Articles by Park Ga-young
Park Ga-young
gypark@heraldcorp.com-
Murals take shots at presidential candidates in ‘Art Battle’
The wall of a secondhand bookstore that enjoyed brief media attention in July for its politically provocative murals has generated yet more controversy this week, when a new painting by the artist Tanksy appeared, depicting the various scandals of the Democratic Party of Korea’s presidential candidate Lee Jae-myung. In what has been described by organizers as an “art battle,” Tanksy’s participation lifted a wooden panel covering a mural by graffiti artist Ninbolt, whic
Culture Dec. 2, 2021
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Buddhist sect threatens legal action against Culture Ministry’s carol campaign
A campaign to promote carols in the holiday season launched jointly by the Ministry of Culture, Sports and Tourism and major Protestant and Catholic organizations was met by strong opposition from the country’s largest Buddhist sect on Wednesday, which said it could take legal action to stop it. The Jogye Order of Korean Buddhism on Wednesday told The Korea Herald that it is “deeply shocked” by the campaign to promote carols by the government and public organizations and is
Culture Dec. 1, 2021
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New CEO takes helm at LG Arts Center
LG Arts Center’s new CEO Lee Hyun-jung officially took the reins of the cultural institution Wednesday. The 50-year-old Lee replaces Sim Woo-seob. Her appointment was announced in the annual reshuffling of conglomerate LG Group’s executives last week. Lee joined LG Arts Center, operated by LG’s nonprofit organization LG Yonam Cultural Foundation, in 1996 as the group was gearing up to launch the cultural complex and served as the head of programming for 22 years. Lee play
People Dec. 1, 2021
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[Newsmaker] Cardinal Yeom retires after 10 years of service
Cardinal Andrew Yeom Soo-jung on Tuesday retired as the Catholic archbishop of Seoul, after some 10 years of service in the post. Yeom, who also held the post of apostolic administrator of the diocese, Pyongyang of North Korea, will soon leave Myeongdong Cathedral and move to Bishop’s Hall at the Catholic University of Korea Songsin Campus in Seoul where many of the country’s priests are educated. “Even after I leave the diocese, I will be grateful for every moment and pra
People Nov. 30, 2021
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Asia Culture Center aims to become a familiar face to local population after revamping
The Asia Culture Center, located in the old center of Gwangju, has developed a reputation as having a strength in experimental arts, but it aims to become a more familiar face to the local population and everyday visitors after a reorganization, the acting chairman of the center said Wednesday. Having opened six years ago this month, the multicultural complex has attracted 11.26 million visitors during its short lifespan despite spending two years of its short lifespan dealing with the COVID-1
Culture Nov. 27, 2021
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Blue Square: Space behind Korea’s musical boom
In 2011, when a sprawling 29,492-square-meter, eight-story building opened its doors near Itaewon, Seoul’s vibrant nightlife district, not many could have imagined what was in store for Korea’s musical scene. Fast forward to a decade later, the building, Blue Square, has welcomed more than 10 million visitors coming to see 7,743 performances of 1,031 musicals, according to Interpark Group, which operates a major ticketing platform. Interpark built and runs the cultural complex, whi
Performance Nov. 27, 2021
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Russian conductor Gergiev to present power of music
Russian conductor Valery Gergiev is to present two unique performances Wednesday in Seoul, returning to the city for the first time in two years. “We were told only two or three weeks ago that we could visit South Korea and I’m thrilled that this performance can happen in the midst of the pandemic situation,” Gergiev, one of the world’s most celebrated conductors, told reporters in a press conference Tuesday. The 68-year-old energetic conductor will present two diff
Performance Nov. 23, 2021
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Wemade founder joins game billionaire list
Park Kwan-ho, the chairman of game developer Wemade, joined South Korea’s game billionaires last week as the company’s valuation soared following the growing popularity of its new game, which is based on the blockchain technology. Park, 49, saw his stock value reaching 3.3 trillion won ($2.77 billion) as of Thursday, which makes him the 10th richest man among individuals owning stocks in domestic listed companies, according to local market data provider FnGuide. Park, the largest
Market Nov. 21, 2021
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Absence of cryptocurrency funds puts investors in danger: Hashed CEO
An absence of funds that consist of cryptocurrencies has put individual investors in danger, blockchain industry-focused investment firm Hashed founder and CEO Simon Kim said Wednesday. “I believe this current situation of not being able to establish a cryptocurrency fund despite its popularity and high transaction volume is abnormal and contributes to market distortion,” Kim said. Kim added that the cryptocurrency market, whose transaction volume sometimes exceeds that of the
Market Nov. 18, 2021
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Fractional trading of overseas stocks to expand soon
Fractional share trading of overseas stocks is expected to be in full swing by the end of the year, according to the Korea Securities Depository on Monday. The KSD said it has completed a system that supports fractional share trading for 20 brokerages after it was designated by the Financial Services Commission, the country’s financial regulator, as an innovative financial service in a sandbox program last week. In a fractional transaction, when an investor orders to buy less than one
Market Nov. 15, 2021
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Kakao Pay in red over rise in expenses
Kakao Pay said Wednesday that it logged a net loss in the third quarter due to increased expenses and investments. The company’s third-quarter revenue rose 73 percent on-year to 331.2 billion won ($280 million) on the growth of transaction volume and financial business. With an operating loss of 1.01 billion won, however, its net loss came to 1.8 billion won in the July-September period, data from the company showed. Kakao Pay, the financial technology arm of mobile giant Kakao Corp.
Market Nov. 10, 2021
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Korbit adopts P2E scheme to upgrade metaverse platform
Korbit, a local cryptocurrency exchange, said Monday that it adopted a “play to earn” scheme as part of efforts to upgrade its nascent metaverse platform. Play to Earn, commonly known as P2E, is a system in which players can gain rewards for playing games within the platform. Korbit’s attempt to incorporate P2E is a move meant to attract not only cryptocurrency traders, but also to reflect growing interest in the metaverse. “In Korbit Town, people without any exposur
Market Nov. 8, 2021
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Why are NFTs more disruptive than cryptocurrencies?
Nonfungible tokens, otherwise known as NFTs, are more disruptive than cryptocurrencies because of its potential to be applied to a plethora of sectors, blockchain experts said last week. “At the moment, the cryptocurrency market, which is a fungible market, outscales the NFT market, but the cryptocurrency market still falls within the realm of conventional finance. On the other hand, NFTs present an unlimited potential to expand beyond existing conceptions of financial assets,” Kim
Market Nov. 7, 2021
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With assessment of NFTs done, financial companies actively seek opportunites
Rather than discussing the question of whether non-fungible tokens are a fad, traditional financial institutions are instead asking how they can be incorporated within their business models, according to speakers from major financial firms who gathered at a three-day conference on NFTs. The tokens are digital counterparts of real-world assets, largely visual art and music. More importantly, each NFT is unique, with ownership being traced and protected through blockchain technology. Given that
Market Nov. 6, 2021
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Desire for digital interaction defines where finance is headed: KakaoBank CEO
Human desire for constant, convenient and unique interactions in digital spaces defines where the future of finance, as well as KakaoBank, is headed, the CEO of South Korea’s largest online lender said Wednesday. “People say the ‘uncontact’ phenomenon has triggered digitalization of industries under the pandemic, but they still love to contact, they just want to do it in a digital space. And we are going to see how such human desire will reshape the future of industrie
Market Nov. 4, 2021
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