Dutch pension fund APG said Thursday it has urged Samsung Electronics Co. and nine other South Korean companies that it has invested in to intensify efforts to reduce carbon emissions. APG, the largest pension fund in the Netherlands, said it has sent a letter to major companies, including Samsung Electronics, SK hynix Inc. and LG Chem Ltd., urging them to conduct "ambitious climate and carbon r...

Kaesong-style buchimgae are not as well known as other North Korean dishes such as mandu and naengmyeon, which vary according to region. Moisae Buchimgae’s jeon are made upon receiving an order, and take some 15 minutes to be served. The jeon did not have a particularly sharp flavor or strong aroma, but the texture was less crispy and much softer compared to those at neighboring jeon stores. “M...

South Korean stocks advanced for a second straight session Thursday, as the US Federal Reserve's January minutes largely remained within the market expectations. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) increased 14.41 points, or 0.53 percent, to close at 2,744.09 points. Trading volume was moderate at about 602 million shares worth some...

Samsung Electronics America said Wednesday it has hired former US Ambassador to South Korea Mark Lippert as its public relations chief, in an apparent move to better respond to uncertainties surrounding policy changes in the US, especially on chips. The former envoy will lead the company’s Washington office as executive vice president and head of North American public affairs from March 1. Sams...

Coway posted 945.9 billion won ($789 million) of sales in the fourth quarter of 2021 with an operating income of 139.2 billion won, the company said Thursday. The firm also logged 3.66 trillion won in 2021 sales, logging a 13.2 percent growth year-on-year. Operating income was 640.2 billion won and net income 465.5 billion won, each up 5.6 percent and 15 percent. The company‘s global outposts ...

Despite its importance, Korea-Japan relations do not usually stand out as a major issue during the Korean presidential election, with low voter interest and candidates‘ reluctance to speak on sensitive topics. Two frontrunner presidential candidates, the Democratic Party of Korea’s Lee Jae-myung and the People Power Party’s Yoon Suk-yeol, have not made concrete promises on mending Korea’s strain...

The auction for an additional 5G spectrum band, which was slated to take place sometime this month, will be delayed over the remaining differences between the country’s three largest telecommunication companies, officials said Thursday. Earlier in the day, the Science and ICT minister and CEOs of SK Telecom, KT and LG Uplus met at the Seoul Central Post Office to discuss the ongoing dispute of t...

President Moon Jae-in invited a number of foreign investor companies to Cheong Wa Dae on Thursday to express his gratitude for making hefty investments in the Korean market and encouraged them to invest further. Last year, South Korea attracted $29.5 billion in investments, the largest ever. A foreign investor company -- usually a multinational company headquartered overseas -- is defined as one...

One example is “Frites Artois,” a pop-up restaurant launched in Itaewon last October. Visitors could savor the Stella Artois beer with Belgian French fries, an extra touch that embellishes an otherwise typical night out drinking beer. The company also launched a project that pairs Hanmac, rice-based lager developed to cater to the Korean palate, with Korean dishes to provide an elevated gastronom...

The organizing committee of international art fair Kiaf Seoul has appointed Koo Ja-yeol, also known as Christopher Koo, as its new chairman. He succeeds Bahk Byong-won, who has led the committee since 2013. Koo, who is also chairman of the Korea International Trade Association, will oversee the direction of the committee and take charge of public activities, including building relationships with...

North Korean state-sponsored cryptocurrency theft and money laundering have continued on a “massive scale” to generate illicit funds, while the total amount of stolen cryptocurrency jumped 40 percent just last year. North Korea-affiliated hackers launched “at least seven attacks on cryptocurrency platforms that extracted nearly $400 million worth of digital assets last year,” Blockchain data pla...

Under the South Korean government’s plan to commercialize flying cars, or Urban Air Mobility, in central cities by 2025, the Transport Ministry on Thursday kicked off the K-UAM Grand Challenge program to coordinate all of South Korea’s UAM-related activities as part of its focus to enable emerging aviation markets. This Ministry-led program will bring together industry players including aircraft...

Filmmaker Hong Sang-soo’s 27th feature “The Novelist’s Film” on Thursday won the Silver Bear Grand Jury Prize at Berlin International Film Festival. The 72nd Berlin International Film Festival is being held from Feb. 10 to 20 as an in-person event. “I really didn’t expect this big prize. I’m very surprised. Thank you all the jury members for your appreciation,” Hong said in an acceptance speech...

The side-by-side refrigerator was part of the Bespoke Infinite lineup, unveiled Thursday during a virtual press conference. The Bespoke Infinite lineup also boasts a large-capacity four-door French door refrigerator, a smart kitchen hood, a dual-cook oven, a 7.4-kilowatt four-element induction cooktop and a 12-person capacity dishwasher, all of which are built-in appliances. These are also part...

Finance Minister Hong Nam-ki was supremely confident in November last year when he said the government would consult index provider Morgan Stanley Capital International on having the country reclassified as a developed market from its current emerging market status. The government’s drive to receive MSCI’s highest recognition is not new, as it has been pursuing it for the last 14 years. Seoul fi...