Tech firm offers patented incentive system to reward customers with hefty cashback

South Korea has for the last nearly three decades seen a rise in the number of self-employed individuals who have been forced to start their own businesses due to layoffs and reduced employment opportunities. With the number of job losses outpacing the number of new hires in recent data, a general increase in involuntary early retirements and the rapid rise of the digital gig economy since the COVID-19 pandemic outbreak, many people here have added side jobs or are working multiple freelance job

Daewoo Engineering & Construction announced Wednesday that it hosted the Czechia-Korea Nuclear Engineering & Construction Forum in Prague on Monday, with the aim to secure a new nuclear power plant project in the Czech Republic. The forum saw around 150 attendees, including Czech government officials, local nuclear industry representatives and media personnel. Daewoo E&C President Baek Jung-wan led the sales efforts by signing MOUs with local companies during the event. Daewoo E&

SK Telecom said Wednesday the official launch and promotion of its artificial intelligence-based veterinary diagnostic service, X Caliber, in Australia. The company has been gearing up for global commercialization since partnering with Australia’s largest medical devices provider, ATX Medical Solutions, last year. The service, already used in South Korea, aims to streamline the diagnostic process in veterinary clinics by providing autonomous diagnostic assistance. This marks the first inte

INCHEON -- Amid continuous growth in global aviation demand, the Incheon International Airport Corporation unveiled the fourth-phase construction project at the Incheon Airport's Terminal 2 on Tuesday, which can accommodate up to 106 million passengers annually. If successful, the plan will position Incheon Airport among the world's top three in passenger capacity, after Dubai and Istanbul. Initiated in 2017, the project is in its final stage and will begin operation by the end of th

Samsung Electronics Co. said Tuesday that it has agreed to set up a joint venture with a leading provider of climate solutions for a heating, ventilation and air-conditioning and refrigeration business in the United States and Canada. According to Samsung, the newly established JV, named Samsung Lennox HVAC North America, will sell ductless AC and heat pump products in the US and Canada. The JV is 50.1 percent owned by Samsung, with the remaining stake being held by Lennox. However, Samsung did

South Korea widened the range of drinks that restaurants can sell by the glass Tuesday, as drinkers increasingly prefer to consume alcohol in smaller amounts, rather than by the bottle, according to government officials. Previously, restaurants were restricted from selling most types of alcoholic beverages in individual glasses because this practice was deemed unauthorized processing by law. Although violations such as eateries selling wine by the glass were common, restaurants that broke these

S. Korea's conglomerate heads seek to seize more opportunities in UAE's defense, construction, cultural content sectors

Korean Air employees and villagers plant a tree in Baganuur, a district in Ulaanbaatar, Mongolia, on Tuesday as part of the Korean air carrier’s forest restoration campaign. The campaign started in 2004 to restore the Mongolian district from coal dust blowing from the country’s largest open-pit coal mine. So far, some 125,300 trees, including poplar trees, sea buckthorns and Siberian elms, have been planted. (Lee Sang-sup/The Korea Herald)

Manfred Harrer to lead new tech team for Genesis, N brands

Hanwha Group's two defense units -- Hanwha Ocean and Hanwha Aerospace -- said Tuesday that they would be showcasing their latest marine and ground weapon systems at this week's CANSEC, Canada's largest defense and security trade show. Held annually in Ottawa, CANSEC features over 280 companies and representatives from 50 countries. This year's event runs from Wednesday to Thursday, and will be the first in which Hanwha Group has taken part. Hanwha Ocean will present the KSS-I

South Korea's privacy watchdog has denied claims from a news report suggesting the agency is specifically investigating Tesla for potential privacy violations related to the carmaker's Autopilot system. The Personal Information Protection Commission clarified that its current efforts are part of a broader privacy policy initiative that involves all smart cars and self-driving mobility systems, not just Tesla’s Autopilot. On Tuesday, a local daily reported that the Personal Information Prot

SK Inc. C&C, an IT solutions unit of SK Group, said Tuesday that it inked a memorandum of understanding to jointly develop plant machines tailored for secondary battery manufacturing with Hana Technology, a local equipment maker, eyeing exports to North America and Europe. Hana’s key equipment will be supplied to be transformed by using SK’s digital factory operation know-how and other advanced technologies like artificial intelligence and big data. The machines will be capable o

LG Electronics’ new “Optimism your feed” campaign video is played on a signage screen at Times Square in New York. The tech giant said Tuesday it has teamed up with online influencers to spread the power of optimism among young social network service users. The campaign is part of LG’s new brand identity “Life’s Good.” (LG Electronics)

Asiana Airlines crew members pose for a photo with knitted accessories that will be sent to children in developing countries on Tuesday. After years of pandemic disruptions, the nation's second-largest air carrier has recently resumed its inflight knitting campaign, in which passengers can make knitted mufflers and hats to be donated to children in need. (Asiana Airlines)