Chuseok, also known as the Korean Thanksgiving, is an annual ritual of family reunification. The scale of human migration on the roads is astounding, with cars stuck on highways for several hours. For children moaning “Are we there yet?” and bored adults habitually checking their smartphones, what better way to kill time than playing games? Here are a few recommendations. 1. BTS Universe Story  Launched globally on Sept. 24, Netmarble’s BTS Universe Story is a storytel

Industry Sept. 30, 2020

More than 30 percent of major Korean companies sliced greenhouse gas emissions more than 10 percent last year, according to the data from CEO Score Tuesday. The corporate data tracker requested greenhouse gas emission data from the top 500 Korean companies and analyzed the data submitted by 200 of them. Then, CEO Score examined how much greenhouse gas they emitted per 100 million won ($85,470) of revenue. Results showed that 67 companies reduced their greenhouse gas emissions per 100 million

Industry Sept. 29, 2020

Hyundai Rotem said Tuesday it has signed a contract worth 407.7 billion won ($348.4 million) with the Defense Acquisition Program Administration to supply wheeled armored vehicles by 2023. According to the rolling stock and arms manufacturing unit of Hyundai Motor Group, it will mass-produce the third batch of K806 and K808 armored personnel carriers to DAPA by 2023. Hyundai Rotem won the order for the first batch worth 26.9 billion won in 2016 and completed the delivery in 2018. It also grab

Industry Sept. 29, 2020

In the latest development of an ongoing patent lawsuit SK Innovation filed against LG Chem a year ago in September 2019, the US International Trade Commission on Tuesday dismissed SK Innovation’s request for a forensic inspection of LG Chem for the alleged unauthorized export of SK Innovation data. On Sept. 1, SK Innovation filed a motion asking for a forensic inspection of LG Chem. SK Innovation claimed that when LG Chem officials visited SK Innovation headquarters on July 20 to conduc

Industry Sept. 29, 2020

S-Oil will begin its first overseas manufacturing and distribution of lubricants in India, the company said Monday. According to the South Korean refiner, it has partnered with a local company Gulf Oil Lubricants India to directly manufacture and distribute its premium lubricant product “S-Oil Seven” in the country. In August, S-Oil began the production of S-Oil Seven at Gulf Oil’s factory located in Chennai on the southeast coast of India and the company will launch the p

Industry Sept. 28, 2020

Hyundai Motor said Monday it had exported four fuel cell electric vehicles to Saudi Arabia, its first-ever FCEV exports to the Middle East. According to South Korea’s largest automaker, it shipped two Nexo FCEVs and two Elec City fuel cell electric buses from Ulsan on Sunday. After arriving in Saudi Arabia, the four FCEVs will be delivered to Saudi Aramco, the country’s state-run oil firm. “Exporting FCEVs to the world’s top oil producer Saudi Arabia is a meaningful

Industry Sept. 28, 2020

One year after Shinsung E&G launched a solar power business, the 2008 global financial crisis came, forcing the government to shut down subsidy programs for the industry. In 2010, a tsunami of cheap Chinese products flooded the market, leaving the Korean companies to shelve their solar power business. Despite the aggravating market conditions, Shinsung E&G Chairman Lee Wan-keun stood firm, increasing investments to develop solar cell and module technologies and expanding production c

Industry Sept. 27, 2020

An independent investigative body under the US International Trade Commission submitted a written opinion in favor of LG Chem, which filed a motion in August accusing SK Innovation of destroying crucial evidence in the ongoing patent lawsuit between the two battery giants. According to the USITC on Sunday, the Office of Unfair Import Investigations said it “supports” LG Chem’s motion requesting sanctions against SK Innovation. In the written letter, OUII said that SK Inno

Industry Sept. 27, 2020

The National Assembly of South Korea has selected the chiefs of Google and Netflix’s Korean operations as witnesses at the upcoming audits scheduled for October to ask questions about their business practices. According to the country’s legislative body Thursday, Nancy Mable Walker, who represents Google Korea, will be asked to testify at the Science, ICT, Broadcasting and Communications Committee’s first audit on Oct. 7. The committee’s decision to summon Walker co

Industry Sept. 24, 2020

Netmarble said Thursday it has launched BTS Universe Story in 173 countries, a storytelling game featuring 3D-scanned avatars of RM, Jin, Suga, J-Hope, Jimin, V, and Jungkook. According to the South Korean game maker, in BTS Universe Story, users can create and participate in interactive, choose-your-own-adventure-style stories where their choices throughout the game lead to different outcomes. “BTS Universe Story is the second game Netmarble has made in collaboration with the boy ba

Industry Sept. 24, 2020

Afreeca TV said Thursday it will provide fishing boats named “Ati” to streamers who wish to create fishing content. According to the Korean streaming services company, streamers will be able to rent Ati motorboats at a reservoir in Jincheon, North Chungcheong Province, and the Ati fishing boat at Kukdong harbor in Yeosu, South Jeolla Province, from Afreeca TV for free when creating fishing content.  “The Ati motorboat can carry up to three passengers, while the 9.7-

Industry Sept. 24, 2020

Elon Musk laid out five innovations for his new batteries at Tesla’s Battery Day event Wednesday, but experts and industry officials remain skeptical as the CEO failed to map out the specifics of the technologies. As part of the announcement, Musk said he would remove cobalt and maximize nickel inside the cathodes of the company’s new batteries. Cathodes are one of the four key components of lithium-ion batteries along with anodes, electrolytes and separators. A higher ratio of n

Industry Sept. 23, 2020

Coupang is inching its way into the computer parts industry by offering lower prices and replacing distributors and retailers. Most recently, on Sept. 17, Nvidia’s GeForce RTX 3080 graphics cards were released in South Korea via Coupang. Intech & Company had imported the graphics cards through vendor Asus, but this time sold the graphics cards directly to customers by collaborating with Coupang’s Rocket Delivery network. Previously, importers such as Intech & Company, lac

Industry Sept. 23, 2020

South Korean officials on Tuesday flew to Jakarta to claim development costs Indonesia owes to Korea for the joint development of next-generation KF-X fighters. According to industry sources, a Korean task force of 10 officials from Korea Aerospace Industries and the Defense Acquisition Program Administration will renegotiate with Indonesian officials from Wednesday to Thursday on how the Southeast Asian country will deliver its portion of development costs for the KF-X project. The joint K

Industry Sept. 22, 2020

LG Chem is expected to notify the Spanish government within this month as to whether it will take over Nissan’s factory in the country to turn it into a battery plant, according to local media reports Monday. To salvage the Nissan plant in Barcelona that is scheduled for closure in December 2021, the Spanish government has proposed direct aid of 600 million euros ($711 million) out of the total 1.6 billion euros of investments required for the acquisition. LG Chem is set to respond to

Industry Sept. 21, 2020