The Korean-German Chamber of Commerce and Industry announced Wednesday it has appointed Martin Henkelmann as the institution’s new CEO and president. Henkelmann practiced as a lawyer in Germany and has more than 20 years of experience working with private companies and government organizations. He built his career at the German Insurance Association, one of the largest business associations in his home country. Henkelmann later moved on to the public sector, taking leadership roles at

Industry May 26, 2021

LG Innotek, LG Group’s materials and components maker, received the Jaguar Land Rover Quality Certificate from the global car maker, the company announced Wednesday. 　 Jaguar Land Rover awards a quality excellence certificate to one supplier every year based on quality and the supplier’s adherence to delivery schedule.　 LG Innotek has been supplying a DC-DC converter product to the automaker since 2017. A DC-DC converter is a key component used in hybrid and electric cars. 　 This

Mobility May 26, 2021

South Korea’s IT giant Naver unveiled a supersized artificial intelligence platform on Tuesday that can process massive amounts of data, saying it aimed to lead the era of “hyperscale” AI. Dubbed HyperCLOVA, the firm’s latest AI tool is not only the local industry’s most advanced but is also the first large-scale AI trained in the Korean language, Naver said. “As a company that represents Korea’s artificial intelligence technology, we will find our w

Technology May 25, 2021

  South Korea’s top steelmaker, Posco, is expanding its social outreach effort to help immigrant mothers and their children. The company said Monday that it is launching a three-year support program in collaboration with the Ministry of Gender Equality and Family and the Korea Institute for Healthy Family. A three-way memorandum of understanding is to be signed Tuesday. The institute, an agency under the auspices of the Gender Ministry that supports the social integration of multi

Industry May 24, 2021

Having more than three cups of coffee a day can help those in their 40s or older live longer, researchers from Chung-Ang University found in a study with the Korea Disease Control and Prevention Agency. The study was conducted on 110,920 individuals older than 40. Scientists tracked the patients’ daily coffee intake and death rate for an average of 9.1 years. Individuals already diagnosed with diabetes, cardiovascular disease and cancer were not included in the study. The study conclude

Technology May 22, 2021

Consumer complaints about clothes and accommodations surged in April as outdoor activities increased sales of those products, the Korea Consumer Agency said Friday. Complaints about fashion goods saw the steepest increase. Compared with the previous month, the total number of inquiries about women’s dresses increased by 46.1 percent and T-shirts by 31 percent. Most complaints were about shipping fees when customers requested refunds for defective products. Complaints about accommodati

Industry May 22, 2021