From a Korean student abroad to a foreign professor here, the impact of the won’s historically weak performance is felt by many

Onmind, a subsidiary of South Korean game-maker Neptune, said Friday its artificial intelligence virtual human model Sua has signed a three-year modeling deal to work with Thai advertising firm DDD. DDD advertises for large Korean conglomerates, Thai Airways and global luxury brands such as Chanel and Dior. It currently has advertisement billboards at major landmarks in Bangkok including Suvarnabhumi Airport, and malls Siam Paragon and MBK Center. Under the contract, Sua will appear on billboard

Samsung Wallet, a digital wallet and digital certificate platform known as Samsung Pay in South Korea, will become available in 13 more countries by the end of this year, tech giant Samsung Electronics announced Friday. The service will be expanded to Bahrain, Denmark, Finland, Kazakhstan, Kuwait, Norway, Oman, Qatar, South Africa, Sweden, Switzerland, Vietnam and the United Arab Emirates. With Samsung Wallet, Galaxy users can organize digital keys, payment cards, boarding passes, as well as ide

South Korea's car exports jumped 34.7 percent on-year in September on brisk demand for eco-friendly cars, data showed Friday. The value of outbound shipments of automobiles came to$4.79 billion last month, the largest ever for any September, according to the data from the Ministry of Trade, Industry and Energy. It is also the second-largest monthly figure after July 2022 when the amount came to $5.14 billion, it added. In terms of volume, a total of 192,863 vehicles were sold last month, up

South Korean lithium-ion battery manufacturer LG Energy Solution is set to complete a $916 million capital commitment for a factory in Ohio under Ultium Cells, LG’s joint venture with General Motors, as the factory prepares for mass production in the near future, a filing showed Thursday. LG Energy Solution's US subsidiary will have its committed capital to Ultium Cells fully earmarked by Friday, as LG's payments first began in January 2020, according to the filing with the Finan

South Korea's leading refiner SK Innovation celebrated 60 years since its foundation with a new climate initiative to become more carbon-free on Thursday. The company said it would go beyond achieving its 2050 net-zero goals, pledging to drastically reduce its carbon emissions across all workplaces by 2062, its 100th anniversary. Under a new initiative, called "All Time Net Zero," the company aims to offset carbon emissions by recycling plastic, streamlining manufacturing processes and

The Australian Chamber of Commerce in Korea said Thursday it has co-hosted a dinner reception for the visiting Australian Federal Minister for Trade and Tourism, Sen. Don Farrell at the Four Seasons Hotel Seoul on Wednesday. The minister came after his visit to Japan, in a tour that the AustCham explained was a strategic move to engage with Australia’s key partners to strengthen trade ties, promote Australia as a renewable energy superpower and discuss cooperation on economic security. Min

  South Koreans bought $600 million worth of real estate overseas last year mostly for investment purposes, a report showed Thursday. The transaction volume of foreign real estate bought by Koreans surged on-year by 53.8 percent to $600 million, according to a report from the Democratic Party of Korea Rep. Jin Sum-mi. The report, which was based on data from the Finance Ministry and National Tax Service, said individuals bought 2,404 properties, while companies purchased 51 in the cited per

  Like many global firms, South Korean robot maker Rainbow Robotics was established in 2011 at a research laboratory. Starting out as a robot platform company founded by a group of researchers from the Humanoid Robot Research Center at the Korea Advanced Institute of Science and Technology, the company now boasts a versatile lineup of collaborative robots, which are built to work hand-in-hand with employees at work. Such robots focus more on repetitive tasks, such as inspecting and picking

SK Trading International (SKTI), a subsidiary of SK Innovation that trades crude oil and petroleum products, said it will invest in a US company that produces electrofuels, or e-fuels, using captured carbon dioxide. Based in Sacramento, California, Infinium synthesizes hydrogen with carbon dioxide, using its gas-to-liquid technology, and is likely to be the first company to commercialize e-fuels, SK Innovation said. Infinium plans to begin its first commercial production of electrofuels early ne

An advertising campaign video for kimchi, co-produced by South Korea's leading kimchi maker Daesang and Seo Kyung-duk, an expert in promoting Korea overseas, plays in New York's Times Square on Monday. Under the slogan, "Taste the original," the campaign aims to promote Korea as the originator of kimchi as well as customer awareness worldwide.  

2 years after seizing leadership, Chung Euisun revamps carmaker’s image, turns W110tr empire into driver of mobility innovation

Renault Group will be investing hundreds of millions of euros in South Korea for the next six years to turn the country into an export hub for its mid to large-size vehicles, its CEO said Tuesday in Seoul. “We want to make Korea the key export hub for large (-vehicle) segments. Being in Korea is also a fantastic way for us to keep the group partnered to one of the most innovative tech ecosystems in the world. We have a lot to learn here,” said Luca de Meo during a press conference he

Christopher Koo, chairman of the Korea International Trade Association, has called for the US to allow at least a three-year delay in implementing a US bill on tax benefits for electric vehicles that is highly disadvantageous for Korean carmakers exporting EVs there. Koo met with US Sen. Jon Ossoff of Georgia on Tuesday (US time) to deliver KITA's position on the matter. KITA, one of the largest trade lobbies in Korea, represents some 2,000 firms. “Koo asked the senator to consider dela

South Korean wireless telecommunications operator SK Telecom, which operates its own metaverse platform called ifland, said Wednesday it signed a deal with United Arab Emirates’ top telecommunications carrier e& Group to provide its metaverse service to Middle Eastern countries. Under the memorandum of understanding, South Korea’s leading telecommunications carrier will be developing an optimal metaverse service tailored to Middle Eastern users’ tastes, based on the data e&