Doosan Robotics, South Korea’s largest collaborative robot manufacturer under the conglomerate Doosan Group, said Monday it will supply chicken-frying collaborative robots to fried chicken franchise Kyochon F&B. Under the deal, Doosan will install its first collaborative robot at Kyochon F&B headquarters in Osan, Gyeonggi Province within this month, with plans to do so at other Kyochon franchise stores nationwide. Doosan Robotics co-CEOs Park In-won and Ryu Jung-hoon, Kyochon F&

Two firms express interest in entering market as specialized pet insurance companies

LG Electronics said Monday it is displaying a promotional video, spreading the message of water conservation and fighting hunger, at New York's Times Square and London's Piccadilly Circus in celebration of this year's World Food Day on Oct. 16. The video, produced by the Food and Agriculture Organization of the United Nations, will be screened for 13 days until Sunday on LG screens at the two landmarks. (LG Electronics)

SK Ecoplant announced Monday that its Singaporean unit TES-AMM has processed and recycled over a cumulative 6,000 metric tons of discarded batteries. Electronic waste recycling company TES has been processing and recycling lithium batteries retrieved from mobile devices including smartphones, tablets, and laptops. Considering that the batteries in such devices weigh about 50 grams, the total processed amount is equivalent to some 120 million units of devices, the company estimated. Rare metals s

South Korean conglomerate Hanwha Group said Monday that it has crafted next year's braille calendars for the blind and visually impaired, continuing the company's social contribution activity for a 24th consecutive year. According to Hanwha, the group made 40,000 calendars this year, with employees participating in the process last week. With this year's edition, the accumulated number of braille calendars made by Hanwha since 2000 stands at 920,000. (Hanwha Group)

The labor union of Kia Corp., South Korea's second-largest automaker, said Sunday it has failed to settle wage talks with the company again, raising the possibility of it staging a partial strike starting later this week. Unless the two sides resume negotiations and reach an agreement by Tuesday, the union is expected to go on an eight-hour strike from Tuesday to Thursday and a 12-hour walkout on Oct. 20 as planned. The move by Kia's union came as unionized workers of Hyundai Motor Co.

South Korea signed a bilateral free trade deal with the United Arab Emirates Saturday, hoping to provide a tailwind for Korean automakers' outbound shipments and to help securing stable source for crude oil. The two countries concluded talks towards a Comprehensive Economic Partnership Agreement, a kind of FTA that covers trade in services and investment and regulatory aspects, as well as goods. Under the deal, Korea will remove tariffs on 92.8 percent of all items traded, and the UAE will

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Korea expects to log record-high $20b in defense exports this year

The sale of South Korea's No. 1 container shipper HMM, which is anticipated to be one of Korea's largest mergers and acquisitions for the second half of 2023, could hit a snag amid a slowdown in the shipping industry, according to industry sources on Sunday. In November, state-owned Korea Development Bank, the largest shareholder of HMM, is reportedly scheduled to select its preferred bidder for the acquisition. Earlier this month, acquisition candidates for HMM were narrowed down to a

SK Group Chairman Chey Tae-won discussed economic cooperation with high-ranking government officials from Estonia and the Caribbean Community (CARICOM) during their official visits to South Korea earlier last week, according to the Korean conglomerate on Sunday. On Friday, Chey hosted a luncheon meeting with Estonian President Alar Karis, and other high-ranking officials at the SK building in Seorin-dong, Jongno-gu in Seoul, where they agreed upon various collaboration opportunities between the

LG Innotek, an electronic component manufacturer under LG Group, said Sunday that it had earned three international patents in the field of electric vehicle charging. “To leap forward as a No. 1 global company, it is essential to systematically manage and secure international patents and intellectual property rights for core technology,” said Kim Jin-hyun, head of the intellectual property division of the company. “Through our continuous R&D efforts in the field of IP, we w

South Korea and the United Arab Emirates have agreed to increase the maximum number of commercial flights connecting the two countries to 21 per week, according to the transportation ministry Saturday. The agreement to raise the current ceiling of 15 flights per week was reached during aviation talks held in Seoul on Thursday and Friday. The UAE has reportedly demanded that South Korea expand the number of allowed bilateral flights, as much as threefold or fourfold, from the current ceiling. The

South Korea’s top wire and cable maker, LS Cable & System Asia, has secured a partnership with a Vietnamese state-run company as part of its bid to foray into the underwater cable market in Southeast Asia. LS Cable & System Asia announced Thursday that it has signed a memorandum of understanding for a submarine cable business partnership with PetroVietnam Technical Services Corporation, a subsidiary of Vietnam-owned oil and gas group, PetroVietnam. PTSC provides the technical servi