SK Innovation’s new public relations campaign “Imagination Into Reality” has gained 20 million views within 27 days of its launch, making it the fastest growing PR campaign by the company, SK Innovation said Wednesday. SK Innovation, an energy and chemical subsidiary of SK Group, released five 12-second videos last March to promote its philosophy and vision. The videos feature innovative technologies currently in the works at the company. (SK Innovation)Since the release, the videos have gained

More than 2 million trees have been cut down in South Korea over the last three years to make space for solar panels, according to opposition lawmakers who argue that the government’s renewable push should not be a replacement of nuclear energy. Since the government strongly pushed for solar power business in 2017, 4,407 hectares of forest have been damaged, 15 times the space of the Yeouido area of Seoul, according to Rep. Yoon Sang-jin of the main opposition Liberty Korea Party on Thursday. 12

Samsung Electronics seems to be on track to reinforce its goal of realizing the “intelligence of things” -- instead of the internet of things -- by conducting a major organizational reshuffle between the company’s mobile device and home appliance divisions, according to the industry on Wednesday. Some of approximately 1,000 software engineers -- about a third of the total workforce -- who had devoted their capabilities to developing various applications for smartphones within the IT and mobile c

Mobile carrier introduces 89,000 won unlimited data plan with own 5G AR contents

Celebrating 10 years of operations here, Epic Games Korea announced Wednesday it will be launching its online game distribution channel, Epic Games Store, here.The store is the latest project of the game company whose main business is the massively popular “Fortnite” and game development suite Unreal Engine. While Epic Games Store launched globally at the end of last year, the opening was stalled for Korea due to game ratings regulations. Every legally distributed game in Korea has to have its u

Despite a strong state drive, South Korea does not have any hydrogen technology standardized for global use so far, the government said Wednesday, vowing to make 15 locally developed technologies globally standardized by 2030.According to the Korean Agency for Technology and Standards under the Ministry of Trade, Industry and Energy, the government plans to file for global standardization of next-generation fuel cells for drones, ships and heavy machinery. The plan also includes proposing four s

TaiMed, a Taiwan-based biotechnology company, has picked Samsung BioLogics as its new contract manufacturing organization for the production of its novel biologic Trogarzo, used to treat patients with multidrug resistant HIV. The multiyear capacity contract, worth 150 billion won ($132 million), was concluded in August last year.The deal was made after TaiMed suffered from the lower conversion rate at its Chinese partner Wuxi Biologics in the second half last year, wrote Jerry Su, an analyst at

(LG Electronics)A video clip of UNESCO-designated cultural heritage sites in South Korea is played on a large display manufactured by LG Electronics at Times Square in New York. The video is being played 120 times a day until April 10 to promote the beauty and history of Korean heritages at one of the world’s busiest streets, filled with visitors from around the world, according to LG.

South Korea is slated to suspend tariff concessions on European Union products in response to the EU’s safeguard measures on Korean steel products, according to the government Tuesday. The Ministry of Trade, Industry and Energy said it “notified the World Trade Organization about suspending tariff concessions on EU goods valued at about 56.8 million euros ($63.6 million).” (Yonhap)The amount is the estimation of additional tariffs imposed on Korean steel products in the wake of the EU safeguard

No. 2 mobile carrier introduces 80,000 won 5G data plan without speed cap

Work appears to have begun for sons of disgraced chairmen to inherit transport empires, but questions remain over their capabilities, leadership

LG Chem, the petrochemicals and battery-making unit of LG Group, has taken over American chemical company DuPont’s technical assets for soluble organic light-emitting diodes to develop its next-generation displays, the company said Tuesday.LG Chem said the acquisition will include DuPont’s approximately 540 patented assets related to soluble OLED materials, key technologies and tangible assets including production facilities. LG Chem Vice Chairman Shin Hak-cheol (right) shakes hand with DuPont V

The South Korean biohealth industry’s monthly exports surpassed $800 million in March, a 13 percent growth from a year earlier, mainly due to increased shipments to the US and China. Trade Ministry data released Tuesday revealed that Korea exported $111.7 million worth of biohealth products to the US in March, $80 million to China, $60.3 milion to ASEAN nations and $145.9 million to European countries.Pharmaceuticals exports marked $401 million, up 17 percent from a month earlier and marking the

Asiana Airlines, South Korea's second-biggest airline by sales, will move to secure liquidity and bank loans through the sale of additional assets, the company's chief executive said Monday.In a letter sent to employees, Asiana Airlines CEO Han Chang-soo said the company will "suspend non-profitable routes and reduce the number of planes to swiftly respond to changing market demands."(Yonhap)Asiana's task force team went into operations to transform the financially-troubled full-service carrier