Companies fret over new industrial accident law

Vague terms, “excessive penalty” targeting CEOs leave companies worried

Banking groups beef up auto financing to lure young drivers

South Korea’s banking groups have started upgrading their auto loan and financing services to the next level this year, aiming to go beyond their traditional business to attract mobile-first customers. KB Financial Group, the nation’s No. 1 banking group by total assets, has expanded its car financing services offered via online and mobile platforms, mostly through its leasing and installment financing unit KB Capital. On Jan. 4, KB Capital signed a deal with Volvo’s electri

LG Energy Solution, GM to build 3rd EV battery plant in US

LG Energy Solution and General Motors said Wednesday they will invest $2.6 billion to build their third electric vehicle battery manufacturing plant in the US. The facility will be located in Lansing, Michigan. The factory will begin mass production in early 2025 and produce 50 gigawatt-hours of EV batteries per year once fully operational, which is enough to power 700,000 EVs that can travel more than 500 kilometers on a single charge. The investment is expected to create 1,700 new jobs. At

[Korea Chips Act 2] New law to fuel chipmakers’ competition for high school talent

This is the second installment of a two-part series on Korea’s Chips Act and controversies surrounding a law meant to support the local chip industry amid heated competition around the world. -- Ed. To tackle a chronic workforce shortage in the domestic chips industry, Korean semiconductor giants Samsung Electronics and SK hynix have been ramping up efforts to acquire talents even before they become adults. Under a new law, a Korean equivalent to the CHIPS for America Act, chipmakers are

Artist commemorates independent corner stores

Memorializing Korea’s disappearing mom-and-pop shops gives artist courage to carry on and grow old

Korea’s first professor for influencers: Find your own attractiveness and they will follow you

Self-assessment of one‘s attractive qualities is a critical step to becoming a successful influencer, according to Ryo Chu-hyeop, a 36-year old YouTuber and South Korea’s first professor of “influencer affairs.” In order to make other people follow you online, aspiring influencers need to ruminate on their own ideas and thoughts and what kind of attributes they have to attract others. “Attractiveness does not necessarily mean (physical) beauty. It can be somet

Royal Salute heritage reinterpreted with Richard Quinn's design

Pernod Ricard’s Royal Salute 21 Year Old is British to the core. Created to mark the coronation of Queen Elizabeth II, Royal Salute’s every detail from its tasting note to the bottle design is dedicated to being British.  In that context, Royal Salute’s latest collaboration with London-based fashion designer Richard Quinn is more than just a collaboration between the two British icons.  Quinn captivated the British fashion scene after becoming the first recipient

Bringing Korean content to the world

LTI Korea expands its scope to translating all Korean-language content, not just literature

Omicron dominant in South Korea

Outbreak among staff grips Health Ministry

Campaign merger? What it is and why it matters

Unification of candidates has always been hot-button issue in Korean presidential elections

Can Yoon Suk-yeol win on his own?

Polls offer hope, but concerns remain

Minor opposition candidates level criticism at Lee, Yoon

As the presidential election draws nearer, minor opposition candidates Ahn Cheol-soo and Sim Sang-jung are dishing out criticism against major candidates Lee Jae-myung and Yoon Suk-yeol, in apparent efforts to bring up their own support ratings. In a meeting with his supporters Saturday, Ahn Cheol-soo, the candidate for the People’s Party, criticized the phone call scandals related to Lee and Yoon in an effort to stress his lack of a “family risk.” “(This election) i