Jim Rogers, a famed investor and chairman of Rogers Holdings, said a unified Korea is just around the corner and the Korean Peninsula will be the world’s most attractive place to put money on. Describing the botched US-North Korea summit in Hanoi last week as only a “bump in the road,” Rogers said the reunification of the two Koreas is already happening. “It’s a delay and it’s something that’s inevitable. It’s going to happen. ... North Korea wants it, South Korea wants it, China wants it (and)

Buoyed by incentives, SK innovation ready to break ground in Georgia

LS Cable & System is slated to sell a 49 percent stake in its subsidiary LS Alsco to local private equity fund Keistone Partners with the aim of securing capital to foster its electric vehicle parts business, according to a regulatory filing on Wednesday. The company will retain a 51 percent stake in LS Alsco and the sale is expected to be fetch 30.9 billion won ($27 million). LS Alsco, which specializes in aluminum, will expand its business into related materials for EV parts. LS Cable & System

South Korea is the “clear leader” in the 5G National Leadership Index, ahead of the US, Australia, Switzerland and Finland, according to London-based global management consulting firm Arthur D. Little.ADL recently assessed 40 countries on leadership in the fifth-generation network, based on the availability of infrastructure and commercialization tendency.  KT CEO Hwang Chang-gyu delivers a keynote speech during the opening ceremony of 2019 MWC in Barcelona last week. KTAt the beginning of March

SEJONG - In large discount chains nationwide, it has become easy to find consumers putting beer products into their carts with such brands as Hangang, Gangseo, Dalseo and Jeolla.The names of Hangang (Han River) and Gangseo (a district in Seoul) originate from beer producer Sevenbrau’s headquarters, which is located at the Gangseo Hangang Xi Tower in Gayang-dong, Seoul. Dalseo is a district in Daegu, and Jeolla refers to the two provinces in the southwest of the country.Shoppers could buy four 33

South Korea ranks 13th in the world in terms of its intellectual property standards, a new US report showed, down two notches from the previous year.The Global Innovation Policy Center’s report on International Intellectual Property Index 2019 showed that Asia’s fourth-largest economy was given 36.06 points out of 45 this year, according to the Ministry of Science and ICT on Wednesday. 2019 International IP Index 2019 (GIPC)The GIPC, a research institution affiliated with the US Chamber of Comme

　Police announced Wednesday they have developed a crime prevention app to tackle sexual harassment on the subway through massive data collected via major telecom company KT. 　The Korean National Police Agency said it had come up with a digital prevention system for sexual crimes on the subway after conducting big data analysis with KT. The system will be available to the public next month after being applied to patrolling work of police, the KNPA said. 　According to police, the app allows users

CPE Cell, a clean energy developer in South Korea for the reduction of greenhouse gas emissions, has unveiled an artificial intelligence platform dubbed “Clean Development Mechanism Work Owner Device,” as part of its project to brace for certified emissions reductions.CDM Work Owner Device is the first-step technical module of an AI platform, which is fostered for generating and trading CERs, according to the company that holds its headquarters in Yeoksam-dong, Seoul.It is a device delivering CD

During a launching ceremony Wednesday, LG Electronics announced price cuts for its flagship organic light-emitting diode TV lineup and vowed to boost annual sales of OLED models, which are up against liquid-crystal display TVs. Including the LG OLED TV AI ThinQ, the company unveiled nine OLED TV models featuring the second generation of deep-learning processor Alpha 9, which will be released in the market this week. The Alpha 9 Gen 2 processor in LG’s W, E and C series of OLED TVs elevates pictu

Hyundai Motor unveiled the eighth-generation new Sonata on Wednesday with drastic design changes and a “smart” engine.The Korean automaker said the new Sonata’s design, dubbed Sensuous Sportiness, was inspired by last year’s Le Fil Rouge concept that was first unveiled during the Geneva Motor Show. The new Sonata (Hyundai Motor)The new Sonata’s change can be recognized from its exterior design, the carmaker said, which has adopted a coupe-like frame, sloping roofline and low deck lid to make the

With prolonged nationwide warnings on high fine dust levels, household and health care products to combat it saw a steep rise in sales, industry data showed Wednesday. The South Korean authorities on Tuesday enforced emergency measures for the sixth consecutive day in Seoul, Incheon and Gyeonggi and the North and South Chungcheong provinces.According to eBay, its domestic e-commerce websites G-Market, Auction and G9 saw up to sevenfold jump in sales of products designed to filter fine dust from

Samsung Life Insurance may have to sell stakes in Samsung Electronics if related bill passes

LSIS, a South Korean energy solution provider, has completed the construction of a solar plant in Japan capable of producing 18 megawatts of electricity a year, the company said Wednesday.The 46 billion won project was built on 300,000 square meters of land in Ishikawa Prefecture of Honshu. LSIS won the project in 2017. Its office in Japan will also run operation and maintenance of the plant for next 20 years.The plant in Ishikawa is the third large-scale solar plant built by LSIS in Japan. (LSI

South Korean solar-panel manufacturer Hanwha Q Cells has filed patent infringement complaints against three companies over allegations that they used its technology and imported it to the US, officials in Seoul said Wednesday.The solar-panel making unit under Hanwha Group filed the complaints against Jinko Solar Holding Co., Longi Solar and REC Group with the US International Trade Commission on Tuesday. It also sued the same companies at the US District Court for the District of Delaware, and s

President Moon Jae-in on Wednesday vowed increased support for venture firms as the key driver of innovation and growth.Moon has been putting an increasing emphasis on regulatory reforms and new technology businesses recently as his trademark income-led growth policy apparently failed to spur employment and consumption last year. (Yonhap)During a briefing on venture business policies, he noted countries across the world are competing fiercely to take the lead in new innovative businesses and tha