Samsung Electronics has promoted a swath of young executives in their 30s and 40s as part of its ongoing efforts to breathe fresh air into its rigid corporate culture. The Korean tech giant said Thursday a total of 198 executives, including eight executive vice presidents in their 40s and four vice presidents in their 30s, were promoted in its year-end executive reshuffle. Samsung said the late...

- The Obstetric Safe Surgery (OSS) Project in Kenya is funded by Johnson & Johnson and to date has been implemented by Jhpiego as the lead organization, in collaboration with County and National Ministries of Health and professional associations. - To support implementation moving forward, Proximie and Ariadne Labs have formed a unique partnership with Jhpiego to integrate Jhpiego's best pract...

South Korean stocks advanced for a seventh consecutive session Thursday amid eased concerns about the omicron variant of the new coronavirus. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) added 27.77 points, or 0.93 percent, to close at 3,029.57 points. Trading volume was moderate at about 496 million shares worth some 12 trillion won ($10.2 ...

LG Innotek said its chief executive Jeong Cheol-dong will receive an award from the Institute of Electronics and Information Engineers on Friday for helping raise the global competitiveness of the local materials and parts industry. Jeong, known for his insight on the materials and parts market with 37 years of experience in business-to-business deals, will receive the Haedong Technology Award f...

For Daewoo E&C, the takeover deal means a solution for urgent cash needs. Jungheung Group has pledged that the first thing it will do after the acquisition will be to lower Daewoo E&C’s debt ratio. Its debt ratio was 223 percent as of the third quarter, far above those of competitors such as Samsung E&C (64 percent), Hyundai E&C (104.6 percent) and HDC Development (122.9 percent). The average de...

Business leaders in the cosmetics and beauty industry shared their thoughts on the growth potential of K-beauty on Thursday, at Trade Week 2021, a four-day global conference organized by the Seoul Business Agency to offer support for small and medium-sized enterprises in Seoul. L’Oreal’s Chief Digital Officer Lee Seon-young kicked off the seminar, explaining how digitalization is changing the co...

Amid growing backlash, the milk brand took down the video and apologized on its official website Wednesday. “We sincerely apologize to everyone who felt uncomfortable because of our YouTube advertisement. We are accepting this matter with a heavy heart and will internally review and take extra care to prevent similar incidents from happening in the future,” the statement read. Seoul Dairy Coope...

South Korea's government debt level is not high enough to negatively affect its sovereign ratings in the near future, the global credit appraiser S&P Global Ratings said Thursday. Kim Eng Tan, senior director at S&P, said Korea's debt-to-GDP ratio is expected to reach slightly more than 40 percent by the end of next year, lower than the 50 percent estimate by the Korean government. "l just stat...

South Korea is seeking to play its “role as the previous host nation” of the Winter Olympics, First Vice Foreign Minister Choi Jong-kun said Thursday, alluding that Seoul is less likely join the US in a diplomatic boycott of the 2022 Beijing Games. Choi made the remarks during an interview with local radio station TBS, stressing that the upcoming Beijing Olympics are a “relay of Northeast Asi...

In a separate press conference, the election committee’s policy chief, Won Hee-ryong, formerly the governor of Jeju Island, announced the election pledge that the government will take full charge of securing sufficient hospital beds for critically ill COVID-19 patients, targeting the current shortage of hospital beds. “We will transform all public medical centers to be dedicated to treating COVI...

North Korea is operating its main plutonium-producing nuclear reactor at the Yongbyon complex, a Washington-based think tank revealed Wednesday, citing thermal infrared imagery. The CSIS Korea Chair said in a report it found the “clear and conclusive evidence” that the 5-megawatt reactor was operating based on thermal image analysis. The 5-megawatt nuclear reactor at the Yongbyon Nuclear Comple...

South Korean megahit “Squid Game” ranked as the No. 9 most-searched keyword by worldwide users on Google this year, Google Korea said Thursday. No. 1 on the list of most searched terms was “Australia vs. India,” referring to cricket matches between the two countries. “India vs. England” took second, followed by “IPL,” which stands for the Indian Premier League. Among the TV shows searched on Go...

Foreign nationals who were fully vaccinated abroad can now register their vaccine status without applying for a quarantine exemption, health authorities said on Thursday. “Foreigners who register their first and second shots received abroad can request for a foreign vaccination certificate which will work as a vaccine pass and allow them to receive a third shot (in Korea),” the Korea Disease Con...

South Korea on Thursday fell deeper into the COVID-19 crisis, reporting over 7,000 new cases for a second consecutive day while critical cases hit an all-time high. The Korea Disease Control and Prevention Agency said 7,102 cases were reported in the 24 hours ending Wednesday at midnight, putting the country’s total number of cases to date at 496,584. It is the second-highest tally of daily cas...