As a beauty giant built mainly on the needs and wants of women, Amorepacific’s corporate social responsibility project “20 by 20” aims at empowering 200,000 women by the year 2020, the company explained Tuesday. Since announcing the commitment in 2017, the company has been investing 7 billion won every year into two of its major CSR campaigns on women’s health-- “Pink Ribbon Campaign” and “Make Up Your Life Campaign.”Pink Ribbon Campaign focuses on awareness and prevention of breast cancer, one

Game developing engine house Unity Technologies announced a developer-focused growth direction and collaborative project with Samsung Electronics’ latest Galaxy mobile devices at the “Unite Seoul 2019” event Tuesday at Coex in Seoul. Games developed using Unity Engine will be better on “our smartphone devices with adaptive performance” feature, Samsung senior researcher Kim Jeong-woo said at a press event.Galaxy S10 and Galaxy Fold will come with the latest feature, while former Galaxy models wi

The number of South Korean companies raising or processing insects for foodstuffs, pets and other purposes grew threefold in 2018 from three years earlier, data showed Tuesday.According to the data compiled by the Ministry of Agriculture, Food and Rural Affairs, the number of insect companies in the country came to 2,318 as of last year, rising sharply from only 726 posted in 2015.The ministry said the figure increased sharply on-year in 2016 and 2017 after the government officially recognized s

Concerns rise over ‘mutual destruction’ between taxi industry and ride-hailing services

The South Korean gaming industry is waiting on tiptoes for the impending final decision of the World Health Organization on whether to classify video game addiction as a disease. The World Health Assembly, the decision-making body of the WHO, will convene from Monday through May 28 in Geneva, Switzerland, to discuss various policy matters, including the question of game addiction. The WHO classified video game addiction as a disorder in the 11th Revision of the International Classification of Di

Korea Institute of Startup and Entrepreneurship Development, SMEs Ministry design full support programs, subsidies for nation’s fledgling innovators

Cyril Ebersweiler, the founder and managing director of hardware accelerator HAX, is out to create a startup-driven hardware renaissance. And in his view, Korea has much potential. “We’ve been quite familiar with the Korean ecosystem and did a few investments there. I think it’s one of the most dynamic ecosystems in the world, and it is doing better than some of its Asia counterparts, while providing a decent market locally for Korean companies as well as quality manufacturing,” said Ebersweiler

Kia Motors, South Korea’s second-largest carmaker in terms of sales, has been pushing forward to successfully enter the Indian market in the latter half of this year.It has been conducting various marketing activities including a large-scale dealer event by inviting them to Korea.The automaker said the event was part of its efforts to raise brand awareness among Indian customers. Local car dealers from India pose for a photo during a Kia Motors’ event in Seoul on March 13. (Kia Motors)Some 120 I

　Major South Korean mobile carrier KT said Sunday it has discussed business cooperation with Russia’s biggest telecom firm, Mobile TeleSystems, to boost their partnership in the fifth-generation cellular network. 　KT’s chief Hwang Chang-gyu met with MTS Group CEO Alexey Kornya on Friday at KT’s headquarters in downtown Seoul. MTS is the largest mobile operator in Russia, with more than 100 million subscribers in Russia and neighboring countries.  KT’s chief Hwang Chang-gyu(left) shakes hands wit

Industry watchers attribute V50 ThinQ’s soaring sales to “overheated” 5G competition among mobile carriers.

Junction, a Finnish nonprofit organization that has successfully organized world-leading hackathons in Europe since 2015, hopes to expand its presence in Korea.As a part of this process, the Junction former Head of Global Operations Antti Hammainen will be visiting Korea and participate in EXIT Daejeon 2019, global startup event that will be held at Daejeon Convention Center from May 21 to 23. More details on the event are available at http://www.startup-exit.com.Junction former Head of Global O

All over the world, countless startups come and go. For investors, this means it has become tougher to pick the right one.According to Moaffak Ahmed, a Finnish serial entrepreneur and early-stage investor, team dynamics usually provide a good gauge in the early days of a startup.Slush board member Moaffak Ahmed“In the very early stage, when there are little or no metrics and evidence about business success, it’s really mostly about the team,” Ahmed said in an email interview with The Investor. “

A look into the origins of some of Korea’s leading brand names

South Korea’s fifth-largest metropolitan city is poised to host the Global Startup Festival Daejeon 2019 from Tuesday through Thursday as part of its efforts to become a global hub for startup-driven innovation. The three-day Exit Daejeon 2019 event will take place at Daejeon Convention Center. It is co-sponsored by Daejeon Metropolitan City, Herald Corp., Daejeon Center for Creative Economy & Innovation and CEO Clubs Korea.The conference is expected to host 300 participants, including SME and S

Renault Samsung Motors, the Korean unit of French automaker Renault Group, said its research and development center, Renault Technology Korea, will play a key role in the group’s vehicle design, safety tests and production technology. Located in Yongin, Gyeonggi Province, Renault Technology Korea was formerly a Samsung Motors research center established in 1997. It was renamed following Renault Group’s acquisition of the Korean carmaker in 2000.  Renault Samsung Motors CEO Dominic Senora speaks