Korean first-generation robot developer boasts extensive lineup from gigantic deep-sea drill robot to microsized robot in blood vessels

South Korea's business sentiment slightly improved for June amid expectations that earnings in key sectors and domestic demand may improve, a central bank poll showed Wednesday. Local companies' business sentiment index for June came to 76, up from 74 tallied for the previous month, according to the survey by the Bank of Korea. The index measures corporate prospects for business conditions the following month. A reading below 100 means pessimists outnumber optimists. The rise appears t

South Korea was preparing Wednesday to launch its homegrown space rocket Nuri in a mission to put eight satellites into orbit. The 200-ton Nuri is set to blast off from the Naro Space Center in the country's southern coastal village of Goheung at around 6:24 p.m., according to the Ministry of Science and ICT and the Korea Aerospace Research Institute. In a meeting of Nuri's launch management committee Tuesday, the science ministry and KARI concluded Nuri's final technical inspection proceeded wi

The South Korean government and major carmakers will jointly invest more than 14.3 trillion won ($10.9 billion) to promote the transition of the conventional auto parts industry to gear up for a "speedy" and "flexible" transformation for future mobility, the Industry Ministry said Tuesday. In a roundtable meeting of private auto and automotive parts companies, the Ministry of Trade, Industry and Energy announced a support measure under which the government and automakers will

Demand for cold medicines has increased recently, as the seasonal flu has continued longer than usual. With the spurt in cold and flu cases, sales of cold medicines have increased while some pharmacies face shortages, according to data from the government and local pharmaceutical companies on Tuesday. “Demand for over-the-counter cold medicines seems to be higher than usual, and some prescription medications for cold and flu are difficult to get,” a pharmacist operating a pharmacy in

Kwon Hyuk-woong, vice chairman and close aide to Hanwha chief, named first CEO

Dutch chip equipment giant to boost R&D capacity in Korea, home to key clients Samsung, SK

Tech giant's health solution, running on Galaxy Watch, boasts 64 million monthly users globally

South Korean internet giant Kakao Corp. announced Tuesday that it held talks with officials from the Saudi Tourism Authority on building mobile infrastructure to revitalize tourism in Saudi Arabia at the Kakao headquarters in Pangyo. Top executives from both sides, including STA’s President of APAC Markets Alhasan Aldabbagh, and STA’s Chief Technology Officer Choon Quek attended the meeting. Saudi Arabia has selected Korea as one of its strategic partners by presenting the "Saud

South Korean steel giant Posco said Tuesday it has won three medals for new stainless technologies at the Stainless Steel Industry Awards held by Worldstainless, a non-profit international association, earlier this month in Brussels. The company touted the latest feat as yet another recognition of its technical prowess following its gold medal win at the same awards last year. This year Posco was the only company to win all three medals -- gold, silver and bronze -- in the new stainless technolo

Next-generation satellite mounted to test advanced space technologies

Hyundai Motor Group has developed a new technology that allows cargo trucks to have doors with both swing and slide mechanisms, the Korean auto giant said Tuesday. Based on consultations with courier drivers, the new technology will undergo durability and performance tests for potential mass production.

The nation’s largest discount store chain E-mart, owned by retail giant Shinsegae Group, suffered dismal sales in the first quarter this year, outpaced by its smaller rival Coupang for the first time, with a gloomy outlook for the rest of the year, according to local brokerage firms Monday. In the first three months of the year, E-mart posted 13.7 billion won ($10.3 million) in operating profits, a 60.2 percent fall from a year ago. Net profit also plunged more than 90 percent to 2.7 billi

Celltrion Healthcare, Celltrion’s overseas sales and marketing unit, announced Monday that the company has launched its Remsima SC in Brazil, the largest pharmaceutical market in South America. Remsima SC is Celltrion’s under-the-skin injection of infliximab biosimilar. In Brazil, the infliximab biosimilar received sales approval from the Brazilian Health Regulatory Agency in November. Celltrion Healthcare will be in charge of direct sales of the infliximab biosimilar in Brazil thr

Outlook mixed over costly tie-up with US brokerage firm Siebert Financial