Most Popular
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Military aircraft evacuating S. Koreans in Lebanon returns home
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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Yoon set for talks with Marcos in Philippines
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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Firefighters’ 3,000 won meals spark nutrition concerns
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Can Jennie break the K-pop solo artist slump?
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From thrillers to animation: Netflix's 2025 Korean originals promise universal fun, fresh stories
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Japan travel bookings by S. Koreans halve on trade row
A growing number of South Koreans are changing their holiday destinations from Japan to other countries, with a major travel agency on Monday saying demand for tours fell nearly 50 percent, along with increasing booking cancellations. A boycott of Japanese products, fueled by Tokyo’s decision to curb exports of high-tech materials to Seoul, has spread to the tourism sector, causing Koreans to turn away from the popular travel destination. Since July 8, a daily average of 500 cons
July 22, 2019
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Senior trade official to represent Korea at WTO over dispute with Japan
Amid escalating trade tension between South Korea and Japan, the Trade Ministry here said Monday its senior official would participate in the World Trade Organization’s General Council on Tuesday to better respond at the scene due to the gravity of the issue. Kim Seung-ho, deputy minister for multilateral and legal affairs, will participate in the general council, the highest decision-making body, in Geneva. The council is slated to discuss the two nations’ trade dispute at its meeti
July 22, 2019
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Uniqlo apologizes for remarks that angered S. Korean consumers
Fast Retailing Co., which owns Japanese fashion brand Uniqlo, on Monday issued an apology for remarks by its executive that have drawn criticism from South Korean consumers amid ongoing trade friction between Tokyo and Seoul.On July 11, Takeshi Okazaki, CFO of the Tokyo-based fast fashion brand, said during an earnings press call that the impact of the current boycott by South Korean customers of Japanese goods will not last long.In a statement released both in Korean and Japanese, Uniqlo apolog
July 22, 2019
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Chief of Korean memory chip maker flies to Japan amid trade row
Lee Seok-hee, the CEO of South Korean memory chip maker SK hynix Inc., flew to Japan Sunday to discuss resourcing in the wake of the Japanese government's tighter regulation on exports of critical semiconductor materials to South Korea. Early this month, Japan imposed stricter regulations on exports to South Korea of three materials -- resist, etching gas and fluorinated polyimide that are critical for the production of semiconductors and flexible displays. Tokyo is reportedly planning to expand
July 21, 2019
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Korea to make all-out efforts to lift Japan’s export restrictions
South Korea is sparing no efforts to persuade the international community to press Japan to withdraw its export restrictions on hi-tech materials and impugn Tokyo’s reasoning behind its retaliatory measures. Early this month, Japan announced it would curb exports on Korea’s hi-tech materials crucial to the production of chips and display panels. It also said it plans to remove South Korea from a whitelist of 27 countries that receive preferential treatment for trade with Japan. The J
July 21, 2019
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Chong Kun Dang, Dong-A ST to launch Nesp biosimilars in Japan in H2
Korean biopharma firms Chong Kun Dang and Dong-A ST expect to launch their biosimilars in Japan without a headwind, despite escalating trade strife, as their drugs will be represented by Japanese partner firms. The erythropoietin drug Nesp, for which the patent expires in Japan this year, is a catalyst for red blood cell production and can treat anemia from chronic renal failure or anticancer treatments.The original drug is a joint venture of US’ Amgen and Japan’s Kyowa Hakko Kirin.
July 21, 2019
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[Feature] How far are we from printing hearts for transplant?
Three-dimensional printing of human organs is not some far-fetched fiction. Active research of the relevant technologies has gained pace around the globe, especially here in South Korea, where the academia, industry and government are paying keen attention to the convergence of medicine, mechanical and computer engineering. For now, Korean technology has come as far as printing skins with cell-encapsulated bioink to replace animal tests.(Video shot by Choi Ji-won and Lim Jeong-yeo, edited by Lim
July 21, 2019
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Korea Gas Corp. seeks to expand global presence
State-run Korea Gas Corp. (Kogas) is expanding its global presence in the liquefied natural gas market with its robust technologies and overseas networks. The company is currently participating in 25 global projects in 13 nations, including the exploration, development and production of natural gas. It also includes liquefaction of LNG and the construction and operation of gas pipelines and terminals overseas. Last year, Kogas sold 36 million tons of LNG in Korea after purchasing from Qatar
July 21, 2019
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2 SK Innovation subsidiaries acquire 35% stake in Myanmar’s BOC
SK Innovation said Friday that two of its subsidiaries, SK Energy and SK Trading International, have acquired a combined 35 percent stake in Best Oil Co., the second-largest oil retailer in Myanmar. The two companies spent about 150 billion won ($127.7 million) to hold 17.5 percent of BOC’s shares each. BOC has market share of 17 percent in Myanmar’s oil retail market.The deal was aimed at securing stable exports and a trading destination, and making inroads into the foreign ret
July 21, 2019
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[Advertorial] LG Chem contributes to society’s sustainable development
LG Chem, the chemical and biopharma business unit of South Korea’s LG Group, has been contributing to social welfare by carrying out a slew of projects supporting education and green energy in line with the United Nation’s Sustainable Development Goals. The firm has been especially focusing on developing its program for elementary and middle school students, utilizing its expertise. It runs an experience center where students can participate in various science experiments categ
July 21, 2019
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Hyundai Mobis develops camera system to replace side mirrors
Hyundai Mobis Co., South Korea's largest auto parts maker, said Sunday it has developed a camera monitoring system that will replace side-view mirrors in next-generation vehicles. Three high-performance camera sensors inside the vehicle will not only increase driving safety by significantly reducing blind spots, and but also improve fuel efficiency as side-view mirrors will be hidden inside the car, Hyundai Mobis said in a statement. "The paradigm shift to the future car is demanding both f
July 21, 2019
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Government eyeing increased workweek for localization of materials
The government said Friday that it is considering allowing selected people to work more than 52 hours per week for tests that are part of localization of key industrial materials.Last year, South Korea cut the maximum weekly working hours to 52 from the previous 68 to help people strike a balance between work and life.The government said workers in the sectors affected by Japan's export restrictions could be subject to the temporary exception. Since July 4, Japan tightened regulations on exports
July 19, 2019
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Korean Air opens Cloud Command Center
South Korean full-service carrier Korean Air said Friday that it has opened the Cloud Command Center, which can manage and control all its server data, networks and security around the clock. According to the air carrier, this is the first time a Korean full-service carrier will operate its own IT system cloud. It is also the first time a top Korean conglomerates has adopted such a system. In November last year, Korean Air clinched a deal with LG CNS and Amazon Web Service to transfer its data
July 19, 2019
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S. Korea to build world's largest floating solar farm
South Korea will build the world's largest floating solar farm in a fresh water lake next to Saemangeum, a reclaimed area on the west coast, the government said Thursday.The Ministry of Trade, Industry and Energy said the project to build a 2.1 gigawatt (GW) solar farm on the lake that spans 30 square kilometers was approved in an electricity committee meeting, with the project estimated to cost 4.6 trillion won (US$3.9 billion). Work on the solar farm is expected to start in the latter half of
July 18, 2019
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Volvo, Samsung SDI to co-develop battery packs for electric trucks
Volvo Group said Thursday it has entered into a strategic alliance with Samsung SDI to develop battery packs for electric trucks. The Swedish automaker said the alliance will cover joint development of battery packs specifically developed for its models. While Samsung SDI intends to provide battery cells and modules to meet the demand for the automaker’s electric trucks, Volvo will utilize the battery pack technology for assembly in its plants. “The alliance with Samsung SDI is
July 18, 2019
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KIPO arrests counterfeiters of ‘Song Joong-ki facial masks’
Ten suspects behind the illegal manufacturing and distribution of counterfeit facial masks, which used pictures of actor Song Joong-ki without permission, were arrested on charges of trademark infringement, the Korean Intellectual Property Office said Thursday.The suspects had distributed more than 6 million sheets of counterfeit facial masks worth 20 billion won ($17.29 million) since April 2017, according to the Special Judicial Police under KIPO. All the products were seized upon their arrest
July 18, 2019
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Calm, steady approach needed to tackle Japan’s export curbs: SK chief Chey
SEOGWIPO, Jeju Island -- SK Group Chairman said Thursday he will come up with countermeasures against Japan’s strengthened export control of three materials crucial for chip fabrications in a calm manner, stressing that a knee-jerk reaction would not help resolve the matter.“(The best way to resolve the matter) is to seek what we can do the best steadily and everyone (finds a breakthrough) from our respective positions. This case won’t work even with any dramatic plans,”
July 18, 2019
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Lotte Duty Free, Shilla Duty Free among global top 5: report
Two South Korean duty-free operators have cemented their positions in the world's top five travel retailers in 2018, an industry report showed Thursday.Lotte Duty Free maintained its second spot with 6.09 billion euros ($6.84 billion) in sales last year, due largely to the Chinese resellers who buy products in large quantities and sell them back home, according to the Moodie Davitt report. Shilla Duty Free, the operator of the duty-free shop owned by South Korea's Hotel Shilla Co., leaped f
July 18, 2019
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KCCI head calls for full support businesses seeking alternatives amid Japan’s export curbs
SEOGWIPO, Jeju Island -- Amid the growing tension between South Korea and Japan, the head of the largest organization representing businesses here urged the government and political parties to provide full support to cope with Tokyo’s trade restrictions. Stressing on the need to face challenges in a calm manner and seek countermeasures, Park Yong-maan, chairman of the Korea Chamber of Commerce and Industry, asked the Moon Jae-in administration to aid businesses seeking alternatives.
July 17, 2019
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Moody’s issues Daelim Industrial Baa2 rating
Global credit rating agency Moody’s Investors Service said Wednesday that it has assigned South Korean construction and petrochemical company Daelim Industrial a Baa2 grade with a stable outlook. According to Daelim Industrial, it is the first construction company in Korea to be given a global rating. On Moody’s rating scale, Baa2 stands ninth out of 21 and is considered a medium grade, indicating a moderate credit risk. SK hynix and S-Oil have been assigned the same rating.“Da
July 17, 2019