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US probes whether Tesla Autopilot recall did enough to make sure drivers pay attention
EU toughens safety rules for online retailer Shein
S. Korea, Japan could consider simplified entry agreement: Seoul official
New chief named to anti-corruption body
[Herald Interview] Noam Segal of Guggenheim Museum pushes for technology-based art with LG
Hybe refutes Ador CEO Min's denial of breach of trust
Experts raise concerns about Japan putting pressure on Naver over Line
South Korea to launch space security center under spy agency
Korea’s top finance firms put aside W1.7tr for Hong Kong-tied ELS compensation
First-ever meeting of president, opposition chief set to finally happen
[Today’s K-pop] NewJeans' single teasers release amid intrigue
More med professors to take day off each week while govt. urges them to stay
Seoul shares rise 1% on tech, financial gains despite overnight US losses
Jeju Air opts out of Asiana Airlines' cargo division bid
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
Legoland Korea Resort to open until 9 p.m.
Posco Future M, Honda to launch battery materials venture in Canada
NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
BTS’ RM to release second solo album in May
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Industry
Technology
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Retail
Samsung Biologics Q1 earnings hit all-time high
Industry
Apr 24, 2024
Samsung Biologics, a leading contract development and manufacturing organization, announced Wednesday that the company’s earnings in the first quarter this year hit an all-time high. In the January-March period, Samsung Biologics’ sales increased by 31.3 percent on-year to 946.9 billion won ($690 million) from the previous year’s 720.9 billion won. Its operating profit also reached 221.3 billion won, up 15 percent on-year. “The operation of the fourth plant has largely co
SK Leaveo to produce biodegradable wet wipes
Industry
Apr 24, 2024
SK Leaveo, a subsidiary of South Korean chemical giant SKC specializing in biodegradable materials, has formed a partnership with paper product manufacturer KleanNara to create a new line of biodegradable hygiene products, starting with eco-friendly wet wipes. Under a newly signed agreement on Wednesday, SK Leaveo and KleanNara will focus on producing hygiene products that are not only sustainable but also practical for everyday use. The collaboration aims to harness new materials such as poly
Orion's Turtle Chips sales soar in US
Industry
Apr 24, 2024
The popularity of the Orion brand's Turtle Chips continued to grow in the US last year, boosting its annual sales to around 12 billion won ($8.8 million). Orion, a South Korean confectionery and snack manufacturer, is supplying the chips at the snack bars of major firms such as Google and Netflix, the company said Wednesday. According to Orion, the annual sales of Turtle Chips in the US reached 12 billion, around 200 times higher than the figure in 2017 when the company first launched the s
Korea’s homegrown nanosatellite successfully launches into space
Technology
Apr 24, 2024
Science Ministry confirms two-way communication with ground stations
Korean robot startup aims to transform human walking
Industry
Apr 24, 2024
South Korean robotics startup WIRobotics aims to transform the walking experience via its award-winning wearable robot WIM, made lighter and more convenient for everyday use, the company's chief said Wednesday. "We believe humans will be able to enhance walking and physical abilities with the assistance of the interactive robotics technology, and have thought wearable robots will be optimal," WIRobotics CEO and Chief Technology Officer Kim Yong-jae said at the press conference in
LG Energy Solution vows stern action to protect patent rights
Industry
Apr 24, 2024
LG Energy Solution announced new stringent policies Wednesday to address rampant patent infringements by what it describes as "patent free-riders." The nation's top battery maker plans to enforce its intellectual property through legal actions and promote equitable competition by contributing to a legitimate battery patent licensing market. This decision comes in response to an increasing number of companies -- both new entrants and established manufacturers -- exploiting LG Energ
Hanwha Life taps into global banking through fresh investment in India
Industry
Apr 24, 2024
Korean life insurer secures 40% stake in Jakarta-based Nobu Bank
[From the Scene] KG Mobility poised to take next leap
Transport
Apr 24, 2024
Korea's dark horse in SUVs looks to accelerate global expansion
Hyundai Mobis breaks ground for W170b Spain plant
Companies
Apr 24, 2024
Hyundai Mobis, the auto parts manufacturer under Hyundai Motor Group, said Wednesday it held a ground-breaking ceremony for its first factory in Western Europe, which will manufacture battery systems, particularly focusing on supplying the Volkswagen Group. The new factory in Navarre, Spain, will cover an area of 150,000 square meters, with a floor space of 50,000 square meters, and it will have the capacity to produce up to 360,000 battery system assemblies annually. In line with its goal to
Coway launches Berex massage bed with enhanced usability
Industry
Apr 24, 2024
South Korean home appliance maker Coway has launched a new massage bed, the Berex Reclining Massage Bed, as part of product diversification aimed at the nation's soaring massage chair market. The new product is the first of its kind to incorporate an automatic upper-body reclining function, specifically designed to ease the process of lying down and standing up -- a feature that addresses usability for the elderly and those with mobility challenges. The model does not require users to man
HD Hyundai teams up with Norway's Philly Shipyard for US footing
Companies
Apr 24, 2024
HD Hyundai Heavy Industries and Norway's Philly Shipyard signed a memorandum of understanding to collaborate on manufacturing, maintaining, repairing, and overhauling vessels and ships ordered by the US government, the South Korean shipbuilder said Wednesday. The signing ceremony was held at Philly's shipyard in Philadelphia, Pennsylvania, on April 12 -- with key officials from both companies in attendance, including Joo Won-ho, head of HD Hyundai Heavy Industries’ special ship b
Hyundai unveils versatile commercial EV platform
Transport
Apr 24, 2024
First ST1 cargo vehicles eye soaring e-commerce logistics market
KGC eyes broader customer base with Lim Young-woong
Industry
Apr 24, 2024
Korea Ginseng Corp., the leading manufacturer of ginseng products in the country, has launched a new promotional video featuring trot singer Lim Young-woong. Released on Wednesday, the video showcases a day in the life of Lim, from morning routines to exercise and singing practice. The video highlights the use of JungKwanJang, the company's premium red ginseng brand, portraying its products as essential for daily vitality. Lim, known for his victory in a popular singing competition, appeals
SC Bank Korea offers special rate for new customers
Companies
Apr 24, 2024
Standard Chartered Bank Korea said Tuesday it will offer special interest rates of up to 3.5 percent for as long as 60 days to first-time SC customers who deposit 30 million won ($21,800) or more, up to 2 billion won, in money market deposit accounts. Money market deposit accounts pay interest based on the daily account balance. The bigger the deposit, the higher the interest. The promotional rate is offered to first-time customers of SC Bank Korea who open accounts by April 30. The promotion wi
AmCham seminar explores Korea’s potential as regional business hub
Industry
Apr 24, 2024
The American Chamber of Commerce in Korea hosted the sixth Doing Business in Korea seminar on Tuesday to explore strategies for bolstering Korea’s competitiveness as a regional business hub in the Asia-Pacific region. This year’s event was held at a Seoul hotel, drawing participation from officials and policymakers from the Korean and US governments, as well as representatives from domestic and foreign companies. AmCham CEO James Kim stated in his opening remarks, "Given Korea&r
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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DP leader says he will meet Yoon without conditions
Second Gimpo civil servant found dead, after apologizing for not finishing work
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Over 9,000 hotline calls made by stalking victims in 2023
[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Monthly users on local streaming platforms outpace Netflix, Disney+
US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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