A South Korean movie and a TV series have been officially released in Chinese theaters and via a local streaming platform for the first time in about six years, raising cautious hopes that the yearslong cultural freeze between the neighboring countries is thawing. The comedy film "Oh! My Gran" (2020), starring veteran actress Na Moon-hee, hit Chinese theaters in December, becoming the first Kore...

Insurance firms in South Korea saw their risk-based capital ratio fall in the third quarter of last year amid rising market interest rates, data showed Tuesday. The risk-based capital (RBC) ratio of local insurance firms stood at 254.5 percent as of end-September, down 6.4 percentage points from three months earlier, according to the data from the Financial Supervisory Service (FSS). The fall c...

Apple will allow alternative payment systems in South Korea in compliance with a new local law that bans app store operators from forcing their own in-app payment systems, the country's telecommunications regulator said Tuesday. The move came as a new law went into effect in the country in September last year, restricting app store operators, such as Google and Apple, from forcing their in-app p...

Broadway-born musical “Hadestown,” which made its first landing in Korea in September last year, was honored with the grand prize at the sixth Korea Musical Awards, hosted by the Korea Musical Theatre Association, on Monday. Korea Musical Awards are given annually to selected musicals among those that premiered over the previous year. For this year, the performance of “Hadestown” beat prominent ...

XUZHOU, China , Jan. 11, 2022 /PRNewswire/ -- XCMG Papua New Guinea (XCMG-PNG), the first Silk Road E-Commerce Station by XCMG (SZ:000425), is officially online to provide one-stop service experience for construction machinery customers and users in the South Pacific and surrounding regions with Papua New Guinea as the center, guaranteeing smoother, more professional customized and localize...

As the Regional Comprehensive Economic Partnership takes effect in February, the Korea Customs Service has come up with a set of measures to help exporters and importers make use of the world’s largest trade agreement among 15 Asia-Pacific nations. Only exporters who have been certified by the KCS for having the ability to manage and prove their products’ country of origin can get certificates o...

At the Korea Customs Service, all administrative work is done through a massive computerized system. An average of 118,000 export and import reports are handled every day, and the accumulation of vast data allows KCS to make good use of big data analysis and artificial intelligence. “We plan to open a KCS big data portal for the public late this year, which will offer customized services for bu...

Hyundai Engineering Co., a plant engineering affiliate of Hyundai Motor Group, said Tuesday it has secured a deal to construct micro modular nuclear reactors (MMR) for a US developer of the next-generation nuclear energy. Hyundai Engineering said it has agreed to invest $30 million in Ultra Safe Nuclear Corporation for an undisclosed stake. The deal gives the South Korean company the exclusive ...

The Supreme Court has dismissed a second appeal filed by Japan's Mitsubishi Heavy Industries against an order to sell patent rights the company has in South Korea to compensate a victim of wartime forced labor, according to legal sources Tuesday. The top court dismissed Mitsubishi Heavy's appeal against the forced sale of two patents to compensate Park Hae-ok, a female victim of forced labor dur...

The presidential National Security Council expressed "strong regret" Tuesday after North Korea launched a second missile in less than a week and urged the communist nation to return to dialogue. The council held an emergency meeting shortly after South Korea's military announced the North fired a suspected ballistic missile into the East Sea. "The standing members of the NSC analyzed North Kore...

This specialization demonstrates our expertise in assessment, design, implementation, and optimization of virtual desktop infrastructure in Azure ATLANTA , BENGALURU, India and LONDON, Jan. 11, 2022 /PRNewswire/ -- Microland , a global digital transformation leader, today announced it has earned the Microsoft Azure Virtual Desktop (formerly Windows Virtual Desktop) advanced specialization...

Bond issuance in South Korea fell 1.8 percent in 2021 from a year earlier due to decreased debt sales by the government, data showed Tuesday. The value of bonds sold in Asia's fourth-largest economy came to 829 trillion won ($693 billion) last year, down 15.3 trillion won from 2020, according to the data from the Korea Financial Investment Association. State-bond issuance shrank 4 percent on-ye...

At the tender of 19, Gwangju FC midfielder Eom Ji-sung earned his first callup to the men's senior national football team for January's training camp in Turkey. The talented teenager stands out for his skills and maturity, but on the other hand, he is no different than most South Korean football players his age in one aspect. Eom is a great admirer of Son Heung-min, the longtime South Korean ca...

After winning their first Korean Series title in 2020, the NC Dinos missed out on the postseason altogether in 2021. They became the first Korea Baseball Organization (KBO) club in 11 years to miss the playoffs in their title-defending season. Then came a massive overhaul in the offseason. The Dinos let their franchise icon Na Sung-bum walk via free agency and either traded or released several o...

Despite losing three starting pitchers to injuries midseason, the SSG Landers came within a game of making the postseason in the Korea Baseball Organization (KBO) last year. But their manager Kim Won-hyong isn't settling for any moral victories. Dropping the regular season finale to the eventual champions KT Wiz cost the Landers a postseason spot, and the loss still gnaws at Kim, who is now ente...