As US President-elect Donald Trump assembles his energy team with the aim of expanding oil and gas production in his second term, there may be pressure on allies to import US oil. However, South Korean oil companies, heavily reliant on Middle Eastern suppliers, might hesitate to switch to US crude, industry sources said Monday. Over the weekend, Trump tapped Chris Wright, CEO of Liberty Energy, a natural gas fracking company, as the secretary of energy, and North Dakota Gov. Doug Burgum to head

South Korean stocks fell slightly Thursday to end their three-day winning streak as major shares ended in mixed territory. The local currency fell against the US dollar for the first time in six sessions. The benchmark Korea Composite Stock Price Index lost 1.66 points, or 0.07 percent, to close at 2,480.63. The main index had been rising since Monday. Trade volume was moderate at 440.4 million shares worth 8.1 trillion won ($5.8 billion), with decliners beating gainers 477 to 392. Foreigners du

Delivery platforms and their partnered restaurants reached an agreement Thursday on reducing controversial commission fees to 2 to 7.8 percent from the current 9.8 percent starting next year, officials said. The decision came in the 12th round of a meeting held by a government consultative body overseeing the discussions, attended by representatives from Baedal Minjok, or Baemin, as well as smaller competitors Coupang Eats and Yogiyo, along with small business owners registered with these platfo

GS Caltex, a South Korean energy and chemicals company, received the Grand Prize at the 2024 Mecenat Awards for promoting regional culture with its multipurpose cultural and arts space in South Jeolla Province. GS Caltex has been operating GS Caltex Yeulmaru for 12 years. Designed by the architect Dominique Perrault, Yeulmaru has hosted over 1,800 performances, along with 2,300 exhibitions and educational programs, attracting approximately 1.33 million visitors as of mid-2024. Additionally, the

South Korean construction giant GS Engineering and Construction announced Monday that it had won a $375.7 million contract to build a subway tunnel in Melbourne, Australia. Awarded by Victoria’s Suburban Rail Loop Authority, the contract is part of the broader Suburban Rail Loop project, which aims to construct a 90-kilometer orbital rail line connecting various regions of the city. GS E&C said it will participate in the SRL East project, valued at $1.1 billion in total, to build a 10-

A nationwide promotion of "hanwoo" -- Korean beef -- begins on Wednesday, with discounts of up to 50 percent off regular prices. The promotion will be carried out in 1,948 retail outlets across Korea, including major supermarkets, NongHyup Hanaro Mart and online hanwoo markets. The promotion is led by the Ministry of Agriculture, Food and Rural Affairs and organizations that manage beef production in Korea -- NongHyup Agribusiness Group, Hanwoo Association, and a semi-public promotio

SINGAPORE and SEOUL, South Korea, Oct. 18, 2024 /PRNewswire/ -- Regulations in the trade sector to address the climate crisis are becoming increasingly stringent. Europe's Carbon Border Adjustment Mechanism (CBAM) is set to take full effect in just over a year, and the number of companies participating in ESG management continues to rise annually. One of the key alternatives for addressing the climate crisis and trade regulations is reducing carbon emissions through renewable energy. Kor

South Korean energy, retail and construction giant GS Group said Friday it hosted its GenAI Connect Day workshop at its Yeoksam headquarters to share global trends in artificial intelligence. The event was jointly organized with LlamaIndex, a San Francisco-based company specializing in AI services for large language model applications. In Silicon Valley, LlamaIndex is acknowledged as one of the key innovators in the generative AI industry. Pierre-Loic Doulcet, founding engineer of LlamaIndex, an

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014, AS AMENDED (AND INCLUDING AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT  2018, AS AMENDED) ("MAR") LONDON, Sept. 23, 2024 /PRNewswire/ -- INEOS Quattro Finance 2 Plc (the 'Offeror'), a company incorporated under the laws of England

South Korean oil refiner GS Caltex said Thursday that it has supplied some 5,000 kiloliters of sustainable aviation fuel to Japan’s Narita International Airport, as part of its efforts to expand its carbon reduction business. The fuel was produced by GS Caltex by blending conventional aviation fuel with sustainable aviation fuel provided by Neste, a leading biofuel producer in Finland. The supply deal was facilitated by Japanese trading company Itochu Narita Airport plans to sell the fuel

South Korea’s leading construction company GS Engineering & Construction is ramping up efforts to enhance financial stability and spur growth in key growth drivers. Currently, GS E&C is exploring various strategic options, including stake sales in its subsidiaries such as GS Inima Environment and GS Elevator, as part of efforts to secure cash for growth. GS Inima Environment, a global water treatment and purification company based in Spain, is a notable asset within GS E&C�

HONG KONG, Aug. 29, 2024 /PRNewswire/ -- Smartee, a leading orthodontic brand with two decades of innovation, recently showcased its iconic orthodontic solutions and products at the 13th Hong Kong International Dental Expo and Symposium (HKIDEAS), further accelerating its global expansion. The Smartee booth attracted numerous industry elites, creating a hub of activity and engagement throughout the event. HKIDEAS has transformed over the past decade from a regional platform into

SINGAPORE, Aug. 29, 2024 /PRNewswire/ -- Smartee organized the GS Mandibular Repositioning Therapy Conference in Singapore, gathering top dental professionals from across Singapore, Australia, Malaysia, and the Philippines. The conference was led by orthodontic experts, including Prof. Gang Shen, Chief Orthodontist at Taikang Bybo Dental and Smartee's Chief Scientist in R&D, along with Dr. Jingting Lu, a core member of Prof. Shen's orthodontic team. Together, they unveiled i

South Korean energy, retail and construction conglomerate GS Group announced Thursday that it has officially launched the GS Cultural Foundation, a move aimed at enriching the nation's cultural and artistic landscape. Chaired by GS Group Chairman Huh Tae-soo, the board comprises prominent figures including Kang Sue-jin, artistic director of the Korean National Ballet, Eugene H J Bang, former head of DBS Bank Korea, Rha Wan-bae, former vice chairman of GS Energy, and Lee Joon-myung, an attor

Table tennis star and Paris Olympic double-bronze medalist Shin Yu-bin has become a favorite in the Korean food industry, landing major ad deals with top brands. The 20-year-old athlete brought home medals in mixed and women’s doubles, ending the country’s long medal drought in table tennis. Cameras caught her munching on snacks -- bananas, rice balls, and energy gels -- during breaks as the competition heated up. These endearing moments quickly went viral, adding to her charm alongs