Lotte chief vows sustainable cacao sourcing in Ghana

Lotte Group Chairman Shin Dong-bin, alongside executives from the group's Korean and Japanese subsidiaries, visited Ghana to support the sustainable sourcing of cacao, a key ingredient in their signature chocolate product. As part of the Sustainable Cocoa Bean Project, a joint initiative by Lotte's Korean and Japanese branches, the visit included Lee Young-gu, head of Lotte's food division; Lee Chang-yeop, CEO of Lotte Wellfood; and Genichi Tamatsuka, CEO of Lotte Holdings. Lotte

CompaniesOct. 10, 2024

Yoon, Ishiba discuss travel agreement

VIENTIANE, Laos -- President Yoon Suk Yeol and Japan's newly elected Prime Minister Shigeru Ishiba discussed a new bilateral travel agreement that would allow their citizens' free movement between the two countries through a streamlined immigration process, according to Yoon's office on Thursday Kim Tae-hyo, first deputy director of the presidential National Security Office, said in a briefing in Vientiane, Laos that Yoon and Ishiba pledged to accelerate discussions for the new tr

PoliticsOct. 10, 2024

[Herald Interview] NineWatt reveals the simple path to smarter urban energy use

How can cities contribute to achieving carbon neutrality? According to Kim Young-rok, CEO of NineWatt, it is simpler than you might think. “When people think about energy efficiency, they often think of expensive, high-tech solutions,” Kim said. “But before you jump into cutting-edge technologies, the key is to optimize what’s already there -- the buildings you visit every day. The real question is: how do we do that efficiently?” Founded in 2019, NineWatt is a Kore

CompaniesOct. 10, 2024

Hyundai India to launch record $3.3 billion IPO on Oct. 22

Hyundai Motor India is about to make history with a massive $3.3 billion initial public offering set for Oct. 22. This will be the largest IPO in Indian stock market history, and Hyundai plans to use the funds to ramp up production in the country and accelerate its push into the electric vehicle market. India’s stock market regulator, the Securities and Exchange Board of India, gave the green light for Hyundai’s offering Wednesday. The company will sell 17.5 percent of its Indian sub

MobilityOct. 10, 2024

NewJeans’ Hanni to attend National Assembly audit as witness

Hanni, a member of the K-pop group NewJeans, said she will attend the upcoming National Assembly audit regarding workplace bullying and ostracism as a reference witness. The audit will take place Oct. 15. Hanni, on Wednesday, shared her decision on the fan communication app "Phoning," saying, "I will attend the audit alone. I’m doing this for myself, the NewJeans members and our fans." "Neither my manager nor the company (Ador) knows yet, but after much thought, I

K-popOct. 10, 2024

Global voices celebrate Hangeul at 1st Sejong Hangeul Olympiad

SEJONG -- Two events kicked off a new campaign this week to celebrate and elevate Hangeul, the Korean writing system and cornerstone of the nation’s culture, by cultivating legions of Hangeul ambassadors around the world. On Tuesday, the day before Hangeul Day, the inaugural Sejong Hangeul Olympiad brought together 105 contestants from 24 countries to showcase their Korean language skills. Designed to encourage Korean learning and reward exceptional learners, the competition, held in the

Social AffairsOct. 10, 2024

[Today’s K-pop] Ateez adds dates to Europe tour

Ateez will expand the European leg of its tour to 14 concerts, with two more performances in London and Berlin, according to agency KQ Entertainment Thursday. The band of eight originally planned to visit nine countries in the continent for 12 shows, for the Towards the Light: Will to Power tour. The tour took them to 10 cities in the US and Canada this summer and will resume January next year in France. Ateez also dropped its fourth Japanese single album “Birthday” on Oct. 2, claimi

K-popOct. 10, 2024

Gyeonggi starts temperament tests on 'dangerous' dogs for ownership

Gyeonggi Province has initiated temperament tests for dogs with aggressive traits on Thursday, as part of the new ownership approval process aimed at enhancing public safety and promoting responsible ownership. According to provincial government officials, the province's initial evaluation Thursday includes only three dogs, but a total of 549 registered dangerous dogs must be assessed within the next two weeks, as the six-month deadline for obtaining ownership permission approaches on Oct

Social AffairsOct. 10, 2024

Seoul unveils new perks for pregnant women

The Seoul Metropolitan Government on Wednesday rolled out a package of benefits for pregnant women, a move to provide support for expectant mothers amid the city's record-low fertility rate. Effective immediately, pregnant women in the capital will enjoy priority access and discounts at various municipal facilities. The Gocheok Sky Dome and Jamsil Indoor Swimming Pool are offering a 50-percent discount on usage fees and sports lessons. The Seoul World Cup Stadium is waiving entrance fees fo

Social AffairsOct. 10, 2024

‘Speak with confidence. Nobody laughs at your mistakes’

A trio of young language enthusiasts from Tajikistan, Kyrgyzstan and Morocco who met through a chat group, triumphed at the first Sejong Hangeul Olympiad on Tuesday where they demonstrated their exceptional Korean language skills. United as the team "Stars of Sejong," they won the grand prize in a competition that brought together 105 participants from 24 countries to celebrate Hangeul ahead of Hangeul Day. A total of 35 teams, each comprising three members, participated in the Hange

Social AffairsOct. 10, 2024

Seoul shares end tad higher on Wall Street gains

Seoul stocks finished marginally higher Thursday on overnight US stock gains amid a decline in international oil prices. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index edged up 0.19 percent, or 4.8 points, to 2,599.16. Trading volume was heavy at 603 million shares worth 13.48 trillion won ($9.99 billion), with gainers outpacing losers at 442 to 423. Institutions sold a net 299.6 billion won, while foreign and retail investors together bought a net

MarketOct. 10, 2024

Race event celebrates Hangeul Day in Sejong

SEJONG — From runners in perfect gear to families with strollers and couples with dogs, nearly 7,000 participated in a fun race in the city of Sejong on Wednesday, celebrating King Sejong’s great gift to the Korean people, Hangeul. The 2024 Hangeul Run, held at Sejong Lake Park to mark the 587th anniversary of Hangeul’s proclamation in 1446, featured two courses: a 10.9-kilometer run commemorating Hangeul Day and a 5.15-kilometer course celebrating King Sejong’s birthda

Hashtag KoreaOct. 10, 2024

Bain's backing could be costly for Korea Zinc: sources

While Korea Zinc has secured the support of US private equity giant Bain Capital amid a battle for management control of the company, market watchers suggest its backing could eventually cost the troubled zinc smelter a hefty amount. To thwart the takeover attempt from the MBK Partners-Young Poong alliance, the current management of Korea Zinc has teamed up with Bain Capital, a big-name investment company with over $185 billion (250 trillion won) in assets under management. Under Chairman Choi Y

IndustryOct. 10, 2024

North Korea already cut off inter-Korean roads in Aug.: JCS chief

North Korea has already blocked the inter-Korean passages under leader Kim Jong-un’s instructions, South Korea’s Joint Chiefs of Staff chief Adm. Kim Myung-soo said Thursday. The South’s JCS chairman was responding to National Assembly questions about the announcement by the North Korean army on Wednesday that the reclusive regime planned to cut off all roads and railways leading to South Korea and build fortifications in the border areas. “North Korea began closing off

DefenseOct. 10, 2024

KT, Microsoft to debut Hangeul AI language model next year

South Korean mobile carrier KT Corp. said Thursday it will team up with US tech giant Microsoft to develop a new artificial intelligence model tailored to the Korean language and culture within the first half of next year. KT CEO Kim Young-shub presented its vision at the event and announced the goal of jointly developing a Korea-specific AI and cloud model aligned with Microsoft’s objectives. “Microsoft is well aware of Korea's significance in the global information and communi

TechnologyOct. 10, 2024

Korean proficiency test to expand to more countries

The Ministry of Education on Thursday announced plans to double the number of internet-based sessions for the Test of Proficiency in Korean next year. Starting in 2025, 15 TOPIK sessions will be held annually. The new schedule will include six internet-based tests and six paper-based tests focusing on the listening, reading and writing sections, while the speaking section will be administered through three additional internet-based tests. This marks a significant increase in the frequency of int

Social AffairsOct. 10, 2024

Talks over loan of Buddhist relics drag on over terms

Negotiations between a US museum and the South Korean government are dragging out over the terms on which the museum will lend a 14th-century Buddhist reliquary to Korea, as the two sides follow up on their February agreement to push for a temporary loan. According to Rep. Lee Ki-heon of the Democratic Party of Korea on Thursday, the Museum of Fine Arts, Boston, has yet to say what it thinks of a June proposal by the Korea Heritage Service that it would immediately return the Buddhist reliquary

CultureOct. 10, 2024

Toss Securities names new CEO

Toss Securities CEO Kim Seung-yeon resigned abruptly Thursday, six months before the end of his term. The firm's head of product, Kim Gyu-bin, was appointed as his successor during a general shareholders' meeting earlier in the day. Kim Seung-yeon, appointed to serve from April 2023 until April 2025, stepped down for "personal reasons," according to the company, which is the brokerage arm of fintech giant Toss. With his appointment, Kim Gyu-bin, 35, became the first securitie

IndustryOct. 10, 2024

Forum to discuss outlook on intangible cultural heritgage

A two-day forum on promoting intangible cultural heritage will take place next week in Jeonju, North Jeolla Province, hosted jointly by the Korea Heritage Service and UNESCO’s Asia-Pacific office handling intangible cultural heritage. The Oct. 17-18 meeting, held annually and now in its eighth edition, will explore how peoples have maintained their self-identities over migration and what intangible cultural heritage could do to help advance cultural diversity. Over 30 participants from 14

Arts & DesignOct. 10, 2024

Will K bank make W5tr jackpot debut?

Korea's first internet-only bank, K bank, is preparing for its upcoming initial public offering, with demand forecasting kicking off Thursday. According to its securities registration filing, K bank started a weeklong demand forecast from institutional investors on Thursday. This process allows investors to submit their desired purchase quantities and prices before the public offering, guiding the company in determining the final offering price. K bank's target price range is set betwe

MarketOct. 10, 2024