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
Yoon set for talks with Marcos in Philippines
-
4
Can Jennie break the K-pop solo artist slump?
-
5
[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
-
6
First lady’s Dior bag scandal to be at center of Assembly audit
-
7
Yoon honors veterans of Korean War in trip to Philippines
-
8
Seoulites celebrate coexistence at Wellness Seoul 2024
-
9
'Culinary Class Wars' producers deny trying to spice up results
-
10
Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
-
[Monitor] Samsung remains largest by fair value in Korea
Local corporate tracker CEOScore conducted a survey on changes in assets, market capitalization, performance and financial status of the nation’s top 30 conglomerates over the past 10 years. Samsung ranked first with 59 affiliates and 424.8 trillion won ($355 million) in fair value. The top six groups -- Samsung, Hyundai Motor, SK, LG, Lotte and Posco -- remained in the first to sixth place, while Hanwha and NongHyup were newly listed in the top 10. GS and Hyundai Heavy Industries fel
July 9, 2020
-
Celltrion chief enjoys biggest gain in stock value in H1
The chief of the pharmaceutical group Celltrion saw the value of his stock holdings rise the most among the heads of South Korea's major business groups in the first half, data showed Thursday. Seo Jung-jin held 5.85 trillion won ($4.9 billion) worth of listed shares in group flagship Celltrion Inc. and other affiliates as of end-June, up 116.4 percent from the start of the year, according to the data from market researcher CXO Institute. Seo also became the third-richest stockholder in South
July 9, 2020
-
Celltrion says new antibody treatment effective in tests with mutated type of new coronavirus
Celltrion, a leading pharmaceutical firm in South Korea, said on Wednesday that its new antibody treatment showed some promise in treating a mutated version of the new coronavirus in recent tests. The company said the new drug successfully neutralized the "G614" type of the virus. It was 10 times more effective in treating the G614 type than the original virus, the company said. The test was conducted last month by the state-run Korea Centers for Disease Control and Prevention
July 8, 2020
-
STX Offshore urges workers to stop strike
Mid-sized shipbuilder STX Offshore & Shipbuilding Co. called Wednesday on its unionized workers to stop their general strike. The shipbuilder's unionized workers went on general strike starting on June 1, calling for a stop to six-month unpaid furloughs, which half of about 500 unionized workers have taken in rotation since June 2018. Due to the strike, operations at the company's shipyard in Jinhae, 410 kilometers southeast of Seoul, are being suspended from June 17 till
July 8, 2020
-
Games exports outstrip K-pop 10 times over: report
The South Korean game industry propelled the nation’s content exports last year, clocking $6.9 billion, more than 10 times that of the music industry’s $640 million, according to a report released by the Ministry of Culture and Korea Creative Content Agency on Tuesday. The report noted that the Korean game industry’s exports grew 8.9 percent on-year last year, commanding 67.2 percent of the nation’s total content exports of $10.3 billion and topping 10 other industries.
July 8, 2020
-
Netmarble launches 3-inning mobile baseball game
Netmarble on Wednesday launched the three-inning mobile baseball game Magumagu 2020 on Google Play and Apple’s App Store, targeting local baseball fans staying home due to concerns over the coronavirus outbreak. According to the Korean game publisher, Magumagu 2020 -- a mobile version of the company’s 15-year-old PC game Magumagu -- consists of only three innings and takes about 10 minutes per game, offering swift gameplay for mobile users. The launch came at a time when the COVI
July 8, 2020
-
KAI’s first KF-X prototype scheduled for April 2021, test flight in 2022
Korea Aerospace Industries said Wednesday it plans to roll out the first prototype of its next-generation KF-X fighter jet next April and commence test flights in 2022. “KAI will roll out the first KF-X prototype by April next year. After the first prototype, the remaining five prototypes will come out one after another within the same year. Test flights are scheduled in 2022,” a KAI official said. Of the six prototypes, one will be delivered to Indonesia, co-developer of KF-X p
July 8, 2020
-
Han Sung Motor presents graffitied Mercedes-Benz to Gen.G Esports
Han Sung Motor, an official local dealer of Mercedes-Benz in Korea, said Wednesday it has delivered specially decorated vehicles to Gen.G Esports, one of the world’s leading esports organizations. The gifted cars will be used as official vehicles for the esports organization’s League of Legends team, according to Han Sung Motor. “The company conveys the best regards and wishes to Gen.G Esports’ League of Legends team,” said Han Sung Motor CEO Ulf Ausprung. Graff
July 8, 2020
-
[Monitor] S. Korea selects 7 new regulation-free zones
The Ministry of SMEs and Startups has selected seven zones across the country to benefit from the government’s exemptions from regulations to create more jobs and attract more investments. This is the third installment of the designation for the ministry’s Regulation Free Special Zone. There are now a total of 21 zones under the category. Through the zones, the ministry expects to create 1.5 trillion won in revenue, add 4,390 new jobs and attract 174 new businesses in total by 20
July 8, 2020
-
Korea, Spain discuss cooperation in digital, green tech
South Korean and Spanish business experts discussed potential partnerships, especially in digital and green technologies, at a virtual conference on Tuesday. The Korea Chamber of Commerce and Industry held the 21st Korea-Spain Economic Cooperation Committee meeting online in collaboration with the Spanish Chamber of Commerce. The meeting comes after a phone conversation between President Moon Jae-in and King Felipe VI of Spain last month. It aims to serve as an opportunity to build momentum
July 7, 2020
-
NCSoft’s market cap soars, briefly entering top 10
NCSoft continued to perform strong at the stock market, briefly entering the top 10 market capitalization list on Monday, nudging top automaker Hyundai Motor. Hyundai Motor managed to recover its 10th place as of Tuesday, though the gap between NCSoft remained at 76.1 billion won ($63.6 million). NCSoft is the only South Korean game company to have breached the 20-trillion-won mark in market valuation. The game company’s market cap reached 21.8 trillion won at the closing bell on the
July 7, 2020
-
Hyundai, SK chiefs discuss next-gen lithium-metal EV battery
Hyundai Motor Group Executive Vice Chairman Chung Euisun on Tuesday met SK Group Chairman Chey Tae-won at SK Innovation’s electric vehicle battery plant in Seosan, South Chungcheong Province, to discuss future partnerships and next-generation EV technologies including lithium-metal batteries. Current lithium-ion batteries consist of four key components: cathode, anode, electrolyte and separator. Lithium-metal batteries use metal instead of graphite for anodes, increasing energy density
July 7, 2020
-
Han Sung Motor extends unlimited engine oil service
Han Sung Motor, an official dealer of Mercedes-Benz in Korea, said Tuesday it has extended its promotion offering customers free and unlimited service for changing engine oil and oil filter by a month. Customers who purchase a new car from Han Sung Motor in July are still eligible for the free service. The promotion was initially held for the month of June, but will now be available at its 20 service centers across the country, even after the end of three-year guarantee period, the company sa
July 7, 2020
-
PMK chief urges regulation ease based on ‘facts, science’
Philip Morris Korea Managing Director Paik Young-jay urged Tuesday for the government to come up with differentiated regulations for its heat-not-burn e-cigarettes, as the industry is largely misrepresented due to its “ideological” approach, rather than based on science. Speaking at his first press conference held live on YouTube, the new managing director emphasized that heated tobacco products are less harmful substitutes for conventional cigarettes. In the first quarter of this
July 7, 2020
-
Tables turn as USITC's initial determination favors Medytox
Medytox shares made a dramatic turnaround Tuesday, following the US International Trade Commission’s initial determination advising a 10-year sales ban on Daewoong Pharmaceutical’s Jeuveau. The South Korean company and its US partner Allergan had filed a complaint against Daewoong and its partner Evolus at the USITC in 2019 contesting that the latter’s botulinum toxin Jeuveau that hit shelves in the US was a product of industrial poaching. Medytox shares Tuesday shot up t
July 7, 2020
-
[Monitor] Koreans use smartphones more amid pandemic
Smartphone usage among South Koreans increased in the wake of the coronavirus outbreak, data showed Monday. According to a survey of 1,017 adult men and women nationwide conducted by local civic group Korean Addiction Forum last month, 44.3 percent of the respondents said smartphone usage time has increased -- either slightly or greatly -- since the implementation of social distancing measures. Among the increase of content, social media and messaging accounted for the largest proportion wi
July 7, 2020
-
Samsung Q2 earnings beat estimate on chip biz, one-time gains
Samsung Electronics Co. on Tuesday delivered market forecast-beating second-quarter earnings as strong demand for server chips apparently offset a slump in smartphone sales amid the novel coronavirus pandemic. In its earnings guidance, the South Korean tech giant expected its operating profit at 8.1 trillion won ($6.7 billion) for the April-June period, up 22.7 percent from 6.6 trillion won a year ago. The second-quarter operating income is far higher than the market consensus of 6.8 trillion
July 7, 2020
-
S. Korea holds ministerial level talks with Uzbekistan, strengthens economic ties
South Korea and Uzbekistan held ministerial talks in Seoul on Monday, where they agreed to accelerate discussions on business projects and push forward a bilateral free trade agreement. Korea’s Industry Minister Sung Yun-mo and Uzbekistan’s Deputy Prime Minister for Investments and Foreign Economic Affairs Sardor Umurzakov attended the meeting. It was the first ministerial meeting held face-to-face since the viral outbreak, according to officials explained. On the occasion, a fron
July 6, 2020
-
[Time to Play] StoneAge World, Netmarble’s profitable game
Hollywood loves sequels because they guarantee success. In this sense, when South Korean game publisher Netmarble said it would launch a mobile version of StoneAge, expectations were running high. StoneAge was a popular PC game that was serviced between 2003 and 2015 in Korea where users could collect and tame dinosaur pets. However, not all sequels succeed, as witnessed by X-Men: Dark Phoenix and Men in Black: International. Unfortunately, StoneAge World is one of them. More often than not
July 6, 2020
-
LG Chem vows zero net carbon emissions increase by 2050
LG Chem will neutralize its net carbon emissions increase to make it zero by 2050, according to its “Carbon-neutral Growth 2050” initiative unveiled Monday. Carbon-neutral growth refers to reducing net emissions by the amount caused by business growth, making the total sum zero. According to the South Korean chemical company, it will cut 30 million metric tons of carbon emissions by 2050 from the projected 40 million tons, offsetting carbon emissions to the current level of 10 m
July 6, 2020