Hyundai Card says it has ‘no plan’ for IPO

Fubon-backed Hyundai Card said Sept. 15 that it has “no plan” to carry out an initial public offering, despite heated market anticipation for the firm’s market debut over the last two years. “We do not have a plan to carry out an IPO,” a Hyundai Card official told The Korea Herald. "Regarding the Fubon-Affinity deal, it was made without an IPO in mind, it was a different alternative." The credit card firm was under an IPO mandate stipulated in a contrac

Cyworld, Hancom form strategic partnership

Cyworld, the once-popular social networking service, signed a strategic partnership with Hancom, an office suite software developer in South Korea, according to both companies on Sept. 15. The partnership comes as Cyworld gears up to jump into the market with its metaverse-powered service Cyworld Z. The metaverse refers to a virtual world in which individuals can interact as avatars through different kinds of virtual technology such as augmented reality and virtual reality. The partnership ta

S. Korea’s tax chief seeks cooperation with Denmark, Hungary

South Korea’s tax chief met his counterparts in Denmark and Hungary to strengthen cooperation with the European agencies and discuss the future of electronic tax administration systems in the post-pandemic era, officials said Sept. 15. National Tax Service Commissioner Kim Dae-ji held a bilateral meeting with Merete Agergaard, chief of the Danish tax agency in Copenhagen, and a separate meeting in Budapest with his Hungarian counterpart, Vagujhelyi Ferenc, during his trip earlier this mon

[Defector’s eye 2] N. Korean street kid‘s second chapter in Seoul: startup CEO

　　This is the second installment in a series of articles on North Korean defectors in transition, and the challenges and opportunities they encounter in the face of South Korea’s financial market and its rapid digitalization. -- Ed. 　For someone who came from an isolated and repressive state like North Korea, starting a business of their own in a free but competitive market is a mere dream. 　No matter how great their ideas are, a lack of business network, insufficient funds and immense

Design at heart of Samsung’s evolution to better satisfy consumers: exec

Samsung‘s chief designer on firm’s recent design feats, human-centric approach to post-pandemic era

T1 Teddy ready to compete at Worlds 2021

T1’s bot-laner Park “Teddy” Jin-sung is ready to give his all at the prestigious League of Legends’ world championship. After his latest appearance at the LoL Champions Korea summer season finals on Aug. 28, Teddy, 23, says he feels both mentally and physically prepared for the big stage. “After securing the spot in the group stage of Worlds 2021 as third seed, a short vacation was given to the players. With the extended COVID-19 pandemic, I was able to relax and

Carving out a place for Korea in new global trade order

New Trade Minister Yeo Han-koo envisions pragmatic approach to bring real impact to local economy, eyes leadership role in rebuilding of multilateralism

Homegrown rocket may be ticket to join new space order

KAI executive overseeing Nuri project on what October success means for Korea

Four-member households continue to dwindle in Korea

Proportion of ‘typical-sized’ families declines to under 15% in a decade

New types of digital archives on the rise to help broaden public access

More sophisticated solutions needed to improve user interface and enhance accuracy in building digital archive platforms

Tally for discouraged workers up 50,000 on-year

Korea 27th of 33 OECD members in employment for people aged 25-54

Tycoons unite for hydrogen future

Hyundai Motor, SK, Posco, 12 others join forces to launch Korea H2 Business Summit