South Korean telecommunications giant KT announced Sunday that it will push forward a non-face-to-face health care project in Vietnam involving health examination centers and artificial intelligence in medical fields. The company plans to conduct a pilot service for cancer and chronic disease patients using a remote care platform with KT Healthcare Vina, a Vietnamese medical corporation establis...

South Korean food giant Pulmuone said Sunday it is planning on expanding the production line of its Asian noodle products in the United States by the end of this year, following its burgeoning Asian noodle business there. According to Pulmuone, the company said its sales of Asian noodles in the US were tallied at $72.2 million last year, seeing an on-year growth of 65 percent. Over the course o...

Kim Dong-sun set to nurture his own retail empire, with his father’s succession scheme taking shape

Kakao Corp., a major South Korean tech firm, beat its rival Naver Corp. in terms of average wage for three consecutive years through 2022, data showed Sunday. Kakao, which operates the country's most popular mobile messenger, KakaoTalk, saw its average wage reach 139 million won ($103,422) last year, hovering above the 134.49 million won posted by Naver, according to the data released by the Fin...

Investment advisory firm Mavek and multinational software company SAP will jointly host a global semiconductor webinar on June 8, which will shed light on the semiconductor industries in Japan, Korea and Taiwan. Titled “Taiwan, Japan, & South Korea -- Where do they head?” -- the upcoming webinar is the third installment of an ongoing four-part series called “Global Semiconductor Chip Wars & Impl...

Self-rescue package, which includes building sales and salary freezes, drawn up to deal with cumulative losses of nearly W40tr

HMM, South Korea’s largest LNG shipping firm, will join a bid to acquire a 100 percent stake in Hyundai LNG Shipping after selling the LNG carrier operator to a local private equity firm nearly 10 years prior. According to industry sources on Friday, HMM delivered its intent to participate in the takeover bid to IMM Private Equity and IMM Investment, which together own a 100 percent stake in Hyu...

Starbucks Korea is putting off its summer promotional event for 2023 in order to carry out tougher product inspection in the aftermath of the massive recall of a promotional product that contained toxic, carcinogenic chemicals last year. The seasonal promotional event, called the “e-frequency” reward program, has been taking place biannually in South Korea, offering limited-edition goods to its ...

BOE files series of patent infringement lawsuits against Samsung

Arrival of Apple Pay in March prompts discussion of potential changes to Samsung Pay's fee structure.

Posco International said Wednesday it is planning to secure a 174,000-cubic-meter liquefied natural gas carrier to boost its LNG business value chain. The company signed a long-term charter contract with H-Line Shipping, a Korean shipping firm specializing in domestic ocean transport and ship management services. Posco noted that a self-operating LNG carrier will help manage production, storage...

KB Financial Group Chairman Yoon Jong-kyoo said the banking group has been preparing for potential insolvency risks in project financing in the Korean real estate market by increasing its reserve holdings during a global investor relations event held in Singapore on Tuesday. During the "Invest K-Finance: Singapore IR 2023" event, many global investors voiced concern over the rising risks in the ...

CEO hints at aggressive investments in Taiwanese business, more incentives for loyal customers

Country christens 1st homegrown advanced LNG bunkering ship