Delivery discounts offered to support restaurants, social distancing

Consumers who order more than 20,000 won ($18.30) on designated delivery apps with a credit card will get 10,000 won as a cash back reward or discount, the government said on Dec. 29. Currently, seven delivery apps including Baedal Minjok, Yogiyo, Payco and Coupang Eats are participating, and four more apps are expected to join as soon as they complete system maintenance. 　   Payments have to be made on the delivery apps with credit cards issued by nine card companies -- KB Kookmin, N

E-commerce‌ ‌giant‌ ‌launches‌ ‌video‌ ‌streaming‌ ‌service‌ ‌Coupang‌ ‌Play‌ ‌ ‌

　Coupang,‌ ‌one‌ ‌of‌ ‌Asia‌’‌s‌ ‌largest‌ ‌eCommerce‌ ‌companies,‌ ‌on‌ ‌Dec.‌ ‌28‌ ‌said‌ ‌that‌ ‌it‌ ‌added‌ ‌video‌ ‌streaming‌ ‌as‌ ‌its‌ ‌latest‌ offering‌ ‌to‌ ‌WOW‌ ‌members‌ ‌with‌ ‌the‌ ‌launch‌ ‌of‌ ‌Coupang&

Vice minister warns against market overheating during crisis management

South Korea’s Finance Vice Minister Kim Yong-beom warned on Dec. 8 that the ample liquidity level that arose during the COVID-19 crisis management procedure may trigger an overheating phenomenon in the assets market. 　He especially urged real estate market participants not to get carried away by the current uptrend, pointing out that the country will phase out the current expansionary economic policies once the ongoing epidemic crisis dies down. 　“Lately, leading economies have see

Posco International invests in local laser cutting application firm

Posco International, South Korea’s largest trading company, said on Dec. 8 that it has invested in local laser cutting applications developer Innovated Technology. 　The two firms partnered through an acquisition of shares in Innovated Technology by Posco International. The details were not disclosed. 　 　Innovated Technology currently has a wide range of laser cut solutions used in making tempered glass, as well as those used to protect displays. The firm currently processes ultrathin

Young feminist runs for Seoul mayor

Party vows monthly basic income, mandatory parental leave for both parents

Microbiome key to personalized health supplements

Korean startup’s technology meets Amway’s global product lineup

Meet ant investors' YouTube guru

Kim Dong-hwan, the founder of a market and economic YouTube show “Three Pros” had never imagined that his channel would have 1 million subscribers, a tenfold increase, just within a year. “Three Pros: With Economic God” provides daily market updates and analysis of industries and economy and is hosted by three “pros” in the field: Kim, Lee Jin-woo and Jung Young-jin. The channel has recorded more than 200 million views so far and attracts as many as 60,000

GreenPureTech seeks to provide the world with hospital beds

A lack of hospital beds has been one of the painstaking points of COVID-19 pandemic as more and more medical institutions around the globe become overwhelmed with patients amid the relentless spread of the coronavirus. GreenPureTech., a Seoul-based medical equipment provider, hopes to provide quick relief to this bed crunch and contribute to saving more lives. According to CEO Lim Hyung-bo, the company is an unrivalled leader in the field of movable negative pressure rooms in South Korea, wi

South Korea No. 5 in relative income poverty: OECD

Elderly living below poverty line tops list of 33 countries

AFoCO views forest cooperation as key to battle climate and pandemic crisis

Asia tackles the transnational risks of climate and pandemic through AFoCO

The story behind Korea’s ‘screen golf’

How Golfzon popularized the outdoor sport in highly-packed urban areas

LG Chem breaks earnings records on battery boom

LG Display pares losses, Kia's Q4 net nearly triples