South Korean food manufacturer Pulmuone said Monday that its packaged ready-made kimchi has secured the largest market share in the US.According to Nielsen research data, Pulmuone had a market share of 40.4 percent as of August. In September last year, the South Korean firm tapped the US market under the brand called Nasoya, the top US tofu manufacturer which is owned by Pulmuone Foods USA. The company said its No. 1 position was due to its partnership with 3,900 Walmart stores, 1,100 Kroge

The government is moving to strengthen taxation of high-income influencers and content creators on social networking services, including YouTubers, to prevent tax evasion, according to documents submitted to lawmakers on Monday.  According to Rep. Kang Byung-won of the Democratic Party of Korea, the Finance Ministry has been collecting foreign exchange receipts exceeding $10,000 per person from the Bank of Korea, and using the data for tax reports and investigation of high-income influencer

　DAESEONG-DONG, Demilitarized Zone -- Tucked in the middle of the heavily fortified Demilitarized Zone dividing the two Koreas, Daeseong-dong is perhaps the most isolated town in South Korea since the end of the Korean War. 　There are no supermarkets, shops or hospitals for medical treatment. There are also no restaurants or hair salons. The village does not even show up on navigation systems. 　While Daeseong-dong residents are far removed from the rest of South Korea, 197 people living there ha

Allergan Korea on Monday rolled out compensation plans for patients treated with its breast implants, but fell short of expectations.The pharmaceutical firm’s rough-textured Natrelle Biocell Textured Breast Implants were red-flagged by the US Food and Drug Administration in July for having a sixfold risk of causing breast implant-associated anaplastic large cell lymphoma (BIA-ALCL) -- a rare cancer of the immune system. Allergan has globally recalled all its products. The first Korean diag

INNOVATION AWARDS -- Korean four-dimensional radar technology firm Bitsensing CEO Lee Jae-eun (center) poses for a photo with Manfred Martin, a professor at RWTH Aachen University, at the fifth KGCCI Innovation Awards ceremony held at the Sebitseom floating islands in Seoul on Friday. During the event, Bitsensing and three other companies, including 42 Maru, BASF Korea and Henkel Korea, received innovation awards in the presence of high-ranking executives from the Korean-German business communit

Nissan Motor said Monday it will continue its operations in South Korea amid trade tensions between the two Asian neighbors, despite headwinds like a boycott of Japanese products.The Japanese carmaker’s commitment to South Korea follows market rumors that it will pull out of the market here as its sales have been hit hard by the escalating trade tensions between Seoul and Tokyo.  “We make it clear that we will maintain our business operations in the ‘strategically importan

The South Korean unit of US tech giant Apple Inc. has said it will submit revised voluntary corrective measures over its alleged violation of competition law, the anti-trust regulator said Monday.Apple Korea is suspected of having required South Korean mobile phone carriers -- SK Telecom Co., KT Corp. and LG Uplus Corp. -- to pay the cost of television advertisements for its iPhones and their warranty costs.Apple has said that advertisements benefit both the company and South Korean mobile carri

Korean game company Nexon said Saturday it will release a new mobile game titled V4 on Nov. 7, having already postponed a number of other games.Nexon had set out this year with ambitious plans to launch 10 new mobile games within the first half of 2019. However, the mobile version of The Kingdom of the Winds: Yeon, as well as SinoAlice, a Japanese game whose global distribution rights Nexon acquired, have both been postponed without being rescheduled. The Kingdom of the Winds: Yeon had a closed

LG refutes Samsung’s use of ‘QLED’ in TV ads, ‘irrelevant’ to FTC decision

CJ 4DPlex exports multisensory cinema tech worldwide

The new chief executive officer of aerospace and defense company Korea Aerospace Industries has urged his employees to focus all of their capabilities on winning orders to overcome the management crisis, the firm said Sunday. “Despite the harsh environment, KAI has achieved remarkable growth through the efforts of its employees and partner companies as well as support from the government. However, the company is in a crisis due to stagnant sales and orders over the past five years,&rd

Creating virtuous cycle of engagement with talented staff will support explosive growth in industry

SK Innovation on Sunday expressed regret over the patent infringement lawsuit recently filed against it by LG Chem with a US court, as they had agreed five years ago not to sue each other on one particular patent case.Vowing a befitting response as the legal battle rages, SK Innovation said, “We will respond strongly by taking all possible legal actions,” lashing out at LG Chem for failing to create a virtuous cycle through fair and cooperative competition.The remarks came as LG Chem

South Korea's exports are expected to fall for the 10th consecutive month in September, a poll showed on Sunday, amid a protracted slump in the memory chip segment, the backbone of Asia's No.-4 economy.Outbound shipments are expected to decrease 10.3 percent this month on-year at $45.4 billion, according to the poll conducted by Yonhap Infomax, the financial service arm of Yonhap News Agency. The trade surplus, meanwhile, is expected to reach $5.2 billion, marking 92 straight months in which the

LS Cable & System has developed an advanced power supply system for high-speed railways with aluminum rigid bars. The South Korean cable and wire company said Sunday the new system could reduce the cost and size of train tunnel construction due to its simple structure.Compared to copper trolley wires, its newly developed aluminum rigid bar will help construction workers build narrower tunnels at a lower cost, the company said. “Since there is no need for facilities to support the