Samsung heir Lee Jae-yong holds last-minute meeting with CEOs to discuss conglomerate’s possible plans for North Korea in the future

South Korea will become a global logistics hub benefitting giants in the industry here if a railway project aimed at reconnecting the South and the North is realized, experts at a forum in Seoul on Tuesday.“Strained ties between the South and the North have blocked the (international) logistics flow. But if the inter-Korean railway is reconnected all the way to Busan, neighboring countries will enjoy a large convenience in terms of time and costs,” said Na Hee-seung, head of the Korea Railroad R

Audi Korea delivered 700 units of the 2018 A3 40 TFSI compact sedan last month through its eight official used car dealerships nationwide, the company said Tuesday.Under a law enacted to improve air quality in capital regions, which was revised in 2013, carmakers that sell over 4,500 units annually are required to make up 9.5 percent of their sales with low-emissions cars such as pure electric vehicles and hybrid vehicles.Audi Korea’s quota for this year is 3,000 units, which it has fulfilled th

Ahead of the Chuseok holiday, Posco Daewoo, the trading unit of Posco, delivered gifts put together by employees to underprivileged children to share the holiday spirit, the company said Tuesday.About 300 executives and staff took part in putting together 360 gift boxes consisting of food and daily supplies, which were delivered to 360 underprivileged households in Incheon. “I believe Posco Daewoo should aim to be a good company where employees feel happy by creating new value and contributing t

South Korea will open a cruise port capable of accommodating 220,000-ton ships in the southeastern port of Busan to attract more passengers from abroad, the Oceans Ministry said Tuesday.The new port, which is 440 meters long and 45 meters wide, is the nation’s second cruise ship port, in addition to the one in the western port of Incheon, the Ministry of Oceans and Fisheries said.  This photo shows a fireworks display at the port of Busan on South Korea`s southeastern coast on May 25. (Yonhap)Th

Riot Games has opened an esports arena and culture entertainment complex for its hit online battle arena game “League of Legends” in Seoul. The US game maker said it had invested around 100 billion won ($88.9 million) in the new space, dubbed LoL Park, which is located on the third floor of the Gran Seoul building in Jongno, central Seoul. The space includes an esports arena for “League of Legends” players that can seat 400 spectators. It will host the 2018 LoL World Championship next month and

KT Corp., South Korea’s leading wireless and fixed-line services provider, said Tuesday it has been named the official provider of telecom services for the media during the inter-Korean summit this week.Under the agreement with the summit preparation committee, KT is providing telecommunication services at the press center established in Seoul for South Korean President Moon Jae-in’s three-day trip to Pyongyang, from Sunday to Thursday, including network services for TV broadcasting, according t

McDonald’s Korea said Tuesday that 200 million cars had used its drive-through service, McDrive, over the past 11 years.The first McDrive opened at Busan’s Haeundae store in 1992, becoming the first drive-through service in Korea and allowing customers to order and pick up food without leaving their cars. A McDonald’s Korea employee hands food to a McDrive user. (McDonald’s Korea)McDonald’s Korea currently operates the drive-through service at 250 stores across the nation, about 60 percent of it

Samsung heir Lee Jae-yong holds last-minute meeting with CEOs to discuss the conglomerate’s plans for North Korea

Kakao, the operator of South Korea’s most popular mobile messenger KakaoTalk, has officially adopted a new feature that lets users delete sent messages within five minutes of their delivery. The update has been applied as of Tuesday.　However, once a user deletes a message, the phrase “this message has been deleted” appears in place of the removed message on both the sender’s and receiver’s chatroom, leaving a conspicuous record of the deletion.　To delete a message, users can long-press a given m

To prepare for the upcoming commercialization of the fifth-generation network early next year, Huawei has been making sizable investments in research and development for 5G technologies, with the amount reaching some $13.2 billion last year alone, according to the company. That investment by the Shenzhen-headquartered network equipment and solutions provider equaled 14.9 percent of its annual sales. “For the next 10 years, the company will continue expanding investments -- more than $10 billion

LIG Nex1, South Korea’s second-largest aerospace maker and defense company in terms of defense revenue, has sealed an agreement with the US defense system certification agency KBR to gain US Department of Defense certification for Korean military arms, so that they can be equipped with the latest “identification, friend or foe” technology. IFF technology is designed to minimize the chances of “friendly fire” incidents, in which military forces misidentify a target and attack their own troops or

With sanctions intact, government reiterates denuclearization precedes economic cooperation with NK

A foundation led by Suh Kyung-bae, the chairman and CEO of cosmetics giant Amorepacific, has awarded research grants to five up-and-coming scientists in an effort to support their work and advance the life sciences, the Suh Kyung-bae Foundation said Monday.  Amorepacific Chairman Suh Kyung-bae speaks during an award ceremony, held at the Amorepacific headquarters last week to honor promising young scientists. (Amorepacific)The Suh Kyung-bae Foundation, a public trust established in 2016 with a m

Head of Bluehole’s Delusion Studio discusses unmet needs in the mobile RTS genre, gameplay design that better caters to foreign users