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Samsung slips 26 notches in global corporate reputation ranking
Typhoon Tapah approaching S. Korea's southern island of Jeju
S. Korea's pork exports to remain intact despite ASF: ministry
[From the scene] Koreans join global climate protest
NK website unveils revised constitution aimed at strengthening Kim's status
Book of late S. Korean poet Cho's poems published in English
Weather agency says 3.5 magnitude quake occurs in Pyonggang, North Korea
Sorenstam, Park win foursome competition at exhibition golf event
Previously unidentified underground facilities identified at Yongbyon compl...
Typhoon Tapah dumps heavy rain, causing flight cancellations

Today Industry

Samsung slips 26 notches in global corporate reputation ranking

South Korea's top tech giant Samsung Electronics Co. fell sharply in a global corporate social responsibility ranking to a record low of 90th this year, a US market survey showed Sunday.In the 2019 Global RepTrak report released by the Reputation Institute, the world's biggest memory chip giant moved down a whopping 26 steps in terms of its global reputation. The rankings are based on a company's governance structure, social contribution and working conditions for workers. It marked the lo

Retail giants eye luxury segment to bolster online biz

South Korea's retail giants are increasingly turning their eyes to the luxury segment for their e-commerce business in an apparent move to differentiate themselves from online competitors. Lotte Shopping, the operator of South Korea's biggest department store and a leading discount store, opened its first online shopping mall that only sells luxury brands on Thursday.The website, dubbed Lotte Premium Mall, sells over 24,000 products from 234 high-end brands ranging from Bottega Veneta to E

Sept 21, 2019
Industry
Rising nickel prices bode well for cathode material makers

South Korea's cathode material producers are likely to see solid earnings in the fourth quarter of the year on a surge in nickel and cobalt prices, analysts here said Saturday, amid growing demand for electric vehicle (EV) batteries. Nickel and cobalt are key raw materials for cathodes, one of the four main components of a lithium-ion battery. According to market tracker SNE Research, 112,000 tons of cathode materials were used in the first half of the year, up 80.9 percent from a year earlier.T

Sept 21, 2019
Industry
Tokyo willing to discuss export controls with Seoul

In response to the complaint filed by the South Korean government with the World Trade Organization on the subject of Japan’s export control measures, Tokyo has expressed its willingness to have bilateral consultations with Seoul, a day before the 10-working day deadline set by the WTO, officials said Friday. Japan’s response could be the first step in resolving the Korea-Japan trade dispute triggered by Japan’s export restrictions. “The Japanese government has resp

Sept 20, 2019
Industry
Smilegate to hold CFS invitational game in Egypt

Korean game company Smilegate is bringing its annual Crossfire Stars global competition to Egypt, a rare destination for e-sports, the company said Friday. This will be the first time the company has held the e-sports event in Africa. CFS teams have begun to fly in to Cairo, Egypt, for the CFS Invitational Egypt 2019 slated for Saturday. The winning team gets to compete in the grand final in China in December. The scope of the prize money is yet to be confirmed. A Smilegate representative

Sept 20, 2019
Industry
Posco backs startups in Pohang, Gwangyang

South Korean steelmaker Posco said Thursday it has launched a startup committee to foster companies in the cities of Pohang, North Gyeongsang Province, and Gwangyang, South Jeolla Province, and to enhance communication among startups, regional governments and agencies. The committee, which comprises 197 startups, is supported by 17 regional governments and organizations, including the Research Institute of Industrial Science & Technology, Postech and Techno Parks. It plans to periodical

Sept 19, 2019
Industry
LG Display makes foray into Chinese OLED market

　South Korean panel maker LG Display on Thursday pledged to expand its cutting-edge panel business in China, aiming to increase its organic light-emitting diode panel production to 2 million by 2021. 　During a meeting with the Chinese companies and media in Beijing, LG Display unveiled its future business plans there. Dozens of Chinese TV manufacturers and retailers, including Skyworth and Suning, participated in the event called OLED Big Bang Media Day. 　Stressing that its OLED production

Sept 19, 2019
Industry
[Photo News] Asiana's 'Beautiful Classroom' in Mongolia

Asiana Airlines Managing Director Cho Young-Seok (fourth from right, third row) poses with students and officials from School 83 in Ulaanbaatar after launching the first Beautiful Classroom Project in Mongolia on Wednesday to support children’s education.The air carrier said the partnership coincides with the opening of its Ulaanbaatar route in July. Volunteer teams comprising employees have been sent to School 83 to help renovate its gymnasium and repair walls and other facilities. T

Sept 19, 2019
Industry
NHN’s cloud solution greenlighted to tap health care

NHN’s cloud solution Toast acquired the ISO27799 mark for its ability to guarantee cybersecurity for medical data, the company said Thursday.With the acknowledgement, NHN said it is now actively knocking on doors of health care institutions to expand its portfolio. ISO27799 is the global guideline for health informatics data management, set by the International Organization for Standardization. Health care data such as patient diagnosis and treatment records are sensitive, personal informa

Sept 19, 2019
Industry
Chong Kun Dang, Hanmi disclose research results to EU scholars

South Korea’s Chong Kun Dang and Hanmi Pharmaceutical said Thursday they presented their research results of novel diabetes treatments at the 2019 European Association for the Study of Diabetes held in Barcelona, Spain.At the 55th annual event held from Monday through Friday, Chong Kun Dang reported the efficacy of its thiazolidinedione type diabetes treatment Duvie for patients with insulin resistance syndrome. It is the 20th in the list of novel drugs developed in Korea and was commercia

Sept 19, 2019
Industry
KCCI chief says discussion ‘missing’ on economy, new industries

The head of South Korea’s largest organization representing small and large businesses alike on Wednesday expressed concern that a nationwide drive to overcome economic risk by nurturing new industries and promoting deregulation has been losing its steam despite growing negative signs pointing to a possible economic recession.“Even though we are standing at a time when we have to do our best to overcome downside risks, it is regrettable to say that discussion on economic issues itsel

Sept 18, 2019
Industry
Amorepacific makes W200m donation to Vietnam city

Korean cosmetics giant Amorepacific said Wednesday the company delivered a bus and maintenance fee for medical devices worth some 200 million won ($168,000), to the city of Quy Nhon, located in Binh Dinh province in central Vietnam.Attending the delivery ceremony at Quy Nhon city hall was head of Amorepacific Vietnam division Min Jeong-gi, Yongsan district Mayor Sung Jang-hyun as well as Binh Dinh People’s Committee Vice Chairman Phan Cao Thang, Mayor of Quy Nhon Ngo Hoang Nam and head of

Sept 18, 2019
Industry
Lotte Duty Free invites youth activists with disabilities for Seoul tour

Lotte Duty Free invited some 20 youth activists with disabilities from South Korea, China and Japan last month to provide cultural and tourism experiences here, and at the same time address the lack of accessibility for the disabled in major tourist areas, the company said Wednesday. Organized by Lotte Duty Free and Disabled Peoples’ International Korea, the event itinerary included a guided tour around major attractions in Seoul, a chance to view the annual Lotte Duty Free Family Co

Sept 18, 2019
Industry
Posco gears up for stainless steel sales for vessel scrubbers

South Korean steelmaker Posco is ready for commercial sales of super-alloy stainless steel for scrubbers necessary for vessels that should abide by new environmental rules by the International Maritime Organization, the company said Wednesday.This year, Posco succeeded in commercializing super-alloy stainless steel, labeled S31254, for vessel scrubbers, and it has been supplying the steel to clients including Hyundai Heavy Industries Power Systems, Kangrim Heavy Industries and STI. Installi

Sept 18, 2019
Industry
S. Korea urges China to end anti-dumping duties on solar materials

South Korea has urged China to terminate its anti-dumping measures on Korean polycrystalline silicon for solar panels, claiming they do not pose any domestic threat, officials said Wednesday. A delegation led by Chung Hae-kwan, director general of Trade Ministry’s trade legal affairs, attended a hearing in Beijing together with officials of related Korean companies, including OCI and Hanwha Chemical. The Chinese government has imposed anti-dumping duties on Korean and US polycrystalline si

Sept 18, 2019
Industry

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