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
[KH Explains] Can G-Star level up?
-
10
Ex-president's daughter investigated for drunk driving accident
-
S-Oil donates W100m to bereaved Coast Guard families
S-Oil said Wednesday it has delivered 100 million won ($83,900) to families whose members suffered injuries or death while serving as Coast Guard officers. According to the South Korean refiner, it held a donation ceremony with the Korea National Council on Social Welfare at the Korea Coast Guard headquarters in Songdo, Incheon, and distributed the amount among 21 children of officers who died in the line of duty and 25 officers who were injured during anti-illegal fishing operations and emerg
June 10, 2020
-
Korea prepares trade measures to support exporters: KITA
As the private and public sectors join hands to increase trade during the COVID-19 pandemic, South Korean exporters are expected to see wider access to trade financing, as well as increased cargo shipments and fast-track entry procedures for major trading partners. At the forefront of these efforts is the Korea International Trade Association, which recently surveyed 722 exporters to better understand their concerns and draw up policy suggestions for the government. According to the survey, c
June 10, 2020
-
Hyundai Rotem looks to hydrogen equipment for new growth
Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Wednesday it will venture into the hydrogen infrastructure market to secure a new growth driver. Hyundai Rotem plans to supply hydrogen-charging facilities after completing the technology transfer of hydrogen reformers, equipment that extracts hydrogen from natural gas, from Japan-based Osaka Gas Engineering within this month, the company said in a statement. The company has received orders to supply three hydrog
June 10, 2020
-
SK Plasma wins $900,000 deal to supply albumin to NATO
SK Plasma, a blood plasma-derived biopharmaceutical products manufacturer under SK Group, said Wednesday that it has won a $900,000 deal to supply the North Atlantic Treaty Organization with albumin. It is the first Korean biologics company to source pharmaceuticals to NATO. “In order to be selected as a supplier to a multinational organization such as NATO, trust on the technological sureness is of utmost importance,” said SK Plasma CEO Kim Yun-ho. “This deal is evidence
June 10, 2020
-
KAIST develops pandemic tracking app with enhanced privacy protection
The Korea Advanced Institute of Science and Technology said Wednesday that it had developed “black box” software for smartphones that would facilitate the tracking of COVID-19 patients’ movements without encroaching on their privacy. KAIST calls it “PreSPI,” short for Prevention System for Pandemic Disease Infection. The idea that carrying a movement tracker in a phone is conducive to safeguarding personal data may sound counterintuitive, but the new system is mor
June 10, 2020
-
[Monitor] Job seeking allowance surges 33.9%
The amount of allowances paid out to those seeking jobs surpassed 1 trillion won for the first time in May, data from the Employment and Labor Ministry showed. The job seeking allowance system first began in 1995. It takes up most of the unemployment allowance. The figure reached 1.162 trillion won, up 33.9 percent from the same month last year, driven by a rise in the number of jobless amid the coronavirus pandemic. There were 111,000 new applicants to receive the allowance last month, up 32
June 10, 2020
-
S. Korea seeks further deregulation for retailers amid pandemic
South Korea said Wednesday it will remove unnecessary regulations to help local retail companies to utilize more high-end technologies and keep up with soaring demand for delivery services amid the new coronavirus pandemic. "Online sales platforms have emerged as the backbone of the so-called non-contact economy (amid the COVID-19 pandemic)," Industry Minister Sung Yun-mo said during his visit to a logistics center of SSG.COM, the online shopping unit of retail conglomerate Shinsega
June 10, 2020
-
Samsung Biologics upbeat after scion’s arrest warrant denied
Samsung Biologics shares were upbeat Tuesday, following the court’s rejection of an arrest warrant for Samsung Electronics Vice Chairman Lee Jae-yong. In early morning trading, shares rose nearly 3 percent than the previous day, although the price eased down to 1.8 percent range at close. The chaebol scion is being probed by the prosecution for alleged accounting fraud intended to buoy Samsung Biologics’ performance, which the prosecutors suspect was directed to leverage Lee&rsqu
June 9, 2020
-
SK Innovation’s EV battery material subsidiary seeks IPO
SK Innovation’s wholly owned subsidiary SK IE Technology, which makes separators for electric vehicle batteries, said Tuesday it will seek an initial public offering. The separator is one of the four key components of a lithium-ion battery, along with the cathode, anode and electrolyte. According to SKIET, it sent letter of inquiry proposals to domestic and foreign stock firms to underwrite its IPO. “A specific timeline for the IPO hasn’t been decided yet. An underwriter
June 9, 2020
-
K-water and UNESCO launch water management program for developing nations
Korea Water Resources Corp., also known as K-water, said Tuesday it is joining hands with UNESCO to raise awareness on water management and its relationship to climate change. According to K-water, it will collaborate with the UNESCO International Centre for Water Security and Sustainable Management to run a summer program on water management for international students and water-related professionals from developing countries receiving official development assistance from the Organization for
June 9, 2020
-
Korea Shipbuilding wins order for 2 petrochemical carriers
Korea Shipbuilding & Offshore Engineering Co., the shipbuilding holding company of South Korea's Hyundai Heavy Industries Group, said Tuesday it has won a 90 billion-won ($75 million) order to build two petrochemical carriers. The two 50,000-ton vessels will be built by Hyundai Mipo Dockyard Co., a subsidiary of Korea Shipbuilding, starting October this year, and they will be delivered to a European company by the second half of 2021, Korea Shipbuilding said in an emailed statement. The d
June 9, 2020
-
JTI Korea launches Ploom Tech on Coupang
JTI Korea said Tuesday it is the first global tobacco firm to launch e-cigarettes on Coupang’s platform. The company’s flagship hybrid e-cigarette Ploom Tech will now be available on the South Korean e-commerce giant’s Rocket Delivery service. To celebrate the launch, JTI said it will offer a 50 percent discount for all users buying the bundle set -- Ploom Tech Starter Kit, which contains a battery, a USB charger and an adapter, a mouth piece and a carrying case -- at 17,500
June 9, 2020
-
Korean excavator makers bask in strong China sales in May
South Korean excavator makers, led by Doosan Infracore Co., racked up brisk sales in China in May compared to a year earlier on the back of a rebound in the Chinese property market, industry data showed Tuesday. Doosan Infracore, the country's biggest construction equipment maker, saw its sales of excavators in China nearly double to 2,166 excavators in May from a year earlier, while No. 2 player Hyundai Construction Equipment Co. sold 923 excavators, up 44 percent over the cited period, acco
June 9, 2020
-
LS Cable & System ramps up CSR activities amid pandemic
LS Cable & System is promoting activities with the local community near its workplace, focusing on areas such as recovery from COVID-19, “talent donations” from executives and employees and support for welfare organizations. The cable maker recently provided 100 million won ($83,451) to the food pack business in Sejong City. It is a project to provide food and household goods to the elderly living alone, children without parents and people on low-incomes, all groups that are ha
June 9, 2020
-
Korean shipbuilders lag far behind Chinese rivals in Jan.-May new orders
South Korea was a distant second player after China in terms of new shipbuilding orders in the first five months of the year, data showed Tuesday. In the January-May period, Chinese shipbuilders won new orders totaling 2.88 million compensated gross tons (CGTs) to build a total of 121 ships, accounting for 62 percent of the new orders in total, followed by South Korean shipbuilders with 900,000 CGTs, or 32 ships, according to data provided by global market researcher Clarkson Research Service
June 9, 2020
-
[Monitor] South Korea to commercialize air taxis in 2025
South Korea plans to begin commercializing air taxi services in 2025, which will connect city areas and suburbs, according to the Transport Ministry’s urban air mobility roadmap. The government said it will first finish the development of an air taxi unit that can transport individual passengers. The ministry added that the UAM units will be initially designed to travel 30 to 50 kilometers between city centers and suburbs. The destinations will be approximate to other public transportat
June 9, 2020
-
S. Korean 5G subscribers stand at around 7m in late May: data
South Korean 5G mobile network users are estimated to have reached around 7 million as of late May, just 14 months after the country adopted the ultrahigh speed telecom service, data showed Tuesday. The number of 5G subscribers in the nation is 6.9-7 million, roughly equal to 10 percent of all mobile service accounts, according to data compiled by the Ministry of Science and ICT. There were over 69.3 million mobile phone service subscribers in late April, with 5G users sta
June 9, 2020
-
Samsung breathes easier as Lee Jae-yong avoids arrest
Samsung Electronics dodged a major blow Tuesday when a local court refused to grant prosecutors a warrant to arrest Vice Chairman Lee Jae-yong. The Samsung heir faces accusations of involvement in a merger and accounting fraud involving key affiliates. Having served one year behind bars earlier, it’s a sigh of relief for South Korea’s largest conglomerate as it has avoided the prospect of once again losing guidance from its de facto leader. Samsung appears likely to focus on pla
June 9, 2020
-
BAT Korea offers discount for Glo Pro, Glo Mini
BAT Korea said Monday it will kick off a promotional event for its latest product Glo Pro and Glo Series 2 Mini, offering them at discounted prices on its website and at convenience stores. BAT Korea said it planned the event to mark the successful launch of Glo Pro and to express appreciation to online customers. The tobacco maker said it is starting the event at its official website from Monday, and for convenience stores across the country from June 29. From the website, customers can
June 8, 2020
-
Posco supports SMEs with smart factory
South Korea’s largest steelmaker Posco said Monday its smart factory support program for small and medium-sized enterprises has been seeing positive outcomes, such as in their revenue growth. Since 2013, Posco has been running its “Productivity Innovation Program” initiative to assist SMEs in building their “smart” capacity. As of last year, the company said it had supported 1,094 companies with investments worth 22.8 billion won ($19 million). The companies in
June 8, 2020