The Korean Federation of Community Credit Cooperatives, the nation’s leading mutual financial institution, said Friday it had further expanded its global financial inclusion model for developing countries, allowing greater access to financial services that can help them alleviate poverty. “Under the Sustainable Development Goals, a universal call to end poverty and inequality by the United Nations, we will continue to practice environmental, social and corporate governance effort

Industry Sept. 24, 2023

South Korean oil refiner S-Oil held the company’s annual charity event, dubbed “Sharing Songpyeon with S-Oil,” on Friday, for the upcoming Chuseok holiday. S-Oil CEO and some 100 employees made songpyeon -- traditional half-moon-shaped rice cakes served during Chuseok -- and 500 gift packages, spending 50 million won ($37,400) in total. “Korea’s Chuseok is a meaningful holiday that celebrates a plentiful harvest with families, gathering together to eat special foods

Industry Sept. 22, 2023

Han Sung Motor, the local importer and distributor of Mercedes-Benz, said Thursday it has won five events in this year’s “Korea TechMaster,” a technician competition held by the German brand. Since 2007, Mercedes-Benz Korea has run the Korea TechMaster competition every two years with the aim of further ramping up the brand’s expertise and customer services. Following the preliminary round attended by 969 service center employees, only 40 people remained in the final tour

Industry Sept. 21, 2023

Hana Financial Group announced Thursday it will launch a five-year project, Hana-run day care centers, that are open 365 days, even 24 hours a day, with the aim of reversing South Korea’s continually falling birth rate. This new project is a part of the program, Hana Life Journey Support, which strives to alleviate the struggles shared by families going through life-changing events such as marriage, childbirth and aging. Aiming to tackle the nation’s record-low birth rate, Hana has f

Industry Sept. 21, 2023

Korean IT solutions provider LG CNS said Tuesday its employees a one-day class for elementary students in Buyeo-gun, South Chungcheong Province, to promote inclusive access to digital education. The social contribution campaign is a part of the company’s “AI Genius” program to help the youths set their future goals and visions with AI. Following its first activity at Gangneung, Gangwon Province last year, LG CNS once again launched the coding class for students in rural areas,

Industry Sept. 21, 2023

Merck Korea, the Korean unit of the German chemicals giant, shared the company’s solutions for the future semiconductor industry at an academic conference held by Alumninetzwerk Deutschland-Korea, Tuesday. Under the topic “Unlocking the potential of artificial intelligence and machine learning in semiconductor manufacturing,” Steven Eulig, head of business development for digital solutions at Merck Electronics, delivered a speech on the company’s digital insight. While th

Industry Sept. 20, 2023

South Korea’s leading battery maker Samsung SDI said Wednesday it has achieved the highest certification of "Platinum" from UL Solutions’ Zero Waste to Landfill program for all six facilities at home. UL Solutions, a global leader in applied safety science, tested the company’s landfill diversion levels according to its ZWTL program, classifying them into 100 percent "Platinum," 99 to 95 percent "Gold," and 94 to 90 percent "Silver" ratin

Industry Sept. 20, 2023

Standard Chartered Bank Korea said Tuesday it started a commercial campaign for its new savings product featuring Kim Young-ok, the oldest working actress in Korea. Under the slogan “You still don’t know? Let’s be clear! Jaeil EZ account,” the new commercial features Kim, 85, as a restaurant owner, telling diners the benefits of the new Jaeil EZ account in a humorous and friendly manner. The bank also chose Korean rock band Itzi’s “Emergency Room” as the

Industry Sept. 19, 2023

BAT Rothmans, the Korean unit of British America Tobacco, said Tuesday it started a flower planting campaign dubbed “Kkot BAT,” with the aim to save alleys from litter and cigarette butts. “Kkot,” meaning “flower,” and “BAT," meaning “plot” in Korean, this new campaign lays lively flower pots or flower beds in neighborhoods suffering from littering and illegal waste disposal. Acknowledging the roles of citizens in this campaign, BAT Roth

Industry Sept. 19, 2023

ACE Engineering, the nation's energy storage system supplier, said Monday it has successfully participated in RE+ 2023, celebrating the launch of “Big Rock 1” project with key players of the renewable energy industry. Held from Sept. 11-14 in Las Vegas, RE+ 2023 is North America's largest renewable energy convention. ACE Engineering showcased its exhibition booth there along with 1,300 global companies and 30,000 attendees. Having more than 30 meetings with renewable ener

Industry Sept. 18, 2023

South Korean oil refiner S-Oil said Monday it has donated 470 million won ($354,000) to dedicated firefighters, under a partnership with the National Fire Agency and Korea National Council on Social Welfare. This year’s donation will be used for the treatment of injured firefighters as well as scholarship funds for the children of firefighters who died on duty, the company said. Grants will also be given as awards for selected "Hero Firefighters." The donation ceremony was held a

Industry Sept. 18, 2023

Resource recycling company DS Dansuk held the groundbreaking ceremony of its new Hydrotreated Vegetable Oil refinery in Pyeongtaek, Gyeonggi Province, Wednesday, the firm said Thursday. Aiming to finish the construction by next July, the second-generation biodiesel refinery is an extension of the company’s first biodiesel plant in Pyeongtaek. DS Dansuk will invest 35.7 billion won ($27 million) in the construction, the company said. The ceremony was attended by about 70 employees, includin

Industry Sept. 14, 2023

Posco International announced Wednesday it has signed with Hyundai Motor Group to supply an additional 3.53 million units of motor core, ramping up its presence in the global mobility industry. Under the contract starting from 2026, Posco International will provide 2.72 million units of motor core to Hyundai Motor Group Metaplant America, the carmaker’s first EV plant in the US, for eight years. The other 810,000 units will be supplied to Hyundai’s EV production at home for 10 years.

Industry Sept. 14, 2023

Korean fried chicken franchise Genesis BBQ on Wednesday said BBQ Chicken was introduced as the leader of the K-chicken craze in the United States in a recent report by Quick Service Restaurant magazine. Last month, QSR, a US publication that covers the fast food restaurant industry, released an article that highlights BBQ Chicken’s distinctive strategies behind its sharp growth in the country. The “mouth-watering” crispy Korean fried chicken BBQ is rapidly expanding its presenc

Industry Sept. 13, 2023

Korean streaming platform Coupang Play has showed the fastest year-on-year subscriber growth in the country, outpacing other local and global competitors to reach a milestone 6 million subscribers last month, less three years since its launch, according to a ranking announced by WiseApp on Friday. A total of 6.34 million people were subscribing to Coupang Play as of last month, according to WiseApp, which analyzes user behavior of mobile applications, in its August analysis of the number of subs

Industry Sept. 12, 2023