Expanding environmental, social and governance investment and building digital businesses make capitalism sustainable, the research chief of Mirae Asset Securities said Wednesday. “It’s all about quality, not quantity, when it comes to growth in capitalism. ESG offers a fresh perspective, while metaverse makes possible a digital world built on private property and a free market, which is the ess...

At the Busan International Film Festival in October, “The Apartment With Two Women” won five awards, including the New Current Award given to the two best feature films by new Asian directors presenting their first or second feature. Before creating her first feature film, director Kim directed many short films, including “Submarine Sickness” (2014), “Hamster” (2016), “Playing With Fire” (2018) ...

Samsung Electronics said Thursday it has begun mass-producing cutting-edge memory chips for an undisclosed auto manufacturer to power a range of connected features including autonomous driving. The newest lineup of chips includes 2-gigabyte GDDR6 graphic dynamic random access memory chips, as well as 128-gigabyte universal flash storage. Both products are designed to support autonomous driving f...

South Korea has decided to reinstate toughened social distancing rules and a 9 p.m. curfew for restaurants and cafes to combat record-high surges of COVID-19 infections, top officials said Thursday. During the 16-day period between Saturday and Jan. 2, private gatherings will be capped at four people nationwide -- if they are fully vaccinated. People who are not vaccinated will only be able to ...

Six UN Security Council members and Japan called for publicly discussing North Korea’s human rights situation, after a four-year hiatus in holding an open session at the Security Council. The seven urged other member countries on the 15-member UNSC to resume a public discussion on the subject by issuing a joint statement highlighting human rights violations and abuses by the Kim Jong-un regime. ...

South Korea will come under the grip of the season's coldest weather later this week, with the morning lows dipping to minus 9 C in Seoul and minus 15 C in some inland areas, the state weather agency said Thursday. The Korea Meteorological Administration (KMA) said that the freezing temperatures will be accompanied by snow, which is forecast to begin in central and western coastal areas Friday a...

President Moon Jae-in apologized to the nation Thursday for restoring tough social distancing measures following a spike in coronavirus cases and deaths. Moon issued the apology shortly after the government announced new measures to reduce the maximum private gathering size to four people and restore a 9 p.m. curfew on restaurant and cafe business hours. "I am sorry that we have had to once aga...

BEIJING , Dec. 16, 2021 /PRNewswire/ -- China Petroleum & Chemical Corporation's (HKG: 0386, "Sinopec") has reported another strategic breakthrough of shale oil exploration. This time, its subsidiary Sinopec East China Petroleum Bureau has recorded high-yield shale oil flow in three prospecting wells in Subei Basin. Among which, the Qinye 1HF well has tested daily oil production of 55 tons, ...

The family risk and question of morality also comes as a great risk for Yoon’s rival Lee Jae-myung of the Democratic Party, as past records have shown that Lee himself has been involved in a number of crimes, as have at least a few of his family members. Lee on Thursday apologized for allegations that his 29-year-old son had engaged in illegal gambling from January 2019 to July 2020 via online p...

Cision Shares How Companies Can Stand Out in This Hybrid Event HONG KONG , Dec. 16, 2021 /PRNewswire/ -- Cision PR Newswire is happy to announce that it is the official newswire service and Exhibitor Media Center host for CES ® 2022, one of the most influential tech events in the world. Produced by the Consumer Technology Association (CTA) ® , the event will take place in Las Vegas and di...

Schools will return to a mix of online and offline classes from Monday, as the country reinstates stricter social distancing measures due to rising cases of COVID-19. The Ministry of Education announced Thursday that schools in Korea will reduce student density to prevent classroom transmissions starting Monday, less than a month after schools returned to in-person classes on Nov. 22. The minis...

BEIJING , Dec. 16, 2021 /PRNewswire/ -- XCMG (SHE:000425) has been named one of the World's 500 Most Influential Brands by World Brand Lab for three consecutive years, with a new 2021 ranking of 395, up 14 places from last year. XCMG Climbs in World’s 500 Most Influential Brands Rankings. The rankings of the World's 500 Most Influential Brands, published for 18 years consecutively, reviews t...

The Supreme Court on Thursday ruled in favor of workers at Hyundai Heavy Industries Co., who have fought the company for nine years demanding that regular periodic bonuses be counted as part of their "ordinary wage." The top court ruled in favor of 10 employees who filed the appeal on behalf of some 30,000 workers at the shipbuilding conglomerate and sent the case back to the Busan High Court fo...

South Korean construction companies' sales dropped on-year in 2020 for the first time in 21 years due to the coronavirus pandemic, government data showed Thursday. The combined top line of local builders reached 396.9 trillion won ($336 billion) last year, down 1.1 percent from the previous year, according to the data from Statistics Korea. It marks the first on-year decline since the 11.1 perc...

The income gap between the haves and have-nots in South Korea narrowed to a record low in 2020 on the back of the government's provision of emergency cash handouts amid the pandemic, data showed Thursday. The Gini coefficient measured with disposable income, a gauge of income inequality, came in at 0.331 last year, down from 0.339 the previous year, according to the data from Statistics Korea. ...