Major South Korean builder Hyundai Engineering & Construction Co. said Tuesday it will issue non-fungible tokens (NFTs) to celebrate the 75th anniversary of its foundation this year. To that end, Hyundai E&C recently signed a memorandum of understanding with local digital entertainment provider Sandbox Network on mutual exchange and cooperation in the NFT-metaverse sector. Hyundai E&C, the seco...

Acting Prime Minister and Finance Minister Choo Kyung-ho presided over a Cabinet meeting Tuesday amid lingering uncertainties over the National Assembly's confirmation of Prime Minister nominee Han Duck-soo. The opposition-controlled parliament has yet to endorse Han for the job of prime minister. In South Korea, the prime minister is the only Cabinet post that requires parliamentary approval. ...

South Korea's major cinema chains remained in the red in the first quarter of this year amid the protracted COVID-19 pandemic, but the lifting of distancing rules will likely provide them fresh momentum for a possible turnaround in the coming quarters, data showed Tuesday. CJ CGV, the No. 1 multiplex operator under the wing of entertainment giant CJ Group, said its operating loss reached 54.9 bi...

South Korea's first forensic entomology lab opened Tuesday to better harness insect science in criminal investigations, police said. The Korea Forensic Entomology Lab began operations at the Korean Police Investigation Academy in Asan, about 87 kilometers south of Seoul, according to the police. Forensic entomology is the study of the application of insect science in criminal investigations, in...

US President Joe Biden may visit the Demilitarized Zone (DMZ) separating the two Koreas during his trip here later this week, as the allies are in consultations on his specific itinerary, informed sources said Tuesday. Biden is set to arrive in Seoul on Friday, the eve of his first summit with President Yoon Suk-yeol. The DMZ, the heavily fortified inter-Korean border, is among the key sites tha...

NEW YORK , May 17, 2022 /PRNewswire/ -- Today, YPO , the global leadership community of more than 30,000 chief executives in 142 countries, announced Dharsono Hartono, CEO of PT Rimba Makmur Utama (RMU), is the recipient of the organization's 2022 Global Impact Award. PT Rimba Makmur Utama manages The Katingan Mentaya Project , which works to reduce deforestation and support sustainable de...

President Yoon Suk-yeol said Tuesday he will continue to review whether to appoint Health Minister nominee Chung Ho-young, who is accused of using his position to get his children into a medical school. Chung is one of the Cabinet nominees that have not been formally appointed, along with Prime Minister nominee Han Duck-soo, Justice Minister nominee Han Dong-hoon and Gender Minister nominee Kim ...

Hollywood blockbuster "Doctor Strange in the Multiverse of Madness" surpassed 5 million admissions Tuesday, data showed. The latest Marvel Studios' flick hit the milestone at 7:20 a.m., on the 13th day of its theatrical release in South Korea, according to the official box-office data from the Korean Film Council (KOFIC). It became the fastest movie to top 5 million in the past three years, out...

South Korea's new COVID-19 cases hit a little over 35,000 on Tuesday, the lowest Tuesday tally in more than three months, reflecting the slowing virus trend amid efforts to restore pre-pandemic normalcy. The country reported 35,117 new COVID-19 infections, including 26 from overseas, bringing the total caseload to 17,830,429, the Korea Disease Control and Prevention Agency (KDCA) said. The late...

South Korea has identified the remains of a South Korean soldier killed during the 1950-53 Korean War after their excavation from a battle site a decade ago, the defense ministry said Tuesday. The ministry's excavation team found the remains of Pfc. Kim Jong-sul in Pohang, 374 kilometers south of Seoul, in 2012. They were identified as his thanks to a DNA sample that his son had registered with ...

The SSG Landers have spent the entire 2022 South Korean baseball season so far in first place. Their throne will face a serious challenge this week, with a pair of three-game sets on the horizon against clubs right below them in the standings. The Landers went 2-4 last week in the Korea Baseball Organization (KBO), the first time they failed to play at least .500 ball in a full week since the se...

Nearly 1 in 5 children in South Korea said they are unhappy, citing pressure to do well at school as the biggest reason, a survey showed. According to the poll conducted by the Health Ministry and the National Center for the Rights of the Child, 81.4 percent of those surveyed said they are either “somewhat happy” or “very happy,” while 18.6 percent said they are “not very happy” or “not at all...

Air Seoul Inc., a South Korean low-cost carrier, said Tuesday it will resume the Incheon-Boracay route next month to meet pent-up travel demand amid eased virus curbs. Air Seoul will provide four flights a week on the Boracay route from June 17, the company said in a statement. On Saturday, the carrier resumed services on the Incheon-Guam route and will expand the number of flights from four to...

South Korean shares opened higher Tuesday on institutional buying despite persistent worries over inflation and aggressive monetary tightening in major economies. The Korea Composite Stock Price Index (KOSPI) rose 16.51 points, or 0.64 percent, to 2,613.09 in the first 15 minutes of trading. Overnight, US stocks ended mixed over the latest disappointing economic data from the US and China. Addi...

Almost 4 in 10 South Korean listed companies trimmed their workforce in 2021 from a year earlier amid the prolonged coronavirus pandemic, a private think tank said Tuesday. The Korea Economic Research Institute (KERI) said a survey of 1,874 firms listed on the country's main and minor bourses showed 43.1 percent slashing the number of their employees last year from 2020. Of the 696 businesses t...