Economy
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Startups welcome justice ministry's decision to withdraw restrictions from mobile lawyer service
SEOUL -- Information technology-related ventures and startups welcomed the justice ministry's decision to cancel the disciplinary actions against lawyers who provided legal consulting services through LawTalk, an online legal consulting platform that provides matchmaking services for lawyers and clients. LawTalk, operated by Law & Company, was launched in 2014 to provide ordinary people with easy access to law-related services. While almost every legal service in South Korea is
September 27, 2023 -
More than 1.9 billion Spam products sold in S. Korea as of 2022
SEOUL -- Spam, a popular canned pork brand made by American food processing company Hormel Foods, is being widely consumed in South Korea. More than 1.9 billion 200-gram (0.4 pounds) Spam products were sold in the country as of 2022, data released by CJ Cheiljedang, a South Korean food company in charge of domestic Spam production, showed. Canned pork was first introduced during the Korean War (1950~1953) when the United States' armed forces fought alongside South Korea to repel No
September 26, 2023 -
Donga Social Holdings partners with LS E-Link to cooperate in EV charging infrastructure development
SEOUL -- Dong-A Social Holdings, the holding company of South Korean drug maker Dong-A Pharmaceutical, has partnered with LS E-link, the electric vehicle charging station wing of energy infrastructure maker LS Group, to cooperate in the acceleration of EV infrastructure development. As of 2022, there were some 400,000 clean energy vehicles registered in South Korea where some 5.5 million vehicles roam the roads. The number of registered clean energy vehicles, mostly EVs, increased by
September 25, 2023 -
Taihan Cable wins $60 mln high voltage power grid project order in Bahrain
SEOUL -- Taihan Cable & Solution, a power cable and grid infrastructure company in South Korea, has secured an order worth $60 million to establish an extra high-voltage power grid in Bahrain. A 400-kilovolt-class power grid will be installed to supply electricity for a new substation that will be built on the western coastal region "Al Jasra." Taihan Cable said in a statement on September 22 that the company made a foray into the Bahraini market through an order by the E
September 22, 2023 -
Hyundai E&C plans to open new branch in Warsaw to expand small modular reactor business
SEOUL -- South Korea's major builder Hyundai Engineering and Construction plans to open a new branch in Poland to provide small modular reactors that are smaller and safer than conventional nuclear reactors. Through the new office in Warsaw, the company would expand its nuclear reactor business to other European countries including Lithuania, Romania, and Slovakia. Small modular reactors (SMRs) have been studied to offer solutions to the challenges associated with traditional l
September 18, 2023 -
CJ Logistics to build inland container depot in Ukraine's northwestern region
SEOUL -- South Korea's major logistics company CJ Logistics has partnered with JJ Group, an investment firm in Ukraine, to build an inland container depot with a total capacity of five million tons of cargo in Ukraine's northwestern city of Lutsk. The facility will be used to supply food resources such as grain and cooking oil to Ukrainians. Inland container depots, also known as dry ports, are mainly located in industrial zones that connect ports and inland transportation such
September 18, 2023 -
HMM works with oil refiner GS Caltex to demonstrate bio fuel-based container ship
SEOUL -- HMM, the world's eighth-largest marine shipping company controlled by creditors in South Korea, will demonstrate the country's first biofuel-based container ship powered by GS Caltex, a main domestic oil refiner. After departing from South Korea's southern port city of Busan, HMM's ship will head to Brazil. Biofuel is produced using plant-based or animal-based oil such as cooking oil from fast food restaurants or palm oil. Biodiesel, one of the most widely reco
September 15, 2023 -
LG Chem partners with Italy's Eni SM to build hydrotreated vegetable oil plant
SEOUL -- LG Chem will work with Eni SM, a state-run energy company in Italy, to build a factory that produces hydrotreated vegetable oil, a bio-based fuel that can be made through the process of either hydrocracking or hydrogenation of vegetable oil. Because the eco-friendly fuel has an extremely low freezing point, it can be used as automobile or aviation fuels. Hydrotreated vegetable oil (HVO) is made through either hydrocracking or hydrogenation of vegetable oil. Hydrocracking
September 14, 2023 -
Business forum held in Seoul to improve supply chain cooperation between S. Korea and China
SEOUL -- At a business forum designed to enhance supply chain infrastructure between South Korea and China, scholars from the two nations presented cooperation plans in various fields including semiconductors, secondary batteries, and biopharmaceuticals. The event, hosted by China Construction Bank, was attended by the Chinese Ambassador to South Korea. Data released by South Korea's trade ministry showed that a total of 126 companies returned home between 2014 and 2022 after expan
September 14, 2023 -
Pulmuone develops robot chef capable of cooking noodle menus
SEOUL -- South Korean food product maker Pulmuone has developed a vending machine that can cook refrigerated dishes in about 90 seconds. The robot chef can provide instant noodle dishes including noodle soup with beef and broth, and Jjambbong, a spicy seafood noodle soup with various ingredients such as onions and garlic. Pulmuone said in a statement that the instant food cooking machine called "Robot Chef" was developed. Currently, three types of noodle dishes are available
September 12, 2023
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Global tech firms to present smart manufacturing solutions at 'Smart Factory + Automation World' in Seoul
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Occult thriller film 'Exhuma' attracts more than 10 mln moviegoers in 35 days of release
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Education company Visang provides smart Korean language learning platform 'Klass' to Vietnamese universities
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LS Cable embarks on construction of plant for new copper foil material
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Seoul's bus labor union launches strike for first time in 12 years
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Turkish automotive association seeks partnership with S. Korean companies
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US political turmoil reflects our wider society – in 2024 and earlier elections
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S. Korean mobility solution company targets historical city as gateway to Viet Nam
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Avikus validates fuel-saving effect of self-sailing solution 'HiNAS Control'
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Life expectancy in South Korea decreases for first time since 2000