Unity Korea on Wednesday vowed to grow together with game developers as well as creators in media and entertainment sectors, offering services that go beyond the conventional gaming realm. During a press conference to mark its 10th anniversary, the Korean branch of the California-based 3D game company introduced a webtoon tablet that allows artists to draw duplicating scenes as an example of its digital solutions for creators. Dr. Frost, a piece uploaded on Naver Webtoon, illustrated massive

South Korea has confirmed 3,213 more cases of four major contagious variants of the new coronavirus over the past week, including 3,209 of the highly transmissible delta variant, health authorities said Wednesday. The number of new delta variant cases accounted for 99.9 percent of new variant cases reported last week, according to the Korea Disease Control and Prevention Agency (KDCA). The tally indicates the delta variant is the dominant strain of coronavirus in South Korea, making it more diff

Lawmakers question validity of 5 billion-won severance pay to representative’s son

Price hike this year surpasses annual gains observed in post-Asian financial crisis in early 2000s

Shinhan Financial Group said Wednesday it has decided to invest 18 billion won ($15.1 million) into three startups offering cutting-edge technologies as part of its bigger plan to boost the group’s digital capabilities. Three startups that attracted the funding include Galaxy Corp. which owns intellectual property rights to virtual characters for metaverse platforms as well as Xinapse, an artificial intelligence technology-based startup. Shinhan plans to collaborate with the firms to e

SK E&S Co., the energy unit of South Korean conglomerate SK Group, said Wednesday it will team up with US fuel cell maker Plug Power Inc. to make a foray into the Asian hydrogen market. The two companies struck a deal to establish a 51:49 joint venture company, nine months after SK E&S and SK Inc., the group's holding firm, invested 1.6 trillion won ($1.5 billion) to acquire a 9.9 percent stake in Plug Power.   The joint venture will build a factory to produce key component

Finance Minister Hong Nam-ki said Wednesday the government is expected to log a larger-than-expected surplus in tax revenue this year as the economic recovery gathers pace. In July, the government forecast the country is expected to collect 314.3 trillion won ($264 billion) in tax revenue for this year, up 31.5 trillion won from its earlier forecast of 282.7 trillion won. But the National Assembly Budget Office forecast a larger surplus, saying that the country may record excess tax revenue of

Disease prevention agency’s data suggests number could soar to 5,000 in November

South Korean Foreign Minister Chung Eui-yong stressed the need to declare an official end to the Korean War in his talks with US Secretary of State Antony Blinken, amid recent signs of potential discrepancies between Seoul and Washington in their approaches to Pyongyang. 　 The two envoys held a pull-aside meeting Tuesday on the margins of a meeting of the Organization for Economic Cooperation and Development in Paris. 　 Chung told Blinken that President Moon Jae-in’s recent proposal to

Seeking to explain “King” character on hand, opposition presidential candidate associates Korean women with fortunetellers

FTC says review to be complete by end of year

First Vice Foreign Minister Choi Jong-kun called Wednesday for the two Koreas to work together to build a "future order of peace" on the Korean Peninsula, starting with the proposed declaration of a formal end to the 1950-53 Korean War. President Moon Jae-in again proposed the declaration during the U.N. General Assembly last month, in an effort to bring North Korea back to dialogue and revive his stalled drive for peace. "The share of the task to build step by step a future order

The nation’s top financial regulator said Wednesday it is preparing to announce new measures to curb snowballing household debts.  “South Korea‘s growth pace of household debt has been much more rapid than other countries. The Financial Services Commission has been stepping-up efforts to prevent households’ high indebtedness from posing a major threat to the Korean economy,” said FSC Chairman Koh Seung-beom at a parliamentary audit session for the financial re

After becoming the oldest player in South Korean baseball history to put up 20 home runs and 20 steals in the same season Tuesday night, SSG Landers' outfielder Choo Shin-soo wasn't really in the mood to celebrate. For one, Choo has done this before -- not once, but three times in Major League Baseball (MLB). The 2018 American League All-Star for the Texas Rangers enjoyed 20-20 campaigns in 2009 and 2010 with the Cleveland Indians, and 2013 with the Cincinnati Reds. Also, the Landers are in the

Gyeonggi Province Gov. Lee Jae-myung, the front-runner in the presidential primary of the ruling Democratic Party (DP), is expected to resign from his governorship late this month to focus on campaigning for next year's presidential election if nominated as the party candidate. According to sources, Lee's team has determined that it would be best for Lee to step down as soon as the parliamentary audit wraps up later this month or no later than Nov. 5, when the main opposition People Power Party