Lime said Wednesday it had been named as one of the world’s top 100 influential companies by Time magazine. According to the world’s leading e-scooter and e-bike operator, it has been categorized among the “disruptors,” along with 19 other companies including Tesla, Airbnb, Robinhood and Didi Chuxing. “Despite pandemic-related disruptions, the micro-mobility company announced its first profitable quarter last year and launched in dozens of new cities. In 2021,

The United States, which under former President Donald Trump ditched talks toward a trans-Pacific trade order, may now be moving to rejoin the club, mostly due to the continuing conflict with China, market observers said Wednesday. Their remarks came during the second CPTPP Trade Forum, organized jointly by the Korea Chamber of Commerce and Industry and the nation’s largest law firm, Kim & Chang. CPTPP stands for the Comprehensive and Progressive Agreement for Trans-Pacific Partner

Government runs subsidy program, HMM adds SME-priority container ships in major routes

Serveone, the largest maintenance, repair and operation procurement company in South Korea, announced April 22 that it has signed a strategic business agreement with Korin to expand business for both companies in Indonesia. The two companies agreed to promote cooperation to expand opportunities in Indonesia for raw materials procurement and logistics business through this partnership. Serveone provides professional purchase solutions based on domestic and international B2B platforms, considered

Samsung Electronics Co. regained the top spot in the European smartphone market in the first quarter of the year, a report showed Wednesday, on the back of robust sales of its new handsets. The South Korean tech giant represented 32 percent of smartphone sales in Europe in the January-March period, up 2 percentage points from a year earlier, and beat its US rival Apple Inc., which settled for 28 percent, according to market tracker Counterpoint Research. Samsung was in the runner-up spot with

Samsung family to build first hospital for infectious diseases

Local vaccine developer Genexine has signed a contract with an Indonesian pharmaceutical company to supply 10 million doses of its COVID-19 vaccine candidate, the company said Tuesday. According to the firm, Indonesian pharmaceutical company PT Kalbe Farma will purchase 10 million doses of GX-19N, the vaccine candidate currently in the phase 2 clinical trial stage. Genexine will be provided with royalties based on sales of the vaccine, it added. Sale of the jabs would be possible only after

SEJONG -- The Korea Water Resources Corp., also known as K-water, is vitalizing an environmental project toward improving air quality around a mega industrial complex in the western part of the nation. The project is drawing wide attention at home and abroad for its ability to provide renewable energy to both the industrial and residential sector, alongside the original function of reducing pollutants emitted from the complex. The mega complex is composed of two industrial complexes -- Banwol

Hyundai Oilbank said Tuesday that it has partnered with Honeywell UOP, one of the world’s leading technology licensing firms, to repurpose its oil refineries as renewable energy platforms where vital ingredients for solar panels and electric vehicle batteries will be produced. Under the agreement, Honeywell’s crude oil-to-chemical technology will allow Hyundai Oilbank facilities to convert crude oil into high-value chemical products instead of traditional transportation fuels. Th

Automaker adds fuel to motor sport-inspired N Brand in diversification effort

Lobby groups submit petition to Blue House, under CJ Group chief’s lead

As an official announcement on the biggest wealth inheritance in modern Korean history draws near, all eyes are on how much of the late Samsung Group Chairman Lee Kun-hee’s assets would be given to his eldest son Lee Jae-yong, who has in effect already inherited the control of the mammoth business conglomerate. According to industry sources on Tuesday, the bereaved family of the late tycoon is anticipated to announce this week, before an April 30 deadline, a final inheritance plan, incl

As competition begins to rise in window AC market, market leader Paseco shows strengths in quality product

The Korea Institute of Science and Technology on Tuesday claimed to have found a new way of curbing lithium-metal battery fires using semiconductor technology. According to its researchers led by Lee Joong-kee, lithium-metal batteries, which use metals for anodes, or the negative side, are more powerful than lithium-ion batteries that use graphite for anodes. However, there is a trade-off. Lithium-metal batteries are more susceptible to fires because of dendrite issues. Dendrites are tiny, r

After adopting a telecommuting system in February last year, Nexon has not only protected the safety of its staff but also witnessed an unprecedented growth despite a bruising pandemic year. According to the South Korean gaming giant, the company last year posted sales worth 3.13 trillion won ($2.81 billion), becoming the first Korean game firm to breach the 3 trillion-won mark. Nexon also saw its revenue in Korea surge 84 percent on-year. Behind its stellar performances stand Nexon’s