South Korean conglomerates managed to reduce greenhouse gas emissions by 9.3 percent over the past two years, according to a report on Wednesday, suggesting they face a tough task in meeting the government’s 2050 carbon neutrality target. CEO Score, a corporate tracker based in Seoul, said major companies in the country curbed more than 46 million tons of greenhouse gas output in 2020, compared to 2018 figures. The calculation is based on emissions data from 197 companies in South Kore

Lotte Group is commemorating what would have been the 100th birthday of its late founder Shin Kyuk-ho by publishing his memoirs, giving out scholarships and funding for startups, holding a concert, and opening a memorial hall in the Lotte World Tower in Jamsil, Seoul. On Monday, Lotte unveiled a bronze bust of Shin and a memorial hall displaying media and historical records of the conglomerate’s history, a replica of Shin’s office in the early days, his old shoes, reading glasses, p

South Korean stocks closed more than 1 percent lower Wednesday as investors seek clues on the timeline for the tapering with the US Federal Reserve meeting this week in focus. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) lost 37.78 points, or 1.25 percent, to close at 2,975.71 points. Trading volume was moderate at about 649 million shares worth some 12.3 trillion won ($10.4 billion), with losers outnumbering gainers 684 to 187. Foreigners

President Moon Jae-in arrived in Budapest on Tuesday to hold a series of summit talks with the leaders of the so-called Visegrad Group: Hungary, Poland, Czech Republic and Slovakia. It will be the second gathering between South Korea and the four Eastern European countries. On Thursday, the president will hold multilateral and bilateral meetings with the prime ministers of the Visegrad nations. On the sidelines of the meetings, a business forum, a first of its kind, also will be held to explo

The risk of Korea entering a long-term economic recession is relatively low as Asia’s fourth-largest economy is likely to gradually recover from the pandemic under the “living with COVID-19” strategy, experts said Tuesday. “Many worry that the Korean economy would suffer long-term recession due to huge government debt. But the country is on the move to actively recover from the pandemic by taking its first step, lowering the social distancing measures,” said Lee K

Korean cuisine brand Bibigo and entertainment arm CJ ENM’s genre-specific studios to lead foray into global markets

An instant tteokbokki from Dongwon F&B is on a path to break the 20 billion won ($16.9 million) mark in annual sales by the end of this year, backed by the global popularity of the spicy Korean street food. Sales of “God of Topokki” as of October surpassed 18.5 billion won, the company said. The 10-month figure is a 20 percent increase from total sales generated over all of 2020. A popular Korean snack made with rice cakes and red chili pepper, tteokbokki is often spelled diff

With the local performing arts scene excited for a return to normalcy under South Korea’s “living with COVID-19” strategy, the Sejong Center for the Performing Arts announced its winter lineup, from a Vienna Philharmonic concert to “The Nutcracker” ballet. One of the most anticipated highlights of the center’s winter schedule is a concert by the Vienna Philharmonic and maestro Riccardo Muti on Nov. 14. The prestigious orchestra will perform Mozart’s S

Upon its listing, combined market cap of Kakao affiliates surpasses 100 trillion won, similar to Hyundai Motor Group

Foreigners’ real estate transactions hit record high in contrast to locals struggling for homebuying under strict lending rules

Legal authorities accelerate investigation involving presidential candidates ahead of elections

Justice Party’s presidential candidate pledges a new era where the citizens hold power

UIL director highlights the significance of lifelong learning in health in pandemic era