Domestic carmakers that lack green car models such as Renault Samsung, SsangYong and GM Korea are expected to face heavier pressure from the government to increase supply of more sustainable cars this year. According to the Ministry of Environment on Tuesday, it will impose fines on automakers that have not been able to fulfill a certain percentage of car sales with more environmentally friendly...

Hyosung said Wednesday it will invest 1 trillion won ($834.5 million) to invest in green hydrogen in South Jeolla Province. According to the South Korean conglomerate, the investments will produce 200,000 metric tons of green hydrogen per year in the region, which will create 300,000 jobs. To accomplish the goal, Hyosung will this year break ground on a 10-megawatt facility that splits water in...

The Korea Exchange will work to bring about a transparent market that affords retail investors better protection from market abusers and helps companies find the support they need to go public and compete with global peers, the bourse operator’s chief said Monday. “We see rebuilding market trust as key to that mission. This is an unprecedented time in that we have so much attention drawn to us,”...

The Korean Theater Association on Tuesday released a statement to urge the government to give assistance to local theaters that have been suffering since COVID-19 broke out two years ago. The Korean Theater Association’s members include the top three local multiplex operators -- CGV, Lotte Cinema and Megabox. “We have been complaining about the financial difficulties caused by the pandemic and ...

Company also announces launch of Deliverect App Store, building a dedicated ecosystem for online order automation NEW YORK and LONDON , Jan. 25, 2022 /PRNewswire/ -- Deliverect , a global scale-up that simplifies online ordering for more than 20,000 locations across 40 markets, today announced it secured more than $150 million (€130 million) in Series D funding. The funding, which is le...

De Perio added, “When you look at K-pop idols, they’re giving us content constantly, they‘re giving us more music and they’re able to connect with fans in a way that is really genuine. And people look for courage and hope in those connections, I think. I think that‘s where K- pop is different than other genres. They’re making that effort to connect with fans more frequently.“ Nodding fervently t...

The National Museum of Modern and Contemporary Art, Korea will operate all four of its locations over the Lunar New Year holiday from Monday through Wednesday, offering exhibitions free of charge. The Seoul branch will be closed on Tuesday, or Lunar New Year’s day. The exhibitions on view are “Ai Weiwei: Defend the Future” at its Seoul branch; “To the World Through Art, Highlights of MMCA Global...

SK Group said Tuesday it will establish a giant research and development center dedicated to green technologies. According to the third-largest South Korean conglomerate, the R&D facility, tentatively named “SK Green Techno Campus,” will break ground in 2025 in Bucheon, adjacent to Seoul in Gyeonggi Province, and reach completion in 2027. The facility, on a 198,000-square-meter site, will house...

SEJONG -- South Korea’s chief economic policymaker on Tuesday has confirmed the government’s intention to come up with measures to win developed market status from Morgan Stanley Capital International. The government has pushed for continuous attempts to campaign for Korea’s capital market -- such as stock and foreign exchange markets -- to be included in MSCI’s Developed Markets Indexes. Deputy...

“Women’s sport-variety shows are fresh. The viewers, who were tired of watching similar stories and formats presented by male stars, are drawn to the challenges taken up by female celebrities,” culture critic Jung Duk-hyun told The Korea Herald. “I think the need for distinguishing ‘women’s sports’ will soon be forgotten by the cast’s sincere passion and enthusiasm.” By Lee Si-jin ( sj_lee@hera...

Central Seoul’s iconic Gwanghwamun Square will reopen to the public in July after undergoing a complete makeover, the Seoul Metropolitan Government said on Thursday. The symbolic square, which has been under construction since November 2020, will return doubled in size to include a park, adding more green space to the area, the city said. According to the city government, the total size of the ...

South Korea‘s daily coronavirus cases hit an all-time high of 8,571 as of midnight Monday, with the quickly spreading omicron variant now dominant, the Korea Disease Control and Prevention Agency said Tuesday. It is the first time the daily figure has topped 8,000 cases dating back to when the country reported the first COVID-19 infection in January 2020. The previous all-time high was 7,848 on...

BAODING, China , Jan. 25, 2022 /PRNewswire/ -- In January, GWM's 3/4 scale model HAVAL DARGO went on sale in Saudi Arabia and attracted worldwide attention. HAVAL DARGO Launched Globally At the first sight of HAVAL DARGO at the Jeddah International Motor Show, Saudi Arabian buyer Mr Ebrahim was attracted by its tough modelling and placed an order immediately following a test drive. "The ...

Ahn Cheol-soo, the minor opposition People’s Party presidential candidate, on Tuesday refuted rumors of behind-the-scenes negotiations with the main opposition People Power Party, saying once again that no alliance is possible unless he is the unified candidate. Speaking in a radio interview, Ahn said he is not considering merging his campaign with that of Yoon Suk-yeol of the People Power Party...

Nonfungible tokens, once monopolized by cryptocurrency exchanges and auction houses, are creeping into the retail industry, where top players are desperate to seek a new growth engine in a quickly saturating market. NFTs are digital tokens of physical or digital assets, mostly of music or art, that guarantee ownership through blockchain technology. Korean retail channels are also set to expand ...