Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[Weekender] How DDP emerged as an icon of Seoul
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Rapper jailed after public street fight with another rapper
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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Woman gets suspended term for injuring boyfriend with knife
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[KH Explains] No more 'Michael' at Kakao Games
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Level 4 self-driving IONIQ 5 starts delivering food in California
Hyundai Motor’s IONIQ 5 loaded with Level 4 self-driving technology has started delivering food in California. Motional, a US autonomous vehicle company that Hyundai Motor Group and US mobility startup Aptiv formed, and Uber Eats began operating their pilot program of automated delivery service in Santa Monica, California, on Tuesday. The partnership was announced in December. At Level 4, a vehicle can drive itself under limited conditions and will not operate if all required conditions
May 17, 2022
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Amid buyout talks, SsangYong to launch new SUV Torres
South Korean sports utility vehicle maker SsangYong Motor unveiled its new mid-size SUV called Torres on Tuesday, scheduled to be launched next month. The launch of the new vehicle came amid growing financial pressure on the SUV maker, which has been struggling to find a new suitable buyer. The new vehicle was named after the Torres del Paine National Park located in Chile’s Patagonia region, a place often known as “the end of the world.” “We adopted the name Torres bec
May 17, 2022
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Seoul shares up nearly 1% as investors buy beaten-down issues
South Korean shares rose nearly 1 percent Tuesday as investors picked up recently downbeat issues, including Samsung Electronics, amid worries over inflation and aggressive monetary tightening in major economies. The Korean won gained ground against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) added 23.86 points, or 0.92 percent, to close at 2,620.44 points. Trading volume was moderate at about 859 million shares worth some 9.3 trillion won ($7.3 billion), with gainers
May 17, 2022
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Corporate Korea expects Biden’s IPEF to resolve supply disruption, Japan ties
Korean businesses have pinned high hopes on the imminent launch of a new US-led economic initiative, called the Indo-Pacific Economic Framework or IPEF, in tackling supply chain disruptions and improving soured ties with Japan. But they remained cautious about the new platform’s anti-Chinese undertones. South Korea’s envisioned entry into the IPEF is expected to top the agenda during summit talks between Presidents Yoon Suk-yeol and Joe Biden in Seoul on Saturday. The IPEF aims
May 17, 2022
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[Photo News] Consumer price woes
A customer looks around a cosmetics section of a department store in Seoul. Manufacturers for health and beauty products have been under increasing pressure to raise product prices amid the prolonged Russian attack on Ukraine and intensifying concerns over Indonesia’s palm oil export ban.
May 17, 2022
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Kakao to offer mobility services in Guam
South Korean IT giant Kakao will provide mobility services in Guam before the end of the third quarter through a partnership with Miki Taxi, one of the largest taxi services on the US island territory, Kakao Mobility said Tuesday. In doing so, the firm will become the country’s first mobility company to apply the entire infrastructure ranging from the platform, driver application and administration on foreign soil in terms of taxi business, according to Kakao Mobility. Miki Taxi’
May 17, 2022
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WeWork Korea looks to ‘export’ its premium service overseas
Patricia Chun, general manager of WeWork Korea, said Tuesday that the company is considering launching its premium office service in the global market, driven by soaring demand for worker-friendly and customized official rental services. Launched on May 1, the WeWork premium service is available at its Seoul Square, Gangnam, Yeoiudo and Gwanghwamun branches. The firm plans to export the service to the global market including the United States. Among global WeWork branches, WeWork Korea
May 17, 2022
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SK inks strategic ties with TerraPower
SK Group said Tuesday it has signed a nonbinding agreement with the US small-sized nuclear power reactor design company TerraPower to solidify the groupwide push to reduce carbon emission. But the second-largest conglomerate in South Korea did not disclose a plan for an investment in the company. Under the plan, SK Inc., SK Innovation and TerraPower will jointly develop “next-generational technologies” needed for small modular reactors which operate at a capacity of 500 megawatts
May 17, 2022
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Criticisms grow as car buyers are pushed to pay more on delayed orders
Consumer criticisms are mounting as the country’s finished carmakers are unable to meet the delivery deadline due to ongoing supply shortages globally, as well as obligating customers to pay more to get the latest edition models. As carmakers like Hyundai Motor stops manufacturing the older version of vehicle when they release the new edition in the new year, customers having to wait more than a year for delivery of their cars are being pushed to buy more expensive, newer edition v
May 17, 2022
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Korean food tours for foreigners launched
SEJONG -- A program aimed at introducing Korean food to foreigners kicked off Monday, the Ministry of Agriculture, Food and Rural Affairs said Tuesday. The program, which consists of a total of 20 food tours, will run between May and November this year in Seoul and across the country. Foreign residents and tourists can also learn recipes for a variety of Korean food, including traditional sauces and kimchi, in one-day cooking classes by Korean food chefs and masters nationwide, the ministry sa
May 17, 2022
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Henkel Korea launches ‘Zero Mosquito’ campaign
Henkel Homecare Korea’s insecticide brand Home Keeper & Home Mat said it has launched an awareness campaign to provide information about the dangers of mosquitoes in collaboration with the Korean Red Cross for the second year running. The “Zero Mosquito Campaign” is aimed at helping vulnerable groups to get through the summer, when mosquitoes are most active, according to the insecticide maker. Last year, the company held the “Zero Mosquito Donation Challenge&rdqu
May 17, 2022
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Ex-employees of Samsung chip vendor indicted in tech theft case
Two former employees of Semes, a Samsung Electronics subsidiary and key semiconductor chip-related equipment supplier, have been indicted for their alleged involvement in technology theft. The two former Semes staffers were allegedly involved in selling crucial wafer cleaning machines -- believed to be identical to ones by Semes -- to an undisclosed Chinese entity, according to Suwon District Public Prosecutors’ Office on Tuesday. The pair and another two employees of a Semes’ suppl
May 17, 2022
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Renault XM3 Inspire comes with better design, more tech
Renault Korea Motors has added a new trim called Inspire to its XM3 SUV, which has been lauded for its distinct, upscale design. Named after the show car unveiled at the 2019 Seoul Motor Show, XM3 Inspire comes in two colors -- cloud pearl and sonic red. The Inspire trim of the compact SUV features ventilated leather seats, heated rear seats, customized ceilings, a shield to minimize wind noise when driving at high speeds and small design touches such as red lines on the air curtain, side fend
May 17, 2022
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Samsung Heavy wins W862.3b order for 3 LNG carriers
Samsung Heavy Industries Co., the world's No. 3 shipbuilder by order backlog, said Tuesday it has bagged a 862.3 billion-won (US$671 million) order to build three liquefied natural gas (LNG) carriers in Africa. Samsung Heavy said it will construct those LNG carriers for an unidentified African shipper and deliver them by January 2026. The vessels will have top-of-the-line equipment, such as a membrane-type storage tank and a duel fuel gas engine, said Samsung Heavy, the shipbuilding arm of
May 17, 2022
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Kakao Mobility partners with Miki Taxi for Guam service
Kakao Mobility Corp., South Korea's leading taxi-hailing company, said Tuesday it has forged a business partnership with Miki Taxi, a major taxi operator in Guam, to provide ride-hailing services in the Pacific territory. Through the partnership with Miki Taxi, which operates approximately 40 percent of all taxis in Guam, Kakao Mobility plans to offer mobility hail service on the island via its Kakao T application starting in the third quarter. The new Guam service will initially be limited
May 17, 2022
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Efficiency of COVID-19 vaccination proven with breakthrough cases: researchers
South Korean researchers have added new evidence that mRNA vaccinations can prevent severe symptoms in breakthrough infections of omicron and other variants of the coronavirus that causes COVID-19, the Institute for Basic Science said Monday. The research team led by Shin Eui-cheol, professor at KAIST graduate school of medical science and engineering, has analyzed the bloodwork of participants who received mRNA vaccine and those who were vaccinated after contracting COVID-19. The team found
May 17, 2022
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Hyundai E&C to issue non-fungible tokens for 75th anniversary
Major South Korean builder Hyundai Engineering & Construction Co. said Tuesday it will issue non-fungible tokens (NFTs) to celebrate the 75th anniversary of its foundation this year. To that end, Hyundai E&C recently signed a memorandum of understanding with local digital entertainment provider Sandbox Network on mutual exchange and cooperation in the NFT-metaverse sector. Hyundai E&C, the second-largest builder in Asia's fourth-largest economy, will become the first local industry player t
May 17, 2022
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Air Seoul to resume Incheon-Boracay route next month
Air Seoul Inc., a South Korean low-cost carrier, said Tuesday it will resume the Incheon-Boracay route next month to meet pent-up travel demand amid eased virus curbs. Air Seoul will provide four flights a week on the Boracay route from June 17, the company said in a statement. On Saturday, the carrier resumed services on the Incheon-Guam route and will expand the number of flights from four to seven a week starting July 1, it said. With six A321-200 chartered planes, the carrier currently serve
May 17, 2022
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Seoul shares open higher amid persistent rate hike woes
South Korean shares opened higher Tuesday on institutional buying despite persistent worries over inflation and aggressive monetary tightening in major economies. The Korea Composite Stock Price Index (KOSPI) rose 16.51 points, or 0.64 percent, to 2,613.09 in the first 15 minutes of trading. Overnight, US stocks ended mixed over the latest disappointing economic data from the US and China. Adding to investor anxiety is the Federal Reserve's monetary tightening to tackle inflation and the war in
May 17, 2022
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Nearly 4 in 10 listed firms cut workforce in 2021 amid pandemic
Apartment buildings in Seoul (Yonhap)Almost 4 in 10 South Korean listed companies trimmed their workforce in 2021 from a year earlier amid the prolonged coronavirus pandemic, a private think tank said Tuesday. The Korea Economic Research Institute (KERI) said a survey of 1,874 firms listed on the country's main and minor bourses showed 43.1 percent slashing the number of their employees last year from 2020. Of the 696 businesses traded on the main KOSPI market, 294, or 42.2 percent, cut job
May 17, 2022