South Korean game developer Nexon's mobile role-playing game "Dungeon & Fighter" has topped global mobile game sales, energized by its popularity in China. According to a report released Tuesday by app market research firm Sensor Tower, Dungeon & Fighter recorded around $270 million in Chinese sales over the past month since its May 21 launch there. This figure exceeds the total revenue it accumulated in Korea over two years and three months. Sensor Tower credited the game

Industry June 25, 2024

S-Oil announced Monday that its advanced smart factory system has become fully operational recently following a three-year digital transformation project. To transform its Onsan plant in Ulsan into a smart facility, S-Oil implemented the S-imoms project, its integrated manufacturing operation management system. The S-imoms project required an investment of approximately 25.5 billion won ($18 million) over three years. S-Oil expects to achieve annual economic benefits of over 20 billion won throu

Industry June 24, 2024

Starbucks Korea partnered with the Korea Tourism Organization to host a special hospitality event Wednesday at the Starbucks Daegu Jongno Gotaek store in Daegu, welcoming over 90 foreign tourists as part of efforts to showcase Korea. The event was part of a program that spotlights 10 distinguished Starbucks stores, chosen by Starbucks Korea and the KTO to align with the "Visit Korea Year" campaign from 2023 to 2024. This event aims to draw domestic and international tourists to uniqu

Industry June 21, 2024

Korean fashion company ShinWon Corporation said Friday that it is increasingly adopting artificial intelligence and big data to lead tech innovation in fashion. By predicting future trends through extensive data analysis, ShinWon said it adapts swiftly to market changes, incorporating these insights into product planning and production. To understand market conditions and patterns, ShinWon employs online market sales data analysis, trend analysis and social media analysis. By examining actual sa

Companies June 21, 2024

Chang Jae-hoon, president and CEO of Hyundai Motor Group, has been named as co-chairman of the Hydrogen Council, a global coalition of CEOs committed to speeding up hydrogen-based energy transition. The Hydrogen Council announced Tuesday Chang's appointment to replace Yoshinori Kanehana, chairman of Japan’s Kawasaki Heavy Industries, whose term ends in June. Chang will serve the chairman role alongside Sanjiv Lamba, CEO of Linde, the US industrial gas producer. This appointment follow

Companies June 18, 2024

Samsung Electronics and Seoul National University are collaborating to establish a joint research center dedicated to advancing artificial intelligence technology and nurturing talent in the field. Samsung Electronics held a signing ceremony Monday at SNU’s Global Engineering Center for Engineers in southern Seoul to formalize the establishment of the joint AI research center. Key figures including Cheun Kyung-whoon, president and chief technology officer at Samsung's DX or device exp

Technology June 17, 2024

Under the shared goal to tackle the climate crisis, Korea and Mongolia have been pioneering a greenbelt project, a testament to their relationship and a joint effort to rejuvenate desertifying landscapes. The beginning of the Korea-Mongolia Greenbelt Plantation Project dates back to 2006 when the Korea Forest Service, the nation’s forest agency, and Mongolia's Ministry of Environment and Tourism formalized their forestry cooperation to combat yellow dust and desertification prevention

Industry June 16, 2024

Han Sung Motor, the official Mercedes-Benz car dealer in Korea, on Wednesday launched a three-day trial service of its certified used cars, in an industry first. Customers who purchase a certified preowned Mercedes-Benz from Han Sung Motor can test drive the vehicle for three days and get a full refund with no penalties if dissatisfied. Vehicles eligible for the service are selected monthly, mainly among popular models. Customers can apply for the service through the inquiry channel of Han Sung

Mobility June 12, 2024

KB Kookmin Card on Monday celebrated the 30th anniversary of its Indonesian subsidiary, KB Finansia Multi Finance, in the capital city Jakarta. Established in 1994, KB FMF is a credit finance corporation that primarily offers mortgages for used cars and motorcycles, as well as installment financing for durable goods. KB Kookmin Card acquired shares of KB FMF in July 2020, integrating it as a subsidiary. KB Kookmin Card CEO Lee Chang-kwon attended the event and encouraged local employees, present

Market June 11, 2024

Samsung Electronics will introduce its real-time translation feature backed with artificial intelligence to third-party messaging apps like KakaoTalk to support voice calls, as part of its efforts to expand the influence of its on-device Galaxy AI, the company's research and development chief said Friday. In an editorial published via the company newsroom, Choi Won-joon, the executive vice president leading Samsung Electronics’ R&D office for mobile devices, also revealed that the

Industry June 7, 2024

LG CNS said Wednesday that it debuted its new enterprise resource planning solution at the SAP Sapphire 2024 trade show, which kicked off in Orlando, Florida, Monday. PerfecTwin ERP Edition is an automated testing solution based on actual transaction data. It is specifically tailored for SAP’s enterprise resource planning software to integrate and manage all enterprise operations. The latest solution stands out from traditional methods that verify errors using small data samples, the compa

Technology June 5, 2024

Korean software developer Tmax Group celebrated its 27th anniversary Monday by unveiling its renewed corporate identity. Held in Seongnam, Gyeonggi Province, 550 employees joined the anniversary event, with an additional 1,000 participating online through Tmax's collaboration solution, Tmax WAPL. The new CI, introduced by Kim Jae-hwan, chief marketing officer of Tmax, embodies the company's outstanding, boundless and integrative qualities. The vibrant blue color conveys a sense of vita

Technology June 4, 2024

The Ministry of Environment and the Korea Environment Conservation Institute are co-hosting the International Exhibition on Environmental Technology and Green Energy (ENVEX) at Coex in Seoul, which began Monday and runs to Wednesday. Launched in 1979, ENVEX, now in its 45th year, aims to boost domestic demand and lay export bases for outstanding small and medium-sized green energy enterprises. It boasts the longest history among environmental technology exhibitions in Korea. ENVEX will showcase

Technology June 4, 2024

South Korea's food maker Daesang announced Monday the expansion of its manufacturing plant in Vietnam with an investment of approximately 30 billion won ($21.8 million). Vietnam is a key market for Daesang's global business. Fueled by the K-food wave, Daesang’s food and materials sales exceeded 200 billion won last year. In line with this success, Daesang’s subsidiaries, Daesang Vietnam and Daesang Duc Viet, have each completed their second factories in Hai Duong Province a

Industry June 3, 2024

Korean logistics company LX Pantos announced Thursday the signing of a contract with Indonesian company KSA to establish a joint venture for resource logistics. LX Pantos CEO Lee Yong-ho, KSA CEO Kartika Hadi and other executives from both companies attended the signing ceremony, held at KSA's headquarters in Jakarta, Indonesia. Through this agreement, LX Pantos is to make its debut in the Indonesian resource logistics market. KSA is Indonesia's largest bulk carrier company specializin

Industry May 30, 2024