Most Popular
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'Keep IU off the grass': Soccer fans oppose K-pop concerts at World Cup Stadium
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BTS, NewJeans fandoms clash over Hybe-Min Hee-jin conflict
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N. Korea launches missiles in latest show of military, nuclear strength
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North Korea sends top envoy to Russia as it girds for friction with Seoul
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Seoul-bound traffic clogged on 4th day of Chuseok holiday
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Kia makes breakthrough in China sales
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High temperatures may worsen mental health conditions: study
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[Special] Ansan aims to become South Korea's multicultural hub, heart of immigration policy
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Samsung chief travels to France to encourage young talents
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N. Korea fires multiple short-range ballistic missiles: JCS
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[Photo News] Supporting Paralympians
From left: Boccia players from South Korea Kang Sun-hee and Jeong So-yeong, Kurt Busk, a wheelchair rugby player from Denmark, International Paralympic Committee President Andrew Parsons and Jordan Luce, a wheelchair basketball player from France, pose for a photo at Samsung Electronics' pop-up zone at the Olympic and Paralympic Village in Paris ahead of the 2024 Paralympic Games that kick off Wednesday in the French capital. Samsung has been the official Olympic partner for 18 years. The t
Aug. 27, 2024
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[Photo News] Hana global workshop
Hana Financial Group hosted a two-day workshop starting Monday at the Hana Global Campus in Incheon, focusing on global strategies and corporate culture to enhance employee capabilities and reinforce the company's commitment to customer-centric service. The seminar was attended by 29 employees from 19 countries. The picture shows Hana Financial Group Vice President Lee Eun-hyung (center) with the global participants. (Hana Financial Group)
Aug. 27, 2024
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Hanwha Ocean’s H1 orders soar on high-value LNG vessels
Korean shipbuilding and offshore company Hanwha Ocean said Tuesday that it has secured some $5.07 billion in orders in the first half of this year with a strategic focus on high-value vessels such as LNG carriers. Under the contracts, Hanwha will build 26 high value-added ships – 16 LNG ships, two very large ammonia carriers (VLAC), one very large gas carrier (VLGC) and 7 very large crude oil carriers (VLCC) – scoring the highest contract amount in the merchant ship sector among dome
Aug. 27, 2024
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[Photo News] Samsung fosters tech talent
A student makes device components as part of a polymechanics task in the 59th National Skills Competition at Kumoh Technical High School in Gumi, North Gyeongsang Province, Monday. Samsung Group has been providing 250 million won ($188,000) every year since 2007 to sponsor the annual event aimed at fostering young talent. The conglomerate has so far hired 1,600 high school graduates who showed excellent performance at the competition in affiliates including Samsung Electronics and Samsung Displa
Aug. 26, 2024
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Kioxia's IPO expected to bring windfall for SK hynix: analysts
Japan’s Kioxia Holdings, the world’s third-largest NAND flash memory company, applied to list on the Tokyo Stock Exchange on Friday, making it the largest stock debut since SoftBank in 2018. Now keen attention is being paid to SK hynix, the world's No. 2 maker of memory chips, which has invested 4 trillion won ($3 billion) in the Japanese rival. With the aim for an October initial public offering, Kioxia is expected to achieve a market capitalization of over 1.5 trillion yen ($1
Aug. 26, 2024
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Mastern eyes in US tech hubs for opportunities
Mastern America, the US arm of Mastern Investment Management, said Monday it had signed a memorandum of understanding with US real estate investor Woods Capital to attract investment for tech hub projects across the US. In October 2023, the US Economic Development Administration designated 31 regional technology and innovation hubs, which are regional coalitions dedicated to core technologies such as quantum computing, precision medicine, autonomous systems, clean energy and critical mineral sup
Aug. 26, 2024
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[Photo News] LG Tech Fair
LG Electronics Science Park President Park Il-pyung speaks during the opening of Spark 2024, LG's festival combining culture and tech, at LG Science Park in Seoul on Monday. The company kicked off the three-week event with its first LG Tech Fair, bringing together tech experts from eight LG affiliates including LG Electronics, LG Chem and LG Energy Solution, and others to discuss future technologies and share insights. (LG Corp.)
Aug. 26, 2024
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Coupang hosts global hackathon to seek innovative solutions
E-commerce giant Coupang announced Monday the company became the first domestic distributor to co-host a global hackathon event. Dubbed as "Hackseoul," the event, held on Saturday and Sunday, brought together some 200 software developers from 10 countries, including the US, Canada, Uzbekistan and India, at the company's headquarters in Songpa-gu, Seoul. AngelHack, a US-based company that has organized numerous hackathon events since 2011, designed the overall contest. The event wa
Aug. 26, 2024
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Tajikistan holds cultural day to share heritage with Korea
The Embassy of Tajikistan in South Korea announced Monday that it hosted a special event dedicated to celebrating Tajikistan Cultural Day, while strengthening cultural exchanges between the two nations. The event also marked the publication of the Korean edition of "Tajiks in the Mirror of History: From Aryans to Samanids," a book authored by Tajikistan President Emomali Rahmon. Rahmon’s book reportedly offers an in-depth exploration of the history and cultural development of the
Aug. 26, 2024
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Delayed payments of Tmon, WeMakePrice spike to W1.3tr
Overdue settlements for vendors on ecommerce platforms Tmon and WeMakePrice have surged to 1.3 trillion won ($978 million) in total, impacting over 48,000 businesses, according to data released by the government on Sunday. The final figures showed the two struggling online marketplaces owned by Singapore-based Qoo10 owe a total of 1.3 trillion won to their vendors, surpassing the government’s initial forecast of 1 trillion won. The figure also marks a jump of over 400 billion won from the
Aug. 25, 2024
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Dongsuh enhances marketing strategy for instant coffee leadership
Korean food and beverage manufacturer Dongsuh Foods said Sunday it is ramping up marketing efforts to retain its unrivaled leadership in the nation’s instant coffee market. The company has topped instant coffee sales over the last three decades with its flagship Maxim Mocha brand. More recently, it has been diversifying its marketing strategy to appeal to a wide range of consumer groups and further boost sales of its best-selling products. Dongsuh has operated its flagship store, called Ma
Aug. 25, 2024
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Chaebol leaders to join Yoon in Czech Republic
South Korea’s top chaebol leaders are set to join President Yoon Suk Yeol on his state visit to the Czech Republic next month, according to industry sources Sunday. Yoon’s Czech visit comes after a Korean consortium, led by Korea Hydro and Nuclear Power, was recently named a preferred bidder for a major nuclear plant project in the European country. The project size is estimated at around 24 trillion won ($17.3 billion). Along with the mega project, the summit is expected to cover to
Aug. 25, 2024
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Hyundai Steel's low-emission plate push gains momentum
Hyundai Steel, Korea’s second-largest steelmaker, is moving to target the global low-emission steel market amid increasing demand from carmakers moving toward net zero emissions. Hyundai Steel recently signed a memorandum of understanding to supply low-emission steel plates to Tawesco, a leading Czech auto parts manufacturer, and Eusider, an Italian firm specializing in automotive steel plate processing. Both companies supply major European automakers, such as Volkswagen and Stellantis, an
Aug. 25, 2024
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Samsung Electro-Mechanics to boost sales of high-end chip substrates
Samsung Electro-Mechanics, the electronic parts manufacturing affiliate of Samsung Electronics, said Sunday it will ramp up the sales portion of high-end flip chip ball grid array (FCBGA) substrates for servers and artificial intelligence to over 50 percent by 2026. FCBGA is a semiconductor package substrate applied to high-performance semiconductors, such as central processing units and graphic processing units for servers and PCs. It can be used in various applications requiring high-performan
Aug. 25, 2024
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[Advertorial] Eximbank, LS Cable to bolster supply chain for rare-earth magnets
The state-run Export-Import Bank of Korea, or Eximbank, on Friday signed a business agreement with the nation's leading cable manufacturer, LS Cable & System, and its Asia-focused subsidiary, LS Eco Energy, to support building a stable supply chain for rare-earth permanent magnets, a key component for electric vehicles and turbines. Under the agreement, the three parties will share business information related to rare-earth permanent magnets and other electric drive system projects and
Aug. 25, 2024
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Hanwha heir makes W54.4b tender offer for Galleria shares
Kim Dong-sun, the youngest heir of Hanwha Group and vice president of Hanwha Galleria, has initiated a public tender offer to increase his control over the retail subsidiary. According to a regulatory filing released Friday, Kim has offered to purchase 34 million shares, representing 17.54 percent of Hanwha Galleria, from Aug. 25 to Sept. 11. The offer price is set at 1,600 won ($1.19) per share, a 23 percent premium over the previous day's closing price of 1,303 won. The filing noted that
Aug. 23, 2024
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Seomjae applies for patents for AI-based learning system
Seomjae, a Seoul-based education solutions developer, announced Thursday that the company applied for three patents for its AI-based learning system earlier this month. One of the patents is an AI technology that automatically analyzes and summarizes online lectures and captures lecturers’ characteristics using a neural network system. The technology can offer personalized data to its users by systematically summarizing lecture content and carrying out an in-depth analysis of the lecturers
Aug. 22, 2024
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Korea unveils trade roadmap to tackle protectionism in mega election year
South Korea has set a goal to secure the most extensive free trade agreement network and to establish a risk management system to handle growing geopolitical uncertainties in a "super election" year, the Industry Ministry said Thursday while announcing the country's new trade policy roadmap. In a ministerial meeting on economic affairs, Prime Minister Han Duck-soo and other ministers reviewed the Yoon Suk Yeol administration's trade achievements of the past two years and intr
Aug. 22, 2024
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SK chief embraces AI for future growth at Icheon Forum
SK Group Chairman Chey Tae-won stressed the importance of adapting business strategies to the evolving AI ecosystem at the closing session of Icheon Forum 2024, SK Group's annual strategy meeting of top executives, which ended Wednesday. "Artificial intelligence presents us with numerous opportunities," Chey said. "Leveraging this trend effectively and embracing change swiftly will be crucial for thriving in the AI ecosystem." The chairman emphasized that while adapting
Aug. 22, 2024
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SK chief, partner ordered to pay W2b to estranged wife
A Seoul court on Thursday ordered SK Group Chairman Chey Tae-won and his live-in partner to pay 2 billion won ($1.50 million) in alimony to his estranged wife and the director of Art Center Nabi, Roh Soh-yeong. The Seoul Family Court ordered in a lawsuit seeking damage, filed by Roh against Chey’s partner Kim Hee-young, who is serving as the chair of T&C Foundation, that the defendant should jointly pay 2 billion won to the plaintiff along with the SK chief. “Based on the submitt
Aug. 22, 2024