Kim Jun, CEO of South Korea’s largest energy company SK Innovation, reaffirmed the company’s commitment to go net zero with more detailed action plans to be implemented across the firm. In a recent interview with the firm’s official news channel SKinno News, Kim revealed that this will be the first year to begin implementation of its greenhouse gas emission reduction plan called “All Time Net Ze...

At times of high financial volatility, Korean fintech firm Fint’s artificial intelligence-powered investment service designed for minimizing risk, can play its part, said an executive from the startup behind the service. Launched by startup December & Co. in 2019, Fint is a digital version of a fund manager that implements an investment strategy and manages the portfolio through trading activiti...

South Korea and Australia have agreed to extend their currency swap agreement by another five years, which was signed to help increase trade and improve financial stability. Under the extension, the Bank of Korea and the Reserve Bank of Australia can exchange their local currencies up to 9.6 trillion won or 12 billion Australian dollars ($7.69 billion). The deal follows the previous agreement ma...

Korean pharmaceutical firm Chong Kun Dang said Monday that it signed a licensing deal with Dutch company Synaffix to gain access to the latter's technologies needed to develop new antibody drug conjugates. The size of the deal, which was inked Friday, is estimated at around $132 million, plus tiered royalties on commercial sales in the future. “The company will speed up development of next-gene...

Seoul shares ended lower Monday, as strong US jobs data fueled fears of further rate hikes to tame inflation. The Korean won fell sharply to a monthly low against the US dollar. The benchmark Korea Composite Stock Price Index fell 42.21 points, or 1.7 percent, to close at 2,438.19 points. Trading volume was moderate at 554 million shares worth some 7.54 trillion won ($6 billion), with decliners...

The Ministry of Gender Equality and Family sent an official letter to local governments last week, asking for stricter supervision to prevent teenagers from accessing such facilities with lockable rooms, beds -- in other words places where teenagers might have sex. "We have provided specific explanation about the type of facilities that minors must stay away from. Rather than stating the categor...

French President Emmanuel Macron's recent proposal to raise the retirement age from 62 to 64 is believed to be the optimal solution to tackle the country's soon-to-run-out public pension reserves, French economist Philippe Aghion said during an interview with The Korea Herald on Jan. 24. "The best way to deal with the pension deficit is to increase how much time you spend in life working, and th...

Military police said Monday they had launched an investigation after a report that a sergeant had abused a soldier with a motor drill. According to a military statement, a sergeant at a unit located in the greater Seoul metropolitan area was reported Sunday for using a motor drill on the arm of a soldier on Friday. The names of the perpetrator and victim have not been disclosed. The sergeant ap...

SAN FRANCISCO -- Samsung Electronics is hoping to expand its presence in the laptop market where it remains a tiny player, as people are replacing their laptops more frequently. “The replacement cycle of laptops is getting shorter from the previous lifespan of five years on average since the electric devices are turning into true ‘personal computers’ during the pandemic years,” said Lee Min-cheo...

South Korea’s main opposition the Democratic Party of Korea on Monday tabled a motion to impeach Minister of Interior and Safety Lee Sang-min over the deadly crowd crush in Seoul’s Itaewon on Oct. 29, 2022. The impeachment motion was submitted on the grounds that Lee failed to carry out measures to prevent crowd congestion or to work with concerned institutions in the event of mass disasters. Th...

ANKARA, Turkey — A powerful 7.8 magnitude earthquake hit southeast Turkey and Syria early Monday, toppling buildings and sending panicked residents pouring outside in a cold winter night. At least 207 people were killed in both countries, hundreds were injured and the toll was expected to rise. Rescue workers and residents frantically searched for survivors under the rubble of crushed buildings ...

The Daejeon High Court ruled Wednesday against a Korean Buddhist temple's ownership claim to a 14th-century Bodhisattva statue that it argues was plundered by Japanese pirates in the late Goryeo-era. The ruling accelerated Japan's request to Korea for its urgent return, although the Korean court added that issues concerning the return and protection of cultural assets should be decided in accord...

K-pop boy group Enhypen successfully wrapped up its first world tour “Manifesto” in the Philippines' capital Manila on Sunday. Starting from Seoul last September, the septet visited a total of 12 cities around the world and held 22 concerts over the past 5 months. The group proved its global popularity, selling out 19 of 22 world tour gigs despite it being their first. In Japan alone, the act ...

BEIJING , Feb. 6, 2023 /PRNewswire/ -- A scenic spot in Xuecheng District of Zaozhuang City, east China's Shandong Province , took on a new look, featuring special decorations with traditional Chinese elements and colored lanterns, as the Lantern Festival approached . During the night, the lights shine with varied colors, which attracts many tourists and adds the festive and peaceful a...

NEW YORK , Feb. 6, 2023 /PRNewswire/ -- Available to young women (ages 15-17.5) around the world, applications are now open for the AFS Global STEM Accelerators : a full-scholarship virtual exchange program in sustainability, STEM (Science, Technology, Engineering, Math), and positive social impact . Global Stem Accelerators’ voices echo the desire for a brighter and more inclusive future....