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LG Chem considering closing down phthalic anhydride line in YeosuIndustryJun 21, 2020LG Chem Ltd. is considering shutting down its production line in the southeastern tip of the country due to oversupply, industry and company sources said Sunday. South Korea's No. 1 electric vehicle... -
Liquor sales in marts grow as drinking at home rises amid pandemicIndustryJun 21, 2020Liquor, which once lost ground to beer, soju and wine, is recently gaining popularity as people are enjoying drinking at home amid the pandemic, according to industry sources Sunday. E-mart said liq... -
LG, Samsung claim clothes refreshers can disinfect face masksTechnologyJun 20, 2020If used face masks could be disinfected, and then possibly reused, that would be a good thing for people suffering shortages of masks. South Korea's two largest electronics firms -- Samsung Electron... -
Tech firms support virus fight with mobile QR-code appsTechnologyJun 20, 2020Major South Korean tech firms are supporting the country's virus fight with their own smartphone applications for QR code-based registration, a scheme meant to stem further spread of the new coronavi... -
Mahindra in process of selling SsangYong Motor: sourcesTransportJun 20, 2020Indian carmaker Mahindra & Mahindra Ltd. is in the process of selling its South Korean unit SsangYong Motor Co. by picking a lead manager for a potential exit from the loss-making affiliate, industry... -
SK Biopharmaceuticals sets IPO price at $40BusinessJun 19, 2020SK Biopharmaceuticals, a novel drug research and development company specializing in the diseases pertaining to the central nervous system, has set its initial public offering price at 49,000 won ($... -
BMW Korea introduces electronic contract systemTransportJun 19, 2020BMW Korea said Friday it will introduce an electronic contract system, called the Digital Sales Platform, becoming the first foreign carmaker to do so here. According to the BMW Korea, the new syste... -
KT partners with Wonderful Platform on AI senior care servicesIndustryJun 19, 2020South Korea’s second-largest telecom firm KT said Friday it has signed a memorandum of understanding with an artificial intelligence solutions company Wonderful Platform to develop AI care services f... -
Duty-free stores offer huge discounts on luxury goodsRetailJun 19, 2020Duty-free stores are planning to offer huge discounts, including on luxury items, next week to clear out their inventory, following lackluster sales due to the COVID-19 pandemic. Shilla Duty Free sa... -
Medical AI company Vuno taps Japan through M3IndustryJun 19, 2020Medical artificial intelligence solution provider Vuno said Friday it plans to tap the Japanese market through Sony’s subsidiary M3. M3 is 33.9 percent owned by Sony and is Japan’s biggest medical d... -
Galaxy S20+ BTS Edition preorders close in 1 hourIndustryJun 19, 2020“I purple you,” Samsung Galaxy S20+ BTS Edition, is selling like hot cakes. Preorders for Samsung Electronics’ Galaxy S20+ 5G phone and wireless earphones Buds+ BTS Editions, garbed in the K-pop gro... -
Samsung heir checks out semiconductor businessTechnologyJun 19, 2020Samsung Electronics Vice Chairman Lee Jae-yong visited the company’s semiconductor headquarters in Hwaseong, Gyeonggi Province, to check on its operations, the tech giant said Friday. The heir appar... -
Psomagen, Cell Biotech sign MOU for microbiome bizIndustryJun 19, 2020US-based Psomagen and Korean probiotics company Cell Biotech said Friday they will jointly strive for big data-based microbiome research and commercialization. According to the memorandum of underst... -
SsangYong partners with China firm for exportsTransportJun 19, 2020SsangYong Motor Co. said Friday it has signed an initial agreement with Chinese carmaker Songuo Motors Co. to export its Tivoli sport utility vehicle. Under the basic agreement, SsangYong Motor will... -
Huawei inks partnership to support S. Korea's AI companiesIndustryJun 19, 2020The Korean unit of Chinese tech giant Huawei Technologies Co. on Friday signed a partnership deal to support South Korea's artificial intelligence (AI) businesses as it tries to expand its presence h...
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