Major South Korean shipbuilder Hanwha Ocean Co. said Friday it has won a series of certifications for eco-friendly technologies from major global maritime rating agencies at an ongoing world gas industry exhibition. Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering Co., has obtained an approval in principle for the hold of a 70,000-cubic-meter liquefied carbon dioxide carrier from Norwegian accredited registrar and classification society DNV. The capacity of Hanwha Ocean's

Kim Young-shub, the new CEO of South Korea’s telecommunications giant KT Corp., vowed Thursday to make the company a leader in the digital era by converging the capabilities of the wireless carrier’s information technology and communication technology during his term. “By raising the level of KT’s ICT capabilities, we’ll discover new businesses with potential, such as health care and smart cities, and turn KT into a leading firm that stands shoulder to shoulder with

Local employees call for fairer treatment, criticize hefty dividends payouts to head office

HD Korea Shipbuilding & Offshore Engineering said Thursday it secured new orders for four very large ammonia carriers, or VLACs, totaling 616.8 billion won ($462.6 million), reaching its annual order target ahead of schedule. These orders, secured during the global gas and climate technologies event, Gastech 2023, with Singapore EPS and Greece Capital, increase the company's 2023 total orders to $15.94 billion, outpacing their annual target of $15.74 billion. Ammonia carriers play a piv

Creative director Dan Goods explains how design can solve space-related problems

Korean conglomerates eye growth in burgeoning market for EVs, batteries

The Mobile 360 APAC, the Asia-Pacific leg of the conference organized by the UK-based mobile industry nonprofit GSMA, kicked off the two-day event in Seoul on Thursday, under the theme of “leading a digital-first future.” It marked the first time the annual event took place in South Korea, as Singapore had been the key destination for the APAC conference. Some 1,000 government and mobile industry leaders from more than 50 countries gathered to share insights on the future of key tech

Lee Bok-hyun, the governor of South Korea's Financial Supervisory Service, made an unannounced two-day visit to China last week, marking the first visit there by an FSS head in six years. During his visit to Beijing on Aug. 31 and Sept. 1, Lee met with Li Yunze, head of China's National Financial Regulatory Administration, to discuss ways to strengthen financial ties and cooperation between the two nations. “China previously had various supervisory divisions, but it did not have

Coca-Cola Korea Company said Thursday it has launched its new plant-based drink brand Go:Good Oat, jumping on the vegan bandwagon. Made from European oats, the new drink is blended with oat syrup and rice bran oil. The two flavor options include plain with a clean taste and rich with a smooth taste. With a small, handy 195 ml package, the consumers can easily carry around and enjoy the oat drink anytime, anywhere. Even in busy mornings and short breaks, it can quickly give a feeling of “co

South Korean cosmetic giant Amorepacific announced Thursday that its high-end cosmetic brand Hera has entered the Japanese market. Riding on the global popularity of brand ambassador Jennie from Blackpink, Hera has been gaining traction in the global market, with its leading Black Cushion foundation logging over 8.56 million combined domestic and international sales. At the end of August, a pop-up store was launched at Shibuya Scramble Square, a large shopping complex in Japan’s capital.

GS1, a nongovernmental organization based in Belgium that manages the bar codes scanned over 6 billion times daily across the globe, is set to unlock the future of the global retail industry with next-generation bar codes by supporting companies and consumers to access abundant trusted product data. GS1 CEO Renaud de Barbuat called on Korean business leaders in the retail and logistics industries to take a leap towards the digital transformation by replacing the bar codes they are using with two

More than 600 aviation leaders gather in Korea to attend 2023 ACI CX Global Summit

By Oh Kee-woong Last weekend, my family and I went to a pet-friendly coffee shop near our house. It was heartwarming to see dogs and cats playing around while we enjoyed a cup of coffee. But under the current law, many pet-friendly cafes in South Korea are actually illegal, except for five places that have been granted as “special cases for demonstration.” According to current laws, even if you ordered a puppucino -- caffeine-free beverage for pets -- for your dog in illegal cafes, i

Hyundai Rotem, a railway, defense and plant systems provider under Hyundai Motor Group, said Wednesday it has unveiled its ground-based weapons system at the International Defense Industry Exhibition, or MSPO, Poland’s annual trade fair for military equipment. The company displayed the K2 Gap Filler Main Battle Tank, also known as the K2 Black Panther tank, its first fighting vehicle exported to Poland. It also displayed its K808 wheeled armored vehicle with improved performance for the fi

Samsung Electronics co-CEO Kyung Kye-hyun, who oversees the tech giant’s chips business, expressed confidence in the foundry competition with its archrival, Taiwan Semiconductor Manufacturing Co., in line with the construction of a new chip plant in Taylor, Texas. Kyung visited Seoul National University on Tuesday to deliver a special lecture, titled “Dream & Happiness of Samsung Semiconductor: Sustainable Future," to promising talents. The lecture was preceded by those previous