South Korea’s Hana Financial Group marked the transfer of its headquarters from Seoul to Incheon with a groundbreaking ceremony, the firm said Wednesday. The groundbreaking ceremony for the planned 22-level building with seven underground floors was held Tuesday at Cheongna International City, which is part of the Incheon Free Economic Zone. Hana Financial and five of its affiliates –- flagship...

The Ministry of Education on Wednesday watered down its guidelines for school students’ COVID-19 testing, saying that students are recommended to take two rapid antigen tests a week. While saying that schools will be provided with testing kits, the ministry said that the tests were not mandatory and that schools will be given autonomy in implementing measures against spread of the virus. The me...

Philip Morris Korea has implemented a new parental leave policy to support all forms of families raising children including adoptive parents and legal guardians, the company said Wednesday. Under the company’s parental policy, which became effective last month, employees can take up to 126 days of paid parental leave if they are primary caregivers. The company allows up to 56 days of paid parent...

The presidential election has once again come down to the candidates from the two major parties – the Democratic Party of Korea and the People Power Party. Both the Democratic Party of Korea’s Lee Jae-myung and the People Power Party’s Yoon Suk-yeol claim to be the only choice for a better future, and have made numerous pledges they claim are aimed at improving citizens’ lives. Many of their ple...

Access to the city’s ample amenities along the river is another factor behind riverside apartments’ enduring popularity, another expert added. “Residents of apartment complexes adjacent to the Han River can easily access various natural, cultural and leisure facilities, including forests and parks, on foot. Also, the transportation environment is excellent, especially with roads like the Olympic...

Posco Group’s business principle “Corporate Citizenship” has been introduced as a case study example for a course in Stanford University’s MBA program, according to the Korean steelmaker on Wednesday. Four years ago, Posco Group declared its management philosophy “Corporate Citizenship: Building a Better Future Together” as a guiding business principle, vowing to strengthen its commitments to en...

진행자: 조혜림, Paul Kerry 1. Ahn suggests unifying candidacy, ‘public primary’ 기사 요약: 대선 국면에서 야권 단일화 요구한 안철수 국민의당 대선후보. [1] Presidential candidate Ahn Cheol-soo of the People’s Party on Sunday suggested unifying candidacies with the main opposition party’s Yoon Suk-yeol, and letting the public decide which of them will run. *candidacy: 입후보, 출마 *run: 경쟁하다, 참여하다, 뛰다 [2] Ahn explained that, even if...

Corporate donations made for Korean athletes competing at the Beijing Winter Olympics have exceeded 40 billion won ($33.4 million) over the past four years, according to industry data collected by the Federation of Korean Industries Wednesday. A total of 91 companies have donated cash and goods worth 41.75 billion won between 2018 and 2021 to support Korean national athletes preparing for this y...

Ul:kin showcased the brand’s unique concept, joined by top-tier female dancers -- Lachica’s Gabee, Coca N Butter’s Ri.hey and Want’s Hyojin Choi -- who made their appearances on Mnet’s “Street Woman Fighter.” Models Choi So-ra, Bae Yoon-young, Park Hee-jung, Jung So-hyun and Kim do-hyun appeared in Eenk’s presentation that emanated grace and classic beauty. In an effort to help promote collecti...

“We held an illustration-challenge event for the cover page of the guidebook through our app. Women travelers from 15 different countries participated, and the work of Sheryline, one of our French members, was finally selected.” Bae told The Korea Herald. Safety issues inevitably become a priority when traveling alone, according to Bae. Naming Busan as a city brighter at night with warm hospitali...

The ruling Democratic Party of Korea's attempt to again embroil People Power Party’s presidential candidate Yoon Suk-yeol with shamanism allegations backfired, after photos hinted key figures within their own faction could be involved as well. Rep. Kim Eui-kyeom of the Democratic Party raised an allegation in a press conference Tuesday that Yoon and his wife were found linked to a dubious religi...

To mark the new committee’s launch, a debate session was also held to discuss ways to develop the blockchain industry. Kim Hyung-joong, president of the Korea Fintech Association and special professor at Korea University’s Graduate School of Information Security, gave a presentation on strategies for Korea to lead the global digital asset industry as the country aims to reach a national per capi...

Celltrion Inc., a major South Korean biopharmaceutical firm, said Wednesday that its net profit jumped 20.1 percent on-year last year on the back of robust sales of its biosimilar products in overseas markets. Net profit came to 623.7 billion won ($521.1 million) last year on a consolidated basis, compared with a profit of 519.2 billion won a year earlier, the company said in a regulatory filing...

Samsung Fire & Marine Insurance Co., South Korea's top non-life insurer, said Wednesday it will cut its auto insurance premiums by an average 1.2 percent in April on falling loss rates. It will mark Samsung Fire & Marine Insurance's first premium reduction since 2020, when its car insurance premium increased more than 3 percent amid soaring deficits. Samsung Fire & Marine Insurance, the non-lif...

South Korea said Wednesday it will actively push for free trade agreements with African nations in a move to deepen economic ties with the resource-rich emerging market and to diversify its trade portfolio. Last month, South Korea and Egypt agreed to carry out a joint feasibility study on the bilateral trade and economic partnership, which is a first step for South Korea to have a free trade pac...