The Korea Herald

Time 2020-06-22 23:02:48

Web Name: The Korea Herald

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NK readies to drop 12 million anti-Seoul leaflets North Korea North Korea is reinstalling propaganda loudspeakers along the inter-Korean border and preparing to drop 12 million anti-Seoul leaflets here, amid escalating tensions on the Korean Peninsula since the North demolished a joint liaison office. South Korea s military said the North appears to be setting up loudspeakers in multiple places inside the Demilitarized Zone dividing the two Koreas. Both Koreas dismantled their propaganda loudspeakers in May 2018 after agreeing to st Hyundai Motor, LG Group chiefs discuss future battery biz Transport Hyundai Motor Group Executive Vice Chairman Chung Euisun and LG Group Chairman Koo Kwang-mo met Monday and discussed further partnerships over future battery business, the firms said. Chung visited LG Chem s EV battery production site located in Cheongju, North Chungcheong Province on Monday morning. It was the first official meeting between the two tycoons. Chung was accompanied by Hyundai Motor Group s R D President Albert Biermann, President Seo Bo-shin, who is in charge of With online banks rising, financial giants gear up for digital transformation Money The prolonged COVID-19 pandemic has taken its toll on domestic banks this year, with lower interest rate margins and enhanced loan regulations. The key challenge, however, is not the tangible loss so far, but rather the forthcoming competition in the digital arena -- where conventional financial firms find themselves overrun by big tech rivals. Racing against the the clock, the conventional financial industry is now scrambling to grab the digital initiative, in line with the ongoing deregu NEWSMAKER Culture Ministry denies plans to ask UNESCO to delist Hashima Island Culture The Ministry of Culture, Sports and Tourism on Sunday denied reports that it had planned to officially ask UNESCO to delist Japan s historical industrial sites, including Hashima Island. In 2015, Japan had promised the center would include information on the Koreans who were forced to work at the site during that country s 1910-45 colonial rule over Korea. Although it denied plans to take any immediate official action, the Culture Ministry added that it was currently discussing th Culture A home transformed into a shared office for NPOs Social affairs Yongsan-gu installs screens in public restrooms to prevent sex crimes Arts&Design Lee Ungno Museum remembers underappreciated Korean modern artist Theater Gugak performed against backdrop of Korean calligraphy show Television Portrayal of LGTBQ characters slowly evolves in K-dramas Culture A frosty summer companion to beat the heat Film ‘The Shaman Sorceress’ wins at Annecy animation fest Film Korean films hope to repeat Cannes success in 2020 Cannes Film Market Korea to allow conglomerates to own startup VCs Startups & Investors South Korea is reportedly working on relaxing financial regulations to allow conglomerates to own venture capital firms for boosting the startup ecosystem, according to news reports on June 22. The government is also preparing measures to prevent side effects that could stem from deep-pocketed businesses owning such investment firms. A working group that will be formed by different ministries and government agencies, including the Ministry of Economy and Finance, Fair Trade Commission and t SK Biopharm likely to join Kospi 200 in September: analysts Bio & Medicine South Korean drug developer SK Biopharmaceuticals is likely to get an early admission to join the Kospi 200 -- a basket of top 200 blue-chip stocks of the nation s benchmark index Kospi -- possibly only two months after its planned market debut in July, according to local analysts on June 22. If a newly listed stock s market cap reaches the top 50 in the market, the firm s stock is qualified to join the league of 200 blue-chip stocks even before the bourse operator announces Mirae Asset proves global leadership through successful financial product exports Finance Mirae Asset Global Investments, the asset management unit of Mirae Asset Financial Group, said on June 19 that it has been marking its growth in the global financial market by selling over 1,700 financial products in 36 countries around the globe. Since establishing the first South Korean asset management subsidiary in Hong Kong in 2003, it has expanded its overseas business to India, US, UK and Brazil. On the back of such preemptive action, the company s operating assets marked over 7 Mr. Pizza to invite bids for controlling stake Deals MP Group, the South Korean company that controls pizza restaurant franchise Mr. Pizza and coffee chain Manoffin, is seeking to sell a controlling stake through an open bidding process, its announcement showed on June 17. Up for grabs will be a 48.92 percent stake in MP Group by founder and ex-chairman Jung Woo-hyun and owner families, as well as an undisclosed amount of new shares worth at least 20 billion won ($16.43 million). Proposals from potential buyers will be accepted until 5 p.m. on ‘Korea demonstrated global citizenship in times of COVID-19, but there’s room for improvement’: APCEIU chief Social affairs South Korea has demonstrated leading global citizenship since the outbreak of the COVID-19 pandemic, but has also been reminded of its shortcomings on cultural diversity, said Lim Hyun-mook, the Director of Asia-Pacific Centre of Education for International Understanding. I think that the Republic of Korea has much to be improved with respect to cultural diversity. As we saw in the recent case of some visitors to Itaewon establishments who tested positive for COVID-19, Korean society s Former combined forces No. 2 defends 2018 military pact with North North Korea Kim Byung-joo, former deputy commander of the ROK-US Combined Forces Command, said South Korea should manage military tensions to prevent them from getting out of control, while remaining on guard against aggression from North Korea. Despite the North s escalating threats to undo all the progress both sides have made toward peace and reconciliation, Seoul should continue to honor its agreements with Pyongyang, he added. Returning to confrontation would further jeopardize the sa Spinning cord blood into stem cell therapies Industry Doctor, entrepreneur of Medipost looks back on 20 years of business ‘Protest louder about Japan’s breaking of UNESCO promise’ Foreign affairs Yuji Hosaka says there is enough evidence that Korean workers were brought against their will to Battleship Island and forced to work under harsh conditions A frosty summer companion to beat the heat S. Korea introduces QR entry log system A home transformed into a shared office for NPOs A walk through K-pop paradise: SMTown and K-Star Road COVID-19 pandemic ushers in new ways of exploring art in Seoul ‘Seven years on, refugee protection in S. Korea in retreat’ Social affairs Nkuka Lulendo and his family stepped on South Korean soil after a long, grueling 10 months of being trapped inside Incheon International Airport s transit zone in October last year. But it was only the beginning of their journey to win refugee status. Our hopes and dreams today are that we want the government to acknowledge us and give us refugee status, Lulendo said in French during an interview with The Korea Herald. We want a good education for our children, we a 1 in 7 Koreans de facto jobless since March Economy Number of ‘extended-based’ unemployed up 1 million since Jan. 1 Succession gets tougher, or less appealing, for chaebol Industry Shareholders, regulators become stricter while family stakes shrink COVID-19 reshapes global autonomous driving tech landscape Transport Non-US firms close gap with Silicon Valley while rivals sit idle due to pandemic

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The Korea Herald is South Korea’s largest English-language daily and the country’s sole member of the Asia News Network (ANN).

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