Most Popular
-
1
Seoul Fireworks Festival ends smoothly, but leaves piles of trash
-
2
[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
-
3
Can Jennie break the K-pop solo artist slump?
-
4
Yoon set for talks with Marcos in Philippines
-
5
[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
-
6
Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
-
7
Ex-president's daughter investigated for drunk driving accident
-
8
'Culinary Class Wars' producers deny trying to spice up results
-
9
Seoulites celebrate coexistence at Wellness Seoul 2024
-
10
First lady’s Dior bag scandal to be at center of Assembly audit
-
Hanwha Q Cells 1st to gain TUV Rheinland’s solar module certification
Hanwha Q Cells has become the world’s first solar module manufacturer to pass international product testing institute TUV Rheinland’s new Quality Controlled PV certification. TUV Rheinland’s QCPV certification is an extended stress test program based on International Electrotechnical Commission technical standards. Compared to the IEC’s certification, which only conducts a short-term credibility test on solar modules, the QCPV certification comprises three stages: shor
Dec. 2, 2020
-
Samsung ranks 2nd in African smartphone market in Q3: report
Samsung Electronics Co. was the second-largest smartphone vendor in the African smartphone market in the third quarter of the year, a report showed Wednesday, as the South Korean tech giant tries to expand its presence against Chinese competitors. Samsung accounted for 20 percent of the African smartphone market in the July-September period in terms of units, down from a 24 percent share a year ago, according to market researcher International Data Corp. (IDC). China's Transsion continued its
Dec. 2, 2020
-
Korea makes official bid to host 2030 World Expo
South Korea on Wednesday officially expressed its intention to host its first World Expo in the southeastern port city of Busan in 2030. South Korea made the announcement in a virtual meeting held by the Bureau International des Expositions (BIE), which oversees the event, according to the Ministry of Trade, Industry and Energy. South Korea will hand in its application to the BIE next year. “This will become an opportunity for us to show the world that we can set examples in not only s
Dec. 2, 2020
-
Naver newly invests in 2 startups in logistics, medical sectors
An accelerator for tech startups operated by Naver Inc., South Korea's largest internet portal operator, said Wednesday it has made new investments in two promising tech startups. Naver's D2 Startup Factory, also known as D2SF, said it has selected the two startups -- Techtaka Co. and Medibloc Co. -- that provide innovative technology in the logistics and health care sectors, respectively. "Logistics and medical sectors require expertise and a meaningful change is impossible without under
Dec. 2, 2020
-
Hyosung ups spandex investment in Brazil
Hyosung is ramping up its investment in spandex in Brazil to capture rising demand for stretchable fiber used for comfortable clothing amid COVID-19 pandemic. Hyosung is the world’s largest spandex manufacturer with its brand Creora, with a 32 percent market share. Hyosung T&C, a fiber production unit of Hyosung Group, said Wednesday it would invest 40 billion won (about $36 million) by December next year to increase the production volume of its spandex plant by 10,000 metric tons i
Dec. 2, 2020
-
LG Chem‘s NASH pipeline readies for US phase 1 trial
LG Chem‘s non-alcoholic steatohepatitis treatment pipeline TT-01025 has been approved to carry out a clinical phase 1 trial by the US Food and Drug Administration, LG Chem announced Wednesday. The phase 1 trial will be conducted by PPD’s clinical research unit in Las Vegas, with LG Chem‘s Manfred Stapff as the lead researcher. TT-01025 is a pipeline LG Chem licensed in from Chinese biotech TransThera Biosciences in August. LG Chem has exclusive rights to develop and commerci
Dec. 2, 2020
-
Philips Korea seeks open innovation with startups
Philips Korea has picked local startups Mezoo, Medipixel and Vuno to seek shared growth in the field of digital healthcare, the company said Wednesday. Philips Korea will collaborate with these three startups and aid their overseas business. As part of the Ministry of SMEs and Startups’ policy to create synergy between corporates and startups, Philips Korea has taken charge of a contest since July to find startups with the best blueprint for better hospital management, clinical results,
Dec. 2, 2020
-
[Monitor] Largest-ever drop in manufacturing jobs seen in Oct.
South Korea‘s manufacturing sectors saw about 79,000 jobs disappear in October this year, the largest monthly drop on record. It broke August’s record of a decline by 77,000 workers. These and other findings were released by the Ministry of Employment Labor on Monday, attributing the drops to weakened exports from the prolonged COVID-19 pandemic. The drop in the number of workers in all industries improved slightly each month, but the ministry noted that it was due to an increase i
Dec. 2, 2020
-
Large firms' social contributions dip 9% amid pandemic
Large South Korean companies' social contributions fell nearly 10 percent in the first nine months of the year amid a coronavirus-caused economic downturn, a corporate tracker said Wednesday. Out of the country's top 500 firms by sales, 247 business concerns contributed a combined 1.13 trillion won ($1.02 billion) to social activities during the January-September period, down 9 percent from a year ago, according to CEO Score, which tracks corporate management. The decrease was ascribed to grea
Dec. 2, 2020
-
South Korea's exports bounce back in November
South Korea’s exports in November increased by 4 percent on-year to reach $45.8 billion, rebounding from a 3.8 percent decrease last month, according to the Ministry of Trade, Industry and Energy on Tuesday. The nation’s daily exports in November also marked a 6.3 percent rise on-year, the ministry said. It is the first time since November 2018 that the nation posted increases in both monthly and daily exports. The country’s exports, from March to August, posted on-year decr
Dec. 1, 2020
-
LG Energy Solution launches, aiming for W30tr revenue by 2024
LG Chem's battery business has been officially launched as the wholly-owned “LG Energy Solution” Tuesday, taking its first independent step as the world‘s leading batterymaker and overall energy solution provider. LG Energy Solution will be led by Chief Executive Officer Kim Jong-hyun, whose mission is to almost quadruple the revenue of the battery business to 30 trillion won ($27 billion) by 2024 from the 8.2 trillion won it made last year. “LG Energy Solution has led
Dec. 1, 2020
-
GM Korea workers vote against 2020 wage deal
Unionized workers at GM Korea Co., the South Korean unit of General Motors Co., voted down a tentative wage deal for the year amid the COVID-19 pandemic, the company said Tuesday. In a vote held from Monday to Tuesday, 54 percent of 7,364 union workers rejected the tentative deal, GM Korea and its union said. Union leaders will meet Wednesday to "decide what (additional or revised) demands it will make to the company and whether to hold an industrial action to get their voice heard,&quo
Dec. 1, 2020
-
Nikola-GM fallout spills over to Hanwha
Nikola shares nose-dived 26.9 percent Monday after General Motors announced that it would revoke its initial plan to acquire an 11 percent stake once worth $2 billion in the electric truck startup. Upon the news, attention in South Korea quickly shifted to Hanwha Solutions and its President Kim Dong-kwan, who decided in November 2018 to invest $100 million to acquire a 6.13 percent stake in Nikola. Nikola, which was touted as a promising partner for Hanwha’s renewable energy push, ha
Dec. 1, 2020
-
Naver Cloud, GS Global join hands for overseas market
Naver Cloud and GS Global will collaborate on their overseas services, the companies said Tuesday. The new alliance with GS Global gives Naver Cloud a channel to liaise with large-scale corporate clients in target countries, while for GS Global it allows for a business expansion opportunity into information technology, they said. “Naver Cloud has the most global region services among cloud platforms developed by Korean firms,” said Park Won-ki, CEO of Naver Cloud. “It has h
Dec. 1, 2020
-
Unity, ONEstore to operate W1b support program for game developers
Unity Technologies Korea will raise 1 billion won ($904,000) in funding together with ONEstore to operate a technology support program for game developers in Korea, it announced Tuesday. At an online press conference held a day ahead of the opening of its annual Unite Seoul 2020, Unity Korea reviewed its yearly performance and laid out the road map for the Unity game developing engine next year. “More than 64.8 percent of Korea's top 1,000 mobile games in 2020 were developed using
Dec. 1, 2020
-
SK sets up hydrogen business group
SK Group is poised to make a big bet on the rising hydrogen market, seeing the fuel as a next-generation eco-friendly energy source. SK Holdings said Tuesday it established a hydrogen business promotion group, an organization dedicated to the hydrogen project, which consists of about 20 experts from related companies such as SK Innovation and SK E&S. The holding firm said it has been reviewing the feasibility of the hydrogen project and establishing strategies since early this year. And,
Dec. 1, 2020
-
[Monitor] Despite carbon neutrality pledge, Korea heavily dependent on coal power
Despite Moon Jae-in administration’s pledge to achieve carbon neutrality by 2050 and replace coal power with renewable energy, Korea’s dependence on coal power remains at 36.8 percent in the Jan.-Sept. period this year. Carbon neutrality refers to the absorption of as much carbon dioxide as it emits, making real emissions zero. The Moon administration aims to slash the number of coal-fired power plants by half to 30 by 2034. (khnews@heraldcorp.com)
Dec. 1, 2020
-
S. Korea embarks on global tech tie-up project
South Korea launched a global research and development cooperation program Tuesday to help local materials, parts and equipment makers forge technology tie-ups with German auto giant BMW and other foreign firms. Under the program, the government will invest 100 billion won ($90.1 million) over the next three years starting in 2021 to help domestic firms to make inroads into global supply chains, the industry ministry said. For this year's pilot project, Seoul has chosen seven consortia between
Dec. 1, 2020
-
S-Oil recognizes community heroes with awards
S-Oil on Monday awarded 140 million won ($127,000) to 19 people here who risked their lives to save others. At the annual Hero Citizens Award Ceremony held at its headquarters in Mapo-gu in western Seoul, the South Korean refinery delivered 10 million won each to two community heroes who suffered injuries while helping others. It also presented 10 million won each to eight individuals and four groups totaling nine people who carried out acts of self-sacrifice. Awardees include Shin Dong-ju
Nov. 30, 2020
-
LS Cable & System expands footprint to solar power biz
LS Cable & System is expanding its portfolio and entering the solar power business by acquiring international technology and safety certifications for its cables and supplying them to massive solar power projects. The world‘s third-largest wire and cable maker by sales says it has supplied its cables to more than 30 solar power projects, including South Korea’s biggest solar power plant in Haenam, South Jeolla Province. “Based on its knowledge from working with submari
Nov. 30, 2020