LG Energy Solution and global automaker Stellantis said Monday they will form a joint venture in the United States to target the fast-growing North American electric vehicle market. The partnership will break ground on a new EV battery manufacturing facility in the second quarter next year. Scheduled for commercial operation by the first quarter of 2024, the new factory is to churn out 40 gigawatt-hours of EV batteries annually. “The name and the location of the joint venture haven&rsq

A video starring soccer player Son Heung-min was released Monday, showing various tourism destinations inKorea. The Korean Tourism Organization and the Ministry of Culture, Sports and Tourism appointed the Tottenham Hotspur striker as an honorary culture ambassador in July, with a view to promote travel to Korea in Europe, where Son has numerous fans. Under the slogan of “This is my Korea. What’s yours?,” the 80-second video presents Korea with seven different keywords -- pas

South Korea’s Hana Bank on Monday said it has teamed up with the nation’s top automakers Hyundai Motor and Kia alongside fintech startup Finda to develop financial services and products tied to connected car technologies. A connected car refers to a car equipped with internet access, usually a wireless local area network. This allows the car to share internet access and data with other devices inside and outside the vehicle. Though details are currently in the works, Hana plans to

The gender ministry said Monday it will begin a pilot service this week that allows citizens to search where convicted sex offenders live using internet portal operator Naver Corp.'s map app. The pilot service, which uses the Naver map to display actual home addresses of sex offenders listed in the government's registry system (www.sexoffender.go.kr), will run from Tuesday to the end of this month before the official launch, according to the Ministry of Gender Equality and Family. The service

A top US military official called Monday for strong space cooperation with South Korea, stressing credible deterrence in the "contested" security domain comes from a robust partnership based on "mutual trust and shared values." Gen. Jay Raymond, the chief of Space Operations at the United Nations Space Force, made the call during a security forum in Seoul, as a Sino-US competition is intensifying with Beijing pushing to become a major space power. "A key part of credib

Land development scandal takes center stage in Gyeonggi Province audit

Some 247,000 sole proprietors have lost jobs amid prolonged social distancing regulations in the wake of the COVID-19 pandemic, data showed Monday. According to Yonhap News Agency’s analysis, 247,000 people who were self-employed in mid-September last year lost their jobs and fell into the category of the unemployed and economically inactive within the past 12 months. The report defines unemployed as those who are able and willing to work and who have been in search of a job but unable

Eyes Rivete on whether prosecution can secure decisive evidence

Seoul-based impact investment fund sees ‘tremendous’ opportunity in climate technology in 10 years, aims to build foreign deal pipelines

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it has signed a 416 billion-won ($350.4 million) deal to build two container carriers. Under the deal with a shipping company in the Marshall Islands, Hyundai Samho Heavy Industries Co. will build the vessels and deliver them by April 2024, the shipbuilding holding company said in a regulatory filing. KSOE, the subholding company of Hyundai Heavy Industries Holdings Co. (HHIH), has three shipbuilders -- Hyundai Heavy Industries

South Korean Air Force Chief of Staff Gen. Park In-ho met with a delegation of senior US military and defense officials in Seoul on Monday to discuss bilateral cooperation ahead of a biennial defense exhibition later this week, his office said. The talks with the US delegation, including Heidi H. Grant, director of the Defense Security Cooperation Agency, and DeAnna M. Burt, deputy commander of the Space Operations Command, came a day before the Seoul International Aerospace & Defense Exhib

SPC Group’s bakery chain Paris Baguette will enter Indonesia, opening its first franchise store in Jakarta next month, it said Monday. According to the South Korean food and bakery maker, it has has set up a joint venture with Indonesia’s Erajaya Group for the purpose. The joint entity will operate Paris Baguette bakeries in Indonesia. Following the November opening of the first store in the capital, more Paris Baguette stores will be added in major cities like Bali and Medan, SP

The 24th Seoul International Dance Festival is taking place through Nov. 14 at various venues around Seoul, featuring 77 dance works of diverse genres by choreographers and dance companies from 14 countries. The performances will be held both online and offline. The SIDance festival, organized by the Seoul Section of the UNESCO International Dance Council, kicked off Saturday with dance show “The Object,” presented by the Daegu Arts Center and Gyeonggi Arts Center. This year sees