South Korean stocks ended down for the fifth straight session on Monday as investors remained worried over the impact of the emergence of the omicron variant of the coronavirus on the global economy. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) retreated 27.12 points, or 0.92 percent, to close at 2,909.32 points. Trading volume was moderate at about 832 million shares worth some 12.9 trillion won (US$10.8 billion), with losers outnumbering

Globally, internal control is a hot issue for financial companies on several fronts, including environmental, social and governance -- or ESG -- issues as well as cybersecurity. This is because internal control is the process implemented by companies to ensure compliance with the law and the reliability of its information and financial reporting, therefore it is an area of law that must adapt to the changing legal and business environments. Accordingly, as the world focuses on a sustainable futu

Moon Jae-in urges all Koreans to take booster shots

With the backing of parent company Saudi Aramco, S-Oil emerges as key importer and retailer of clean hydrogen to Korea

K-pop band holds global conference for “Permission to Dance on Stage” in Los Angeles

Speculation is growing over the possibility of SK Chairman Chey Tae-won’s younger brother Chey Jae-won returning to management to take the helm of the group’s refining and petrochemicals unit SK Innovation, according to industry sources on Monday. The junior Chey, who served a three-and-half year jail term for embezzlement in 2014, faced employment restrictions for five years. Chey Jae-won, who holds a bachelor’s degree in physics from Brown and a master’s degree in

With the arrival of Disney+ and Apple TV+ setting off fierce competition in the country’s video streaming market, Netflix is seeking to cement its top position with a slew of new reality shows. The global streaming giant is premiering three original Korean variety shows for the year-end season, hoping to continue its dominance there on the back of recent global hit drama series like “Squid Game,” “My Name” and “Hellbound.” Starring six celebrities --

‘We discover new creators and give them a bigger stage to share their works. That, in turn, would expand the emoticon business to the next level.’

South Korea’s vice finance minister said Monday that the government plans to keep close tabs on the financial market for possible volatilities and woes caused by the emergence of the omicron variant of the COVID-19 virus. “There is a possibility that the volatilities in the global financial market could be expanded by the emergence of the omicron variant,” First Vice Finance Minister Lee Eog-won said at a macroeconomic meeting of government officials and the private sector.

SK Square invests 98 billion won for blockchain, metaverse

Presidential contenders pushed for support in the provinces Monday, with the opposition candidate visiting a key swing region and the ruling party candidate staying in a party stronghold. Yoon Seok-youl of the main opposition People Power Party chose the Chungcheong provinces as his first campaign destination after the formation of his election committee. “I am a son of Chungcheong and I can say Chungcheong is my hometown,” Yoon said before departing, speaking at the election com