Samsung SDS, an IT solution provider affiliated with Samsung Group, has rolled out a one-stop freight shipping solution for local exporters. Dubbed Cello Square 4.0, the platform is designed to provide a one-stop solution for freight shipping to small and medium-sized companies that experience difficulty keeping up with complex export and import procedures, as well as to track the cargo’s delivery status. Utilizing the latest digital technologies such as artificial intelligence, the in

South Korean low-cost carriers are preparing for a spike in international travel amid growing signs of travel confidence. Air Seoul, one of two budget airlines owned by Asiana Airlines, announced Tuesday it would resume flights between Incheon and Guam after a suspension of some 660 days. Flying twice a week starting late December, the airline said it marks the first air travel route to be resumed for tourists since the COVID-19 pandemic. The last flight to the US island territory by the airl

LG Chem said Tuesday it has developed a new type of plastic that is as durable as aluminum but 50 percent lighter, with plans to apply the raw material for frames of solar panels and auto components. According to South Korea’s leading chemical company, the new materia -- LUPOY EU5201 -- is designed to withstand long-term exposure to sunlight and exhibits strong resistance to heat and erosion. The material is also able to maintain its original color despite sunlight, as it is resistant to

South Korea will construct an autnomous ship able to carry 300 people by 2022 and operate it in coastal waters off Ulsan to conduct feasibility tests on key technologies. According to the Ministry of Trade, Industry and Energy, the 45 billion-won ($38.1 million) project aims to gain a track record for the 2,800-ton ship and verify core technologies to be mounted on it, such as carbon emission reduction and engine optimization technologies. At the same time, the Industry Ministry will establis

South Korean steelmaker Posco has succeeded in locally producing special steel pipes for hydrogen transportation and will supply them for the first time to the city of Ansan, Gyeonggi Province, the company said Tuesday. Until now, South Korea has relied on imported, small-caliber seamless steel pipes with a width about 15 centimeters for hydrogen transportation. Bigger pipes, as wide as 20 centimeters, are needed to carry the big volume of hydrogen transfer needed in the hydrogen test bed ci

Hyundai Glovis, the logistics arm of Hyundai Motor Group, is joining hands with Air Products & Chemicals, a US-based industrial gas manufacturer, to speed up the development of a liquefied hydrogen supply chain, the company said Tuesday. Hyundai Glovis CEO Kim Jung-hoon signed the supply chain agreement during a videoconference with Air Products & Chemicals Asia President Wilbur Mok as well as Korea unit CEO Kim Kyo-young. “We expect a great synergy from the partnership, a

The number of employees in the food service segment rebounded in April from a year earlier as the job market recovered amid the economic recovery, data showed Tuesday. The number of people employed at restaurants and eateries reached 1.6 million in April, 65,000 more than the previous year, according to Statistics Korea. The tally rebounded from October 2020 when the number of such workers fell 179,000, marking a record on-year fall. Still, the total number of workers in the food service segm

South Korea's major shipbuilders have outpaced their annual order targets backed by brisk global new orders, company officials said Tuesday. According to data provided by global market researcher Clarkson Research Service, global new orders for ships came to 37.54 million compensated gross tons (CGTs) in the January-September period, up nearly threefold from 13.22 million CGTs a year ago. Compared with 10.53 million CGTs in the same period of 2016, when the shipbuilding industry was in a fier

CJ ENM, a leading entertainment and media company, is in talks to bring K-pop powerhouse SM Entertainment under its control, a source with direct knowledge of the talks has said. The deal, if realized, would see the birth of an entertainment giant that could shake the Korean pop cultural scene. SM, one of the country's top K-pop agencies, manages such idol groups as EXO, Red Velvet, NCT and aespa that have a large following abroad. "It is true that CJ is in some kind of talks with SM in

SK E&S Co., the natural gas provider under SK Group, said Monday it will invest some 500 billion won ($421 million) in its US affiliate, SK E&S Americas, to buy a stake in a US renewable energy firm. In a regulatory filing, SK E&S said it will buy 505 billion won worth of shares in SK E&S Americas, in a bid to invest up to $400 million in Rev Renewable. Rev Renewable is focused on the development and operation of energy storage, as well as renewable projects. Rev Renewable, an

Windows 11, released on Oct. 5 worldwide, is expected to offer a fresh round of changes for South Korean computer users, global PC makers and distributors, but a mix of unpredictable factors such as COVID-19, the chip shortage and the launch of compatible devices could affect how the new operating system will be received in the coming months. On major online communities here, users continue to share their experiences of Microsoft’s new operating system that comes with an overhauled user

South Korea’s smartphone makers and subscription service providers are expected to face increasing competition from Google, as the tech giant is set to introduce a subscription-based bundle that includes a phone and various Google services, to lock more users into its ecosystem. According to industry sources Monday, Google is likely to launch the Pixel 6 and Pixel 6 Pro smartphones in the US on Tuesday, local time. It is also set to unveil a new subscription service, Pixel Pass, which bu

With a common goal of achieving sustainability in the fashion industry, South Korean tech giant LG Electronics took part in an environmental conference hosted by global fashion magazine Vogue in Poland, the company said Monday. Organized by Vogue Polka with Boston Consulting Group, the Business Fashion Environment Summit was held last month for the second time, and LG participated as an official partner, highlighting its commitment for sustainability and eco-friendliness. The event took plac

LG Innotek said on Monday it is running an open audition program where its employees make proposals to explore new businesses. Employees of the electronic components supplier present their ideas to “i-Lab,” short for “innovation lab,” through video conferences, and get “likes,” questions and feedback from other employees on a real time basis. The 10 ideas that get the most “likes” will be reviewed by management, including the company’s chie

GS Energy said Monday it will bring blue hydrogen produced by Abu Dhabi National Oil Co., the United Arab Emirates’ biggest energy producer, to South Korea as part of its environmental, social and governance efforts towards creating a hydrogen economy. According to the energy unit of South Korean conglomerate GS Group, the blue hydrogen will be extracted from natural gas in Abu Dhabi and brought to Korea in the form of ammonia. GS Energy will then use the ammonia as a fuel to generate ele