TAIPEI , April 21, 2022 /PRNewswire/ -- Blockchain neo fintech company XREX Inc. announced today that Michael Shing onboards as its Director of Risk Management. Shing spent more than a decade with the Federal Reserve branches in San Francisco and New York , first as an analyst then a senior risk specialist. Prior to his time with the Fed, Shing held several positions in the private sec...

CANBERRA, Australia , April 21, 2022 /PRNewswire/ -- Seeing Machines Limited (LSE: SEE), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, has collaborated with Magna on a demonstrator that features a fully integrated Driver Monitoring System (DMS) combining camera, electronics, and interior mirror technology. Th...

The combined sales of luxury houses Hermes, Louis Vuitton and Chanel in South Korea marked a record high of 3 trillion won ($2.4 billion) last year, amid the frenzy over high-end goods sparked by the coronavirus pandemic. According to Chanel Korea, the company’s sales revenue surged by 31.6 percent to 1.2 trillion won last year. Net profit skyrocketed by 67 percent to 249 billion won in the citi...

Facing immense opposition from almost all sides, cracks are emerging within the Democratic Party of Korea among its legislators over the controversial prosecution reform bill. Rep. Park Hong-keun, floor leader of the Democratic Party, on Thursday requested a plenary session of the National Assembly to be held Friday to pass proposed revisions to the Criminal Procedure Act and the Prosecutors’ Of...

Protests by disabled activists, together with a train breakdown, caused massive subway disruptions during morning rush hour on Thursday. The rallies began at around 7 a.m. at the Gyeongbokgung Station on subway line No.3. and City Hall Station on line No. 2. In an unrelated development, commuters on subway line No.4 also faced a major disruption to service, when three north-bound trains passing...

The outgoing Moon Jae-in administration and President-elect Yoon Suk-yeol’s transition team are at odds over the future of South Korea’s COVID-19 policy. The Moon administration’s COVID-19 response headquarters announced last week that starting April 25, COVID-19 will cease to be the most high-consequence infectious disease under Korea’s classification. The headquarters said as the disease’s leg...

For the first time, YouTube has openly expressed concerns over the South Korean parliament’s push for global content providers to foot the bill for creating excessive network traffic. Gautam Anand, Vice President and Managing Director at Google’s YouTube Asia Pacific, wrote on Wednesday on the official YouTube Korea blog that if the revisions are enacted, it could “undermine YouTube’s opportunit...

SEJONG -- South Korea’s Deputy Prime Minister and Finance Minister Hong Nam-ki kept his seat while other fiscal chiefs or central bank governors walked out of a G-20 meeting in protest of Russia’s invasion of Ukraine, according to the ministry on Thursday. According to overseas news reports and remarks from British officials, top officials from the US, Canada and the UK left the G-20 finance mi...

South Korea’s beloved penguin character, Pengsoo, has been featured in a campaign promoted by Asian Forest Cooperation Organization to raise public awareness of sustainable forest management in Asia. AFoCO is an intergovernmental organization which launched in 2018 to combat climate change and foster sustainable management of Asia’s forests. The organization has been hosting the #REForest2022 c...

Plans to bring pre-pandemic normalcy to schools across the country in May are being met with both excitement and worry. On Wednesday, the Ministry of Education announced the “back to normal” guidelines that will see schools in Korea resume normal operations beginning May 1. Under the new guidelines, kindergartens, elementary, middle and high schools will reintroduce both academic and extracurri...

North Korean state-sponsored cryptocurrency theft has become a “fundamental part” of the country’s illicit financing activities to fund its nuclear and missile programs, a United Nations independent expert said on Wednesday, urging the international community to reinforce its sanctions framework and regulations to block cyber financial crime. Eric Penton-Voak, a coordinator at the UN Security Co...

Japanese former and current prime ministers showing respect to a shrine housing a number of war criminals is fanning controversy in Korea as President-elect Yoon Suk-yeol’s delegation to Tokyo is set to depart Sunday. On Thursday, former Japanese Prime Minister Shinzo Abe visited Yasukuni Shrine, which includes the enshrinement of Class A war criminals. This is his sixth visit since resigning fr...

South Korean tech behemoth Samsung Electronics saw its presence on the main bourse drop to the lowest in 34 months in terms of market capitalization, data showed Thursday, with analysts pointing to volatilities caused by the global supply bottleneck and foreigners’ selling spree. Samsung’s value stood at some 402.9 trillion won ($325.7 billion) as of April 14, accounting for 18.91 percent of the...

Local drug developer GI Innovation has submitted a preliminary application for listing on the country’s secondary tech-heavy bourse Kosdaq with its eyes set on going public in the second half of the year, the company said Thursday. GI Innovation’s initial public offering will be carried out under Kosdaq’s special listing track, known as the “unicorn special listing.” The Korea Exchange establis...

Though cable channel tvN and President-elect Yoon Suk-yeol might each have had their own motivations for the talk show, the latest episode of “You Quiz on the Block” arguably backfired, raising growing criticisms against both the cable channel and Yoon. Hosted by the comedian duo Yoo Jae-suk and Jo Se-ho, “You Quiz on the Block” invited four guests to this week‘s episode, including Yoon. Nearly...