Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Can Jennie break the K-pop solo artist slump?
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Yoon set for talks with Marcos in Philippines
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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Ex-president's daughter investigated for drunk driving accident
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'Culinary Class Wars' producers deny trying to spice up results
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Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
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First lady’s Dior bag scandal to be at center of Assembly audit
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Seoulites celebrate coexistence at Wellness Seoul 2024
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A drone show illuminates the sky above Seoul Olympic Park
A drone show, displaying the symbols of a hopeful Korea, illuminated the autumn night sky at Seoul Olympic Park on Friday from 6:30 p.m., officials said. The Ministry of Land, Infrastructure and Transport said a drone show on the themes of “Korean New Deal” and “Memory and Feeling of Victory” was held to deliver a message of gratitude to Korean citizens who are overcoming the COVID-19 crisis. The ministry said 315 drones brightened up the autumn sky, demonstrating Ko
Nov. 13, 2020
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Daewoo Shipbuilding bags W73b order from Europe
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. said Friday that it has secured a 72.26 billion won ($64.8 million) order to build six container carriers from a European company. The vessels are slated to be delivered by Jan. 31, 2023, Daewoo Shipbuilding said in a regulatory filing. The order has an option for the European company to cancel an order for a maximum of two carriers, the shipbuilder said. Daewoo Shipbuilding did not reveal the name of the European co
Nov. 13, 2020
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[Time to Play] Fuser, NCSoft’s bold challenge into Western console gaming market
For someone who doesn’t understand games, NCSoft’s Fuser might seem like just another rhythm game. But for those more familiar, they’ll notice that Fuser is the South Korean game industry’s bold knock on the door of the Western console gaming market. For too long NCSoft has relied on its 12-year-old role-playing Lineage series PC games, which took up 85 percent of its revenue in the first quarter of this year. At a time when change was desperately needed, NCSoft h
Nov. 13, 2020
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Sartorius to invest $100m in Songdo targeting Samsung Biologics, Celltrion
Sartorius, a German life sciences company with 170 years of history, announced Thursday it will invest $100 million in South Korea’s bio cluster of Songdo in Incheon to build a manufacturing facility for biologics plant parts. Sartorius’ decision is largely attributable to Korean bio companies: Samsung Biologics and Celltrion. Samsung Biologics and Celltrion have been Sartorius’ clients for a number of years, and their growing roles in the bio industry were a factor Sartoriu
Nov. 12, 2020
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LIG Nex1 unveils remote support system for maritime vessels
LIG Nex1 introduced a remote management system for maritime vessels at the 2020 Korea Ocean Expo held Wednesday at Songdo Convensia in Incheon. According to LIG Nex1, the new system will enable trained experts to monitor and maintain a vessel in a quick and effective real-time manner, even when the ship is out operating at sea, by incorporating elements of the internet of things, prognostics and health management and augmented reality technologies. LIG Nex1 explained that internet of things se
Nov. 12, 2020
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S-Oil campaign donates for vulnerable in winter
S-Oil on Thursday delivered a donation of 150 million won ($135,000) to the Korea National Council on Social Welfare. Since 2015, South Korea’s leading refiner has led a corporate social responsibility campaign titled Hope to You, in which it donates money to the KNCSW so that it can provide heating oil to energy-poor households. “This year seems to be seeing a cold winter earlier than previous years. It appears that there are still many neighbors who go through a cold winter with
Nov. 12, 2020
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Startups to compete with promising business ideas at Come Up 2020
The Ministry of SMEs and Startups is set to hold the nation’s largest startup competition, Challenge! K-Startup to select and reward startups with promising business ideas, during the Come Up 2020 period, officials said Thursday. The startup competition is held as a special event of Come Up 2020, which is one of Korea’s biggest startup conferences and is scheduled to take place online and offline at Dongdaemun Design Plaza from Nov. 19 to 21. Final startup founders will be sel
Nov. 12, 2020
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Photos of Korean workers
The Korea Chamber of Commerce and Industry announced the list of winners for its 7th annual photography contest held under the theme of “Workplace and life of workers” for this year on Thursday. Eighty-two works were awarded out of 5,500 pieces submitted by the public and photographers. The left photo shows grand prize winner Kim Seung-kwon’s “Breadwinner’s Most Beautiful Clothes.” Ha Sang-yoon won the best prize with his photo on the right, titled
Nov. 12, 2020
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Doosan Heavy ties up with Korea Midland Power for overseas market
Doosan Heavy Industries & Construction Co., a South Korean power plant builder, said Thursday that it will cooperate with a local power company, Korea Midland Power Co., to tap into the overseas hydropower plant market. The two companies will aggressively expand their presence in the Southeast Asian hydropower plant market that is estimated to grow by 40 gigawatts by 2040, Doosan Heavy said in an emailed statement. Korea Midland Power has been operating two hydropower plants in Indonesia
Nov. 12, 2020
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[From the Scene] SKC’s copper foil business ready to ride on EV wave
JEONGEUP, North Jeolla Province -- On a cold, grey cement floor lay four rows of giant circular lids that could easily measure 5 meters in diameter. The only things moving inside the shabby, dimly-lit warehouse were plastic fans ventilating the facility, which was lit by sunlight coming through the square window panes right beneath the high-rise ceiling. The scene almost looked like a giant whack-a-mole machine. But who could have imagined that under those enormous lids was the molten for
Nov. 11, 2020
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‘Celltrion’s COVID-19 antibody shot will kill virus in 5 days’
Celltrion Chairman Seo Jung-jin stirred up a storm Wednesday after saying in a radio interview that his company’s COVID-19 antibody treatment will eradicate the SARS-CoV-2 virus in the human body in four to five days from administration and that it will be available for emergency use in Korea starting at year-end. “In order to put a stop to the pandemic for good, there needs to be both the vaccine and the treatment,” Seo said live on the radio program. “And among treatm
Nov. 11, 2020
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Posco Energy begins operation of LNG carrier business
South Korean energy producer Posco Energy said Wednesday it had begun operations of its new liquefied natural gas carrier business the same day, becoming the first private LNG terminal operator in the country to do so. An opening ceremony took place Wednesday at Gwangyang LNG Terminal in South Jeolla Province, nearly two months after the energy business arm of major steelmaker Posco received a business license from the Ministry of Trade, Industry and Energy in September. The company explained
Nov. 11, 2020
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E-Mart Q3 net up 6.7% on speedy sales recovery, outlet renewal
South Korean retail giant E-Mart said Wednesday that its net profit rose 6.7 percent in the third quarter from a year earlier, thanks to its faster-than-expected sales recovery from the pandemic and renewal of its outlet networks. The company posted a net profit of 119.9 billion won ($107.9 million) in the July-September period, compared with a net profit of 112.4 billion won a year earlier, E-Mart said in a regulatory filing. Operating profit hiked 30.1 percent on-year to 151.2 billion won,
Nov. 11, 2020
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Union of Hyundai Mipo begins strike vote on wage dispute
Unionized workers at Hyundai Mipo Dockyard Co. launched a strike vote Wednesday after failing to bridge a wide gap with its management on a wage and collective agreement. The 2,000-strong union members of the shipbuilder, a unit of Korea Shipbuilding & Offshore Engineering Co., began casting votes over whether to authorize a strike. The strike vote is set to end Friday. On Oct. 28, the union asked the regional office of the National Labor Relations Commission in the southeastern industria
Nov. 11, 2020
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[Monitor] New employment insurance subscriptions bounce back to pre-pandemic levels
The number of individuals covered by state employment insurance increased 2.6 percent, or 364,000 people, on-year in October, according to the Ministry of Employment and Labor’s data. The increase followed the creation of new service sector jobs by the central and local governments amid the COVID-19 pandemic. New state employment insurance subscriptions have now recovered to pre-COVID-19 levels, according to the ministry. In February, the number stood at 376,000. The figure, however,
Nov. 11, 2020
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Jeju Air Q3 net losses widen on virus impact
Jeju Air, South Korea's biggest low-cost carrier, said Tuesday its net losses widened in the third quarter from a year earlier due to the impact of COVID-19 pandemic on the airline industry. Net losses deepened to 66.8 billion won (US$60 million) in the three months that ended in September from 30.14 billion won in the same period of last year, the company said in a statement. "Suspended flights on profitable international routes amid the pandemic continued to weigh on the quarterly res
Nov. 10, 2020
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Bridge Biotherapeutics regains lung disease pipeline
German pharma giant Boehringer Ingelheim has returned Bridge Biotherapeutics’ BBT-877, a novel drug pipeline for idiopathic pulmonary fibrosis, the South Korean company said Tuesday. Bridge Biotherapeutics will regain full global rights to the pipeline. It does not have to return the 45 million euro ($53.22 million) down payment. BI’s decision to terminate the research was based on evidence of toxicity, Bridge Biotherapeutics explained in a regulatory filing, adding that the comp
Nov. 10, 2020
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‘Pfizer one of many vaccines needed to combat COVID-19’
Pfizer’s positive clinical phase 3 midterm report of its COVID-19 mRNA vaccine lends optimism to studies worldwide working to develop an armor against the pandemic, pharmaceutical industry insiders in Korea opined Tuesday. “The US company’s stride does not mean that other vaccine pursuits are meaningless or futile at all,“ one of the insiders mentioned. With the remarkable feats being achieved through the endeavors of various global pharmas, COVID-19 vaccines are taki
Nov. 10, 2020
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Posco completes air-pollutant-cutting facility in Pohang
South Korean steel maker Posco said Tuesday it held a completion ceremony for a facility to reduce pollution at its Pohang steel mill’s sinter plant. According to Posco, its sinter plants are where the steel producer mixes iron ore fines with other fine materials at high temperatures into sintered ores, which can then be used to make steel. The process creates air pollution, including nitrogen oxides and sulfur oxides, which are a source of fine dust. The new facility converts the n
Nov. 10, 2020
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Nvidia chips to fuel Hyundai self-driving push
Hyundai Motor Group said Tuesday it will mount Nvidia’s computer chips on all Hyundai Motor, Kia Motors and Genesis models starting from 2022 to help those vehicles process large amounts of real-time data. According to the world’s fifth-largest automotive group, Nvidia Drive chips will be installed in all vehicles to provide improved computing power required for running the connected car operating system, or ccOS, developed by Hyundai Motor. Hyundai’s ccOS allows vehicles t
Nov. 10, 2020