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First military pact between S. Korea, Japan set to become history
Kang says decision to end military pact with Japan separate from S. Korea-U...
Key developments leading to S. Korea's decision to end information-sharing ...
South Korea pulls out of intel-sharing pact amid spat with Japan
S. Korea signs FTA with Britain, bracing for post-Brexit
[Graphic News] Over 50% of Seoul citizens watch TV or go online for weekday...
Top court to rule on ex-leader Park, Samsung heir Lee on Aug. 29
[Breaking] S. Korea to scrap military info-sharing pact with Japan
South Korea-US defense cost-sharing deal may begin mid-Sept.
[From the scene] Students angered by university admission allegations invol...

Today Industry

Posco starts overseas production of cathode materials in China

South Korean steelmaker Posco said Thursday that it has completed construction of a plant in China that will produce cathode materials for rechargeable batteries starting late this year. Under a joint venture with China’s Huayou Cobalt, Posco built the plant in Zhejiang province, capable of producing 5,000 tons of cathode materials per year. It is Posco’s first overseas plant for cathode material production, officials said. Posco holds 60 percent in the venture, with Huayou Cobalt ta

[Advertorial] Citibank Korea emphasizes social contribution through outreach activities

Citibank Korea said Thursday it has carried out two corporate outreach programs so far this year, participated by its executives and employees.In June, some 2,000 employees and their families participated in the 14th annual Global Community Day, a volunteer day celebrated by all Citibank units around the world. The following month some 1,700 employees and their families welcomed the 22nd annual Citi Building Hope and Home, visiting a Habitat for Humanity construction site in Cheonan, South Chung

Today
Industry
Dong-A Pharmaceutical promotes acne treatment gel

Dong-A Pharmaceutical said Thursday its pharmaceutical product for acne treatment, Noscarna, leads to a 33.2 percent reduction in scar thickness.According to the company, Noscarna could reduce scar visibility when applied to skin with acne scarring or keloid scars from surgery. Through clinical trials conducted on animals, the results showed 78 percent skin color recovery on skin with scarring as well as 33.2 percent reduction in scar thickness, compared to before the product was used. The produ

Today
Industry
SK’s drug unit set for market debut this year

SK Holdings, the holding company of the nation’s third-largest conglomerate, held a board meeting last month to push for the market listing of its drug unit, according to industry sources Thursday.With the board’s approval, SK Biopharmaceuticals is expected to apply for preliminary approval from the stock exchange soon, they added. In April, the drug unit named NH Investment and Securities to lead the initial public offering of the company and Korea Investment and Security as a joint

Today
Industry
Court rejects injunction against Hyundai Heavy's shareholders meeting over split-up plan

A Seoul court has rejected an injunction filed by Hyundai Heavy Industries' labor union seeking to nullify the company's split-up plan in its proposed merger with Daewoo Shipbuilding & Marine Engineering, the shipbuilder said Thursday. Hyundai Heavy said the Seoul Central District Court on Wednesday turned down the injunction against its shareholders meeting that approved the company's split. The union has been claiming that the shareholders' meeting in Ulsan on May 31 didn't follow the prop

Today
Industry
SKT becomes world’s first to hit 1 million 5G subscriptions

Korea’s SK Telecom said Thursday that it became the first in the world to have over 1 million 5G subscribers for a single network service, vying against 28 other such telecommunication network services in the world.Yoo Young-sang, SKT’s executive vice president and head of the Mobile Edge Computing department, said, “Korea is a unique country that has all the facets that enable a 5G ecosystem such as the technology, the infrastructure, the service and the subscribers. “We

Today
Industry
Trump vows again to help Apple against Samsung

US President Donald Trump vowed again Wednesday to help Apple in its competition against Samsung, citing the issue of tariffs. Trump told reporters on Sunday that Apple CEO Tim Cook expressed concern about the impact US tariffs on Chinese goods could have on his company's products, parts of which are manufactured in China.The president said he was "thinking about it" after Cook made a "very compelling argument" that Samsung won't have to pay tariffs because it is based in Sou

Today
Industry
Lack of information deters smokers from switching to alternatives: PMI study

A lack of information and confusion deter smokers from switching to alternative options such as heat-not-burn tobacco, according to industry data compiled by Philip Morris International released Wednesday.According to a survey conducted by research firm Povaddo on behalf of PMI, about 55 percent of adult smokers surveyed said they have the information they need about smoke-free products, while 4 in 5 respondents said they agree that a change in their smoking habits was needed.The survey was cond

Today
Industry
Ikea Korea to open two more stores by first half of 2020

Home furnishing retailer Ikea Korea said Wednesday it will open two more stores in Korea by the end of the first half of 2020 and expand customer touchpoints within the capital. According to the Swedish furniture giant, Korea’s third Ikea store will open in Giheung, Gyeonggi Province, on Dec. 12. The first Ikea store to sit outside the Seoul and Gyeonggi Province metropolitan area, Ikea Dongbusan, will open in the first quarter of 2020. “Thanks to the great support and int

Today
Industry
Jeju Air aims for customer-oriented business growth

Jeju Air, the country’s top low-cost carrier in terms of sales, said Wednesday that it will continue to focus on a customer-oriented business strategy for its future growth, having introduced a new seat arrangement last month as part of those efforts.Called New Class and revealed in time for the July 4 launch of the Busan-Singapore route, the new premium service is designed for passengers who want more space between seats, the airline explained. To offer this “premium economy c

Today
Industry
Korea to inject W4.7tr next year into non-memory chips, AI, mobility

The government will spend 4.7 trillion won ($3.89 billion) next year to support the development of future industries as part of its effort to revitalize the nation’s sluggish economy, the finance minister said Wednesday.At a ministerial meeting in Seoul, Deputy Prime Minister and Finance Minister Hong Nam-ki said the government would invest 3 trillion won in system semiconductors, bio-health and future mobility. The remaining 1.7 trillion won is to be set aside for data, fifth-generat

Today
Industry
Smilegate Stove brings VR games to Korean Army

Soldiers in Korea will be given virtual reality games to destress and unwind.Smilegate Stove, a Smilegate Group affiliate, said Wednesday it has begun providing VR games to soldiers at Camp 72 in Yangju, Gyeonggi Province, in collaboration with telecom service KT, army-targeted leisure content provider K-Friends and VR content distributor Shilgam. Some 80 VR games are provided at each of the two VR game booths installed at the Culture Complex at Camp 72. This is the biggest scale of availa

Today
Industry
GE Healthcare’s AI aims to streamline hospital management in Korea

Medical device developer GE Healthcare on Wednesday introduced an artificial intelligence based hospital operation platform called “Clinical Command Center,”for the first time in Korea. Clinical Command Center streamlines the use of real-time data for more efficient patient care such as predicting forecasted demand, managing transfers between facilities, supporting efficient care progression, and discharge planning. The machine-learning AI is being displayed at the K-Hosp

Today
Industry
Hyundai Motor unveils new truck Pavise

Hyundai Motor Group unveiled Wednesday a rendering of its new truck Pavise, which will go on sale next month. There had been rumors that Pavise would be a new crossover after the company trademarked the name in April. According to Korea’s largest automaker, Pavise stands for practical, adaptable, volume, information, safety and economical.Hyundai Motor said the new truck’s grille design has a powerful structure with dynamic strokes. The front grille was designed to be solid and

Today
Industry
Thailand partnering with South Korea on electric bus development

BANGKOK -- An all-electric bus with the national flags of South Korea and Thailand printed side by side sits on a campus of one of the national research universities on the southern side of Bangkok. The electric bus is a joint project between Korea and Thailand, led mainly by Korean automaker Edison Motors, which currently provides public transport services with eco-friendly buses at Namsan in Seoul and on Jeju Island. The project involves 11 organizations from both sides, including Korea’

Aug 21, 2019
Industry

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