Coupang, the South Korean e-commerce giant, on Wednesday showcased the investments and innovations it made over the past decade at its Daegu fulfillment center, one of Asia's largest. The event was attended by US Ambassador Philip Goldberg and Korean government officials, including the deputy mayor of Daegu Metropolitan City and officials from the Science and ICT Ministry. Kang Han-seung, the representative director of Coupang, and its Chief Administrative Officer Harold Rogers also joined

IT behemoth keeps mum on compensation plan for individual victims

Nguyen Hong Dien, Vietnam’s minister of industry and trade, on Tuesday urged South Korea to invest in clean energy and mineral resource development, in a step toward strengthening the two countries’ bilateral ties. “In a few weeks, Vietnamese government will approve the country’s long-term eight master plans centering on renewable energy. We hope South Korean companies invest in mineral resource development here, that is essential to the energy industry,” the mini

South Korea, the United States and Japan should work closely together to address geopolitical challenges pressing Northeast Asia and beyond, SK Group Chairman Chey Tae-won said at a forum. Chey made the remarks at the 2022 Trans-Pacific Dialogue in the US, an annual gathering hosted by the Chey Institute for Advanced Studies, an SK-affiliated think tank named after the chairman's father, SK Group founder Chey Jong-hyun. The three-day forum, which kicked off Monday, was attended by former an

LG Innotek said Wednesday it has successfully developed new types of high-performance hybrid lenses for autonomous driving that have reduced size and thickness while increasing price competitiveness compared to existing products in the market. Camera lenses are a key component of autonomous driving solutions as they help detect the driver’s movements, according to the company. LG Innotek has showcased two new hybrid lenses — one to be used in the Driver Monitoring System (DMS), and a

Smilegate Foundation, the charity arm of South Korean gaming giant Smilegate, said Wednesday it has opened two new community learning centers on Nov. 28, to support literacy education for women and children in Bhutan. According to the foundation, the centers, which were built together with UNESCO and Bhutan’s Education Ministry, seek to provide women and children in remote areas with access to education, with the hopes of increasing their overall quality of life. The charity foundation ran

The Philippines on Wednesday renewed its calls for cooperation with South Korea regarding its push to resume the long-stalled project to build a nuclear power plant, Seoul's industry ministry said. Mark O. Cojuangco, chief of the Southeast Asian nation's special commission on nuclear energy, made the request during a meeting with senior South Korean industry official Cheon Young-ghil in Seoul, according to the Ministry of Trade, Industry and Energy. The Philippines launched the project

Apple Inc. said Wednesday it will introduce the new pricing policy, including changes in tax calculation for South Korean app developers, from next year in a move to comply with the local antitrust regulator's probe. "Apple today announced the most comprehensive upgrade to pricing capabilities since the App Store first launched, including changes to tax calculation that will allow Apple to reflect taxes in the commission calculation to increase developer proceeds in South Korea and six

A Seoul court on Tuesday ordered SK Group Chairman Chey Tae-won to pay 66.5 billion won ($50 million) in property division to Roh So-young, ending the couple’s marriage of 34 years. Chey will also have to pay 100 million won in alimony, the court added. The Seoul Family Court announced its ruling on the divorce suit that was filed by Roh in December 2019. The court dismissed a separate divorce suit filed by Chey, saying he is the person who is responsible for the divorce. The couple’

BMW Korea said Tuesday that the German carmaker will begin selling its flagship sports activity vehicle the New X7 here. According to the carmaker, the New X7 will feature almost a complete face-lift as the model dons a new exterior design and a more luxurious interior. Prices of the different New X7 models range from 145.8 million to 179.6 million won ($111,300-$137,100).

Lee Jae-yong touts Middle East as "a land of opportunity"

Samsung Electronics said Tuesday that the company will collaborate with local internet giant Naver to develop next-generation semiconductor solutions for advanced artificial intelligence systems. The two companies will develop chip solutions that have greater capacity to process large-sized data, which existing computing systems have difficulties in dealing with, the firm said. The duo seeks to find new solutions that better address the bottlenecks in advancing AI systems and maximize efficiency

The Ministry of Science and ICT on Tuesday released the results of its investigation into the nation's worst-ever server shutdown in October, calling for all stakeholders -- SK C&C, Kakao and Naver -- to come up with emergency response system. On Oct. 15, a fire broke out in the battery room on the third basement floor of the SK C&C Pangyo Data Center at Pangyo, Gyeonggi Province. The fire at the data center -- which hosts South Korean online platform giants' data servers -- ca

Vietnamese president vows full support for Korean businesses

Samsung Electronics on Tuesday promoted a total of 187 executives in a year-end reshuffle, including young leaders in their 30s and 40s, in an apparent attempt to push for change amid business uncertainties next year. The total number slightly decreased from last year’s 198, but more research and development specialists were promoted. “We carried out an executive reshuffle based on their performance and growth potential with an aim to strengthen the company’s readiness for the