For the Korean finance sector, the unique East Asian culture of using personal signature stamps in transferring ownership of assets stands as homework for the firms, in translating it into a more digital-friendly tool. “But in the end, digital transformation is not only about evolution in technology, but how leadership and the company rewires its system,” Yi said. (mkjung@heraldcorp.com)

South Korea’s central bank chief expressed concerns of high inflation Thursday, saying it could pose as a major hurdle for the economy’s sustainable growth. “If the sentiment surrounding inflation expectations continues to sour, the ties between wages and inflation could drive up inflationary pressure, as observed in other economies,” Bank of Korea Gov. Lee Ju-yeol said in a press briefing. “Th...

South Korea's new Chief of Naval Operations Adm. Kim Jung-soo vowed Thursday to forge ahead with the Navy's long-cherished project to secure a light aircraft carrier, as he took the helm of the armed service. Kim made the remarks amid expectations that the Navy will embark on the project to acquire the coveted vessel by 2033 next year, as the National Assembly passed a 7.2 billion won ($6.08 mil...

South Korean stocks advanced for a second straight session Thursday amid eased uncertainties from the FOMC meeting results. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) rose 17.02 points, or 0.57 percent, to close at 3,006.41 points. Trading volume was moderate at about 397 million shares worth some 8.4 trillion won ($7.1 billion), with lose...

The main opposition People Power Party's presidential candidate, Yoon Suk-yeol, saw his lead over ruling Democratic Party rival, Lee Jae-myung, narrowed to a margin of 3.9 percentage points, an opinion poll showed Thursday. Yoon was leading Lee 42.3 percent to 38.4 percent in the survey by RnSearch, commissioned by Maeil Business Newspaper and its affiliated broadcaster MBN. The 3.9 percentage ...

The world's largest and most influential professional association for police leaders opened its Asia-Pacific office in South Korea on Thursday, the National Police Agency (NPA) said. The Asia-Pacific World Regional Office of the International Association of Chiefs of Police (IACP) began its operations at the NPA in central Seoul, the agency said. The United States-headquartered IACP is the worl...

South Korean mobile realtor app operator Dabang said Thursday it has unveiled a contact-free signing service for real estate contracts, accelerating innovation in the country’s property technology industry. According to the property technology company, the mobile signing service, Dabang Sign, offers users the ability to sign real estate contracts via Dabang’s app. If landlords request to regist...

SK Inc. said Thursday it has joined in on a $50 million investment into Fulcrum BioEnergy, a US-based firm that turns household waste into low-carbon transportation fuels including those for airplanes. According to the holdings company of South Korea’s third-largest conglomerate SK Group, the investment will allow SK Inc. to make a foray into the Korean bioenergy market. SK Inc. is jointly inves...

South Korea's military recruitment agency on Thursday disclosed personal information about 342 people accused of dodging mandatory military service. The disclosure of their names, ages, addresses and other details came as part of the efforts by the Manpower Administration to pressure them to fulfill their service and prevent potential draft dodgers, officials said. The list included 92 men who ...

Concerns reignited among iPhone 13 users subscribed to telecoms service provider LG Uplus on Thursday as they were still unable to receive calls or had calls disconnected despite the latest but a belated software update. Angry customers blamed Apple on online communities for posting a notice about its latest software update -- the iOS 15.2 -- more than a month after they demanded fixing the prob...

The extended collaboration with Tennis Australia will introduce enhanced broadcast match statistics and new initiatives to make tennis more accessible for all, while continuing to develop innovative digital stakeholder experiences MELBOURNE, Australia , Dec. 16, 2021 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consult...

SHANGHAI , Dec. 16, 2021 /PRNewswire/ -- The China Pavilion enthralled visitors at Dubai Expo 2020 with the "Shanghai Electric Day" event held on December 1 where some of Shanghai Electric's greatest technological feats dedicated to helping the world build a smarter and greener future were on full display. The exhibition, covering the Company's latest achievements in new energy, environment...

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...