JB Financial Group has been honored with the ESG Excellent Company Award by the Korea Institute of Corporate Governance and Sustainability (KCGS) at the Korea Exchange in Yeouido, Seoul, on Friday. “We see this recognition as an opportunity to further strengthen our responsibility and role in taking the lead in sincere and advanced ESG management,” the financial group said in a statement. Since...

South Korea’s trade volume is expected to stand at 6th in the world -- the highest ranking in Korean history, according to the Korea International Trade Association. “This year, Korea’s exports are expected to exceed $600 billion for the second consecutive year -- recording an all-time high -- and global export ranking is expected to rise from 7th last year to 6th. Import ranking also jumped fro...

A Seoul court on Friday started reviewing a preliminary injunction requested by game publisher Wemade to withdraw the decision from South Korea’s top five crypto exchanges to delist Wemix, a token issued by the game company's blockchain platform. This petition for a preliminary injunction was filed on Monday after the Digital Asset Exchange Alliance (DAXA) comprised of five crypto exchanges -- B...

Korean cryptocurrency exchange operators have suffered setbacks in earnings in the third quarter, as investors' appetite for virtual assets fizzled following a string of incidents revealing their risks. According to Dart, the Financial Supervisory Service’s electronic disclosure board, the net profit of Dunamu, the operator of Korea’s largest cryptocurrency exchange Upbit, marked 159.98 billion ...

Meanwhile, a trade business community Korea International Trade Association Executive Vice Chairman Jeong Marn-ki urged unionized truckers on Wednesday to stop their ongoing strike, emphasizing the harm to the economy. “The government and the National Assembly should not compromise with the call (permanent guarantee of minimum freight rates) as a makeshift measure to reduce the economic damage c...

After gaining momentum from structural changes and the privatization process in recent years, Woori Financial Group has been actively making changes to become the global leader of the future financial market. The most evident change was made recently in November when the group launched a new Data Intelligence department with a goal to pursue development in areas of data and artificial intelligen...

Financial authorities on Monday maintained their position on imposing an income tax on cryptocurrency trading from 2025, delaying the initial plan of levying a 20 percent tax starting next year. According to the Ministry of Economy and Finance, it submitted a bill to lawmakers to push back the new taxation law from 2023 to 2025. Before the end of the year, the bill has to be passed by the Natio...

Two sides of the same coin However, some culture critics say that such summary videos do not always bring benefits to the local content industry. Well-known culture critic Lee Dong-jin told YouTuber ChimChakman, also known as ex-webtoon creator Lee Mal-nyeon, in an interview that “recap videos can be useful but it is not the same as watching a movie.” He went on to criticize those who watch re...

The hourlong show will take place at 3 p.m. and 5 p.m. on Friday and 6 p.m. and 7 p.m. on Saturday at the museum. Anyone who holds a ticket to the exhibition are invited to see the performance. The program is prepared jointly by the MMCA and the Korean Traditional Performing Arts Foundation. The exhibition itself runs through Feb. 26, 2023.

The Night Owl (Korea) Opened Nov. 23 Drama Directed by An Tae-jin Set in the Joseon era (1392-1910), Kyeong-soo (Ryu Jun-yeol) is a day-blind acupuncturist working in the palace. He is unable to see anything during daytime, but, strangely, he can see fine at night. One evening, Kyeong-soo happens to witness the death of Crown Prince Sohyeon. This death leads the prince's father, King Injo (Y...

Lee, marking a return to the big screen 10 years after last appearing in “Wonderful Radio” in 2012, said she was happy to be part of the family movie. “I love movies so I always sought an opportunity to do one,” she said. “I personally love heartwarming films and ‘Switch’ is just that.” “Switch" hits local theaters in January.

“When I was filming short films, I saw actors struggle to talk about their opinions. At the end of the day, it is the actor that the audiences get to see and I think they should be able to add their ideas to the story, so I gave So-hyeon that kind of direction during shooting,” the director explained. During the conference, Kwon Da-ham talked about winning the best actor of the year award for hi...

A Korean Film Council official told The Korea Herald that Chinese interest in Korean films is palpable. “‘Hotel by the River’ was chosen by the Chinese distributor. It did not give a specific reason for the choice. But the change in atmosphere was visible and it did not seem to be reluctant to distribute Korean contents,” the official said. Hong’s 95-minute film is available on Tencent Video, o...

While complimenting the singing and hard work by the cast, the director especially highlighted that he was impressed by the veteran actor Na Moon-hee. Na plays Ahn’s mother in the film. “Her acting is out of this league, so I did not have to give her any direction when shooting. When Na Moon-hee was singing I realized what it means to deliver genuine emotions,” Yoon said. “The key was not about ...

Lee compared the new movie with his previous work that came out in May 2022 and sold about 12.7 million tickets. “‘The Roundup’ is an action film with some comedy elements, but it also deals with some deep material. The new film is rated PG12 because for this time I wanted to create a family movie that the entire family can enjoy,” Lee said. Also, Lee who is used to performing action scenes wit...