[From the scene] How a Mercedes plant is turning dead EV batteries into fresh materials

KUPPENHEIM, Germany -- A two-hour drive southwest of Mercedes-Benz’s Stuttgart headquarters, a new facility in the small town of Kuppenheim is poised to play a big role in the auto giant’s sustainability efforts. On Monday, brightly lit tanks, each glowing with a different hue, lined the walls of the 6,800-square-meter space, labeled with symbols for essential elements: lithium, nickel, cobalt and manganese. This is not a scene from a sci-fi movie, but a staged media presentation -

MobilityOct. 24, 2024

Seoul shares end lower amid weak GDP data, rate woes

Seoul shares closed lower Thursday on tech losses amid concerns over weak economic growth and diminishing expectations for Federal Reserve rate cuts. The Korean won, however, snapped its 8-day losing streak against the U.S. dollar. The benchmark Korea Composite Stock Price Index fell 18.59 points, or 0.7 percent, to close at 2,581.03. Trade volume was moderate, with 336.43 million shares worth 9.47 trillion won ($6.9 billion) changing hands, and losers outnumbering gainers 613 to 256. Institutio

MarketOct. 24, 2024

Korea's economic growth slows in Q3 on weaker exports

South Korea’s economy has grown by 0.1 percent in the third quarter from the prior quarter, undershooting forecasts by big margins due to unexpectedly slowed exports, according to preliminary data from the Bank of Korea on Thursday. The country's real gross domestic product -- a key measure of economic growth -- expanded 0.1 percent on-quarter in the July-September period, missing the 0.5 increase forecast by the central bank in August. This is a red flag for Asia’s fourth-large

EconomyOct. 24, 2024

Yoon, Duda seek stronger defense ties

President Yoon Suk Yeol and Polish President Andrzej Duda agreed to strengthen their bilateral partnership in the fields of defense equipment, carbon-free energy and technology, as Yoon on Thursday received the Polish leader on a state visit to South Korea. Yoon conveyed Seoul's intention to complete negotiations over the second batch of South Korea's K2 tank exports during a joint press conference after the summit in his office in Seoul. "The two countries will actively support t

PoliticsOct. 24, 2024

Pak Kyongni Prize winner Sylvie Germain laments tragedy of global conflict

Acclaimed French writer Sylvie Germain, known for her profound exploration of eras marked by violence and turmoil, including the Franco-Prussian War and the Algerian War, said it’s “disheartening” to see the current global situation, particularly the conflicts in the Middle East and Ukraine. “It’s tragic that humanity hasn’t learned from history, and we continue to see the same situations recur. The violence and destruction caused by war are deeply concerning.

BooksOct. 24, 2024

Dive into Irish literature this weekend

The Seoul Outdoor Library will feature a special focus on Irish literature this Friday and Saturday. From 11 a.m. to 6 p.m., a special Irish-themed booth will be open at Seoul Plaza, with an Irish step dancing performance at the plaza at 6 p.m. on Friday. From 4 p.m. to 6 p.m. on Saturday, a "Meet the Authors" session will be held on the first floor of the Seoul Metropolitan Library in Jung-gu. Three writers from Dublin -- Anne Griffin, Sinead Gleeson and Ronan Hession -- will discuss

BooksOct. 24, 2024

Youn Yuh-jung to star as billionaire in Netflix's ‘Beef’ season 2

Veteran actor Youn Yuj-jung (“Minari,” “Pachinko”) will star in season two of the Netflix series “Beef.” The new installment of this US anthology drama will feature Youn as the Korean billionaire owner of a country club. While the show’s creator, executive producer and showrunner Lee Sung-jin continues to helm season two of “Beef,” the new season will feature a whole new cast that includes Oscar Isaac, Carey Mulligan, Charles Melton and Cai

FilmOct. 24, 2024

Salzburg Festival president highlights century-long event's strengths

The Salzburg Festival is more than a festival celebrating Mozart, although the connection between Mozart and the festival held in the city of the composer's birth continues to be strong. “I believe that Mozart plays a crucial role in the festival, but what truly sets the Salzburg Festival apart is its dedication to showcasing a diverse array of programs,” Kristina Hammer, the president of Salzburg Festival, told reporters in Seoul on Wednesday. Hammer, president of the festi

CultureOct. 24, 2024

SK Innovation replaces heads of key subsidiaries

SK Innovation said Thursday that three of its key subsidiaries -- SK Energy, SK Geocentric and SK IE Technology -- have appointed new company heads with technological expertise to tackle business uncertainties and strengthen core competitiveness. The announcement comes eight days before the mega-merger of SK Innovation and SK E&S, two major energy affiliates of SK Group, which will create Korea’s largest energy giant with combined assets of 100 trillion won ($723.6 billion). The newly

IndustryOct. 24, 2024

Long-term foreign residents in S. Korea at all-time high

The number of foreign nationals residing in South Korea long-term has increased to an all-time high, reaching almost 2.5 million last year, according to official data presented by the Ministry of Interior and Safety on Thursday. As of Nov. 1, 2023, there were a total of 2,459,542 foreign nationals staying in Korea for at least three months. According to the Interior Ministry -- which defines foreign residents as those without Korean nationality, those who have obtained Korean citizenship but are

Social AffairsOct. 24, 2024

Korea Zinc shares soar 30% amid prolonged ownership fight

Shares of Korea Zinc, the world’s largest zinc smelter, jumped almost 30 percent on Thursday amid speculation that the prolonged power struggle between the current management and the MBK Partners-Young Poong coalition could push the share price up further in the coming weeks. The shares of Korea Zinc closed at 1.13 million won ($825), up 262,000 won or 29.91 percent from the previous day, hitting the upper circuit limit. The uptick comes after the tender offer of the current management clo

MarketOct. 24, 2024

Samsung mobile chief upbeat on Galaxy S24 sales

Samsung Electronics's mobile business chief Roh Tae-moon has pinned high hopes on the latest flagship Galaxy S24 series to drive up the company's smartphone business this year overall. Speaking to the employees in a regular town hall meeting on Wednesday, Roh reiterated the company's goal of creating an "ecosystem of Galaxy AI" to introduce the artificial intelligence model to all of its mobile devices, according to industry sources. "Galaxy has led the way into the

IndustryOct. 24, 2024

SK hynix reports earnings surprise in Q3 on AI chip boom

SK hynix, the world’s second-largest memory chip maker by revenue, said Thursday it logged all-time high profit, sales and net income in the July-September period this year, riding on the robust demand for its artificial intelligence chips. The company reported a quarterly operating profit of 7.03 trillion won ($5.1 billion), compared with a loss of 1.79 trillion won a year ago. The figure is higher than the consensus of 6.76 trillion won by local analysts provided by market intelligence F

TechnologyOct. 24, 2024

Hyundai Motor's Q3 profit missses estimates

Hyundai Motor Company reported 3.58 trillion won ($2.5 billion) in third-quarter operating profit Thursday, down 6.5 percent from the same quarter last year and missing the market consensus of 3.9 trillion won. The automaker explained in a conference call that a proactive warranty extension for the North American Grand Santa Fe, a sport utility vehicle, caused a provision of about 320 billion won and affected the lower-than-expected operating profit for the July to Sept. period. Despite the dip

CompaniesOct. 24, 2024

Hyundai Glovis adopts fire control system for safer EV shipping

Hyundai Glovis, Hyundai Motor Group's logistics and distribution subsidiary, said Thursday that it has equipped its automobile carriers with a fire suppression system to prevent potential incidents while delivering electric vehicles. The EV-Drill Lance system is designed to quench electric vehicle fires. High-pressure water flowing from a fire hydrant spins turbines, enabling the drill to pierce to the bottom of a car. Water can then flow into the battery pack and fully extinguish the fire

IndustryOct. 24, 2024

Jessi apologizes for assault case involving fan

Rapper-singer Jessi apologized Wednesday following heavy backlash after a fan was assaulted by a man who was with her at that time. In a statement posted to her Instagram account, the Korean-American singer expressed regret and apologized. “I deeply apologize to the victim and his family for causing pain,” she said. “From the moment the incident happened until now, I have hurt many, including the victim, and left them feeling betrayed and angry due to my wrong actions, attitude

Social AffairsOct. 24, 2024

In first, North Korea drops leaflets targeting South Korean presidential couple

North Korea on Thursday flew another batch of trash balloons toward the South, most of which landed in Seoul and nearby areas, including Yongsan where the presidential office is located, according to the South Korean Joint Chiefs of Staff. For the first time since the balloon offensive began in May, the balloons carried leaflets targeting President Yoon Suk Yeol and his wife, Kim Keon Hee. Some leaflets called Yoon a “thug” while others accused the first lady of going on extravagant

PoliticsOct. 24, 2024

Man stops attack against store clerk

A man is being considered for commendation after intervening in an assault against a convenience store clerk, local media outlets reported Thursday. According to the local broadcaster YTN, the attack occurred at a convenience store in Gangnam-gu, southern Seoul in the early hours of Tuesday morning. The suspect, identified only as a foreign national in his 20s, attempted to buy a bottle of soju but the store clerk in his 60s repeatedly refused to sell it, citing that the suspect needed an ID to

Social AffairsOct. 24, 2024

Tattoo artist calls for all body inking to be legal at audit

The debate on legalizing tattooing by non-medical practitioners further heightened on Thursday, after a veteran tattoo artist called to scrap the decades-old regulation that officially restricts the practice to only being conducted by licensed medical personnel. "I looked around the room, and about half of the people here have tattoos. But I don't think there's a single person who got it legally," Kim Do-yoon, who heads the country's first labor union of tattooists, told

Social AffairsOct. 24, 2024

New envoy expects upgrade in Uzbek-Korean ties

Uzbekistan’s newly appointed Ambassador to South Korea Alisher Abdusalomov expressed hopes for expanded economic, academic and tourism cooperation during a courtesy visit to Herald Media Group on Wednesday. “It’s very interesting to hear the concerns of Korean companies and CEOs when doing business overseas at (The Herald's) Global Business Forum,” Abdusalomov said, sharing his memories of attending Herald Media Group’s biannual forum held last year. Herald Med

Foreign AffairsOct. 24, 2024