Passenger travel on Korea-Chinese routes stayed at 13 percent of pre-pandemic levels in the January-April period in contrast with a rapid recovery in other Asian routes, the transport ministry said Monday. In the first four months, the number of passengers on the routes between the two countries stood at 730,817, plunging from 5.65 million during the same period of 2019, according to data from the Ministry of Land, Infrastructure and Transport. But passenger travel on many other Asian routes is

Finding a pediatric clinic in South Korea has become increasingly difficult due to a continuing shortage of pediatricians, leading to longer wait times for patients to get treated. “It is very common to wait for dozens of people who made reservations before you,” Yoo, a mother of a 4-year-old boy, told The Korea Herald. Yoo, 35, who is living in Gyeonggi Province, said her child had a fever last week and had to take him to a local hospital. When she made a reservation at around 3 p.m

Fashion houses introduce young K-pop stars as their faces, join hands with street brands for younger brand image

South Korea's top trade official has discussed a variety of issues, including the Inflation Reduction Act (IRA), with the United States Trade Representative Katherine Tai, his ministry said Saturday. On the sidelines of a meeting of Asia Pacific Economic Cooperation (APEC) trade ministers in Detroit earlier this week, Trade Minister Ahn Duk-geun also discussed issues related to the US-led Indo-Pacific Economic Framework (IPEF). Ahn also held talks with China's Commerce Minister Wang

Daewoo Engineering & Construction announced Friday that Jungheung Group Vice Chairman Jung Won-ju will become chairperson of the company, starting June 1. Jungheung Group is the largest shareholder of Daewoo E&C with a controlling 50.75 percent stake after completing the acquisition process last year. Daewoo E&C said the latest change in its leadership has been made to boost its business in overseas markets. “The latest appointment as the company’s chairman will be a grea

Mirae Asset Global Investments said Friday that it held a gathering of executives worldwide to discuss the asset manager's future direction in the global exchange-traded fund business and to evaluate the current status of each market. With 70 CEOs and chief investment officers of Mirae Asset's overseas subsidiaries in attendance, ETF Rally 2023 took place from Monday to Wednesday in Seoul and Hongcheon, Gangwon Province. During the event, the executives introduced the ETF business in e

South Korea’s second-largest steelmaker said Friday that it has obtained a low-carbon product certification for its flagship H-beam steel product from the Ministry of Environment, the first to do so in the domestic steel industry. With the latest attainment, Hyundai Steel has secured Environmental Product Declaration certifications for a total of 13 products and a low-carbon product certification for one item. Low-carbon product certification is granted to products with carbon emissions be

  With South Korea’s homegrown Nuri rocket’s successful launch to space, five out of eight satellites carried on board made two-way communication with ground stations, the Ministry of Science and ICT said Friday. The country’s King Sejong Station in Antarctica received the first signal from the main payload NEXTSat-2 or second next-generation small satellite at 7:07 p.m. Thursday, according to the ministry. A ground station in Daejeon also made contact with the satellite a

Celltrion said Friday that the company has submitted a marketing authorization application for CT-P43, the company's ustekinumab biosimilar referencing Stelara, to the European Medicines Agency. Stelara is one of Janssen's top-selling drugs. In 2022, Stelara generated $9.7 billion in revenue, according to a report released by Statista. The global market for ustekinumab last year was estimated at $17.7 billion, Celltrion added. Celltrion said its CT-P43, like the reference drug Stelara,

Hyundai Motor Group said Friday that it has agreed with LG Energy Solution to jointly build an electric vehicle battery manufacturing plant in the US, expanding their footing in the burgeoning clean car market there. Under a joint investment of 5.7 trillion won ($4.3 billion), the two companies plan to start construction of the plant later this year. With an annual production capacity of 30 gigawatt-hours, enough to supply approximately 300,000 fully electric cars, the plant will commence operat

South Korean internet giant Naver has carried out an extensive renewal of the interface of its search engine to maximize user experience for super-personalized results based on artificial intelligence, the company said Friday. Naver, which operates the country’s No. 1 web portal and search engine, said it has optimized the platform for AI search, responding to rising competition with the emergence of generative AI. Naver adopted the “Air Search” algorithm for its search engine

Hyundai’s revamped compact SUV can drive up to 417 km on single charge

Hundreds of Korean travelers who traveled to Northern Mariana Islands including Guam and Saipan are left stranded on the islands as of Thursday, with Super Typhoon Mawar lashing the territory with strongest downpour of wind and rain the region has seen in decades. According to Hana Tour, a Korean travel agency, approximately 230 travelers failed to take the return flight home on Tuesday due to the storm. "We heard from the local sources in Guam that Guam's airports will be closed until

South Korean steel giant Posco said Thursday that the company completed a new high-strength steel plant in China in a preemptive measure to respond to soaring demand from the burgeoning Chinese electric vehicle market. The new facility, located at Posco-CSPC (China Suzhou Processing Center), is a plant specialized in producing “Giga Steel,” the brand name for Posco’s advanced ultra-high tensile strength steel. The company said the advanced high-strength steel product can withst

LG Electronics said Thursday it has kicked off mass production of electric vehicle chargers, officially tapping into the burgeoning market. Celebrating the production of its first EV charger, the company introduced four new models in the works at a ceremony at LG Digital Park in Pyeongtaek, Gyeonggi Province, Wednesday. During the event, the company announced the rebranding of its EV charger affiliate AppleMango to HiEV Charger. “The start of EV charger production marks a significant miles