To address increasing global concerns regarding ethical sourcing and environmental responsibility, domestic battery material manufacturer Posco Future M released its third Responsible Minerals Activity Report on Tuesday. The publication is a part of the company’s efforts to establish a sustainable supply chain for materials used in battery production, specifically the cathode and anode segments. It marks the continuation of a commitment initiated in 2021 when Posco Future M first outlined

Industry May 7, 2024

Mirae Asset Global Investments announced Thursday that its Canadian exchange-traded fund subsidiary, Horizons ETFs, is rebranded as Global X Canada, aligning with an integrative strategy of its global ETF offerings under the unified brand, Global X. Since being acquired by Mirae Asset Global Investments in 2011, the Canadian ETF firm has witnessed substantial growth in assets under management. AUM have escalated by 963 percent, growing from approximately 3 billion Canadian dollars ($2.2 billio

Market May 2, 2024

Hyundai Motor Company announced Tuesday its commitment to cultivating global talent through a summer internship program designated for international students in Korea, fostering the company’s cultural inclusivity and global market presence. This marks the first time Hyundai Motor has openly recruited international students studying in Korea as interns. The flagship unit of Hyundai Motor Group, the world's third-largest carmaker, aims to blend diverse international perspectives into it

Mobility April 30, 2024

Korea Ginseng Corp., a global leader in ginseng production, has significantly enhanced its brand positioning and visibility through its marketing strategies that prominently feature Lim Young-woong. Lim, a trot singer with an avid fan base, has recently been named the ginseng brand's brand model. The marketing campaign kicked off with the release of an advertisement featuring Lim on YouTube on Wednesday, which rapidly gained traction by accumulating over 2 million views within 40 hours. The

Industry April 29, 2024

HD Hyundai Vice Chairman and CEO Chung Ki-sun will serve as a co-chair of the Special Meeting of the World Economic Forum held in Riyadh, Saudi Arabia from Sunday to Monday. This session convenes 900 leaders from a broad array of sectors, including public and private enterprises, international organizations, NGOs, academia and civil society. The agenda is centered on addressing critical global challenges that are vital to sustainable growth: revitalizing global cooperation, fostering inclusive g

Industry April 28, 2024

Leading ramyeon producer Nongshim has announced the launch of a dance challenge event to mark the release of its latest products: Pu Phat Phong Guri Big Bowl and Kimchi Jja Guri Big Bowl. The newly launched products are inspired by Thai curry and Korean kimchi and pork stew, respectively. The product name "Guri" comes from the Korean word for raccoon, "Neoguri." The new initiative, tailored to resonate with the younger demographic’s love for dance challenges, also aims

Industry April 28, 2024

The state-run Export-Import Bank of Korea said Thursday that it planned to dispatch 34 young regional specialists to 13 developing countries under its Economic Development Cooperation Fund, aimed at cultivating a new generation of experts in global development cooperation. As a member of the OECD Development Assistance Committee, South Korea has long been committed to supporting infrastructure development in emerging economies and crafting innovative models for development cooperation. Initiated

Industry April 25, 2024

South Korean home appliance maker Coway has launched a new massage bed, the Berex Reclining Massage Bed, as part of product diversification aimed at the nation's soaring massage chair market. The new product is the first of its kind to incorporate an automatic upper-body reclining function, specifically designed to ease the process of lying down and standing up -- a feature that addresses usability for the elderly and those with mobility challenges. The model does not require users to man

Industry April 24, 2024

Korea Ginseng Corp., the leading manufacturer of ginseng products in the country, has launched a new promotional video featuring trot singer Lim Young-woong. Released on Wednesday, the video showcases a day in the life of Lim, from morning routines to exercise and singing practice. The video highlights the use of JungKwanJang, the company's premium red ginseng brand, portraying its products as essential for daily vitality. Lim, known for his victory in a popular singing competition, appeals

Industry April 24, 2024

Korea Water Resources Corp. is intensifying its international outreach to jointly tackle the climate crisis and bolster the export of water management technologies. In line with this initiative, the state-run water management agency announced on Tuesday that it has entered into multiple agreements with Kyrgyzstan to foster cooperation in the water sector and climate crisis response. Kyrgyzstan, a pivotal partner country for Korea, has previously concentrated its efforts in the environmental and

Industry April 23, 2024

The Posco 1% Foundation, founded in 2013, is funded by the donations of employees at South Korean steel giant Posco Group. Among the foundation's diverse charity projects is one aimed at supporting people with disabilities, particularly in career-seeking activities. According to a 2023 survey by the Korea Employment Agency for Persons with Disabilities, about 5 percent of the nation’s population is registered as disabled. The economic participation rate and employment rate of people w

Industry April 22, 2024

Capitalizing on India's emergence as a key driver of global growth, the Herald Media Group is looking for ways to deepen Korea-India economic ties. Leading a delegation of experts, the media group's Chief Executive Officer Choi Jin-young visited India from April 4 to April 11 to engage and establish communication channels with think tanks, trade and business confederations representing small and large industries, local and regional government representatives and the media. The Herald M

Industry April 21, 2024

South Korean IT solutions provider LG CNS announced Friday that it has partnered with Yonsei University to establish a new Master's degree program dedicated to nurturing intelligent data and optimization specialists. During the signing ceremony on Thursday, LG CNS Chief Executive Officer Hyun Shin-gyoon and Yonsei University President Yoon Dong-sup agreed on creating the Department of Intelligent Data and Optimization at Yonsei University. “We will focus on nurturing DX specialists wh

Technology April 19, 2024

LS Eco Energy, a subsidiary of LS Cable & System, announced Wednesday that it is supplying extra high voltage cables to Energinet, a Danish state-owned transmission system operator of electricity and natural gas, over the next three years in a deal worth $30.51 million deal. The contract follows another Danish deal worth $13 billion signed earlier this month. The demand for EHV cables has been growing substantially in Denmark thanks to the nation’s growing infrastructure projects -- pa

Industry April 17, 2024

South Korean chicken and burger chain Mom’s Touch announced Tuesday that it has entered into the Japanese fast-food restaurant market by opening its first direct store overseas in Shibuya, Tokyo. The new venue, which used to be the former site of McDonald's Japan for 39 years, spans approximately 418 square meters of floor space and includes 220 seats distributed over three floors. Strategically located near Shibuya Scramble Square and Shibuya Station, the bustling hub of the Japanese

Industry April 16, 2024