(From left) Lee Jane, president of the Korea Women Startup Forum, Kim Sang-kyung, chairperson of the Korea Network of Women in Finance, EU Ambassador to Korea Maria Castillo-Fernandez, Sohn Byung-doo, chairman and CEO of the Korea Exchange, Kwon Choon-taek, secretary-general of the UN Global Compact Network Korea, Lee Bok-sil, president of the Women Corporate Directors Korea, and British Ambassad...

The US government has formally exempted South Korea from its expanded export restrictions on Russia over its invasion of Ukraine, the Ministry of Trade, Industry and Energy said on Tuesday. The US Department of Commerce added Korea to the list of countries to be excluded from license requirements, including from the foreign direct product (FDP) rules for Russia and Belarus. Also on the list are...

Big data platform company DataStreams Corp. said Monday it launched an online academy and appointed instructors last week to deliver the firm’s big data and data governance knowledge to its staff, partners, students and the public. DS Academy will offer 57 lectures in nine courses on products, consulting, big data infrastructure, data integration using the company’s data fabric solution TeraONE,...

Citibank Korea runs a number of programs that contribute to Korean society based on three principles -- employee participation, long-term commitment and leading activity. The bank does not simply deliver donations but also makes contributions to drive real change by partnering with nonprofit organizations to plan programs and giving them long-term support. It also encourages employees to volunta...

FACO plans to digitalize artworks, auction and sell them globally through BIZA-UVIT. GMAEA will use AMAXG’s two-way artificial intelligence education platform named BIZA-Metaversity, BIZA-UVIT and a decentralized person-to-person shopping mall called BIZA Empire Mall. “AMAXG is securing the world’s only original technology that enables building big data and linking AI using blockchain,” said Ch...

The Korea Herald is publishing a series of special reports on the glass ceiling in the financial industry, focusing on South Korea’s market compared to other major economies. Funded by The Korea Press Foundation, the series will evaluate where Asia’s fourth-largest economy stands in terms of gender equality, reflect on changes being made, and explore ways to boost inclusion in the sector. This is...

Togo Communication, a local PR agency based in Seoul, will hire new employees by conducting video interviews online as part of efforts to participate in nationwide campaign to contain COVID-19 virus, the company said Thursday. The agency will continue so-called “untact” job interviews with applicants for internships and accountant executive posts, until the government declares an end of the pand...

The freshly revamped Sonata by Hyundai Motor was named the best sedan at a motor show held in Saudi Arabia last week, raising prospects for its sales performance in the Middle East. In a vote by a group of auto journalists in the country Sonata won high scores in overall categories that examined the sedan’s design, safety technology and entertainment features, the company said. The result came ...

Naver Financial, a financial platform by South Korean internet giant Naver, has attracted an investment of about 800 billion won ($683 million) from its financial partner Mirae Asset, the company said in a regulatory filing on Friday. The investment will secure a stable financial structure for Naver Financial and forge a partnership between the two to take the lead in the country’s emerging “tec...

Hyundai Motor said Friday it has delivered the first batch of 20 Ioniq EVs to Indonesia, entering the ride-hailing market in the Southeast Asian country in partnership with Grab. The South Korean carmaker and Grab will operate ride-hailing services in Jakarta with the electric version of the compact starting early next year. They plan to expand the number of vehicles in operation by the end of t...

The number of all-new K5 preorders has set a fresh record of more than 16,000 units sold in just three weeks, Kia Motors said Thursday as it launched the third-generation of the popular sedan officially on the same day. The number of preorders the K5 received is the highest among vehicles launched under the Kia marque, the company said. “Of all customers who preordered the K5, 53 percent of them...

Hanwha Group named Lee Tae-kil, executive vice president of the group’s compliance committee, as the head of its communications committee in an annual executive reshuffle, officials said Thursday. Lee replaces President Choi Sun-mok, who moves to the committee’s advisory board. After joining Hanwha Chemical in 1991, Lee climbed the corporate ladder by building his career in compliance and commu...

An envisioned joint venture between Posco Energy and US-based FuelCell Energy is making little progress due to mutual differences, an industry insider said Wednesday. The energy unit of steel giant Posco produces molten carbonate fuel cell -- dubbed a second-generation technology -- with technology transferred from the US company. FuelCell Energy CEO Jason Few was in Seoul to discuss the JV pro...

MALAGA, Spain -- It may be difficult to have it all, but Mercedes-Benz’s new compact SUV lineup of the GLB has certainly tried its very best. It’s a luxury family car with enough spacious cabin room for a third row of seats. It has strong and adaptive suspension and an intelligent four-wheel system that increases driving pleasure even on curvy, steep and inclined mountain roads. Above all, the ...

More than a half of new cars manufactured by South Korean carmakers Hyundai and Kia sold in US were sport utility vehicles, reaching the highest mark since they launched operations in the world’s second-largest auto market, the companies said Sunday. Of the 1.2 million vehicles Hyundai and its smaller affiliate Kia sold as of November, 668,328 units or 55.4 percent of the total were SUV, from 30...