While touting South Korea’s unrivaled position as a digital hub in the Asia-Pacific region, foreign executives and experts called for a need to create sustainable regulatory environment to foster the country‘s digital prowess at a forum hosted by the American Chamber of Commerce on Friday. “Korea is a optimal place for digital transformation, and will rise as a regional digital hub for Asia Paci...

A global healthcare exhibition kicked off in Busan on Thursday to test the southeastern port city’s potential of becoming a healthcare hub in Northeast Asia, organizers said. The three-day 2022 Global Healthcare Week, which is taking place at BEXCO, brings experts, companies and hospitals specializing in senior care, beauty, bio, food and fitness together to provide the latest information, produ...

South Korean steelmaker Posco Holdings said Friday that it has completed construction of a used secondary battery recycling plant in Poland, which will serve as a base for Posco to expand its eco-friendly business to around the world. The Poland Legnica Sourcing Center (PLSC), located in Brzeg Dolny, some 30 kilometers northwest of Warsaw, can annually process 7,000 tons of used batteries and sc...

South Korean battery maker Samsung SDI Co. said Friday its management has met with a group of government officials from the U.S. state of Indiana in Seoul and discussed the ongoing battery joint venture with Stellantis N.V. Choi Yoon-ho, CEO of Samsung SDI, met with Indiana Gov. Eric Holcomb and Bradley Chambers, the secretary of commerce for the state of Indiana, during the delegation's visit t...

A bank employee in Namwon, North Jeolla Province, was forced to cook, wash dishes and clean clothes at her workplace over the last two years, a civic group said while filing the case to anti-corruption and labor dispute agencies. According to Gapjil 119, a civic group that campaigns against workplace abuses, one of the female employees working at MG Community Credit Cooperatives said she had to ...

Kyobo Life Insurance Co., a South Korean life insurer, said on Thursday it has established the Cia-Cia Hangeul School on Buton Island, Indonesia, in partnership with the Korea Cia-Cia Cultural Exchange Association. The Cia-Cia are one of Indonesia’s 350 minorities who in 2009 officially chose to use the Korean alphabet, Hangeul, to preserve its fading language. The Cia-Cia local language, also k...

Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Thursday it has received a 755.7 billion-won (US$560 million) order for subway train cars in Egypt. Under the deal signed with Egypt's National Authority for Tunnels (NAT), Hyundai Rotem will supply subway train cars for the No. 2 and No. 3 subway lines in Cairo by 2028, the company said in a statement. Hyundai Rot...

South Korea’s largest beer maker Oriental Brewery introduced its climate change-tackling technology at the Conference of Global Climate Action Fund, according to the company on Wednesday. The conference, initiated for the first time and scheduled to be held from Monday to Friday, was co-hosted by the W Foundation and United Nations Climate Change Convention. It was designed to support private se...

Hyundai Motor Group said on Tuesday it has decided to invest in Bos Semiconductors, an automotive semiconductor startup. Bos Semiconductor is a fabless startup which specializes in manufacturing system semiconductors used in automotive software. The startup aims to design high-performance semiconductors that consume low amounts of power. It also aims to manufacture central processing units and ...

Samsung C&T said Wednesday it has inked an 800 billion won engineering, procurement and construction contract with QatarEnergy to build solar power plants with the capacity to generate 875 megawatts of electricity. The project involves building one solar power plant with 417 megawatt capacity in Mesaieed and another one in Ras Laffan with 458 megawatt capacity, which will start generating electr...

LG Uplus Corp., South Korea's third-largest mobile carrier, said Wednesday it has rebranded its K-pop content platform and has newly enabled official foreign language support for foreign users. The company's U+ Idol Live platform has been renamed as Idol Plus and its menu and subtitles now officially support English, Chinese, Japanese, Thai and Indonesian, in addition to Korean. LG Uplus said i...

SEJONG -- South Korea's antitrust regulator said Wednesday it has approved a deal by chemical-to-steel business group KG Group to buy the debt-ridden SsangYong Motor Co., as the takeover does not hurt market competition. In July, KG asked the Fair Trade Commission (FTC) to review its deal to acquire some 61 percent stake in SsangYong Motor for 950 billion won ($ 708 million). The FTC said it ha...

Hyundai Motor Group said Wednesday its Chairman Chung Euisun is visiting the United States amid growing concerns over a new US law excluding electric vehicles (EVs) built outside the US from tax breaks. The South Korean carmaker didn't provide any details about Chung's US schedule. Chung is expected to meet US government officials and business leaders to ask them to "help improve an unreasonabl...

South Korean aircraft engine manufacturer Hanwha Aerospace established a $165 million supply deal with British air taxi developer Vertical Aerospace last month, according to a regulatory filing released on Tuesday. Under the deal, which follows a development agreement announced in July, Hanwha Aerospace is set to exclusively supply three types of electromechanical actuators to Vertical for its V...

LS Cable & System will commercialize a remote-control cable management system that detects operational abnormalities, prevents power outages and sends online alerts, said the company on Tuesday. The new system called i-check allows IoT sensors attached to cables to detect malfunctions such as electricity leakages and overheating, to prevent power outages and fires. Users will be able to check t...