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SC Bank Korea offers special rate for new customers

Standard Chartered Bank Korea said Tuesday it will offer special interest rates of up to 3.5 percent for as long as 60 days to first-time SC customers who deposit 30 million won ($21,800) or more, up to 2 billion won, in money market deposit accounts. Money market deposit accounts pay interest based on the daily account balance. The bigger the deposit, the higher the interest. The promotional rate is offered to first...

South-korea , Korea , Sc-bank-korea , Standard-chartered-bank-korea , Bae-soon-chang , The-korea-herald , Orean-news , Oreaherald , Outh-korea-news , Outh-korea-news-in-english , Sia-news

AmCham seminar explores Korea's potential as regional business hub

The American Chamber of Commerce in Korea hosted the sixth Doing Business in Korea seminar on Tuesday to explore strategies for bolstering Korea’s competitiveness as a regional business hub in the Asia-Pacific region. This year’s event was held at a Seoul hotel, drawing participation from officials and policymakers from the Korean and US governments, as well as representatives from domestic and foreign co...

South-korea , United-states , Seoul , Soult-ukpyolsi , American , Republic-of-korea , Korea , James-kim , Asia-pacific , Philip-goldberg , American-chamber , Doing-business

[Graphic News] Traffic deaths drop to record low

The number of traffic deaths in South Korea dropped to a record low of around 2,500 last year, nearly half the figure recorded a decade ago, data showed. A total of 2,551 people died from road accidents in 2023, a 6.7 percent decline from the 2,735 deaths recorded the previous year, according to the National Police Agency. It marks an 81 percent drop compared with 1991, when the death toll hit the highest at 13,429, ...

South-korea , National-police-agency , National-police , The-korea-herald , Orean-news , Oreaherald , Outh-korea-news , Outh-korea-news-in-english , Sia-news , K-pop , Pop

S. Korea's nanosatellite launched from New Zealand for satellite constellation project

A South Korean nanosatellite was launched into orbit as part of the nation's project to create a satellite constellation by 2027, officials said Wednesday. The Earth observation satellite lifted off aboard Rocket Lab's Electron rocket from a spaceport in Mahia, New Zealand, according to the Ministry of Science and ICT. The satellite, named NEONSAT-1, was deployed into space at an altitude of 520 kilometers,...

New-zealand , Mahia , New-zealand-general- , South-korea , Korea , Korea-advanced-institute-of-science , Ministry-of-science , Rocket-lab , Rocket-lab-electron , South-korean , New-space-earth-observation

N. Korea sends economic delegation to Iran amid suspected military cooperation

North Korea has sent an economic delegation to Iran, Pyongyang's state media reported Wednesday, a rare trip that raises suspicions of cooperation between the two nations over weapons programs. The delegation, headed by External Economic Relations Minister Yun Jong-ho, left Pyongyang the previous day to visit Iran, the Korean Central News Agency said in a one-sentence dispatch. It is rare for a ranking North Kor...

Iran , Kyiv , Kyyiv , Misto , Ukraine , North-korea , Khorramshahr , Khuzestan , Pyongyang , P-yongyang-si , Moscow , Moskva

Seoul shares open sharply higher on US stock gains

South Korean stocks opened stronger Wednesday as investors snapped up blue chips across the board following overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index climbed up 46.43 points, or 1.77 percent, to 2,669.45 in the first 15 minutes of trading. Overnight on Wall Street, the S&P 500 rose 1.2 percent and the tech-heavy Nasdaq jumped 1.59 percent, while the Dow Jones Industrial Avera...

South-korea , Seoul , Soult-ukpyolsi , Korea , South-korean , Lg-energy-solution , Samsung-electronics , Nasdaq , Korea-composite-stock-price-index , Wall-street , Dow-jones-industrial-average

Crypto mogul Kwon appeals against Montenegro court's extradition verdict

Montenegrin lawyers of disgraced South Korean crypto entrepreneur Do Kwon are struggling to have him extradited to his home country, not the United States, according to local news reports. Kwon's legal representatives in Montenegro appealed against the Podgorica High Court's recent ruling that found the conditions for his extradition to both South Korea and the US were met, local daily Vijesti reported on T...

Montenegro , United-states , South-korea , South-korean , Montenegrin , Podgorica-high-court , Montenegro-supreme-court , Supreme-court , Terraform-labs , The-korea-herald , Orean-news

KGC eyes broader customer base with Lim Young-woong

Korea Ginseng Corp., the leading manufacturer of ginseng products in the country, has launched a new promotional video featuring trot singer Lim Young-woong. Released on Wednesday, the video showcases a day in the life of Lim, from morning routines to exercise and singing practice. The video highlights the use of JungKwanJang, the company's premium red ginseng brand, portraying its products as essential for dail...

Seongsu , Soult-ukpyolsi , South-korea , Seoul , Korea , Korea-ginseng-corp , Youtube , Lim-young-woong , The-korea-herald , Orean-news , Oreaherald

Trade minister meets head of African trade bloc

Trade Minister Cheong In-kyo has met Wamkele Mene, the secretary general of the African Continental Free Trade Area, in Seoul and they discussed ways to expand economic ties, officials said. The AfCFTA, the largest trade bloc in Africa, officially came into force in January 2021. During the meeting, Cheong said the launch of the AfCFTA is significant considering the growing protectionism around the globe, Seoul'...

South-korea , Seoul , Soult-ukpyolsi , Tanzania , Morocco , Kenya , Trade-minister-cheong-in-kyo , Wamkele-mene , African-continental-free-trade-area , The-korea-herald , Orean-news

4 conglomerates see combined operating profit plunge 65% last year: report

Four major conglomerates saw their combined operating profit plunge 65 percent last year, hit by sluggish sales amid an economic slowdown, a report showed Wednesday. Some 306 affiliates of four conglomerates -- Samsung, SK, Hyundai Motor and LG -- posted a combined operating profit of 24.51 trillion won ($17.9 billion) in 2023, down from 71.91 trillion won a year earlier, according to the report by the Korea CXO Inst...

South-korea , Korea , Hyundai-motor-group , Samsung-electronics , Sk-group , Lg-group , Samsung-group , Samsung , Samsung-electronics-co , Hyundai-motor , The-korea-herald