Most Popular
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S. Korea, Singapore seal supply chain agreement
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North Korean troops killed, wounded in Ukraine war: Seoul defense minister
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Korean language teaching expert says demand has outstripped supply
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[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
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Conscripting women to lead to 'more babies,' claims military think tank
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Who is pollster roiling politics with claims of government string-pulling?
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Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
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Taking away phones during school hours not a human rights violation: watchdog
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Korea launches antidumping probe into Chinese steel
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[Grace Kao] Why K-pop lip-syncing doesn’t bother me
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GS Group unveils sustainability goals in its first ESG report
South Korea’s energy-to-retail conglomerate GS Group said Wednesday that it has published its first environmental, social and governance report which contains three key execution plans under a slogan of “Grow Sustainably, GS.” The company said the slogan illustrates the firm’s willingness to make long-term growth which is flexible to social changes in terms of its sustainability execution plans. The plan seeks to reduce, improve and innovate rather than chasing after ef
June 22, 2022
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[Photo News] Empty Myeong-dong
Shops in Myeong-dong, which has been a popular shopping district in Seoul for decades, are seen vacant despite growing numbers of foreign tourists visiting Korea, Wednesday.
June 22, 2022
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First annual trade deficit since 2008 expected this year
South Korea is expected to record this year its first annual trade deficit since the global financial crisis in 2008, the Korea International Trade Association said in a report released on Wednesday. The country is projected to post an annual trade deficit of $14.7 billion due to high oil prices, with $703.9 billion in exports and $718.5 billion in imports, KITA’s Institute for International Trade said. Exports are likely to rise above $700 billion for the first time ever, or up 9.2 perc
June 22, 2022
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Lotte Mart adopts AI system for quality control of fruits
South Korean retail giant Lotte Mart said Wednesday it has adopted an artificial intelligence-based screening system for better quality control of fruit products, an industry first here. The AI screening system, using near-infrared light, collects and analyzes data from fruits ranging from weight and sugar content to water content and ripeness. The new technology also allows to detect internal defects such as browning, overripening or cracked seeds that could speed up the fruit rotting. Curr
June 22, 2022
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GM Korea to launch GMC pickup brand in H2
INCHEON -- GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will launch the GMC brand in the second half, with the Sierra Denali set to be released as the brand's launch model in the Korean market. GM's decision to launch the GMC brand is part of the Detroit carmaker's multi-brand strategy in which the Korean unit produces compact SUVs in Korea and brings in large-sized SUVs and pickups from the United States. GMC is GM's premium SUV and pickup tru
June 22, 2022
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Line Plus to allow remote work from abroad
Line Plus, the global arm of messaging app provider Line Corp., said Monday that it will implement a new work system called “Line Hybrid Work 2.0” in July, which includes guidelines on working remotely from abroad. Starting July 1, Line Plus employees will be able to work remotely from anywhere in the world that has a time difference of less than four hours with Korea, for up to 90 days. This will allow employees to work from the company’s major markets including Japan, Taiw
June 22, 2022
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Samsung expected to announce mass production of 3nm chip next week
Samsung Electronics Co. is expected to announce mass production of 3-nanometer semiconductors next week, sources said Wednesday, beating its foundry rival TSMC in advanced chipmaking process. The next-generation 3nm chips will be built on the Gate-All-Around (GAA) technology, which Samsung said will allow up to 45 percent area reduction while providing 30 percent higher performance and 50 percent lower power consumption, compared with the existing FinFET process. The South Korean tech giant show
June 22, 2022
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S. Korea joins elite space club as 7th member
The successful launch of South Korea’s homegrown space rocket Nuri, officially the Korea Space Launch Vehicle-II, on Tuesday added the country as the seventh nation in the world to have developed a space launch vehicle that can carry a satellite of more than 1 ton. The list begins with Russia, the US and France. China, Japan and India later joined the exclusive club of spacefaring nations. Since initiating its first space rocket development mission in the early 1990s, it took nearly 30 y
June 21, 2022
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Chaebol groups batten down the hatches
South Korea’s chaebol groups are expected to take a more cautious approach toward hiring and spending as they brace for rough times ahead amid widespread fears of an economic downturn. Samsung Group held a rare CEO meeting on Monday, almost five years since a weekly meeting of top executives across affiliates was suspended following the dissolution of the Future Strategy Office, also dubbed as the group’s control tower, in 2017. According to Samsung, a total of 25 CEOs of key aff
June 21, 2022
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[Photo News] 2nd Attempt
South Korea’s homegrown space rocket Nuri is erected at the launch pad at Naro Space Center in Goheung, South Jeolla Province, Tuesday morning, waiting for its second launch trial in the afternoon. Nuri’s first attempt in October last year had ended in failure as it failed to put a dummy satellite into orbit.
June 21, 2022
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LS Cable supplies optical cables to Vietnam’s Viettel
LS Cable & System Asia, LS Group’s cable manufacturing unit, said Tuesday that it has delivered fiber optic cables manufactured in Vietnam to the country’s largest telecommunications operator Viettel. The latest deal with state-run Viettel comes amid soaring demand. LSCV had set up infrastructure and facilities for producing optical cables in Vietnam in 2015. Fiber optic cables, network cables which contain strands of glass fibers inside insulated casing, are designed for
June 21, 2022
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SK Geo Centric exports benzene made from recycled chemical
South Korean petrochemical company SK Geo Centric said Monday that it has started exporting renewable benzene from last week, as part of its cooperation with European firms in creating a regional value chain for renewable chemicals. Benzene is an organic compound used to make plastic, resin and synthetic fiber. It is traditionally produced by processing fossil fuel-based feedstocks. Finnish oil company Neste Corp. provided its Korean counterpart with feedstock made from recycled materials. S
June 21, 2022
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New app, Crates, helps users learn Korean
An online learning service company said it has launched a new app for non-Koreans learning Korean. The app, Crates, also provides Korean cultural content for free to help people understand Korean culture, eKYSS said, adding that demand for learning the language has increased sharply with the rising popularity of Korean pop music, movies and TV shows. Currently available in English, Chinese, Bahasa and Vietnamese, Crates will gradually be expanded to help people learn English, Chinese, Japanese
June 21, 2022
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Hanwha Solutions to supply hydrogen tanks to Shell in US
Hanwha Solutions Corp., a chemical and energy unit of South Korean conglomerate Hanwha Group, said Tuesday it has won a deal to provide hydrogen tanks to global energy firm Shell PLC in the United States. Hanwha Cimarron, its wholly-owned US subsidiary, will be supplying the Neptune hydrogen tanks, as Shell is pushing to participate in a project led by California to build 1,000 hydrogen charging stations in the state by 2030, Hanwha said in a release. Hanwha declined to give more details on the
June 21, 2022
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Lotte Chemical considering building electrolyte solvent factory with Sasol
Lotte Chemical Corp. said Monday it is pushing to build an electrolyte solvent factory overseas with a US-based chemical company as it seeks to bolster its battery components business. It signed an agreement with Sasol Chemicals LLC, the American unit of South African petrochemical firm, Sasol Ltd., last week to conduct a feasibility study on the envisioned project, with either the US state of Louisiana or the industrial city of Marl in northwestern Germany being considered for the location, Lot
June 20, 2022
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South Korea’s misery index reaches highest in 21 years
South Koreans experienced the greatest economic pain in May largely due to soaring consumer prices and higher unemployment rates, according to data on Monday. The nation’s “misery perceptions” index, calculated by adding the seasonally adjusted jobless rate to the annual inflation rate, stood at 8.4 in May, said Rep. Kim Hoi-jae of the main opposition Democratic Party of Korea, quoting data compiled by Statistics Korea. It was the highest figure in 21 years since it ma
June 20, 2022
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SPC to build halal food factory in Malaysia
South Korean food company SPC group said on Monday that it has invested 40 billion won ($31 million) to enter Malaysia’s halal market with its bakery brand Paris Baguette. Halal refers to the types of food Muslims are permitted to eat in accordance with the Islam religion. As Muslims account for almost 24 percent of the world’s population, the SPC group plans to target the promising halal food market by using Malaysia as a launch base. Malaysia is Paris Baguette‘s eighth ove
June 20, 2022
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Hyundai, Michelin extend partnership for EV tire development
Hyundai Motor Group said Monday it has extended a partnership with French tiremaker Michelin to develop high-end tires dedicated for upcoming electric vehicles. The South Korean automaker will collaborate with Michelin to develop tires for all-electric and environment-friendly vehicles for the next three years, the company said in a statement. In the previous five-year partnership that ended in June, the two companies worked together to develop the tires installed in the Hyundai IONIQ 5 all-elec
June 20, 2022
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Hyundai, Kia's total sales of eco-friendly cars top 3m units
Hyundai Motor Co. and Kia Corp. saw the total sales of their eco-friendly cars exceed 3 million units, industry data showed Sunday, 13 years after they began rolling out hybrid vehicles. South Korea's top automaker and its affiliate sold 393,509 eco-friendly cars, including plug-in hybrid and all-electric vehicles, in the January-May period of this year, raising their accumulative sales to 3.01 million units, according to the data. Demand for eco-friendly cars remained solid despite global
June 19, 2022
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Elon Musk’s mother hired as face of Ceragem
Ceragem, a South Korean medical appliance company, said Thursday that it has hired Maye Musk, mother of Tesla CEO Elon Musk, as a global ambassador for the brand. Ceragem manufactures and sells back warmers inspired by the traditional Korean floor heating system, known as “ondol.” With the product, which is certified by the US Food and Drug Administration, Ceragem aims to expand into the global market by working with Musk, a renowned model and nutritionist. The 74-year-old model, w
June 16, 2022