With the nation’s new industrial safety law taking effect Thursday, companies across industries are bolstering their safety management systems to avoid being the first punished under the enhanced rules. Under the Serious Accident Punishment Act, business owners or executives at companies with more than 50 employees could face a criminal penalty of a minimum one-year prison term or fines of up to...

TAIPEI , Jan. 27, 2022 /PRNewswire/ -- Innodisk, a leading global provider of industrial flash and memory solutions, reflects on its AIoT wins of last year and outlook for 2022. Even now, in 2022, AIoT is still a buzz that's impossible for business leaders to ignore however many are still not exactly sure how the pieces of the AIoT puzzle fit together or where to start. But the business propos...

Hyundai Transys to unveil a future mobility seat concept with sustainable leather and innovative materials at Lineapelle 2022 The seat concept bolsters the company's design and development capabilities and commitment to minimizing waste and upcycling Italian ambassador to Korea joined a preview event before the exhibition and talked about a sustainable future SEOUL, South Korea and MILAN , ...

SEJONG -- South Korea’s stock index plunged and the currency lost its ground versus the US dollar on Thursday, following US policymakers’ stance overnight signaling an interest rate hike in March. The weaker position in the financial indices comes after senior officials from the Finance Ministry and the Bank of Korea forecasted earlier in the day that the hawkish position of the US Federal Reser...

The main opposition People Power Party on Thursday proposed a debate between its candidate Yoon Suk-yeol and Democratic Party of Korea candidate Lee Jae-myung, continuing the ongoing controversy over whether or not a presidential debate would take place ahead of the March election. The proposal, which attempts to bypass a court decision prohibiting the two leading candidates from holding a telev...

The Supreme Court on Thursday confirmed a four-year prison sentence for Chung Kyung-sim, the wife of former Justice Minister Cho Kuk, on a number of charges linked to falsifying documents to help her daughter gain admission to medical school and for other actions concerning a private equity fund. The top court found Chung, a former Dongyang University professor, guilty of all charges related to ...

South Korea’s top banking groups KB, Hana and Shinhan are included in this year’s Bloomberg Gender-Equality Index, which recognizes businesses committed to transparency in gender reporting and promoting women’s rights, the firms said Thursday. This marks KB and Shinhan’s fourth consecutive year, and Hana’s first time to be recognized by the GEI. The GEI was expanded in 2022 to represent 45 coun...

Presidential candidate Yoon Suk-yeol vowed Thursday to build a new presidential office at the Seoul Government Complex in Gwanghwamun and return the existing Cheong Wa Dae site to the public if he is elected. “If I become president, the existing Cheong Wa Dae will disappear,” People Power Party candidate Yoon said at a press conference. “A new concept of the presidential office will be created w...

The Supreme Court on Thursday confirmed a two-year prison sentence for a former environment minister of the Moon Jae-in administration, charged with abusing her ministerial power to force ranking officials from the previous administration to resign from public posts. Kim Eun-kyung was indicted on charges of forcing 13 executives at environment ministry-affiliated public institutions who were app...

South Koreans' consumption of rice hit an all-time low in 2021, but the decreasing rate slowed on the back of a growing demand for home meals amid the COVID-19 pandemic, data showed Thursday. The average South Korean consumed 56.9 kilograms of rice last year, down 1.4 percent or 0.8 kilograms from the previous year, according to the data compiled by Statistics Korea. Rice is a key staple food f...

The presidential National Security Council (NSC) held an emergency meeting Thursday and expressed strong regret over North Korea's latest projectile launch, the presidential office said. North Korea fired two apparent short-range ballistic missiles toward the East Sea earlier in the day, in the North's sixth show of force this month. The standing members of the NSC said it is "very regrettable ...

SINGAPORE , Jan. 27, 2022 /PRNewswire/ -- Straive (erstwhile SPi Global), a market leader in technology-driven EdTech, content, and data solutions, has been named a contender by a leading global technology research and advisory firm Information Services Group (ISG) in its Provider Lens™ Intelligent Automation — Solutions & Services US Report 2021. Straive has been recognized in the report fo...

North Korea will lead the United Nations' Conference on Disarmament in a rotational one-month presidency later this year, the world body has said. North Korea is among six countries -- along with China, Colombia, Cuba, the Democratic Republic of the Congo and Ecuador -- that will assume this year's chairmanship for four weeks each in alphabetical order. This first session began Monday under Chi...

Retail sales in South Korea rose 11.3 percent on-year in 2021 on the back of strong appetite for consumption and growing online transactions amid the prolonged COVID-19 pandemic, the industry ministry said Thursday. The combined sales of local offline retailers climbed 7.5 percent on-year from the previous year, and those of online stores grew 15.7 percent, according to the data compiled by the ...

The mega free trade pact of the Regional Comprehensive Economic Partnership (RCEP) will take effect for South Korea next month, the industry ministry said Thursday. In November 2020, South Korea inked the trade deal with 14 other countries -- 10 member nations of the Association of Southeast Asian Nations (ASEAN), China, Japan, Australia and New Zealand -- and the National Assembly ratified the ...