Author Kim Hyo-eun, winner of the 2021 World Illustration Awards’ Professional Children’s Publishing category, talks about discovering the extraordinary in the most ordinary scenes

SK Plasma, a subsidiary of SK Discovery, said on Thursday it has been selected as the provider of blood products to Singapore for six years from 2023. As the first South Korean pharmaceutical company to win an order in Singapore’s state-run blood product project, SK Plasma will sign a contract with the Southeast Asian country this year, and produce albumin and human immunoglobulin using blood plasma from Singapore. Singapore’s Health Sciences Authority is known for having high qual

Shinhan Bank said Thursday it has opened an office in Hungary, becoming the first South Korean commercial lender to enter the central European country. The flagship lender under the nation’s No. 1 banking group by assets said it was granted the license to operate by the Hungarian National Bank in September and opened the office Tuesday. It also marked Shinhan’s latest overseas market entry since the launch of its subsidiary in Mexico in 2018. The new office is expected to bolste

Fund houses in Korea to compete on level playing field with foreigners on domestic nonbank direct lending market, experts say

Questions remain whether the new law will be effective in protecting victims and their families

Finance Minister Hong Nam-ki said Thursday that the government will come up with measures to prevent and redeem what are deemed to be "unusually excessive" gains from land development projects in the wake of the escalating scandal over a corruption-laden urban development project near Seoul. A prosecution probe is under way into how a little-known asset management firm, Hwacheon Daeyu, and its seven affiliates reaped profits worth 1,000 times its investment in an apartment development

North Korea's recently tested submarine-launched ballistic missile (SLBM) appears to be in an early stage of development and can be intercepted, South Korea's defense minister said Thursday. Suh Wook made the remarks during a parliamentary audit session, as his ministry vowed to deploy more missile detection assets and reinforce cooperation with the United States to deal with the North's continued missile research activities. Tensions flared up anew Tuesday, when Pyongyang launched a new type

Samsung Heavy Industries Co. said Thursday it has won an approval in principle (AIP) for the conceptual design of a storage tank and carrier to transport liquefied hydrogen, from Lloyd's Register, a British ship quality assurance and risk management company. AIP for the conceptual design means a certification agency has reviewed it and confirmed it meets the agency's technical requirements and standards for safety. The conceptual design of a membrane-type storage tank and 160,000-cubic meter

Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday that it has bagged a 232.2 billion won ($197.6 million) deal to build a LNG carrier. The deal, signed with an Oceanian company, calls for DSME to deliver the vessel by September 2024, the shipbuilder said in a regulatory filing. Not including the latest deal, DSME has won $8.58 billion worth of orders so far this year for 46 ships, one wind turbine installation vessel (WTIV), one submarine and two offshore facilities, alrea

SEJONG -- The number of layer chickens raised in South Korea dropped 4.2 percent in the third quarter from a year earlier due to the impact of the bird flu outbreak, data showed Thursday. The number of layer chickens came to 70.7 million as of end-September, compared with 73.8 million a year earlier, according to the data from Statistics Korea. Yet it was up from 65.9 million three months earlier and 62.1 million as of end-March, which was the lowest in more than three years. The on-year decr

A man who was sentenced by a district court to four years in prison for stealing a painting by South Korean abstract master Kim Whan-ki has been given a heavier sentence by an appellate court after he was found to have stolen other paintings, judicial officials said Thursday. The Seoul High Court handed out a six-year prison sentence to the man surnamed Kim, who was indicted for stealing the late painter Kim's painting titled "10-Ⅴ-73 #314," also known as "Sanulrim" (Echo am

Yoon Seok-youl, a leading presidential contender of the main opposition People Power Party (PPP), expressed regret Thursday after coming under intense criticism for his remarks seeming to praise former authoritarian President Chun Doo-hwan. Yoon said Tuesday that many people think Chun did well in politics, except for his bloody suppression of a 1980 pro-democracy uprising in the southwestern city of Gwangju and his seizing power through a coup. The comments sparked a backlash especially becau

  The government is committed to expanding support for police to beef up public safety, Prime Minister Kim Boo-kyum said Thursday, as it vowed to increase the law enforcement agency's workforce and budget. Kim expressed his respect and gratitude to some 150,000 police officers in the country for their services at the 76th Police Day ceremony at the Korean Police Investigation Academy in Asan, 90 kilometers south of Seoul. He called on police to win people's trust with responsible and scie

Kim Seon-ho’s ex-girlfriend has engaged a lawyer, who vowed legal action against malicious media coverage and online comments. “All possible legal actions will be taken against articles, posts and comments with ill-intended content,” said Best Way, the law firm representing Kim‘s ex-girlfriend, in a statement released Wednesday. The statement said their client was suffering from the hateful comments made by local media and online posts as her personal information had b