Lotteria, retail giant Lotte’s fast-food chain, rolled out its “Miracle Burger,” the first veggie burger from a burger chain in South Korea, Thursday. According to the burger chain, the new burger, introduced under the slogan “Not beef, but veef,” features a plant-based patty with a meat-like texture that comes from a combination of proteins from wheat and beans. The company said it used soybeans instead of eggs for the taste of the Korean-style barbecue rib sa

Aluminum supplier Korea Non-Ferrous Metals said Thursday it is participating in the Singapore Airshow 2020 to promote its high-tech metal processing and service of materials. The show held through Sunday at Changi Exhibition Centre is considered the biggest airshow in Asia, providing a venue for aerospace companies to expand their networks and market entries. “The Singapore Airshow is a good way to promote KNF to global markets. The KNF team will continue to plan our future together un

SK Engineering and Construction said Thursday it has inked a financial agreement with Kazakhstan and will start the construction of a beltway in the country, marking the first public-private partnership infrastructure project there. According to the company, it signed the agreement to furnish the construction fund for Almaty Ring Road with a group of creditors consisting of multilateral development banks, including the European Bank for Reconstruction and Development, in Kazakhstan’s ca

Korean solar panel maker Hanwha Q Cells has provided a solar power system to one of the top-tier football league Bundesliga clubs in Germany. The company said Thursday that it has installed solar power solutions with a maximum output capacity of 102.3 kilowatt-peak for RB Leipzig’s Red Bull Arena stadium and the club’s training center Red Bull Academy. The company’s Q.Peak Duo solar modules and Q.Flat roof mounting system were used. For the stadium, a solar power solutio

The Barcelona-based Mobile World Congress has withstood a bevy of bad news in its 33-year history, including the global financial crisis of 2007-2008 and the severe acute respiratory syndrome epidemic of 2002-2003, but it has now failed to survive the most recent viral outbreak from China. MWC 2020 has been completely off called, according to the announcement on Thursday made by the GSMA, the organizer of the world’s largest wireless show. It is the first time for the annual show to be c

The country’s national flag carrier Korean Air said Thursday it will update its audio-video on demand inventory to meet the growing preference of passengers for Korean Wave contents. The airliner said Thursday it will add a new batch of K-dramas and entertainment contents to its library in response to the global Hallyu fever. The number of miniseries contents -- currently about 80 -- will be expanded to around 260. The AVOD update will commence in September and be completed by the en

Hyundai Motor’s premium brand Genesis ranked No. 1 in overall vehicle dependability among all brands in the US, industry data showed Thursday. According to the “Vehicle Dependability Study” announced by annual ranking researcher J.D. Power, Genesis ranked the highest with the score of 89 problems per 100 vehicles in its first year of eligibility. The study measured the number of problems per 100 vehicles (PP100) experienced during the past 12 months by original owners of

SEJONG -- South Korea said Thursday it will roll out a set of measures to support flower farmers who have been facing falling demand, as the spread of the new coronavirus has led to the cancellation of outdoor ceremonies such as graduations. Flower farms facing financial troubles due to the novel virus are eligible to apply to a business rehabilitation fund of 30 billion won ($25.4 million) designed to help farmers facing unexpected events in the market, according to the Ministry of Agricultur

South Korean mobile carriers are moving to cancel launch ceremonies for Samsung Electronics Co.'s new Galaxy S20 smartphone amid the coronavirus scare, industry sources said Thursday. South Korea's top mobile phone operator SK Telecom Co. and No. 2 industry player KT Corp. had originally planned to hold launch ceremonies for Samsung's new flagship smartphone on Feb. 27. According to the sources, SK Telecom, the crown jewel of South Korea's third-largest conglomerate SK Group, will not hold a

All of Hyundai Motor Group’s listed subsidiaries will introduce an electronic voting system, with the aim of shareholder friendly management, the group said Wednesday. Until last year, Hyundai Glovis, Hyundai Bng Steel and Hyundai Motor Securities had preemptively introduced the e-voting system to allow wider participation from shareholders. This year, the remaining nine listed subsidiaries decided to adopt the electronic voting. The units are Hyundai Motor, Kia Motors, Hyundai Ste

SK Plasma said Wednesday that it has signed a memorandum of understanding worth $330 million with Egypt’s state-run pharmaceutical company ACDIMA. Under the memorandum, SK Plasma will now contract manufacture plasma-derived medical products using 1 million liters of Egyptian plasma at its facility in Andong, North Gyeongsang Province, which has an annual capacity of 600,000 liters. It will also transfer plasma fractionation technology to ACDIMA and construct a plasma fractionation plant

NCSoft is set to break through the 2 trillion won ($1.7 billion) annual revenue mark this year, on the back of Lineage2M and upcoming titles Aion 2 and Blade & Soul 2M. The company’s 2019 fiscal report released Wednesday showed that it earned 1.7 trillion won last year, down 1 percent from the previous year. While NCSoft shouldered a 22 percent on-year operating loss due to decreased royalties, in the fourth quarter alone, after the launch of new mobile game Lineage2M, the company r

Authorities say highly unlikely for novel coronavirus to spread via food, but rumors persist

Second-generation CLA 250 4matic coupe sedan also released

Riot Games Korea announced Wednesday it will continue its corporate social responsibility program of cultural artifacts preservation and that it donated an additional 800 million won ($677,000) this year to the Cultural Heritage Administration. The Korean arm of the US-based game company has collaborated with the Cultural Heritage Administration since end-2011 to reclaim artifacts that were once lost but found in overseas locations. So far, Riot Games Korea has donated a total of over 6 bill