Samyang said Wednesday that it has won a contract to supply ion exchange resins used in the purification of nuclear power plants to Korea Hydro and Nuclear Power. The chemical firm, affiliated with Samyang Holdings, said it had competed against foreign suppliers to obtain the order, becoming the first South Korean company to do so. Previously the country imported all its ion exchange resins, Samyang Corp. explained. Under the agreement, Samyang will supply 700,000 liters of four types of ion

General Motors Korea and its labor union reached a tentative agreement on wages Wednesday, four months after their talks began in July. According to GM Korea, the two sides came up with a draft agreement during negotiations that started Tuesday. In the tentative agreement, GM Korea promised to offer an incentive of 4 million won ($3,600) to its workers as a message of encouragement amid the COVID-19 pandemic. As the labor union asked for the management to maintain operations at the two aut

New Rexton adopts bold changes in appearance and driving assistance programs as family SUV

The Transport Ministry and Incheon International Airport Corp. said Wednesday that IIAC has been chosen as the strategic advisory consulting partner for Poland’s new airport project known as the Solidarity Transport Hub.  With the 5.6 billion-won ($5.06 million) deal set to be signed later this year, IIAC will take on multiple responsibilities, including reviewing the master plan and writing a white paper for the development and operation of the new airport that is set to replace War

South Korea's information watchdog on Wednesday fined Facebook Inc. 6.7 billion won ($6 million) for passing information of at least 3.3 million South Koreans to other companies in its first crackdown on the US tech giant. The Personal Information Protection Commission (PIPC) said Facebook violated the country's personal information law by providing personal information of at least 3.3 million of the country's total 18 million local users from May 2012 to June 2018 to other companies without th

BAT Korea is teaming up with LS Electric to introduce solar power generation facilities at its Sacheon factory in South Gyeongsang Province, the tobacco company said Wednesday. As part of its environmental, social and governance strategy, the move will see solar power modules installed in six areas at the site, including at buildings and parking lots that occupy the space that totals 16,000 square meters. Construction work is set to begin in March next year. When completed, the factory is exp

South Korean cosmetics giant Amorepacific published findings from a recent study on Wednesday showing that mask wearing can cause dry skin and redness. The researchers discovered that wearing a mask for between one and six hours can also bring significant change to skin temperature and sebum after conducting an experiment with 21 men and women. The perioral area – the area surrounding the mouth including both lips and the upper lip area under the nose – could be most affected afte

SK Telecom Co., South Korea's leading wireless carrier, unveiled Wednesday a new artificial intelligence (AI) semiconductor for data center operations, expanding its business to the semiconductor market. The new SAPEON X220 is the first AI chip developed by the mobile carrier and also the country's first AI chip for data centers. SK Telecom said its new semiconductor will target the global AI chip market set to grow to 50 trillion won ($45 billion) by 2024, citing data from market researcher

Samsung Electronics Co. was the top vendor in the Europe, Middle East and Africa (EMEA) smartphone market in the third quarter of the year, a report showed Wednesday, despite sales decline. Samsung shipped 29.6 million smartphones in the EMEA market in the July-September period for a 31.8 percent market share, according to industry researcher International Data Corp. (IDC). The figures were slightly down from a year ago when the company shipped 31.6 million smartphones for a 34.7 percent mar

Emergency approval application imminent for Celltrion antibody treatment; Chong Kun Dang gains approval for phase 2 clinical trial in Mexico

SK, LS, Celltrion heads emerge as candidates for top job at KCCI

Samsung Electronics Co. remained the second-largest smartphone vendor in Canada in the third quarter of the year but narrowed its market share gap with Apple Inc., a report showed Wednesday. The South Korean tech giant took a 33 percent market share in the July-September in Canada, up from 32 percent a year ago, according to industry tracker Counterpoint Research. Apple kept its top status in Canada, accounting for a 53 percent share in the third quarter of the year, down from 56 percent a ye

Four more workers at Samsung Electronics Co.'s mobile research lab have tested positive for the novel coronavirus, the company said Wednesday, stoking concerns of group transmissions at the facility. The South Korean tech giant said an additional four virus cases were confirmed at its R5 lab in Suwon, south of Seoul, after it came out earlier this week that three workers were infected with the virus. They all worked on the same floor with an employee who tested positive for COVID-19 on Sunday

Naver Corp., the operator of South Korea's dominant internet portal, is positively reviewing making inroads into the Japanese search engine market despite two previous failures, the company's executive said Wednesday. Naver first entered the Japanese search engine market by establishing Naver Japan but exited the country in 2005. Naver made another attempt in the market by introducing a search engine, Naver Japan, but closed down the service in 2013. "We believe we can make it this time,&

Unionized workers at Kia Motors Corp. began a partial strike Wednesday to demand higher wages and bonuses amid the COVID-19 pandemic, the union said. The workers in the morning shift walked away from their production lines at 11:40 a.m. in a four-hour strike while those on the evening shift plan to put down their tools at 8:30 p.m. for another four-hour strike. The union will stage the partial strikes until Friday, after the company and the union failed to narrow differences over wages and pe