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IMF urges tighter Swiss regulation after UBS takeover of Credit Suisse
UK greenhouse gas emissions fell 5.4 percent in 2023: data
Yellow dust advisories issued for parts of S. Korea
Dutch government to launch plan to keep ASML in Netherlands
BTS' Suga begins boot camp training as social service agent
Seoul bus drivers' brief strike ends in 11 hours, after agreement reached on wages
Hanmi-OCI merger called off
Seoul shares down for 2nd day ahead of US inflation data
Korea’s CMO ramp-up lures biotech investors
783m people face chronic hunger. Yet the world wastes 19% of its food, UN says
Bang Kyung-man named as KT&G's new CEO
[Today’s K-pop] Le Sserafim to meet fans in May
Court upholds jail term for man who attempted to murder ex-girlfriend
J-Hope shares his dance journey through documentary series ‘Hope on the Street’
Immigrant woman stabbed to death by Korean husband
First female CEO takes helm at Kakao
[Herald Interview] Seeking redemption -- for church
Top Chinese envoy highlights synergy of bilateral cooperation in industries
FSS chief vows to boost Korea's attractiveness to investors
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5-minute recharge to drive 300 km: Battery firms eye faster turnaround
Transport
Mar 11, 2024
At the InterBattery 2024 conference hosted at Coex in southern Seoul last week, South Korea's prime battery companies -- LG Energy Solution, SK On and Samsung SDI -- collectively emphasized ultrafast charging as the critical breakthrough needed to shift the electric vehicle market from its early adopter phase to the mainstream. While the trio showcased distinct approaches to capturing the EV battery market, tech leaders from each company concurred during their keynote presentations at the c
LG to develop AI model to treat Alzheimer's, cancer
Industry
Mar 11, 2024
LG Group said Monday that its artificial intelligence research lab is teaming up with US biomedical institution Jackson Laboratory to develop AI models that can be used to treat Alzheimer's disease and cancer. The new partnership comes after the two entities signed a memorandum of understanding in December last year. Under the new contract, LG Group will use its AI model, EXAONE, to analyze Jackson Laboratory’s research data relating to different types of cancers and Alzheimer's
[Herald Interview] Indiana looks to expand Korean ties in chips, AI
Industry
Mar 11, 2024
Indiana official highlights local community, academic partners as alluring factors for foreign investment
Samsung to debut washer-dryer combo globally in Q2
Technology
Mar 11, 2024
Samsung Electronics said Monday it would launch its latest Bespoke AI Combo, a combined washer and dryer powered by artificial intelligence, in global markets in the next few months. "Shipments to the US have already started for their launch later this month," Lee Moo-hyung, executive vice president and head of the customer experience team of the digital appliances business at the company, said during a press briefing. “Their global launch, including in Southeast Asia, is slated
HD Hyundai partners with Naver to speed up digital transformation
Technology
Mar 11, 2024
Korean shipbuilder joins hands with tech giant to bolster cloud, AI businesses
[Herald Interview] Crypto.com eyes expansion into Korea
Industry
Mar 11, 2024
Singapore-based company upbeat about becoming first foreign crypto exchange operator here
Coupang expands overseas direct purchase service to Japan
Industry
Mar 11, 2024
South Korean e-commerce giant Coupang announced Monday that it will expand its Rocket Jikgu service coverage to Japan, following its fast-delivery service launches for the US, China and Hong Kong. The expansion of Rocket Jikgu, an overseas direct purchase service, will now allow the direct purchase in Korea of products from Japan. The Japanese overseas direct purchase market grew by 11 percent in 2023 compared to the previous year, with major categories including fashion, food and home goods, ac
Daesang launches new K-snack lineup for global palates
Industry
Mar 11, 2024
South Korean food company Daesang has unveiled its new Korean Street Food product line through its international brand, O'food. According to the company on Monday, the launch signals a strategic push to adapt and expand the company’s offerings to meet the growing global appetite for Korean cuisine. In recent years, O'food's Tteokbokki product has seen a remarkable 4.7-fold sales increase over the previous year, highlighted by strategic placements in major US supermarket chai
Doosan wins W150b supply deal for Saudi power plants
Industry
Mar 11, 2024
Doosan Enerbility, a leading energy solutions provider in South Korea, announced on Monday that it has signed a contract valued at 150 billion won ($114 million) to supply equipment for Saudi Arabia's largest combined-cycle power plant project. The agreement was reached with China’s SEPCO-3, responsible for the engineering, procurement and construction of the combined-cycle power plants in the Taiba and Qassim regions in the Saudi kingdom. Under the contract, Doosan Enerbility will su
[Herald Interview] Factorial Energy, Hyundai Motor step forward in EV battery development
Transport
Mar 10, 2024
Alex Yu, CTO of US battery developer, says competition encourages advancement of solid-state battery technology
EcoPro to inject W1.2tr in Pohang battery hub
Industry
Mar 10, 2024
South Korean battery materials maker EcoPro said Sunday it would invest 1.2 trillion won ($910 million) in its Pohang campus in North Gyeongsang Province this year to expand its comprehensive secondary battery supply chain, which covers everything from producing key components to recycling. The company plans to allocate 690 billion won to expanding its precursor plant, with additional funds directed toward increasing production of anode material at 32 billion won, lithium hydroxide production fa
LG, Qualcomm partner for EV battery monitoring
Transport
Mar 10, 2024
LG Energy Solution on Sunday announced a partnership with Qualcomm Technologies to develop an intelligent battery monitoring system for electric vehicles, aiming to simplify battery management for EV owners. This collaboration merges LG's expertise in battery management with Qualcomm's Snapdragon Digital Chassis platform, which is a comprehensive suite of automotive solutions including connectivity, digital cockpits and advanced driver assistance systems. The new battery management sys
Koreans lose appetite for fruits amid soaring prices
Industry
Mar 10, 2024
South Korea’s fruit consumption has diminished by almost 20 percent over the past 15 years amid supply shortages and soaring prices, government data found Sunday. According to the Ministry of Agriculture, Food and Rural Affairs, the nation’s per capita fruit consumption declined by 19 percent to 55 kilograms in 2022 after peaking at 67.9 kilograms in 2007. Tangerines and apples topped the per capita consumption with 11.8 kilograms and 11.0 kilograms, respectively, followed by pears (
Samsung’s H1 hiring season starts Monday
Industry
Mar 10, 2024
Samsung Group, South Korea’s top conglomerate, said Sunday that its official recruitment in the first half of this year will start Monday, with 19 affiliates joining the large-scale hiring of entry-level workers. The key affiliates include Samsung Electronics, Samsung Display, Samsung Biologics, Samsung SDS and Samsung SDI, Samsung C&T, Samsung Life Insurance and The Shilla Hotel. Applicants are required to submit their applications via Samsung’s official recruitment website from
SK Ecoplant, Austria’s Therme to develop luxury resort in Songdo
Industry
Mar 10, 2024
South Korean energy and environmental solutions provider SK Ecoplant announced Sunday that it has partnered with the global wellness company Therme Group to develop a resort and spa in Incheon, Gyeonggi Province. The collaboration was formalized with a memorandum of understanding signing ceremony at SK Ecoplant's headquarters in Seoul on Friday, attended by SK Ecoplant CEO Park Kyung-il and Therme Group Chair Robert Hanea. The Austria-based Therme Group, famous for its innovative wellness r
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