Entry-level chip hiring jumps 47% in AI boom

JobKorea said Monday that entry-level hiring in South Korea's semiconductor industry surged in the first half of the year, reflecting robust demand for talent as the AI-driven chip boom continues. According to the recruitment platform's analysis, job postings for entry-level semiconductor positions jumped 47 percent from a year earlier. Entry-level roles accounted for 12.2 percent of all semiconductor job postings, up 2.4 percentage points from a year earlier and the highest share in five years,

2026-07-20 11:09:13:00

Daewoo E&C completes Ulsan LNG terminal project

Daewoo Engineering & Construction said Thursday that it has completed construction of a liquefied natural gas and oil terminal at Ulsan. The company said it finished all three phases of construction and related follow-up measures at the Ulsan Bukhang LNG Terminal — officially known as the Korea Energy Terminal — a joint venture between the Korea National Oil Corp. and SK Gas. The project covers the construction of a 215,000-kiloleter LNG storage tank, a vaporization and transmission facility wit

2026-07-16 13:46:33:00

GS Global enters K-beauty distribution in Japan with Cosme Kitchen

GS Global said Thursday it will launch three popular South Korean cosmetics brands — Jejuindi, Talitha Koum, and Pretty Actually — at Japanese premium beauty retailer Cosme Kitchen on July 24. This project, developed in close cooperation with GS Japan, GS Global’s Japanese subsidiary, marks the first commercial sales under GS Global’s new cosmetics business. The company said the launch represents the first step in its efforts to build a global beauty distribution platform. Cosme Kitchen is opera

2026-07-16 13:35:19:00

GS Caltex completes major Yeosu refinery overhaul deploying robots, AI

GS Caltex said Thursday it completed a 200 billion won ($135 million) turnaround at its Yeosu refinery, using robots, artificial intelligence and digital tools to improve safety and operational efficiency. A turnaround is a large-scale maintenance operation where refining and petrochemical plants halt operations for intensive inspections of key production facilities. By replacing aged components and consumables, the process serves as a foundation for safe and efficient plant operations. GS Calte

2026-07-16 12:52:52:00

CI Guarantee launches AI-powered digital platform for construction finance

CI Guarantee, South Korea's leading construction guarantee provider, said Tuesday it would launch a next-generation digital platform on Aug. 1 as part of its push to modernize construction finance with artificial intelligence. The platform will offer mobile guarantee applications through KakaoTalk, an AI-powered contract-drafting system and a 24-hour AI chatbot service. Member companies will be able to apply for guarantees directly through the KakaoTalk channel without submitting additional pape

2026-07-16 11:04:53:00

CU brings AI digital twins to retail planning

BGF Retail, operator of the convenience store chain CU, said Wednesday it signed a memorandum of understanding with AI startup Intellicia to accelerate AI-driven innovation across its retail operations. The agreement will combine Intellicia's AI synthetic consumer technology and AI-powered store digital twin platform, ParaStore, to generate deeper consumer insights and improve product planning, merchandising and store operations. The signing ceremony took place Tuesday at BGF Retail's headquarte

2026-07-15 14:50:06:00

Posco cuts debt with Korea's first bond tender offer

Posco said Wednesday it has completed a partial early redemption of its US dollar-denominated bonds through a debt tender offer, becoming the first Korean company to do so. The steelmaker repurchased $360 million of its $1 billion in five-year, 5.75 percent fixed-rate bonds issued in 2023 and originally due in January 2028. The early redemption, funded with existing cash reserves, is expected to reduce debt and save about $31 million in interest expenses that would otherwise have accrued until t

2026-07-15 14:00:00:00

SK On-Hyundai battery joint venture begins US production

Hyundai SK Battery Manufacturing America, the US battery joint venture between SK On and Hyundai Motor Group, has begun mass production and is supplying batteries to Hyundai's electric vehicle plant in Georgia, according to The Atlanta Journal-Constitution. HSBMA was established in 2023 with a combined investment of $5 billion from the two companies. Located in Bartow County, Georgia, the plant entered mass production in June and has started delivering batteries to Hyundai Motor Group Metaplant

2026-07-15 11:45:22:00

Foreign arrivals at regional airports hit record high

The Korea Airports Corporation said Tuesday that a record 1.57 million foreign travelers entered South Korea through the country's five major regional airports between January and May, underscoring growing demand for destinations beyond Seoul. The five airports are Gimhae International Airport, Jeju International Airport, Daegu International Airport, Cheongju International Airport and Yangyang International Airport. International arrivals through the five airports rose 42 percent from a year ear

2026-07-14 15:13:23:00

Princess Anne visits HD Hyundai to bolster maritime ties

Princess Anne visited HD Hyundai Heavy Industries' shipyard in Ulsan on Tuesday as the UK looks to strengthen its shipbuilding and maritime industries, the company said. The Princess Royal was accompanied by her husband, Vice Admiral Sir Timothy Laurence, and British Ambassador to South Korea Colin Crooks. HD Hyundai Chairman Chung Ki-sun, HD Hyundai Heavy Industries Vice Chairman Lee Sang-kyun and President Joo Won-ho welcomed the delegation, showcasing the company's shipbuilding technologies a

2026-07-14 15:01:34:00