Heads of South Korea’s top five traditional banking groups on Monday pointed to swift digital transformation and bolstering competitiveness of diverse business units as the main requirements for their survival in the new year. KB Financial Group, the nation’s No. 1 banking group in terms of total assets, must become the nation’s top financial platform and provide customers with the best digital ...

The eight-part series ranked in the fifth place as of Monday on the global Netflix chart, according to the US-based streaming analytics firm FlixPatrol. By Lee Si-jin ( sj_lee@heraldcorp.com )

The key benchmark Kospi and junior Kosdaq opened higher on Monday after their last trading session on Thursday, amid strong retail demand and foreign buying betting on a pandemic recovery. The Kospi, which ended at 2,977.65 for its final trading session in 2021, closed at 2,988.77, while the Kosdaq ended at 1,037.83, slightly up from 1,033.98 from the previous session. The rebound was backed by...

“I think you should debut as a television director or a screenwriter for a local broadcaster,” a netizen commented on a Zepeto drama on YouTube. “Our metaverse platform Zepeto can be promoted in two different ways. With the ‘out to in’ strategy, collaborations with global companies, including Christian Dior and Samsung, can be perfect example. But, ‘in and out’ strategy requires actual Zepeto us...

South Korea’s key manufacturers, retailers and service providers on Monday vowed to prepare for a full business recovery from the prolonged pandemic crisis by initiating both technological and organizational innovation to tap into markets that had already gone through tremendous changes for last two years. “The paradigm shift that was brought by the COVID-19 crisis and challenges to overcome it ...

Speculation is growing that Samsung Electronics Vice Chairman Lee Jae-yong may go on a work trip later this month possibly to China where the Korean tech giant is struggling to elevate smartphone and home appliance sales. According to industry sources on Monday, the de facto Samsung chief is expected to make another business trip during the court’s holiday recess that begins later this month. Le...

Leaving just 66 days before the presidential election, the entire leadership of the main opposition People Power Party’s campaign committee resigned Monday, amid unending internal strife, constant gaffes and falling support. After the campaign chief Kim Chong-in announced earlier in the day that he would carry out a complete reform of the election committee, the party said all politicians holdin...

The tension of the upcoming presidential election is not as heated as usual, as COVID-19 keeps people from gathering. Although the surface seems relatively calm, the candidates are somehow preparing their own policies. The diplomatic security policy might attract less attention than the domestic circumstance, however, it might be more urgent, requiring prompt action. While domestic politics is a...

LG Electronics said Monday it would introduce a new in-vehicle infotainment concept tailored to autonomous vehicles at CES 2022, indicating that its car cabins can turn into a space where passengers work, watch TV, exercise or experience camping virtually. Called LG Omnipod, the new mobility concept solution gives a glimpse of an on-the-road extension of one’s personal living space which is desi...

South Korean pharmaceutical giant Celltrion Inc. said Monday that its antibody treatment candidate against COVID-19 has shown safety in its clinical trial. Celltrion said it has enrolled 24 healthy volunteers in its global phase one clinical trial and confirmed the safety, tolerability and pharmacokinetics of CT-P63. Separately, Celltrion said that CT-P63 has maintained strong neutralizing abil...

A man has been taken into custody for assaulting three Mongolian men, according to Seoul police. The suspect, who was not identified, is being questioned for his part in an assault that occurred around 3:20 a.m. on Sunday near Sinnonhyeon Station in Gangnam, Seoul. Police believe other people took part in the attack, and are trying to track them down. The incident follows other assaults that h...

South Korea's antitrust regulator plans to take stern actions against unfair business activities by online platform operators in a bid to protect small merchants and consumers, its chief said Monday. Concerns have mounted that powerful online platform operators, such as Naver Corp. and Kakao Corp., have abused their dominant market status and engaged in unfair business practices against contract...

A former national security adviser to Donald Trump slammed Joe Biden’s foreign policy, saying North Korea is a year closer in perfecting its nuclear and ballistic missile technology as a result of Biden’s diplomacy on Pyongyang -- or lack thereof. In an op-ed published by Washington-based news outlet the Hill on Sunday, John Bolton identified Iran and North Korea as the Biden administration’s...

Hyundai Motor Group chief said Monday that the automaker will materialize its vision of becoming a smart mobility provider in autonomous driving and urban air mobility this year, attempting a shift in its focus from manufacturing to auto software. In his New Year‘s address, Hyundai Motor Chairman Chung Euisun said the company will make no delay to its plan to mass produce the Ioniq 5 loaded with...

In the 1950s, the Republic of Korea was embroiled in war with the Democratic People’s Republic of Korea, dividing the nation in the Korean War. South Korea supported democracy, and North Korea supported communism. The war wreaked havoc on a nation that had only just been freed from Japanese colonialism and was suffering intensely from poverty. Threatened by communism from China and the USSR, the...