Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Yoon set for talks with Marcos in Philippines
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Can Jennie break the K-pop solo artist slump?
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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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First lady’s Dior bag scandal to be at center of Assembly audit
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2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
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Yoon honors veterans of Korean War in trip to Philippines
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Firefighters’ 3,000 won meals spark nutrition concerns
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Celltrion secures contract to supply Herzuma to Brazil for 5th year
South Korean biosimilar giant Celltrion will continue to supply trastuzumab biosimilar Herzuma to Brazil, the company announced Friday. The company won the bid to supply a trastuzumab biosimilar to the Brazilian Federal Government for the fifth consecutive year. Under the contract, Celltrion will provide 660,000 vials of Herzuma through 2025. Celltrion remains the sole trastuzumab provider for the Brazilian government, with its Herzuma accounting for more than 50 percent of the market annually.
CompaniesSept. 13, 2024
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SK Bioscience celebrates topping-out of global research center in Songdo
South Korean biotech firm SK Bioscience said Friday it hosted a topping-out ceremony at the construction site of its Global Research and Process Development Center in Songdo, Incheon, Monday. In 2021, SK Bioscience signed a land contract with the Incheon Free Economic Zone authority to acquire part of the Incheon Technopark Expansion Complex. The company has invested 325.7 billion won ($244 million) in building the Global R&PD Center. With the project, SK plans to relocate its headquarters a
IndustrySept. 13, 2024
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[Photo News] Hyundai’s Genesis steers art at the MET
With support from Hyundai Motor Group’s premium brand Genesis, The Metropolitan Museum of Arts in New York has launched an art exhibition titled, “Long Tail Halo” on Thursday. In partnership with Genesis, The Metropolitan Museum of Art, one of the world’s largest art museums, has featured four installation pieces by renowned Korean contemporary artist Lee Bul, displayed prominently at the museum's main entrance. (Hyundai Motor Group)
MobilitySept. 13, 2024
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Telecom firms compete head-on for AI assistant service
Competition is heating up among major South Korean telecommunication companies to take the lead in the market for artificial intelligence assistants. LG Uplus, the country's smallest telecom company by market share, is set to launch a call-recording service, dubbed, “ixi O,” next month, according to industry sources on Friday. It is expected to offer services such as call recording, summary function and spam call and voice phishing filtering. Currently, AI assistants are evolv
IndustrySept. 13, 2024
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[Photo News] Pope rides Hyundai Ioniq 5 in Singapore
Pope Francis waves to the crowd from a Hyundai Ioniq 5, the auto giant’s flagship electric vehicle, as he arrives at the National Stadium in Singapore on Thursday. Singapore is the final stop of the pope’s 12-day, four-nation trip through Southeast Asia and the South Pacific – his longest and most distant tour of his papacy. (AFP-Yonhap)
MobilitySept. 13, 2024
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Economy shows signs of recovery on strong exports, soft inflation: finance ministry
The South Korean economy continues to show signs of recovery, driven by strong exports and manufacturing output, with consumer prices showing signs of stabilization, the finance ministry said Friday. The Ministry of Economy and Finance made the assessment in the Green Book, its monthly economic report, noting that domestic demand is also recovering, led by facility investment and the service sector. "The South Korean economy is experiencing a recovery trend amid the stabilization of consume
EconomySept. 13, 2024
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Naver to develop Arabic-based LLM, expand AI cooperation with Saudi Arabia
Naver Corp., the operator of South Korea's largest internet platform, has signed an initial agreement with Saudi Arabia's artificial intelligence (AI) agency to jointly develop an Arabic language-based large language model (LLM), company officials said Friday. During the Global AI Summit hosted by the Saudi Data & AI Authority (SDAIA) in Saudi Arabia's capital of Riyadh earlier this week, Naver and the SDAIA signed the memorandum of understanding (MOU) to cooperate in various
IndustrySept. 13, 2024
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Seoul shares open higher on hope for Fed's rate cut
Seoul shares opened higher Friday, tracking overnight gains on Wall Street, as investors expect the Federal Reserve will cut rates next week. The benchmark Korea Composite Stock Price Index rose 0.17 percent, or 4.43 points, to 2,576.52 in the first 15 minutes of trading. In August, the US core consumer price index and producer price index rose slightly from a month earlier, dashing hopes for a big cut by the Fed next week. But market participants expect the US central bank to cut rates by at le
MarketSept. 13, 2024
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Hyundai Motor, GM join hands to shake up EV landscape
Hyundai Motor Group and General Motors have joined forces to explore collaboration in vehicle development, supply chain and clean energy technology, officials announced Thursday. According to the announcement, the top leadership from each auto giant -- including Hyundai Motor Group Executive Chair Chung Euisun and GM CEO Mary Barra -- recently met at Genesis House New York and signed a memorandum of understanding to seek future collaboration across key strategic areas. Hyundai Motor and GM -- th
MobilitySept. 12, 2024
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BMW opens brand's 1st charging hub lounge in Korea
BMW Group opened its newest charging station named BMW Charging Hub Lounge in central Seoul on Thursday, continuing to build upon the German automaker’s commitment to Korea’s electric vehicle transformation. According to BMW Group Korea, Seoul’s new charging facility has six 200 kilowatt-hour chargers and an indoor lounge including a cafe. The chargers will be open for other brands’ EVs as BMW aims to offer all EV drivers comfort and an opportunity to check out its newest
MobilitySept. 12, 2024
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Seoul shares snap 7-day fall on tech gains
Seoul shares closed higher, snapping a seven-day losing streak, on Thursday led by tech gains, with investors expecting the Federal Reserve's rate cut next week after the release of US inflation data. The Korean won traded higher against the US dollar. The benchmark Korea Composite Stock Price Index rose 2.3 percent, or 58.72 points, to close at 2,572.09. Trading volume was moderate at 334.63 million shares worth 11.04 trillion won ($8.2 billion), with decliners far exceeding gainers 762 to
MarketSept. 12, 2024
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OB acquires Jeju Soju, eyes bigger presence abroad
Korea’s largest beer maker Oriental Brewery is seeking to expand its presence in the global soju market amid the rising popularity of the nation’s traditional rice liquor around the world. According to the company, OB, owned by Belgian brewing giant Anheuser-Busch InBev, has decided to acquire Jeju Soju from Shinsegae Group’s liquor unit Shinsegae L&B. OB will take over the production site, equipment and underground water usage rights associated with Jeju Soju. Details, inc
IndustrySept. 12, 2024
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Finance chief vows tighter control on household debt
Finance Minister Choi Sang-mok vowed Thursday to curb snowballing household debt and thoroughly control the payment crisis involving e-commerce platforms Tmon and WeMakePrice. The nation's household debt has been on fast growth, sparked by a rise of mortgage loans with the increasing number of housing transactions since around June, Choi said at a meeting of economy-related ministers held at the governmental complex in central Seoul. "The government will work to stably control the risi
EconomySept. 12, 2024
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[Photo News] Making Songpyeon for Chuseok
S-Oil CEO Al-Hejazi (right) poses for a photo with a child while making Songpyeon, a traditional Korean halfmoon-shaped stuffed rice cake, in collaboration with the Loveaid Foundation at the company’s headquarters in Mapo-gu, Seoul, on Thursday. With the help of international students from Saudi Arabia and children from the company child care facility, the CEO and 150 company officials prepared Songpyeon and gift bundles worth 60 million won ($44,800) for low-income households. Since 2007,
IndustrySept. 12, 2024
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Samsung’s yearly dilemma looms: Exynos vs. Snapdragon
A seasonal dilemma looms over Samsung Electronics’ flagship Galaxy S phones: using more its own Exynos processors or sticking to rival Qualcomm’s Snapdragon chips. Samsung has poured considerable resources for years into equipping its most important smartphone lineup with its own chipset so that it could expand its presence not just in chip production but also in chip design, while reducing production costs. But industry sources say that the upcoming Galaxy S phones, tentatively call
IndustrySept. 12, 2024
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Nvidia CEO hints at possibility using Samsung to make GPUs
Nvidia CEO Jensen Huang raised the possibility of fabricating its cutting-edge graphic processing units at foundries other than Taiwan-based TSMC, making Samsung Electronics a likely alternative. At Goldman Sachs Communacopia and Technology Conference in San Francisco, California on Wednesday, Huang said he is willing to consider other companies to produce Nvidia's chips "if necessary," acknowledging the brewing geopolitical tension between Taiwan and China. "We use them (TSM
IndustrySept. 12, 2024
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Samsung produces industry’s first 1-terabit QLC 9th-gen V-NAND
Samsung Electronics, the world's No. 1 memory chipmaker, said Thursday it has begun mass production of its one-terabit quad-level cell ninth-generation vertical NAND, solidifying its leadership in the high-capacity and high-performance NAND flash market. It is the industry’s first mass production of QLD ninth-generation V-NAND, followed by its first triple-level cell ninth-generation V-NAND production in April this year. “Kicking off the successful mass production of QLC ninth-g
TechnologySept. 12, 2024
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Pulmuone launches frozen gimbap in China
South Korean food giant Pulmuone said Thursday that it has become the first Korean food company to introduce frozen gimbap into the Chinese market by selling its products at a leading retailer there. Pulmuone’s Tuna Kimbap, sold in packs of three rolls, is now available at Sam's Club, which operates 49 stores in China. A full 136,000 units will be exported to China by September, with plans to export a total of 620,000 units annually, the company said. The product packaging brandishes
CompaniesSept. 12, 2024
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HD Hyundai, Hanwha push zero-emissions agenda at Gastech 2024
Shipbuilding rivals HD Hyundai and Hanwha Group are gearing up for Gastech 2024, the world’s largest energy sector exhibition, held from Tuesday to Sept. 20 in Houston. Attracting over 50,000 attendees and more than 800 companies, the event will spotlight the companies' eco-friendly shipbuilding and energy technologies. HD Hyundai will be represented by Vice Chairman Chung Ki-sun, along with a team from sales, R&D and engineering, to meet with business partners and corporate clien
IndustrySept. 12, 2024
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Posco Future M inks W1.8tr cathode supply deal
Posco Future M said Thursday it has signed a 1.8 trillion won ($1.4 billion) deal to supply high-nickel cathode materials for electric vehicle batteries with a battery maker. The details of the agreement including the other signing party will not be disclosed until Dec. 31, when the two companies will finalize the terms and conditions, according to Posco Future M. “We sometimes hold back the information on the parties involved following the company’s request (of not making a full dis
MobilitySept. 12, 2024