Midsized shipyard K Shipbuilding Co., formerly known as STX Offshore & Shipbuilding Co., said Wednesday it has signed a preliminary deal with Kongsberg Digital AS to cooperate on digital technologies for smart ships. Under the deal with the Norwegian company that has technologies for autonomous ships, K Shipbuilding will narrow the technology gap with large shipbuilders in the area of smart ships, the company said. K Shipbuilding also showed its autonomous navigation system called K-ADIS o

TOKYO -- A new memorial stone will be dedicated in Nagasaki, Japan, next month to thousands of Korean victims of a US atomic bombing of the city in 1945, its promoters said Wednesday. The monument will be unveiled on Nov. 6 in a ceremony in Nagasaki Peace Park, which commemorates the Aug. 9, 1945, nuclear explosion, according to the South Korean Consulate-General in Fukuoka and a group of ethnic Koreans steering the project. The plutonium bomb detonation is believed to have killed about 74,000

Despite industrywide efforts to promote sustainable corporate management through environmental, social and governance aspects, many South Korean companies appear to be struggling to integrate the values into their businesses, a survey suggested Wednesday. Only 123 companies, or 15 percent of all Kospi-listed firms, have established committees to deal with ESG issues, according to the survey conducted by CEO Score, a local corporate tracker. Most of the ESG management committees included chief

Pyongyang continues to beef up weapons capabilities despite repeated calls for dialogue from Seoul and Washington

  진행자: 간형우, Kevin Lee Selzer 1. Lack of Korean language skills not reason to deny child custody: Supreme Court 요약: 대법원 "한국어 능력 부족하다고 외국인 부모 양육권 뺏을 수 없어" [1] The Supreme Court on Sunday overturned a lower court’s ruling that a foreign woman who married a Korean man and later divorced could not have child custody due to a lack of Korean language communication skills. *overturn: 뒤집다, 엎다 *divorce: 이혼(하다) *child custody: 양육권 [2] According to the court, the two married in 20

With the Netflix hit “Squid Game” spurring interest in all things Korean, e-commerce giant Gmarket said it is offering discounts on various South Korean products for international consumers next month. The platform’s annual Mega G sales event will take place Nov. 1-12, as part of its year-end promotion Big Smile Day. A record-breaking number of Korean brands will participate in the discount event this year, the company said. Gmarket’s global shop is also becoming a h

As Korea anticipates ‘living with COVID,’ businesses are counting on pent-up demand

South Korean mobile payment app operator Kakao Pay embarked on a two-day book building process targeting institutional investors Wednesday, following delays due to local authorities’ requests. The result will determine at which price a share of Kakao Pay, the Ant Group-backed financial technology firm, would be offered, as well as the proceeds Kakao Pay will be able to attract through the initial public offering, ahead of its proposed market debut on Nov. 3. Korean analysts are valuing

Korean Air said Wednesday it would resume flights to Hawaii starting Nov. 3 while Hawaiian Airlines announced plans to expand flights on the route to four times a week. Korean Air’s operation on the route was suspended in April last year due to COVID-19. The Incheon-Honolulu KE053 flight will operate three days a week, departing from Incheon International Airport every Wednesday, Friday and Sunday night. The KE054 flight departing from Honolulu for Incheon will also operate on the same

As part of its long-term vision to shift to eco-friendly energy, Korea Gas Corp. plans to push ahead with four new businesses using liquefied natural gas. LNG is considered an eco-friendly fuel as it emits 100 percent less sulfur oxides and dust compared to existing fuels for ships, 20 percent less carbon dioxide and up to 99 percent less fine dust. As the International Maritime Organization limited the sulfur content of ships’ fuel oil to 0.5 percent, global demand for LNG-powered ships

Once the US Federal Reserve begins to pull back next year the stimulus they have provided during the pandemic, it could slow South Korea’s exports to emerging economies that are fiscally fragile, a state-run think tank has warned. A report by the Institute for International Trade under the Korea International Trade Association showed that the US “tapering” after global financial crises in the past increased uncertainties in emerging economies and affected Korea’s exports

Authorities again promise stern response despite falling short of vows before

A history foundation released a new song about South Korea's easternmost islets of Dokdo on Wednesday in an effort to enhance the world's understanding of the islets as part of Korean territory. The Northeast Asian History Foundation unveiled the song titled "Island" via its social media accounts and major domestic music services at noon along with the song's music video. The R&B pop number was written and composed by three artists -- DINT, T-lack and Hertz -- and sung by Lee So-

South Korea has confirmed 3,245 more cases of the highly transmissible Delta variant over the past week, health authorities said Wednesday. New delta variant cases accounted for all of new variant cases detected last week, according to the Korea Disease Control and Prevention Agency (KDCA). There are four different kinds of variants. The tally indicates the Delta variant is the dominant strain of the coronavirus in South Korea, making it more difficult for health authorities to curb the sprea

North Korea's recent missile test underscores the need for engaging the reclusive state and sanctions relief can be considered as part of incentives to bring it back to the negotiating table, Seoul's top diplomat said Wednesday. Foreign Minister Chung Eui-yong was speaking at a parliamentary audit session, hours after the North said it has successfully test-fired a new type of submarine-launched ballistic missile (SLBM) on Tuesday. "We should take some actions to prevent North Korea from