Samsung SDI’s long-held “premium strategy” with high pricing is expected to face a daunting test in its renewed competition with rivals amid ever-evolving market trends. Until 2020, bringing down the price through scale and manufacturing more powerful batteries were of the utmost priority. However, as the competition heats up with the entry of new players, securing stable profits through partnerships with automakers has emerged as the key trend, which Samsung SDI is refusin

Almost 90 percent of South Korean companies are unprepared for supply chain risks even though they are aware that those risks will continue this year. According to a survey by the Korea Chamber of Commerce and Industry published on Sunday, among 300 companies that import raw materials, only 9.4 percent said they have prepared specific measures to respond to potential supply chain constraints, while 89.1 of them responded they have yet to come up with clear plans. Of the companies that said

The Asia Culture Center’s international joint creation and production “After War” is to run at the ACC Theater from Jan. 27-30. With an attempt to study and promote the Asian characteristics of performing arts, the ACC international joint creation and production seeks to provide opportunities for performing artists and producers across the world to come together for exchange and research. “After War,” inspired by Bao Ninh’s “The Sorrow of War,”

Public broadcaster KBS announced a pause to its historical epic drama series “The King of Tears, Lee Bang-won” for two weeks, amid allegations of animal abuse. The broadcasting schedule for the embroiled drama was replaced with world news program “World Report” and the talk show “Let’s Jeongchi 2,” which were originally scheduled after “The King of Tears, Lee Bang-won” on Saturday and Sunday, respectively. “Due to the ongoing controv

As the presidential election draws nearer, minor opposition candidates Ahn Cheol-soo and Sim Sang-jung are dishing out criticism against major candidates Lee Jae-myung and Yoon Suk-yeol, in apparent efforts to bring up their own support ratings. In a meeting with his supporters Saturday, Ahn Cheol-soo, the candidate for the People’s Party, criticized the phone call scandals related to Lee and Yoon in an effort to stress his lack of a “family risk.” “(This election) i

5-member dance crew says high school girls’ competition paved way for new leap

SillaJen, Kolon TissueGene on the verge of being delisted from Kosdaq

Cases exceed 7,000 for two days in row, with omicron taking up around half

 Chiefs of South Korea’s Woori Bank and Shinhan Bank vowed to pursue customer-centric changes as a key goal for this year, the firms said Sunday. Woori Bank CEO Kwon Kwang-seok asked his employees to cooperate with the firm’s transition into a “customer-centric financial platform,” at a business strategy meeting held on both Zoom and via the metaverse. “The timeless solution toward success for businesses has always been the customers,” Kwon said at the

Last year was the second hottest year for South Korea on record as climate change continued to drive up global temperatures, the national weather agency said Sunday. A report from the Korea Meteorological Administration said South Korea’s average temperature for 2021 reached 13.3 degrees Celsius, becoming the second-hottest year since data were compiled from 1973. The record follows 13.4 degrees reached in 2016. By region, last year was the hottest year on record for Seoul, Incheon, Gye

Polls offer hope, but concerns remain

Three members of K-pop boy band iKON have tested positive for the coronavirus, their agency said Sunday. Kim Jin-hwan, Song Yun-heong and Kim Dong-hyuk were confirmed to have been infected with COVID-19 after showing cold symptoms the previous day, according to YG Entertainment. The other three members -- Bobby, Koo Jun-hoe and Jung Chan-woo -- have tested negative, it added. "We will fully cooperate with the health authorities' investigation and take all measures to prevent the spread o

South Korea's air traffic rose nearly 11 percent last year on increased domestic flights but international travel continued to falter amid the pandemic, data showed Sunday. Over 465,000 domestic and international flights flew over South Korea last year, up 10.8 percent from a year earlier, according to data from the Ministry of Land, Infrastructure and Transport. Air traffic in the country had gradually increased in recent years from around 739,000 in 2016 to 842,000 in 2019 before dipping sha

South Korean exports of red pepper paste soared nearly 63 percent in the past four years thanks to the global popularity of Korean pop culture, data showed Sunday. Overseas shipments of red pepper paste, called "gochujang" in Korean, came to $50.93 million in 2020, up 62.6 percent compared with 2016 and 35.2 percent from 2019, according to the data from Korea Agro-Fisheries & Food Trade Corp. and the agriculture ministry. Exports of red pepper paste seem to have soared in recent

Exports by companies in South Korea's free trade zones grew 89.6 percent on-year to hit an all-time high last year, the industry ministry said Sunday. Outbound shipments came to $10.94 billion, surpassing the $10 billion mark for the first time ever, according to the data from the Ministry of Trade, Industry and Energy. The growth is attributable to strong demand for electric and electronic goods, automotive chips, semiconductor-related products and COVID-19 items amid a global economic recove