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Aides fail to coordinate agenda for Yoon-Lee meeting
Overdue wages for migrant workers average 6.63 mln won: survey
Three curators to lead Korea Pavilion's 'The House of Trees' at Venice
7 new train trip programs coming in May
[Career Compass] Preparing for a job interview?
Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
[Bridge to Africa] Africa, new gateway for Korean trade: envoys
Lee Jun-seok hints at presidential run
Seoul to promote luxurious side of the city
[Today’s K-pop] Kep1er to disband after 2 1/2 years: report
LG Chem eyes new leap into top science company
Hyundai, Kia seek to boost presence in China market
Seoul shares dip 1.76 % over tech, battery slump
S. Korea-US alliance won’t be swayed by US election outcomes: envoy
[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
Doctor gets suspended term for administering propofol to Yoo Ah-in
Girl picks up pile of cash, helps return it to owner
Monthly users on local streaming platforms outpace Netflix, Disney+
Korea enters clear growth path as Q1 growth hits 2-year high
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New Kyobo Life CEO urges change, innovation
Industry
Mar 25, 2024
The new CEO of Kyobo Life Insurance, the nation's leading life insurer, has pledged to achieve "sustainable growth" that benefits all stakeholders. Upon assuming office on Monday, CEO Cho Dae-kyu cautioned about the life insurance industry's current challenges, citing "stagnant growth and declining profitability." During his inauguration ceremony at the company's headquarters in Gwanghwamun, central Seoul, the CEO stressed the urgent need for "change and i
Posco International CEO vows to speed up digital transformation
Companies
Mar 25, 2024
Lee Kye-in, formerly president of Posco International, took office as CEO of the company, having been appointed to his new position during a board meeting at the company’s headquarters in Incheon on Monday. In his inaugural speech, Lee said, "As CEO of Posco Group's second-largest company, as well as a leading trading company, I will fulfill my responsibilities" to align with the company's new vision, "materials opening the future, innovation for the top class,&quo
Hyundai Motor ranks 2nd in US EV sales
Transport
Mar 25, 2024
Hyundai Motor Group ranked second behind Tesla in terms of electric vehicle sales in the United States in January, a report showed Monday. Citing statistics from S&P Global Mobility, Automotive News said the Korean auto conglomerate’s three brands -- Hyundai Motor, Kia and Genesis -- combined for 8,262 newly registered EVs in the US in January 2024 to account for 9.3 percent of the total market. According to the report, Tesla registered 48,757 EVs to retain the top spot, while traditio
Hyundai Motor, Saudi Arabia join efforts for future mobility ecosystem
Transport
Mar 25, 2024
Korean automaker to expand eco-friendly mobility services in Red Sea coastal development project
Eximbank to form W1tr fund for chips, battery
Industry
Mar 25, 2024
The Export-Import Bank of Korea, or Eximbank, announced it will form a 1 trillion won ($745 million) fund to support businesses in high-tech strategic industries, especially semiconductors and batteries. The policy lender will put in 150 billion won toward the fund which will close out at 1 trillion won. The fund will be used to provide preferential interest rates and loan limits to businesses related to chips, battery, bio, future mobility and electric engineering. It is the second fund establi
LX chief calls 2024 'turning point'
Industry
Mar 25, 2024
LX Holdings Chairman Koo Bon-joon said Monday he would enhance the group’s crisis response system in a bid to enhance its responsiveness to business uncertainties at home and globally. “The year 2024 will be an important inflection point as we prepare for the next three years of LX’s leap,” Koo said during this year’s annual shareholders meeting held at the company’s headquarters in Seoul. Koo’s comments come as LX Group spun off from LG Group in 2021
Antitrust watchdog to launch large-scale survey on e-commerce platforms
Industry
Mar 25, 2024
With the rapid influx of global e-commerce into the domestic market, the Fair Trade Commission is set to launch an extensive market survey starting Tuesday, to examine the evolving landscape and structure of the e-commerce market in Korea. The survey marks the first step in gathering data to produce a policy report slated for release by the end of this year. The report's objective is to proactively identify and analyze fair trade and consumer issues arising from shifts in e-commerce market
IBK to roll out W100b fund for digital tech
Industry
Mar 25, 2024
The Industrial Bank of Korea on Monday announced the establishment of a strategic investment fund worth 100 billion won ($75 million) to nurture businesses with innovative digital technologies. The fund will be pooled by the policy lender and its affiliate IBK Capital, with each investing 90 billion won and 10 billion won, respectively. As IBK Capital is more experienced in venture funding, it will manage the fund as a general partner, IBK explained. The fund aims to support platform operators w
65% of Korean firms penalize ChatGPT-crafted resumes
Industry
Mar 25, 2024
A majority of large companies in South Korea disadvantage applicants who craft their resumes using artificial intelligence services, such as ChatGPT, according to a survey released Sunday. The Labor Ministry and the Korea Employment Information Service unveiled a report on employment trends in the second half of 2023, which was based on a survey of human resource managers at the nation’s top 500 companies by sales. The survey was conducted from Nov. 20 to Dec. 22 last year, with 315 out of
[Photo News] Farewell to the Queen
Industry
Mar 25, 2024
Asiana Airlines’ Boeing 747-400, the last Boeing 747 aircraft in South Korea, is honored with a grand water salute at Taiwan Taoyuan International Airport on Monday to mark its final flight. Known as the “Queen of the Skies,” the iconic aircraft was first introduced in Korea in 1999. The Asiana aircraft has flown nearly 97,000 hours, completing over 18,000 flights and covering 88 million kilometers. (Asiana Airlines)
EcoPro invests $11m to secure stake in Indonesian nickel smelter
Industry
Mar 25, 2024
EcoPro, a South Korean battery materials holding company, said Monday that it had invested $11 million for a 9 percent share in Green Eco Nickel, an Indonesian nickel smelter operated by Chinese battery materials firm GEM, to expand the supply of nickel, a crucial raw material for lithium-ion battery production. The Green Eco Nickel smelter, situated on Sulawesi Island in Indonesia, boasts annual production of approximately 20,000 tons of nickel. The investment will allow EcoPro to gain addition
Hana Bank, ICE Digital Trade team up for paperless trading
Industry
Mar 25, 2024
Hana Bank announced Monday that it has inked a memorandum of understanding with global digital solutions provider ICE Digital Trade to innovate trading procedures, especially digitalizing trade-related documents and communications. ICE Digital Trade, part of New York-listed Intercontinental Exchange, connects over 56 global banks and 65,000 member companies through its digital trade transaction solution, called DSUA or Databridge Services & Users Agreement. This partnership aims to streamlin
[Photo News] New electric Mini in Seoul
Transport
Mar 25, 2024
Mini Korea will hold an exhibition to shed light on the past, present and future of the brand in Seoul from Friday to April 21, the premium small car brand under BMW Group said Monday. Showcasing the new all-electric Mini Cooper and new all-electric Mini Countryman, the "Mini Heritage and Beyond" exhibition will be held at the K Museum of Contemporary Art in Gangnam-gu. The new Mini EVs are to hit the local market later this year. (BMW Group Korea)
Plastic surgery remains top choice for medical tourists
Industry
Mar 25, 2024
Plastic surgery remains the top choice for medical tourists visiting Korea, with dermatology and dentistry gaining popularity recently, according to data from Creatrip, a Korean tourism platform, Monday. The data is derived from Creatrip’s market analysis of its medical tourism offerings in January and February this year. Plastic surgery emerged as the leading preference among inbound tourists, with reservation rates surging 220 percent from the previous year, accompanied by a 270 percent
Fescaro's 'defense in depth' system allows multi-layered vehicle cybersecurity strategy
Industry
Mar 25, 2024
With the concept of software-defined vehicles growing more prominent in the automobile industry, so is demand for automative cybersecurity. Fescaro, a leading cybersecurity specialist, has what it calls a "defense-in-depth" system that has a multi-layered strategy to provide security for the security of the car's system. The first layer cuts off the primary risks by filtering the inbound communications through a security gateway. The secondary layer applies security solutions to t
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Korea’s homegrown nanosatellite successfully launches into space
[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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