On the last morning of February 2020, South Korea awakened to the news that Daegu had the largest number of COVID-19 cases outside of China and the city didn’t have enough medical personnel to cope with surging infections. Kang Jeong-hwa heard the news while going to work, and it haunted her the rest of the day. By the evening, she decided to act; she would plunge herself into the crisis. “Why you, among all people, mom?” asked her daughter, who had hurriedly returned from

The labor union of LG Innotek has sent various items to COVID-19 front-line workers as a token of appreciation for their contributions to society, the company said Wednesday. Various branches of the union organized the donations on their own, which in total amount to 33 million won ($29,000). The Gumi, North Gyeongsang Province, chapter, for instance, prepared stationery sets for 111 nurses and nursing assistants whose children began school this year, along with letters expressing their grati

The Korea Herald announced Wednesday the appointment of Choi Jin-young as The Korea Herald CEO and Jeon Chang-hyeop as the Herald Corp. CEO and publisher. Choi was a two-term mayor of Namwon, North Jeolla Province, and previously served as the president of Woolim Holdings. He is a graduate of Kyung Hee University. As The Korea Herald CEO, Choi is expected to focus on expanding digital content and strengthening The Korea Herald brand.  Herald Corp. also promoted Jeon Chang-hyeop, seni

EXEM, a South Korean IT company, reported its best performance ever in the fiscal year 2020 that ended on Dec. 31. EXEM recently announced that consolidated sales reached 39.2 billion won ($34.8 million) last year, up by 14 percent from a year earlier. Operating profit and net profit rose 53 percent and 79 percent to 9.6 billion won and 8.7 billion won, respectively. “We have been able to achieve a record-high performance based on our accumulated DBPM, APM core technology plus a solid b

진행자: 김혜연, Paul Kerry 1. Korea sees discouraged workers increase 58% in 5 years     In 14 months, de facto jobless among people aged 15-29 up 300,000 요약: 국내 취업포기자가 갈수록 늘고 있는 상황에서, 1년 2개월 후에는 사실상 15-29세 무직자가 30만 명 증가할 것으로 예측한다. [1] The number of people who have given up on looking for jobs has shown a steady increase in South Korea since the nation started compiling the data in January 2014. They are dubbed “discouraged workers.” *discouraged worker: 취업의욕 상실한 노동자 *de

If the Biden White House were a factory, management would post a sign at the front gate: 68 days without a presidential gaffe. What has come over Joe Biden? His first two months as president haven’t been perfect, but they’ve been as close to it as this 78-year-old career politician has come in his long and bumpy career. He passed his $1.9 trillion COVID-19 relief bill in only 51 days; now he’s working on a $3 trillion recovery plan -- for an economy that’s already growin

Coway, a South Korean home appliances rental firm, has been honored at this year’s Business Integrity Society summit for its continuous commitment to a framework for environmental, social and governance, or ESG, standards as well as corporate transparency, the company said Tuesday. It was chosen as an “Excellent Anti-Corruption Company” at the BIS Summit 2021 Anti-Corruption Awards held last week by the UN Global Compact and the Korea Social Responsible Investment Forum. &l

Hyundai Engineering & Construction, the company behind South Korea’s top apartment brand, Hillstate, is starting presales of units in a high-rise mixed-use apartment complex in the southeastern city of Daegu, the company said Tuesday. Slated for completion in the summer of 2024, the complex, dubbed HillState Dalseong Park Station, comprises three buildings with 392 housing units each measuring 84 square meters. Of the 392 units, 72 are what locals call “residential officetel&rdq

This year’s meeting of China’s legislature, the National People’s Congress, was one of the most important in recent times. China is facing its most hostile external environment in decades, with a growing number of countries pushing back against its political repression and coercive diplomacy. And the imperative of reshaping its economic-development model is more urgent than ever. To meet the challenges ahead, China is banking on its 14th Five-Year Plan, which was officially a

The Southern Common Market (Mercosur) was founded upon the signing of the Treaty of Asuncion in 1991 by Argentina, Brazil, Paraguay and Uruguay. The bloc is a historic achievement in the region and one of the major milestones in Latin American economic integration, which was intended to overcome the previous logic of rivalry between the countries and establish cooperation dynamics. With a population of almost 300 million and an area of about 15 million square kilometers (50 percent larger than

Admissions for the KDI School of Public Policy and Management’s 2021 fall semester will start April 1 for both international and domestic applicants. Online applications can be submitted from April 1 at 9 a.m. until April 19 at 6 p.m. (Korean time). Affiliated with the Korea Development Institute, Korea’s No. 1 think tank, the KDI School of Public Policy and Management opened in March 1998. Since then it has remained unrivaled in teaching and research on development and public polic

The United States and the world entered recession a year ago. Normally, economists can’t predict the onset of a downturn. But because this recession stemmed from the COVID-19 pandemic, they could reliably discern its beginnings without waiting for the standard economic indicators. By the end of the second quarter of 2020, US gross domestic product had plunged by a record 11 percent, taking the economy from an estimated 1 percent above potential output at the end of 2019 to a level 10 perc