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

TV debates, where the ‘real battle’ takes place

Parties lock horns over when to hold TV debates, unwilling to yield to conditions that may not favor their candidates

Netflix's 'All of Us Are Dead' brings a different class of zombie

For 51-year-old director Lee Jae-kyoo of Netflix’s “All of Us Are Dead,” adapting a classic zombie webtoon was a high-pressure project, but he was certain that the thriller would entertain viewers with its fascinating storyline and heart-pounding action sequences. “I would be lying if I said I felt no pressure in reproducing the legendary webtoon into a 12-part Netflix series. However, I consulted with author Joo Dong-geun numerous times to create the series and I am ex

Artist commemorates independent corner stores

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

Samsung outpaces Intel in chip sales

After record year with chips, Samsung to navigate uncertainties in 2022