Orion and Lotte Confectionery -- the makers of Choco Pie, a popular snack in Russia -- are closely monitoring the economic sanctions imposed by the international community against Moscow for its invasion of Ukraine, as they could cause instability in the supply of raw materials, a drop in the ruble’s value and a local economic recession. Orion, known for its popular signature snack Choco Pie, ha...

SEJONG -- Concerns are growing over the possibility that the nation’s import prices will further shoot up in the wake of the continuously weakening Korean currency against the US dollar amid the Ukraine-Russia war. The unfavorable scenario has come to the fore amid the recent situation that import prices of raw materials, including crude, had already sharply climbed over the past several months....

Some voters were also concerned about the management of ballots at the polling stations, as they had witnessed the chaos in early voting Saturday caused by the election watchdog’s lack of preparation on accommodating COVID-19 patients. “I am worried because the National Election Commission lacked proper management for early voting,” a voter in his 50s surnamed Seong said. “But I cast the ballot,...

The coverage on this blog has ended. For more updates, results and news on South Korea’s presidential election, visit www.koreaherald.co.kr. -- Ed. Yoon Suk-yeol elected president of S. Korea As Koreans head to the polls to elect their next president, here’s a quick look at the vote by key numbers. ► 14 : Number of names printed on the ballot paper Although the race has come down to dead he...

Samsung Electronics’ former mobile business chief Koh Dong-jin was the highest-paid executive at the Korean tech giant last year, according to the firm’s regulatory filing Tuesday. Koh, who has stepped away from daily operations to assume an advisory role, took home an annual pay of 11.8 billion won ($9.5 million) last year, including bonuses worth 4.04 billion won and a retirement pay of 6.43 b...

The drama series takes place at a small company called JS Network and shows the harsh reality of Korean office workers in great detail. Watcha CEO Park Tae-hoon, co-directors Seo Joo-wan and Park Jae-han and some of the actors from the show will participate in the festival in France in person. According to Watcha, CEO Park will also take part in the content market event MIPTV, which takes place...

While white chocolate and candies have been popular gifts for White Day, which originated in Japan in the1960s, the trend these days is to give more practical and meaningful gifts. According to a survey conducted by Duo, Korea’s biggest matchmaking company, both unmarried men and women said a basket of candies is their least preferred gift they would want to receive on White Day. The company co...

FLEX 5000 safety I/O provides device monitoring and functional safety protection for process applications SINGAPORE , March 9, 2022 /PRNewswire/ -- Rockwell Automation, Inc. (NYSE: ROK) , the world's largest company dedicated to industrial automation and digital transformation, released the new Allen-Bradley FLEX 5000 analog safety I/O modules to help process operators meet fail-safe requ...

South Korean conglomerate Doosan Group has become the largest shareholder of a local chip-testing firm, Tesna, in a move to secure a footing in the surging semiconductor market. According to Doosan Wednesday, the group recently purchased a 38.7 percent stake in Tesna for 460 billion won ($373.1 million). Founded in 2002, Tesna has specialized in testing various chips, including processors for s...

North Korea has paved the way for resuming intercontinental ballistic missile and nuclear tests this year, as part of the country’s actions to “reshape the regional security environment” in its favor, the US intelligence community has said. The US Office of the Director of National Intelligence on Monday released its report on annual worldwide threat assessment before the House Intelligence Comm...

2022 TaiSPO DigitalGo has already attracted nearly 400 buyers from 40 countries to make meeting appointments TAIPEI , March 9, 2022 /PRNewswire/ -- Taipei International Sporting Goods Show (TaiSPO), organized by Taiwan External Trade Development Council (TAITRA), will be held in Hall 1 of Nangang Exhibition Center from March 10 to 12 . It will be TaiSPO's first physical exhibition since the...

The omicron surge couldn’t stop Gong Hyun-bin, a 41-year-old man working at an insurance company in central Seoul, from coming out. “I didn’t feel like standing in lines at polling stations crowded with people, but I came here to vote for the nation’s new leader, who can bring about political and economic reform. The COVID-19 crisis showed how important it is to have a competent state leader,” h...

South Korea went to the polls on Wednesday to elect its new president, whose term will begin at the most challenging time for Korea in recent history. On the domestic front, the new administration will need to wrestle with runaway housing prices, the coronavirus pandemic, gender and economic inequality among many other pressing issues. As pressing as these issues may be, the diplomatic situatio...

Today’s election is a showdown between Lee Jae-myung and Yoon Suk-yeol, who each represent the country’s liberal and conservative political forces. Here’s what the two candidates said on Facebook early Wednesday, as polls opened nationwide to elect the next president of South Korea. Lee Jae-myung of Democratic Party of Korea said: “There’s only one day left. The election result is going to be...