South Korea’s Kyobo Life Insurance has taken its battle with Deloitte Anjin to overseas, asking a US nonprofit audit watchdog to investigate and punish three accountants suspected of inflating the prices of a put option that one of its strategic investors exercised years earlier. One of the top life insurers here filed a complaint with the Public Company Accounting Oversight Board, requesting th...

North Korea on Friday confirmed it had test-fired an upgraded long-range cruise missile and a tactical guided missile this week, as its leader Kim Jong-un inspected a munitions factory for the first time in years. The official Korean Central News Agency said it “conducted the test-firing for updating long-range cruise missile system and the test-fire for confirming the power of conventional warh...

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BAODING, China , Jan. 28, 2022 /PRNewswire/ -- According to GWM's official data, the global sales of HAVAL H6 reached 370,437 units in 2021, which represents a new milestone for the company sales performance. HAVAL H6 ranked 7th in the list of the world's best-selling SUVs in 2021 released by Focus2Move, an internationally renowned market research agency. It was also the only Chinese vehicle...

The cabin was made with eco-friendly materials such as Bio PU with Tencel from eucalyptus leaves used on the seats instead of leather. The model also uses recycled wallpaper on the headlining and BTX-free paint on the door panels. But what really made the all-new Kia Niro a sustainable car was its fuel efficiency. The hybrid SUV can drive up to an average of 20.8 kilometers on a liter of gas, t...

South Korea’s top financial regulator attempted to calm local investors Friday over the latest dip in the Kospi following the US Federal Reserve’s March rate hike signal. “It is true that the Kospi dip has an excessive aspect to it,” Financial Services Commission Chairman Koh Seung-beom said in a meeting on the financial market. “It would not be appropriate for investors to be overly dampened o...

A documentary film on the Beatles featuring the group’s final performance will hit local theaters next month. “The Beatles’ Get Back: The Rooftop Concert” will be screened Feb. 11-13 at IMAX theaters, according to Walt Disney Company Korea on Friday, The one-hour movie is the edited highlights of Peter Jackson’s documentary series “The Beatles: Get Back,” which was released on Disney+ last mont...

CHANGZHOU, China , Jan. 28, 2022 /PRNewswire/ -- On January 26 , Trina Solar released its CAPEX and LCOE assessment White Paper, including Fraunhofer ISE, DNV, Black&Veatch, Enertis Applus+, and UL, five global authoritative organizations for the Vertex series modules. The calculation research covers 6 countries and forms 84 sets of comparative data, which intuitively and comprehensively s...

“We are working on adding rapid PCR testing and rapid antigen testing methods at schools to prepare for the start of the new semester in March,” minister Yoo Eun-hye said at a meeting held at the Korea Institute of Educational Facility Safety on Thursday. For boarding schools, students are to be required to undergo rapid antigen testing before entering and leaving dormitories from February. “We...

SEJONG -- The nation’s growth in industrial output marked the highest in 11 years in 2021 on the back of both economic recovery and the base effect, or rapid bounce-back from sagging performance in the pandemic-hit 2020, Statistics Korea data showed Friday But indexes unveiled by the state-run agency suggest possible slowdown in the growth of production, retail sales and facilities investment fo...

Samsung Biologics has reached an agreement with Biogen to buy out the US biotechnology firm’s stake in Samsung Bioepis for $2.3 billion (2.7 trillion won), the company said Friday. Biogen secured a 15 percent stake when Samsung Bioepis was established as a joint venture in 2012. The US company exercised its right in June 2018 to buy up to one share less of Samsung Bioepis’ 50 percent stock. The...

South Korean banks' mortgage rates hit the highest level in about 7 1/2 years in December amid rising borrowing costs, central bank data showed Friday. Banks' mortgage loan rate averaged 3.63 percent a year in December, 0.12 percentage point higher from a month earlier and the highest since May 2014, according to the data by the Bank of Korea (BOK). Mortgage rates have been on the rise as the B...

DUBAI , UAE, Jan. 28, 2022 /PRNewswire/ -- Leading China -based biotech company Vazyme (688105.SH) participated in the 2022 edition of Medlab Middle East in the Dubai World Trade Centre (DWTC) from January 24 th to 27 th , a leading laboratory and flagship exhibition and conference that brings together global medical communities to display the best laboratory innovation and technology. ...

A local environmental group is calling for justice after three roadside trees were allegedly killed by poisoning in Seoul last July near a new drive-through outlet of Starbucks. The Korea Federation for Environmental Movements’ Seoul Branch on Thursday held a press conference at the site, decrying the state prosecution’s decision not to press charges against the person who admitted to having mis...

LG Uplus Corp., South Korea's third-largest mobile carrier, said Friday it shifted to black in the fourth quarter from a year earlier on the back of growth in 5G network subscriptions. Net income for the October-December period stood at 101.8 billion won ($84.5 million), marking a turnaround from a loss of 224.7 billion won the previous year, the company said in a regulatory filing. The company...