Cabinet endorses enforcement decree despite criticism from both business groups

External managers of NPS to be placed under stricter ESG mandates, NPS chairman says

North Korea fired a short-range missile into the East Sea on Tuesday, the South’s military said, just as Pyongyang’s UN envoy defended the country’s right to test weapons and called on the US to drop its “hostile policy” toward the reclusive regime. 　   　 South Korea’s Joint Chiefs of Staff said the North fired one “unidentified projectile” at around 6:40 a.m. into the sea off its east coast from the country’s northern Jagang Province n

Daesung Group Chairman Younghoon David Kim on Tuesday presented his vision for a waste-free world by harnessing the power of living microorganisms. Speaking to The Korea Herald at the 2021 Daesung Haegang Microbes Forum in Seoul, he said his energy conglomerate is investing to transform methane emitted from garbage buried inside landfills into useful resources such as biodegradable plastic. “Until now, we have utilized resources made of dead microorganisms, such as oil. It’s ti

SK Innovation and Ford will inject $11.4 billion and create nearly 11,000 new jobs at three new battery factories in Tennessee and Kentucky to produce electric vehicles and batteries. BlueOvalSK, a joint venture between the South Korean battery firm and the US automaker, will establish a twin lithium-ion battery plants in central Kentucky to power a new lineup of Ford and Lincoln EVs. Another one will be set up in west Tennessee, where Ford workers will build next-generation electric F-series

The South Korean Army will start testing a new combat system in 2024 to guide its entire operations as early as 2040. “The Army Tiger 4.0 is the future of warfare delivered by cutting-edge advances in technology,” the Army said. Tiger 4.0 is short for “Transformative Innovation of Ground forces Enhanced by the 4th industrial Revolution technology.” The Army said it will employ artificial intelligence-powered drones to facilitate decision-making on the battlefield, and

Prime minister says October post-vaccine normal a ‘road that must be taken’

Drone taxis to be rolled out in Seoul in four years

South Korea seeks to gradually return to normal daily life, while managing the spread of the novel coronavirus, between late October and early November, the health minister said Tuesday. The government earlier envisioned the "With Corona" scheme, under which COVID-19 is treated as an infectious respiratory disease like the seasonal influenza, with eased distancing being implemented. "The transition is likely to be around late October when 80 percent of adults are fully vaccinate

SsangYong Motor Co. and its lead manager said Tuesday they will select a preferred bidder and a secondary preferred bidder for the financially troubled carmaker by mid-October. SsangYong Motor, the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., and the bankruptcy court-appointed lead manager EY Hanyoung accounting firm were originally planning to pick the preferred and secondary bidders by the end of this month. "We are planning to announce the selection of a preferred b

Parties lash out at each other while corruption investigation ensues

South Korea appears to be leaving room for diplomacy but experts are mixed on the effectiveness

WASHINGTON -- The United States has condemned North Korea's missile launch as a threat to its neighbors and the international community, a State Department spokesperson said, urging Pyongyang to engage in dialogue. "The United States condemns the DPRK's missile launch. This launch is in violation of multiple UN Security Council Resolutions and poses a threat to the DPRK's neighbors and the international community," the spokesperson said in a statement Monday (local time), just hours a

"Squid Game," Netflix's new Korean survival drama, may become the global streaming entertainment giant's most successful original content ever, its chief has said. "Squid Game will definitely be our biggest non-English language show in the world, for sure," Ted Sarandos, co-CEO of Netflix, said Monday (US time) during Code 2021, an annual technology conference hosted in Beverly Hills, California, by American media company Vox Media. "It's only been out for nine days,