South Korea and Colombia vowed to deepen ties and step up cooperation in the areas of health care, digital transformation and climate change, as the top envoys of the two countries met Wednesday. 　 Foreign Minister Chung Eui-yong held talks with visiting Colombian Vice President and Foreign Minister Marta Lucia Ramirez in Seoul, discussing a wide range of bilateral and regional issues. Ramirez was in Seoul to attend the Korea-Pacific Alliance Green Economy Forum held earlier in the day, joined

The foreign ministry has disclosed classified documents about a 1989 visit to North Korea by a then South Korean college student, including Pyongyang's demand that Seoul should not punish her for making the unauthorized trip. Lim Su-kyung, a member of a pro-unification group of college students, made the trip to attend a youth event in Pyongyang without the government's permission and returned to Seoul through the inter-Korean border village of Panmunjom. She was arrested upon return and sente

Netflix hit series “Squid Game” will return with a second season. “Discussion about a second season is indeed in progress, but nothing has been confirmed yet,” a Netflix official told The Korea Herald on Wednesday morning. Earlier, Hwang Dong-hyuk, the director and writer “Squid Game,” had said that there would be a second season of the dystopian drama during a special screening and Q&A with reporters in Los Angeles on Tuesday. The creator told the rep

About 18,700 metric tons of urea that China was holding back will be shipped to South Korea soon, temporarily alleviating an acute shortage of an essential additive used to cut emissions from diesel vehicles. 　 China has confirmed that it will proceed with the export process for 18,700 tons of solid urea that was previously contracted to Korean firms, the Foreign Ministry said Wednesday. 　 Of the total, about 300 tons of urea has cleared customs and will be able to leave the Chinese port arou

Park’s two sons to resign as well to focus on own business

The annual ceremony honoring UN veterans of the 1950-53 Korean War will be held in Busan on Thursday. The “Turn Toward Busan” event -- attended by Prime Minister Kim Boo-kyum, Colombian Vice President Marta Lucia Ramirez, UN Command Commander Gen. Paul LaCamera -- takes place in the city housing the first UN cemetery with 2,311 war dead from 11 countries. About 2 million UN troops participated in the war. The ceremony, which has invited veterans and their families as well as top d

Key heavyweights touted to run as parties look to bolster their chances in the presidential race

South Korea has suffered continuous capital outflows of foreign stock funds amid the recent lackluster performance of the domestic market. Thanks to their selling spree, Asia’s fourth-largest economy has seen a further decrease in foreign ownership, data showed Wednesday. Offshore investors sold a net 31 trillion won ($26.2 billion) of local stocks from January to October, having already surpassed last year’s combined net sales of 24.3 trillion won, according to data from the Financ

Posco Chemical Co., a unit of South Korean steel giant Posco, said Wednesday it plans to acquire a 15 percent stake in a Chinese manufacturer of artificial graphite anode material as part of efforts to bolster its battery materials business. The decision, reached at a board meeting earlier in the day, enables Posco Chemical to invest 26.1 billion ($22.1 million) in Inner Mongolia Sinuo New Material Technology Co. and participate in the management of the company, the company said in a regulatory

The pace of household debt growth in South Korea slowed down in October, while the yields on both short-term 3-year and benchmark 10-year Treasury notes saw gains in the same period, data showed Wednesday. The outstanding household loans extended by banks here gained 5.2 trillion won ($4.3 billion) on-month to 1,057.9 trillion won, Bank of Korea data showed. The gain was less sharper compared with a 6.4 trillion won on-month gain observed in September, an on-year increase of 10.6 trillion won

Corporate culture needs to change to be more welcoming to female workers, a new report says

Lee pledges additional support funds; Yoon offers W50tr compensation for self-employed

Hyundai Heavy Industries Holdings Co. (HHIH), the world's largest shipbuilding group, said Wednesday it will launch a 34 billion-won ($28.8 million) fund to support promising startups in the digital health care and bio industries. The fund will help the company advance into the digital health care market and seek new business opportunities, HHIH said in an emailed statement. HHIH will invest in telemedicine, digital therapeutics, artificial intelligence-based diagnostics and new biomedicine de

　SHK Smarter 7 said it has developed a varnish that inactivates, or virtually kills, more than 99 percent of the novel coronavirus. 　The eco-friendly paint and varnish producer said that when its Dr. Virus varnish is painted on walls and ceilings, repeated air circulation allows it to inactivate the COVID-19 virus and bacteria in the air. 　The anti-COVID-19 test of the new product was conducted at a bioveterinary research lab of Wageningen University in the Netherlands, which is an internation