Forum discusses cooperation between Korea and the Middle East in post-COVID era.

Developing clean energy is a win-win opportunity for both Chile and Korea, as both are open economies with access to the wider market through the Pacific Ocean, Chile’s Minister for Energy and Mining Juan Carlos Jobet said in an interview with The Korea Herald. Jobet said Chile has vast renewable resources, powerful solar irradiance and ample wind resources for producing clean energy that the country wants to share with the rest of the world. With Korea’s goal of achieving carbon n

Standard Chartered Bank Korea saw its quarterly net profit jump 87.2 times on-year to 79.4 billion won ($67.3 million) on a decrease in its future bad debts, filings showed Monday. The surge is attributable to a shrink in provision for credit losses -- an indicator of a financial institution’s future bad debt -- during the third quarter, as well as the increased interest income, according to filings submitted to the Financial Supervisory Service Monday. Notably, the provision for credi

Great news for French film fans in Korea: French Cinema Week 2021, organized by the French Embassy in Seoul and the association of Korean Buyers & Distributors of Foreign Films in Korea, kicked off Monday with screenings of 40 films. The event, running through Sunday, is being held at 14 local theaters in five different cities, including Seoul, Incheon and Daejeon. This year’s French Cinema Week is held under the theme of “Save Our Cinema.” “We hope to support the

Connecting multichannel network companies, tech and media industries with creators and their fans can create powerful synergy in the content business sector, according to Song Jae-yong, CEO of Treasure Hunter, one of the pioneering multichannel network companies in Korea. On Nov. 8, Song was appointed as the first president of the newly created Korea Federation of Content Creators. The KFCC’s mission is to support and develop creative Hallyu content for the global market. Some 30 busine

Art experts say traditional, modern Korean art out of reach due to scarcity, budget constraints

Indonesia will see its payment reduced by 100 billion won ($85 million) to 1.6 trillion won for the joint fighter jet project with South Korea, the Defense Acquisition Program Administration said Monday, a week after it reached a new deal with Indonesia amid rumors of the Southeast Asian country defaulting.　 The KF-21 program -- in which Indonesia seeks a 20 percent share and technology know-how while Korea holds the rest -- aims to mass produce jets as early as 2027, but Indonesia had hardly p

NCT 127 will meet fans in person with a three-day concert series in Seoul in December, announced label SM Entertainment on Monday. 　 The subunit of NCT will host “NCT 127 2nd Tour ‘NEO City: Seoul - The Link’” from Dec. 17-19, almost three years since its last concert. The live performance on the final day will also be broadcast across the world via Naver’s V Live. The group will then tour through a string of major international cities. 　 The nine-member act relea

While made-for-television political satires have had little success in Korea, “The Blue House Family” is ready to take a jab at the genre early next year. It so happens that 2022 is a presidential election year in Korea, and Astory, the production company behind the 10-episode sitcom, is betting that content related to politics will grab viewers’ attention. 　 “Politics and comedy go well together. Many comedians and content creators view the political scenes as a treasu

South Korean commercial real estate services startup Rsquare said Monday it has raised $72 million in series C funding from private equity firm STIC Investments. The proceeds will be used to enhance its property technology that powers its real estate services, strengthen its foothold in the Vietnamese market with a new business launched in June, expand its presence in other Southeast Asian countries including Singapore and Indonesia and hire new talents. STIC Investments is the sole investor