S. Korea, Malaysia ink strategic partnership

The leaders of South Korea and Malaysia forged a strategic partnership on Monday to bolster cooperation in trade, the defense industry, clean energy and critical materials as they eye the 65th anniversary of diplomatic ties next year. This came as President Yoon Suk Yeol received Malaysian Prime Minister Anwar Ibrahim on the occasion of his official visit to South Korea. It was the first visit by a Malaysian leader in five years. During the talks, Yoon expressed anticipation that their "bil

PoliticsNov. 25, 2024

[Exclusive] Hyundai Mobis eyes closer ties with BYD

Hyundai Mobis, an auto parts manufacturer under Hyundai Motor Group, is looking to expand relations with Chinese electric vehicle giant BYD in an apparent move to diversify its profit sources outside of Hyundai and Kia. According to industry sources Monday, a group of Hyundai Mobis officials visited BYD’s headquarters in Shenzhen last month. Currently, Hyundai Mobis supplies steering parts to BYD, the No. 1 EV maker in China. During the visit, sources say, the two companies discussed ways

MobilityNov. 25, 2024

Backlash, damage disputes continue after Dongduk Women's Univ. protests

Despite Dongduk Women’s University temporarily halting its plans to transition into a coeducational institution, the aftermath of student protests continues to fuel controversy as alleged employment discrimination and damage compensation claims take center stage. The dispute sparked an online backlash, with discriminatory posts targeting graduates of women’s universities appearing on anonymous forums like Blind, a workplace discussion app. Users claiming to work in human resources at

Social AffairsNov. 25, 2024

Posco International completes first gas processing plant in Australia

Posco International, the trading and energy arm of Posco Group, announced Monday that its local subsidiary has completed the first gas processing plant in Queensland, Australia. In April 2022, Posco International acquired Senex Energy together with Hancock Prospecting. It aims to triple Senex's annual natural gas production from 20 petajoules to 60 petajoules, enough to produce approximately 1.2 million metric tons of liquefied natural gas. Senex Energy has initiated commissioning tests for

IndustryNov. 25, 2024

Diet, exercise top Korea's year-end resolutions: survey

As the year draws to a close, many South Koreans have named exercise and dieting as their top year-end resolutions, according to survey results Monday. The survey, conducted by Karrot Market, South Korea’s largest community marketplace platform, between Nov. 12 and 17, asked users what they most want to achieve before the year ends. The result showed that 39.5 percent of respondents identified exercise, health and dieting as their main priorities. Popular goals included walking for two hou

Social AffairsNov. 25, 2024

'Giant eye’ watches over plastics talks in Busan

A massive flag depicting a human eye was unveiled near the venue of an international negotiation forum on plastics, which opened in Busan on Monday. Created and hoisted by the international non-profit organization Greenpeace, the "#WeAreWatching" flag aims to deliver a powerful message: global citizens are closely observing the discussions on solutions to end plastic pollution, the group said. Designed in collaboration with Swiss artist Dan Acher, it incorporates portraits of 6,472 ind

Social AffairsNov. 25, 2024

[Herald Review] ‘About Family’ warms hearts this winter

This winter, family comedy “About Family” is set to leave moviegoers feeling warm and fuzzy with its unique blend of humor and emotion. Directed by Yang Woo-seok, known for “The Attorney” and “Steel Rain,” the film invites viewers to rediscover the value of family. Set in 2000, the story follows Moo-ok (Kim Yoon-seok), the gruff yet successful owner of a popular dumpling shop in Jongno-gu, Seoul. Having amassed a fortune through generations of hard work, Moo-o

FilmNov. 25, 2024

[Photo News] Kumho Tire backs Hawks on and off court

Kumho Tire’s European branch president Cho Nam-hwa (right) and Hawks Chief Commercial Officer Andrew Saltzman hold a jersey to mark Kumho’s new sponsorship of the Atlanta Hawks. This partnership gives Kumho prominent exposure at the team’s State Farm Arena. With roots in Georgia, where it runs a factory and logistics hubs, Kumho also plans to support local communities with volunteer events and youth outreach programs. Fans can expect exciting extras, too, like autograph session

MobilityNov. 25, 2024

Samsung SDI builds EV momentum with Audi, Hyundai deals

Samsung SDI is charging ahead to claim a bigger slice of the electric vehicle battery market, bolstered by new supply agreements, upcoming product launches and accelerating demand for EVs, particularly in Europe. One of the company’s latest moves is expanding its supply with Audi. Samsung SDI recently began supplying batteries for two of Audi’s EV models, the E-Tron 50 Quattro and E-Tron Sportback 50 Quattro, which previously used batteries from LG Energy Solution. Of the 14 Audi EV

MobilityNov. 25, 2024

Seoul city opens emergency care centers

Seoul City announced Monday that it has launched two urgent care clinics and four specialized clinics to address the challenges patients requiring urgent care for non-severe conditions face during nights and holidays. The centers are expected to alleviate patients' challenges accessing medical care after a prolonged standoff between the government and trainee doctors, according to city officials. The two urgent care clinics, one in Yangcheon-gu and the other one in Songpa-gu, are to treat n

Social AffairsNov. 25, 2024

Temperatures to dip after rain on Tuesday

Starting Monday afternoon, heavy rain is expected to fall on Jeju Island and the Honam region, which includes Gwangju and South and North Jeolla provinces, and later spread across the country, according to the weather agency. Rain in the southern parts of the country and Jeju Island will mostly stop by Tuesday morning, but it will continue in the central regions until later in the day. The Korea Meteorological Administration added that low-pressure troughs could turn rain into snow in the moun

Social AffairsNov. 25, 2024

[Photo News] Shinhan-Apollo partnership

Shinhan Life, the life insurance arm of Shinhan Financial Group, has partnered with US-based asset management firm Apollo Global Management. The South Korean insurer announced Monday that the two firms signed a memorandum of understanding to enhance Shinhan Life's asset management capabilities and secure diverse investment opportunities using Apollo's specialized investment platform and advisory services while bolstering Apollo's presence in Korea. The partnership will include a

IndustryNov. 25, 2024

[Contribution] Intellectual property: A safety belt for Korean exporters

By Kim Wan-ki Drivers instinctively reach for their seat belts, whether they’re off to work in the morning or heading out for a weekend picnic. According to a 2023 traffic culture index survey, seat belt usage in South Korea reached approximately 85 percent, which reflects the belief that seat belts are an essential safety device protecting drivers from potential accidents. Then, what is the equivalent of a seat belt for export enterprises? How can they safeguard their innovative technolo

IndustryNov. 25, 2024

National pension recipients hit 7m in November

The national pension fund said Monday that the number of its recipients reached 7 million this month, marking the first time the milestone has been reached since its launch in 1988. "More than half of South Koreans aged 65 and above are currently receiving national pension," the National Pension Service said in a statement. "This indicates that the NPS is playing a pivotal role as a safety net for retirees." The NPS currently distributes 3.6 trillion won ($2.57 billion) month

Social AffairsNov. 25, 2024

S. Korean business presence in China fading amid local competition, weakened sales

The business presence of South Korean companies in China has withered palpably in recent years amid toughened competition from local rivals and sluggish domestic demand in the neighboring country, industry watchers said Monday. In September, LG Display Co. sold its liquid-crystal display (LCD) factory in China's Guangzhou to a local company for around 2 trillion won ($1.43 billion), effectively ending China operations of South Korean LCD manufacturers following a similar move by industry

EconomyNov. 25, 2024

S. Korean, Japanese biz chambers agree to strengthen energy, supply chain ties

The Korea Chamber of Commerce and Industry, a major South Korean business lobby, held a meeting with its Japanese counterpart on Monday and agreed to strengthen ties in areas of energy, supply chains, and advanced technologies. According to the KCCI, the 13th meeting of the business chamber leaderships of South Korea and Japan was held in Osaka in collaboration with the Japan Chamber of Commerce and Industry. Their last meeting took place in Busan, South Korea, in June 2023. The South Korean sid

EconomyNov. 25, 2024

Govt. hosts roundtable with S. Korean firms in Vietnam on US trade policy

The trade ministry hosted a roundtable with South Korean businesses operating in Vietnam on Monday to discuss strategies for addressing potential changes in US trade policies under the incoming administration. The meeting, held in Seoul, came amid potential shifts under the second Donald Trump administration, including the implementation of blanket tariffs on all imports, which are expected to impact South Korean firms operating overseas as well, according to the Ministry of Trade, Industry and

EconomyNov. 25, 2024

Yoon's approval rating inches up to 25.7%: poll

President Yoon Suk Yeol's approval rating rose for the second consecutive week to 25.7 percent, a survey showed Monday. According to the survey by Realmeter and commissioned by a local news outlet, the positive assessment of Yoon's performance rose 2 percentage points from the previous week, while the negative assessment fell 2.7 percentage points. The survey was conducted on 2,508 adults from Monday to Friday last week and had a margin of error of plus or minus 2 percentage points, wi

PoliticsNov. 25, 2024

S. Korea designates May 27 as Aerospace Day: KASA

South Korea has designated May 27 as Aerospace Day to commemorate the launch of the Korea AeroSpace Administration and proclaim the country's commitment to becoming a global space power, the national space agency said Monday. The day will be commemorated as a national memorial day starting next year, according to KASA, which was established on May 27 this year. The designation has been made to uphold the country's goal of becoming one of the five global leaders in the aerospace industr

Social AffairsNov. 25, 2024

3 infielders named KBO Field Award winners for 2nd straight year

Three infielders were named winners of the top defensive award in South Korean baseball for the second straight year Monday. The Korea Baseball Organization announced the winners in the catcher and four infield positions for its second annual KBO Fielding Award on Monday. Three of the four infield winners were honored for the second straight season: Kiwoom Heroes second baseman Kim Hye-seong, Kia Tigers shortstop Park Chan-ho and KT Wiz third baseman Heo Kyoung-min, who spent the 2024 season wit

BaseballNov. 25, 2024