LG Electronics’ promotional videos, featuring the company’s refurbished “Life’s Good” slogan, are displayed on billboards in the bustling Hongdae district in western Seoul on Tuesday. The tech giant is starting a two-month campaign to promote its renewed brand identity across 17 key areas in the city.

LX Hausys’ exhibition booth is set up at the Interzum 2023, the world’s largest gathering of the building materials industry that kicked off in Cologne, Germany, Tuesday. In its renewed push for expansion in Europe, the company plans to showcase some 70 types of eco-friendly and high-performance furniture films during the four-day trade show.

BMW Korea Future Fund will offer an opportunity to check out the German automaker's green energy technology at the upcoming Seoul Safety Festival taking place from Thursday through Saturday in Yeouido Park, the nonprofit organization said Wednesday. The nonprofit will display its Next Green To-Go mobile energy storage system, which uses electric vehicle batteries, to show the importance and different ways of using eco-friendly energy. The German luxury carmaker set up the fund in 2011 to

RIO DE JANEIRO -- Artificial intelligence could replace 80 percent of human jobs in the coming years -- but that's a good thing, says US-Brazilian researcher Ben Goertzel, a leading AI guru. Mathematician, cognitive scientist and famed robot-creator Goertzel, 56, is founder and chief executive of SingularityNET, a research group he launched to create "Artificial General Intelligence," or AGI -- artificial intelligence with human cognitive abilities. With his long hair and leopard-

Jeju Air Co., South Korea's biggest budget carrier, said Tuesday it shifted to a net profit in the first quarter from a year earlier on recovering travel demand amid eased COVID-19 curbs. In the three months ended in March, Jeju Air swung to a net profit of 48.19 billion won ($36 million) from a net loss of 64.91 billion won during the same period last year, the company said in a statement. "Increased flights to Southeast Asian countries helped offset lackluster travel demand to China,

South Korean oil refiner S-Oil, wholly owned by Saudi Arabia’s state-run Aramco, said Tuesday it has appointed Anwar A. Al-Hejazi as the company’s new CEO. “Al-Hejazi’s expertise in the global energy industry as an officer of Aramco will contribute to boosting S-Oil’s business and growth in global markets,” S-Oil’s board of directors said in a statement about the appointment during a shareholders meeting. S-Oil said Al-Hejazi has shown leadership in dive

Posco Group said Tuesday the company transferred the ownership of its completed “sea forest” -- an artificial reef constructed underwater off the coast of Ulleungdo, an island east of mainland Korea -- to Ulleung County, in a bid to celebrate Ocean Arbor Day, which is recognized on May 10 every year in Korea. Built three years ago in Ulleung County, the sea forest is one of Posco’s corporate citizenship activities aimed at restoring the marine ecosystem and reviving the fishery

Seo Jung-jin, the founder and chairman of South Korean biopharmaceutical firm Celltrion, made an official apology to its shareholders regarding the controversy over his children born out of wedlock via a statement posted on Celltrion’s official website on Monday. “Though my personal issues released through the media may not all be true, I sincerely apologize for causing an irreparable disappointment to our shareholders with my past follies and reckless behavior,” the statement

Upon visit to carmaker’s Ulsan plant, finance minister promises more tax cuts for EV industry

Celltrion said Tuesday that the company decided not to acquire BioPharma Solutions, a leading provider of sterile contract manufacturing solutions owned by US-based medical device maker Baxter International. “Celltrion reviewed the acquisition but decided not to make the investment,” an official from Celltrion said. Celltrion’s announcement came after Baxter International's statement was released on Monday, in which the company said it signed a definitive agreement to dive

Years of cost-cutting efforts prove effective in elevating carmaker’s global competitiveness

The CEO of Germany-based artificial intelligence company DeepL affirmed the company’s vision to strengthen its presence in Korea by providing more advanced and accurate translation as a service -- DeepL Pro -- from August. DeepL Pro is an advanced subscription-based service that allows users to take full advantage of in-house AI translation technology. It offers user-optimized web translation and the ability to integrate into algorithmic translation software, according to the CEO. In Janua

Hana Financial Group Chairman Ham Young-joo has made it his mission this year to position the financial group as a leader in addressing the issue of a declining birth rate in the country. "The declining birth rate is a social issue that finance firms should be paying attention to. It is one of the primary areas where financial firms should be taking a leading role," Ham said in a statement. This move came after Korea's fertility rate, or the average number of children a woman bear

Samsung, SK join public-private consultative body to spur innovation on advanced chips

Kim Dong-seon, head of strategic management at Hanwha Galleria and the third son of Hanwha Group Chairman Kim Seung-youn, participates in an on-site cooking training session held at a Five Guys store in Hong Kong. Under the leadership of the Hanwha heir, Hanwha Galleria, the retail arm of the nation’s seventh-largest conglomerate, is launching the first Five Guys outlet next month in Gangnam, southern Seoul.