Kyobo Life Insurance CEO Shin Chang-jae shared his ideas on human-centered management with small-sized business owners, government officials and scholars from around the world, officials said Sunday.“Profit is like fuel. A company cannot live without it but should not live for it, either,” said Shin in his keynote speech at a forum held Friday in New York, local time.Shin Chang-jae, CEO of Kyobo Life Insurance. (Kyobo Life Insurance)The event, titled “Sustainable Stakeholder Relationship Managem

Expert calls for incremental approach in narrowing gaps in copyright issues amid thawing relations

US Secretary of State Mike Pompeo’s mention of “prosperity” for North Korea if it ends its nuclear weapons programs may hint at economic rewards for the cash-strapped regime.  　Pompeo said Friday that his talks with Kim Jong-un in Pyongyang had been “warm,” “constructive” and “good,” and he made clear that if North Korea dismantles its nuclear weapons in a permanent and verifiable way, the US would be willing to help boost the North’s economy.　“If North Korea takes bold action to quickly denucle

South Korea’s top financial regulator will embark on initial steps to review accounting fraud allegations involving contract drug manufacturer Samsung BioLogics this week, the outcome of which will largely sway the company’s future prospects and legal standing.The Financial Services Commission is set to review the closely-watched case on Thursday via an in-house accounting oversight panel, marking the first formal meeting on the issue. It will then refer the case to the Securities and Futures Co

SINGAPORE -- Many people may not know that South Korea’s red ginseng entered the Southeast Asian market in the 1930s.Now amid growing awareness of healthful products and a rise in modern illnesses, Cheong Kwan Jang, the top-selling red ginseng brand by Korea Ginseng Corp., has been quietly making waves in other Asian markets. Its expanding presence, however, comes after years of efforts, according to the company, as it faced long-standing cultural perception surrounding red ginseng.“Definitely w

Rival parties’ wrangling over the local elections and North Korean denuclearization continued Sunday, with the ruling Democratic Party accusing the opposition leader of damaging national interests. “(Liberty Korea Party) Chairman Hong is misleading (the public) as if the Moon Jae-in administration pleaded (with the US) to hold the US-North Korea summit on June 12, a day before the local elections,” said Rep. Back Hye-ryun of the Democratic Party.  Liberty Korea Party Chairman Hong Joon-pyo deliv

North Korea’s decision to close down its Punggye-ri nuclear weapons testing site is being met with mixed reactions from the South Korean political arena. On Saturday, North Korea announced that the site would be shut down between May 23 and 25, and media outlets from South Korea, China, Russia, the UK and the US would be invited to witness the event. Cheong Wa Dae spokesman Kim Eui-kyeom holds a briefing on North Korea’s decision to disable its Punggye-ri nuclear facility, in Seoul on Sunday. Yo

North Korea’s state news agency slammed Japan for insisting on the return of abductees as a condition of normalizing ties, accusing its neighbor of going “against the trend” toward the “building of a bright future” in the run-up to an unprecedented summit between US President Donald Trump and Kim Jong Un.“The reactionaries of Japan are hyping the ‘issue of abduction’ which had already been settled,” KCNA said in a commentary published Saturday. “This is just a mean and foolish behavior to stem t

Having recently wrapped up its “Blooming Days” promotions in Korea, EXO-CBX has kicked off its first Japanese arena tour.  EXO-CBX performs at a concert in Yokohama on Friday. (JYP Entertainment)The subunit of EXO, consisted of Chen, Baekhun and Xiumin, successfully held its first leg of “EXO-CBX Magical Circus Tour 2018” at Yokohama Arena on Friday, drawing about 13,000 concertgoers. For about two hours, the band performed 21 songs, including tracks from its first Japanese full-length album “Ma

Day6 is set to drop a new Japanese single in July.The band’s agency JYP Entertainment said Saturday that the act’s second Japanese single, “Stop the Rain,” will be released on July 25. The upcoming record has been produced by Shinichi Ubukata, a guitarist known for his activities as a member of Japanese rock band Ellegarden and Nothing’s Carved in Stone.  Poster for Day6’s upcoming Japanese single “Stop the Rain” (JYP Entertainment)Day6 has also participated in writing and composing the new song

Experts warn hedge funds will continue to go after conglomerates’ succession; Hyundai remains unrattled, underscores long-term plans pivoting on Mobis

Two out of 3 family members belonging to conglomerates own more than a 20 percent stake in one of its unlisted affiliates, data showed Sunday, a sign of potential unfair trading within businesses.According to the data by the Fair Trade Commission, the nation's antitrust watchdog, 38 out of the country's 57 major family-controlled conglomerates, or chaebol, with assets of 5 trillion won ($4.7 billion) or more were found to have people with "special ties" to the top manager and owned stakes in aff

The number of full-time jobs in South Korea's manufacturing businesses decreased for the third straight quarter in the first three months of 2018 amid overall challenges facing the sector, official data showed Sunday.According to Statistics Korea that conducted a review of workers in the country's manufacturing field, 2,384 positions were lost in the January-March period compared with the year before.The contractions follow a drop of 2,394 and 9,257 posts in the third and fourth quarters of last

"Avengers: Infinity War" surpassed 10 million in attendance on Sunday, the 19th day since it hit South Korean theaters, its local distributor said.The latest release from Marvel Studios became the fastest foreign film to break 10 million in South Korea, according to Walt Disney Company Korea.It also became the 21st film ever to hit the milestone in the country and the fifth non-Korean film to do so, following "Avatar" (2009), "Interstellar" (2014), "Frozen" (2014) and "Avengers: Age of Ultron" (

North Korean state media outlets on Sunday widely reported the country's decision to dismantle its nuclear test site, a move seen as underscoring its seriousness about denuclearization.The Rodong Sinmun, the North's main newspaper, carried the full text of a statement the foreign ministry released the previous night that the country will demolish its Punggye-ri nuclear test site between May 23 and 25. Punggye-ri nuclear test site (Yonhap)The Korean Central Broadcasting Station, a radio station f