Merck Korea is offering education on semiconductor and display solutions to local high school and college students studying related subjects, as part of its ESG initiative, the company said Thursday. According to the Korean unit of the science and technology company, the new education program comes after Kai Beckmann, member of the executive board of Merck and CEO of the Electronics, and Gyeonggi Province Gov. Lee Jae-myung agreed on a partnership in April. During their meeting, the two sid

Industry June 17, 2021

A consortium of South Korean retail giant Shinsegae Group and internet behemoth Naver is expected to win a bid to take over eBay Korea, local media reported Wednesday. If materialized, the deal would set off a major shake-up in the country’s e-commerce retail segment. No official announcement had been made as of Wednesday afternoon. In a regulatory filing Wednesday afternoon, E-mart, Shinsegae Group’s retail affiliate, said it was participating in the tender and in discussions

Consumer June 16, 2021

Amid growing awareness of the importance of environmental, social and corporate governance principles, South Korea’s lawmakers, entrepreneurs and scientists gathered Tuesday to promote sustainable growth by launching an ESG forum. Attending the kickoff event were lawmakers from the ruling Democratic Party of Korea, including Reps. Lee Won-wook, Hong Ihk-pyo and Lee Yong-bin, and representatives of organizations such as the Korea Enterprises Federation, the Korea Chamber of Commerce and I

Industry June 15, 2021

A new craft beer inspired by white sheep, a symbol of a local underwear brand, will hit CU convenience store shelves on Thursday. The Baik Yang BYC Vienna Lager is the third collaboration beer launched by CU, according to BGF Retail, the firm behind the convenience store chain. BYC is an underwear brand, established in 1946. The company is well known for its white undershirts, and it has used an image of a white sheep as its symbol from 1957, according to CU. The name of the beer and symbo

Consumer June 15, 2021

Procter and Gamble Korea published two children’s books about the importance of protecting the environment, as part of its efforts to raise consumer awareness on the idea of sustainability, the company said Sunday. P&G Korea said the two books, titled “My House is Flooded” and “I’m not Buying Things That I Already Have,” had been written so that children can easily understand the importance of the environment and take actions with their families to benef

Industry June 13, 2021

Audi Korea is launching the new RS Q8, a high-performance sports utility vehicle that combines both dynamic driving and practicality, the automaker said Friday. According to Audi Korea, it will start receiving orders for the new RS Q8 here on Tuesday. The RS Q8 is the first large SUV to be launched under the RS category, the auto brand’s high-performance lineup which stands for Racing Sport. The SUV has twin-turbocharged 4.0-liter V-8 gasoline engine and an eight-speed automatic transm

Mobility June 11, 2021

Automakers and mobility service providers gathered at Seoul Smart Mobility Expo on Thursday to show off their latest electric vehicles and mobility technologies. In the three-day expo that kicked off at the Oil Tank Culture Park in Seoul, the country’s leading automaker Hyundai Motor Group’s Genesis brand unveiled the first electric powertrain variant of its luxury sedan Genesis G80 for the first time in the country. The model made its overseas debut at the 2021 Shanghai Internati

Mobility June 10, 2021

SPC Group is launching the Paris Baguette bakery franchise in Cambodia, opening the first branch in the country‘s capital city, the company said Wednesday. According to SPC Group, the Korean firm behind bakery brand Paris Baguette, it forged ties with Cambodia’s HSC Group to open the first Paris Baguette store in Phnom Penh. Cambodia is the sixth country in which Paris Baguette has launched, and it is the first time the bakery operator has formed a joint venture for its overseas

Consumer June 9, 2021

As part of its corporate social responsibility efforts, Posco International has installed “green curtains” made of perennial vines on the façade of a middle school in Incheon, the company said Tuesday. Posco International, the trade arm of the country’s leading steelmaker Posco, said it donated 30 million won ($27,000) to put up the perennial vines on the outer walls of the cafeteria and library of Neungheodae Middle School in Incheon. For the project, the company j

Industry June 8, 2021

INJE, Gangwon Province -- A line of high-performance vehicles could be seen whizzing around the racing circuit of Inje Speedium in Gangwon Province on Wednesday, the growls from their engines echoing throughout the venue. It was part of the Audi Driving Experience, an annual event Audi Korea organizes to offer car enthusiasts an opportunity to try out its highest-end vehicles and its latest automotive technologies. This year, Audi Korea presented 10 vehicles, including the electric vehicle

Mobility June 7, 2021

Porsche Korea has launched Taycan Turbo, a high-performance model of the brand’s first electric vehicle, the company said Thursday. Taycan Turbo is the third Taycan variant to be launched here in Korea, and stands in between Taycan Turbo S and Taycan 4S, performance-wise. Like the Taycan Turbo S -- the higher-performing variant -- it is equipped with a Performance Battery Plus, with a gross capacity of 93.4 kilowatt hours as standard. Using launch control, the vehicle can exert up to 68

Mobility June 3, 2021

Kumho Tire is exclusively supplying its best-selling tire Ecsta HS51 for Renault Samsung Motors’ compact sports utility vehicle Arkana -- known as the XM3 in South Korea -- distributed in Europe, the company said Thursday. According to the South Korean tire manufacturer, Ecsta HS51 is their best-selling tire in Europe, using rubber and high grip resin for enhanced braking function. The model is noted for a variety of technologies and devices, such as Virtual Product Development simulat

Mobility June 3, 2021

Man Truck and Bus Korea has been designated as the German truck maker’s regional headquarters, managing 12 countries in the Austral and Asia region, an executive board member from the German headquarters said on Thursday. Participating in a press conference held in Seoul, Goran Nyberg, an executive board member for sales and marketing at Man Truck and Bus, said the Korean branch will be playing a bigger role in the group’s business operations. He also spoke of complaints raised by

Mobility June 3, 2021

Ford Sales and Service Korea received a correction order from the Fair Trade Commission for misrepresenting one of its vehicles as having a rear braking support system, the watchdog agency said Monday. According to the FTC, the importer and seller of the US-based Ford advertised in 2019 that its sport utility vehicle the Ford Explorer Limited was equipped with a reverse braking system, which was not true. In brochures and on its official website, the automaker had said the function helped t

Mobility May 31, 2021

Audi Volkswagen Korea is committed to going net zero by 2050 and hopes to set an example for the car industry, the automaker said Friday. In a press conference, Audi Volkswagen Korea Group Managing Director Rene Koneberg said pursuing carbon neutrality is a task that everyone should work together to achieve. To highlight the seriousness of the climate change issue and the importance of reducing our carbon footprint, Audi Volkswagen Korea has also opened an exhibition titled “goTOzero&r

Mobility May 31, 2021