Trade ministers of South Korea and the Netherlands on Tuesday agreed to further strengthen bilateral cooperation on various industries, especially in the semiconductors amid growing pressures from the US to curb investment in China. South Korean Minister for Trade Ahn Duk-geun met with Dutch Minister for Foreign Trade and Development Cooperation Liesje Schreinemacher to exchange views on the two countries' partnership on economic security. They agreed to further strengthen complementary c

LG Chem said Tuesday that the company signed a deal with the United Nations Children's Fund to supply two pediatric vaccines. Under the deal, LG Chem will supply $100 million worth of its polio vaccine Eupolio and $100 million worth of pentavalent vaccine Eupenta, which works for five different indications including tetanus, diphtheria, pertussis, hepatitis B and Haemophilus influenzae. LG Chem will supply Eupolio for two years from 2024, while the supply of Eupenta will begin this year and

Auto giant leads 1st social responsibility project of Korea Chamber of Commerce and Industry

With planned acquisition, Hyundai, Kia’s combined production capacity to exceed 1 million units in world's 3rd largest car market

South Korea’s IT solutions provider LG CNS said Tuesday it has signed a memorandum of understanding with SAP, the German software giant, to bolster their strategic partnership in building next-generation enterprise resource planning, or ERP, solutions. The MOU signing ceremony was held at SAP’s headquarters in Walldorf, Germany, on March 10, with LG CNS CEO Hyun Shin-gyoon and SAP CEO Christian Klein in attendance. Under the MOU, the two companies agreed to develop and operate new ER

Koreans drink an average of 2 to 3 cups of coffee every day; Coffee consumption highest among those in 40s, 50s

South Korean food and bakery giant SPC Group said Monday it has appointed Ha Joo-ho, former communications director of Hotel Shilla, as its new communications chief. Ha is a communications veteran who spent most of his career at Samsung companies. The 59-year-old graduated from Seoul National University with a degree in journalism. After joining Samsung Life Insurance in 1989, he served in diverse communications positions at Samsung’s key affiliates, including Samsung Group. He was promote

South Korean telecom operator LG Uplus announced Tuesday that it will launch a live chat customer service platform in foreign languages, including English, Chinese and Vietnamese, to better respond to a recent surge in visitors to Korea. The company said more than 1,000 customer consultations were carried out during the pilot operation period over two months, confirming the increased demand for foreign language services. According to recent immigration data, about 460,000 foreign nationals arriv

US tech behemoth Apple said Tuesday it will open its fifth retail store in South Korea later this month, expanding its presence in the country, home to its archrival Samsung Electronics. Named Apple Gangnam, the store will open near the Shinnonhyeon Subway Station in southern Seoul on March 31. The location is less than a kilometer away from three skyscrapers owned by Samsung Group. The three buildings are home to Samsung’s financial units after Samsung Electronics relocated to an office b

Toss Securities announced Tuesday that it has named Kim Seung-yeon, general manager of TikTok’s Southeast Asia global business solution, as its new CEO. Born in 1980, Korean American Kim is known to be a marketing expert with over 15 years of experience in the field. “Our current CEO Oh Chang-hoon wants to focus on his original CTO position and contribute to the firm further in that capacity. Although Oh still has remaining tenure, we have decided to name a new CEO,” a To

South Korean personal mobility startup Swing said Monday that it is starting services for foreign users by diversifying identity verification methods to include passports and international driving licenses. In a recent mobile application upgrade, foreign nationals living or visiting Korea can register for a membership through a simpler identification process to use the company’s mobility services using electric scooters, bicycles, or boards. Currently, the app supports Korean and English,

The government will examine the liquor tax system, which has been propelling recent increases in beer prices amid the persistent inflation. According to the Korean Statistical Information Service’s data on Monday, the price index for beer products at restaurants and outdoor dining establishments has increased to 112.63 in February, up 10.5 percent compared to the same month a year ago. It was higher than the increase of the price index for beer products at discount and convenience stores:

Experts call for government intervention, especially on sensitive information sharing, China business

Some 38,000 new members join Hyundai Card in January alone amid rumors on Apple Pay partnership

Despite pandemic disruptions, Able C&C sees 15.5% growth in Japan sales in 2020-2022