LS Materials, a South Korean energy storage device manufacturer, said on Tuesday the firm will further solidify its presence in sustainable energy and technology markets with the fund it would raise from its upcoming initial public offering slated for next month. As the company prepares to list on the secondary Kosdaq market, it's positioning itself as a pivotal player in emerging green industries, including ultra capacitors and electric vehicles. "We're seeking a third location f

Seoul to host world's largest privacy gathering in 2025

AliExpress, an online direct purchase platform owned by Chinese e-commerce giant Alibaba Group, is considering whether to set up a massive logistics center in South Korea in a sign of business expansion, according to industry sources on Tuesday. “Given the extent of AliExpress’ expansion here, the company would need at least five logistics centers to manage products upon their arrival in Incheon (the nation’s main international gateway),” an industry source told The Korea

Carmaker secures 8 patents in US, Europe for world’s first wheel drive system

Swedish automaker underscores electric sport utility vehicle’s premium features, reasonable prices

LG Electronics CEO Cho Joo-wan will lay out the blueprints for the home appliance giant’s vision and innovation in artificial intelligence-based future growth a day ahead of the opening of the Consumer Electronics Show in January in Las Vegas, according to the company on Tuesday. Under the theme of “Reinvent your future,” the CEO will unveil the company’s key focuses for next year at the company’s global press conference, dubbed the “LG World Premiere,”

Mercedes-Benz Korea said Tuesday that the automaker held a fan meeting with Lee Sang-hyeok and Moon Hyun-jun -- two players of Korea's League of Legends team T1, better known as Faker and Oner, respectively -- at the Yongin AMG Speedway in Gyeonggi Province on Monday to celebrate T1's victory at the LoL World Championship Finals earlier this month. Mercedes-Benz is an official sponsor of T1. In this photo, Lee poses with the high-performance electric vehicle Mercedes-AMG EQE on the rac

Harman, Samsung Electronics' audio and automotive component subsidiary, said Tuesday it acquired Roon, a popular music player platform, to strengthen its home audio business. Roon is a music player platform for enthusiasts, featuring a rich interface for browsing and discovering music, compatibility with almost any audio device and a playback engine designed to deliver the best possible sound, according to Samsung. Roon is available on all popular operating systems, and the firm also manu

The Korean Intellectual Property Office, under the leadership of Commissioner Lee Insil, has been implementing multiple measures to support high-tech industries by speeding up patent processes, particularly in semiconductors and displays, while also tackling technology leakage and enhancing international intellectual property protection. This follows President Yoon Suk Yeol’s announcement made last month to invest 25 trillion won ($19.2 billion) in 12 key strategic technologies over the

The Korean Intellectual Property Office has moved to strength relations with authorities in the Middle East to pursue cooperation in intellectual property fields, ranging from manpower training to patent information utilization. According to the KIPO, its commissioner, Lee Insil, held a series of meetings with her Middle Eastern counterparts during an official visit to the United Arab Emirates and Saudi Arabia on Oct. 20-22. Lee and Abdulla Al Saleh, the UAE's undersecretary for the Economy

Hyundai Motor plans to halt its factory in Asan, South Korea, to construct an electric vehicle plant in the period between Dec 31. 2023 to Feb. 13 2024, the South Korean automaker said in a regulatory filing on Monday. Hyundai Motor said it plans to resume operations at the Asan factory on Feb. 14.

"I always drink iced Americano, even in winter," said Kim, an office worker in her 30s who identifies as an "eoljukah" person. Eoljukah is a portmanteau of the words for "Even if I freeze to death, iced Americano!" It refers to people who are die-hards for the espresso topped off with water and ice, no matter how cold the weather is. The eoljukah trend has steadily grown among Korea's office workers, as iced Americanos are now ubiquitous in cafes and convenienc

Posco Group will hold a board meeting next month possibly to start its search for its new chairperson, according to industry sources on Monday. It remains to be seen whether Posco Chairman and CEO Choi Jeong-woo will seek a third term. His second term ends in March next year. Under the group’s internal policy, the current CEO should be reviewed first if he wishes to run for another term. But sources say the group is likely to revise the rule amid growing calls for a more transparent CEO se

Korea Water Resources Corp., or K-water, announced Monday it has signed an agreement with Ukraine's war-torn suburb of Bucha to support its recovery and the construction of an industrial complex there. The state-run public water management company on Friday signed a memorandum of understanding with Bucha to cooperate on the area's recovery and the refurbishment of a water facility system. The deal was inked at the agency's Hangang River Basin Management Division in Gwacheon, Gyeon

Carmaker becomes first legacy brand to go online; Dealer incentives to focus more on EV sales