Economy
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S. Korean cable firm replaces New York's outdated power grid using new technique
SEOUL -- South Korea's major power cable maker Taihan Cable & Solution has embarked on a groundbreaking project to replace New York's outdated power grid using an innovative cable-laying technique. This new method requires minimal space and equipment, making it particularly suitable for construction sites in bustling urban areas. In October 2023, Taihan secured a contract for the replacement of aging power cables linking New York's power grid with the John F. Kenne
March 4, 2024 -
Convenience store chain GS25 to roll out tomato pre-order sales to satisfy picky customers
SEOUL -- In a bid to satisfy picky customers, South Korea's major convenience store chain, GS25, is set to introduce a pre-order project for tomatoes. Under this initiative, the store chain's operator will accept orders from customers and deliver the fruits, cultivated in the southern port city of Busan, directly to their doorsteps. Additionally, any dissatisfied customers will receive a 100 percent refund. According to GS Retail, the operator of GS25, sales of fresh fruit
March 4, 2024 -
[MWC 24] KT partners with Amazon to co-develop generative AI and mobile services for enterprises
BARCELONA -- In a bid to compete with top global generative artificial intelligence service providers such as Google and OpenAI, South Korea's major telecom company KT has forged an alliance with Amazon Web Services, the cloud computing and internet server service wing of e-commerce giant Amazon. Generative AI is a type of AI that can create new content such as images, text, and music based on patterns it has studied through machine learning processes. Enterprises of all sizes
February 29, 2024 -
K-pop band aespa selected as global ambassador for Amore Pacific's hair cosmetic brand
SEOUL -- K-pop sensation aespa has been chosen as the global ambassador for Amore Pacific's hair cosmetic brand, Mise en Scene, in a strategic move to captivate Asian K-pop enthusiasts. Amore Pacific, South Korea's leading cosmetics manufacturer founded in 1945, has solidified its position as a pioneer in the beauty industry, offering a diverse range of skincare and haircare products catering to all age groups. Renowned for its collaboration with top celebrity brand amb
February 28, 2024 -
Pulmuone selected as most admired S. Korean food company
SEOUL -- South Korea's food company Pulmuone was picked as the most respected domestic food maker by the Korea Management Association Consulting (KMAC), a major consulting group. The company has received an award from the non-profit organization, which recognizes outstanding companies based on their innovation capacity, shareholder value, and consumer trust. Pulmuone secured the top position in the general food sector based on the KMAC's survey of 11,800 people conducted b
February 28, 2024 -
S. Korean battery maker Samsung SDI makes foray into Viet Nam's electric motorcycle market
SEOUL -- South Korea's battery manufacturer, Samsung SDI, has entered Viet Nam's electric motorcycle market, capitalizing on the country's transition towards clean-energy transportation. With over 65 million motorcycles registered and operational in Viet Nam as of 2022, the market presents significant opportunities for electric two-wheelers. Approximately 10 percent of newly registered motorcycles in Viet Nam are powered by battery packs, reflecting a growing trend tow
February 27, 2024 -
Online shopping mall Gmarket partners with counterpart Shoppy to expand products in Mongolia
SEOUL -- Popular ecommerce platform Gmarket has partnered with its Mongolian counterpart, Shoppy, to assist South Korean sellers in expanding their product reach. The Seoul-based online shopping mall operator aims to target consumers already familiar with South Korean products, following the successful entry of major South Korean convenience stores into the Mongolian market. The demand for South Korean products, especially food items like snacks and instant noodles, is high in Mon
February 26, 2024 -
S. Korean athleisure wear maker to open mega-sized 'pop-up store' in Japan to attract more offline customers
SEOUL -- Andar, a popular South Korean athleisure brand, will open a mega-sized, two-story pop-up store in an Osaka, Japan department store. The brand aims to attract more Japanese customers through offline experiences after gaining popularity on Japanese ecommerce platforms. Athleisure clothing gained popularity in South Korea over the last decade as people sought comfortable, versatile clothes for indoor training like Pilates and CrossFit. This trend, particularly favored by you
February 26, 2024 -
[MWC 24] 'MWC' becomes showcase venue for 2,400 global tech firms
BARCELONA -- Some 2,400 global companies will participate in the Mobile World Congress, an annual mobile device exhibition held in Barcelona from February 26 to February 29. With the theme titled "Future First," exhibitors will present artificial intelligence and other high-tech solutions during the four-day event visited by more than 90,000 people. The annual tech event, run by the mobile industry network Global System for Mobile Communications (GSMA), is one of the l
February 26, 2024 -
Online apparel giant Musinsa to kick-start incubator program for fashion designers
SEOUL -- South Korea's online apparel giant Musinsa will kick-start its incubation program for fashion designers who dream of launching their own startups and ventures. The online shopping mall operator has been nurturing young designers through a series of incubation programs including a mentoring system that connects veteran designers and those who just stepped into the professional world of fashion. Established in 2003 as a small online fashion community, Musinsa has since
February 26, 2024
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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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US political turmoil reflects our wider society – in 2024 and earlier elections
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Le Sserafim's "Easy" named on Billboard's top 200 popular albums chart for four consecutive weeks
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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
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Hanwha's cooperative robot wing showcases robot sommelier at 'Smart Factory + Automation World'
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Lotte Rental achieves 'Baa3' credit rating from Moody's