Most Popular
-
1
Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
-
2
Key suspects grilled over alleged abuse of power in Marine death inquiry
-
3
[Graphic News] Number of coffee franchises in S. Korea rises 13%
-
4
S. Korean children, teens grow taller, mature faster than before: study
-
5
Some junior doctors are returning: Health Ministry
-
6
Army takes group action against Hybe for neglecting BTS
-
7
[Robert J. Fouser] AI changes rationale for learning languages
-
8
Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
-
9
Woman dangling from power lines rescued by residents holding blanket
-
10
Naver Q1 net income soars 1,171.9% on growth of major businesses
-
Cha Vaccine Institute develops its own mRNA delivery system
The Cha Vaccine Institute, a vaccine development arm of Cha Medical and Bio Group, has developed its own messenger RNA delivery system which does not require frozen storage, the company said Friday. The firm expects that Lipoplex would be a more efficient and stable option than lipid nanoparticles, which have been widely used as carriers for mRNA vaccines. Medicines utilizing mRNA have gained traction since the COVID-19 pandemic as they can be designed and produced quickly once the genome of the
Jan. 26, 2024
-
S-Oil donates W30m with New Year's trekking event
South Korean oil refiner S-Oil on Friday held an annual New Year’s trekking event with some 120 company staff in Gyeonggi Province and fundraised 30 million won ($22,488) for a social welfare group. S-Oil President and Head of Operations Park Bong-soo, President and Head of Corporate Strategy & Services Ryu Yul, President and Head of Marketing & Sales Ahn Jong-bum, and new employees joined this year's trekking event at the Haengjusanseong Fortress History Nurigil Trail in Goya
Jan. 26, 2024
-
Galaxy S24 series set new all-time presales record in Korea
Samsung Electronics’ latest Galaxy S24 series, touted as its first artificial intelligence smartphone, broke the company’s presales record in Korea, selling 1.21 million units in just a week. After the global Unpacked event in San Jose, California on Jan. 17, Samsung carried out a presales event for the latest Galaxy S24 series from Jan. 19 to 25 in Korea. During the weeklong event, the smartphone maker sold 173,000 units per day on average. The latest presale record not only surpass
Jan. 26, 2024
-
Seoul shares open lower on tech losses despite US gains
Seoul shares opened lower Friday on tech losses, despite overnight gains on Wall Street following a report indicating the US economy remains stronger than expected. The benchmark Korea Composite Stock Price Index fell 0.06 percent, or 1.44 points, to 2,468.90 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average rose 0.6 percent to 38,049.13, and the tech-heavy Nasdaq climbed 0.2 percent to 15,510.50. The US economy grew at an estimated 3.3 percent in the fourth quarter
Jan. 26, 2024
-
[From the Scene] New Macan signals true beginning of Porsche EV
SINGAPORE -- Porsche debuted the new Macan -- the automaker’s second all-electric vehicle and first battery-powered sport utility vehicle -- in Singapore on Thursday, officially signaling the start of its future lineup based on the company’s EV-dedicated platform. “We are taking the Macan to a completely new level with exceptional E-Performance, the new driver experience and a very impressive design,” said Oliver Blume, chairman of Porsche’s executive board, durin
Jan. 25, 2024
-
LG Electronics reports another sales record
LG Electronics reported another year of record sales in 2023, driven by upbeat sales of home appliances and automotive parts and solutions, the Korean tech giant said in its earnings conference Thursday. The company posted all-time high annual sales of 84.2 trillion won ($62.9 billion) last year, up 0.9 percent from the year before. This is the third consecutive year the company has achieved record-breaking sales figures. Despite the global economic downturn and decreased demand, LG Electronics&
Jan. 25, 2024
-
Hyundai-Kia retains global No. 3 spot as profits top Tesla's
Hyundai Motor Group has retained its position as the world's third-largest automaker for a second year, trailing only Toyota Motor and Volkswagen Group, based on its 2023 fourth-quarter and yearly financial results disclosed Thursday. The Korean automotive giant, comprising the Hyundai, Kia and Genesis brands, sold approximately 7.32 million vehicles last year, marking a 6.7 percent on-year increase from 2022. Kia, in particular, hit a record operating margin of 11.6 percent, surpassing tra
Jan. 25, 2024
-
Eximbank launches Saudi desk to bolster support in Middle East
The state-run Export-Import Bank of Korea said Thursday that it has launched a Saudi Arabia desk to ramp up support for local firms expanding their businesses in the Middle East. According to the bank, the new desk will take charge of coordinating and supporting the private sector, not just within Saudi Arabia, but in the Middle East overall. While the team will be based in Seoul, an employee will be dispatched to Saudi Arabia's capital, Riyadh, and will collaborate closely to discover new
Jan. 25, 2024
-
CJ Olive Young, Kolmar team up on skin care
South Korean health and beauty retailer CJ Olive Young’s derma skin care brand Bioheal Boh and cosmetics and health care goods manufacturer Kolmar Korea have signed a business agreement to collaborate on microbiome skin care products. Under the recent agreement, the two companies will establish a new research lab, dubbed Probio Lab, to accelerate research and development of microbiome-based skin care products. “The latest business agreement is to combine Bioheal Boh’s specialti
Jan. 25, 2024
-
Seoul shares close tad higher on auto gains
Seoul shares ended slightly higher on Thursday, helped by gains in auto stocks as their 2023 earnings fared well on the back of robust demand. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 0.03 percent, or 0.65 points, to 2,470.34. Trading volume was moderate at 337.26 million shares worth 7.5 trillion won ($5.6 billion), with losers outpacing gainers 443 to 424. Institutions and foreigners bought a combined 236 billion won worth of stocks, offse
Jan. 25, 2024
-
[Newsmaker] SK hynix posts surprise Q4 profit, signaling chip recovery
SK hynix will upgrade its legacy chip fab in China to produce high-value-added products to enhance profitability and meet the demand for recovery, the company said on Thursday. In its regulatory filing on the same day, the world's second-largest chipmaker reported an earnings surprise for the October-December period in 2023, marking a turnaround after struggling from losses for four straight quarters earlier. "Unlike in the past, we will focus our investment decisions to deliver value
Jan. 25, 2024
-
Hyundai takes earnings crown after profit surge
Hyundai Motor Group pulled in an all-time high annual operating profit of 26.7 trillion won ($20 billion) last year, outpacing Samsung Electronics, which held the No. 1 position among the listed companies in Korea for 14 consecutive years, for the first time. Hyundai Motor Company saw a 15.1 trillion won record profit in 2023, a 54 percent jump from the earlier year with a 9.3 percent operating profit margin, while its sales revenue surged 14.4 percent to 162.7 trillion won, the company’s
Jan. 25, 2024
-
Korean tech is what world needs: Banga
World Bank President Ajay Banga stressed that South Korea can play a pivotal role in leading other developing countries with its experience in growth and development, during a media briefing Thursday as part of his visit to Seoul. "What Korea did in 30 years -- to go from being an underdeveloped, challenged country, to having come through a crisis to come out like this -- was quite remarkable,” he said at the Global Knowledge Exchange & Development Center in northern Seoul. &ldquo
Jan. 25, 2024
-
Inshorts introduces AI-based product placement for K-drama
South Korean advertisement company Inshorts has applied its "AI digital product placement solution" to promote products in the popular tvN drama "Maestra," marking the first time an AI-based technology has been used for product placement in the country. Samsung's "Bespoke Rug" and Wakti's "SW19 Hand Cream" were featured as part of the embedded marketing in a recent episode of the series aired via Disney+, tvN and Tving. The items, however, were i
Jan. 25, 2024
-
LG Energy Solution invests in US lithium-metal battery firm
LG Energy Solution on Thursday announced a strategic equity investment in Sion Power, an Arizona-based battery technology developer, in a bid to take the lead in next-generation lithium-metal battery technologies. Established in 1994, the US battery technology firm boasts over 470 international patents, particularly in pioneering core technologies needed for lithium metal batteries. One of the company's advanced technologies includes a dendrite-resistant system that protects lithium metal a
Jan. 25, 2024
-
[Photo News] Hyundai-SK partnership
SK Enmove CEO Kim Wone-kee (left) and Hyundai Motor Company President Yang Hee-won attend a partnership signing ceremony for the development of next-generation vehicle refrigerants at the SK Building in central Seoul on Thursday. The two companies agreed to develop refrigerants for electric vehicles and enhance readiness for tighter emissions rules in key markets. (SK Innovation)
Jan. 25, 2024
-
[Photo News] S-Oil sharing
S-Oil CEO Anwar A. Al-Hejazi (left) poses for a photo with Kim Byong-joon, chairman of Community Chest of Korea, to deliver a donation of 3 billion won ($2.24 million) to the charity at CCK’s headquarters in Seoul on Wednesday. The donation will be used to help underprivileged households and social workers, especially in the southeastern industrial city of Ulsan where the refiner aims to build the nation’s largest petrochemicals plant by 2026. S-Oil has joined CCK’s sharing cam
Jan. 25, 2024
-
LX Hausys eyes bigger footing in North American flooring market
Korean building materials company LX Hausys said Thursday it is joining the International Surface Event 2024, the largest flooring trade show in North America, in a bid to secure a bigger footing in the all-important market. More than 700 companies specializing in flooring, tiles and other building materials are expected to participate in the TISE 2024, which takes place in Las Vegas this week until Friday. The company’s exhibition booth, themed “Stage for Life," features a rang
Jan. 25, 2024
-
Seoul shares open lower on Tesla's weak earnings
Seoul shares opened lower Thursday, tracking an overnight fall on Wall Street. The benchmark Korea Composite Stock Price Index fell 0.58 percent, or 14.42 points, to 2,455.27 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 0.3 percent to 37,806.39, while the tech-heavy Nasdaq rose 0.4 percent to 15,481.92. Tesla reported weaker-than-expected earnings for the fourth quarter, which dragged down EV battery makers here. In Seoul, large-cap stocks were mixed. Mark
Jan. 25, 2024
-
[Photo News] US Congress Rep gets Korean name
Korea International Trade Association Chairman Koo Ja-yeol (right), who doubles as LS Group's chairman, shakes hands with Joe Wilson, the US representative for South Carolina, after their meeting on ways to boost economic cooperation in supply chains between the two countries at the Trade Tower in Seoul, Wednesday. During the meeting, Koo gifted Rep. Wilson a name card engraved with the Korean name Cho Il-seon, which sounds similar to his English name and has the meaning of the "front
Jan. 25, 2024