[From the Scene] Woori Bank nurtures global talent in Asian push

Betary Syahlan, a final-year business management student at Kyunghee University in South Korea, said she enrolled in Woori Bank's "Woori Internship, Scholarship & Hiring" program to gain practical experience in global banking. "During the program, we are given various assignments that immerse us in real work, an opportunity often lacking in other internships, especially in Indonesia. Working at a major bank like Woori is challenging, but we are definitely learning a lot i

IndustryAug. 5, 2024

Yoon mulls speech after summer break

President Yoon Suk Yeol is considering delivering a speech to the nation over a set of domestic reform agendas to address crises in the fields of education, labor, medicine, and population, as well as the public pension's sustainability later this month, according to the presidential office Monday. According to the presidential office, Yoon will make public remarks after he returns to his post from his summer vacation next week, and before the first regular session of the 22nd National Asse

PoliticsAug. 5, 2024

Extreme heat triggers outages, heatstroke deaths

As extreme heat persists nationwide, widespread damage including power and water outages, as well as heatstroke-related deaths, have been reported as of Monday. On Sunday evening, 255 out of 1,089 households in the Miju Apartments in Dongdaemun-gu, eastern Seoul, experienced a power outage caused by the persisting scorching heat. A Korea Electric Power Corporation official explained to The Korea Herald that the blackout resulted from a fault in the apartment complex's transformer, which ove

Social AffairsAug. 5, 2024

Overachieving S. Koreans aim for more Olympic gold

South Korea's Ahn Se-young won the gold medal in the women's singles event in badminton at the Paris Olympics on Monday. The country has now won 11 gold medals and is within reach of matching its record of 13 gold medals in an Olympic Games. Ahn, the current No.1 in the women's singles category of the World Badminton Federation ranking, defeated He Bingjiao of China 2-0 (21-13, 21-16) to win her first Olympic gold medal. Her win, and Cho Young-jae's silver medal in the men&#

More SportsAug. 5, 2024

Ewha Womans University professor Chon Soo-young appointed LTI Korea head

The Ministry of Culture, Sports and Tourism appointed Chon Soo-young, emeritus professor of English Literature at Ewha Womans University, as president of the Literature Translation Institute of Korea, Monday. Chon will serve a three-year term. Born in 1954, Chon holds a master’s and a doctorate in English Literature from the University of Michigan. She has served as a professor in the English departments of Kyung Hee University (1993-1997) and Ewha Womans University (1998-2019). She was al

BooksAug. 5, 2024

ASEAN trade fair invites public for food, drinks

The annual ASEAN Trade Fair invites the public and prospective buyers to a four-day showcase of food and beverages enjoyed by the 10 countries of the Association of Southeast Asian Nations that starts Thursday at Coex in Seoul. The annual fair, run by the ASEAN-Korea Centre since 2009 to expand business ties, will have three spaces set up for individuals dropping by and businesses looking for partnerships with participating ASEAN companies. The Exhibition Zone will focus on sauces and desserts,

Arts & DesignAug. 5, 2024

Hyundai Glovis, China's Huayou partner on battery recycling

Hyundai Glovis has partnered up with Chinese firm Huayou Cobalt to create an extensive recycling network for electric vehicle batteries, aiming to lead the way in sustainable battery management. Hyundai Glovis, a Korean logistics and distribution powerhouse, inked a memorandum of understanding with Zhejiang Huayou Recycling Technology, or Huayou Recycling, a subsidiary of cobalt giant Huayou Cobalt. Known for being the world's top producer of cobalt -- a crucial element for EV batteries --

MobilityAug. 5, 2024

100 Filipina caregivers to arrive in Seoul one month ahead of assignment

  A group of 100 Filipina caregivers is scheduled to arrive in South Korea early Tuesday morning to undergo a month-long specialized training program before being assigned to families in Seoul next month, the Seoul Metropolitan Government announced Monday. The Seoul Metropolitan Government and the Ministry of Employment and Labor have been advancing a project to introduce foreign caregivers in response to the declining number of local domestic workers amid an aging population and the rising

Social AffairsAug. 5, 2024

Son Heung-min's agency vows legal action on lavish nightclub spending rumor

Tottenham Hotspur superstar Son Heung-min's agency on Sunday released a statement denying a recent rumor that he spent a large sum of money at a Seoul nightclub, partying with Bayern Munich’s Kim Min-jae and other players of the German club. "We've found that the employees of the club had distributed such falsehood to promote their establishment. ... We assure you that Son did not visit the club or spend all that money," said Son & Football Limited Co. It vowed to

Social AffairsAug. 5, 2024

Hollywood superstars spotted enjoying summer in Korea

This summer has been punctuated by the arrival of several Hollywood superstars in South Korea, adding a touch of glamour to the season. English actor Simon Pegg, known for his roles in the "Mission Impossible" series, "Star Trek" and British sitcom "Spaced," has been seen touring around Korea recently. Pegg shared a video of himself on a train that seemed like the KTX on Friday on his Instagram account while featuring a montage of scenes from the film, "Train t

TelevisionAug. 5, 2024

International soccer superstars appear on 'SNL Korea'

World-class soccer players from Tottenham Hotspur and Bayern Munich appeared as surprise guests on an episode of "SNL Korea," hours ahead of their friendly match held on Saturday evening. Tottenham Hotspur players Richarlison de Andrade and Jamie Donley, along with the club's captain, Son Heung-min, appeared in a comedy sketch of "SNL Korea" on Coupang Play Saturday, acting as new recruits for a fictional soccer club named the Sindorim Morning Soccer Club. The episode fe

TelevisionAug. 5, 2024

[Photo News] Hyundai chair welcomes new employees

Hyundai Group Chair Hyun Jeong-eun (center, front row) poses with the company's newest recruits during the 2024 training completion ceremony held last Wednesday at the group’s headquarters in central Seoul. During the event, Hyun distributed employee cards to approximately 50 new employees and delivered a message of support. She emphasized Hyundai’s core value of positivity, encouraging the recruits to embrace their new roles with enthusiasm and dedication. (Hyundai Group)

IndustryAug. 5, 2024

Archer Kim completes golden hat trick to become winningest Korean in Olympics

South Korean archer Kim Woo-jin won the men's individual title Sunday at the Paris Olympics, bagging his third gold medal and making Korea the first win in five Olympic archery events. With Sunday's win, Kim became the third Korean ever to win three gold medals in a single Summer Olympics -- after his mixed team partner Lim Si-hyeon achieved the feat a day earlier -- and solidified his place as winner of most gold medals in the country's history. This also marked the second time S

More SportsAug. 5, 2024

S. Korean table tennis star captures hearts with sportsmanship, charm

Table tennis player Shin Yu-bin failed to win an Olympic medal in the women’s singles event in Paris, but she seemed to have won many hearts with her sportsmanship and charm. The 20-year-old South Korean finished fourth in the women’s singles at the Paris Olympic table tennis tournament on Saturday, falling short of her second medal in France after losing to Hina Hayata of Japan in the bronze medal match. Shin won a bronze medal in the team event in Paris. However, after the 4-2 loss

More SportsAug. 5, 2024

N. Korean leader Kim attends ceremony commemorating tactical ballistic missile weapon system

North Korean leader Kim Jong-un has attended a ceremony to commemorate the transfer of a new-type tactical ballistic missile weapon system, which serves as the "pivot military hardware" in the armed forces, state media reported Monday. Kim attended the ceremony, which took place Sunday, showcasing 250 new-type tactical ballistic missile launchers, according to the Korean Central News Agency. Kim also delivered a speech, stating that an important task specified in the practical guidelin

North KoreaAug. 5, 2024

[Bills in Focus] Easing discount store restrictions, securing AI usage policies

Proposed Bill: Partial Amendment to the Distribution Industry Development Act Proposed by Rep. Choi Soo-jin (People Power Party) ● The current act prescribes the establishment and modification registration of superstores and quasi-superstores in traditional commerce preservation areas, requiring persons who intend to open superstores, etc., to register and submit an evaluation report on the store’s impact on commercial districts and a regional cooperation plan. The act also requires the Ma

PoliticsAug. 5, 2024

FSC chief vows to curb household debts, stabilize financial market

The head of South Korea's financial regulator said Monday that he will redouble efforts to reduce high household debts via the implementation of tighter curbs. Kim Byoung-hwan, the chief of the Financial Services Commission, also said the regulator will remain vigilant against potential volatility in the financial market. "The very reason for our financial system's vulnerability to external shocks is relatively high indebtedness and dependence on debts," he said. "We nee

EconomyAug. 5, 2024

Seoul shares open sharply lower on continuing US slowdown fears

South Korean stocks started sharply lower Monday as investor sentiment was dampened by continuing fears of a US economic slowdown. The benchmark Korea Composite Stock Price Index (Kospi) fell 100.4 points, or 3.75 percent, to 2,575.79 in the first 15 minutes of trading. On Friday, the Kospi slumped 3.65 percent to a two-month low of 2,676.19 after US unemployment claims hit the highest in almost a year, fueling concerns over the world's largest economy. Moreover, the US unemployment rate, r

MarketAug. 5, 2024

Heat wave causes surge in heat-related illnesses to 1,546 cases, deaths of 257,000 livestock

The nationwide heat wave has led to a surge in the number of patients with heat-related illnesses to 1,546, while causing the deaths of over 257,000 livestock, the interior ministry said Monday. The previous day, temperatures in Yeoju, 64 kilometers southeast of Seoul, reached 40 C, marking the first time since 2018, which was recorded as the hottest year on record. The interior ministry said that the total number of patients with heat-related illnesses from May 20 to last Saturday reached 1,546

Social AffairsAug. 5, 2024

Im Ae-ji takes bronze in women's boxing

Im Ae-ji grabbed a bronze medal in the women's 54-kilogram boxing event at the Paris Olympics on Sunday, giving South Korea its first medal ever in women's boxing after losing her semifinal bout. Im couldn't get past Hatice Akbas of Turkiye in the semifinals at North Paris Arena in Paris on Sunday, losing by a 3-2 split decision.. There are no bronze medal bouts in Olympic boxing, and the two losers of the semifinals each receive a bronze medal. This was South Korea's first b

More SportsAug. 5, 2024