Kicker: CEOs of Warpsolution, Digisonic, Citylabs say technologies will make metaverse environment similar to real world

Samsung Electronics is reportedly planning to unveil its $17 billion foundry investment plan in the US this week, as its leader Vice Chairman Lee Jae-yong returns home after a series of high-profile meetings with White House officials and key lawmakers that might have finalized the plan. According to Samsung Electronics Sunday, the vice chairman was invited to the White House on Friday, US time, and met with top officials to discuss how the South Korean tech giant could help resolve the globa

Doosan likely to forge consortium to manufacture hydrogen buses, trucks, experts say. Competition with Hyundai Motor seems inevitable.

Korea Gas Corp. is undergoing a paradigm shift from a fossil fuel resource developer to a hydrogen-based eco-friendly company by pushing forward its hydrogen as well as natural gas businesses. Established in 1983 with a mission for safe and stable supply of natural gas, KOGAS owns 74 storage tanks with a total capacity of 11.56 million kiloliters at five production sites in Pyeongtaek, Incheon, Tongyeong, Samcheok and Jeju; 4,945 kilometers of natural gas pipelines nationwide; and 413 supply ma

The number of Netflix's monthly active users (MAU) in South Korea hit a record high in September from a month earlier helped by the Korean-made mega hit "Squid Game," a market research firm said Sunday. The US streaming giant's monthly active users in South Korea reached 9.48 million in September, up 9.8 percent from the previous month's 8.63 million, according to Nielsen KoreanClick. September tally marked the highest since Netflix launched its streaming service in South Korea in 201

Korea Airports Corporation said Friday that it is close to signing a business deal with the Ecuadorian government to operate Manta Airport. A negotiation team is currently visiting Ecuador for talks to finalize the deal, the corporation said. The deal, which is estimated to be worth 40 billion won ($33.76 million), will see the corporation acquire a 100 percent stake and operate the airport until 2051. A local corporation will be set up to manage and operate the airport’s facilities, in

Q3 sees largest shipment of 899,000 units

Hite Jinro, the country’s biggest beer and soju maker in terms of market share, is expected to become the “main beneficiary” of the liquor industry as the country shifts back to normal under its “living with COVID-19” scheme, an industry analyst said Friday.  “With the resumption of entertainment facilities operating under the ‘living with COVID-19’ scheme, the recovery of related sectors in the metropolitan area is a sign of upward momentum

Singapore Airlines celebrated the kickoff of the vaccinated travel lane between South Korea and Singapore with Flight 601 during a commemorative ceremony earlier this week. The event was held Tuesday in front of Gate 23 of Incheon International Airport’s Terminal 1. The ceremony was attended by Eric Teo, Singaporean ambassador to Korea; Jeon Hyoung-wook, vice president of the operations division at Incheon International Airport Corporation; Xavier Ho, general manager at Singapore Airline

A groundbreaking ceremony will take place on Friday for a new international airport in Cusco, Peru, which will serve as a gateway for visitors to Machu Picchu, the Korea Airports Corporation said Friday. The event will be attended by Peruvian President Pedro Castillo, Peruvian Minister of Transport Juan Francisco Silva, Korea Airports Corporation CEO Son Chang-wan, and officials from South Korea’s Transport Ministry and Hyundai Engineering & Construction. As part of the government-to

South Korea's media and entertainment giant CJ ENM said Friday it has acquired a managerial stake in Hollywood studio Endeavor Content in a record 920 billion won ($775 million) deal to strengthen its overseas business. CJ ENM purchased an 80 percent stake in the content production-distribution unit of US sports and entertainment group Endeavor Group Holdings. Endeavor Group will retain the remaining 20 percent stake in Endeavor Content, whose management, including co-CEOs Chris Rice and Graha

Philips Foundation and Philips Korea have provided four special compact cars equipped with wheelchair lifts in collaboration with the Korea Association of Welfare Institutions for Persons with Disabilities, the multinational group said Friday. Philips Korea held a donation ceremony at Kyonam House of Hope, a welfare facility for the disabled located in Gangseo district, Seoul, on Nov. 12. Kim Dong-hee, country leader of Philips Korea and Jung Seok-wang, chairman of the Korea Association of W

South Korea decided to lift the flight ban on Boeing 737 Max later this month, the land ministry said Friday, more than two years after its grounding following the crashes involving the same model in Indonesia and Ethiopia. The Ministry of Land, Infrastructure and Transport said its flight will be cleared for passage through the territorial sky, landing and takeoff, from Nov. 22. South Korea put a ban on the B737 Max on March 2019, after the one operated by Ethiopian Airlines plunged to the g

South Korean budget carrier Air Premia Co. said Friday it has partnered with French air cargo services agent ESG Group to focus on the cargo business to ride out the COVID-19 pandemic. Air Premia opened the Gimpo-Jeju Route in August, one month after it obtained government approval for offering commercial flight services. But it has temporarily halted the Jeju route this month.  "The deal with ESG Group is part of the company's two-track strategy in which the cargo business divisio

Jeju Air Co., South Korea's biggest budget carrier, said Friday it is resuming flights to Bangkok starting later next month on the back of eased entry curbs in the Southeast Asian country. Jeju Air will operate four flights per week for the Incheon-Bangkok route from Dec. 22, about 18 months after it suspended the route on the outbreak of the COVID-19 pandemic. Since the flight suspension, it has only been running chartered planes to fly South Korean citizens traveling for essential reasons su