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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20 minors registered as CEOs making over 100 million won
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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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K-pop CEOs sidestep key issues at National Assembly audit
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Who is pollster roiling politics with claims of government string-pulling?
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Man killed by fellow hunter who mistook him for wild boar
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Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
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[MWC 2022] Samsung Electronics unveils Galaxy Book2, virus-proof laptop with stronger Wi-Fi
Samsung Electronics Monday released Galaxy Book2 Business, a laptop mounted with Microsoft and Intel’s anti-virus programs and advanced 6E Wi-Fi, targeting remote workers who remain vulnerable to cybersecurity threats and slow internet connections. During the annual Mobile World Congress held in Barcelona, Spain, the South Korean tech giant announced the release of Galaxy Book2 Business installed with layers of protection from Intel and Microsoft. The laptop, which only weighs 1.51 kil
Feb. 28, 2022
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Hana Bank to sponsor Korean athletes at 2022 Winter Paralympics
Hana Bank said Monday it will sponsor the Korea Paralympic Committee to support the South Korean delegation to the upcoming 2022 Beijing Winter Paralympics. The delegation consists of 32 athletes competing in six sports. The bank‘s partnership with the committee dates back to 2018, when Hana Bank first started sponsoring the Pyeongchang Winter Olympics and Paralympics. Hana remains the only banking group backing the Korea Paralympic Committee. This recent commitment aligns with the g
Feb. 28, 2022
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PLANA shares vision for advanced air mobility with hybrid electric aircraft model
PLANA, a South Korean startup developing vertical take-off and landing aircraft powered by hybrid e-powertrain, shared its vision for advanced air mobility, or AAM, with its unique model at the 2022 Drone Show Korea that ended Saturday. Plana CEO Braden J. Kim, who studied aerospace engineering and holds a doctorate in mechanical engineering, founded the company in July last year. He most recently worked at Hyundai Motor Group’s urban aircraft mobility development team. In h
Feb. 28, 2022
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S. Korea retains 5th place in global vehicle output: report
South Korea ranked fifth in terms of the global vehicle production last year, retaining the spot for the second consecutive year, amid efforts to minimize the fallout from the pandemic-caused global chip shortages, a report showed Monday. The combined vehicle output by South Korean carmakers, including Hyundai Motor Co. and Kia Corp., reached 3.46 million units as of end-2021, down 1.3 percent from the previous year, according to the report by the Korea Automobile Manufacturers Association (KAMA
Feb. 28, 2022
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Booyoung offers scholarships to international students in Korea
Booyoung Group’s Woojung Education and Culture Foundation provided scholarships totaling 350 million won ($292,000) to 89 international students studying in Korea for the first semester of the 2022 academic year. The recipients are from 34 countries including Vietnam, Bangladesh, Uzbekistan, and Cambodia. Since 2010, the foundation has granted financial support to Asian, African and Latin American students on a semester basis. Scholarships worth 83 billion won have been gi
Feb. 27, 2022
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Hyundai E&C opens virtual model home for Songdo Hillstate Lake
Hyundai Engineering & Construction opened a virtual model home for its new Hillstate Lake apartment complex that will be constructed in Songdo, Incheon, the company said Sunday. The virtual tour delivers an immersive experience that allows customers to view a detailed profile of the floorplan. The service is available on the Hillstate Lake official website. The new build marks the fourth apartment complex of the Hillstate village in Songdo Landmark City, where the first three complexes
Feb. 27, 2022
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Starbucks Korea donates Han Yong-un’s handwriting to mark Independence Day
Starbucks Korea said Sunday that it has donated a piece of calligraphy by Manhae Han Yong-un, a 20th century Korean Buddhist reformer and poet who also fought for Korea’s independence, to the National Trust for Cultural Heritage to mark the 103th anniversary of Korea’s Independence Movement Day that falls on March 1. The writing, which reads “Jeon Dae Beob Ryun,” has the meaning that a world of great truth does not settle but constantly evolves. As the only piece
Feb. 27, 2022
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Posco Chemical to expand low-expansion anode production
Posco Chemical, the battery and chemical materials manufacturing arm of Posco Group, said Sunday it will expand investment in low-expansion anodes, a material needed for electric vehicle batteries. Low-expansion anodes are uniquely developed by Posco Chemical that enhance the safety, lifespan and charging speed but at a more affordable price, according to the company. The production expansion plan from the current 7,000 metric tons to 35,000 tons was approved by the board of directors o
Feb. 27, 2022
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LG Innotek vows shared growth with partners
LG Innotek Co. signed an agreement with some 100 partner firms on financial, technological, management and educational cooperation on Thursday in its annual event for shared growth which it has held since 2010. This year, the IT components maker said it will start providing partner firms with expert consultations on environmental, social and corporate governance, and increase financial support for partners’ factory automation. LG Innotek said it will also offer partner firms knowhow on i
Feb. 27, 2022
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Biden’s Russia sanctions to indirectly hit Korea’s chip, auto industries
As the US Biden administration imposes economic sanctions against Russia for invading Ukraine, South Korean firms including Samsung Electronics and SK hynix are expected to take collateral damage. On Friday, President Joe Biden unveiled comprehensive economic sanctions to cripple the Russian economy. The sanctions would limit the export of products that can potentially increase Russia’s ability to advance its military and aerospace sector. The sanctions would prohibit companies from s
Feb. 25, 2022
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Hyundai partners with Shell to accelerate transition into carbon-neutral mobility
Hyundai Motor said Friday that it has signed a memorandum of understanding with US energy giant Shell to speed up the popularization of electric vehicles and achieve carbon neutrality. Through this MOU, the South Korean auto giant hopes to actively promote its carbon-neutral goals and Shell hopes this serves as momentum for it to expand its green energy business. The two companies agreed to cooperate in establishing infrastructures for EV charging, coming up with low carbon-emitting solutions,
Feb. 25, 2022
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Samsung Galaxy S22 launched globally
Samsung Electronics on Friday launched its latest flagship smartphone Galaxy S22 as well as its tablet Galaxy Tab S8 in some 40 countries. According to the South Korean tech giant, the new devices will be available in major markets including Korea, the US, Canada, the UK and France. In March, the high-tech gadgets will be available in more than 130 countries. The Galaxy S22 and the Galaxy Tab S8 series enjoyed greater preorders than previous models. Preorders for both the Galaxy S22 and Galax
Feb. 25, 2022
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AB InBev named creative marketer of the year at Cannes Lions
Anheuser-Busch InBev, the Belgian brewing giant and the parent company of South Korea’s largest beer manufacturer Oriental Brewery, said Wednesday that it has won the creative marketer of the year award at the Cannes Lions 2022. Cannes Lions is the world’s largest advertising awards festival. Since 1992, the top honor has been awarded to companies as prominent as Apple, Coca Cola, Google, Samsung Electronics and Microsoft, for demonstrating creative excellence. This year, the honor
Feb. 24, 2022
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Philips Korea receives Health Minister’s Award for improving lives of underserved
Philips Korea has received the Health and Welfare Minister’s Award at the 2022 Happiness Together Social Contribution Campaign for helping improve people’s lives through health care technology, the company said Thursday. Marking its 12th edition, the annual awards recognizes exemplary companies that practice social responsibilities. Co-hosted by the Korea Enterprises Federation and the Association of Korean Journalists, the campaign is sponsored by several ministries including the
Feb. 24, 2022
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Posco’s plan to set up holding firm in Seoul faces political backlash
Posco Group has been left baffled over calls from political circles and local communities not to establish a new holding company in Seoul, and to stay in Pohang, North Gyeongsang Province, where the firm was initially founded as a state-run enterprise in 1968. All four leading presidential candidates have publicly urged Posco -- which will officially launch a new holding firm on March 2 -- to remain in its birthplace of Pohang for the sake of balanced regional development. Posco has den
Feb. 24, 2022
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Kepco suffers record operating loss of W5.8tr
Korea Electric Power Corp. hemorrhaged a record operating loss of 5.8 trillion won ($4.8 billion) last year, going back into the red after an operating profit of 4 trillion won the year before. Kepco suffered an unprecedented deficit as the public company couldn’t raise electricity prices in line with rising global fuel prices, due to the government’s inflation concerns. The figure is almost double from when Kepco witnessed an operating loss of 2.7 trillion won in 2008 when oil
Feb. 24, 2022
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Biggest drone show in Korea showcases future of air transports
Drone Show Korea 2022 kicked off Thursday to showcase the latest innovations of major South Korean aviation and defense firms, offering a glimpse into future drones that will become available in daily lives in a few years ahead. During the three-day event held at Bexco in Busan, LIG Nex1, a local defense firm that specializes in missiles, unveiled KCD-200, a drone that can transport payloads heavier than 200 kilograms. KCD-200, which looks like a small airplane, is supported by seven propelle
Feb. 24, 2022
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Ukraine tensions feared to disrupt chip production
A military confrontation between Russia and Ukraine could disrupt supply of raw materials, potentially exacerbating the ongoing global chip shortage, analysts said Thursday. Russia and Ukraine produce raw materials, such as neon, used in chipmaking processes, raising concerns that the escalating tension could disrupt the supply of key materials. According to market research firm TrendForce, Ukraine supplies nearly 70 percent of the world's highly purified neon gas used to etch circuit designs in
Feb. 24, 2022
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21 Hyundai models earn US safety awards
Hyundai Motor Group said Thursday it has earned the most safety pick awards from the U.S. Insurance Institute for Highway Safety (IIHS), beating rivals such as Volkswagen and Volvo. Eleven models from the South Korean automotive group garnered the Top Safety Pick+ (TSP+) awards and 10 models obtained the Top Safety Pick (TSP) awards, Hyundai said in a statement. The group has Hyundai Motor Co., its independent Genesis brand, and affiliate Kia Corp., under its wing. The 11 TSP+ winners are Hyunda
Feb. 24, 2022
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Celltrion expects COVID-19 treatment candidate to show efficacy against omicron
South Korean pharmaceutical giant Celltrion Inc. on Thursday anticipated its antibody treatment against COVID-19 under development would show efficacy against the omicron variant. Celltrion said that CT-P63 has maintained strong neutralizing ability against the omicron variant during pseudo-virus testing. The candidate treatment is currently under clinical trials. The announcement comes after local health authorities announced Wednesday they will halt using Celltiron's COVID-19 treatment, Rekiro
Feb. 24, 2022