Main opposition presidential candidate Yoon Suk-yeol met with former US Vice President Mike Pence in Seoul on Sunday and discussed security cooperation between the two countries, including the denuclearization of North Korea. "We discussed issues related to our security and Korea-US cooperation, including the denuclearization of North Korea," Yoon of the conservative People Power Party (PPP) tol...

Chungcheong Megacity 2027 World University Games Bid Committee, a joint organization launched by local governments in the Chungcheong region for the bid to host the 2027 FISU Summer World University Games, said earlier this month that the region has been officially selected as one of the candidates for the international multisport event. The committee, which includes officials from four local go...

Korean University Sports Board President Chang Ho-sung also said South Korea had proven its capability to hold the mega sport event by holding several editions of WUG. During a separate interview held with The Korea Herald, Chang said the Chungcheong region currently had both enough sports facilities and well-trained manpower required to successfully hold the WUG. Ahead of the final vote of the...

Japan has long remained an untapped market for Korean firms, where even the likes of Samsung Electronics and Hyundai Motor have almost no presence. Currently, Samsung, the world’s largest smartphone maker, has a tiny 5 percent market share there. Not to mention the soured relationship between Seoul and Tokyo over wartime history and trade disputes in recent years. Japanese consumers have remaine...

South Korean car exports to Australia are booming with the Australian economy, thanks to Australia’s recovery course from COVID-19, and companies’ local marketing strategies. According to the Korea Automobile Manufacturers Association on Sunday, a total of 137,547 domestic cars were exported to Australia last year, showing a 19.3 percent increase from 2020. By brand, Hyundai Motor’s exports inc...

South Korea’s Hana Financial Group announced a record annual net income of 3.5 trillion won ($2.9 billion) for 2021 last week, citing successful portfolio diversification as a driving force behind the banking group’s robust profit. Exceeding market expectations, Hana’s annual net income gained 33.7 percent on-year, driven by a noteworthy increase in earnings of its nonbanking businesses, a regul...

The late Kim Soon-ak had been testifying about her experience living as a wartime sex slave of the Japanese military, and also her life living as a housekeeper after Korea‘s liberation before she died in 2010. However, there were parts of her life that she had been reluctant to speak out in public about for quite some time. After the Japanese colonial period ended, she lived in prostitutes’ qua...

Cleanliness has risen as a key factor in choosing where to eat out since the pandemic started, a survey showed Sunday. According to data from Korea Agro-Fisheries and Food Trade Corp, 92.1 percent of 1,341 respondents aged between 20 and 69 said they thought restaurants cleanliness was important when choosing where to eat, compared to just 22.7 percent in 2019. The figure was the second most-im...

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. “Today I suggest the candidates of the opposition parties to merge campaigns for a complete regime change and to call an end to the old system (in politics),” Ahn said in a livestream on his YouTu...

South Korean supply chain management solution provider Emro said Sunday its net income surged 39.1 percent for 2021 compared to the previous year thanks to a high demand for its software. The company recorded 5.2 billion won ($4.3 million) in net profit, a consolidated preliminary financial statement showed. The company’s annual revenue came to 47 billion won, up 4.8 percent from a year prior, ...

South Korea’s four major bank holding firms are expected to hand out record-high dividends for their highest net profits made last year thanks to a pandemic recovery, officials said Sunday. Total dividends from the four companies -- KB Financial Group, Hana Financial Group, Shinhan Financial Group and Woori Financial Group -- are estimated to be 3.8 trillion won ($3.1 billion), about 26 percent ...

Engineers at South Korea’s semiconductor chipmakers are increasingly being offered the chance to put off retirement to a later date. This comes as the memory chip powerhouse, home to Samsung Electronics and SK hynix, experiences a talent shortage in the industry. The move will likely be welcome news to the government, which is struggling to find ways to deal with the economic impact of the coun...

Korea’s pharmaceutical giant Celltrion’s Remsima, a biosimilar of autoimmune treatment drug Remicade, has set an all-time high record in sales revenue in the US market, taking a half of the original drug’s share, market insiders said Sunday. Remsima’s sales revenue in the US surged on-year by 13 percent to $385 million as of last year, according to industry sources. Samsung Securities said Rems...

Jeju Air Co., South Korea's biggest low-cost carrier, said Sunday it will bring in a cargo plane in the first half of this year to ride out the prolonged COVID-19 pandemic. Jeju Air signed a lease agreement to begin operating a cargo plane for the first time among local LCCs, the company said in a statement, amid efforts to offset a sharply reduced passenger travel demand amid the pandemic. "We...

Candidate registration began Sunday for the March 9 presidential election, with all four main contenders, including the ruling party's Lee Jae-myung and the main opposition's Yoon Suk-yeol, registering on the first day to become the country's next president. The National Election Commission (NEC) will receive candidacy registration for two days through Monday before the official 22-day campaign ...