Posco Group Chairman Choi Jeong-woo (right) joins efforts to remove mud and debris at the steel giant’s plant in the southeastern city of Pohang on Saturday. Posco said it aims to fully normalize operations of the typhoon-hit plant by early December. (Posco)

Such abatement technologies are a core part of Samsung Electronics' renewed green commitment under the "New Environmental Strategy" unveiled Thursday, aimed at fully transitioning to renewable energy and achieving net-zero emissions. Samsung has pledged a 7 trillion won ($5 billion) investment to achieve its climate ambitions, and announced that it had recently joined RE100, a coalition comprisi...

Jeju Air Co., South Korea's leading budget carrier, said Sunday it has signed an initial pact with an Indonesian provincial government for a partnership to open a new route between the two countries. Jeju Air has signed a memorandum of understanding with North Sulawesi Province to explore opportunities to offer flights to the Southeast Asian country, the company said in a statement. The Indones...

Hyundai Engineering & Construction Co., South Korea's leading builder, said Sunday it has received a 1.9 trillion-won ($1.4 billion) railway order in the Philippines. Hyundai E&C will build a 56-kilometer railway connecting the capital city of Manila to the southern city of Calamba in the next six years, the company said in a statement. The company said it recently received notification that it...

National Tax Service Commissioner Kim Chang-ki said that the tax agency will ensure transparent and impartial tax services for foreign firms operating here at a roundtable meeting with the American Chamber of Commerce in Korea on Friday. "We are thankful for the deep trust and constant investment US firms make in Korea," he said. "The NTS will continue to provide foreign firms with a world-clas...

South Korea's car exports jumped 35.9 percent on-year in August on brisk global demand for eco-friendly cars, data showed Friday. The value of outbound shipments of automobiles came to $4.12 billion last month, the largest ever figure for any August, according to the data from the Ministry of Trade, Industry and Energy. In terms of volume, a total of 168,155 vehicles were sold last month, up 29...

This photo provided by Posco on Thursday shows inside of a submerged steelmaking plant in Pohang, North Gyeongsang Province, on Sept. 6, when up to 110 millimeters of rain per hour was recorded in the region. Repair work is underway, the company said, targeting a full recovery in three months, after it resumed operations of three furnaces earlier this week. Flooded electricity connections dealt a...

Patented 'Activa' helps grow saponin-rich red jinseng, balloon flower roots

LG Uplus, South Korea’s third-largest telecom operator by market share, has pledged to increase the sales proportion of non-telecommunication services to 40 percent of the total by 2027 with a focus on developing platform businesses. “Now moving beyond the area of traditional telecom businesses, we are looking to open up the era of ‘U+3.0’ that creates data- and technology-based platforms and se...

Operator of S. Korea's main air gateway becomes world's first to be granted with level 5 accreditation

In its first debut outside of Europe, Volkswagen Korea launched its pure electric sports utility vehicle, ID.4, in Seoul on Thursday, stressing that the local market is "essential" for the German carmaker's e-mobility business. "Korea is one of the fastest pioneering EV countries. We decided to make sure we have our first ID.4 outside of Europe (in South Korea), as South Korea is essential for V...

Hyundai Motor Group said Thursday that it has won $3.5 million in funding from the US Environmental Protection Agency (EPA) to participate in an air pollution reduction project. Under the project, the Korean carmaker will replace five diesel trucks with its hydrogen-powered Xcient Fuel Cell trucks, in California, by the third quarter of 2023. Under EPA’s Targeted Airshed Grant funding program, w...

Digital art platform ArtToken said Thursday it has partnered with Samsung Electronics to provide non-fungible token art contents on Samsung’s smart televisions. Customers will now be able to purchase, store and view NFT artworks from home through Samsung’s smart televisions. ArtToken’s NFT platform will be connected to Samsung’s smart hub through a smart TV application, the company said. The ap...

Volvo's popular compact SUV XC40 has finally made its South Korean debut -- four years since its official global launch. The model comes with a digital connectivity package the automaker co-developed exclusively for the Korean market with local mobility service firm T Map Mobility. The package, which took two years and 30 billion won ($21.5 million) to develop, includes an information and enter...

Samsung Electronics said Thursday it has joined the RE100 initiative to set net-zero targets by 2050 and ensure the full use of renewable energy, making a major shift in the IT devices manufacturing giant that consumed the largest amount of electricity in the world. By pledging to use less electricity and reuse and recycle resources like plastic and water, the chips-to-consumer electronics giant...