LS Cable & System said Monday it has developed a mobile application that allows users to find cables even without professional knowledge. The app called ConnectLS recommends most suitable cables for users with a couple of touches instead of calculating allowable current considering various conditions, LS C&S said. There are hundreds of types of cables used in power transmission networks, construction and industrial sites. ConnectLS recommends cables when a user selects various condi

SsangYong Motor said Monday it has sold an after sales service center located in Guro-gu in Seoul for 180 billion won ($146 million), as part of its efforts to improve its fiscal health.  The automaker said by selling noncore assets, it will continue to secure liquidity and focus on increasing competitiveness for product development.  In the first quarter this year, its net loss expanded to 193.5 billion won over the economic impact of the COVID-19 outbreak. Its operating loss came

The Korea International Trade Association said Monday it is joining hands with US-based Startup Junkie to back Korean startups to test their technologies and products overseas. The partnership deal was signed by chief of KITA’s innovation growth division Dong-ki and Louis Diesel, director and head of Asia at Startup Junkie, in Seoul. Startup Junkie is funded in large part by the Walton Family Foundation, a philanthropic organization led by the family of Walmart founder Sam Walton, as we

Lineage 2M, a mobile massively multiplayer online role-playing game (MMORPG) by South Korean online game maker NCSOFT Corp., was the highest grossing app on the Google Play Store during the first quarter of the year, industry data showed Monday. The mobile version of the mega-hit game "Lineage 2" was the most popular app in the world on Android platforms during the January-March period, partly on the back of the novel coronavirus pandemic that has confined people to their homes, the

Chipmaker pours W8tr more this year to address future memory demand

South Korean chemicals maker SKC Co. said Monday that it will invest 120 billion won ($98 million) to build a new plant for its copper foil subsidiary in an effort to help cement the latter's market position. The company will break ground on SK Nexilis' sixth plant in the southwestern city of Jeongeup in August this year for completion in the first quarter of 2022, said SKC, a unit of South Korea's No. 3 conglomerate SK Group. The factory will have an annual capacity of 9,000 tons, raising S

Volvo Cars Korea said Monday that it has introduced a lifetime auto parts warranty for customers -- the first such guarantee by a carmaker here -- as part of its efforts to improve customer services. The service will allow customers to receive repairs on auto parts that have been changed at its official after sales service center, regardless of the number of times they have received the service and how long they have had the car. Those who have changed auto parts after June 1 and have agree

Hyundai Engineering Co., a plant engineering affiliate of Hyundai Motor Group, said Monday it has signed a deal with three business partners to invest a combined $733.3 million in a polypropylene plant in Poland. Of the planned investment, Hyundai Engineering and South Korea's state-run Korea Overseas Infrastructure & Urban Development Corp. will invest a combined $130 million, Hyundai Engineering said, without elaborating on its own investment and its stake in the project. The two other

KT Skylife Co., a satellite broadcasting provider in South Korea, is considering entering the budget phone service market, industry sources said Monday, as it tries to explore a new growth engine beyond the pay TV business. The affiliate of South Korean telecommunication firm KT Corp. recently expressed its intent to the Ministry of Science and ICT for a mobile virtual network operator (MVNO) business, according to the sources. MVNOs refer to companies that rent infrastructure from major te

South Korea’s largest beer maker by revenue, Oriental Brewery said Sunday its YouTube videos starring chef Baek Jong-won have pulled in a total of 13 million views, creating a new boom of “MakCass” -- a mixture of Korea’s traditional liquor makgeolli and OB’s flagship beer Cass. OB released six videos on its channel Cass, dubbed “Essential Beer Class,” starting May 4, where Baek and comedian brothers Yang Se-hyung and Se-chan talk about liquor and beer

Korea, with one of the highest smoking rates, shows surge in heating-type cigs consumption

The fight against cancer is continuing despite the worldwide turmoil amid the coronavirus pandemic. The American Society of Clinical Oncology, the most authoritative annual gathering of anti-cancer drug researchers, chose to proceed with this year’s event online. The ASCO20 Virtual took place from May 29-31, inviting some 40,000 experts from over 70 countries to speak on various forms of tumors and the attempts to discover new, more advanced treatments for different types of cancer. Fr

Samsung Group, South Korea's top conglomerate, said Sunday it is considering expanding its remote hiring process after wrapping up its first-ever online recruitment exam amid the coronavirus pandemic. The Global Samsung Aptitude Test (GSAT), an entrance exam for those who seek jobs at Samsung, was conducted online for the first time this weekend. "With the result of the first online exam, we will upgrade our hiring system and plan to utilize online-related solutions in various recruiti

Samsung Electronics and LG Electronics -- the two biggest tech firms in South Korea -- are likely to scale back their participation in IFA 2020, amid the prolonged COVID-19 pandemic, according to industry sources Sunday. However, the two firms have not yet finalized their plans to participate in the largest tradeshow for home appliances in Europe, slated for September. The IFA 2020 will be held onsite from Sept. 3-5 at the Messe Berlin exhibition hall as usual, the show’s organizer ann

Hyundai Motor Group said Sunday it has signed a memorandum of understanding with photovoltaic solar cells manufacturer Hanwha Q Cells for energy storage systems to use recyclable batteries from electric vehicles.  The two firms held an MOU signing ceremony on Friday, which was attended by Hyundai Motor Group President and head of Strategy and Technology Division Chi Young-cho and Hanwha Q Cells President Kim Hee-chul attended.  Amid the expanding ratio of renewable energy use such a