A wholesale market in Incheon is crowded with shoppers buying food ahead of Chuseok, the Korean thanksgiving holiday that kicks off on Friday.

Four family members of South Korea's largest conglomerate, including Samsung Electronics Vice Chairman Lee Jae-yong, have received a combined 235.46 billion won ($171.4 million) in dividends from Samsung Electronics in the first half, data showed Tuesday. Among them, Hong Ra-hee, Samsung Electronics' de facto leader Lee's mother and wife of the late ex-Samsung Chairman Lee Kun-hee, fetched 84.82 billion won in dividend income, outsizing Lee's 70.43 billion won and that of his

Multiple fires were reported at Posco’s steel plant in southeastern city of Pohang, Gyeongsang Province, Tuesday morning, but the company said the picture showing dark smoke surrounding its facilities that went viral online was not due to fire but the release of byproduct gas at the plant caused by a power outage. The outage was due to Typhoon Hinnamnor that was passing by the peninsula earlier in the morning, Posco official said, adding that the company is investigating if the typhoon h

South Korean enterprise software developer Tmax Group on Tuesday unveiled plans to launch a tool through which enterprise clients can build business apps tailored to their own needs without writing code. SuperApp Studio, an app-building tool that Tmax believes can become a Korean equivalent to Microsoft's Power App or Amazon's HoneyCode, will be designed to allow people without knowledge of programming languages to skirt technology barriers in the app development process without hiring

Audi Korea officially launched its first all-electric compact sport utility vehicles, the Audi Q4 e-tron and the Audi Q4 Sportback e-tron, in South Korea on Tuesday. “The Q4 e-tron will redefine the boundaries between car segments and act as a gateway into e-mobility. With these models, we have strengthened our EV lineup enough to satisfy the needs of Korean customers,” said Lim Hyun-ki, the executive director of Audi Korea, at the launching ceremony. The Audi Q4 e-tron is the first

A committee of experts said Tuesday that the algorithm of Kakao Mobility’s taxi-hailing application -- Kakao T -- does not favor its affiliated cabs known as Kakao T Blue in the process of matching passengers with taxi drivers. The experts’ analysis came amid the Fair Trade Commission’s ongoing case against Kakao Mobility over allegations that the ride-calling app operator intentionally assigned passengers to its affiliated cabs first. Denying the allegations, the company dis

South Korea’s flag carrier Korean Air said Tuesday it will open a new international flight route from Incheon to Budapest, Hungary, starting Oct. 3. According to the airliner, flights will depart from Incheon every Monday at 11:25 a.m., and arrive at its destination at 5:05 p.m. local time. Return flights will take off from Budapest at 7:15 p.m. every Tuesday, landing in Korea the next day, 50 minutes past noon. However, the flight schedules will be pushed back by approximately 20 minutes

South Korea's Deputy Trade Minister Jeong Dae-jin on Tuesday asked for the Netherlands' active investment in his country in semiconductors and other major sectors, stressing Seoul's push to ease regulations and expand incentives, the trade ministry said. Jeong made the request during a meeting with the Dutch ambassador to South Korea, Joanne Doornewaard, in Seoul, as the two sides discussed ways on boosting cooperation in chips, nuclear power generation, hydrogen and other promisi

Samsung Heavy Industries Co., the world's third-biggest shipbuilder by order backlog, said Tuesday it has received a 1.16 trillion-won ($850 million) liquefied natural gas (LNG) ship order in Bermuda and Africa. Samsung Heavy obtained four LNG ship orders, two from a shipper in Bermuda and two from an Africa-based shipper, and plans to gradually deliver them by September 2025, the company said in a statement. Bermuda is a self-governing British overseas territory in the western North Atlant

Tensions grew sharply among retail, transport and manufacturing sectors on Monday on fears of the possible disruptions that Typhoon Hinnamnor could cause to their businesses, which are already suffering from a weak local currency and persistent economic uncertainty. The country’s three major mobile carriers -- SK Telecom, KT and LG Uplus -- set up emergency centers to monitor hurricane damage and tackle possible power outrage problems. The three companies mobilized emergency power gener

  Hyundai Motor Group Executive Chair Chung Euisun returned from a two week US trip where he sought for measures to deal with the latest US tax credit bill that has scrapped subsidies for foreign-made electric vehicles. But market insiders say there isn't room for businesses to resolve the issue and it is a matter that depends heavily on the government’s strategic approach. According to industry experts quoted in local media on Monday, Chung visited New York, Los Angeles, Boston and G

HAMYANG, South Gyeongsang Province – A week before Chuseok, the sounds of a combine harvester's revving engine echoed in Gi-dong village of Hamyang, some 240 kilometers southeast of Seoul. The sound is not an unfamiliar one at any farm during harvest season around the country, but the scene was different as the machine cut and threshed grains underneath solar panels. Sleek, rectangular panels are placed on poles five meters above the ground at an agrivoltaic demostration complex in the vil

Kakao Entertainment -- a content subsidiary of South Korean IT giant Kakao -- has launched Tapas Entertainment to accelerate the expansion of its content businesses in North America, the company said Monday. Tapas Entertainment was established after a merger between Tapas Media, the first webtoon platform in North America, and Radish Media, a leading US web novel company, was completed on Aug. 5, according to Kakao Entertainment. Kakao Entertainment acquired the two companies in May last year

South Korea's chip manufacturing industry is facing the worst crisis in a decade, a survey that polled semiconductor experts showed Monday. Twenty-four out of the 30 chip experts surveyed by lobby group Korea Chamber of Commerce and Industry responded that Korea is either facing the threat as grave as, or graver than, Chinese chipmakers' foray into memory chip business in 2016 or the trade war between the United States and China in 2019. Of the respondents, 13 said Korea's situati

Samsung Electronics on Monday pledged to take energy efficiency of its consumer electronics goods to the next level, supported by a combination of technologies from artificial intelligence to connected homes, during Europe's biggest tech show IFA 2022 that wraps up Tuesday. The cutting-edge technologies will allow Samsung to sell the most energy efficient refrigerators and washers among all products sold in Europe, the company claimed, using estimates from Samsung's own test results.