Most Popular
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Pyongyang erects blockades along inter-Korean railways
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Blackpink's Rose and Bruno Mars' 'APT' sparks surge in related stocks
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FT Island's Choi Min-hwan under investigation for allegedly soliciting prostitution
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[From the Scene] How robotics reflect shift in S. Korea's food industry
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Opposition slams Yoon's suggestion to send offensive weapons to Ukraine
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[Exclusive] Korean adoptee sisters meet for the first time in 39 years
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Yoon calls for measures to protect Koreans amid escalating Iran-Israel conflicts
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Korea to regulate cross-border trading of crypto
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N. Korea says troop dispatch to Russia, if true, falls in line with int'l law
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N. Korea slams Seoul-Washington joint air exercise
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LG Chem inks biggest corporate purchase of wind power in Korea
LG Chem said on Friday that it has secured a 20-year deal to purchase clean electricity from two wind farms in South Korea, as part of its efforts to reduce carbon emissions and achieve net zero by 2050. Facilitated by the state-run utility Korea Electric Power Corporation, LG Chem formed a power purchase agreement with ST International, an energy trading company, and Shinhan Asset Management, the owners of the two wind farms, with a combined capacity of 241 megawatts, located in Yeongdeok and Y
May 31, 2024
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Posco breaks ground for W1.5t nickel and precursor plants
South Korean steel giant Posco Group said Friday that it held a ground-breaking ceremony for its new plants dedicated to nickel and precursor production, as part of efforts to secure a stable supply chain for secondary battery materials. For this project, Posco partnered with CNGR, a Chinese company renowned for its global leadership in precursor production. In January, Posco Holdings and CNGR established Posco CNGR Nickel Solution, their 60:40 joint venture specializing in nickel refining. Addi
May 31, 2024
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Hanwha Ocean bolsters its Canadian submarine partnerships
Hanwha Ocean has bolstered its partnerships with Canadian companies to strengthen its submarine businesses, the Korean shipbuilder said Friday. According to the company, Hanwha Ocean signed a teaming agreement with CAE, a Canadian simulation technologies developer that provides integrated live, virtual and constructive training solutions for defense forces, at Canada's largest defense and security trade show CANSEC in Ottawa. Hanwha Ocean and Hanwha Aerospace were the only Korean firms to p
May 31, 2024
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Hanwha makes Time's top 100 most influential companies list
Hanwha Group has made the list of Time magazine's 100 Most Influential Companies in the world for the first time, as the only Korean company recognized this year. The list, which was unveiled on Thursday, described Hanwha as the "Lockheed Martin" of Asia, pointing out that the conglomerate had a good business year amid the ongoing global geopolitical crises. The US magazine noted that Hanwha Aerospace's market value jumped 69 percent last year to top $7.8 billion through sign
May 31, 2024
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LS Eco Energy aims to double sales by 2030
LS Eco Energy, an Asia-focused subsidiary of LS Cable & System, has identified submarine cables and rare-earth elements as the new growth engine for future business as the company aims to more than double its annual sales by 2030. “For the next 15 years and beyond, large electricity demand will continue across the world,” said Lee Sang-ho, CEO of LS Eco Energy, in a press conference held Tuesday at the Federation of Korean Industries building in Seoul. “By expanding the cab
May 30, 2024
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S. Korea partners with US aircraft startup for UAM commercialization
South Korea has partnered with a US electric aircraft startup to push forward the commercialization of urban air mobility, the transport ministry said Wednesday. Archer Aviation Inc. will join the Korean government's UAM test project dubbed "Grand Challenge" along with local companies -- Kakao Mobilty Corp., LG Uplus Corp. and GS Engineering & Construction Co., the Ministry of Land, Infrastructure and Transport said in a statement. Archer Chief Commercial Officer Nikhil Goel m
May 29, 2024
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2 workers exposed to radiation at Samsung's chip plant in S. Korea
Samsung Electronics Co. said Wednesday two workers at one of its chip manufacturing facilities in South Korea were recently exposed to radiation and a government-led investigation is underway. The two workers in the chip production line of Samsung's Giheung Campus in Yongin, 42 kilometers south of Seoul, experienced X-ray exposure on their hands Monday, the company said in a text message response to reporter inquires. The company said it became aware of the incident Tuesday when the workers
May 29, 2024
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[Photo News] Futuristic aircraft cabin
A mockup of an aircraft interior featuring smart cabin technology, developed by LG Display, Boeing, and LIG Nex1, is on display at the Aircraft Interiors Expo 2024 in Hamburg, Germany, on Tuesday. For the trade show, the three companies collaborated to develop four types of OLED panels to display various information such as captain's messages, in-flight duty-free sales content, weather conditions, and airline branding. Their lighter weight compared to LCD panels also can help improve the op
May 29, 2024
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BAT Rothmans vows to prevent nicotine use by minors
BAT Rothmans, the Korean unit of British American Tobacco, said Wednesday it will intensify efforts to ensure that no one underage uses nicotine products, as part of their campaign to mark the annual World No Tobacco Day on May 31. The company also expressed support for more government efforts to prevent minors' nicotine use. "Underage individuals should never use nicotine, and we believe the government plays a crucial role (through regulations) in ensuring this,” BAT Rothmans&rs
May 29, 2024
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The Woorishop, a win-win e-commerce solution for sellers, buyers
Korea's e-commerce platform sector is highly competitive, but The Woorishop thinks it has the standout solution: a cashback offer to keep customers coming back. The platform provider offers a package that returns high-percentage cash paybacks to consumers, allowing buyers to enjoy substantial discounts while sellers boost their sales. "The Woorishop operates on a business model that benefits both buyers and sellers when they interact online," said Jeon Ho-geun, CEO of The Woorisho
May 29, 2024
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E-commerce platforms rise among self-employed
South Korea has for the last nearly three decades seen a rise in the number of self-employed individuals who have been forced to start their own businesses due to layoffs and reduced employment opportunities. With the number of job losses outpacing the number of new hires in recent data, a general increase in involuntary early retirements and the rapid rise of the digital gig economy since the COVID-19 pandemic outbreak, many people here have added side jobs or are working multiple freelance job
May 29, 2024
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S. Korean conglomerates double executives specialized in AI within a year: data
Korea’s top 30 conglomerates have doubled the number of artificial intelligence specialists in executive management and board of director positions in the space of a year, shows data released Tuesday. According to Leaders Index, a local business analysis and research center, which reviewed first-quarter regulatory filings submitted by 295 companies from the 30 business groups, there are now 187 executive-level managers specializing in AI. This figure marks a significant increase from the f
May 28, 2024
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Coupang ups investment to spur Taiwanese growth
South Korean e-commerce giant Coupang has set up its first overseas distribution unit in Taiwan in an apparent move to boost its presence in the burgeoning retail market there, according to industry sources Monday. The new subsidiary, named Haitong Shangmao, specializes in distributing locally produced daily necessities from Coupang’s fulfillment centers to customers. A Coupang official also confirmed the establishment, which he said is part of the company’s expansion plans for its s
May 27, 2024
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[Photo News] MoodUp in Paris
LG Electronics' MoodUp refrigerators are displayed on the Champs-Elysees in Paris on Sunday. For the promotional event, the company transformed 216 meters of the city's famous avenue into an experience zone, allowing over 4,000 visitors to try the new refrigerators with LED doors that change colors. LG plans to launch the MoodUp refrigerators in 15 countries this year. (LG Electronics)
May 27, 2024
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LG Energy Solution hosts recruitment event in New York
LG Energy Solution said Sunday that its top executives traveled to the US last week to host a global talent recruitment event as part of the battery maker’s ongoing efforts to lure tech talents around the world. The Battery Tech Conference (BTC) is the company’s unique global recruitment event aimed at recruiting quality workers in research and development and promoting its vision for growth. Following last year’s event held in San Francisco, the event headed to New York this y
May 26, 2024
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Genesis BBQ opens new US stores in Omaha
Genesis BBQ Group, Korea's largest chicken franchise, announced Thursday the opening of a new store in Omaha, in eastern Nebraska. With the launch of the Omaha branch, BBQ has successfully expanded its presence to 28 out of the 50 states in the US. Omaha is the largest city in the state and is also home to Berkshire Hathaway, the investment holding company of renowned investor Warren Buffett. BBQ's Omaha branch, located just ten minutes from Berkshire Hathaway's headquarters, is e
May 26, 2024
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KakaoTalk messenger suffers service disruption for 2nd day
Kakao Corp., the operator of South Korea's dominant mobile messenger app, said Tuesday its service experienced a disruption for about an hour in the morning due to an error in its internal system. KakaoTalk's personal computer version was down from 8:30 a.m. to 9:24 a.m., the company said, noting it immediately responded to the issue. The messenger also experienced brief service outages Monday and last week. In 2022, KakaoTalk suffered a widespread outage due to a fire at a data center
May 21, 2024
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BAT Rothmans launches premium glo Hyper pro
BAT Rothmans' flagship heated tobacco brand "glo" announced Tuesday the launch of its new premium device, Hyper pro, with pre-orders available on Coupang. The brand-new model features a new EasyView screen and the latest HeatBoost technology. The EasyView screen, a high-definition AMOLED display, reflects consumer feedback from previous models. It offers six screen modes, allowing users to easily check remaining usage time, heating time, battery level and more with just a single c
May 21, 2024
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[Photo News] New brand identity for Bibigo
CJ CheilJedang has unveiled a new brand identity for Bibigo, the company’s Korean food brand, aimed at targeting global consumers, the food giant said Tuesday. The new BI resembles a Korean dining table, symbolizing human connection through culinary sharing. (CJ CheilJedang)
May 21, 2024
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First glimpse of Hyundai Motor's new landmark complex in Gangnam
Hyundai Motor Group revealed Monday new concept images of its envisioned landmark named Global Business Complex with an emphasis on creating a foothold in global innovation for the future mobility industry and an eco-friendly site in Seoul. The auto conglomerate said the change in the GBC’s name, which was originally known as the Global Business Center, highlights the new landmark’s inclusiveness for visitors. Hyundai Motor plans to build two 55-story buildings at a height of 242 met
May 20, 2024