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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Hyundai Glovis establishes transport subsidiary in US
Hyundai Glovis, a supply chain management and logistics arm of Hyundai Motor Group, said Thursday it has established a subsidiary company for cargo transportation business in the United States.The company, Global Expedited Transportation, has been set up as a subsidiary of Hyundai Glovis America. It will directly operate cargo transportation between the West Coast and East Coast. The operations were managed on a consignment basis until now. Hyundai Glovis said GET will find new partners an
June 20, 2019
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Daesung hosts microbes forum to promote bio-economy
South Korean energy conglomerate Daesung Group hosted its third annual forum on microbes Thursday in Seoul, with the theme “Lab to Industry for Bioeconomy.” Attended by around 150 participants, the 2019 Daesung Haegang Microbes Forum offered a venue for academia and the private sector to discuss the latest trends in clean energy and environment technologies using microorganisms, as well as to seek ways to bring them into the market. The highlight of the forum was the utilization and
June 20, 2019
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Koreans drinking more Chinese beer
South Korean consumer preference for imported beer is changing, with Chinese beer gaining popularity, industry data showed Thursday.An analysis of sales of imported beer in Korea over five years, by CU, South Korea’s largest convenience store chain under BGF Retail, indicated a shift in consumer preference for beer from different nations.Data showed that sales of Chinese beer have increased twofold since 2014, taking up 10.2 percent of total sales of imported beer and ranking third in term
June 20, 2019
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Hyosung chairman meets Vietnam’s deputy prime minister
Hyosung Group Chairman Cho Hyun-joon met with Vietnam’s Deputy Prime Minister Vuong Dinh Hue on Wednesday during the latter’s visit to Seoul to discuss collaborative growth measures, Hyosung said Thursday.According to Hyosung, the chairman had asked for the Vietnamese government’s support for Hyosung’s polypropylene plant in the southeast region of Ba Ria Vung Tau and the tire cord plant in Quang Nam province in central Vietnam, which are currently under construction.&nbs
June 20, 2019
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Kumho Tire aims for turnaround in China with Majesty9
Kumho Tire has introduced its premium brand Majesty9 in Nanjing, China, for local dealers, the company said Thursday. With the launch of the latest premium products, the company said it anticipates to improve sales performance in mainland China and be profitable in the second quarter. Kumho Tire’s Chinese unit had recorded an operating profit on its own accord for the first time in 30 months in May, its fifth consecutive month of being in the black. The tire company said that if this
June 20, 2019
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7-Eleven signs MOU for EV charging stations
Convenience store chain 7-Eleven said Thursday it has has signed a memorandum of understanding with Korea Electric Vehicle Charging Service. Under the MOU, 7-Eleven will collaborate in installing EV charging stations at its stores. The company plans to build four charging stations in the capital region and two in provincial cities by September. Jung Seung-in, CEO of Korea Seven, the local operator of 7-Eleven chain, explained that the MOU was triggered by the change in consumers’ choice of
June 20, 2019
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Kepco selected as preferred bidder for 200 MW Guam power plant
State-run Korea Electric Power Corp. said Wednesday it has been selected as a preferred bidder for a Guam power plant by the Guam Power Authority. If the deal is sealed, Kepco will build and operate a 200-megawatt Guam power plant in Dededo, northern Guam. Hyundai Engineering will also join the project to build the power plant. The project will be carried out in the form of build-operate-transfer project financing. Kepco will be able to sell power produced in the region over the next 25 yea
June 19, 2019
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Riot Games Korea returns two more overseas Korean artifacts
Riot Games Korea and the Overseas Korean Cultural Heritage Foundation unveiled 19th century royal relics retrieved from overseas Wednesday at the National Palace Museum of Korea.The treasures returned to Korea this time are a square-shaped 19th century white porcelain jar with the inscription of the palace Idonggung and a stamp with an auspicious beast for a handle to represent the palace Junghwagung. The National Palace Museum of Korea will look after and study the artifacts. The OKCHF sai
June 19, 2019
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[Feature] Complaints grow over social media influencers’ online markets
For 29-year-old office worker surnamed Jang, buying a dress from a popular Instagram influencer who has some 4,000 followers was a money-losing proposition and regretful shopping experience. “Although the dress was not from a famous brand, it was around 200,000 won ($170). The seller said the dress is tailor-made, advertising it as a now-or-never deal to own a perfect-fit dress made with high-quality fabric,” said Jang. But when she received the product, the dress was diffe
June 19, 2019
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Korean Air orders 30 Boeing 787 aircraft for W11tr
South Korean flagship carrier Korean Air said Wednesday it has clinched a deal with Boeing to acquire 30 Boeing 787 aircraft at the Paris Air Show in an effort to modernize its aircraft.Korean Air has agreed to buy 20 new wide-body B787-10s and to lease 10 additional B787-9s, the company said in a statement. The deal approximately costs 11.5 trillion won ($9.7 billion), based on the price list. This marks the first large-scale purchase deal made by the new chief Cho Won-tae, who took office
June 19, 2019
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AFoCO shares sustainable forest restoration commitment at APFW
The Asian Forest Cooperation Organization (AFoCO) shared its strategic priorities at the Asia-Pacific Forestry Week on Tuesday, in Songdo Convensia Convention Center, Incheon, reaffirming its commitment to contribute to regional cooperation and relevant works.The opening ceremony of the event was held on Tuesday and will run through Friday. It is the largest forestry gathering in the APAC region organized by the UN Food and Agriculture Organization bringing government, private, academia, researc
June 18, 2019
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AFoCO envisions greener Asia through regional cooperation.
The establishment of Asian Forest Cooperation Organization (AFoCO) was proposed by South Korea at the ASEAN-ROK Commemorative Summit in 2009. It is aimed at strengthening regional forest cooperation by transforming proven technology and policies intro concrete actions in the context of sustainable forest management to address the impact of climate change. The ASEAN-ROK Forest Cooperation was formalized in 2012 as the initial phase of AFoCO. Under this cooperation mechanism, regional forestry act
June 18, 2019
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KEA shares energy efficiency know-how with South Asian nations
State-run Korea Energy Agency has opened a knowledge-sharing program with the World Bank, inviting officials from South Asia to Seoul, the government agency said Tuesday. The KEA began the third WB-KEA energy efficiency knowledge-sharing program hosted by the World Bank, inviting officials from Sri Lanka and Bangladesh. The five-day training program aims to share Korea’s energy policies and experience. With the topic of energy efficiency system for buildings, Korea is sharing green bu
June 18, 2019
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Korea’s nuclear reactor technologies allegedly leaked to UAE, US
The South Korean government is reportedly looking into allegations of leaks of key nuclear reactor technologies to other countries. According to multiple local news reports Tuesday, the Nuclear Safety and Security Commission and the National Intelligence Service are verifying the authenticity of a tipoff delivered to the NSSC through a nuclear safety ombudsman system. Based on the tipoff, one retiree from state-run nuclear operator Korea Hydro & Nuclear Power has allegedly leaked &ldquo
June 18, 2019
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SK’s US subsidiary Ampac opens 180,000-liter capacity CDMO facility
SK Holdings’ US subsidiary Ampac Fine Chemicals celebrated the opening of its contract development and manufacturing facility with production capacity of 180,000 liters in Petersburg, Virginia, on Sunday. SK Holdings acquired AFC in July 2018, marking the first global acquisition by a Korean pharmaceutical firm. At the time, industry insiders reportedly viewed the acquisition as a milestone for a Korean pharma firm to acquire a 100 percent stake in AFC, a contract development and manu
June 18, 2019
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Samsung SDS vows to expand enterprise blockchain platform
Samsung SDS Co. said Tuesday it will expand its partnerships with various industrial players to facilitate the convergence of its enterprise blockchain platform with other technologies and increase utlization.The IT service subsidiary of Samsung Electronics Co. has been developing cloud-based blockchain technologies for use in the manufacturing, logistics, public sector, finance and health care sectors. Samsung SDS said it has been working with local hospitals, insurance companies and digi
June 18, 2019
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Homeplus CEO encourages employees to become ‘new best’
The chief of South Korea’s second-largest retailer Homeplus recently sent out a hand-written letter to employees encouraging them to face the new challenges head-on and strive to become “new best,” the company said Monday.CEO Im Il-soon has been leading the retail chain giant since October 2017.“I am certain that despite the cutthroat competition we can stand as a new force in the retail sector with our hard work. Because we will maximize our excellent distribution capaci
June 17, 2019
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[Photo News] Family of late IIAC CEO donates scholarship
Participants pose in a ceremony to deliver a scholarship worth 100 million won ($84,300) in the name of the late CEO of Incheon International Airport Corporation, Lee Chae-wook, Friday at the auditorium of the Haneul Academy. The donation was made upon the wish of Lee, who passed away in March this year at 73. Haneul Academy, a private high school located in Incheon, opened in 2011 based on 50 billion won in subsidies from IIAC during the time Lee was heading the airport corporation, as par
June 17, 2019
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‘Human-focused forest policy can improve citizens’ lives’
The following is a transcript of a speech by Korea Forest Service Minister Kim Jae-hyun at the opening of the Asia-Pacific Forestry Week in Songdo, Incheon, on Monday. -- Ed.I would like to sincerely welcome all of you to Asia-Pacific Forestry Week 2019.I am very delighted to invite you all and discuss forest issues in Incheon in June, when verdant greenery reaches its peak. There is a saying that “humans have been living with forests.” But I would like to rephrase it a lit
June 17, 2019
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APAC’s biggest forum kicks off to shine on forests for peace, well-being
Officials, experts and scholars from 46 countries around the world gathered in Songdo, Incheon, on Monday for a five-day international conference on the future of forestry and the challenges that Asia-Pacific as a region faces today.Co-organized by the Korea Forest Service and the Food and Agriculture Organization of the United Nations, the 28th Session of the Asia-Pacific Forestry Commission and the Asia-Pacific Forestry Week 2019 will discuss the role of forestry in mitigating climate change a
June 17, 2019