Latest news
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BGF Retail seeks 'onlineization' of offline convenience stores to win competition
SEOUL -- South Korea's convenience store industry has diversified customer-friendly services to attract customers. They never close and get rooted deeper into everyday lives as a place to buy groceries, snacks, simple meal packages and non-food products. A COVID-19 pandemic has boosted sales at convenience stores as people shun crowded shopping malls. In a market crowded with tens of thousands of corner shops, BGF Retail, the operator of South Korea's major convenience sto
September 13, 2022 -
Guzzi allowed to go ahead with rare fashion event at S. Korea's royal palace in November
SEOUL -- Gucci, a high-end luxury fashion house in Italy, will not miss a rare opportunity to hold a fashion show at South Korea's tradition royal palace with the consent of a hesitant government agency charged with preserving cultural heritages and escaped falling victim to a public uproar triggered by Vogue Korea's photo shoot. The green light came from the Cultural Heritage Administration (CHA), which has scratched its head over whether to approve Gucci's Cosmogonie
September 8, 2022 -
Companies agree to study supplying 900 megawatts of renewable power for Malaysia's H2biscus energy project
SEOUL -- South Korean companies, including Samsung Engineering, and their Malaysian partners agreed to study the potential of supplying at least 900 megawatts of hydro-based renewable power for Malaysia's H2biscus energy project in Sarawak, a state located in northwest Borneo Island. Samsung Engineering, a construction and project management company in South Korea, said it has signed a memorandum of understanding with SEDC Energy, a subsidiary of Malaysia's Sarawak Economic
September 8, 2022 -
Baby Shark creator partners with digital IP platform operator IPX to showcase new content
SEOUL -- The Pinkfong Company, a South Korean educational entertainment company that created a catchy cartoon song called "Baby Shark," partnered with IPX, a digital IP platform known for a character brand, to target global markets, especially Southeast Asia and China, through collaborative content. Pinkfong's famous character Baby Shark will meet IPX's Line Friends in the new content. "We will present a different type of excitement through the collaboration
September 8, 2022 -
Hyundai auto group bolsters strategic alliance with KT to develop future mobility technologies
SEOUL -- Through a swap of shares worth about 750 billion won ($542 million), South Korea's Hyundai auto group bolstered its strategic alliance with KT, a top domestic telecom company, to develop future mobility technologies such as 6G autonomous driving and a satellite-based communication network for advanced air mobility. Urban air mobility (UAM) is an ecosystem involving flying passenger vehicles in urban areas. Advanced air mobility (AAM) builds upon the UAM concept by inco
September 8, 2022 -
Hanwha Solutions discloses fresh investment to strengthen solar cell material business
SEOUL -- Hanwha Solutions, a chemical and energy company affiliated with South Korea's Hanwha Group, disclosed a fresh injection of 760 billion won ($549 million) to strengthen its solar cell material business and secure a base for producing high-power solar core products. The new investment comes on the heels of fierce competition with Chinese companies. Through its new investment, Hanwha Group's total production capacity of ethylene vinyl acetate (EVA) will increase to 920
September 7, 2022 -
British electricity utility company National Grid to receive $34.17 mln worth of transformers from Hyundai Electric
SEOUL -- Hyundai Electric & Energy Systems, a domestic electrical equipment manufacturer and energy solution provider, has sealed an order worth 47.4 billion won ($34.17 million) to supply transformers to National Grid, a London-based electricity and gas utility company. The transformers will be installed at five substations starting in 2024. Hyundai Electric said Britain's demand for electricity has significantly increased due to an unprecedented heat wave. However, the co
September 7, 2022 -
Chile's SQM to receive Korea Eximbank's $100 million fund for stable lithium supply to S. Korean firms
SEOUL -- Korea Eximbank, an official export credit agency in South Korea, will provide a fund of $100 million to SQM, a Chilean supplier of plant nutrients, iodine, lithium and industrial chemicals, to help ensure a stable supply of lithium for domestic battery and cathode material makers. The fund including $55 million in loans and $45 million in guarantees will be used to invest in SQM's development of lithium mines in Australia and the renovation and expansion of production
September 7, 2022 -
Researchers prove efficacy of illite mineral extract for development of premium functional cosmetics
SEOUL -- Illite is a secondary mineral precipitate that occurs as an altered product of muscovite and feldspar in weathering and hydrothermal environments. South Korean researchers have proved the efficacy of an illite mineral extract that can be used for the development of premium functional cosmetics. There have been studies to utilize about 500 million tons of illite buried in Yeongdong, a county about 160 kilometers (99 miles) south of Seoul. However, illite has lacked scientifi
September 7, 2022 -
SK Group's lube-making wing to release carbon offset lubricant
SEOUL -- SK Lubricants, the lube-making wing of South Korea's SK Group, will release carbon-neutral lubricants that offset carbon emissions generated during production, transportation, consumption and disposal. This product calculates greenhouse gas emissions generated during the entire process and compensates by purchasing carbon emission rights from afforestation and other green projects that aim to reduce environmental pollution. SK Lubricants would purchase carbon emissi
September 7, 2022
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BTS leader RM to drop prerelease track from second solo album this week
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Commemorative event explores Tagore's legacy in Korea
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VISUALS: Indian philosopher Tagore's 163rd birth anniversary celebrated on Nami Island
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John Y. Lee, Korean War hero who interpreted for MacArthur, dies at 95
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'We support BTS, not HYBE'
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Hanwha Robotics, B-Robotics join hands on restaurant automation project
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BTS agency launches global audition for new boy band
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Spike in juvenile gambling raises concerns in Korea
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Harmful substances found in toys sold on Chinese e-commerce platforms
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Hyundai Rotem selected as preferred bidder for armored vehicle contract with Peru