Asiana Airlines Managing Director Cho Young-Seok (fourth from right, third row) poses with students and officials from School 83 in Ulaanbaatar after launching the first Beautiful Classroom Project in Mongolia on Wednesday to support children’s education.The air carrier said the partnership coincides with the opening of its Ulaanbaatar route in July. Volunteer teams comprising employees have been sent to School 83 to help renovate its gymnasium and repair walls and other facilities. T

NHN’s cloud solution Toast acquired the ISO27799 mark for its ability to guarantee cybersecurity for medical data, the company said Thursday.With the acknowledgement, NHN said it is now actively knocking on doors of health care institutions to expand its portfolio. ISO27799 is the global guideline for health informatics data management, set by the International Organization for Standardization. Health care data such as patient diagnosis and treatment records are sensitive, personal informa

South Korea’s Chong Kun Dang and Hanmi Pharmaceutical said Thursday they presented their research results of novel diabetes treatments at the 2019 European Association for the Study of Diabetes held in Barcelona, Spain.At the 55th annual event held from Monday through Friday, Chong Kun Dang reported the efficacy of its thiazolidinedione type diabetes treatment Duvie for patients with insulin resistance syndrome. It is the 20th in the list of novel drugs developed in Korea and was commercia

Lee Jae-yong, vice chairman and heir apparent of Samsung Electronics, met with Mohammad bin Salman bin Abdulaziz, the crown price of Saudi Arabia, to discuss investment opportunities, according to the company on Wednesday. During the meeting in Jeddah on Tuesday, Lee and the Saudi prince touched on various topics including technology, industry, construction, energy and smart cities, reported the Saudi Press Agency. “They discussed investment opportunities in the Kingdom and cooperation bet

Samsung Electronics is aiming to recover its declining market share in China with a diverse lineup of 5G-enbaled localized devices, including the latest hit Galaxy Fold, according to industry sources Wednesday. Starting with the Galaxy Note 10 series that was launched last week, Samsung hopes to restore its declining status. “The Galaxy Note 10+ 5G is just the start for China’s 5G market,” a Samsung official said during the launch event. “We hope our new products will hel

The head of South Korea’s largest organization representing small and large businesses alike on Wednesday expressed concern that a nationwide drive to overcome economic risk by nurturing new industries and promoting deregulation has been losing its steam despite growing negative signs pointing to a possible economic recession.“Even though we are standing at a time when we have to do our best to overcome downside risks, it is regrettable to say that discussion on economic issues itsel

Hyundai Motor Group said Wednesday that it plans to install newly developed center-side air bags in its vehicles, without specifying the time frame or any model names.The group has two auto subsidiaries -- Hyundai Motor and Kia Motors.The center-side air bags, developed by in-house engineers, are intended to reduce injuries to drivers and front-seat passengers. This air bag prevents drivers and passengers from colliding during a crash and also protects a lone driver from the impact of glass frag

Korean cosmetics giant Amorepacific said Wednesday the company delivered a bus and maintenance fee for medical devices worth some 200 million won ($168,000), to the city of Quy Nhon, located in Binh Dinh province in central Vietnam.Attending the delivery ceremony at Quy Nhon city hall was head of Amorepacific Vietnam division Min Jeong-gi, Yongsan district Mayor Sung Jang-hyun as well as Binh Dinh People’s Committee Vice Chairman Phan Cao Thang, Mayor of Quy Nhon Ngo Hoang Nam and head of

Lotte Duty Free invited some 20 youth activists with disabilities from South Korea, China and Japan last month to provide cultural and tourism experiences here, and at the same time address the lack of accessibility for the disabled in major tourist areas, the company said Wednesday.  Organized by Lotte Duty Free and Disabled Peoples’ International Korea, the event itinerary included a guided tour around major attractions in Seoul, a chance to view the annual Lotte Duty Free Family Co

South Korean steelmaker Posco is ready for commercial sales of super-alloy stainless steel for scrubbers necessary for vessels that should abide by new environmental rules by the International Maritime Organization, the company said Wednesday.This year, Posco succeeded in commercializing super-alloy stainless steel, labeled S31254, for vessel scrubbers, and it has been supplying the steel to clients including Hyundai Heavy Industries Power Systems, Kangrim Heavy Industries and STI. Installi

　South Korean tech company LG CNS said Wednesday it has agreed to work with foreign-language education firm YBM NET to develop a mobile language-learning app using artificial intelligence technology. 　The two companies signed a memorandum of understanding for cooperation on the AI-based foreign-language education service. The signing ceremony was held at LG CNS’ headquarter in the Magok district of western Seoul. 　Combining LG CNS’ voice recognition and machine learning technologies

South Korea has urged China to terminate its anti-dumping measures on Korean polycrystalline silicon for solar panels, claiming they do not pose any domestic threat, officials said Wednesday. A delegation led by Chung Hae-kwan, director general of Trade Ministry’s trade legal affairs, attended a hearing in Beijing together with officials of related Korean companies, including OCI and Hanwha Chemical. The Chinese government has imposed anti-dumping duties on Korean and US polycrystalline si

　Biosimilar company Celltrion and Korea Development Bank said Wednesday they plan to form a 200 billion-won ($168 million) fund to fuel the bio-health industry. 　Celltrion CEO Seo Jung-jin and KDB Chairman Lee Dong-gull have signed a memorandum of understanding to collaborate in identifying promising startups and investing in them.　They will also work together in realizing Celltrion’s previously pledged vision to invest 40 trillion won by 2030.  　Seo had announced in May that he would

　US-based DuPont Electronics & Imaging said Wednesday that it has completed a new plant in Cheonan, South Chungcheong Province, that will focus on the production of liquid polyimide (PI) for flexible display substrates. 　The company is seeking to tap the growing demand for future materials that enable bendable displays. 　Liquid Polyimide is a cutting-edge material that can replace hard, brittle glass substrates for various form factors such as foldable, rollable, bendable or transparent disp

75 percent of new employees at small companies quit their jobs within a year