Plans to inject W4.6tr to back export of services, create 50 or more new job categories

Korean Air and Asiana Airlines post Q2 earnings surprise

The ruling Democratic Party’s support rating has fallen behind that of the conservative opposition United Future Party for the first time in nearly three years, a survey showed Thursday. In the survey conducted by Realmeter, the ruling party’s support rating came to 33.4 percent, down 1.7 percentage points from the previous week, while that of the United Future Party rose 1.9 percentage points to 36.5 percent. The gap remains relatively small, but this is the first time the Demo

Chips, computers, smartphones chug along country’s outbound shipments

South Korea is seeing signs of “a silent spread” of the novel coronavirus with sporadic outbreaks in the Seoul Metropolitan area, health authorities said Thursday, adding the situation is more worrisome than it was in May. The country has seen a spike in locally transmitted COVID-19 cases linked to small gatherings at churches, schools and restaurants nationwide, with the transmission routes for 13.4 percent of the total cases for the past two weeks remaining unknown. In early Ma

The Korean National Ballet will perform “Heo Nan Seol Heon - Su Wol Kyung Hwa,” Aug. 21-23 at the Seoul Arts Center in southern Seoul, presenting the life of the legendary poet Heo Nanseolheon. Heo Nanseolheon (1563–1589), whose real name is Heo Cho-hui, was a prominent Korean poet from the mid-Joseon era. Having left behind more than 200 poems in her name, her works are appreciated to this day. The ballet “Heo Nan Seol Heon - Su Wol Kyung Hwa,” brings her two

Unity said Thursday its game engine will check the safety of Doosan’s construction sites inside virtual reality. Unity Technologies Korea signed a memorandum of understanding with South Korean machinery manufacturer Doosan Infracore to verify the safety of construction sites by running a simulation inside a virtual reality built by Unity’s game engine. “Based on Unity’s game engine, the simulator will allow Doosan Infracore to accurately predict potential variables t

Leading figures in cultural communication from around the world will join offline panel members to discuss the changes in how cultural contents are delivered in the post COVID-19 era at the 11th Cultural Communications Forum being held from Aug. 26-27. The two-day forum will feature speakers from the EU in the evening of the first day and speakers from North America in the morning of the second day, due to the time difference of the countries from where the speakers will join via video call. E

Starbucks Korea said Thursday it has donated 200 million won ($168,900) to support preservation of independence cultural heritage and provide scholarships to the descendants of independence patriots. As Saturday marks the country’s National Liberation Day, the coffee chain said it held a ceremony Thursday to deliver 100 million won to Cultural Heritage Administration and the National Trust for Cultural Heritage. The funds will be used to purchase and preserve cultural heritage artifact

Posco, South Korea’s largest steelmaker, said Thursday it succeeded in developing the world’s first free cutting steel using graphite, and is set for mass production of the eco-friendly steel named PosGRAM. With its new development, Posco said it will be able to raise the country’s industrial competitiveness, as PosGRAM would replace lead free cutting steel, of which its entire supply has been imported. Free cutting steel refers to the steel that is high in strength, easy t

Hyundai Glovis said Thursday it has partnered with Incheon International Airport Corp. to establish a smart parking system. The South Korean logistics firm has signed an agreement with the IIAC to establish a test bed for smart parking. The signing ceremony was attended by CEO Kim Jung-hoon and IIAC President Koo Bon-hwan. Under the agreement, the company plans to carry out smart parking system projects in three stages, including technical verification of parking robots, pilot operation of

Significant flooding in North Korea may have damaged the facilities at Yongbyon nuclear complex, the communist regime’s main nuclear facility, a US-based North Korean monitoring website said Thursday.  Comparing the satellite imageries of the region from July 22 to Aug. 6, the 38 North said it shows a dramatic rise in the water level of the Kuryong River that runs alongside the Yongbyon complex and the flooding appears to be the “worst in past several years.”  &ld

South Korea had a July that was cooler than June for the first time in recorded history this year, in yet another disturbing sign of climate change on the Korean Peninsula. According to the Korea Meteorological Administration, the average temperature in June was 22.8 degrees Celsius, the highest June on record since data began to be compiled in 1973. July temperatures averaged 22.7 degrees Celsius, slightly lower than that of June. It is the first time that June was hotter than July. Normall

In celebration of the 75th anniversary of Korea‘s liberation from Japanese colonial rule this Saturday, the National Museum of Korea in Yongsan-gu, Seoul, is putting the country’s oldest Taegeukgi, the national flag, on display in its Korean Empire Hall through Aug. 23. The oldest known extant Taegeukgi is held by the Smithsonian museum. Gojong, the last Joseon king and and the first Emperor of Korea, presented the flag to his diplomatic adviser Owen N. Denny from the US when Den

With wider free immunization, vaccine makers ponder how to expand production