Hana Financial Group opened a new childcare center in the southern county of Chilgok, North Gyeongsang Province, Friday. The new opening is part of the financial giant’s ongoing 100 Childcare Centers Initiative, which aims to help tackle the nation’s declining birth rate while enhancing social responsibility activities in collaboration with the local economy. The latest Waegwan Hana Childcare Center marks the 64th of such facilities established since 2018, with 150 billion won ($112

Social Affairs April 30, 2023

South Korean industrial giant Doosan Corp. is set to expand its presence in the North American market through a strategic partnership with Rockwell Automation, the preeminent industrial automation solutions provider in the US. Doosan said Sunday its robotics unit, Doosan Robotics, and Rockwell signed a memorandum of understanding in Washington last Tuesday in commemoration of the 70th anniversary of the Korea-US alliance. Under the agreement, Doosan will exclusively supply collaborative robots,

Industry April 30, 2023

Nexon's iconic MMORPG, MapleStory, is commemorating its 20th anniversary this year with an array of virtual and real-world celebrations. First launched in 2003, the 2D side-scrolling game quickly amassed players of all ages thanks to its inviting visuals and straightforward gameplay. Nexon said that "MapleStory has long been loved for its series of well-received content updates." Significant updates include 2011's "Legend," which achieved a record 626,000 concurre

Companies April 27, 2023

Sohn Kyung-shik, chairman of the Korea Enterprises Federation, met with the Heritage Foundation President Kevin Roberts on Tuesday in Washington, DC, on the sidelines of President Yoon Suk Yeol’s US visit this week. The two leaders discussed a range of topics, especially labor reforms, according to the KEF, one of the six business lobby groups in the delegation. "Labor reform is a must, not a choice," Sohn was quoted as saying in the press release. Pointing to the US as a mode

Politics April 26, 2023

The Public Procurement Service is gearing up to host the Korea Public Procurement Expo 2023, an annual event which will serve as a platform for companies to showcase their products and technologies and broaden their global footprint in the aftermath of the COVID-19 pandemic. “The 23rd Korea Public Procurement Expo boasts the largest-ever turnout with over 560 companies and upwards of 1,000 booths,” PPS administrator Lee Jong-Wook said in an interview with The Korea Herald. The Public

Industry April 25, 2023

LG Innotek announced Monday it won the 2023 Edison Award in the commercial technology category for its ultrathin Nexlim magnetic component, which plays a crucial role in developing slim high-definition TVs. The world's thinnest magnetic component is used in TV power modules and vehicle chargers for voltage regulation and signal filtering. It improves energy efficiency in electronics and electric vehicles by reducing heat-induced power loss. LG Innotek started related research in 2017 as it

Industry April 24, 2023

The 2023 Easter Parade is returning to Gwanghwamun Square in Seoul on Sunday for the first time in three years, prompting the city to enforce traffic control in the vicinity. Organized by the National Council of Churches in Korea, the parade will take place from 1:30 p.m. to 5:30 p.m., followed by a concert from 5:30 p.m. to 8 p.m. Visitors can enjoy a range of activities such as a stamp tour; calligraphy; old-fashioned children's games that used to be played in neighborhood alleys such as

Social Affairs April 7, 2023

A group of middle school students in Sejong City has been accused of repeatedly assaulting and robbing a classmate to finance their online gambling. The gang reportedly stole amounts between 2,000 to 20,000 won from the victim on 20 occasions between December and the end of March. Two of the accused students sent threatening messages demanding money from the victim. The victim's parents claim their son was coerced into providing his bank account number, which the alleged bullies used to rec

Social Affairs April 7, 2023