Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[Weekender] How DDP emerged as an icon of Seoul
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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[KH Explains] No more 'Michael' at Kakao Games
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Refiners feared to report weak Q4 earnings on low oil prices
South Korean refiners, led by SK Innovation Co., may report earnings declines for the fourth quarter of the year, due to a sharp falloff in oil prices and a narrowing refining margin, industry sources said Thursday.SK Innovation, the No. 1 player, is forecast to rack up an operating loss of over 200 billion won ($178 million) from its refining business in the October-December period, with GS-Caltex Corp. and S-Oil Corp. widely expected to log operating losses of over 150 billion won as well, acc
Dec. 27, 2018
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Ssangyong E&C wins W850b expressway project in Singapore
South Korean builder Ssangyong Engineering & Construction has obtained an 850 billion-won ($750 million) contract to expand an expressway in Singapore, according to the firm on Thursday.The project involves building the N102 and N111 sections of road for the North-South Corridor project of Singapore’s Land Transport Authority. Ssangyong E&C won an exclusive 400 billion-won deal for the N111 section. It also won a 350 billion-won deal for the N102 section via a joint venture with Singaporean cons
Dec. 27, 2018
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Daewoo Shipbuilding wins another LNG ship order
Daewoo Shipbuilding and Marine Engineering Co., the world's second-biggest shipbuilder by sales, said Thursday it has won a $230 million order to build a liquefied natural gas ship.Under the deal with an unidentified customer in the Oceania region, Daewoo Shipbuilding will deliver the 174,000-cubic meter vessel by the end of 2021. (Yonhap)This month alone, Daewoo Shipbuilding has clinched deals to build six LNG ships.With the latest order, the shipyard, located on Geoje Island some 470 kilometer
Dec. 27, 2018
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LG Electronics unveils exoskeleton work suit for physical labor
LG Electronics Inc. on Thursday unveiled a new exoskeleton work suit that can help physical laborers by supporting their backs, enabling them to work with less effort as well as preventing injuries.The South Korean tech giant claimed the new LG CLOi SuitBot, which is worn around the waist, reduces labor intensity by being activated when workers bend and stretch their back. The robotic system will especially help laborers carrying out repetitive tasks, the company said. (Yonhap)The product is als
Dec. 27, 2018
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[Best Brand] Spark International awarded for fuel-saving technologies
The competitiveness of Korean fuel-saving black box manufacturer Spark International centers on technology that saves fuel by 10 to 30 percent through improved performance of the engine spark plug. All cars contain 90 to 130 electronic control unit sensors and DC motors. Spark International’s new YSP series, a fuel-saving black box (Spark International)The sensors and motors are able to fully perform their functions when DC12V rated voltage is supplied. When the rated voltage is not supplied eve
Dec. 26, 2018
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[Best Brand] Luxury, convenience offered at Jardin Village town house
Premium town house brand Jardin Village offers high-quality detached houses with designs and locations that incorporate nature, providing the comfort of individual housing and the convenience of an apartment.The houses are equipped with facilities that allow barbeques, camping, gardening and even astronomical observation. Security is prioritized with CCTV cameras installed in all directions.The interior of a Jardin Village unit (Jardin Village)Such features are particularly popular among those w
Dec. 26, 2018
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[Best Brand] Coupang vows continued priority on customer value in innovation
This year has been another notable year for South Korean e-commerce firm Coupang, which most recently secured an additional $2 billion investment from Softbank.From a company with a revenue of 348.4 billion won ($309.4 million) in 2014, the company expanded threefold in revenue in just a year, and went on to become the first e-commerce company in Korea to break through the 1 trillion won mark in sales. In 2017, it marked 2.685 trillion won in sales. This year, Coupang expects to reap 5 trillion
Dec. 26, 2018
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[Best Brand] Caris Guardrail world’s 1st PVC guardrail maker
Caris Guardrail, a local manufacturer of guardrails founded by Yu Cheol in 2016, has been gaining global attention recently for developing safe and eco-friendly guardrails that have passed various tests for commercialization in South Korea and the US.Its PVC (polyvinyl chloride)-based guardrails received venture business certification and green certification, and passed the domestic vehicle collision test and US vehicle collision test in June 2018. It has obtained the world’s first patent for PV
Dec. 26, 2018
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[Best Brand] Pioneer of disposable diapers, P&G Pampers hits spot for moms, babies
Proctor & Gamble’s Pampers, which introduced the first disposable diapers to the market, was developed in 1961 by P&G engineer and researcher Victor Mills, who was inspired by his grandson suffering from rashes. An innovation at the time, Pampers diapers led the fast-expanding disposable diaper market and retains its dominance as one of the most popular diapers, sold in more than 130 countries. Pampers Babydry diapers (P&G Pampers)The company administers more than 3 million experiments every yea
Dec. 26, 2018
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[Monitor] Construction for GTX Line A begins, to open in 2023
Construction of the northern section of Great Train Express Line A was set to break ground Thursday, according to the Ministry of Land, Infrastructure and Transport on Tuesday.GTX, linking southern and northern Gyeonggi Province with Seoul, is a high-speed train service designed to shorten the time for residents commuting from the outskirts of the capital area to central Seoul. The express train will travel at a maximum speed of 180 kilometers per hour, 40 meters underground.GTX Line A, the firs
Dec. 26, 2018
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[Feature] Wearing love for animals on their sleeve
Stroking down the plush set of colorful fibers, it is hard to tell they could be anything but fur. Hanging in the corner of an ethical fashion store in Dongdaemun, the fur-free fur coats and silk-free silk robes are soft and luxurious, but without the cost of brutality against animals.Striving to spare harm inflicted on animals for the sake of style, vegan fashion has been spreading in South Korea in recent years.The word “fake” does not fully describe the trend, as the garments are not purposed
Dec. 26, 2018
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SK Innovation to debut at CES as new battery maker
SK Innovation said Wednesday it will take part in the Consumer Electronics Show 2019 in January in order to announce its makeover from a conventional petrochemical business to a battery and material developer. (SK Innovation)The SK Group subsidiary will introduce its technologies for manufacturing electric vehicle batteries, electricity storage systems and lithium-ion battery separators at the worlds’ biggest electronics show kicking off on Jan. 8 in Las Vegas. Its participation in CES marks th
Dec. 26, 2018
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KCCI chief says ‘now or never’ in pushing for regulatory reform amid economic recession fears
The clock is ticking for full-fledged reforms in regulations for Korean businesses to survive, the head of the country’s top business lobby group said Wednesday, voicing concerns over an economic recession and companies losing growth momentum due to multilayered market restrictions.Comparing companies to “frogs in a burning pot,” KCCI Chairman Park Yong-maan stressed that there is not much time for companies in the face of fierce market competition, adding that damage is already being seen. The
Dec. 26, 2018
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Samsung Electronics still preferred employer for university students: poll
South Korean university students still show a marked preference for Samsung Electronics as a future employer, according to a poll released Wednesday.The survey, conducted by job search portal JobKorea, showed that 14 percent of respondents chose the tech giant out of 100 companies as the place they would most like to work. A total of 1,190 students attending four-year universities nationwide participated in the survey. Among them, 424 were men and 766 were women. Some 14 percent of college stude
Dec. 26, 2018
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Daewoo Shipbuilding fined $9.6 m for violating subcontract law
South Korea's antitrust watchdog said Wednesday that it has fined Daewoo Shipbuilding & Marine Engineering Co. 10.8 billion won ($9.6 million) for violating laws on subcontracting as it referred the company to prosecutors for further investigation.The world's second-biggest shipbuilder by sales is accused of not having delivered contract documents to 27 subcontractors before they began their work, the Fair Trade Commission said. (Yonhap)The FTC also said Daewoo Shipbuilding unilaterally lowered
Dec. 26, 2018
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Hyundai Engineering donates disaster-resistant modular houses
South Korean engineering and construction services provider Hyundai Engineering said Wednesday that it donated five units of modular homes to residents of aged buildings vulnerable to risks of natural disasters on Friday. Modular homes refer to prefab buildings for residential purposes. Such buildings involve a construction method in which sections of a house are manufactured away from a construction site, then delivered to the site and installed there.Representatives of Hyundai Engineering, Hop
Dec. 26, 2018
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KDB set to complete cash injection into GM Korea
The state-run Korea Development Bank completed injecting $750 million into the South Korean unit of General Motors Co. on Wednesday, after it backed a plan by GM Korea to spin off the carmaker's research unit.The KDB and GM signed a deal in May on the rescue package for GM Korea. Under the agreement, the KDB pledged to inject $750 million, while GM agreed to provide $3.6 billion in fresh loans to keep GM Korea afloat. (Yonhap)In June, the KDB injected $375 million into GM Korea, but the bank ha
Dec. 26, 2018
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Korea to create innovation academy for software experts
South Korea said Wednesday that it plans to set up an innovation academy next year to educate about 2,500 software experts by 2023 in the latest move to better cope with the fourth industrial revolution.A two-year academy -- modeled after Ecole 42, a French computer programming school -- is set to open in September and the government plans to provide 180.6 billion won ($160.7 million) by 2023 to the academy, according to the Ministry of Economy and Finance. South Korea also plans to set aside 39
Dec. 26, 2018
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Loan guarantees among conglomerate affiliates down 9.1% in 2018
Loan guarantees among affiliates of South Korea's large business groups fell 9.1 percent in 2018 from a year earlier, the country's corporate watchdog said Wednesday.The combined corporate debt payment guarantees made among units of eight conglomerates reached 267.8 billion won ($238 million) as of May 1, compared with 294.5 billion won among seven conglomerates during the same period of last year, according to the Fair Trade Commission. Logos of major South Korean conglomerates (Yonhap)The eigh
Dec. 26, 2018
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Samsung mulls slowing expansion of chip facilities in 2019
Samsung Electronics, the world’s No. 1 memory chip provider, is considering slowing the pace of expanding its production facilities next year amid negative forecasts about growth of the global semiconductor market, according to the industry on Tuesday. At a biannual meeting on the tech titan’s global business strategies held last week, the device solutions division’s main agenda was how to cope with the expected oversupply of memory chips next year, as demand is widely forecast to go downhill, w
Dec. 25, 2018