Most Popular
-
1
North Korean troops killed, wounded in Ukraine war: Seoul defense minister
-
2
S. Korea, Singapore seal supply chain agreement
-
3
Korean language teaching expert says demand has outstripped supply
-
4
Conscripting women to lead to 'more babies,' claims military think tank
-
5
Korea added to key bond index
-
6
[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
-
7
Who is pollster roiling politics with claims of government string-pulling?
-
8
Taking away phones during school hours not a human rights violation: watchdog
-
9
North Korea notifies UN Command of plans to fortify border with South
-
10
Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
-
LG unveils younger, dynamic brand identity
LG Electronics introduced a new brand identity highlighting the value of its slogan “Life’s Good” to actively communicate with customers beyond generations and locations, the South Korean consumer appliance giant said Wednesday. The conglomerate shared its new brand communication guidelines with its employees all around the world, outlining a new direction for the brand for a younger and dynamic image, and ultimately, to establish itself as an iconic brand. “Having a stro
April 12, 2023
-
Google fined W42b for abusing market dominance
South Korea’s antitrust regulator said Tuesday it is imposing a fine of 42.1 billion won ($32 million) on Google LLC, Google Korea and Google Asia Pacific, along with a corrective order, for abusing their market dominance to solidify the No. 1 position in the local mobile gaming app market. The move came as the US platform giant pressured South Korean mobile game publishers to launch their new games through Google Play exclusively, prohibiting them from releasing their content on the One S
April 11, 2023
-
KOTRA vows all-out efforts to meet $685b export goal
The CEO of the state-run trade promotion agency KOTRA on Tuesday vowed the agency would try its best to reach South Korea’s export target of $685 billion this year. “We will strive to provide support to Korean firms, even if it results in just one additional dollar of exports," Yu Jeoung-yeol said during a press conference held in Jongno-gu, Seoul, on Tuesday. Yu’s announcement came after the Ministry of Trade, Industry and Energy said last week that it held a meeting in
April 11, 2023
-
[KH Explains] Samsung Pay safe 'for now' as Apple Pay enters Korea
Following the initial buzz surrounding Apple Pay's launch in Korea, users have began to discuss the service's limitations. "Why bother launching a service that customers can't use? I only find it (Apple Pay) useful for paying at convenience stores," said a comment on Asamo, a Naver blog for Apple enthusiasts. On the blog, another commenter even derisively dubbed Apple Pay "convenience store pay." Korea was never expected to be an easy market for Apple Pay, part
April 11, 2023
-
Renault Korea sponsors French photographer to capture Busan’s charm
Renault Korea Motors said Tuesday that it is sponsoring a photo exhibition of Thomas Goisque, a world-renowned French travel photographer, as part of its ongoing efforts to support Busan’s bid to host the 2030 Expo. The exhibition kicked off Monday at the France Art Space in Busan, with Renault Korea CEO Stephan Deblaise, Busan Mayor Park Heong-joon and Goisque, the photographer, in attendance. During his stay in Busan, Goisque also will shoot photos across the nation’s largest port
April 11, 2023
-
Samsung Display to supply OLED panels for Ferrari cars
Samsung Display, the display arm of Samsung Electronics, has clinched a deal to supply organic light emitting diode panels for Ferrari’s next generation automobiles, the company said on Tuesday. Samsung Display CEO Choi Joo-sun and Ferrari CEO Benedetto Vigna agreed for the Korean display maker to supply the OLED panels and support the luxury automaker’s latest effort for digital transformation, the company said. “Based on our extensive expertise in OLED technology, we are po
April 11, 2023
-
[Photo News] Korea-Japan business exchanges
SK Group Chairman Chey Tae-won (center), who is also chairman of the Korea Chamber of Commerce and Industry, poses with senior officials of KCCI and its Japanese counterpart, the Japan Chamber of Commerce and Industry, in Seoul, Monday. The two business groups held a working-level meeting for the first time in six years, following a Korea-Japan summit in Tokyo last month.
April 11, 2023
-
[Photo News] LG at Milan Design Week
LG Electronics’ Objet Collection OLED TV, in collaboration with the Dutch luxury furniture and interior brand Moooi, is displayed at Milan Design Week 2023, the world’s largest design fair that kicks off in the northern Italy city next week.
April 10, 2023
-
LS chief vows to expand presence in Europe
LS Group Chairman Koo Ja-eun has completed a nine-day trip to Europe as the South Korean conglomerate looks to expand its presence in the electric vehicle ecosystem of the region. According to LS Group Monday, Koo visited the local production sites of LS Cable & System and Superior Essex in Germany, Poland and Serbia from April 2-9. Koo conducted on-site tours to check the manufacturing processes of copper wires for EVs, battery parts and communication cables during his first overseas trip s
April 10, 2023
-
Celltrion confirms safety, efficacy of Xolair biosimilar
South Korean drugmaker Celltrion confirmed the safety and efficacy of its biosimilar version of Xolair, which treats asthma and urticaria, in a phase 3 clinical trial, the firm said on Monday. CT-P39 references Xolair, or omalizumab, a therapy jointly developed by global biotech company Genentech and healthcare company Novartis. Xolair is mainly used to treat allergic asthma and chronic urticaria, or hives, as well as nasal polyps. Global sales of the medication reached approximately 5 trillion
April 10, 2023
-
S. Korea, UK work together on nuclear power, clean energy
South Korea and Britain agreed to strengthen cooperation on nuclear power and clean energy, releasing a joint declaration Monday. South Korean Industry Minister Lee Chang-yang met with British Minister of Department for Energy Security and Net Zero Grant Shapps in Seoul and agreed to work together to secure energy security and handle climate change, the Korean Ministry of Trade, Industry and Energy said. Exchanging their thoughts on the importance of energy transition, the two ministers issued a
April 10, 2023
-
Over half of key listed firms see financial health worsen in 2022
More than half of major listed firms in South Korea saw their financial soundness worsen in 2022 amid high global interest rates and inflation, data showed Monday. The debt-to-equity ratio of 56 out of the 106 listed companies belonging to the country's top 10 business groups increased last year from a year earlier, according to the data from the Korea Exchange. In particular, as many as 21 companies had a debt ratio of 200 percent or higher. The data is based on those firms' separate
April 10, 2023
-
[Photo News] Dream of Expo
HD Hyundai said Sunday it will sponsor the 29th Dream Concert slated for May 27 in Busan, a competing candidate for World Expo 2030. This iconic K-pop concert, which has been sponsored by the shipbuilder since 1995, will take place in Busan for the first time to support the Expo bid. This year’s concert will be the official closing event for the World Climate Industry Expo in May. The photo shows the Dream Concert that took place in Jamsil, Seoul, last year.
April 9, 2023
-
Daewoo E&C, Binh Duong seek cooperation for Vietnam's new city project
Jungheung Group Vice Chairman Jung Won-ju met with Vietnam's Binh Duong Provincial People's Committee Chairman Vo Van Minh to discuss potential investment in the Vietnamese region. During the meeting at the headquarters of Jungheung subsidiary Daewoo Engineering & Construction on Thursday, the city asked for investment from Daewoo E&C, as Binh Duong is planning infrastructure and smart city projects along with new city development. "Vietnam is the most important hub of Dae
April 9, 2023
-
LG Electronics CEO travels to Southeast Asia to further market dominance
LG Electronics Chief Executive Officer Cho Joo-wan traveled to Vietnam, Indonesia and Thailand last week to inspect the company's key production facilities in Asia, the Korean consumer appliances giant said on Sunday. On the three-day tour, Cho met with the heads of the company's regional corporations and discussed ways to boost competitiveness and further dominance in the global market, LG said. The CEO also inspected the key plants that produce automotive parts, home appliances and T
April 9, 2023
-
S. Korea suspends operation of Kori-2 reactor for permission renewal
South Korea has temporarily suspended the Kori-2 nuclear reactor for safety inspections and improvements required to extend its operations, its operator said Sunday. The No. 2 reactor at the Kori Nuclear Power Plant, located in Busan, 325 kilometers southeast of Seoul, was halted at 10 p.m. Saturday upon the expiry of its 40-year permission to operate, according to the Korea Hydro & Nuclear Power Co. The industry ministry earlier said that the suspension was inevitable as the process to exte
April 9, 2023
-
Exports of instant noodles hit first-quarter high: data
South Korea's exports of instant noodles jumped 14.3 percent on-year in the first three months of 2023 to reach the highest figure for any first quarter ever amid the growing popularity of the Korean culture, data showed Sunday. The country exported $208 million worth of instant noodles, or "ramyeon" in Korean, in the January-March period, up from $181.93 million a year earlier, according to the Korea Agro-Fisheries and Food Trade Corp. It is the first time that the first-quarter
April 9, 2023
-
Foreign minister visits Hyundai Motor factory in India
Foreign Minister Park Jin visited Hyundai Motor's factory in the southern Indian city of Chennai, as part of his trip celebrating the 50th anniversary of diplomatic relations between Seoul and New Delhi, South Korea's foreign ministry said Sunday. According to the ministry, Park met with Hyundai Motor workers and toured the plant Saturday. Park thanked them for helping improve bilateral ties between South Korea and India by creating more than 9,000 jobs and developing auto and other re
April 9, 2023
-
South Korea posts current account deficit for 2nd straight month
South Korea posted a current account deficit for the second consecutive month in February, central bank data showed Friday, as the country's raw material imports grew while outbound shipments continued to slump. The current account balance in February saw a deficit of $520 million, after logging the biggest-ever deficit of $4.21 trillion in January. When looking into the data in more detail, the trade balance for goods posted a deficit of $1.3 billion, marking a $5.65 billion decrease com
April 7, 2023
-
LG greets BIE delegation with futuristic technologies
Upon arrival in Korea last week, an on-site inspection delegation from the Bureau International des Expositions (BIE), the regulating body of World Expos, paid a visit to Gwanghwamun, central Seoul, to look around a slew of exhibition booths set up by the nation’s top conglomerates. LG Group operated a huge booth, titled "Better Future for All with LG," where diverse technological innovations were showcased to impress the BIE delegation and express Korea’s strong will to ho
April 6, 2023