Most Popular
-
1
'Culinary Class Wars' producers deny trying to spice up results
-
2
Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
-
3
Ex-president's daughter investigated for drunk driving accident
-
4
Seoulites celebrate coexistence at Wellness Seoul 2024
-
5
S. Korea, Singapore seal supply chain agreement
-
6
Netflix, streaming platforms come under fire for loose ratings
-
7
North Korean troops killed, wounded in Ukraine war: Seoul defense minister
-
8
20 minors registered as CEOs making over 100 million won
-
9
[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
-
10
Korean language teaching expert says demand has outstripped supply
-
Genesis unveils exterior of all-new G90 sedan
Genesis, the luxury brand of Hyundai Motor Co., on Tuesday unveiled the exterior images of the all-new Genesis G90 sedan ahead of its local launch next year. The G90 is a fully revamped model following its face-lift in 2018. Genesis plans to launch the flagship G90 sedan and its long wheelbase version in the domestic market early next year, a company official said. Under the brand's design philosophy of Athletic Elegance, the new G90 features an extension of Genesis' "two-line" de
Nov. 30, 2021
-
Korean businesses see no major breakthroughs in Japan ties
Most South Korean companies trading with Japan were pessimistic over the possibility of the two neighboring countries improving their chilled ties anytime soon, despite the urgent need to do so, an industrywide survey found Monday. According to the survey conducted by the Korea Chamber of Commerce and Industry, 92.6 percent of 202 domestic companies agreed that bilateral economic cooperation was absolutely necessary to facilitate trade between the two nations. But the majority of the firms s
Nov. 29, 2021
-
[Hydrogen Korea] S-Oil looks to bring world’s cheapest clean hydrogen from Saudi Arabia
With just one-fifth of its barren land, Saudi Arabia can generate sufficient renewable energy to produce 530 million tons of green hydrogen. That is equivalent to the entire world’s green hydrogen demand in 2050. Ironically, the world’s biggest exporter of fossil fuels is gifted with the cheapest solar and wind power on Earth, as the sun shines reliably every day and the wind blows constantly every night in the desert. Thanks to its almost unlimited sunshine and wind, Saudi Ara
Nov. 29, 2021
-
SK chairman’s younger brother likely to return to management
Speculation is growing over the possibility of SK Chairman Chey Tae-won’s younger brother Chey Jae-won returning to management to take the helm of the group’s refining and petrochemicals unit SK Innovation, according to industry sources on Monday. The junior Chey, who served a three-and-half year jail term for embezzlement in 2014, faced employment restrictions for five years. Chey Jae-won, who holds a bachelor’s degree in physics from Brown and a master’s degree in
Nov. 29, 2021
-
SK Square now 2nd-largest shareholder of Korbit
SK Square became the second-largest shareholder of Korbit, one of South Korea’s top four cryptocurrency exchanges, by investing about 90 billion won ($75.5 million) to acquire a 35 percent stake, the company announced Monday. The largest shareholder of Korbit is NXC, the holding company of local online game maker Nexon. SK Square expects that holding a stake of Korbit itself will increase the net asset value of SK Square, as the volume of cryptocurrency transactions has rapidly increase
Nov. 29, 2021
-
[Herald Interview] Korean startup turns leather scraps into yarn
The need to reduce humanity’s carbon footprint is a pressing issue in the textile, fashion and sportswear industries, and a South Korean startup has come up with a way for them to reduce greenhouse gas emissions. ATKO Planning gained attention in the global market relatively recently as the world’s first company to reuse leather scraps to produce yarn products. “The company’s technology helps reduce carbon footprints by reusing the sheer amount of leather that is dest
Nov. 29, 2021
-
Daewoo Shipbuilding opens virtual training center for ship painters
Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday it has launched a virtual center to train ship painters. The shipbuilder said the virtual training center will give painters the same experience as actual workplaces and will reduce costs. In addition to the heavy costs and time required to train painters, the current system also causes environmental problems due to the use of organic solvents, Daewoo Shipbuilding said. The virtual training system will cut costs and require l
Nov. 29, 2021
-
Samsung Heavy ties up with Microsoft for shipyard digitalization
Samsung Heavy Industries Co. said Monday it has signed a deal with Microsoft Korea to cooperate on the digitalization of its shipyard. Samsung Heavy said it plans to build up a collaboration system among each shipbuilding sector in its shipyard by using cloud computing service Azure, artificial intelligence, group chat software Teams and metaverse technologies, which will be provided by Microsoft under the deal. Samsung Heavy said the latest deal will accelerate the digitalization of its shipy
Nov. 29, 2021
-
Hyundai Motor reclaims No. 2 spot in Australian car sales
Hyundai Motor has reclaimed the No. 2 spot in Australian car sales, with its October car sales outpacing those of American rival Ford and Japanese rival Mazda, according to the latest data compiled by the market tracker BestSellingCarsBlog.com on Sunday. Hyundai sold around 6,200 vehicles in October in Australia, a 3 percent increase from a year prior. For the January-October period this year, its cumulative car sales reached 61,000 vehicles, up almost 10,000 vehicles from the same period last
Nov. 28, 2021
-
[Photo News] At full throttle
An LG Electronics worker is busy manufacturing washing machines ahead of a year-end spending spree at the firm’s factory in Clarksville, Tennessee, Friday. The company’s lines of key products such as washing machines and refrigerators are running full throttle 24/7 to meet soaring year-end demand in the market. (Yonhap)
Nov. 28, 2021
-
Korea to greenlight self-service hydrogen charging stations, replace coal with ammonia
South Korea on Friday unveiled a pangovernmental hydrogen blueprint that laid out detailed plans to realize the nation’s hydrogen economy, from authorizing self-service hydrogen fueling stations to replacing coal with ammonia at power plants. The blueprint aims to address the key weaknesses of Korea’s hydrogen ambition -- heavy reliance on foreign-made hydrogen, concerns over safety, lack of demand and price competitiveness in the hydrogen mobility sector and infrastructure, the g
Nov. 26, 2021
-
Coupang holds special online event for Black Friday
South Korean e-commerce company Coupang said Friday that it will hold a special event to celebrate the Black Friday shopping extravaganza. This year’s event, which continues through Sunday, includes offering global products at a discount for those using its “Rocket Jikgu” overseas delivery service and the Rocket Delivery category that includes directly imported goods. A limited-time sale will also take place daily. Brands that are participating includes consumer electr
Nov. 26, 2021
-
S. Korea launches 'early warning system' on supply chains of 4,000 key industry items
South Korea on Friday launched an early warning system to monitor some 4,000 key industry materials and items to prevent the recurrence of a crisis similar to the ongoing supply crunch of urea solution used to reduce emissions in diesel vehicles. The shortage of urea solution has exposed vulnerabilities in the country's supply chain and prompted the government to set up a task force on economic security meant to ensure stable supply chains. Items listed on the early warning system include magn
Nov. 26, 2021
-
Hyundai Construction Equipment bags big orders from Russia this month
Construction machinery maker Hyundai Construction Equipment said Friday it has obtained orders for 534 units of construction equipment from Russia this month. The deals with unidentified Russian miners and builders include orders for 510 excavators, 15 wheel loaders and nine skid-steer loaders, Hyundai Construction Equipment said in an emailed statement. The construction equipment will be delivered by the first quarter of next year and used at the construction sites and coal mines in Russia, t
Nov. 26, 2021
-
Hyundai Motor's Ioniq 5 is German Car of the Year
Hyundai Motor Group said Friday that its fully electric model Ioniq 5 has been picked as the German car of the year. The judges, comprised of 20 automotive journalists working in Germany, evaluated the vehicle based on categories including practicality, driving performance, innovation, market fit as well as a separate riding test. A total of 45 newly released cars competed for this year’s award. Except Ioniq 5, Peugeot 308, Kia EV6, Audi E-Tron GT and Porsche 911 GT3 made i
Nov. 26, 2021
-
LG Group reshuffles top brass, promotes LG Electronics CEO
LG Electronics CEO Kwon Bong-seok has been named the chief operating officer of LG Corp., LG Group’s holding company, becoming the No. 2 man at the nation’s fourth-largest conglomerate, in a major executive reshuffle announced on Thursday. The 58-year-old was awarded with vice chairman title, joining the top brass assisting Chairman Koo Kwang-mo. The group currently has three vice chairmen: LG Energy Solution CEO Kwon Young-soo, LG Household & Health Care CEO Cha Suk-yong and LG
Nov. 25, 2021
-
JB Financial opens integrated big data platform
JB Financial Group said on Thursday it has established an integrated big data platform which brings together the data of all of its affiliates and uses artificial intelligence technology to offer customized service. The “data hub” converges the financial data of affiliates and public data, and applies the group’s internal cloud technology to allow data analysis from an integrated perspective, JB Financial said. Using the data hub, affiliates of JB Financial can analyze custom
Nov. 25, 2021
-
KFCC holds webinar with Thai counterpart
The Korean Federation of Community Credit Cooperatives will hold a joint webinar with its counterpart in Thailand on Friday under the theme “The Role of Financial Cooperatives and Future Directions.” The webinar is designed to discover the value of financial cooperatives in the two countries and seek ways to cooperate, the KFCC said. Students and officials at cooperatives as well as participants from Myanmar, Laos, Fiji and Uganda will take part in the three-hour webinar. The semin
Nov. 25, 2021
-
Samsung Biologics, GreenLight to produce COVID vaccine for Africa
Samsung Biologics and Boston-based biotech firm GreenLight Biosciences have teamed up to help make COVID-19 vaccines more accessible to people in poor countries, especially in Africa, the Korean pharmaceutical company said Thursday. Under a contract manufacturing deal signed earlier in the day, Samsung Biologics will produce drug substances for GreenLight’s messenger RNA COVID-19 vaccine candidate. The drugmaking unit of Samsung Group said it is adding new production facilit
Nov. 25, 2021
-
Hyundai to test Level 4 self-driving system next year
Hyundai Motor Group said Thursday it would test its Level 4 autonomous driving system in downtown Seoul under its new mobility service “RoboRide,” using its fully electric compact Ioniq 5 as early as next year. The Korean auto giant said running RoboRide will be set the grounds for the company’s advancement of self-driving tech, in a step toward the commercialization of uncrewed mobility services. “We’ve been developing autonomous driving technology for all to mov
Nov. 25, 2021