Most Popular
-
1
Korean labor force to shrink by 10 million by 2044: report
-
2
[AtoZ Korean Mind] Does your job define who you are? Should it?
-
3
Allegations surrounding BTS resurface, enraged fans demand apology
-
4
Students with history of violence will be barred from becoming teachers
-
5
Probe of first lady on Dior bag allegations set to begin
-
6
'Super Rich in Korea' will leave viewers appreciating Korea more: producers
-
7
Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
-
8
Medical feud leaves hospitals in financial crisis
-
9
'Queen of Tears' riding high on Netflix chart
-
10
Chip up cycle won’t stay long: SK chief
-
[Best Brand] Linus offers top-notch app development services
Linus, an application development service provider, has successfully carried out 40 projects for companies across various areas, including analysis of nutrients, multilingual education and luggage delivery. As a startup established in 2019, Linus is a system integration company that creates apps for both Android and iOS, sets up servers and web services and develops machine-learning models and prediction platforms. According to Linus, the startup gets involved in the initial planning stages of
June 27, 2022
-
[Best Brand] Starbucks Korea recognized for offering equal job opportunities
Starbucks Korea has been bolstering its efforts in creating equal job opportunities and giving back to society. The coffee chain, with over 20,000 employees across over 1,600 locations nationwide, has been recognized by the government for providing equal employment opportunities to disadvantaged groups. The Korea Employment Agency for Persons with Disabilities chose Starbucks Korea as an “excellent case” of having incorporated the disabled into its workforce. As of June 2022, Sta
June 27, 2022
-
[Best Brand] Powerful-X Recovery Cream becomes No. 1 sports cream
Powerful-X Recovery Cream is the nation’s No. 1 sports cream, offered by Powerful-X, a local sports beauty and health care company. Since its launch in 2014, sales exceeded 30 billion won ($23.2 million) in 2017 and its success led to the maker’s stock debut on Konex, a securities exchange for small and medium-sized firms, in the same year. The firm attributed the cream’s huge success to its steady quality improvement over the time. The firm applied its own “Flex-So
June 27, 2022
-
[Best Brand] Samsung C&T enters SMR, eco-friendly energy biz
The engineering and construction division of Samsung C&T Corporation is aggressively entering the eco-friendly energy businesses such as small modular reactors, or SMRs, green hydrogen and ammonia. The Engineering & Construction Division of Samsung C&T recently invested $70 million in NuScale Power, an American SMR company, laying a stepping stone for its SMR business overseas. SMRs are safer compared to conventional nuclear reactors, emits nearly zero carbon, and guarantees a stab
June 27, 2022
-
[Best Brand] Come In Wash‘s patented solution offers high quality service
Automatic car wash system company Come In Wash first received attention for offering high quality car wash services using an automatic, no-touch, no-brush car wash which was patented in 2019. With increasing market demand and business expansion, Come In Wash has opened its first branch in downtown Seoul on June 10. Located in Samseong-dong, Gangnam-gu, Seoul, it offers a top quality car wash system for customers in adjacent neighborhoods such as Cheongdam-dong and Apgujeong-dong. Unlike other
June 27, 2022
-
[Best Brand] LocknLock caters to wide range of home-cooked meals
The trend of having healthy home-cooked meals has driven household goods companies to expand their business into the small home appliances sector. LocknLock, the global food container maker, has introduced Steam Fryer S2, which offers five cooking options -- steam oven, air fryer, grill, toaster and steamer. In particular, its super steam mode cooks food at 130 degrees Celcius and forces superheated steam deep inside ingredients. Since the cooker heats ingredients fast, it draws out fat and sa
June 27, 2022
-
[Best Brand] Shinhan Card targets Generation MZ with ‘Hilarious Loopy’
Shinhan Card recently launched debit cards that feature the popular animation character Loopy, targeting “Generation MZ,” a local term combining millennials and Generation Z and roughly encompassing those born from the 1980s to 2010s. “Hilarious Loopy,” an exaggerated version of Loopy’s funny character, went viral across social media and online communities among teens and 20-somethings, prompting the credit card company to use the character from the “Pororo t
June 27, 2022
-
Commemorative medals for 2002 Korea-Japan World Cup on sale
Special limited edition medals and banknotes to commemorate the 20th anniversary of the 2002 FIFA World Cup, co-hosted by South Korea and Japan, went on sale Monday. Korea Minting, Security Printing & ID Card Operating Corporation (KOMSCO) said the commemorative items were made to wish the South Korean national football team good luck on the upcoming 2022 Qatar World Cup, while serving as a reminder of the national unity Korea experienced during the 2002 tournament. The “FIFA World
June 27, 2022
-
Korea close to authorizing 1st homemade vaccine
South Korea’s drug regulators are looking to announce the final approval of the country‘s first homegrown COVID-19 vaccine before the end of this week, officials said Monday. According to the Ministry of Food and Drug Safety, the Central Pharmaceutical Affairs Council concluded that SK Bioscience’s request for the approval of SKYCovione‘s biologics license application could be granted in a meeting on the previous day. A total of 23 outside experts and regulatory authori
June 27, 2022
-
Despite brisk earings, refiners weary of windfall tax
The nation’s four refiners -- SK Innovation, GS Caltex, S-Oil and Hyundai Oil Bank -- are expected to post record earnings in the second quarter this year, with sky-high oil prices boosting their operating margins. But they are under heavy social and political pressure as their thriving business means higher energy bills for consumers. Commodity prices rise and fall dramatically and refiners are sometimes threatened with a tax on their “extraordinary” profit at times of high
June 27, 2022
-
Govt. unveils W1tr spending package for AI chip dominance
The South Korean government on Monday announced a five-year plan to spend a combined 1.02 trillion won ($794.8 million) in semiconductor chip research and development to maintain its competitive edge in the global chip market. The spending package in the country, home to memory chip powerhouses Samsung Electronics and SK hynix, is aimed at securing a stronger footing in the field of artificial intelligence chips, mainly by developing libraries and compiler software to encourage wider usage of d
June 27, 2022
-
4 out of 10 firms in S. Korea experience raw materials price hikes higher than 20 pct: survey
About 4 out of 10 companies in South Korea saw their raw material prices jump 20 percent or more this year amid fast-rising oil and commodity bills, a central bank survey showed Monday. According to the survey by the Bank of Korea on 570 firms, 40.3 percent said so, with 8.1 percent saying that the prices jumped 50 percent or higher compared with a year earlier. With the raw material price increase, 69 percent of those surveyed raised the prices of their products or services. Of them, 43.1 perce
June 27, 2022
-
BOK deputy chief to attend FSB meeting this week
A top official of the Bank of Korea (BOK) will attend a meeting of the Financial Stability Board (FSB) this week in the Netherlands and discuss global cooperation, Seoul's central bank said Monday. Bank of Korea (BOK) Deputy Gov. Lee Seung-heon will depart for the European country on Tuesday to join the general assembly of the FSB in Amsterdam on Thursday, according to the BOK. The FSB is a consultation body that coordinates and cooperates for global financial market stability. It is made u
June 27, 2022
-
How feeding seagulls became a boat trip selling point
As a cruise ferry on Han River was about to leave the dock on a Tuesday afternoon in June, dozens of seagulls began to gather around. Some sat on the top rails of the ship while others began to fly around as passengers started to come out to the deck. Once the engine starts, you get the sense what they are here for. People were holding snacks with their fingers or throwing them for the birds to eat. Laughter and joyful scream filled the ship as people of all age groups -- from elderly peopl
June 27, 2022
-
SK Bioscience's COVID-19 vaccine candidate inches closer to launch after experts' approval recommendation
South Korea's first COVID-19 vaccine candidate, developed by SK Bioscience Co., has received an approval recommendation from a government advisory group of pharmaceutical experts, officials said Monday, pushing the vaccine candidate one step closer to commercial launch. The Ministry of Food and Drug Safety said GBP510, the vaccine candidate developed by SK Bioscience, was recommended during a meeting of the ministry's Central Pharmaceutical Review Committee on Sunday as being ready for
June 27, 2022
-
Seoul shares open higher on U.S. gains
Seoul shares opened higher Monday, tracking gains on Wall Street last week, with investors staying cautious about high inflation and further rate hikes. The Korea Composite Stock Price Index (KOSPI) rose 10.35 points, or 0.44 percent, to 2,376.95 in the first 15 minutes of trading. On Friday, the Dow Jones Industrial Average rose 2.7 percent to 31,500.68 points and the tech-heavy Nasdaq climbed 3.3 percent to 11,607.62 points. In Seoul, technology stocks were lead gainers. Market bellwether Sams
June 27, 2022
-
SC Bank Korea offers special rate until June 30
Standard Chartered Bank Korea is offering a special interest rate of up to 1.9 percent per annum, before tax, to new customers opening a checking account by the end of this month. Account holders are eligible for the special rate up to 60 days from opening the account, as long as they keep the balance between 100 million won ($77,200) and 2 billion won. The rate is adjusted each day depending on the balance at the end of day. Once new deposits reach 200 billion won, the special offer will ex
June 26, 2022
-
Bumpy road ahead for wage talks at Hyundai Motor Group
A labor dispute is brewing at Hyundai Motor Group, as its unionized workers warned of a possible strike after they failed to narrow differences with management over wage hikes and working conditions amid the automaker’s shifting focus toward electric vehicles, a threat to its manufacturing-focused workforce. According to the industry on Sunday, the labor union with some 47,000 members at the Hyundai Motor Co. branch of the Korean Metal Workers’ Union under the Korean Confederation
June 26, 2022
-
LG Electronics makes foray into EV charging market
LG Electronics said Sunday it is making its foray into the burgeoning electric vehicle charging market, calling the sector one of its key growth drivers for its next big leap. As part of the big push, the firm said it has acquired a 60 percent stake in AppleMango, a local battery maker, in partnership with GS Energy and GS Neotek that took over 34 percent and 6 percent in the company, respectively. Following the deal, AppleMango has become a subsidiary of LG Electronics. Through the new su
June 26, 2022
-
Cyworld launches ‘digital inheritance’ service
South Korean social media platform Cyworld on Sunday launched a new service called “digital inheritance,” which allows the family of a deceased user to inherit digital data. Family members will gain access to published photos, videos and even the diary of the deceased, while other private materials open to friends or the account owner may not be disclosed due to privacy issues. The company added the “inheritance” will be made only if the user agrees to the terms befo
June 26, 2022