South Korea's dominant internet portal operator Naver Corp. on Thursday introduced a new personalized search service dubbed AiR Search. The service, powered by Naver's artificial intelligence (AI) technology, will provide results in block units that reflect current trends and individual interests. "AiR Search will be the beginning of a big change representing Naver's new search, as much as the 'integrated search' which has so far been the most differentiated feature," Kim Sang-Bum, d

Retail sales in South Korea surged 8.2 percent in September from a year earlier, data showed Thursday, as consumers turned to "revenge shopping" amid the prolonged virus pandemic. The combined sales of 25 major offline and online retailers reached 13.2 trillion won ($11.26 billion) last month, compared with 11.9 trillion won a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy. Sales from offline stores rose 3.3 percent on-year in September, wi

SK Innovation Co., a South Korean battery maker, said Thursday it will develop and produce all-solid-state batteries with a US firm, in a bid to expand its foothold in the next-generation battery market. Under the joint venture deal with Solid Power, a Colorado-based solid-state battery developer, SK Innovation will invest $30 million to acquire a stake in the American company and work with the startup to produce all-solid-state batteries with a target energy density of 930 watt hours per liter

North Korea rebuked the United States and other western nations Thursday for having double standards on human rights and racism, taking issue with their absence from a recent symbolic UN meeting. In a note posted on the foreign ministry's website, North Korea criticized the US, Britain and others for not taking part in a high-level meeting at the UN General Assembly last month to commemorate the 20th anniversary of the Durban Declaration and Programme of Action that calls for racial justice.

South Korea's antitrust chief has vowed to intensify a probe into unfair business practices in the travel sector amid a looming recovery in travel demand as the country prepares to return to normalcy. South Korea plans to ease long-enforced restrictions on gatherings and business operations with its shift to the "living with COVID-19" scheme on Nov. 1 meant to gradually restore daily life back to the pre-pandemic days. The move could stimulate pent-up demand for travel, spawning conc

Major South Korean insurer Hanwha Life Insurance Co. said Thursday its third-quarter net profit rose more than 1.5 times from a year earlier despite the coronavirus pandemic. Consolidated net income came to 378.9 billion won ($323.1 million) in the July-September period, up 154.5 percent from a year earlier, the company said in a regulatory filing. Operating income climbed nearly 21 percent on-year to 250.3 billion won, with sales soaring 33 percent to 7.51 trillion won. Hanwha Life Insurance

South Korea has found more than two dozen bone fragments presumed to be from troops killed in the 1950-53 Korean War during recent excavation work in a former battle site, the defense ministry said Thursday. The military has discovered 26 bone pieces and 5,132 articles, including combat gear, in the White Horse Ridge, the site inside the Demilitarized Zone (DMZ) separating the two Koreas. Many of them are thought to be from fallen South Korean troops, the ministry said. In September, the minis

S-Oil Corp., South Korea's No. 3 oil refiner, said Thursday its net income surged by elevenfold in the third quarter from a year earlier, driven by strong sales of petrochemical and lube base oil products. Net income came to 334.5 billion won ($285 million) in the July-September period, compared with 30.3 billion won a year earlier, the company said in a regulatory filing. Operating profit reached 549.4 billion won, swinging to black from an operating loss of 9.2 billion won the previous year.

South Korea's military reported four additional COVID-19 cases Thursday, bringing the total caseload among its personnel to 2,023, the defense ministry said. A Navy officer stationed in Jinhae, 410 kilometers south of Seoul, tested positive after a family member was infected, according to the ministry. Three Army draftees were also infected. Of the cumulative cases in the military, 1,966, or 97 percent, have been fully cured, with 57 still under treatment. (Yonhap)

South Korean stocks opened slightly higher Thursday on advances in tech shares, which fueled hopes of a strong earnings report season. The benchmark Korea Composite Stock Price Index (Kospi) added 5.68 points, or 0.19 percent, to 3,031.17 in the first 15 minutes of trading. Stocks opened nearly flat amid the tussle between the expectations of strong quarterly gains and concerns over rising price pressure. Overnight, the Dow Jones Industrial Average lost 0.74 percent and the tech-heavy Nasdaq

　Samsung Electronics topped the World’s Best Employers list for the second straight year, according to US business magazine Forbes. 　American tech giant IBM ranked second, followed by Microsoft, Amazon and Apple. 　South Korean cosmetics giant Amorepacific and LG came in 31st and 43rd, respectively. 　Forbes announced the rankings after surveying 150,000 full-time and part-time workers from 58 countries working for multinational companies and institutions.

The Constitutional Court was set to rule Thursday on whether to accept the National Assembly's impeachment of a judge, now retired, accused of meddling in politically sensitive trials chaired by other judges during the previous administration. The National Assembly voted on Feb. 4 to impeach Lim Seong-geun, then a judge at the Busan High Court, for allegedly meddling in several sensitive cases in the past, most notably a libel case filed by the former Park Geun-hye government against a Japanese

North Korea has completed building 1,000 more houses in the northwestern city of Samjiyon near the border with China, state media reported Thursday, as part of a major development project under way at the birthplace of leader Kim Jong-un's late father. "Shock brigade" members of the 216 Division "made the shining achievements of concluding the construction of all the dwelling houses they were tasked to fulfill," according to the North's official Korean Central News Agency (K

South Korea's new daily coronavirus cases surged to more than 2,100 on Thursday, as the virus spread is gaining ground amid efforts to ease the distancing rules and return to normalcy. The country added 2,111 fresh COVID-19 cases, including 2,095 local infections, raising the total caseload to 358,412, the Korea Disease Control and Prevention Agency (KDCA) said. It is the first time in 20 days that the daily caseload has surpassed the 2,000 mark. The daily count was 1,952 the previous day, 1,