[Photo News] Winner of 2024 Genesis Invitational

Hyundai Motor Group Executive Chair Chung Euisun (right) and Japan’s nine-time PGA Tour winner Hideki Matsuyama hold the trophy celebrating the player’s victory at the 2024 Genesis Invitational of the US PGA Tour held last week at California's Riviera Country Club. In its eighth year as the event's title sponsor, the carmaker's Genesis brand provided a fleet of 220 vehicles during the four-day tournament. Matsuyama was awarded a $4 million prize along with the GV80 c

MobilityFeb. 19, 2024

[Photo News] Water Partnership

Woori Financial Group Chairman Yim Jong-yong (left) and Korean Water Resources Corp. (or K-water) CEO Yun Seog-dae pose for a photo at the financial giant’s Seoul headquarters on Thursday after signing a memorandum of understanding to support small- and medium-sized firms for their overseas expansion and environmental, social and governance management. “Our partnership combining Woori’s expertise in corporate financing and K-water’s business know-how will become a crucial

IndustryFeb. 18, 2024

[Photo News] Busan baseball stadium to get a new look

Minister of Culture, Sports and Tourism, Yu in-chon, on Saturday visited the Sajik Baseball Stadium in Busan, which is undergoing reconstruction. The reconstruction of Sajik Baseball Stadium is scheduled to begin in the first half of 2026, to be completed in the second half of 2028. In 2021, the city of Busan adopted a joint declaration with the Lotte Giants on the reconstruction and conducted a study to carry out the reconstruction. “This year, we plan to hold discussions with Lotte Grou

CultureFeb. 17, 2024

[Photo News] Shining Future

Citibank Korea CEO Yoon Myung-soon (left) and JA Korea President Lee Eun-hyung pose for a photo during a sponsorship signing event held at the bank’s Seoul office on Wednesday. The bank donated 317 million won ($250,000) to the Korean unit of JA Worldwide, a non-profit youth organization, to help vocational school students prepare for their future careers as part of the Citi-JA Shining Future Program. (Citibank Korea)

IndustryFeb. 15, 2024

[Photo News] Korean BMW navigation

BMW Group Korea said Wednesday that it will begin loading the Korean BMW navigation system based on the country's leading mobility platform Tmap, starting with the BMW X1 and BMW 2 Series Active Tourer models this month. The automaker said the newly developed navigation system offers advanced convenience, as it receives the latest traffic and map information in real time through online streaming. The Korea-dedicated navigation will be equipped on the BMW New X2 and new Mini models, which ar

MobilityFeb. 14, 2024

[Photo News] Bitcoin flies high

A screen shows bitcoin trading at over 67 million won ($50,459) at local crypto exchange Bithumb's headquarters in southern Seoul, Tuesday. The price of bitcoin traded above $50,000 on Monday (US time) for the first time since December 2021, according to the US-based crypto exchange Coinbase. The sharp increase is assessed to have stemmed from a strong inflow of spot bitcoin exchange-traded funds that directly hold bitcoin. The Korean price of bitcoin stood at 67.1 million won as of 2 p.m.,

MarketFeb. 13, 2024

[Photo News] Fostering investment with UK

First Vice Finance Minister Kim Byung-hwan (right) and Minister of State for Regulatory Reform of the United Kingdom Lord Dominic Johnson pose after signing a Memorandum of Understanding for the launch of a dialogue between the two governments to promote mutual investment expansion in London on Wednesday. The Korean ministry expected that the dialogue would serve as a channel for introducing investment opportunities from both countries and create a friendly investment environment. (The Ministry

EconomyFeb. 8, 2024

[Photo News] Boosting Shipping Logistics

Hyundai Glovis, Hyundai Motor Group's logistics affiliate, said Wednesday that it has signed a memorandum of understanding with the Korea Ocean Business Corporation under the Ministry of Oceans and Fisheries to secure four pure car and truck carriers, or PCTCs, to bolster Korea's vehicle exports. The Korea Ocean Business Corporation will place the orders for the ships, which have the global top-class capability of loading 18,000 cars per ship and are expected to be delivered in 2027. I

IndustryFeb. 7, 2024

[Photo News] Korean defense firms target Middle East

At the 2024 World Defense Show in Saudi Arabia on Monday, Hyundai Rotem's defense solutions business unit head, Lee Jung-yup (eighth from left), and LIG Nex1’s overseas business manager, Lee Hyun-soo (ninth from left), formalized a defense export cooperation agreement aimed at the Middle East market. This collaboration targets surging demand for modernized defense capabilities in the region, strengthening the global footprint of Korean defense technologies. Hyundai Rotem has showcased

IndustryFeb. 6, 2024

[Photo News] Forex roadshow in London

South Korean First Vice Finance Minister Kim Byoung-hwan (second from left at table) speaks during an investor relations session in London on Monday about the current status of the South Korean economy and the country's economic policy plans. Ten global investment banks, including JP Morgan, Fidelity, Wellington, UBS and Morgan Stanley, attended the session to introduce Korea's new policies to boost accessibility for the country's foreign exchange market. (Ministry of Economy and

EconomyFeb. 6, 2024

[Photo News] Ex-Premier Leaguer Lingard in Seoul

Jesse Lingard, former Manchester United midfielder and England men’s national football team member, arrived at Incheon International Airport on Monday afternoon as he is expected to finalize a deal with FC Seoul of the K League 1, South Korea’s highest professional football league, later this week. If the deal with FC Seoul goes through, the former English Premier Leaguer will become the biggest international football star with the highest name value that the Korean league has ever s

SoccerFeb. 5, 2024

[Photo News] Foreign reserves fall

Two employees sort out dollars at Hana Bank's Counterfeit Notes Response Center in central Seoul on Monday. Korea's foreign reserves stood at $415.7 billion as of end-January, down $4.39 billion from the previous month, according to the Bank of Korea. It was the first time in three months for the figure to fall. The US greenback has been strengthening as the market has lowered its expectation of an early pivot in the Federal Reserve's monetary policy. Korea was the world's ni

EconomyFeb. 5, 2024

[Photo news] Seoul's biggest blessing is you

The new quote "Seoul's biggest blessing is you" is seen on the signboard on the front side of the Seoul Metropolitan Library building in central Seoul. Seoul Metropolitan Government put up the quote in celebration of Seollal, Korea’s traditional New Year's day, which falls on Saturday, the city announced Monday. The city government has displayed quotes collected from citizens since 2013 on the signboard hung at the former Seoul City Hall main building.

Social AffairsFeb. 5, 2024

[Photo News] Hanwha in Saudi

Hanwha Group's defense affiliates -- Hanwha Aerospace, Hanwha Systems and Hanwha Ocean -- are showcasing their latest weapons systems at the World Defense Show 2024 held in Riyadh, Saudi Arabia, from Sunday to Thursday. Displaying the defense solutions covering the air, land and ocean such as an advanced engine for a fighter jet, K9 howitzer and submarine technology, Hanwha said it will look to explore partnerships in the Middle East. (Hanwha Aerospace)

IndustryFeb. 4, 2024

[Photo News] IBK chairman starts second year at helm

Industrial Bank of Korea Chairman and CEO Kim Sung-tae convened a meeting with top executives from the bank's subsidiaries and branches at the IBK training center in Chungju, North Chungcheong Province, on Friday, marking the start of his second year in office. Emphasizing the bank's pivotal role in "driving Korea's economic growth by leveraging policy financing for small and medium-sized enterprises," Kim underscored the importance of boosting support for small business

IndustryFeb. 4, 2024

[Photo News] 'Squid Game' to return with second season in 2024

"Squid Game," the South Korean Netflix original drama series which took the world by storm upon its release in 2021, will return with a second season in 2024, according to Netflix. The new season of the thriller will follow the story of Sung Ki-hun (played by Lee Jung-jae), who gives up his flight to the United States after discovering that the organizers of the death game are continuing to recruiting participants. The drama series will also follow the stories of various contestants wh

TelevisionFeb. 2, 2024

[Photo News] Winter Youth Olympics concludes with celebration of athletic feats

The fourth Winter Youth Olympics concluded in eastern South Korea on Thursday with a celebration of the feats accomplished by teenage athletes over the past two weeks. The closing ceremony began at 8 p.m. Thursday under the theme, "Shine Again" at the open plaza in front of Gangneung Hockey Centre in Gangneung. A highlight video of the 14-day competition was shown on the main screen, and rapper Lee Young-ji and dancing group 1Million performed for the athletes and spectators. The two-w

CultureFeb. 2, 2024

[Photo News] Digital transformation in finance

Shinhan Financial Group Chairman Jin Ok-dong (center) attends a discussion session with employees to talk about the group’s efforts for digital transformation at the headquarters in central Seoul on Wednesday. Top executives and working-level engineers specialized in artificial intelligence and data analysis joined the event to share the latest digital trends in the financial market and Shinhan’s future strategy. “Each of you should become a ‘business designer’ to

EconomyFeb. 1, 2024

[Photo News] Cry for compensation

Petitions submitted by investors reeling from losses due to Hong Kong-tied derivatives are laid out at the National Assembly in Seoul on Tuesday. A group of investors held a protest, calling for compensation for their losses and accusing banks of misleading them. The principal losses from the financial product are estimated to reach 6 trillion won ($4.5 billion) in the first half of this year. (Yonhap)

MarketJan. 30, 2024

[Photo News] Coal for heat

Shinhan Financial Group Chairman Jin Ok-dong (center) and other company officials deliver coal briquettes to low-income households in Seodaemun-gu, northern Seoul, Thursday. The financial giant raised donations of 200 million won ($150,000), with some 150 million won coming from employees. The fund will be used to provide heat supplies through a local charity. (Shinhan Financial Group)

IndustryJan. 28, 2024