both local and foreign fans with horrifying depictions of death and episodes full of suspense. The series, directed by the mastermind behind megahit zombie sensation “Train to Busan” Yeon Sang-ho, is an adaptation of a highly rated webtoon of the same title, also by Yeon. Though Yeon said he tried “not to veer much from the original webcomics,” avid readers of the webtoon that end

South Korea broke ground Monday for an artificial intelligence complex in the southwestern city of Gwangju to foster the related industry, the science ministry said. The groundbreaking ceremony was held in Gwangju, 330 kilometers south of Seoul, for a major construction project to create an AI complex center, including data centers and facilities in automobiles and energy sectors. A total of 393.9 billion won ($332 million) will be spent from 2020 to 2024 for the project, according to the mini

Netflix will ring in the Christmas season with the sci-fi mystery “The Silent Sea,” its last Korean original series of the year. The platform on Monday announced the show’s release on Dec. 24 and unveiled a mysterious poster showing a lone astronaut in outer space. The series, which revolves around a group of space explorers on a classified mission to an abandoned research facility on the moon, is an adaptation of a short film of the same title by director Choi Hang-yong. T

The total value of South Korean biotech and pharmaceutical companies’ technology exports is expected to reach $10 billion for the first time this year, according to the Korea Pharmaceutical and Bio-Pharma Manufacturers Association. The country’s biotech and pharmaceutical companies’ technology exports amounted to 11.4 trillion won ($9.6 billion) as of Nov. 17, the KPBMA said Monday. As there were deals that did not disclose their contract values, the KPBMA expected the total

Politicians want to show their political legitimacy, experts say

South Korean pharmaceutical giant Celltrion Inc. said Monday its COVID-19 antibody treatment has won an emergency approval from Peruvian authorities. The drug authority in the South American country granted the approval for an emergency application of Rekirona to adult COVID-19 patients. The approval was based on recent top-line results from a global phase three clinical study of Rekirona, a pivotal part of the study to obtain more comprehensive safety and efficacy results. Rekirona is a mono

Jailed former President Park Geun-hye was admitted to a hospital on Monday for an unspecified illness, officials said. According to the justice ministry, Park was transferred from the Seoul Detention Center, where she is serving her 22-year prison term, to the Samsung Medical Center in southern Seoul earlier in the day and was receiving treatment. It marked her third hospitalization this year. Park, 69, was previously hospitalized in January and July in connection to her left shoulder surgery

Both candidates kick-start revamped campaigns