A Korean Air plane overran a runway at the Cebu International Airport in the Philippines while attempting to land in poor weather late Sunday. No injuries were reported. The flight had 162 passengers and 11 crew onboard. Korean Air flight KE631, which had departed from Incheon to Cebu, had attempted to land twice in poor weather, and on the third attempt overran the runway, according to the Sout...

A worker was injured at one of South Korean bakery giant SPC Group’s bread-making factories on Sunday, just two days after its chief extended a public apology in response to a deadly accident in another factory run by the bakery group. A factory worker in his 40s lost a finger when trying to sort out defective products from a conveyer belt at a Shany bread-making factory operated by SPC Group in...

Robots that resemble animals such as dogs or snakes patrolling industrial facilities will soon be a familiar sight as manufacturers look for high-tech solutions to prevent human casualties or injuries which could hold them legally responsible. Hyundai Steel Co. is testing a four-legged walking robot to help prevent damage to humans in case of accidents or disasters. The robot, called Spot, can ...

Tech giant Naver is delving deeper into artificial intelligence with its supersized HyperClova platform trained in the Korean language, and hopes to use the technology to connect to users on a deeper level to identify their needs, said a ranking executive leading the development. Portraying how society would be a much warmer place for the elderly and those with health conditions with advanced AI...

South Korea has been outpaced by most members of the Organization for Economic Cooperation and Development regarding key labor-related indicators, a local business lobby found Tuesday. According to the Federation of Korean Industries, Korea ranked 29th for its employment rate among 37 OECD members in 2021, a drastic fall from the 23rd position it had maintained between 2016 and 2000. Though Kor...

Renault Group will be investing hundreds of millions of euros in South Korea for the next six years to turn the country into an export hub for its mid to large-size vehicles, its CEO said Tuesday in Seoul. “We want to make Korea the key export hub for large (-vehicle) segments. Being in Korea is also a fantastic way for us to keep the group partnered to one of the most innovative tech ecosystems...

LS Cable & System, LS Group’s cable manufacturing unit, said Tuesday it would make a 25.2 billion won ($17.58 million) equity investment in KT Submarine to foster its undersea cables business. The company will acquire 4.04 million stocks, 16 percent of KT Submarine’s share, becoming the second-largest shareholder of KT Submarine. The cable manufacturer has been expanding investment in undersea ...

Hanwha Engineering and Construction will withdraw from the 14 trillion won ($10.1 billion) Bismayah New City construction project in Iraq as the Iraqi government has failed to make payment. According to Hanwha E&C on Monday, its parent firm Hanwha Corp. informed the Iraq National Investment Commission last Friday it would revoke the contract due to the outstanding construction cost payment. The ...

South Korea's antitrust regulator, the Fair Trade Commission, is likely to go through an organizational reform to enhance its role in investigating antitrust cases and while focusing less on policy formulation, related ministries said Sunday. The plan set to be carried out by the end of this year, would have the agency focus more on regulating unfair practices, they said. Currently, the FTC is ...

A parliamentary inspection of the Land, Infrastructure, and Transport Committee kicked off Thursday to question businesses over their mishaps or irregularities that undermined public safety, but hearing sessions went on without business chiefs in attendance. The initial list of requested witnesses submitted by the ruling People Power Party and the main opposition Democratic Party of Korea includ...

Korea Shipbuilding & Offshore Engineering said Wednesday it has inked a 2.09 trillion won ($1.46 billion) contract to build seven eco-friendly ships. KSOE, the world’s biggest shipbuilder by order backlog, signed contracts with Denmark-based integrated logistics company Maersk and Excelerate Energy, for six 17,000 TEU methanol-powered large container ships and one 170,000 cubic meters of liquefi...

South Korean builder Daewoo E&C and its parent company Jungheung Group participated in a campaign to improve the living environment of a descendant of an independence patriot as part of its corporate social responsibility project on Friday, the companies said Tuesday. The campaign hosted by Habitat Korea involves renovating old houses in which descendants of independence patriots experiencing ec...

The government will raise late-night taxi-hailing fees to 5,000 won ($3.49) which will go into the pockets of taxi drivers, not platform companies, to bring back drivers who left the industry during the pandemic curfew, the transport ministry said Tuesday. According to the plan devised to resolve the nighttime taxi shortage, taxis operating from 10 p.m. to 3 a.m. will receive up to 5,000 won as ...

La Boutique Bleue, a premium home spa care brand that launched in South Korea in 2021, introduced a non-fungible token certification service, the company said Friday. According to LBB, it has offered VIP membership cards in the form of NFTs to participants that took part in the launch event of the Italian luxury golf wear brand Filippo Piana in Seoul. LBB had collaborated with Filippo Piana in ...

Hyundai Motor Group’s hydrogen fuel-cell trailer drone concept Trailer Drone won the 2022 Red Dot Design Concept Luminary award, according to the company on Friday. It is the first time the South Korean automaker won the Luminary award, the highest level of recognition accorded at the Red Dot Award, it added. The Trailer Drone concept is a hydrogen-powered container transportation system capabl...