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LATEST NEWS

Glide in style through Halong Bay’s spectacular scenery
S. Korea, ASEAN discuss cooperation in culture, tourism
Police to bolster security following US envoy residence break-in
Infielder apologizes for controversial trash talk during Korean Series game
[Graphic News] Son Heung-min nominated for 2019 Ballon d‘Or
Continuing the ancient royal Kim heritage in Paris, fashion-wise
Asiana offers job experience to teenage students
Winner shows artistic and personal growth in ‘Cross’
Samsung BioLogics posts 136.6% increase in revenue for Q3
Court holds brokerage employees 50% liable for ‘fat finger’ scandal

Oct 23, 2019 Industry

Asiana offers job experience to teenage students

Asiana Airlines said Wednesday that it will offer job experience opportunities to teenagers at the education donation exhibition taking place from Wednesday to Saturday at Kintex in Ilsan. The eighth annual event hosted by the Education Ministry invites some 150,000 teenagers to experience different job and career opportunities, with some 120 companies participating. Asiana has been taking part in the exhibition for eight consecutive years, hoping to nurture talent in the aviation ind

Samsung BioLogics posts 136.6% increase in revenue for Q3

Samsung BioLogics has turned to black in the third quarter as per its latest earnings report Wednesday.The company officially posted revenue of 184.8 billion won ($157.6 million), 23.6 billion won operating profit and 44.1 billion won net profit in the third quarter. The revenue was a 136.6 percent increase from the second quarter. BioLogics cited the performance was due to a slowdown in its first and second plants and newly recognized profits from the third plant. A slowdown is a necessary bien

Oct 23, 2019
Industry
Oxford University study contradicts WHO on gaming disorder

A fresh study at Oxford University suggests that obsessive gaming may be an expression of underlying psychosocial frustration rather than an evil in itself, contradicting the World Health Organization’s recent decision to identify it as a mental illness.According to a recent research paper by professor Andrew K. Przybylski at the Oxford Internet Institute, moderate use of screen time can be good for one’s health.“In the absence of compelling evidence linking digital screen enga

Oct 23, 2019
Industry
HLB trading suspended after 2-day 40% spike

Authorities suspended the trading of biotech HLB’s stocks on Wednesday to offset a sudden 40 percent jump over two days on the back of hyped expectations for a new cancer drug.HLB will have a pre-new drug application meeting for Rivoceranib with the US’ Food and Drug Administration on Friday, by Korean time.HLB stock ended Tuesday 7.75 percent higher at 180,800 won ($154) after hitting a new 52-week high of 209,700 won during intraday trading, edging out Celltrion Healthcare.On the p

Oct 23, 2019
Industry
KT&G wins top corporate governance award

South Korean tobacco manufacturer KT&G has received the top corporate governance award, the firm said Wednesday. This year’s corporate governance evaluation was reviewed by Korea Corporate Governance Service covering some 924 listed companies and financial firms. KT&G said it received top grades in the KCGS’ ESG evaluation for two consecutive years, which includes social responsibility, environmentally responsible management and governance, recognized for the high l

Oct 23, 2019
Industry
What kinds of liquid-type e-cigs are sold in Korea?

The South Korean government on Wednesday issued a “strong warning” on the use of liquid-type e-cigarettes over health concerns, drawing public attention to the different popular brands available here. There are three types of e-cigarettes sold in Korea: heat-not-burn, liquid, and a hybrid version which combines the first two types. Korea’s e-cigarette brands account for 13.5 percent of its tobacco market by sales as of June, according to government data. The total tobacco

Oct 23, 2019
Industry
S-Oil recognized for sustainable management

South Korean oil refiner S-Oil announced Wednesday it has made it on this year’s Dow Jones Sustainability Indices and has been awarded the 2019 Outstanding Companies Award handed out by the Korea Corporate Governance Service.Both DJSI and KCGS measure corporate sustainability across economic, social and environmental aspects.According to S-Oil, a total of 318 global firms were included in the 2019 DJSI World Index, and S-Oil was one of the 19 Korean firms listed. It is also the only oil re

Oct 23, 2019
Industry
South Korea hosts renewable energy conference

South Korea is hosting an international renewable energy conference this week to discuss the global climate crisis and measures to expand renewable energy use with around 3,500 participants from 108 nations. The International Renewable Energy Conference, which kicked off Wednesday in Seoul, is a biannual energy forum. The three-day event is being attended by government officials from 59 countries, including the US, Germany and China, international organizations, including the International Renew

Oct 23, 2019
Industry
Hyundai Heavy workers to stage partial strike amid wage dispute

Workers at Hyundai Heavy Industries Co., South Korea's top shipbuilder, will stage a partial strike this week, its labor union said Tuesday, amid little progress in its wage negotiations with management.The decision to lay down their tools for four to seven hours per day from Wednesday to Friday came after the labor union's 21st round of wage talks with the company ended without an agreement earlier in the day.The negotiations began in May, but the two sides have yet to find common ground.The un

Oct 22, 2019
Industry
KT begins recruiting process for next CEO

　South Korea’s telecom giant KT has kicked off the process for choosing a new chief. 　The company’s governance structure committee on Wednesday started accepting applications for the successor of current KT CEO Hwang Chang-kyu. The process is expected to be completed early next month. 　The new KT chief will be appointed in December by the company’s 11-member board of directors, the committee said. The appointment will be ratified at the shareholders meeting in March next

Oct 22, 2019
Industry
Korea vows to build 250 more hydrogen stations by 2022

Up to 250 hydrogen charging stations will be built across Korean cities and highways by 2022 to provide drivers access to hydrogen charging within 30 minutes of wherever they are, the government said Tuesday. According to the government’s hydrogen infra establishment measure, jointly mapped out by the industry, transport and environment ministries, up to 190 hydrogen charging stations for vehicles and 60 charging stations for buses will be built over the next three years. By 204

Oct 22, 2019
Industry
FTC chief warns conglomerates of unfair intra-trading deals

‘Global tech firms, such as Apple, Google, Facebook and Amazon, may create entry barriers’

Oct 22, 2019
Industry
Young coders to compete at Nexon challenge

South Korea’s game company Nexon will host the fourth annual Nexon Youth Programming Challenge on Saturday. The event, designed to nurture the next generation of programmers in Korea, gives coding problems for students to solve using any programming languages among Python, Java, C#, C++ and C. Some 4,300 youths aged between 12 and 19 have taken part in the online preliminary contest, of whom the top 80 were selected to enter in the final round this week. “We hope the young stud

Oct 22, 2019
Industry
Trailblazing game engine expands its reach

Unity rebrands itself as real-time 3D engine

Oct 22, 2019
Industry
Samsung starts selling Galaxy Fold in Korea

　Samsung Electronics began selling its first foldable smartphone, the Galaxy Fold, to Korean consumers Monday, aiming to boost its popularity ahead of the expected release of the iPhone 11 later this week. 　With a 2,398,000 won ($2,042) price tag, the Galaxy Fold can be purchased at retail centers from Samsung and local mobile carriers. Consumers can also order the smartphone online through the Samsung website.　While the coveted foldable smartphones hit the local market last month, they we

Oct 21, 2019
Industry

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