The Korean Film Archive on Monday announced it will screen nine Korean independent films that were well received between December last year and November this year at Cinematech KOFA in Sangam-dong, Seoul. The nine films are “Happy Children” by Lee Ji-won, “I Don’t Fire Myself” by Lee Tae-gyeom, “Snowball” by Lee Woo-jung, “Festival” by Kim Rok-kyung, “Black Light” by Bae Jong-dae, “Short Vacatio...

Krafton Inc., the South Korean gaming giant behind the global smash hit "PlayerUnknown's Battlegrounds" (PUBG), said Monday that it has invested $5 million in the Indian dating app FRND. The investment into FRND is part of a Series A round of funding worth $6.5 million that includes other investors, such as India Quotient and Elevation Capital, the company said. A Series A round of financing is...

South Korea's finance ministry on Monday revised up its 2022 growth outlook for the country's economy to 3.1 percent, saying that exports and private spending will likely gain ground despite heightened economic uncertainty. The government's latest projection is higher than the 3 percent growth forecast made in June, according to the Ministry of Economy and Finance. The ministry's outlook is mor...

South Korean stocks plunged nearly 2 percent Monday morning amid spreading virus concern. The Korean won steeply fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) retreated 54.73 points, or 1.81 percent, to close at 2,963 points, the lowest closing since Dec. 2. Trading volume was low at about 371 million shares worth some 8.5 trillion won ($7.1 billion), with ...

SEJONG -- South Korea has publicized its goals of attaining full-fledged normalization of the economy beyond the pandemic crisis in 2022, alongside taking the lead in global competition to occupy future businesses. Deputy Prime Minister and Finance Minister Hong Nam-ki highlighted these dual goals during the government’s unveiling of economic policy directions for next year at the Government Com...

LUND, Sweden , Dec. 20, 2021 /PRNewswire/ -- Syntach AB in Lund, Sweden has been awarded € 2.5 million as a grant and part of blended finance of up to € 17,5 million from the European Innovation Council (EIC) to support the development of its unique minimally invasive cardiac support system. Over 60 million people suffer from heart failure, and it is one of the most common causes of death ...

BEIJING , Dec. 20, 2021 /PRNewswire/ -- China's liquor producer Jiugui Liquor Co., Ltd. supported the comeback of the Shape of Culture season two, a cultural variety show featuring Chinese world heritage project promotion through exclusive sponsorship. A poster previews the 12 world heritages in China in the second season of the Shape of Culture sponsored by Jiugui Liquor. The show is sche...

LG Group chairman and Chief Executive Officer Koo Kwang-mo urged its staff and executives across the world to focus on creating a “valuable user experience” for customers in his New Year’s speech for 2022. Koo, who serves in the top post of South Korea’s fourth-largest family-owned conglomerate, stressed in the mission statement that its staff should think outside the box and explore what is bey...

“Green” chips, or low-power semiconductors, have become bestsellers among both crypto miners and electric vehicle makers looking to increase their profitability and driving range. According to industry sources Monday, major chipmakers including Taiwan Semiconductor Manufacturing Co. and Samsung Electronics are producing advanced, low-power chips at full throttle, as miners of cryptocurrencies de...

Hanwha Q Cells said Monday that its low-carbon solar panels began generating electricity at TotalEnergies’ 55-megawatt solar farm in Gien, France. According to the solar business unit of Hanwha Group, its 126,000 solar panels will produce up to 64 gigawatt-hours of electricity per year -- enough for 71,000 people -- at Total’s solar farm that spans 107 football fields. “Over the course of 30 ye...

The next president should improve social awareness and welfare for the disabled, says Rep. Kim Ye-ji, South Korea's first visually-impaired woman to hold a parliamentary seat. The visually-impaired pianist-turned-politician of the main opposition People Power Party said in an interview with The Korea Herald that she asks whoever becomes the next president to raise awareness of disabled people an...

Thinking of harder-hit theatrical communities across the world, Eom said, “Many actors and theater crew were forced to leave the stage and those lengthy pandemic shutdowns were long enough to hurt them in many ways.“ “These last two years, I believe, have been a very fortunate, precious time for Korean musical actors and crew, despite theaters operating less than usual,” Eom told The Korea Heral...

Concerns regarding historical distortion are neither new nor limited to “Snowdrop.” In March, a JTBC romance-drama was criticized and asked to halt its production for “insulting the foundation of our country” in an online petition to the Cheong Wa Dae website. With an attempt to show that the everything in the series, except for its historical background, was fiction, the broadcaster changed th...

Kim Il-du, CEO of Kakao Brain, the artificial intelligence technology research and development subsidiary of Kakao, said Monday its supergiant AI models are more practical than Naver’s, amid growing competition between the two tech giants over leadership in the AI business in Korea. “Although Kakao Brain’s Korean-language AI model KoGPT contains less parameters than Naver’s, it is just the size ...