[Beyond Earth] Orbit hopes to bring science closer to public

The level of public interest in space here has reached its highest point in recent years when South Korea consecutively succeeded in launching homegrown Nuri rocket and Danuri, the Korea Pathfinder Lunar Orbiter, last year. Orbit, undeniably the most well-known science communicator in South Korea at the moment, says the science frenzy here should continue by uncovering the more entertaining aspects of science from the vastness of the universe, as well as fun research. Science communicators are i

Sept. 17, 2023

HD Hyundai leader vows to accelerate carbon-neutral transition

HD Hyundai CEO Chung Ki-sun has reaffirmed his willingness to speed up the transition to carbon neutrality while he attended the naming ceremony of the world’s first methanol-fueled container ship, the Laura Maersk, in Denmark on Thursday. According to HD Hyundai, Chung met with Robert Maersk Uggla, chair of A.P. Moller Maersk -- one of the biggest shipping and logistics firms in the world -- to discuss how to strengthen their partnership in the future on the day before the naming ceremony

Sept. 17, 2023

KITA invites envoys to support Busan Expo bid

The Korea International Trade Association hosted a reception event for ambassadors from Central Asia, Europe and Latin America to ask for their support in promoting Busan’s bid to host the 2030 World Expo, it said Sunday. Participants of the reception included 70 ambassadors and diplomats from 41 regions in Central Asia, Europe and Latin America, along with 30 executives from KITA. The reception came as Korea's second-largest city Busan is in competition against Saudi Arabia's Ri

Sept. 17, 2023

Deutsche Bank to inject 150m euro into Seoul branch

Deutsche Bank said Sunday that it will inject 150 million euros ($160 million) into its Seoul branch as part of its investment plan for the Asian market, with Korea as a strategic foothold. The German bank's decision to allocate additional capital to its Korean business underscores its confidence in the stability and growth potential of the market. "This additional capital, along with our recent reentry into the local debt capital market, will enable us to better support our clients�

Sept. 17, 2023

Passenger travel on S. Korea-China routes at half of pre-THAAD row

Passenger travel on air routes connecting to China in August recovered to around half of the 2016 level before Beijing restricted travel to South Korea in 2017 over a row over Seoul's hosting of a US missile defense system, data showed Sunday. The number of travelers on such routes came to 931,272 in August, which accounts for around 45 percent of the 2.06 million posted in the same month of 2016, according to the Ministry of Land, Infrastructure and Transport. In 2017, China banned group t

Sept. 17, 2023

S. Korean economic growth estimated at 1.4% for 2023: S&P economist

South Korea's economy is expected to grow 1.4 percent this year, with the country's central bank anticipated to lower its key rate twice in 2024, an economist at S&P Global Ratings said Sunday. The growth forecast by Rajiv Biswas, the chief economist of Asia-Pacific at S&P Global Market Intelligence, comes in line with the South Korean government's projection made in July. Biswas attributed South Korea's sluggish economic growth in 2023 to the Bank of Korea's agg

Sept. 17, 2023

Korean beauty app Zamface offers easy-to-search footage, customized cosmetics care

Korean actors and K-pop stars have gained unprecedented popularity across the world in recent years for their outstanding talent and performances on screen and stage. At the same time, Korean pop culture fans have also been inspired by such celebrities' appearances, especially their makeup styles, which put the focus on a smooth and bright complexion to appear young and healthy. Those who want to look like the stars search online for Korean beauty products and become eager to mimic their sk

Sept. 17, 2023

Ukrainian leader seeks South Korea's reconstruction assistance in nuclear energy, resources, defense industry

Ukrainian President Volodymyr Zelensky has requested South Korea's cooperation in nuclear power, resource development and the defense industry as part of reconstruction efforts of the war-ravaged country, Seoul officials said Saturday. A delegation of government officials and business representatives who visited Kyiv this week to discuss South Korea's potential involvement in reconstruction projects, estimated to be worth around 1,200 trillion won (US$902 billion), returned home Saturd

Sept. 16, 2023

SK hynix did not supply chips to Huawei: vice chairman

SK hynix Vice Chairman Park Jung-ho said Friday his company stopped doing business with Huawei Technologies Co., following US chip sanctions against China in 2020 and has not supplied semiconductors to the Chinese smartphone maker. Last week, the chipmaker said it opened an internal investigation into how its memory chips ended up in a new smartphone made by Huawei, after Bloomberg News reported that the South Korean chipmaker's DRAM -- LPDDR5 -- and NAND Flash memory are used in the Chin

Sept. 15, 2023

[Photo News] SK chief inspects chip cluster

SK Group Chairman Chey Tae-won (right) inspected the construction process at chip-making affiliate SK hynix's Yongin Semiconductor Cluster in Gyeonggi Province, upon his visit to the site with the latter's CEO, Park Jung-ho (left) on Friday. Calling it the "most thoroughly and strategically planned project" in SK hynix history, Chey asked for the utmost efforts in the cluster's success. With a 120 trillion won ($90.3 billion) investment, the world's second-largest m

Sept. 15, 2023

McDonald's Korea introduces kiosks for visually impaired customers

McDonald's Korea said Friday that the company has upgraded its self-service kiosks for visually impaired customers at 15 stores located in Seoul. The company said the new kiosks come with new keypads and headphone jacks, through which visually impaired users can connect their headphones and browse the menu. The 15 stores have been selected based on their proximity to welfare institutions, education institutes and job centers for visually impaired people. McDonald's Korea noted that t

Sept. 15, 2023

Posco Holdings to boost EV battery value chain integration

Posco Holdings said on Friday it has reduced its dependence on China by strengthening the integration of its electric vehicle battery value chain that covers mining and refining minerals, manufacturing materials and recycling batteries. “It’s almost impossible to be a top-tier firm in the battery materials business without the vertical integration of manufacturing,” said Nam Sang-cheol, head of the research and development division at Posco Holdings, during the Korea Advanced B

Sept. 15, 2023

Musinsa kicks off preview show for 2024 spring-summer collection

Musinsa, the largest online fashion platform in South Korea, has kicked off a preview event that showcases local fashion brands' collections for spring-summer 2024, the company said Friday. Under the title of “24ss Musinsa Season Preview,” the company will showcase over 200 products designed by 30 local brands at Musinsa Terrace Seongsu and Musinsa’s three separate offline studios in the Seongsu-dong neighborhood in eastern Seoul. Musinsa's latest event has been organ

Sept. 15, 2023

EcoPro vows to accelerate closed-loop EV battery recycling

South Korean battery materials manufacturer EcoPro said Friday it will boost its closed-loop electric vehicle battery recycling business amid rising concerns over battery waste disposal. Closed-loop recycling refers to the process that can convert a used product back into raw materials to create a new version of the same product. EcoPro operates a battery recycling value chain called Eco-battery Pohang Campus in North Gyeongsang Province where its six subsidiaries -- EcoPro CnG, EcoPro Innovatio

Sept. 15, 2023

S. Korea's economic slowdown to ease on improving exports: finance ministry

South Korea's economic slowdown appears to be gradually easing on signs of a recovery in exports, the finance ministry said Friday, although volatility in global raw material prices is a threat. "The economic slowdown has seen some relief due to the improving trend in exports, including semiconductors, along with the recovery in consumer sentiment and employment," the Ministry of Economy and Finance said in a report. The country's exports fell for the 11th consecutive month i

Sept. 15, 2023

Seoul shares open higher amid hope for Fed's rate hike pause

South Korean stocks started higher Friday as US economic data cemented bets the Federal Reserve will keep its key interest rate unchanged next week. The benchmark Korea Composite Stock Price Index rose 6.78 points, or 0.26 percent, to 2,579.67 in the first 15 minutes of trading. All three US stock indexes rallied Thursday (US time) as strong economic data, including retail sales and producer prices, fueled expectations over a pause in the Fed's rate hike march. Also, the US consumer price i

Sept. 15, 2023

Inflation set to ease in Oct. amid oil price woes: finance minister

South Korea's inflation is anticipated to begin slowing down next month amid lingering woes over soaring oil prices, the top economic policymaker said Friday. "This year, the country's consumer prices are continuing on a path of decline," Finance Minister Choo Kyung-ho said during a government meeting ahead of the Chuseok holiday. He said the country still needs to be vigilant as risks, including higher global crude prices, linger. The Dubai crude price, South Korea's be

Sept. 15, 2023

[Graphic News] S. Korea’s lipstick exports set to hit new record in 2023

South Korea’s exports of lipsticks are anticipated to hit a new record in 2023, the customs agency said, on the back of increasing demand, as people have taken off face masks around the globe. The outlook came as exports of the products reached a record high of $198 million over the January-July period, soaring 63.5 percent on-year, according to data compiled by the Korea Customs Service. The agency said the sharp growth came as social distancing measures were eased around the world, with

Sept. 15, 2023

Samsung secures upper hand in patent fight against BOE

Samsung Display has gained an upper hand in its legal fight over patent infringement against its Chinese rival BOE Technology, as the US trade agency backed the Korean firm's claims. On Monday, the US International Trade Commission, an independent, quasi-judicial federal agency, upheld all interpretations of Samsung’s claims in its five patent infringement cases against the Chinese firm. The latest pretrial order comes after a hearing in June to examine eight technical terms with diff

Sept. 14, 2023

Posco teams up with CF Industries to produce blue ammonia in US

Posco Holdings said Thursday that the company has agreed to cooperate with CF Industries, the world's largest ammonia producer, to co-produce blue ammonia in the US. CF Industries operates ammonia manufacturing plants across the US and Canada, with an annual manufacturing capacity of around 9 million metric tons. Under the agreement signed in Seoul earlier in the day, Posco Holdings and CF Industries will work together on a blue ammonia project in Louisiana. The two companies will build a n

Sept. 14, 2023