The Coca-Cola Company on Monday released its first label-free plastic bottles in South Korea. The company has removed the plastic label to increase recycling efficiency and adapt to the nonlabel trend in the industry to protect the environment. According to the company, they implemented a contour crafting design on Coca-Cola and Coca-Cola Zero plastic bottles. The history of the design goes all the way back to 1915, when the company patented the bottle designed with the curved shape and flow

LG Chem Ltd. on Monday reported its third-quarter net profit of 679.9 billion won ($581.9 million), up 19.2 percent from a year earlier. Operating profit for the July-September period was 726.6 billion won, down 19.6 percent from a year ago, the company said in a regulatory filing. Revenue rose 41.4 percent to 10.61 trillion won. The operating profit was 20.3 percent lower than the average estimate, according to the survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The e

South Korean telecom firm KT is introducing an interactive call assistant service backed by its artificial intelligence technology, the firm said Monday. During an online press conference, KT showcased how the AI assistant can help businesses respond to consumers’ calls past their business hours to receive orders or handle other requests. “The aim is to make the AI response system part of our life 24/7 by spreading it to business customers and public institutions,” said Ku Hy

The family of the late Samsung Group Chairman Lee Kun-hee marked the first anniversary of the tycoon’s passing in a small family gathering on Monday. Family members attended a memorial ceremony held at the family’s graveyard in Suwon, Gyeonggi Province, including the deceased’s son and current group chief Lee Jae-yong. After the ceremony, the junior Lee, who is the vice chairman of Samsung Electronics, headed to Samsung’s employee training center in nearby Yongin to o

Hamburgers and sandwiches may be served without lettuce for a while, as green vegetables are in short supply nationwide due to the unexpected October cold. Burger chain McDonald’s announced late last week that certain menu items will be served with “less or without any lettuce.” The company said the lettuce supply was “unstable” as a result of the sudden cold wave that hit the nation this month. “Orders that include lettuce will be compensated with a free

South Korea's leading media and entertainment company CJ ENM said Monday it is considering acquiring K-pop powerhouse SM Entertainment, but nothing has been decided yet. "In order to strengthen our music content business, we are mulling taking over a stake in SM Entertainment or seeking other operating synergies," said the company, a content creating unit of South Korea's food and entertainment conglomerate CJ Group, in a filing. "But nothing has been determined yet." Over

A declaration to formally end the Korean War is the most symbolic move that Seoul could take to show Pyongyang that neither Washington nor Seoul have a “hostile policy” toward the regime and revive the stalled denuclearization talks, South Korea‘s chief nuclear envoy said Monday. 　   　 Noh Kyu-duk, the special representative for Korean Peninsula peace and security affairs, made the remark at a forum organized by the Institute for National Security Strategy, a think tank a

US bank in its new exit plan vows job security, consumer convenience, but faces strong union backlash

Onlookers say Netflix’s ‘Squid Game’ reflects nation’s deepening economic inequality

Consumers are expected to spend more money during the year-end season this year amid growing excitement over the government’s gradual plan to live with COVID-19, a new survey has found. The survey, conducted on e-commerce platforms Gmarket and Auction earlier this month, showed consumers are willing to spend some 641,000 won ($546) on average during the platforms’ annual shopping event “Big Smile Day” – up nearly 200,000 won from one year ago. Among the respondent

Police in this southeastern port city have apprehended 27 sex trafficking suspects, including one identified as a court official, the local police agency said Monday. The suspects are accused of operating 95 prostitution establishments in Busan and adjacent areas of Ulsan and South Gyeongsang Province, mediating prostitution over 8,800 times and taking 700 million won (US$599,000) in profits from March last year to last month, according to the Busan Metropolitan Police Agency. Notably, a civil

An arrest warrant has been sought for a sitting prosecutor accused of conspiring with the main opposition party to investigate key ruling camp officials last year when Prosecutor-General Yoon Seok-youl, now a leading opposition presidential contender, was in office. The Corruption Investigation Office for High-ranking Officials (CIO) said it sought the warrant over the weekend for Son Jun-sung, who served at the Supreme Public Prosecutors Office last year, as he has not cooperated with the inve

Lee steps down as governor amid growing demand for special probe

Come January, life will come to more closely resemble the way it was before

The military said Monday that it would ease regulations on conscripts’ hair length and introduce the same standards for both officers and troops, amid calls for a change in discriminatory practices. “We were asked to review our rules on haircuts, and to that end, we instructed each branch of the armed forces to draft revisions. We can’t say when the change will take effect, though,” Defense Ministry spokesperson Boo Seung-chan said, referring to an advisory panel on huma