Around 20 CEOs of Samsung Electronics and its affiliates on Monday attended a lecture by the head of the presidential council on economic, social and labor affairs, according to the company. The South Korean tech giant invited Moon Sung-hyun, chairperson of the presidential Economic, Social and Labor Council, and arranged a special lecture for the leaders of affiliates, including Samsung Electronics Vice Chairman Kim Ki-nam, Samsung C&T CEO Lee Young-ho and Samsung Life Insurance CEO Jeon

Finding the right talent for the right company has become harder than ever before as the COVID-19 outbreak has dealt a heavy blow to the global economy and created a massive pool of jobs seekers at the worst possible gridlock. Deputy Prime Minister and Finance Minister Hong Nam-ki called the slump in job markets “grave” as the number of employed people in South Korea stood at 26.56 million in April, 476,000 fewer than a year ago, marking the biggest on-year decline since February

South Korean bicycles maker Samchuly Bicycle said Monday its sales of electric bicycles have surged as people are looking for new ways to travel amid the coronavirus outbreak. According to the company, its sales of electric bicycles have surged 34 percent on-year in the first quarter as they can serve as an alternative to crowded public transportation. “Demand for electric bicycles as well as general bicycles has jumped as customers can minimize contact with other people when travelin

Automaker sells 24,778 vehicles despite virus woes

Following the global popularity of chapaguri -- instant noodle dish that came into the limelight due to Oscar-winning movie “Parasite” -- Nongshim said Monday it is participating in auctions to purchase kelps, a key ingredient, to meet surging demand. Chapaguri is a mixture of Nongshim’s Chapaghetti black bean instant noodle and Neoguri, a soup-based instant noodle. The menu was translated as “ram-don” in English subtitles in the movie. According to No

LegoChem Biosciences shares hit the daily price limit of 30 percent on Monday after it announced a bonus issue -- offer of free additional share to existing shareholders for every stock they hold. “We have decided on the bonus issue, taking into consideration the low volume of stocks kept our company undervalued despite the series of upbeat license-outs,” said a LegoChem Biosciences official. The company, which is listed on secondary bourse Kosdaq, will newly issue 1,283,070 pre

South Korea will expand the reduction of rental fees for airport duty-free shops and other commercial facilities hit hard by the new coronavirus outbreak, the transport ministry said Monday. State-run Korea Airports Corp. (KAC) and Incheon International Airport Corp. (IIAC) will cut rental fees for duty-free shops, banks, restaurants and other businesses at the country's 15 airports by up to 75 percent by August, according to the Ministry of Land, Infrastructure and Transport. IIAC operates

Samsung Electronics announced Monday the launch of its new Odyssey G7 gaming monitor that has the world’s first curvature radius of 1,000 millimeters. First unveiled at the Consumer Electronics Show 2020 in Last Vegas in January, the Odyssey G7 provides more immersive and comfortable gaming experience with less strain on the eyes. “Samsung Odyssey G7 curved monitor is the ultimate combination of curvature, comfort and competitive edge, giving gamers the advanced performance they n

Celltrion on Monday announced that its antiviral COVID-19 treatment candidate CT-P59 reduced the amount of SARS-CoV-2 virus in infected ferrets 100-fold in preclinical trial results, with significant improvements in lung lesions. The company said it will proceed with the first human clinical trials in July. If the results are replicated in human test subjects, CT-P59 will gain an edge in potentially becoming an acknowledged therapy for the ongoing global pandemic. “Celltrion is drawing

Social stigma against victims of infectious disease detrimental to mental health, COVID-19 confirmed patients also at risk

BAT Korea has opened applications for its talent-fostering competition BAT Do-Dream on Monday, setting this year’s theme as “Environment and social activities for a better tomorrow.” The tobacco firm started its talent competition in 2017, where participants pitch their goal activities, such as writing a scenario or starting a new business, and the company selects a number of teams and provides financial support. On Friday, BAT Korea held a BAT Do-Dream Talk Concert in Seou

Hyundai Heavy Industries Group, South Korea's ninth-biggest conglomerate, said Monday it will spend an additional 300 billion won ($244 million) to beef up safety for its workers over the next three years. With the additional spending, the group will spend a total of 1.64 trillion won during the cited period to improve safety at the facilities of its nine affiliates, including Hyundai Heavy Industries Co., the country's biggest shipbuilder, it said in an emailed statement. It will also increa

More than 6 million South Koreans were subscribed to 5G mobile networks as of April, a year after the country adopted the service, government data showed Monday. The number of 5G users in the nation reached 634 million as of the end of April, up 7.8 percent from a month earlier, according to the data compiled by the Ministry of Science and ICT. The nation's three carriers -- SK Telecom Co., KT Corp. and LG Uplus Corp. -- rolled out the commercial 5G network last April and have aggressively pr

Amorepacific, a leading cosmetics manufacturer here, launched Enough Project on Monday, a vegan-friendly lifestyle brand highlighting practicality. Under the new brand, Amorepacific presented seven new products including cleansing oil, essential lotion products and sun screen. The products are all vegan-friendly, with no animal testing and no animal-derived ingredients, the company said. According to the company, its main moisturizing cream has beta-hyaluronic acid, which is 1.5 times more a

Samyang Foods said Monday it will open limited sales of the export-version of Buldak Spicy Chicken noodles on its online mall for Korean consumers for the first time. The products include the original Spicy Buldak Chicken noodle, Carbonara Spicy Buldak Chicken noodle, 3X Haek Buldak Spicy Chicken noodle -- known as 3X Fire Noodle among non-Korean speakers -- and Corn Spicy Buldak Chicken noodle. All four products do not include meat-derived ingredients, the company said. While the original a