SEJONG -- The government on Monday unveiled a package to the improve living conditions of households suffering from a spike in consumer prices, by slashing their expenditure burden for commodities and housing. A batch of countermeasures -- which are likely to cost about 3.1 trillion won ($2.5 billion) in state funds -- against the high inflation rate were confirmed during a meeting of economy-re...

Ahead of Wednesday’s local elections, candidates are making their last-minute plea for votes, with some of them talking big to take advantage of big name companies and their huge investment plans unveiled recently. Politicians offering populist pledges is nothing new during election campaigns, but this year their rhetoric appears to have gained some weight as they come along with a series of new...

The pledges of Seoul’s education superintendent candidates are split according to their political inclinations, despite the rule against candidates revealing their political stances. With the local election just around the corner, candidates from the conservative bloc are promising to improve students’ academic achievements, attacking the previous administration led by Seoul’s education superint...

Program also spotlights unmatched campaign case studies from APAC and discusses need for Business Sustainability and DE&I HONG KONG , May 30, 2022 /PRNewswire/ -- Yahoo reinforced its commitment to innovation, fueled by immersive adtech and performance driven solutions at its 2022 APAC Growth Summit. Following last year's successful Yahoo APAC Growth Summit live stream, the two-day virtual ev...

Seoul shares ended higher for second straight session Monday as investors scooped up large-cap stocks on bargain hunting following gains on Wall Street and hopes for economic recovery in China. The South Korean won rose to the highest in over one month to the US dollar. The Korea Composite Stock Price Index (KOSPI) rose 31.61 points, or 1.2 percent, to close at 2,669.66. Trading volume was moder...

ApolloX DEX launches order-book spot trading Initial launch of spot pairs includes native APX token 5.7 billion APX burned and transition to DAO decentralized governance ANTIGUA , Antigua and Barbuda , May 30 , 2022 /PRNewswire/ -- ApolloX , one of the top decentralized crypto derivatives exchanges, has launched spot trading and listed trading pairs including its native APX token." Sim...

The South Korean government said Monday that it would stop operating clinics for mild COVID-19 cases and introduce a fast-track process for at-risk groups. The government said it has decided to close down all local clinics that have temporarily been used for mild COVID-19 cases due to their low operation rate, as well as to prevent the government’s health expenditures from going to waste. Start...

One of the most overused K-drama cliches is a superrich man falling in love with a beautiful girl from a poor family. Twenty-six year-old Koh, who is a member of a matchmaking program run by Duo, says it’s just the way it is. “Men’s wealth and women’s looks. I think it’s a reasonable trade-off,” Koh said. “Women wanting someone better than themselves is just as natural as people wanting more mo...

Tech giant Naver said Monday that it has officially launched an artificial intelligence-based call service for older people who live alone. The service, Clova AI Contact Center Solution, is operated by the company’s AI technology Hyperclova, which calls and checks up on users about their eating habits, sleeping patterns and potential health problems. The AI has adopted high-quality voice synthe...

Meanwhile, the two films -- “Decision to Leave” and “Broker” -- have been performing well in the global film market. “Decision to Leave” has been sold to 192 countries, which is close to the record held by “Parasite,” which was sold to 205 countries. “Broker” has been sold to 171 countries. Park’s new movie centers on a polite and honest police officer named Hye-jun (Park Hye-il). Hye-jun looks...

North Korea’s suspected new COVID-19 cases on Sunday rose above 100,000 after the country discussed potential adjustments to antivirus measures and reportedly lifted lockdown restrictions in the capital Pyongyang. The state emergency epidemic prevention headquarters reported around 100,710 more people with feverish symptoms in the 24 hours up to 6 p.m. on Sunday, North Korea’s state media report...

Buses are seen operating in central Seoul on Monday. Bus and taxi drivers are eligible for the COVID-19 cash handouts worth 3 million won ($2,400) as part of the government‘s 62 trillion won extra budget bill, which was approved by the parliament on the same day.

Samsung Display, the display making arm of Samsung Electronics, is poised to fully shut down its unprofitable liquid crystal display panel business for televisions in June, after over 30 years of operation. “(Samsung Display) will terminate its supply of LCD panels in June,” an industry source said Monday. The company has been manufacturing its lower-end panels in Asan, South Chungcheong Provinc...

The South Korean government has been reviewing the export of artillery shells to Canada in a bid to help the country replenish its depleted weapons stocks sent to Ukraine. Canada recently asked if South Korea is able to export 100,000 rounds of 155 mm artillery ammunition through a diplomatic channel, a South Korean senior official at the Defense Ministry confirmed to The Korea Herald on Monday....

Mercedes-Benz has also launched the industry’s largest 56-inch touchscreen, called Hyperscreen, for its flagship EV model EQS. It is powered by MBUX, short for Mercedes-Benz User Experience. MBUX was introduced in 2018 as one of the more capable automaker-created, voice-controlled infotainment systems on the market. Models with MBUX have been on the Korean market at 170 million won ($137,000) fro...