Jeep Wrangler Rubicon Recon Edition, the 2020 limited-edition model, adds a little more fun to design

Into its fifth year of running the social outreach project Porsche Do Dream, Porsche Korea is expanding the scheme to support artists facing difficulties from the COVID-19 pandemic, the automaker said Monday. The Porsche Do Dream campaign, launched in 2017, has so far focused on children, bent on providing them with learning and playing opportunities. On top of that, this year’s program will include art projects or projects tailored for struggling artists, it said. “Over the pas

South Korean automotive group shows determination to expand electric powertrain lineup in China

South Korea’s largest brewer, Oriental Brewery, has begun the sale of its newly revamped flagship beer All New Cass nationwide. Following a ceremony at its Cheongju plant on Sunday, the beer -- bottled in clear glass -- will hit the shelves at convenience stores, supermarkets, restaurants and entertainment venues sometime late this month, the company said. In March, OB unveiled the new Cass, ditching the brand’s famous brown bottle in a dramatic change of appearance, hoping to cont

South Korea will be able to require big power generation companies to generate up to 25 percent of electricity from renewable energy sources, starting from October this year, raising the previous maximum threshold of 10 percent. The change is in line with a revision of the renewable energy portfolio, or RPS scheme, introduced in 2012, that mandates 22 power distributors with capacity over 500 megawatts to generate a certain percentage of their electricity with renewables. The minimum quota,

New analysis claims corporates’ decision to move production abroad led to rise in unemployment rates at home

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday that it has signed a 208 billion won ($185.8 million) deal to build two crude-oil carriers. Under the deal signed with a European company, Hyundai Samho Heavy Industries Co., a unit of KSOE, will build and deliver the 300,000-ton ships from the fourth quarter of 2022, the company said. The deal has an option to construct one more same-sized crude-oil ship, KSOE said. KSOE has won 11, or 42 percent, of 26 crude-oil carriers o

Nokia Corp., a Finnish telecom equipment giant, said Monday it has signed an agreement with South Korean mobile carrier LG Uplus Corp. to install its next-generation indoor 5G equipment here. Nokia said it will deploy its small cell AirScale Indoor systems in indoor locations across the country, including shopping malls and office buildings, for LG Uplus' 5G network. The system allows seamless 5G connectivity between indoor and outdoor locations and can be easily upgraded to accommodate future

LG Electronics Inc. on Monday said it has joined hands with Italian jewelry and luxury goods brand Bvlgari to promote its rollable TV to European customers. The world's second-largest TV maker said it recently held events for high-end customers at Bvlgari shops in Switzerland to introduce the SIGNATURE OLED R TV. "As the target customers for the SIGNATURE OLED R and Bvlgari are those who buy products based on their value, not their price, we believe the joint marketing events will create

South Korea's construction equipment maker Doosan Infracore Co. said Monday that it has signed a deal to provide 15,000 forklift engines to Linde China Forklift Truck Corp., a Chinese forklift maker. Doosan Infracore will offer small-sized diesel engines and liquefied petroleum gas (LPG) G2 engines from 2023 to 2027, which will be mounted on Linde China Forklift Truck's forklifts under 3.5 tons to be exported to Europe and North America, the company said. Doosan Infracore did not reveal the va

SK Telecom Co., South Korea's largest mobile carrier, said Monday it has commercialized the world's first 5G-based disinfection robot in a move to automate anti-infection efforts against COVID-19 in health care facilities. The telecom operator said it partnered with Yongin Severance Hospital to deploy the robot, which uses a real-time location system using a 5G network to roam around the hospital on its own and monitor people's temperatures and whether they are wearing masks. The robot is also

Sales of pickup trucks in South Korea tumbled more than 34 percent in the first quarter of the year amid sluggish demand, industry data showed Monday. A total of 5,539 pickup trucks were sold in Asia's fourth-largest economy in the January-March period, down 34.4 percent from a year earlier. SsangYong Motor Co. saw sales of its Rexton Sports come to 4,391 units in the three-month period, down a whopping 42.1 percent from the previous year. GM Korea sold 940 units of the midsized Colorado pick

Consensus is building for national support to help local chipmakers navigate global headwinds

South Korea, which is struggling to secure COVID-19 vaccines developed by foreign firms like Pfizer and Moderna, can’t expect local alternatives anytime soon, as Korean drugmakers are not making speedy progress as hoped in their vaccine development, industry sources said Sunday. Even firms that have reached the clinical trial stage are having difficulties in securing volunteers with the vaccination campaign underway, the sources said. South Korean drugmakers Genexine and Cellid are cu

With aggressive expansion plans, South Korean firm aims for global No. 1 spot in cathodes