No company has a pay gap in favor of women across all sectors

Korea’s inflation hits 3.6%; OECD average inflation 7.2%

Samsung Electronics is facing accusations that it exaggerated the performance of its flagship smartphone Galaxy S22 series. The controversy revolves around an application called game optimizing service, or “GOS.” When users play games with Galaxy S22 smartphones, GOS is activated and adjusts the performance of smartphones to help batteries last longer and prevent overheating issues. Gamers have complained about GOS for some time because the app, which cannot be switched off by th

Samsung Electronics Co. is widely expected to launch its entry-level Galaxy smartphones later this month in response to the March 8 release of Apple's new iPhone SE, industry sources said Monday. Samsung's mid-low tier Galaxy A series is forecast to come in various new models -- A73, A53, A33 and A23 -- a product line the company said would provide "cutting-edge innovations, services and features at an accessible price." Apple is expected to announce the next-generation version of the

South Korean steelmaker SeAH Besteel Corp. said Monday it will deliver three dry casks used to store spent nuclear fuel to a US nuclear logistics company. The delivery comes some six months after SeAH Besteel signed a deal for 17 casks with Orano TN, which provides total system solutions for used nuclear fuel and radioactive waste management. SeAH Besteel said it marks the first time for a South Korean firm to export finished casks for spent nuclear fuel to the US market. The three casks will be

The number of newly registered electric taxis has surged to some 5,000 last year, as more taxi drivers are increasingly opting for EVs with better driving range. According to the Korea Automobile Manufacturers Association on Sunday, a total of 4,991 EV taxis were registered last year, which is a 453.9 percent jump from a year ago. The number increased rapidly last year compared to previous years. The number of new EV taxis was 1,018 in 2019 and 901 in 2020. The business lobby cited increase

Hyundai Motor’s standalone luxury brand Genesis announced Sunday that it is offering an “over-the-air” software update for its GV60 model that was launched last October. The software update will enhance the car’s advanced driver assistance system by improving forward and backward collision warnings, parking distance warnings, and remote smart parking assist features. With GV60, drivers will be able to download the updated software “over-the-air” while drivin

Creator of global hit PUBG: Battlegrounds says future is in games combined with blockchain technology

LG Electronics said Sunday it has launched a brand-new laptop, Chromebook, to target the growing education market, the size of which is expected to increase five times in three years. According to the consumer electronics firm, the 11-inch laptop offers a touch screen and can be utilized as a tablet as it bends backward. Weighing just 1.44 kilograms, the laptop is available for 690,000 won ($567). The cheap price was possible as the laptop doesn’t require an expensive Windows operating

Samsung Electronics has suspended its shipments to Russia and donated $6 million to Ukraine, according to industry sources Sunday. The South Korean tech giant has become the latest multinational firm to join comprehensive sanctions against Russia, where the market has crashed and the value of the ruble has plummeted. Despite its export embargo on Russia, Samsung Electronics will still operate its local factories there. “Shipments to Russia have been suspended due to the current geopol

Hyundai Engineering Co. said Sunday it has received a front-end engineering and design (FEED) deal to build a plastic waste processing plant in the United States. Hyundai Engineering obtained the FEED deal from Encina Development Group to process plastic waste into 150,000 tons of circular chemicals products a year, the company said in a statement. Hyundai Engineering aims to win more deals from Encina as the US company plans to push more plastic waste processing plant projects in the US, Latin

  Samsung Electronics has allegedly been hacked by a foreign hacking group, which breached its confidential source code and other classified data, industry sources and media reports said Saturday. Data extortion entity Lapsus$ has claimed that it hacked the system of the South Korean tech giant and leaked up to 190 gigabytes of its data and source code online, according to the sources. It also said that it uploaded the leaked data for download via torrent. Samsung officials said they are

In Jongno-gu, central Seoul, one of the most historical districts in the city, lies a town that preserves the culture and art from the Joseon era. Walking alongside the town offers a glimpse of how low-level officials who worked for kings and queens of the Joseon Dynasty lived. Located between Bukchon Hanok Village and the Changdeok Palace, the town is called Wonseo-dong, meaning the western part of the palace’s backyard. Crossing a small road from the palace, visitors are welcomed by

Foreigners flocked to famous K-drama filming sites in Seoul last year, propelled by a rising global popularity for Korean TV series, a report showed Friday. Among some 80 tourist attractions visited by 1.6 million foreigners last year, 57.6 percent were filming locations of Netflix-aired Korean dramas, a LG Uplus report showed. Milal Fine Art Museum in Gangnam-gu, the filming site of “Guardian: The Lonely and Great God,” saw a 195 percent surge -- the highest figure -- in the num

The Korea Digital Asset Industry Committee highlighted the need to create a government organization committed to fostering blockchain businesses. On Thursday, stakeholders in the blockchain industry and academia gathered to debate on how to better capitalize on the emerging opportunities of digital assets. The panel stressed the importance of fostering digital economy -- as in, cashing in on digital technologies -- in order for Korea to grow into the fifth-largest economy. “In the era o