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

Pyongyang urges UN to look into US human rights abuses

Korea Gas Corp. is undergoing a paradigm shift from a fossil fuel resource developer to a hydrogen-based eco-friendly company by pushing forward its hydrogen as well as natural gas businesses. Established in 1983 with a mission for safe and stable supply of natural gas, KOGAS owns 74 storage tanks with a total capacity of 11.56 million kiloliters at five production sites in Pyeongtaek, Incheon, Tongyeong, Samcheok and Jeju; 4,945 kilometers of natural gas pipelines nationwide; and 413 supply ma

K-pop superstar BTS’ “Butter” has been named as Variety’s 2021 record of the year, its agency Big Hit Music said Sunday. Influential US entertainment magazine Variety had announced the final list of honorees for its annual Hitmakers celebration Friday in the US, elaborating that the writers and producers -- “multi-hyphenate creatives/executives Jenna Andrews and Ron Perry, RM, Stephen Kirk, Alex Bilowitz and Rob Grimaldi” -- had crafted the perfect hit. The

The number of Netflix's monthly active users (MAU) in South Korea hit a record high in September from a month earlier helped by the Korean-made mega hit "Squid Game," a market research firm said Sunday. The US streaming giant's monthly active users in South Korea reached 9.48 million in September, up 9.8 percent from the previous month's 8.63 million, according to Nielsen KoreanClick. September tally marked the highest since Netflix launched its streaming service in South Korea in 201

An officer of an Army unit in Gimpo, west of Seoul, was wounded Sunday after an unidentified explosive device detonated during defense operations, military officials said. The officer was immediately rushed to a nearby civilian hospital following the blast at around 7:35 a.m., the officials said. Despite an injury to his ankle, he was not in critical condition. The military authorities are looking into the exact cause of the explosion, including the possibility of a landmine blast. (Yonhap)

South Korea's new coronavirus cases stayed above 3,000 for the fifth consecutive day Sunday amid concerns over the full-fledged reopening of schools and a virus resurgence ahead of winter. The country reported 3,120 new COVID-19 cases, including 3,098 local infections, raising the total caseload to 415,425, according to the Korea Disease Control and Prevention Agency (KDCA). Daily infections have stayed in the quadruple digits since July 7 due to growing cluster infections and the spread of more

A choking pall of fine dust plagued much of South Korea on Saturday, prompting authorities to urge vulnerable people to stay indoors. As of noon, the density of ultrafine dust, called PM 2.5, hit the "very bad" level for Seoul, Incheon, Gyeonggi Province and South Chungcheong Province, according to data from the state-run Korea Environment Corp. Other parts of the country, excluding Gwangju and South Jeolla Province in the southwest, registered "bad." The level of fine d