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
Netflix, streaming platforms come under fire for loose ratings
-
6
S. Korea, Singapore seal supply chain agreement
-
7
North Korean troops killed, wounded in Ukraine war: Seoul defense minister
-
8
20 minors registered as CEOs making over 100 million won
-
9
Yoon honors veterans of Korean War in trip to Philippines
-
10
K-pop CEOs sidestep key issues at National Assembly audit
-
Telcos lag in mmWave 5G equipment installation: lawmaker
South Korean telecom operators have so far installed less than 200 base stations that support millimeter wave (mmWave) 5G, data showed Friday, highlighting the lack of progress to commercialize the technology that unlocks the fastest speeds on the network. Major mobile carriers -- SK Telecom Co., KT Corp. and LG Uplus Corp. -- have installed just 161 mmWave 5G base stations as of the end of August, lagging far behind the government requirement of over 45,000 base stations by the end of this yea
Sept. 10, 2021
-
[Interactive] How garbage mountains are piling up in South Korea
Sept. 10, 2021
-
SK ecoplant wins bid for $2.2b Norway expressway
SK ecoplant has won a bid to build a $2.2 billion expressway in Norway, making them the first South Korean construction company to enter the infrastructure business in the north European country. According to the construction arm of SK Group, a “Sotra Link” consortium consisting of SK ecoplant, Australia’s Macquarie Capital and Italian construction company Webuild, has been chosen for the “Rv555 The Sotra Connection” expressway construction project. SK owns a 2
Sept. 9, 2021
-
LG Chem, Coupang to recycle 3,000 tons of packaging waste
South Korea’s leading chemical firm LG Chem has joined hands with the nation’s e-commerce giant Coupang to recycle 3,000 metric tons of plastic packaging waste and to offer a door-to-door plastic-waste retrieval system. At Coupang’s headquarters in Jamsil, southeastern Seoul, LG Chem Executive Vice President Hur Sung-woo and Coupang Vice President Ryan Brown signed an agreement to collect and recycle 3,000 tons of stretch wrap being thrown away at Coupang fulfillment centers e
Sept. 9, 2021
-
South Korea greenlights Hanwha to utilize lunar resources
Hanwha Aerospace became the first South Korean space company to win government approval to utilize resources in space, such as on the moon and Mars, the company said Thursday. According to the defense business unit of Hanwha Group, the firm signed an in-situ resource utilization, or ISRU, agreement with six government-funded research bodies. ISRU refers to using local materials in space and producing necessary items required for space exploration on site, such as water, oxygen, solar cells
Sept. 9, 2021
-
DL Pharm donates masks to Liberia
DL Pharm Co., Ltd. donated 100,000 face masks to help Liberia overcome COVID-19. The drugmaker said it held a ceremony at the Liberian consulate in Seoul on Wednesday to mark its donation of the masks and their transportation cost to the western African country. Liberia’s honorary consul general Park Bok-woo and DL Pharm chief executive Kang Yoon-koo attended the ceremony. Liberia donated $3 million and sent medical staff to South Korea when the Korean War broke out in 1950. Starting w
Sept. 9, 2021
-
Tycoons unite for hydrogen future
Leaders of major South Korean conglomerates including Hyundai Motor and SK officially launched the Korea H2 Business Summit on Wednesday to coordinate their efforts in bringing forth a hydrogen society. A local equivalent of the global CEO-led initiative Hydrogen Council, the coalition launched with 15 founding members, holding its inaugural meeting at Kintex in Goyang, Gyeonggi Province. Hyundai Motor Group Chairman Chung Euisun, SK Group Chairman Chey Tae-won and Posco Group Chairman Choi Je
Sept. 8, 2021
-
Hyundai Motor vows to make hydrogen cars as cheap as EVs
Hyundai Motor Group on Tuesday unveiled a new hydrogen vision that includes plans to make hydrogen vehicles as cheap as electric vehicles within 10 years. During “Hydrogen Wave,” the automaker’s first global hydrogen event, Hyundai Motor Group Chairman Chung Euisun laid out his 20-year vision for hydrogen fuel cells and hydrogen mobility. “Hyundai Motor envisions a future society where hydrogen energy is available for everyone, everything and everywhere. I have no d
Sept. 7, 2021
-
[Herald Interview] ‘Hiring philosophy is changing at South Korean companies’
When Lee Bok-kee, founder and CEO of Wanted Labs, quit his high-paying consulting job in 2013, he had only one goal: to solve problems. Having spent around five years at a consulting firm seeing tech mammoths like Samsung and LG pay millions of won to solve business problems, he was certain there would be at least one problem he can solve on his own. But finding the right one was not an easy journey. After brainstorming hundreds of businesses ideas, two failed startups, and losing his 100
Sept. 7, 2021
-
KAI buys 20% of satellite footage analysis firm Meissa
Korea Aerospace Industries said Tuesday it had acquired a 20 percent stake in Meissa, a South Korean satellite footage analysis firm, to make a foray into the global space services market estimated to be valued at 300 trillion won ($255.4 billion). Together with Meissa, which developed the nation’s first “reconstruction engine” that can convert a 2D footage into 3D, KAI aims to provide advanced satellite footage analysis services using artificial intelligence and big data inst
Sept. 7, 2021
-
S. Korea maintains No.1 spot in new shipbuilding orders for 4th month
South Korean shipbuilders far outstripped their Chinese rivals in terms of new orders in August, retaining their top spot for the fourth straight month, industry data showed Tuesday. Local shipbuilders led by Hyundai Heavy Industries Co. won a combined 780,000 compensated gross tons (CGTs) in new orders last month, taking up 57 percent of 1.37 million CGTs of global orders, according to data provided by global market researcher Clarkson Research Service. Chinese shipbuilders obtained 370,000 C
Sept. 7, 2021
-
Hanwha General Chemicals renamed Hanwha Impact
Hanwha General Chemicals, the chemical affiliate of Hanwha Group, announced a new company name, “Hanwha Impact,” as it seeks to shift its identity to focus on future-oriented, green business fields. The new name reflects its new vision to “create a positive impact on humanity and the earth through technological innovations,” explained the company. To execute the vision, Hanwha Impact will increase what it called “impact investing,” investing in companies
Sept. 6, 2021
-
Samsung Heavy demonstrates ship collision avoidance system
Samsung Heavy Industries Co. said Monday it has succeeded in demonstrating a ship collision avoidance system. The shipbuilder's remote autonomous navigation system, known as Samsung Autonomous Ship (SAS), helped two autonomous ships travelling their trajectories avoid by detecting each other in seas off the southwestern island of Gageo, Samsung Heavy said. Samsung Heavy said the demonstration on the sea is the first of its kind in the world. A 9,200-ton ship of Mokpo National Maritime Univers
Sept. 6, 2021
-
K-Safety Expo 2021 to be held virtually
The government will virtually host its annual K-Safety Expo from Sept. 13-17, where about 300 local companies and state-funded agencies will showcase their products and technology. The fair is the local safety industry’s largest event, organized with pangovernmental support. It was originally planned to be held at the country’s largest convention center Kintex, just northwest of Seoul in Goyang, Gyeonggi Province. Spectators can view the exhibits across seven fields &
Sept. 6, 2021
-
M&As up 49% in H1; big firms lead deal activity
The value of corporate mergers and acquisitions executed in South Korea rose 48.7 percent in the first half of this year, with conglomerates leading deal activity in a bid to identify new growth opportunities. According to data released Sunday by the Korea Fair Trade Commission, a total of 489 deals have cleared the FTC’s review process in the first half of this year, with their total value amounting to 221 trillion won ($191.2 billion). That is a 15.3 percent increase from a year earl
Sept. 5, 2021
-
[Newsmaker] Sales of local restaurants dropped during COVID-19 pandemic
Sales of local restaurants and bars have dropped to their lowest level due to toughened social distancing rules during the COVID-19 pandemic, government data showed Sunday. According to the Korean Statistical Information Service, the retail sales index of restaurants and bars for the first seven months of this year marked 77, the lowest since it started to compile related data in 2015 with a benchmark of 100. The data showed the COVID-19 pandemic has weighed on the already-struggling restaur
Sept. 5, 2021
-
Wemade’s ‘play-to-earn’ game Mir 4 challenges pay-to-win paradigm
Amid growing gamer fatigue over extreme pay-to-win games, a South Korean developer has come up with a new mobile game that offers just the opposite: Users can make money simply by enjoying the game. Wemade’s Mir 4 is a 3D massively multiplayer online role-playing game that carries on the previous success of the firm’s The Legend of Mir 2, which recorded 500 million global users. After its global launch in some 170 countries on Aug. 26, it ranked as the fourth-most-played MMORPG on
Sept. 5, 2021
-
S. Korea to host hydrogen mobility show this week
South Korea will host a hydrogen mobility show this week to showcase the latest technologies in fuel cell electric vehicles (FCEVs) and trams, and discuss major trends in the hydrogen economy, its organizer said Sunday. H2 Mobility+Energy Show will take place at an exhibition center in Goyang, just north of Seoul, from Sept. 8-11, with more than 150 companies and research institutions from 12 countries, according to the Korea Automobile Manufacturers Association. It is the nation's sec
Sept. 5, 2021
-
Doosan Infracore wins excavator orders from Egypt
Doosan Infracore Co., South Korea's major construction equipment maker, said Sunday it has won orders to deliver 28 large excavators to Egypt. Doosan Infracore said it has signed a supply contract for 36-ton excavators with the Egyptian defense ministry, which will be used for a state-run railway construction project. The construction unit of Korean conglomerate Doosan Group won orders for 30 pieces of construction equipment with the Egyptian government earlier this year. Doosan Infracore s
Sept. 5, 2021
-
[Photo News] Peek into where metaverse is produced
The metaverse is a 3D virtual world that combines cutting-edge technologies such as artificial intelligence, virtual reality and augmented reality. Recently, the latest technology is being applied not only to various industries, but also to everyday life, receiving a great deal of attention globally. On Sept. 2, industry officials look inside VA Studio Hanam, a virtual studio located in Hanam, Gyeonggi Province. An antique, classy staircase and hallway are shown through a virtual
Sept. 4, 2021