Korean streaming platform Coupang Play has showed the fastest year-on-year subscriber growth in the country, outpacing other local and global competitors to reach a milestone 6 million subscribers last month, less three years since its launch, according to a ranking announced by WiseApp on Friday. A total of 6.34 million people were subscribing to Coupang Play as of last month, according to WiseApp, which analyzes user behavior of mobile applications, in its August analysis of the number of subs

LG Energy Solution said Tuesday it will expand its footing in the burgeoning energy storage systems market in the US. ESS refers to a device or group of devices assembled to convert the electrical energy from power systems and into energy that can be stored for later use. It can be used in a variety of settings ranging from power grids to commercial buildings and residences. The company has unveiled its latest ESS business vision and technologies at the Re+ 2023, one of the biggest renewable e

Naver Cloud said Tuesday that Ilan Goldfajn (right), president of the Inter-American Development Bank, visited the South Korean tech giant’s new building, Naver 1784, at their headquarters in Bundang, Gyeonggi Province, on Monday. During their visit, IDB officials were briefed on Naver’s hyperscale AI model, Hyper Clova X, and cloud computing technologies. (Naver)

A 70-meter ship featuring a light-emitting diode sculpture for Samsung Electronics' Galaxy Z Flip5 cruises down the Huangpu River in Shanghai on Thursday. Samsung launched its latest foldable phones in China last month, and says the phones have been selling better than their predecessors, without elaborating on the exact sales figures. (Samsung Electronics)

Applied Materials Korea, a subsidiary of the global leader in the materials science and engineering industry, has been named one of South Korea’s Premier Employers by The Ministry of Employment and Labor. This is the third time the company has received this honor, after 2020 and 2022. The ministry made the announcement at an event held on Monday at its regional office in Seongnam, Gyeonggi Province. The Premier Employers Initiative celebrates businesses that provide top-tier job opportunit

HD Hyundai Oilbank's new design featuring its updated corporate identity is displayed at the GRC gas station in Bundang, Gyeonggi Province, Tuesday. The design, renewed for the first time in 23 years, has blue and green lines against a white background as its prominent feature, underscoring simplicity. The two lines on top converge with a gap, creating an eye-catching and yet harmonious aesthetic. The two lines are illuminated brightly on the gas station roof, enhancing visibility at night.

South Korean conglomerate Hanwha Group said Tuesday that it will stage its biggest event yet at the 2023 Seoul International Fireworks Festival at Hangang Park in Yeouido on Oct. 7. The annual event, organized by Hanwha Group as part of its social contribution program, typically draws an audience of one million people every year, with participation from various countries. Under the theme "Lights of Tomorrow," this year's event will feature a total of three teams from Korea, Chin

Tim Hortons will open its first store in South Korea this year, officials said Tuesday. On Tuesday, Canada's top coffee chain officially began preparing for the opening of its shop in the Urban Hive building in Seoul's southern Gangnam district later this year, the officials said. The exact date of the opening has yet to be determined. The 335-square-meter store will serve Tim Hortons' popular coffee and donuts, including its signature bite-sized Timbits. "We are very happy t

Hyundai Engineering and Construction on Monday announced a strategic equity investment in the energy tech startup 60Hertz, marking its foray into the emerging electricity brokerage market, part of the company’s larger strategy to solidify its position in new energy initiatives. Hyundai E&C's partnership with 60Hertz aims to launch Korea's first integrated IT platform for energy trading, fostering an IT-driven ecosystem to automate transactions between electricity producers an

Kolmar Korea announced Monday that the company has won a lawsuit against Italian cosmetics manufacturer Intercos’ local office here, which allegedly transferred trade secrets about sun care product technology. According to Kolmar Korea, the Seoul Central District Court has ruled in favor of Kolmar Korea in a civil case, in which Kolmar Korea accused Intercos Korea and its two former employees of stealing confidential technologies related to Kolmar’s sun care products. The court has o

Carmakers exporting EVs to France from their faraway home countries likely to face subsidy cuts under new carbon footprint-based rules

Yang Jong-hee pledges reviving the Indonesian unit, navigating leadership transition and addressing delinquency challenges

Futurist Richard Yonck says Korea's AI ecosystem should focus on harmonizing innovation with local context, ethics and anticipatory governance

BMW Korea Future Fund said Monday that it recently carried out special education activities for elementary school students in areas of North Gyeongsang Province and the Chungcheong Provinces damaged by the heavy rainfall in July. The free education programs, which allowed students to assemble a miniature version of BMW's all-electric vehicle, and gave them the chance to think about global warming, were offered to 238 students at five schools from Aug. 30 to Sept. 8. (BMW Korea)

Dong-A Otsuka, the nation’s leading beverage maker, said it launched a special edition of its mineral water brand Masinda, which won a gold award in the Monde Selection 2023 with a renewed packaging. Employees of Dong-A Otsuka gathered to celebrate the launch of Monde Selection special edition, featuring a golden sticker on the package, for its mineral water at the company’s office in Seoul on Friday. Monde Selection is an annual noncompetitive award that certifies the quality of foo