Most Popular
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Yoon, Lee end first talks with differences, agree to meet more
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What is Hybe’s next move?
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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China outpaces Korea in smaller OLED shipments for 1st time
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[Herald Interview] Mom’s Touch seeks to replicate success in Japan
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Police to open alleged stalking probe over pastor over Dior bag scandal
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'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
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[News Focus] Lee tells Yoon that he has governed without political dialogue
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Seoul to deploy more military doctors to fill med prof void
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Liberal bloc moves to rewrite student rights ordinance
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[Herald Interview] Constantine eyes Korean partnership for Canada project
Constantine Enterprises CEO Robert Hiscox pinned high hopes on the company’s latest condominium development project near Toronto, which could become the beginning of a potential partnership with two Korean partners, Daewoo Engineering & Construction and Hyundai Asset Management. Hiscox and Rogers Communications Chairman Edward Rogers co-founded the real estate company Constantine Enterprises back in 2013. The company works as a developer, construction builder and manager of property pr
Dec. 13, 2023
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[Herald Interview] Canada’s Rogers bets big on population boom
An expansion of the business into the real estate market and beyond comes as Rogers Communications Chairman Edward Rogers, who leads the Canada-based technology and media company, bets high on the country’s burgeoning economy. Rogers has been focusing on diversifying his business outside of the core telecom space, co-founding the real estate development and management firm Constantine Enterprises with his longtime friend Robert Hiscox in 2013. “It was to take advantage of the amazing
Dec. 13, 2023
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Mirae Asset Securities acquires Indian brokerage firm
Mirae Asset Securities has acquired Sharekhan Limited, India’s major brokerage firm, in a $370 million deal to bolster its expansion in the world’s fifth-largest economy. The firm has signed a share purchase agreement with BNP Paribas SA for the acquisition of Sharekhan Limited, according to an announcement made by Mirae Asset Securities on Tuesday. The French banking giant has sold its entire stake in the retail brokerage firm, eight years after the acquisition in 2015. Founded in 2
Dec. 12, 2023
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BlockSquare Seoul helps crypto investors reduce risks
BlockSquare Seoul is working to strengthen its service lineup to support investors in mitigating risks and increasing profit in cryptocurrency trading. The company provides charts which show the price fluctuation of major cryptocurrencies and assess risks, bid prices and liquidation attempts. The charting service, like the cryptocurrency market, operates on a 24-hour basis. The charts further speculate future price movements by using data generated from real-time market monitoring. The chartin
Dec. 12, 2023
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[Herald Interview] BlockSquare CTO on importance of real-time data in navigating crypto market
Speed and accuracy in processing real-time data are key requisites for interpreting the volatile cryptocurrency market, said Won Hyuk, chief technical officer at BlockSquare Seoul. The crypto trading assistance company has created a charting tool for investors, which helps with trading analysis. Its AI-powered Goya algorithm suggests the best time to buy and sell, reading into the market price fluctuation of cryptocurrencies. “We convert figures from orderbook, on-chain data and liquidatio
Dec. 12, 2023
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[From the scene] Convenience store chain riding high on ramen boom
Convenience stores have been emerging as popular lunch spots among office workers in South Korea amid the ever-rising costs of dining out, a trend many in Korea call "lunchflation." Riding high on upbeat sales, convenience store chain CU recently launched a new store specializing in instant ramen products in the bustling Hongdae district in western Seoul. Not only does the store offer a wide variety of ramen products, but it also has an area where customers can prepare and enjoy ramen,
Dec. 11, 2023
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Questions raised over Uniqlo’s hefty dividend payouts
South Korean operator of the Japanese fashion giant Uniqlo, FRL Korea, has announced substantial dividends for the second consecutive year, with dividends surpassing the company's net profit for the 2022 fiscal year by 52.8 billion won ($40 million). According to the Financial Supervisory Service's report Monday, FRL Korea distributed 180 billion won in dividends for the 2022 fiscal year. In the 2021 fiscal year, the company allocated 140 billion won in dividends, exceeding its net pro
Dec. 11, 2023
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Starbucks Korea launches W500m year-end fundraiser
Starbucks Korea said on Monday it would hold its annual Christmas event to raise funds for nongovernmental organizations and community organizations. The fundraiser is the specialty coffee chain's largest social contribution event, and started in 2015. This year’s event is set to kick off Tuesday for 10 days across its stores nationwide. Throughout the event, Starbucks Korea will raise 500 million won ($378,000) by donating 1,000 won for every order of its “Pink Chamomile Relaxe
Dec. 11, 2023
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SK Group creates carbon credit alliance
SK Group said Sunday it has formed an alliance with Korean energy firms and business groups to expand the voluntary carbon market, which allows carbon emitters to offset their emissions by purchasing carbon credits. On Friday, a total of 11 institutions and enterprises signed a multilateral memorandum of understanding to form an alliance for the "Environmental Protection Credit Market," on the sidelines of the 2023 United Nations Climate Change Conference, also called COP28, which take
Dec. 10, 2023
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Creta partners with LoL producer Thomas Vu
Diverse, a Korean metaverse and game development company, said Monday that its Web3 gaming platform Creta has secured a new partnership with Thomas Vu, the renowned producer of the League of Legends game. Under the partnership, Creta agreed to support the game incubation business led by Vu, through which promising game developers can obtain ideas, resources and funding opportunities. Vu started his gaming career as a producer at Namco Bandai Games and Electronic Arts -- the publisher of the Sims
Dec. 10, 2023
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Hyundai, Kia's combined exports set to hit 2 mln in 2023
Hyundai Motor Co., South Korea's top carmaker, and its sister company, Kia Corp., are set to post combined exports of 2 million units in 2023, data showed Sunday, on the back of the post-pandemic market recovery. Hyundai and Kia shipped 945,062 and 867,136 respective units of automobiles over the January-October period, according to the Korea Automobile & Mobility Association. The combined figure represented a 17.5 percent rise from the same period in 2022, the data showed. Considering
Dec. 10, 2023
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[Graphic News] Donations from big firms up 25.1% despite weaker earnings
Top companies in South Korea boosted their donations in the first nine months of the year despite overall weaker earnings, a corporate tracker said. CEO Score, which tracks corporate management activities, said 264 out of the country’s top 500 firms by sales donated a combined 1.42 trillion won ($1.09 billion) to charities during the January-September period, up 25.1 percent from a year ago. CEO Score said the increase came despite the overall lackluster corporate performances during the p
Dec. 6, 2023
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McKinsey names 2 new partners at Seoul office
Global consulting firm McKinsey & Co. on Monday said it has promoted two associate partners, Kim Gi-hong and Moon Ho-joon, as partners. Having studied engineering at Seoul National University, Kim joined McKinsey & Co. in 2016 and has pursued a career across energy and infrastructure. Kim's experience involves leading diverse projects on strategic and practical proposals for oil refinery, petrochemical and construction businesses, and proposing management reforms for companies. Ki
Dec. 5, 2023
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Lotte renews online grocery sales race with new mega facility
Lotte Shopping, the retail arm of Lotte Group, said Tuesday it is set to start the construction of a new logistics center in Busan in partnership with UK retail tech firm Ocado. Lotte held a groundbreaking ceremony for the new facility, called the Customer Fulfillment Center, which will be located on a 42,000 square-meter site within an industrial complex. As part of a partnership with Ocado signed in November last year, Lotte plans to adopt the UK firm’s artificial intelligence-based new
Dec. 5, 2023
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Finance ministry to sell 4.7 tln won in NXC stocks
The finance ministry said Monday that it will put a stake in game developer's holding company NXC Corp. up for sale, valued at an estimated 4.7 trillion won ($3.62 billion). In May, the family of Nexon's late founder Kim Jung-ju paid inheritance tax with a 29.3-percent stake in NXC, or 852,000 shares. With the stake, the finance ministry became the second-biggest shareholder in the company, which controls the Tokyo-listed Nexon Co., a gaming giant with hit titles like Nexus: The Kingdo
Dec. 4, 2023
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LG Display's new CEO aims for turnaround
LG Display's newly appointed chief executive officer Jeong Cheol-dong emphasized the importance of improving performance for turnaround as he begins his official duty Friday. "Getting out of the red is the most urgent priority, and for that, it is important that we complete the deals as we promised to our customers and achieve our planned targets,” Jeong said, sending his inaugural message to employees via email. "We will put a strong drive on cost innovation across the busi
Dec. 1, 2023
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Daewoong Pharmaceutical to launch new diabetes treatment in CIS countries
Daewoong Pharmaceutical said Friday it has signed a contract with Russian pharmaceutical company JSC Pharmasyntez to export Envlo, an SGLT-2 inhibitor for diabetes treatment developed by the South Korean pharmaceutical company, to five member countries of the Commonwealth of Independent States, including Russia. Under the agreement, Daewoong Pharmaceutical will supply its SGLT-2 inhibitor to Kazakhstan, Uzbekistan, Belarus, Azerbaijan and Armenia, as well as Russia, once JCS Pharmasyntez compl
Dec. 1, 2023
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Chung Mong-joon pays tribute to Henry Kissinger
Chung Mong-joon, the honorary chairman of the Asan Institute of Policy Studies, paid tribute on Thursday to the late Henry Kissinger, expressing deep sorrow over his passing that was announced late Wednesday. “Henry was a giant in global affairs; his insight and dedication have left an indelible mark on how we approach international peace and stability," said Chung in a statement. Renowned for his role as the national security adviser and secretary of state during the Richard Nixon an
Nov. 30, 2023
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KB Kookmin Bank CEO seeks 2nd term
KB Kookmin Bank CEO Lee Jae-keun has been nominated for a second term as the head of the nation’s top lender, KB Financial Group said Thursday. In a meeting held earlier in the day, the group’s CEO candidate recommendation committee named Lee as the sole and final candidate as the bank’s next CEO. Lee, 57, has been holding the top post since January 2022. Lee is recognized for his experience in crucial posts, such as sales, finance, strategy and more, and for his understanding
Nov. 30, 2023
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[Global Finance Awards] Shinhan chief makes big ESG push
Shinhan Financial Group's efforts to make a sustainable financial ecosystem have gained global momentum this year under the leadership of Chairman Jin Ok-dong, who took the top post in March. On his first overseas business trip in April, Jin headed to Japan, his country of expertise with almost 20 years of work experience there. During his stay, he met with business and government leaders there to seek digital and ESG (environment, social and governance) cooperation and other possibilities
Nov. 30, 2023