Lawyers gear up to file complaints against Google with FTC

$2.5 billion order likely related to Russia’s Arctic LNG 2 project, industry watchers say

The South Korean government on Monday opened the 15th Job Fair for Foreign-Invested Companies. The job fair this year will be held online through Friday, according to the organizers. The event is co-hosted by the Ministry of Trade, Industry and Energy, Korea Trade-Investment Promotion Agency, the Seoul Metropolitan Government and the Financial Supervisory Service. The event is designed to help participating foreign-invested companies in Korea find local staff, the organizers said. This year

From battery to petrochemical industries, Korea braces for changes

After a major regulatory setback in China, Nexon is striving to turn things around in other regions by releasing a new first-point-shooter game that offers a twist on Krafton’s PlayerUnknown’s Battlegrounds, a battle royale shooter that pits 100 players against each other. According to the South Korean game company Monday, its Stockholm-based subsidiary, Embark Studios, is developing a brand-new team-based multiplayer shooting game that will allow Nexon to target the North American

Oriental Brewery said Monday it will brew beer with solar power to pursue RE100, a global initiative to source 100 percent of electricity consumption from renewable energy sources. According to South Korea’s largest beer maker by revenue, it signed a memorandum of understanding with Kepco Energy Solution and Aeonus to construct solar power generation facilities that will supply clean electricity to three OB beer factories in Gwangju, Cheongju in North Chungcheong Province and Icheon in Gy

Dawoong Pharmaceutical said Monday that it had finished recruiting volunteers for a phase 2 clinical trial in hopes of repurposing its Foistar tablets as the “Tamiflu of COVID-19.” Daewoong said it anticipates the official use of Foistar as a preliminary COVID-19 drug to begin in January 2021. Foistar, a trade name for camostat, helps prevent the spike on SARS-CoV-2, the virus that causes COVID-19, from docking onto human cells, inhibiting the virus from multiplying within the bo

Mercedes-Benz Korea said it is strengthening its digital-based customer experience for preemptive and professional services. The automaker said it is steadily investing in expanding digital-based services that customers can use without having to visit showrooms and service centers in person. One of the digital services is “Sales Touch,” an integrated digital sales platform that carries out all the necessary procedures for vehicle contracts through mobile or tablet devices without

Hyundai Motor and Kia Motors overtook German brand BMW to rank fourth in the global electric vehicle market this year, data showed Monday. Local research company SNE Research said Hyundai and Kia sold a combined 130,000 EVs in the global market between January and September this year. The figure is up 40.7 percent from the same period last year. The strong performance was driven by a surge in sales of the Kia Niro, Hyundai Kona, Kia XCeed Plug-in Hybrid and Hyundai Porter 2 Electric. The co

South Korea’s leading tire manufacturer Hankook Tire & Technology Co. will supply tires for General Motors‘ new pickup trucks, the company said on Monday. The Dynapro MT2, Hankook Tire’s most extreme off-road all-season brand, will be supplied for the 2021 Chevrolet Silverado Heavy Duty and GMC Sierra HD, two models that share a platform. Having won the Red Dot Design Award, the tire boasts additional off-road grip due to angled V-shape shoulder scallops, according to the

Home interior design platform Ohouse has raised 77 billion won ($70 million) in a new round of Series C funding from investors including technology investment firm Bond, the app’s operator, Bucketplace, said Monday. IMM Investment, Mirae Asset Venture Investment, Mirae Asset Capital and Naver Corporation were among the existing investors that participated in this round, the company added. This raises the company’s total funding to 88 billion won ($80 million). Launched in 2014, th

SkyLabs and Chong Kun Dang are initiating sales of ring-type heart monitoring device CART-I for the mass market starting December, SkyLabs announced Monday. Chong Kun Dang has paid SkyLabs 2.5 billion won ($2.2 million) to SkyLabs for the rights to business-to-consumer sales of the CART-I cardio tracker in Korea. Chong Kun Dang will also have priority negotiation rights for exports to Japan, China, India and the Middle East. In turn, it will provide SkyLabs with a base for further technology

South Korea's manufacturing confidence improved sharply to a record high in November despite the fallout of the coronavirus pandemic, a poll showed Monday. The Korea Institute for Industrial Economics & Trade (KIET) said its professional survey index (PSI) for the manufacturing sector's business conditions came to 133 for November, up from 124 the previous month. November's PSI remained above the benchmark 100 for six months running and reached the highest-ever point. A PSI reading above

Yuhan Corp. made a regulatory filing Monday saying that the company is to receive $65 million in milestone payment from Janssen Biotech. This is roughly 4.3 percent of Yuhan’s total consolidated equity capital, which as of Monday stands at 1.65 trillion won ($1.48 billion) -- strengthening the company’s financial soundness.　 Janssen, a Johnson & Johnson company, is researching the effects of the combined use of its bispecific antibody amivantamab and Yuhan’s third-generat

Hyundai’s fuel cell system to be applied for Ineos’ new SUV ‘Grenadier’