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Exploring works of Han Kang
Major online bookstores crash due to high traffic after Han Kang wins Nobel Prize in literature
Yoon celebrates Han Kang's winning of Nobel literature prize as 'monumental achievement'
Kremlin rejects S. Korean claim of N. Koreans fighting in Ukraine
Literature honor marks S. Korea’s 2nd Nobel Prize
South Korean author Han Kang wins 2024 Nobel Prize in literature
S. Korea, Laos vow to combat deforestation together
[Breaking] South Korea's Han Kang wins 2024 Nobel literature prize
South Korean same-sex couples make push for marriage equality
Rival parties clash over first lady's alleged involvement in nominations
Teenage N. Korean defector shares horrific story of life in reclusive regime
Lotte chief vows sustainable cacao sourcing in Ghana
Yoon, Ishiba agree to hold 'shuttle diplomacy'
[Herald Interview] NineWatt reveals the simple path to smarter urban energy use
Hyundai India to launch record $3.3 billion IPO on Oct. 22
NewJeans’ Hanni to attend National Assembly audit as witness
Global voices celebrate Hangeul at 1st Sejong Hangeul Olympiad
[Today’s K-pop] Ateez adds dates to Europe tour
Gyeonggi starts temperament tests on 'dangerous' dogs for ownership
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[Photo News] Lotte's EV push
Mar 26, 2024
Lotte Group Chairman Shin Dong-bin (center) visits a new EV charger production plant in Cheongju, North Chungcheong Province, on Monday. The plant, operated by EVSIS, a subsidiary of Lotte Innovate, an IT solutions unit, has an annual production capacity of 20,000 units. Lotte aims to nurture the EV charger business together with other future mobility businesses as its new growth drivers. (Lotte Group)
Hana Bank, GMO-PG to simplify Korea-Japan business payments
Mar 26, 2024
Hana Bank said Tuesday it signed a partnership deal with Japan’s largest payment processing company, GMO Payment Gateway, to launch a cross-border payment and settlement system for domestic companies expanding into Japan. Under the partnership, Hana and GMO will collaborate in providing a wide range of services Korean companies from expert consulting for starting businesses and launching franchises in Japan to assistance on transferring e-commerce sales generated in Japan. Thier collaborat
Daewoo E&C eyes bigger footing in overseas markets
Mar 26, 2024
Amid escalating construction costs and volatility in the financial markets triggered by interest rate hikes, the domestic real estate sector is grappling with unprecedented risks. In response, Daewoo Engineering & Construction is pivoting to international markets, notably in urban development projects, to mitigate these challenges, the company said Tuesday. Despite the recent market downturn, Daewoo E&C has demonstrated resilience. The builder reported sales of 11.6 trillion won ($8.67 b
How streaming TV buttons helped boost profits for Samsung, LG
Mar 25, 2024
Top two TV makers turn to content amid declining hardware sales
New Kyobo Life CEO urges change, innovation
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
Eximbank to form W1tr fund for chips, battery
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'
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
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
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
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
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
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
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
Plastic surgery remains top choice for medical tourists
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
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 added to key bond index
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Will Apple quit smart ring race with Samsung?
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[Breaking] South Korea's Han Kang wins 2024 Nobel literature prize
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Security issues to take center stage at ASEAN summit
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[Herald Interview] Byun Yo-han embraced voice of powerless in ‘Snow White Must Die – Black Out’
Patients opting to die with dignity on steady rise
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