A social security agreement between South Korea and New Zealand will go into effect next month, allowing their nationals to use their employment and residences in both countries to qualify for pension benefits, Seoul's foreign ministry said Monday. The two sides signed the accord in October 2019 for those who are not eligible for the pension plan in each nation due to their shorter-than-required...

Japan’s decision to recommend a disused gold and silver mine as a UNESCO World Heritage site has drawn backlash in South Korea, with observers accusing Tokyo of trying to distort history by nominating the mine, which was the site of forced labor in the early 20th century. Located on Sado Island in Niigata prefecture, the mine highlights outstanding mining technology development before and aft...

The Education Ministry on Monday recommended schools be more flexible with attendance policies in early March during a two-week transition period, dialing up an advisory for holding online classes if needed. The announcement gives schools more flexibility from the ministry’s earlier guidelines for schools to go hybrid with online and offline classes, allowing schools to tweak attendance policie...

In January, Spanish luxury brand Loewe made headlines after unveiling its collaboration featuring “Spirited Away,” the Oscar-winning anime film from Japan’s Studio Ghibli. In a similar move, Italian luxury fashion house Gucci also collaborated with Disney for its Mickey Mouse collection in 2020.

South Korean medalists have shown excitement at not only winning medals, but also free chicken for the rest of their lives. The so-called “chicken pension” is backed by Yoon Hong-geun, CEO of Korea’s fried chicken franchise Genesis BBQ, and also the chief of South Korea’s athletic mission at the Beijing Olympic Games. Yoon promised to give free chicken for the country’s short track speedskating...

The way the automotive chips are built is another reason for the continued domino effect from auto chip shortages. Global carmakers’ chips are produced in a so-called “Just In Time” method. Firms like Toyota have taken to purchasing a fixed amount of a certain type of chip from time to time to increase efficiency of manufacturing operation and to streamline the auto parts they need. This invento...

Two former top executives of Samsung Group have been included among candidates for the upcoming independence movement day parole, sources said Monday. Choi Gee-sung, former head of Samsung's now-disbanded control tower Future Strategy Office, and Chang Choong-ki, former deputy chief of the office, are among those who may be granted parole by the Ministry of Justice in celebration of the March 1 ...

Posco Group said Monday that it will launch a new holding firm in March with an aim to improve the sustainability of its core steelmaking business amid the global transition to a low-carbon economy. Following shareholders’ approval of the holding company structure plans, the group will be split off into two entities -- Posco Holdings, the new holding company, and Posco, the steelmaking unit whol...

The year 2021 was monumental for South Korea’s pharmaceutical and biopharmaceutical industries, as they set a number of records. The country rolled out four new drugs, the most in a year since the first domestically-developed new drug came to light in 1999. Companies also licensed out technologies worth 13 trillion won ($10.9 billion) and exported drugs worth over 10 trillion won. Big firms such...

The Seoul city government will provide North Korean defectors with free health checkups, online tutoring services for students and other support measures to help them better settle in their new homeland, officials said Monday. It is the first time in nine years that Seoul has put together support measures for defectors. Seoul is home to 6,759 defectors, about 21.4 percent of the total, and about...

Five Korean athletes, who won the silver medal in men’s 5,000-meter short track speed skating relay at the 2022 Beijing Winter Olympics, will appear on tvN’s talk show “You Quiz on the Block,” a CJ ENM official told The Korea Herald on Monday. Speed skaters Kwak Yoon-gy, Hwang Dae-heon, Lee June-seo, Park Jang-hyuk and Kim Dong-wook are slated to record their episode Wednesday, while the program...

The military on Monday reported 477 additional COVID-19 cases, raising the total caseload among its domestic personnel to 12,674. The new cases included 344 from the Army, 41 from the Air Force, 34 from the Marine Corps, 28 from units under the direct control of the defense ministry and 20 from the Navy. There were also nine infections from the ministry and one from the Joint Chiefs of Staff. ...

BOSTON , Feb. 21, 2022 /PRNewswire/ -- Fusion Worldwide has acquired Prosemi Mfg Pte Ltd , a large-scale electronic component test house in Singapore . With the supply chain experiencing historic constraints leading to lengthy turnaround times, this addition will further Fusion Worldwide's mission to provide world class sourcing and fulfillment, while enhancing its ability to sustain the...

SK Group said Monday Chairman Chey Tae-won will assume the chairman title of its telecom unit SK Telecom to boost the group’s burgeoning artificial intelligence business. SK said the chairman will play a supporting role as he serves as an unregistered director on the board rather than participating in the daily operations directly. Chey has served as the chairman of SK Inc., the holding unit, a...

As a scuba diver, he sees trash that have made their way into the ocean. Once it sinks into the ocean ecosystem, it stays there and accumulates. “But from the outside, you can’t see this sign of (the ocean) being directly harmed,” the CEO said. To help protect the ocean, Kim said not throwing away trash carelessly is of utmost importance. “To do that, we need to ensure the products we use don’...