President-elect Yoon Suk-yeol will soon visit a trade organization to encourage young entrepreneurs and listen to opinions of small- and mid-sized exporters, his spokesperson said Tuesday. Yoon will hold a meeting with young entrepreneurs during his planned visit to the Korea International Trade Association, one of the nation's biggest economic organizations, spokesperson Kim Eun-hye told report...

INCHEON, South Korea , March 28 , 2022 /PRNewswire/ -- Samsung Biologics (KRX: 207940.KS), the world's leading contract development and manufacturing organization (CDMO), hosted its 11 th Annual General Meeting of Shareholders (AGM) today . Five matters were presented and approved unanimously at this year's meeting, which included the approval of financial statement, appointment of direct...

Hitachi Solutions Asia Pacifi c deployed Dynamics 365 Finance and Supply Chain Management to streamline ADA's financial processes and support its digital transformation initiatives to boost business expansion. KUALA LUMPUR, Malaysia , March 29, 2022 /PRNewswire/ -- Hitachi Solutions Asia Pacific (HSAP), a leading provider of global industry solutions powered by Microsoft Azure, is delighted ...

A London-based nonprofit organization has launched a comprehensive database of human rights violations and atrocities involving the North Korean penal system, its website showed Tuesday. "A vast system of penal facilities extends across North Korea," Korea Future said. "The construction of these facilities -- capable of detaining hundreds of thousands of people suspected or accused of crimes -- ...

South Korea's new daily COVID-19 cases rose to around 350,000 Tuesday, ending a downturn for five consecutive days, amid the fast spread of the highly transmissible "stealth omicron" subvariant. The country added 347,554 new coronavirus infections, including 41 cases from overseas, bringing the total caseload to 12,350,428, the Korea Disease Control and Prevention Agency (KDCA) said. Tuesday's ...

South Korea's patriots ministry has discovered an old document showing the country's independence fighters had made a proposal to the United States for staging psychological warfare against Japan during World War II, its officials said Tuesday. In the five-page document written in October 1942, a group of the activists called on the US and its allies to use "paper bombs" -- leaflets aimed at cem...

The Korea Development Bank (KDB), a state-run lender, said Tuesday its customers will be allowed to use ATMs and other offline branch offices of Hana Bank as part of efforts to enhance customer convenience. Under a deal for cooperation, all KDB customers will be able to use 3,576 ATMs and around 600 offline branch offices run by Hana Bank without paying fees starting Tuesday, according to the le...

South Korea said Tuesday it plans to focus its fiscal policy for next year on propping up the economic recovery and strengthen fiscal soundness amid mounting national debt. Under the 2023 budget guidelines, approved by the Cabinet, the government plans to normalize COVID-19 related emergency spending to pre-pandemic levels and make efforts to secure fiscal space to support new policy goals by th...

Tax exemptions and incentives are expected to increase by 3.6 trillion won ($2.9 billion) this year as the government seeks to underpin the economic recovery and support vulnerable people, the finance ministry said Tuesday. The value of the tax exemptions and credit is estimated at 59.5 trillion won this year, up from the 55.9 trillion won tentatively provided last year, according to the Ministr...

South Korea’s imports of coffee surged more than 24 percent to hit a new all-time high in 2021 on its growing popularity here, data showed. The value of the country’s coffee imports stood at $916.5 million last year, up 24.2 percent from the previous year, according to the data from the Korea Customs Service and industry sources. It marks the first time that South Korea’s coffee imports have...

North Korean leader Kim Jong-un called on the ruling party's propaganda officials to wage a battle in rooting out "evil spirits" of anti-socialism and bring fundamental change in their ideological work, state media reported Tuesday. In a letter sent to officials serving in the information field of the ruling Workers' Party (WPK) who were present at a workshop in Pyongyang the previous day, Kim s...

South Korean shares got off to a strong start Tuesday, tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index (KOSPI) increased 16.02 points, or 0.59 percent, to reach 2,745.59 as of 9:15 a.m. Overnight, the US stock market finished higher on hopes over peace talks between Russia and Ukraine. The Dow Jones Industrial Average advanced 0.27 percent, the S&P 500 i...

The nominee for the new central bank chief on Tuesday underlined the importance of having "insight" on any changes in international order to better respond to rising external uncertainty. Rhee Chang-yong made the remarks sent to reporters before leaving Washington, D.C. for Seoul for a confirmation hearing. He was nominated as the new chief of the Bank of Korea last week while serving as directo...

South Korea's consumer sentiment ticked up in March, as the country eased social distancing curbs to bolster spending and help pandemic-hit small merchants, central bank data showed Tuesday. The composite consumer sentiment index (CCSI) came to 103.2 in March, up 0.1 point from the previous month, according to data from the Bank of Korea. A reading above 100 means optimists outnumber pessimists...