South Korean household income grew at its fastest pace in the third quarter thanks to the economic recovery and the government's emergency relief funds, data showed Thursday. The average household earned 4.73 million won ($4,000) per month in the July-September period, up 8 percent from the previous year, according to the data from Statistics Korea. It marked the fastest on-year growth since 2006, when the statistics agency began compiling related data. Household income rose in the last quart

The Peruvian Embassy hosted a seminar on Climate and Investment Opportunities in Peru on Nov. 11 at the Four Seasons Hotel in Central Seoul. The seminar presented major infrastructure investment projects that Peru offers to public and private companies in Korea. The seminar was held as part of Peruvian government’s efforts to attract companies and investment to Peru. This year’s seminar aimed to introduce Peru government’s foreign direct investment policies and existing fac

The Pig Breeders Product Organization (OPAS) is to showcase three of its ready-to-eat products -- bacon tenderloin, bacon tenderloin with herbs and pulled pork -- at Coex Food Week 2021, to be held Nov. 24-27. “Easy to eat” recipes are also to be presented with useful Italian pork product information. OPAS is the largest product organization in Italy, representing 12 percent of Italian pig farming, where they are able to breed heavy and medium-sized pigs by planning and diversify

(jylee@heraldcorp.com)

Samsung Heavy Industries Co. said Thursday that it has successfully demonstrated its gas liquefaction technology to sharpen its competitive edge for orders of floating liquefied natural gas (FLNG) facilities. With the successful demonstration of the gas liquefaction technology named "SENSE IV," Samsung Heavy will be better positioned to beat its rivals in bagging orders for FLNG facilities, the shipbuilder said. The demonstration was attended by officials from global key LNG produce

Japanese Foreign Minister Takeo Mori refused to take part in a joint press conference with his South Korean and US counterparts Wednesday, citing a recent visit by South Korea's top police official to Dokdo. The joint press conference was originally set to follow their trilateral talks in Washington but was instead held alone by US Deputy Secretary of State Wendy Sherman. "We agreed to the US, the host of the trilateral talks, announcing the outcome of the South Korea-US-Japan vice minist

The ruling Democratic Party said Thursday it has agreed with the minor Open Democratic Party to seek their merger, a move that comes less than four months ahead of the presidential election. The agreement was reached during a meeting between DP Chairman Song Young-gil and his Open Democratic Party counterpart, Choe Kang-wook, according to Koh Yong-jin, a senior DP spokesperson. The minor party is considered a "satellite party" of the DP, as it was launched by former DP lawmakers ahea

South Korea's exports of automobiles fell for the second consecutive month in October due mainly to an extended global supply shortage of automotive chips, data showed Thursday. Outbound shipments of automobiles reached 159,520 units last month, down 18.1 percent from a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy. In terms of value, exports also decreased 4.7 percent from a year earlier to $3.83 billion, the data showed. It is the second month in

The US-led UN Command (UNC) plans to resume a tour program to the inter-Korean border village of Panmunjom later this month after a pandemic-driven monthslong hiatus, its officials said Thursday. The UNC will restart the program to the Joint Security Area in Panmunjom in the Demilitarized Zone (DMZ) separating the two Koreas on Nov. 30 in line with South Korea's "living with COVID-19" scheme for a gradual return to normal life, they said. The UNC coordinated the date for the tour res

North Korea's state-controlled media tried Thursday to shed light on the past progress made by its "three-revolution" movement aimed at developing its ideology, technology and culture, with preparations under way for a major conference on the movement. In a detailed report, the Korean Central News Agency (KCNA) highlighted the accomplishments of the "spirit and traits of the three-revolution frontrunners in the 1970s" under the movement initiated by Kim Il-sung, late founder