SEJONG -- The price of imported grains reached the highest in more than eight years, fanning hikes in the price tags of processed food and fodder in the nation, state data showed Wednesday. According to the Korea Customs Service, the nation’s monthly grain imports came to 1.96 million metric tons, which is worth $758 million in February. This indicates that the price per ton came to $386, up 26...

Samsung Electronics’ latest announcement to invest 15.88 billion rupees ($207.8 million) to set up a new refrigerator parts plant in India will not affect its household appliance factory operation in Jiangsu province, China, according to the consumer electronic goods company Wednesday. Samsung’s plan in conjunction with the provincial government of Tamil Nadu for the plant comes after former chi...

South Korean stocks rebounded Wednesday on the back of a steep fall in oil prices, ending a three-day losing streak. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index closed up 37.70 points, or 1.44 percent, at 2,659.23 points. Trading volume was moderate at about 727 million shares worth some 9.2 trillion won ($7.4 billion), with gainers outnumbering lo...

Gonzales also expressed the hope to enhance Chile-Korea cooperation in advanced human resources training at the top of the future agenda. He said that the Chilean Embassy signed a memorandum of understanding with the GKEDC on educational promotion and knowledge cooperation to boost the Chile-Korea relationship, promote mutual understanding and exchange experiences of national development as well...

Toss Bank, South Korea’s internet only bank, said Wednesday it will pay daily deposit interest to its customers for the first time in the banking industry. Toss Bank account owners can simply click on the “receive now” button to be paid with daily deposit interest, instead of receiving it monthly. With the service, users can withdraw their money including the deposit interest at any time they w...

The United States on Wednesday condemned North Korea's latest missile launch while confirming the North has fired a ballistic missile. "The United States condemns the DPRK's ballistic missile launch," a spokesperson for the US Department of State told Yonhap News Agency in an email. Seoul earlier said the North fired an unidentified projectile early Wednesday (Seoul time) but that more analysis...

North Korean leader Kim Jong-un inspected a major housing construction site in the country’s capital, state media reported Wednesday, stepping up domestic activities amid the regime’s continued weapons launches threatening the security in the region. The Korean Central News Agency on Wednesday said Kim visited the construction site of 10,000 apartments in Songsin and Songhwa districts of east...

As the presidential transition team takes shape, President-elect Yoon Suk-yeol said he would pursue change in the personnel vetting process, using the United States as reference. Yoon said he plans to abolish the Office of Senior Secretary for Civil Affairs, which handles discipline for public officials, and transfer its functions that include vetting nominees for Cabinet posts to other entities...

LG Innotek announced on Wednesday a set of plans to achieve carbon neutrality by 2040. The IT components maker said it will fulfill all of its electricity needs from renewable energy sources by 2030, and reach a state of net-zero carbon dioxide emissions in 2040. Electricity accounts for more than 90 percent of LG Innotek’s greenhouse gas emissions. To meet its target, the company said it will...

Baek Jung-wan, new chief of Daewoo Engineering & Construction, said Wednesday that he would make worker safety a top priority as the builder seeks a synergistic alliance with parent company Jungheung Group, whose acquisition was greenlighted a month ago. “We’ll focus on our social responsibilities and to do that, the life of our workers comes first,” Baek said at an inauguration ceremony. The bu...

Webtoon “Money Game” and its sequel “Pie Game” are being reproduced into an eight-part drama series in Korea, starring singer and actor IU, actors Ryu Jun-yeol and Park Jeong-min.

가수 겸 프로듀서 박진영이 이끄는 JYP엔터테인먼트가 북미 현지 법인 JYP USA를 설립한 가운데, 해당 법인의 지사장으로는 걸그룹 트와이스가 글로벌 인기 아티스트로 발돋움하는 데 기여한 ‘숨은 조력자’가 낙점됐다. 16일 코리아헤럴드 취재 결과, JYP엔터테인먼트의 신현국 아티스트3본부장이 JYP USA를 이끌게 됐다. 그는 JYP엔터테인먼트가 지난해 설립한 자회사인 JYP쓰리식스티 (Three Sixty, JYP 360°)의 수장이기도 하다. 전날 JYP엔터테인먼트 관계자는 “(신 본부장이) 단독으로 지사장이 됐다”면서 “(현재 맡고 있는 JYP의) 아티스트3본부장 겸 자회사인 JYP쓰리식스티의 사장 겸 (JYP USA의) 지사장까지 세 가지 역할을 하게 됐다”고 말했다. 또 “...

North Korea on Wednesday fired an unidentified projectile, in its first launch since the conservative People Power Party’s Yoon Suk-yeol’s win in the March 9 presidential election. But, the launch appears to have failed immediately after liftoff, the Joint Chiefs of Staff said Wednesday. According to South Korea’s military, North Korea launched the projectile at 9:30 a.m. from an airfield in Su...

A key election watchdog official offered to resign after facing criticism over mismanaging the 20th presidential election held earlier this month. National Election Commission Secretary-General Kim Se-hwan said in an email to the commission’s employees that he seeks to resign from his post immediately in assuming responsibility for the problems voters experienced during the latest election, the ...

The Indonesian plant is also the automaker’s all-in-one hub where multiple processes from engine building to painting, press, vehicle body manufacturing and innovative research will be conducted, according to the carmaker. Given the strength of the plant’s location, where shipping to neighboring countries is easy, Hyundai Motor said it will produce exclusive EV models for the region to lead sale...