The leaders of South Korea and Japan will discuss regional security, technology and science partnerships, as well as cultural and youth exchanges at a summit planned in Seoul on Sunday, marking the two nations’ “shuttle diplomacy” becoming fully operational, the presidential office said Thursday. According to presidential spokesperson Lee Do-woon, who quoted Japanese National Security Adviser Takeo Akiba, the decision for Japanese Prime Minister Fumio Kishida's visit was m

Politics May 4, 2023

On March 2, US President Joe Biden's administration finally unveiled its national cybersecurity strategy. This document provides strategic guidance for protecting the US government and its cyber ecosystem, including its businesses, from cyberattacks by domestic and foreign adversaries. What draws our attention in this national strategy is the paradigm shift to strengthening government support and intervention in cybersecurity compliance, which has traditionally been the responsibility of

Defense April 21, 2023

Kim Jin-pyo, the speaker of South Korea’s National Assembly, said the success of President Yoon Suk Yeol’s bid to improve ties with Japan hinges on reciprocation from his counterpart, Prime Minister Fumio Kishida. Speaking with The Korea Herald and its sister publication, Herald Business, on Wednesday, Kim said that Yoon’s deal with Japan in the summit with Kishida last month reflected “significant resolve” on the part of the South Korean president. “It is a d

Politics April 14, 2023

(From left) Lee Jane, president of the Korea Women Startup Forum, Kim Sang-kyung, chairperson of the Korea Network of Women in Finance, EU Ambassador to Korea Maria Castillo-Fernandez, Sohn Byung-doo, chairman and CEO of the Korea Exchange, Kwon Choon-taek, secretary-general of the UN Global Compact Network Korea, Lee Bok-sil, president of the Women Corporate Directors Korea, and British Ambassador to Korea Colin Crooks, participate in “Ring the Bell” event designed to raise business

Market March 16, 2022

The US government has formally exempted South Korea from its expanded export restrictions on Russia over its invasion of Ukraine, the Ministry of Trade, Industry and Energy said on Tuesday. The US Department of Commerce added Korea to the list of countries to be excluded from license requirements, including from the foreign direct product (FDP) rules for Russia and Belarus. Also on the list are member states of the European Union, Japan, Canada, Australia, the UK and New Zealand. “Provi

Industry March 8, 2022

Big data platform company DataStreams Corp. said Monday it launched an online academy and appointed instructors last week to deliver the firm’s big data and data governance knowledge to its staff, partners, students and the public. DS Academy will offer 57 lectures in nine courses on products, consulting, big data infrastructure, data integration using the company’s data fabric solution TeraONE, big data governance, big data fabric and artificial intelligence big data analysis, amon

Industry Feb. 28, 2022

Citibank Korea runs a number of programs that contribute to Korean society based on three principles -- employee participation, long-term commitment and leading activity. The bank does not simply deliver donations but also makes contributions to drive real change by partnering with nonprofit organizations to plan programs and giving them long-term support. It also encourages employees to voluntarily participate in these programs. On of the programs is “Citi Global Community Day” wh

Market Dec. 6, 2021

Blockchain company AMAXG said on Thursday it has entered the nonfungible token platform business to trade unique and noninterchangeable data stored on digital ledgers. AMAXG said it recently opened a digital asset NFT transaction platform named BIZA-UVIT, and built strategic partnerships with the Federation of Artistic and Cultural Organizations of Korea (FACO), the Global Medical Aesthetic Exchange Association (GMAEA) and the Korea Blockchain Enterprise Promotion Association. FACO plans to di

Market Nov. 4, 2021

The Korea Herald is publishing a series of special reports on the glass ceiling in the financial industry, focusing on South Korea’s market compared to other major economies. Funded by The Korea Press Foundation, the series will evaluate where Asia’s fourth-largest economy stands in terms of gender equality, reflect on changes being made, and explore ways to boost inclusion in the sector. This is the final installment. -- Ed. Gender discrimination in the finance sector has long been

Economy Dec. 24, 2020

Togo Communication, a local PR agency based in Seoul, will hire new employees by conducting video interviews online as part of efforts to participate in nationwide campaign to contain COVID-19 virus, the company said Thursday. The agency will continue so-called “untact” job interviews with applicants for internships and accountant executive posts, until the government declares an end of the pandemic. “Even though we face the danger of COVID-19, we decided to conduct untact j

Market April 9, 2020

The freshly revamped Sonata by Hyundai Motor was named the best sedan at a motor show held in Saudi Arabia last week, raising prospects for its sales performance in the Middle East.In a vote by a group of auto journalists in the country Sonata won high scores in overall categories that examined the sedan’s design, safety technology and entertainment features, the company said. The result came amid the carmaker expanding its presence in the region’s largest auto market of 400,000-500,

Industry Dec. 16, 2019

Naver Financial, a financial platform by South Korean internet giant Naver, has attracted an investment of about 800 billion won ($683 million) from its financial partner Mirae Asset, the company said in a regulatory filing on Friday. The investment will secure a stable financial structure for Naver Financial and forge a partnership between the two to take the lead in the country’s emerging “techfin” industry. Techfin refers to technology firms seeking to deliver financial prod

Mobility Dec. 13, 2019

Hyundai Motor said Friday it has delivered the first batch of 20 Ioniq EVs to Indonesia, entering the ride-hailing market in the Southeast Asian country in partnership with Grab. The South Korean carmaker and Grab will operate ride-hailing services in Jakarta with the electric version of the compact starting early next year. They plan to expand the number of vehicles in operation by the end of the year. The Ioniq EV is capable of running 271 kilometers per single charge. It can be recharged to 8

Mobility Dec. 13, 2019

The number of all-new K5 preorders has set a fresh record of more than 16,000 units sold in just three weeks, Kia Motors said Thursday as it launched the third-generation of the popular sedan officially on the same day. The number of preorders the K5 received is the highest among vehicles launched under the Kia marque, the company said. “Of all customers who preordered the K5, 53 percent of them were in their 20s and 30s, demonstrating overwhelming support and attention from younger genera

Mobility Dec. 12, 2019

Hanwha Group named Lee Tae-kil, executive vice president of the group’s compliance committee, as the head of its communications committee in an annual executive reshuffle, officials said Thursday. Lee replaces President Choi Sun-mok, who moves to the committee’s advisory board.  After joining Hanwha Chemical in 1991, Lee climbed the corporate ladder by building his career in compliance and communications.The head of Hanwha’s communications committee oversees both the inter

Industry Dec. 12, 2019