The 2022 Beijing Olympics ended Sunday evening despite the ongoing coronavirus pandemic. South Korea finished with two gold medals and three silver medals in short track speedskating despite hurdles and added two silver and two bronze in other speedskating events. The country achieved its stated goal, as the Korean Sport and Olympic Committee previously predicted a medal target of two Olympic ...

A court has ruled in favor of GM Korea Co., the South Korean unit of General Motors Co., in a lawsuit filed against the government's decision to retrieve its subsidy provided for a facility the carmaker disposed of in 2019, sources said Monday. The suit was filed by GM Korea to annul the labor ministry's order for the company to return 2.23 billion won ($1.86 million) of residual value from a to...

Samsung Fire & Marine Insurance Co. said Monday its earnings soared more than 42 percent in 2021 from a year earlier on the car insurance division's switch to profit. Net income came to 1.09 trillion won ($910 million) last year, up 42.5 percent from a year earlier, the leading non-life insurer said in a regulatory filing. Operating income stood at 1.55 trillion won, up 36.9 percent from a year...

South Korea logged fewer than 100,000 daily coronavirus cases Monday, due to less testing over the weekend, while health authorities forecast the current COVID-19 wave to peak between late February and March. The country reported 95,362 new COVID-19 infections, including 95,218 local cases, raising the total caseload to 2,058,184, according to the Korea Disease Control and Prevention Agency (KDC...

NEW. NOW. FOR ALL. About SHEIN: Founded in 2012, SHEIN is a leading global online retailer with operations in Guangzhou , Singapore and Los Angeles , along with other key markets. SHEIN reaches consumers across more than 150 countries and regions around the world. We place a premium on choice, delivering more than 6,000 new fashion, beauty and lifestyle products daily with more than 600,0...

South Korean stocks opened sharply lower Monday, as investors took to the sidelines over the Ukraine risk, which stemmed from concerns about Moscow's potential invasion of Ukraine. The benchmark Korea Composite Stock Price Index (Kospi) lost 43.15 points, or 1.57 percent, to 2,701.37 points as of 9:18 a.m. Most large caps traded lower in Seoul due to foreign and institutional sell-offs, with te...

JAKARTA, Indonesia , Feb. 21, 2022 /PRNewswire/ -- Property prices grow with good schools nearby, how can we predict those prices? EdHeroes Indonesia (part of the global EdHeroes Movement ) held an online forum where Nicholas St Johnston (Senior Property Specialist at International Finance Corporation), Andrey Galiev (senior adviser at Rybakov PlaySchool), and Basuri Tjahaja Purnama (P...

Thousands of unionized parcel delivery workers were set to hold a large-scale rally in Seoul on Monday to demand CJ Logistics Corp., South Korea's largest logistics firm, agree to hold talks with striking workers seeking better working conditions. The courier union under the Korean Confederation of Trade Unions (KCTU), the more militant of the country's two major umbrella unions, said around 2,0...

South Korea will hold its annual consultation meetings with global rating agency Moody's Investors Service this week over the country's economic conditions, Seoul's finance ministry said Monday. The Moody's credit rating team, led by Gene Fang, associate managing director of the agency, will hold a series of meetings with the finance ministry, the central bank and other agencies starting Monday ...

South Korea's exports grew 13.1 percent on-year in the first 20 days of February on the back of demand for chips and petroleum products, customs data showed Monday. The country's outbound shipments stood at $34.30 billion in the Feb. 1-20 period, compared with $30.34 billion a year earlier, according to the data from the Korea Customs Service. Imports rose 12.9 percent on-year to $35.98 billion...

On Feb. 21, 1972, Richard Nixon became the first US president to visit the People’s Republic of China, setting in motion a process that would end China’s decadeslong isolation and kick-start the emergence of a modern, dynamic economy. But, despite the seismic economic changes in China in the intervening half-century, many in the West regard today’s People’s Republic as an unreformed communist cou...

There is a romantic and lovely event in February. Someone confesses one’s love or goes out on a date with a special someone or even remembers past loves. Do you know which day I am talking about? Valentine’s Day in the past was a day only for lovers, but now it is a day for exchanging chocolates regardless if between lovers, friends or family. Some say it is a day established by the chocolate bu...