Most Popular
-
1
S. Korea, Singapore seal supply chain agreement
-
2
North Korean troops killed, wounded in Ukraine war: Seoul defense minister
-
3
Korean language teaching expert says demand has outstripped supply
-
4
[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
-
5
Conscripting women to lead to 'more babies,' claims military think tank
-
6
Who is pollster roiling politics with claims of government string-pulling?
-
7
Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
-
8
Taking away phones during school hours not a human rights violation: watchdog
-
9
Korea launches antidumping probe into Chinese steel
-
10
[Grace Kao] Why K-pop lip-syncing doesn’t bother me
-
Woori Bank faces probe again over wire transfers
Woori Bank, one of the five largest lenders in South Korea, is under investigation over suspicious money transfers totaling 800 billion won ($623 million) as one of the bank employees is standing a separate trial on charges that he stole 61 billion won in the largest bank theft local lenders have seen. A Woori branch in Seoul had sent the money overseas in the last year in what the bank and authorities suspect to be fraudulent remittances that could involve money laundering, given the transacti
June 27, 2022
-
GS Inima gears up for seawater desalination project in Oman
A 2.4 trillion won ($1.86 billion) seawater desalination project in Oman overseen by GS Engineering & Construction subsidiary GS Inima has kicked off, officials said Monday. GS Engineering & Construction has signed financing documents for GS Inima’s project to build a Barka 5 Independent Water Plant in Oman, a deal reached with Oman Power & Water Procurement Co. in 2020, the company said. Of the $130 million that will be needed for building the plant, GS E&C will be procu
June 27, 2022
-
[Best Brand] Hanwha Q Cells looks to tap home solar power systems
Leading total energy solution provider Hanwha Q Cells is accelerating efforts to bring solar energy into households in South Korea, with its Q.Home initiative that will allow people to produce, store and manage solar energy. The product is already being sold in Europe, where demand is high. The company, which entered the solar energy business in 2010 and has since provided energy storage systems and energy management systems, is known for producing quality photovoltaic systems, or solar power s
June 27, 2022
-
[Best Brand] Coway’s Icon Water Purifier 2 attracts with innovative features
The second edition of South Korean furniture and home appliance brand Coway’s Icon Water Purifier is garnering attention with its innovative characteristics. Launched June 2, the product features artificial intelligence technology that autonomously diagnoses the operation status of the water purifier, according to the company. In addition, the user can use its mobile app to not only analyze the condition of the product, but also control it remotely. It has obtained the AI+ artificial i
June 27, 2022
-
[Best Brand] Starbucks Korea recognized for offering equal job opportunities
Starbucks Korea has been bolstering its efforts in creating equal job opportunities and giving back to society. The coffee chain, with over 20,000 employees across over 1,600 locations nationwide, has been recognized by the government for providing equal employment opportunities to disadvantaged groups. The Korea Employment Agency for Persons with Disabilities chose Starbucks Korea as an “excellent case” of having incorporated the disabled into its workforce. As of June 2022, Sta
June 27, 2022
-
[Best Brand] Powerful-X Recovery Cream becomes No. 1 sports cream
Powerful-X Recovery Cream is the nation’s No. 1 sports cream, offered by Powerful-X, a local sports beauty and health care company. Since its launch in 2014, sales exceeded 30 billion won ($23.2 million) in 2017 and its success led to the maker’s stock debut on Konex, a securities exchange for small and medium-sized firms, in the same year. The firm attributed the cream’s huge success to its steady quality improvement over the time. The firm applied its own “Flex-So
June 27, 2022
-
[Best Brand] Come In Wash‘s patented solution offers high quality service
Automatic car wash system company Come In Wash first received attention for offering high quality car wash services using an automatic, no-touch, no-brush car wash which was patented in 2019. With increasing market demand and business expansion, Come In Wash has opened its first branch in downtown Seoul on June 10. Located in Samseong-dong, Gangnam-gu, Seoul, it offers a top quality car wash system for customers in adjacent neighborhoods such as Cheongdam-dong and Apgujeong-dong. Unlike other
June 27, 2022
-
[Best Brand] Shinhan Card targets Generation MZ with ‘Hilarious Loopy’
Shinhan Card recently launched debit cards that feature the popular animation character Loopy, targeting “Generation MZ,” a local term combining millennials and Generation Z and roughly encompassing those born from the 1980s to 2010s. “Hilarious Loopy,” an exaggerated version of Loopy’s funny character, went viral across social media and online communities among teens and 20-somethings, prompting the credit card company to use the character from the “Pororo t
June 27, 2022
-
Despite brisk earings, refiners weary of windfall tax
The nation’s four refiners -- SK Innovation, GS Caltex, S-Oil and Hyundai Oil Bank -- are expected to post record earnings in the second quarter this year, with sky-high oil prices boosting their operating margins. But they are under heavy social and political pressure as their thriving business means higher energy bills for consumers. Commodity prices rise and fall dramatically and refiners are sometimes threatened with a tax on their “extraordinary” profit at times of high
June 27, 2022
-
SK Bioscience's COVID-19 vaccine candidate inches closer to launch after experts' approval recommendation
South Korea's first COVID-19 vaccine candidate, developed by SK Bioscience Co., has received an approval recommendation from a government advisory group of pharmaceutical experts, officials said Monday, pushing the vaccine candidate one step closer to commercial launch. The Ministry of Food and Drug Safety said GBP510, the vaccine candidate developed by SK Bioscience, was recommended during a meeting of the ministry's Central Pharmaceutical Review Committee on Sunday as being ready for
June 27, 2022
-
Hyundai tops in EV sales in Indonesia last month
South Korea's Hyundai Motor Co. had the highest electric vehicle sales in Indonesia last month, an Indonesian automotive industry association said Sunday. Hyundai sold 196 EVs -- 195 units of the IONIQ 5 and one unit of the IONIQ Electric -- in the Southeast Asian market in May, according to the Association of Indonesia Automotive Industries (GAIKINDO). Hyundai accounted for 98 percent of the entire 200 units of EVs sold in Indonesia last month, it said. In the January-May period, Hyundai
June 26, 2022
-
Posco apologizes for sexual violence in workplace
South Korean steelmaker Posco apologized Thursday for a recent case of sexual violence that occurred within the workplace. “We sincerely apologize to the victim and her family for the recent unsavory sexual violations in the company, and the company feels deeply responsible,” Posco Vice Chairman Kim Hak-dong said in a written statement. According to police in Pohang, North Gyeongsang Province, a woman in her 20s working at the steelmaker’s plant in the industrial city filed e
June 24, 2022
-
Construction contracts rise 10.7% in value in Q1
The value of construction contracts in South Korea climbed more than 10 percent in the first quarter of the year on more public and private projects, government data showed Friday. The value of civilian and public work contracts in Asia's fourth-largest economy came to 73.1 trillion won ($56 billion) in the January-March period, up 10.7 percent from a year earlier, according to the data from the Ministry of Land, Infrastructure and Transport. Private deals swelled 14.1 percent on-year to 52
June 24, 2022
-
Hyundai Mobis system able to check multiple vital signs in cars
Hyundai Mobis said Thursday that it has developed the world’s first biotech mobility system that analyzes the driver’s health status by checking multiple vital signs. The firm plans to further develop this tech into a mobility system that can monitor for drunk driving. The latest tech, called Smart Cabin Controller, consists of four sensors, including a 3D camera and electrocardiogram (ECG) sensor, according to Hyundai Mobis. By capturing vital signs such as heart rate, brainwaves
June 23, 2022
-
[Photo News] End of food delivery boom?
Customers look around at premade side dishes for Korean hansik at a side dish (banchan) store in Seoul on Thursday. After years of a food delivery boom here, an increasing number of Koreans are turning to cheaper options like eating at home amid inflation woes.
June 23, 2022
-
Daewoo E&C gears up for business expansion in Vietnam
South Korean builder Daewoo E&C is gearing up for further expansion in Vietnam with a comprehensive plan to invest in infrastructure building, logistics and energy. To support the builder’s Vietnam project, Jungheung Group Vice Chairman Jung Won-ju, along with a business delegation, on Wednesday met with Deputy Prime Minister Pham Binh Minh to discuss the progress of its Starlake City project in Hanoi and other investments, according to Daewoo officials. “We are planning to in
June 23, 2022
-
Posco hosts companywide community service event
Posco said Thursday that it kicked off its annual community service event, “Global Model Citizen Week,” on June 14. The 12-day event will have 63,000 Posco employees worldwide participating. It consists of over 1,000 volunteer projects that give back to society, such as helping disadvantaged groups, preserving the ecosystem and supporting welfare centers. As part of the event, Posco Vice Chairman Kim Hak-dong planted red roses and honey tree saplings with other Posco employees at
June 23, 2022
-
HJ Shipbuilding wins $240 m order for 2 container ships
BUSAN -- South Korean shipyard HJ Shipbuilding & Construction Co. said Thursday it has clinched a $240 million order to build two eco-friendly container carriers for a European shipper. HJ Shipbuilding & Construction said it will build the 7,700 twenty-foot equivalent unit container vessels with liquefied natural gas duel-fuel engines at its shipyard in this southeastern port and deliver them to the undisclosed shipping company from late 2024. HJ Shipbuilding & Construction, formerly
June 23, 2022
-
S. Korea successfully deploys precision navigation satellite to boost GPS accuracy, flight safety
South Korea successfully launched a precision aviation satellite Thursday to improve the accuracy and reliability of global positioning system (GPS) signals and better ensure flight safety, the government said. The satellite for the Korea Augmentation Satellite System (KASS), the country's first precision GPS location augmentation system, lifted off from Guiana Space Center in Kourou in French Guiana, at 6:50 a.m. Thursday (Seoul time), according to the Ministry of Land, Infrastructure and
June 23, 2022
-
Posco, Brazil’s Vale donate $100,000 to Korea Food for the Hungry International
Posco said Wednesday that it has teamed up with Brazil’s largest raw material supplier, Vale, to donate $100,000 to Korea Food for the Hungry International, an international relief program, as part of their humanitarian efforts jointly pledged last year. The two firms have maintained close ties for more than 40 years, with Vale supplying key materials like iron ore to Posco, the steel giant, for decades. In May last year, they signed a memorandum to create a new matching fun
June 22, 2022