Korea’s tech titan Kakao said Monday that its founder Kim Beom-su will leave his chairman post at the board to explore new business opportunities overseas and break the boundary of mobile-focused platform businesses. Kim’s resignation as the chairman of the board will be approved at the upcoming shareholders meeting on March 29. Kim will resume his post as the head of the company’s Future Initia...

South Korea’s construction giant Booyoung Group said Monday it will donate 500 million won ($403,000) to victims of the recent wildfires that ravaged the east coast, as well as 300 flats to shelter those who lost homes to the fire. The donation fund will be delivered through the Korea Disaster Relief Association, a non-profit organization that serves victims of domestic natural disasters. As fo...

Many are now watching to see whether former President Lee Myung-bak will be granted a special pardon before the end of the Moon Jae-in administration, as President-elect Yoon Suk-yeol is expected to demand Lee’s pardon. Moon and Yoon are expected to meet at Cheong Wa Dae early next week, and the issue of special amnesty for politicians, including Lee, is likely to be discussed at the meeting. Y...

Naver will become an incubator that creates innovative technology penetrating the global market and seek to go beyond providing services that are popular today, the company’s new CEO said Monday. “Not only all businesses owned by Naver began with the thought of going global from the start, but all of the objectives also point to going global,” Naver CEO Choi Soo-yeon said at a meeting with share...

Netflix’s global megahit drama “Squid Game” won two trophies at the 27th Critics Choice Awards held in Los Angeles on Monday. The show’s lead Lee Jung-jae won best actor in a drama series for his role as Gi-hun, a down-on-his-luck middle-aged man who takes part in the deadly “Squid Game.” “Thank you, god. Thank you very much Critics Choice Awards and everyone who loved and supported ‘Squid Game...

Seoul-based LG Electronics announced Monday that it is working with Korean American robot engineer Dennis Hong to develop a robotics solution for the logistics sector. The collaboration between LG Electronics’ Advanced Robotics Lab and Hong, a professor of mechanical and aerospace engineering at the University of California, Los Angeles, is aimed at promoting “advances in robotics technology to ...

Following its defeat in the 20th presidential election, the liberal Democratic Party of Korea is experiencing an extreme leadership divide as it struggles to reform ahead of another election in June. Since its narrow defeat in the presidential election, the Democratic Party has gone into emergency mode, starting with a leadership overhaul. Rep. Song Young-gil stepped down as chairman of the par...

South Korean President-elect Yoon Suk-yeol’s key election pledge of removing the Ministry of Gender Equality and Family is “premature,” and would give the “completely wrong policy signal,” according to a senior economist at the Organization for Economic Cooperation and Development. In an email response to The Korea Herald’s inquiries about the main conservative People Power Party president-elect...

South Korea’s NongHyup Bank has received preliminary approval from India’s financial authorities to establish a branch in the South Asian nation’s planned industrial city of Noida. If the branch is established, it will mark NongHyup’s second business entity in India, after its New Delhi office opened in 2016. The move to open a branch in Noida is part of NongHyup’s plan to have more than 14 busi...

The Japanese film adaptation of the Korean drama also features K-pop sensation BTS’ “Film Out” as its official soundtrack song. Another highly anticipated remake film is “The Last Train To New York,” which is expected to be released in April next year. The remake zombie thriller will be directed by Timo Tjahjanto, who is known for directing thrillers like “The Night Comes for Us” and “May the De...

JAKARTA, Indonesia , March 14, 2022 /PRNewswire/ -- On track to host the G20 summit in Bali on November 15-16 , The Indonesia's Ministry of Health is set to implement a strict health protocol system as a precaution against COVID-19. The system will serve as a guideline for every activity during the summit. The Indonesian G20 presidency's overarching theme is "Recover Together, Recover S...

The upcoming 2022 fall-winter Seoul Fashion Week, Korea’s largest fashion event, will be introduced through YouTube’s official fashion and beauty channel for the first time, according to the show’s organizer, the Seoul Metropolitan Government on Monday. The channel has shed light on four fashion weeks -- Paris, Milan, New York and London -- uploading related content for viewers around the world....

Three members of K-pop girl group Red Velvet -- Irene, Joy and Yeri -- have tested positive for COVID-19, leading to the cancellation of all two concerts scheduled for the weekend, the group's agency said Monday. The members recently tested positive through self-test kits and then underwent polymerase chain reaction (PCR) tests, which returned positive results, SM Entertainment said. Having com...

The Supreme Court on Monday confirmed a seven-year prison term for a 71-year-old church pastor convicted of sexually harassing two teenage sisters at a children's welfare center repeatedly in 2008. The pastor has denied the charges that he sexually molested the sisters, 17 and 14 at the time, frequently in his office in Chuncheon, 85 kilometers northeast of Seoul, in the summer of 2008, but two ...

President-elect Yoon Suk-yeol on Monday named two veteran politicians as chiefs of special transition committee panels on national unity and balanced regional development. Kim Han-gil, former head of the Democratic Party, will lead the national unity committee, while Kim Byong-joon, former interim head of the Liberty Korea Party, a predecessor of the People Power Party (PPP), will head the commi...