Latest news
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POSCO adopts AI-based carbon emission monitoring solution 'OceanWise'
SEOUL -- South Korea's leading steel group POSCO has adopted "OceanWise," an artificial intelligence-based carbon emission monitoring solution created by HD Hyundai. The solution will be used to check the energy efficiency of POSCO's bulk carriers designed to deliver raw materials such as iron ore and coal to foreign countries. OceanWise also integrates big data and digital twin technology. A digital twin, which is a virtual clone of an object or an infrastructur
February 1, 2024 -
About 18% percent of S. Korean restaurant and accommodation businesses use online reservation platforms
SEOUL -- About 18 percent of South Korean restaurant and accommodation operators used online order and reservation platforms to attract more customers in 2023, data released by the national statistics office showed. Online food delivery and hotel reservation app services became popular in the country during the last decade thanks to the wide distribution of smartphones. According to a survey of 1,001 South Korean adults randomly contacted through their phone numbers, conducted by
February 1, 2024 -
Naver provides Arabic translation through AI translation platform 'Papago'
SEOUL -- Papago, an artificial intelligence-based translation service created by South Korea's web service giant Naver, has incorporated Arabic in its range of supported languages. The web portal operator aims to upgrade its global capacity by adding one of the six most spoken languages in the world. Papago now provides automatic text translation services in 16 languages, including Korean, English, Chinese, Japanese, Spanish, and French. Users can also record their voices in t
February 1, 2024 -
Indonesian Embassy in Seoul to improve cultural ties with S. Korea through traditional music event
SEOUL -- The Indonesian embassy in Seoul is seeking to improve cultural ties with South Korea through music events. The embassy aims to host a special music event featuring a collaboration between Gamelan, traditional Indonesian ensemble music, and Korea's traditional musical instrument Gayageum. Gamelan is a traditional ensemble music or the instruments used in the ensemble. It is mainly played with percussion instruments such as metallophones and drums. Gamelan is deeply roote
February 1, 2024 -
Domestic sales of eco-friendly vehicles increase 24.3% on-year in 2023
SEOUL -- South Korea's domestic sales of eco-friendly vehicles including electric vehicles, hybrid vehicles, and hydrogen fuel cell vehicles, stood at 558,112 units in 2023, up 24.3 percent year-on-year. It was the first time the country saw annual sales of environmentally-friendly vehicles exceed 500,000 units. South Korea's transport ministry data shows that there are 25.94 million registered vehicles as of December 2023, 2.12 million vehicles are eco-friendly cars -- hy
February 1, 2024 -
Average of $235 required to prepare for Confucian rite during Lunar New Year holiday: market data
SEOUL -- South Koreans would have to spend an average of 380,000 won ($235) to prepare for "Charye," a Confucian ritual of preparing tables full of food dishes for deceased ancestors, during the Lunar New Year holiday. The cost of the ritual has consistently been increasing every year due to inflation. On Seollal, the traditional Korean holiday for Lunar New Year Day, and Chuseok, the traditional Korean autumn harvest thanksgiving holiday, non-Christian families traditio
January 31, 2024 -
POSCO International partners with UAE's state oil producer for blue hydrogen business
SEOUL -- POSCO International, a trading arm of South Korea's steel group POSCO, will work with an Abu Dhabi-based state oil company to push for blue hydrogen business. After creating a blue hydrogen infrastructure, POSCO International will supply the clean energy source to POSCO's steel plant in South Korea’s southern industrial city of Gwangyang starting in 2029. Blue hydrogen is favored by industries because of its reasonable production cost compared to green hydro
January 31, 2024 -
Samsung Electronics records operating profit of $2.1 bln in 4Q 2023, down 34.4% year-on-year
SEOUL -- Amid the sluggish global semiconductor market, Samsung Electronics saw its sales and operating profit decrease in the fourth quarter of 2023. The tech giant's operating profit of about 2.8 trillion won ($2.1 billion) in 4Q 2023, down 34.4 percent from the same period a year ago. The conglomerate announced its financial report on January 31 and said that Samsung recorded 67.78 trillion won in sales and an operating profit of 2.82 trillion won. The sales also indicate a
January 31, 2024 -
Number of S. Korean children aged less than 18 to go below 7 mln in 2024
SEOUL -- The pace of South Korea's depopulation driven by the low fertility rate is accelerating, with the number of children under the age of 18 expected to dip below seven million in 2024. The number of children has decreased by more than two million over the last decade. Recent data from South Korea's National Assembly Budget Office (NABO) reveals a projected 49.6 percent decrease in the population of young people aged 0 to 14 by 2040, dropping to approximately 3.18 mil
January 31, 2024 -
[INTERVIEW] Peruvian envoy aspires to upgrade bilateral relations with S. Korea through APEC events
SEOUL -- The bilateral relationship between South Korea and Peru, established in 1963, significantly advanced in 2011 when the two countries' Free Trade Agreement took effect. South Korea, which was Peru's 11th largest trade partner in 2010, climbed to the fifth position in 2021. Peru aims to expand cooperation with South Korea through Asia-Pacific Economic Cooperation, an economic forum currently chaired by Peru and slated for South Korea's leadership in 2024. Asia-Pa
January 31, 2024
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Yoon, opposition leader sit down for talks for first time
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Price of Korean seaweed skyrockets amid growing demand overseas
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Dongwon F&B, Konkuk University join hands to develop safe pet food
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Korea sees 22% surge in moonlighting workers during 1st quarter
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Korea Western Power secures electricity supply deal in UAE
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Seoul unveils new slogan for iconic landmark 'Dongdaemun Design Plaza'
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VIDEO: Dongdaemun Design Plaza celebrates 10th anniversary
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Korean e-commerce firms vying to lure customers quitting Coupang over fee hike
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N. Korean leader inspects test-firing of new multiple rocket launcher shell
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Korean football team fails to qualify for Olympics for first time in 40 years