SEJONG -- The nation’s fiscal chief said Thursday that the Ministry of Economy and Finance will unveil the economic policy direction of the Yoon Suk-yeol administration next week, which highlights a full-fledged deregulation scheme for businesses as well as measures to tame inflation. At a ministerial meeting at the government complex, Deputy Prime Minister and Finance Minister Choo Kyung-ho com...

Multi-year agreement will see the organizations donate $120,000 annually to sustainability focused non-profits as part of Club's Vibrancy through Sustainability community pillar Year one donations totaling $120,000 will be made to Central Texas -based non-profits TreeFolks and the Clean Air Force of Central Texas In addition to the $120,000 Year one donations, Austin FC and Atlas to in...

President Yoon Suk-yeol faces his first test in multilateral diplomacy if his visit to an upcoming NATO summit is confirmed. It would also provide an opportunity for him to deepen South Korea’s relationship with the US and its allies amid diplomatic pressures with China and Russia. If Yoon participates in the NATO summit held in Madrid in late June, he would be the first Korean president to atte...

Seoul Mayor Oh Se-hoon said he would bring changes to the Seoul City-run media company Traffic Broadcasting System, which has often been accused of political bias in favor of the Democratic Party of Korea in one of its flagship radio shows. Oh, revealing the plan regarding TBS during an interview with Korean Broadcasting System on Wednesday night, said TBS would focus more on education programs ...

Civil servant has long been the most sought-after job among South Korean job seekers. Look at Noryangjin, where people all across the country cram for their civil service exams, giving birth to their own unique culture. For millennials and Generation Z, however, there have been several signs that civil service jobs are losing their appeal. New data released Thursday by the Ministry of Personnel...

“I don’t know why I was kind of mean to my dad,” says Bong Hyo-min, recalling his childhood. Growing up under two filmmakers, film has always been part of his life. But it wasn’t until he became a director himself that he started understanding his dad, Bong Joon-ho, a little more. Now a rising director himself, working under the mononym Hyomin, he is on his journey to discovering how he can make...

- Merck's retrosynthesis AI software 'SYNTHIA™ retrosynthesis software' accelerates Standigm's synthesis capability SEOUL, South Korea , June 9, 2022 /PRNewswire/ -- Standigm Inc. ("Standigm"), the leading workflow artificial intelligence (AI) drug discovery company, today announced the signing of a Memorandum of Understanding (MOU) with Merck Korea, for AI-based drug discovery research. The ...

Seoul shares fell for a third straight session Thursday, largely as investors took to the sidelines ahead of the release of US inflation data later this week and amid woes over an economic slowdown. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) retreated 0.71 points, or 0.03 percent, to close at 2,625.44 points. Trading volume was moderate at...

A suspected arson attack has left seven dead and dozens injured in Daegu on Thursday. A fire erupted on the second floor of a building in Soosung-gu, eastern Daegu, at around 10:55 a.m., fire authorities said. Seven people were found dead at the scene, and 46 people were injured from inhaling smoke from the fire. The fire was brought under control 20 minutes after 160 firefighters and 64 fire t...

Hyundai Steel said Thursday it has developed high-quality alloy steel that reduces noise emitted by electric vehicles. The steelmaking technology was jointly developed with Hyundai Motor Group and its affiliate, Kia, and was certified as a New Excellent Technology (NET) by the Ministry of Trade, Industry and Energy. The company said reducers made of the alloy steel enhances thermal management o...

OSONG, North Chungcheong Province -- The Korea Disease Control and Prevention Agency will roll out policies that safeguard the public against the COVID-19 pandemic and aid economic recovery under the new administration, KCDA’s new chief says. Speaking at a press conference on Thursday, new KCDA chief Peck Kyong-ran said that the pandemic is one of the new administration’s top priorities, and tha...

Manufacturers in the fields of auto, steel and construction that rely heavily on supply deliveries via freight trucks expressed concerns over intensifying logistics disruptions caused by a unionized cargo drivers’ strike on Thursday. According to the industry on Thursday, the country’s largest automaker Hyundai Motor Group has suspended operations of four factories inside its Ulsan plant due to ...

Minister of Land, Infrastructure and Transport Won Hee-ryong gives a thumbs-up during a test operation of Hyundai Motor’s level 4 autonomous car-hailing service RoboRide, delivered by Ioniq 5 in Gangnam, Seoul, Thursday. The carmaker said it will run the service via car-hailing service application i.M. between 10 a.m. and 4 p.m. to minimize inconvenience of commuters. Up to three passengers can ...

Budding cosmetics brand Barenbliss is garnering success in the Southeast Asian market, seeing rapid growth in online sales and receiving rave reviews from local media less than a year into its debut. In an interview with The Korea Herald, Barenbliss co-founder Jina Kim attributed her brand’s success to its “unique philosophy and insightful observations.” “Every product was produced on the basis...

North Korea opened a key Workers’ Party meeting with its leader Kim Jong-un in attendance to discuss a “series of important issues,” its state-run media said Thursday, amid rampant speculation the country may conduct a nuclear test soon. According to the Korean Central News Agency, Kim presided over the fifth enlarged plenary meeting of the party’s eighth Central Committee, which kicked off Wedn...