South Korea’s leading construction firm, Daewoo Engineering and Construction, said Wednesday that it has upgraded its five-zone security system, dubbed the 5ZSS, as part of its strategy for the new Prugio apartment complexes.In line with the firm’s five-zone clean air system, or 5ZCS, which filters out fine dust, the newly upgraded 5ZSS takes a systematic approach to crime and accident prevention by using advanced technologies tailored for each of an apartment complex’s five zo

South Korea’s largest air carrier by fleet size, Korean Air said Wednesday the company has planted 5,000 maple trees in a Mongolian desert located in Baganuur to fight regional desertification.Two hundred people including executives of Korean Air, staff of US carrier Delta Air Lines and local residents participated in the Global Planting Project that ran May 13-16, the company said. Delta Air’s participation was meaningful as it also marked the first anniversary of a joint venture be

Amid growing expectations about the future business of oil refineries in South Korea, the new chief of the local refining company S-Oil is expected to play a leading role in implementing its growth strategy aimed at enhancing profitability.S-Oil CEO Hussain Al-Qahtani, whose term started June 13, has begun overseeing major company work, to be marked by the inauguration ceremony of the S-Oil Onsan Refinery in Ulsan on Wednesday. The state-of-the-art facility houses a residue upgrading complex and

Mega-scale project adds balance to business portfolio, creates jobs and growth for Ulsan

Oil refiner’s RUC/ODC project represents firms’ wider versability to IT, biotechnology

South Korea is considering extending a temporary tax cut on purchases of all-electric and hydrogen fuel-cell electric cars, the finance minister saidTuesday, in the latest move to help eco-friendly cars expand their presence here.Since 2017, the government has waived a 5 percent special excise tax on purchases of all-electric and hydrogen fuel-cell electric cars. The temporary tax cut is set to end in December this year. Hong Nam-ki, the minister of economy and finance, said that the govern

　South Korean brands again demonstrated the best initial quality among 32 automotive brands sold in the United States, according to an annual ranking by researcher J.D. Power, with about half of the domestic brands better than average and all European brands below average. 　Genesis, Kia and Hyundai, all part of Hyundai Motor Group, were the top three brands in the 2019 US Initial Quality Study, which measures problems in the first 90 days of vehicle ownership. 　Ford Motor ranked fourth followed

Samsung Electronics Vice Chairman Lee Jae-yong is preparing for a meeting with the crown prince of Saudi Arabia by checking out Samsung affiliates’ projects in the Middle East, the company said Tuesday. Lee, as the de facto leader of the biggest conglomerate in South Korea, is expected to attend a luncheon hosted by President Moon Jae-in for Crown Prince Mohammed bin Salman at Cheong Wa Dae on Wednesday.  The Samsung heir on Monday held meetings with the heads of Samsung Engineering a

South Korea's internet giant Naver said Tuesday it will develop a superaccurate map for autonomous driving by the year’s end, as it seeks to gain an upper hand in the futuristic technology. 　The company’s research and development subsidiary Naver Labs announced its plans to create a virtual Seoul map with 10 centimeter-level accuracy. It pledged to build a digital layout of streets 2,000 kilometers long by acquiring geographic data via aerial and land devices. 　Naver is one of few Ko

Conflict of interest claims rise as game society labels gaming disorder adoption as plot to milk tax out of game companies to fill doctors’ pockets

SsangYong Motor seeks to conventionalize the use of pickup trucks in South Korea by introducing its Rexton Sports series as “open top SUVs,” the carmaker said Tuesday.Both the Rexton Sports and the new Rexton Sports Khan introduced in January boast most features of the company’s flagship SUV model G4 Rexton, but also include a large deck space designed for drivers who enjoy outdoor activities and recreational sports. By introducing the series as an open top SUV, the company hop

South Korean auto giant Hyundai Motor said Monday it will deliver additional units of Ioniq hybrid to a Singaporean transportation company, prolonging its lead as vehicle supplier in the local market.Confirming its contract with ComfortDelGro, Hyundai Motor will be supplying 2,000 units of Ioniq gasoline hybrid vehicles, 1,500 units by the end of this year and the remaining within the first half of next year, officials said.The Singaporean company, which is the largest transportation business op

While Samsung Electronics remains indecisive about an official launch of the Galaxy Fold after nearly two months, the South Korean tech giant seems to be preparing to roll out the company’s flagship phablet Galaxy Note 10 on schedule in August, industry sources saidMonday. “The Galaxy Note 10 will have its own timeline for its debut in August, regardless of the Galaxy Fold’s launch schedule,” said a Samsung official. “The company keeps the same stance about the Gala

Lotte Food said Monday that it had launched a new brand of baby formula called Nubone in Vietnam and clinched a sales contract with Viet Australia for distribution there. Nubone is an export-only product aimed at children age 6 and under and will be sold exclusively in Vietnam.  The product has been manufactured through Lotte’s Syn-Biotics system, which adds both pro-biotics and pre-biotics to aid the baby’s digestion and growth, the company said.The products will be export

Kia Motor has unveiled its redone upper-midsized sedan K7 Premier, offering five different engine options, and began sales in Korea on Monday, according to officials.The latest version is the first face-lifted version since the launch of the K7 model in 2016. According to the automaker, the K7 Premier comes with five different engine options to satisfy diversified consumer needs: new G2.5 GDi, 3.0 gasoline, 2.4 hybrid, 2.2 diesel and 3.0 liquefied petroleum injected engines. Kia Motors&rsqu