The Korea Exchange is seeking to encourage local listed companies to disclose their mandatory financial information in English by the end of this year, officials of the country’s stock market operator said Monday. Korea Exchange's headquarters in Seoul (Yonhap) This plan is in line with efforts for the Korean stock market to be classified as an “advanced market” in the Morgan Stanley Capital In...

Daewoo Shipbuilding & Marine Engineering is expected to issue additional new shares worth 600 billion won ($507 million) this year, as part of efforts to improve its capital base, according to the listed shipbuilder’s main creditor Korea Development Bank on Monday. Shipyard of Daewoo Shipbuilding (Yonhap) The new share issuances will most likely be allotted to the state-run creditor bank and th...

The Ministry of Finance and Strategy has enforced a disciplinary measure against 57 employees of the Export-Import Bank of Korea for extending bad loans to Moneual and causing losses for the state-run bank, according to Korea Eximbank on Wednesday. “The bank’s internal auditors have been notified of the measure by the Finance Ministry against those employees, and the bank is following necessary ...

Logen Logistics, a privately held package delivery company, is expected to open preemptive bids from potential buyers on March 17, according to news reports. Corporate logo of Logen Logistics (Logen) Shuttle Korea Holdings, a wholly owned investment firm of Hong Kong-based Baring Private Equity Asia, has a 100 percent stake in Logen, according to an audit filing. J.P. Morgan is Baring Private E...

Four months into his new job as the general manager of Grand Hyatt Incheon, Adam Myott is trying to learn everything he can about Korea -- its language, people, food. Adam Myott, Grand Hyatt Incheon general manager Coming to Korea for the first time from Australia, the 51-year-old Hyatt executive said it was always a challenge when relocating to a new place with a different culture, people and ...

A team of professional Korean alpine skiers began their downhill and Super-G training last week for the 2018 PyeongChang Winter Olympics following the International Ski Federation Ski World Cup held on Feb. 6-7 at the Jeongseon Alpine Centre. International alpine ski racers practice at the Jeongseon Alpine Centre ahead of the 2016 FIS Ski World Cup early this month. (2018 PyeongChang Olympics Or...

He’s no stranger to Seoul, but that didn’t stop British artist Mika from drawing in thousands on Friday night, performing at a sold-out concert in Seoul as part his three-day South Korean “Heaven” tour. British singer-songwriter Mika performs at a concert in Seoul last Friday. (Yonhap) The singer songwriter lit up Jamsil Arena with sparkles, sequins and confetti in his return to Seoul for the f...

Ritz-Carlton offers Spring Festival package The Ritz-Carlton, Seoul is presenting the “New Year’s Prestige Getaway” package in celebration of the Spring Festival, China’s most important public holiday. The package is available from Feb. 1-18. Available to guests staying for two or more nights during the promotion period, the package includes buffet breakfast at The Garden and dinner at Oksan Bu...

With Lunar New Year upon us, there is no escaping the elbow-to-elbow crowds that flood the nation’s train stations as millions of locals travel out of the cities to reunite with their loved ones. While long lines at ticket booths are not surprising, over the past few years, a new food culture of has also developed there, with long lines at food places have also started appearing in train station...

INCHEON -- On the 12th floor of Grand Hyatt Incheon, guests can get a panoramic view of Incheon International Airport from the lounge and a line of airplanes taking off and landing down on its runway. It is somewhat hard to resist peeking out the window at the Boeing 777s or Airbus A350s coming and going every 5-10 minutes against the beautiful skyline in the background in this quiet and tranqui...

Sentinel has appointed Hong Jung-gi, professor at Kookmin University’s College of Physical Education, as its health advisor, the provider of high-functional and intensive crossfit and boot camp training services said. Hong Jung-gi (Emerson K) Hong, who used to be a professional weight lifter, will be providing his expertise in three areas -- educate Sentinel’s crossfit and boot camp coaches; de...

The Culture Ministry has accepted the resignation of Bang Suk-ho, president & CEO of Arirang TV, Korea’s state-run English satellite and cable broadcaster. Bang submitted his resignation to the ministry on Monday after local media reported allegations of misuse of the company funds during his overseas trips last year. The ministry will continue its probe into the allegations, which began late Mo...

Set in 1930s and 40s Korea, two young writers in their 20s seek to change the world in their own way in director Lee Joon-ik’s new biographic film “Dong-ju.” The period was one of despair and turmoil in Korea, whose spirit and culture had been suppressed by Japan. A scene from “Dong-ju,” starring Kang Ha-neul as poet Yun Dong-ju. (Megabox PlusM) Warm-hearted, passive but logical Yun Dong-ju wa...

It is safe to say that Lee Joon-ik is one of Korea’s foremost film directors of all time. His body of work explains it all with a string of hits such as “Once Upon a Time in a Battlefield,” “King and the Clown” and “The Throne.” Director Lee Joon-ik at a cafe in Buam-dong, Seoul, last Saturday. (Park Hyong-ki/The Korea Herald) Some film critics label Lee a “master filmmaker of period movies,” ...