GM Korea Co., the South Korean unit of General Motors Co., said Thursday that it will suspend one of its three plants for two weeks early next month due to a chip shortage.    GM Korea said it will suspend its No. 1 plant in Incheon, 40 kilometers west of Seoul, which produces the Trailblazer SUV, from Oct. 1-15.    The carmaker has been operating only half of the No. 1 Bupyeong plant this month due to a shortage of chip parts.    The operation of the No. 2 Bup

Korea Research Institute of Chemical Technology announced Thursday that a domestically developed HIV medicine has recently received regulatory approval for commercialization in China. This new medicine was first developed by a local research team as part of a project started in 1995, supported by the Ministry of Science and ICT. In 2006, US pharmaceutical firm Gilead Sciences joined the project and co-developed a treatment candidate in 2008. The technology was sold to local biotech firm Kain

South Korean public financing institutions have played down the impact of liquefied natural gas on climate change, according to climate activist group Solutions for Our Climate on Thursday. Greenhouse gases are being emitted throughout the liquefied natural gas supply chain -- from extraction to liquefaction, transportation, regasification and consumption -- said the climate activists during an event held in Seoul. “The threat of greenhouse gas emission from the liquefied natural

A Chinese game featuring a female character dressed in traditional Korean costume hanbok has sparked controversy over plagiarism and intellectual property theft in South Korea.  According to industry sources Thursday, Blooming Moonlight, a game serviced in Korea by Chinese game developer Zishi Technology, showcases a character wearing a hanbok outfit with the exact same design as that of Baekoaksoo, a renowned Seoul-based hanbok company, which previously designed the outfits featured in th

Internal government report suggests cost-benefit trade-offs unclear for children

The Korean operator of Dunkin’ Donuts, BR Korea, issued an official apology Thursday saying it will “thoroughly abide by sanitary standards,” following a video showing donuts baked in unsanitary conditions. South Korea’s public broadcaster KBS aired on Wednesday a video taken by an anonymous worker this summer showing the inside of the firm’s donut factory in Anyang, Gyeonggi Province. The footage shows dough stained with orange droplets that are presumed to ha

LG Electronics said Thursday that it has been supporting a Russian museum’s project to conserve Vincent Van Gogh‘s masterpiece “The Red Vineyard in Arles.” The company has been providing financial support, as well as equipment, to the Pushkin State Museum of Fine Arts in Moscow for the project which began in August. “The Red Vineyard in Arles” is a work from Van Gogh’s stay in Arles in 1888 and 1889, one of the painter’s most prolific periods.

Drugmaker Chong Kun Dang said Thursday that it has received an approval from the Ministry of Health of Ukraine to conduct a phase 3 clinical trial of their COVID-19 treatment candidate, Nafabeltan. Ukraine is the first foreign country to authorize the final-stage trial of the South Korean pharmaceutical company’s self-developed COVID-19 treatment. In Korea, Chong Kun Dang received an approval from the Ministry of Food and Drug Safety in April. Ukraine is one of the seven foreign count

The Bank of Korea (BOK) said Thursday its net selling and buying of the US dollar remained on par in the second quarter as part of its efforts to help ease fluctuations in the local currency market. In the first quarter, the BOK sold a net $103 million to stabilize the Korean currency's movement, compared with a net purchase of $11.5 billion three months earlier. The central bank began releasing such data in March 2019 to help boost the transparency of its market stabilization steps. A BOK offic