Most Popular
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S. Korea, Singapore seal supply chain agreement
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North Korean troops killed, wounded in Ukraine war: Seoul defense minister
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Korean language teaching expert says demand has outstripped supply
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[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
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Conscripting women to lead to 'more babies,' claims military think tank
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K-pop CEOs sidestep key issues at National Assembly audit
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Who is pollster roiling politics with claims of government string-pulling?
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Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
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Taking away phones during school hours not a human rights violation: watchdog
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Korea launches antidumping probe into Chinese steel
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[Photo News] Flour under pressure
A man looks around a flour section at a discount store in Seoul on Wednesday amid growing concerns over possible grain price hike with India‘s wheat export ban.
May 18, 2022
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Siita, dubbed 'the Apple of cosmetics,' aims to lead sustainable cosmetics with plastics decomposition tech
South Korean skincare brand Siita said it has developed a new technology to speed up plastic decomposition, becoming the only zero-waste enterprise globally to treat its own plastic waste. Siita’s technology, unveiled in September, accelerates the decomposition process of plastic from 500 years to just 3 months, according to the skincare company. Celebrities such as Hollywood actor Jeremy Renner and K-pop singer CL voiced their support for the skincare company’s sustainable and ec
May 18, 2022
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Posco Energy, CIP to cooperate on offshore wind power, green hydrogen
Posco Energy said it signed a deal with a Danish fund management firm focused on renewable energy infrastructure to work together on offshore wind power and green hydrogen business. The largest private energy producer in South Korea said it will cooperate with Copenhagen Infrastructure Partners on the offshore wind power business; supply chain including steel products for offshore wind power; green hydrogen business; and run a joint working group. Posco Energy President Chung Ki-sup, CIP Manag
May 18, 2022
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Hyundai to launch upgraded Palisade SUV this week
South Korean automaker Hyundai Motor Co. said Wednesday it will launch the upgraded Palisade SUV in the domestic market this week amid the prolonged global chip shortage. The face-lifted Palisade comes with a 3.8-liter gasoline engine or a 2.2-liter diesel engine, and is priced at 39 million won-52 million won ($30,700-$41,000), the company said in a statement. Hyundai plans to ship the flagship SUV to the United States and other markets within this year. Carmakers have been struggling with the
May 18, 2022
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Samsung Electronics reigns as best-run firm in S. Korea in 2021
Global tech behemoth Samsung Electronics Co. was ranked as the best-managed company among South Korea's top 500 businesses in 2021 to retain the top spot for three years running, a corporate tracker said Wednesday. Samsung, the world's top memory chip and smartphone maker, obtained 766.9 out of 800 points in an assessment of high growth, investment, global competitiveness, job creation and four other categories, the highest among the leading firms by sales, according to CEO Score. Sams
May 18, 2022
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Corporate Korea expects Biden’s IPEF to resolve supply disruption, Japan ties
Korean businesses have pinned high hopes on the imminent launch of a new US-led economic initiative, called the Indo-Pacific Economic Framework or IPEF, in tackling supply chain disruptions and improving soured ties with Japan. But they remained cautious about the new platform’s anti-Chinese undertones. South Korea’s envisioned entry into the IPEF is expected to top the agenda during summit talks between Presidents Yoon Suk-yeol and Joe Biden in Seoul on Saturday. The IPEF aims
May 17, 2022
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[Photo News] Consumer price woes
A customer looks around a cosmetics section of a department store in Seoul. Manufacturers for health and beauty products have been under increasing pressure to raise product prices amid the prolonged Russian attack on Ukraine and intensifying concerns over Indonesia’s palm oil export ban.
May 17, 2022
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WeWork Korea looks to ‘export’ its premium service overseas
Patricia Chun, general manager of WeWork Korea, said Tuesday that the company is considering launching its premium office service in the global market, driven by soaring demand for worker-friendly and customized official rental services. Launched on May 1, the WeWork premium service is available at its Seoul Square, Gangnam, Yeoiudo and Gwanghwamun branches. The firm plans to export the service to the global market including the United States. Among global WeWork branches, WeWork Korea
May 17, 2022
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Korean food tours for foreigners launched
SEJONG -- A program aimed at introducing Korean food to foreigners kicked off Monday, the Ministry of Agriculture, Food and Rural Affairs said Tuesday. The program, which consists of a total of 20 food tours, will run between May and November this year in Seoul and across the country. Foreign residents and tourists can also learn recipes for a variety of Korean food, including traditional sauces and kimchi, in one-day cooking classes by Korean food chefs and masters nationwide, the ministry sa
May 17, 2022
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Henkel Korea launches ‘Zero Mosquito’ campaign
Henkel Homecare Korea’s insecticide brand Home Keeper & Home Mat said it has launched an awareness campaign to provide information about the dangers of mosquitoes in collaboration with the Korean Red Cross for the second year running. The “Zero Mosquito Campaign” is aimed at helping vulnerable groups to get through the summer, when mosquitoes are most active, according to the insecticide maker. Last year, the company held the “Zero Mosquito Donation Challenge&rdqu
May 17, 2022
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Samsung Heavy wins W862.3b order for 3 LNG carriers
Samsung Heavy Industries Co., the world's No. 3 shipbuilder by order backlog, said Tuesday it has bagged a 862.3 billion-won (US$671 million) order to build three liquefied natural gas (LNG) carriers in Africa. Samsung Heavy said it will construct those LNG carriers for an unidentified African shipper and deliver them by January 2026. The vessels will have top-of-the-line equipment, such as a membrane-type storage tank and a duel fuel gas engine, said Samsung Heavy, the shipbuilding arm of
May 17, 2022
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Kakao Mobility partners with Miki Taxi for Guam service
Kakao Mobility Corp., South Korea's leading taxi-hailing company, said Tuesday it has forged a business partnership with Miki Taxi, a major taxi operator in Guam, to provide ride-hailing services in the Pacific territory. Through the partnership with Miki Taxi, which operates approximately 40 percent of all taxis in Guam, Kakao Mobility plans to offer mobility hail service on the island via its Kakao T application starting in the third quarter. The new Guam service will initially be limited
May 17, 2022
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Efficiency of COVID-19 vaccination proven with breakthrough cases: researchers
South Korean researchers have added new evidence that mRNA vaccinations can prevent severe symptoms in breakthrough infections of omicron and other variants of the coronavirus that causes COVID-19, the Institute for Basic Science said Monday. The research team led by Shin Eui-cheol, professor at KAIST graduate school of medical science and engineering, has analyzed the bloodwork of participants who received mRNA vaccine and those who were vaccinated after contracting COVID-19. The team found
May 17, 2022
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Hyundai E&C to issue non-fungible tokens for 75th anniversary
Major South Korean builder Hyundai Engineering & Construction Co. said Tuesday it will issue non-fungible tokens (NFTs) to celebrate the 75th anniversary of its foundation this year. To that end, Hyundai E&C recently signed a memorandum of understanding with local digital entertainment provider Sandbox Network on mutual exchange and cooperation in the NFT-metaverse sector. Hyundai E&C, the second-largest builder in Asia's fourth-largest economy, will become the first local industry player t
May 17, 2022
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Air Seoul to resume Incheon-Boracay route next month
Air Seoul Inc., a South Korean low-cost carrier, said Tuesday it will resume the Incheon-Boracay route next month to meet pent-up travel demand amid eased virus curbs. Air Seoul will provide four flights a week on the Boracay route from June 17, the company said in a statement. On Saturday, the carrier resumed services on the Incheon-Guam route and will expand the number of flights from four to seven a week starting July 1, it said. With six A321-200 chartered planes, the carrier currently serve
May 17, 2022
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Corporate Korea bracing for Biden’s state visit
More chaebol groups are expected to join a business roundtable meeting held on the sidelines of summit talks between Presidents Yoon Suk-yeol and Joe Biden later this week in reflection of the growing presence of Korean businesses spending big in the US recently. The US president is scheduled to arrive in Seoul on Friday for his three-day state visit. His summit talks with Yoon are set to be held on Saturday. Even though full details of his itinerary still remain under wraps, expectations ar
May 16, 2022
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After 100 days, 7 out of 10 firms not yet ready for safety law
Even 100 days after South Korea’s new industrial safety law has come into effect, almost 7 out of 10 companies here say they still cannot fully understand the law and face difficulty complying with it, a survey showed Sunday. According to a survey on 930 local companies by the Korea Chamber of Commerce and Industry, 68.7 percent said they still have a hard time coming up with countermeasures to respond to the new law aimed at better protecting workers from fatal industrial accidents. On
May 15, 2022
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Air carriers resuming outbound routes ahead of holiday season
Following the government’s eased rules on COVID-19 testing for travelers, air carriers are bracing for the summer holiday season as they reopen suspended international routes and refurbish cargo planes to carry passengers. On Sunday, the country’s largest flag carrier Korean Air announced that it is adding more than 30 flights per week to Europe and US routes from next month. The number of flights to popular destinations such as San Francisco, Vancouver, London, Amster
May 15, 2022
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Samsung Electronics to roll out Muziktiger edition for Galaxy Z Fold3
South Korean tech giant Samsung Electronics Co. said Sunday it will launch a limited edition of the Galaxy Z Fold3 handset in collaboration with homegrown design brand Muziktiger. The Muziktiger edition, to go on sale from Monday, is priced at 1,280,400 won (US$997). The new edition comes with the handset device, a clear cover and Muziktiger accessories, including a key ring and a pop socket. The Muziktiger edition will be available on Samsung Electronic's website, Galaxy Campus Store, and local
May 15, 2022
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[Weekender] Planting for peace of mind
For Kim Yoo-jun, a 31-year-old firefighter, farming is a newfound hobby -- not necessarily to put fresh vegetables on his table, but to regain strength to continue his mission of saving lives. Looking back at the last three years, Kim realized that he was under a lot of stress at his high-risk job. He realized that he desperately needed to do something other than taking pills or counseling to manage his stress. “I run my own little farm near my mother’s house. It’s as small
May 14, 2022