Yoon faces task of recruiting former rival; Lee seeks to revamp committee to recover popularity

Amid climbing cases, more Seoul patients to recover from COVID-19 at home

Hyundai Motor Group Chairman Chung Euisun is likely to address the company’s plan to create some 40,000 jobs for young people during his meeting with Prime Minister Kim Boo-kyum scheduled for Monday. The prime minister plans to visit Hyundai Motor Studio in Goyang, Gyeonggi Province, as part of the government’s youth support campaign. The meeting is also to be attended by Employment and Labor Minister An Kyung-duk, Minister for Government Policy Coordination Koo Yun-cheol and Hyu

Kicker: CEOs of Warpsolution, Digisonic, Citylabs say technologies will make metaverse environment similar to real world

A former interim leader of the main opposition People Power Party (PPP) was named Sunday to lead the election campaign committee for the party's presidential candidate Yoon Seok-youl. Yoon said Kim Chong-in, a veteran politician who resigned in April after heading the PPP as a caretaker leader, will be in charge of his campaign committee for the 2022 presidential election. Incumbent PPP Chairman Lee Jun-seok will serve as a co-standing chairman for the election campaign committee along with Ki

On Nov. 15, a grand ceremony commemorating the 30th anniversary of the independence of Uzbekistan and the 29th anniversary of the establishment of diplomatic relations with the Republic of Uzbekistan was held at the Lotte Hotel Seoul at the initiative of the Embassy of Uzbekistan in Seoul. The event was attended by representatives of the government, ministries, companies, heads of diplomatic missions and compatriots working and studying in South Korea. Welcoming participants of the event, A

Park Kwan-ho, the chairman of game developer Wemade, joined South Korea’s game billionaires last week as the company’s valuation soared following the growing popularity of its new game, which is based on the blockchain technology. Park, 49, saw his stock value reaching 3.3 trillion won ($2.77 billion) as of Thursday, which makes him the 10th richest man among individuals owning stocks in domestic listed companies, according to local market data provider FnGuide. Park, the largest

Kuwait’s Vision 2035 aims to transform the country into financial and trade hub presents opportunities for Korean participation, Kuwait’s top envoy to Korea Bader M. al-Awadi said last week. Speaking at the Eurasian Economic and Cultural Forum 2021 hosted Wednesday by The Korea Herald, Al-Awadi highlighted the pillars of Vision 2035 and introduced underlying projects and opportunities for Korean companies at the forum. A key part of Vision 2035 is the Silk City project, to be buil

Samsung Electronics is reportedly planning to unveil its $17 billion foundry investment plan in the US this week, as its leader Vice Chairman Lee Jae-yong returns home after a series of high-profile meetings with White House officials and key lawmakers that might have finalized the plan. According to Samsung Electronics Sunday, the vice chairman was invited to the White House on Friday, US time, and met with top officials to discuss how the South Korean tech giant could help resolve the globa

Netflix’s fantasy thriller “Hellbound” directed by Yeon Sang-ho is off to a good start in following in the footsteps of global sensation “Squid Game.” A day after being released Friday, Yeon’s Netflix series topped the Top TV show on Netlflix chart, according to streaming analytics firm FlixPatrol. “Squid Game” grabbed the No. 2 spot on the chart Saturday. The global hit TV series directed by Hwang Dong-hyuk had stayed atop FlixPatrol’s T

Experts agree on hike of 25 basis points by end of year, but divided over next year’s projections

Lehmann Maupin Seoul will expand its presence in Korea’s art scene moving its location to Hannam-dong in central Seoul in early spring 2022, joining the ranks of international galleries settling down in the fast-rising art mecca. The gallery’s newly renovated building will feature larger exhibition spaces that will span across two floors and an outdoor terrace to accommodate installation works and sculptures. The American gallery launched its first local branch in Samcheong-dong,

Doosan likely to forge consortium to manufacture hydrogen buses, trucks, experts say. Competition with Hyundai Motor seems inevitable.

Pay-raise records 17% vs. 12% since 2016

Although private debt has grown in profile as an investment option, South Korean investors are reluctant to adopt strategies that capitalize on debt mispricing, saying they prefer a conservative portfolio that protects investors against losses. Instead, they are looking to increase safety of investment with a focus on diversification and recession-proof sectors. “We will continue to invest in defensive sectors and construct a well-diversified portfolio, as we prefer an all-weather strat