Philips said it is showcasing various artificial intelligence solutions for health care at the 75th Korean Congress of Radiology, held Wednesday through Saturday at Coex in southern Seoul. 　Demand for better medical services is on the rise globally, but resources, including human resources, are increasingly on the decline, said Philips, calling for “more effective remedies, improved patient experience, enhanced workflow for medical staff and lowered medical cost.” 　The a

South Korea excluded Japan from its export controls whitelist Wednesday in retaliation for Tokyo’s earlier decision to remove Seoul from its list of favored trade partners, as bilateral relations have slumped to the lowest levels since normalizing diplomatic ties in 1965.“The Ministry of Trade, Industry and Energy has published the revision of the nation’s trade controls on strategic items in an official gazette and it took effect from Wednesday,” said the ministry spokes

South Korean tech giants Samsung Electronics and LG Electronics sparred again Tuesday, questioning the picture quality of 8K TVs, undermining each other’s technological prowess. LG once again accused Samsung of exaggerated, misleading marketing of its 2019 QLED 8K TVs and demanded more details.Since the IFA trade show in Berlin, Germany, earlier in September, LG has been slamming Samsung’s 8K TVs as failing to meet globally agreed standards that require minimum 50 percent contrast mo

The Seoul Metropolitan Police Agency on Tuesday raided SK Innovation’s headquarters in central Seoul over LG Chem’s accusation that the SK unit stole trade secrets related to developing electric vehicle batteries. LG Chem had made the accusation in May after filing a complaint in April with the US International Trade Commission and the District Court of Delaware over misappropriation of trade secrets through the hiring of former LG Chem employees. Police sent officers to SK Innovatio

Asiana Airlines will kick off two weekly direct flights to Lisbon, Portugal, from Oct. 28 to March 25 next year. The Incheon-Lisbon service is the first in the industry for a local air carrier. The flights will depart from Incheon Airport on Mondays and Wednesdays at 2:30 p.m. and arrive in Lisbon at 6:50 p.m. The return flight will depart from Lisbon at 8:30 p.m. and arrive in Incheon at 5:50 p.m. the next day. For the Incheon-Lisbon route, Asiana Airlines will operate its newest airc

Lotte Liquor, the alcoholic beverage arm of Lotte Chilsung Beverage, said Tuesday that its yogurt-flavored Soonhari Chum-Churum soju will soon be sold in the US. Soonhari Yogurt soju is the latest in the company’s Chum Churum Sunhari line, created by adding fruit flavoring, such as citron, peach, apple and strawberry, to soju. It was manufactured exclusively for export.Earlier this month, some 190,000 bottles of 360 milliliter-size Soonhari Yogurt soju were exported to the US, the com

Hanwha Total Petrochemical has completed the expansion of its ethylene production plant and has begun commercial operation with an aim of generating 590 billion won ($496 million) more in sales each year, the firm said Tuesday. The petrochemicals firm has injected a combined 540 billion won since April 2017 to complete the side gas cracker of the naphtha cracking center in South Chungcheong Province. The new facilities are capable of producing 310,000 metric tons of ethylene and 130,000 tons of

South Korea’s cable network JTBC and entertainment giant CJ ENM announced Tuesday the launch of a joint video-streaming service amid intensifying competition in the broadcasting industry. The companies have signed a memorandum of understanding to launch an integrated over-the-top video service by combining their video contents. The new platform is expected to become available early next year.The upcoming service will be modeled after CJ ENM’s video-streaming platform Tving, which con

South Korea’s Hanwha Defense said Tuesday it has been shortlisted for the Australian military’s multibillion-dollar plan to replace its current aging fleet of mobility vehicles with advanced capability.　According to the company, its AS21 Redback Infantry Fighting Vehicle is one of two contenders for the Land 400 Phase 3 Program. Competing against Hanwha’s Redback is German firm Rheinmetall Defence’s Lynx KF41.　　The two companies’ IFVs were selected over other global

SINGAPORE -- UK-based industrial software developer Aveva said Tuesday it plans to introduce its newly integrated industrial software by November in its digital push to streamline large-scale projects.The news comes amid the UK company’s push for software integration following its merger with French multinational firm Schneider Electric’s industrial software business in March 2018. Since the merger, Aveva has strived to bring together its design, engineering and construction capaciti

South Korean shipbuilders may receive more orders following drone strikes on Saudi Arabia's crude processing facilities, analysts here said Tuesday, as the incident is likely to push up demand for liquefied natural gas tankers and offshore facilities.Saudi Arabia shut down about half of its oil production Saturday following a series of drone attacks that damaged two key oil installations. The Saudis said that the closure will affect 5.7 million barrels of crude production a day, about 5 percent

South Korea will consider releasing its strategic oil reserves in case supply is disrupted following drone strikes on Saudi Arabia's crude processing facilities, a senior official said Tuesday.The combined oil reserves held by the South Korean government and local refiners came to 200 million barrels as of 2018."The government will swiftly push for measures to stabilize supply and demand ... in case oil supply is disrupted," Kim Yong-beom, vice minister of economy and finance, said in

A US federal court has ordered Dongwon Industries' US unit StarKist Co. to pay a $100 million (118 billion won) fine in a canned tuna price-fixing case, the Korean tuna company said Monday. StarKist plans to pay the fine in installments over the next five years. Of the planned payment, $50 million has already been reflected in the upcoming second-quarter earnings results, and the remainder will be factored in the bottom line later, Dongwon Industries said in a regulatory filing. The Pittsburgh,

Groceries are more expensive in Seoul than in New York or Tokyo, with only five Swiss cities surpassing the South Korean capital in grocery costs, data showed Monday.According to city and country database website Numbeo, Seoul’s groceries price index amounted to 105.01, placing it at No. 6 on a list of 375 major cities. The groceries price index is calculated according to the retail prices of items such as meat, vegetables and fruit, based on data contributed by users. Swiss citi

South Korean builder Daewoo Engineering & Construction has clinched a liquefied natural gas plant project in Nigeria, becoming the first Korean builder to be chosen as a prime contractor in the competitive global LNG plant sector.According to Daewoo E&C, it signed a letter of intent with Nigeria LNG last week to undertake planning, equipment purchasing and construction for the Train 7 liquefaction and purification facility on Bonny Island, Nigeria. The Train 7 project is expected to