SK Telecom CEO Park Jung-ho said Wednesday that the company will allow its employees to work from anywhere. “We need to study how we can improve the ways in which we communicate while working since it is not possible to fully return to the ways we did before (the coronavirus),“ he said. The CEO said the company will try many different solutions, utilizing its data and technology to change the company’s work environment. SKT will increase its number of regional offices, whi

GS Caltex on Wednesday launched its new brand, Energy Plus, to roll out a new type of gas station that can function conventionally and serve as a mobility and logistics hub. According to the South Korean refinery, the company opened Energy Plus Hub in Seocho-gu, Seoul, as the first pump station under the new brand Energy Plus, which can charge electric and hydrogen vehicles and serve as a car-sharing platform and logistics hub for drone shipping. “GS Caltex will continue to transform

Netmarble on Wednesday launched its massively multiplayer online role-playing game Seven Knights 2 in Korea, drawing attention to whether the much-anticipated game will be able to compensate for the company’s lackluster performance in the third quarter. As a sequel of Seven Knights, launched in 2014, Seven Knights 2 continues on the plot lines of the previous work and offers a story that players can consume like a movie. The mobile MMORPG showcases 46 heroes, and players control a gro

Nation scrambles to come up with distribution system as Moderna’s and Pfizer’s mRNA vaccines report over 95% and 90% efficacy rates

Kicker -- Asiana workers oppose merger, KCGI goes to court to stop new shares

Kiwoom Securities Co. posted the largest operating income among local brokerage houses in the third quarter on brisk trading by retail investors, data showed Wednesday. Kiwoom Securities' operating profit came to a quarterly record of 355.5 billion won ($322 million) in the July-September period, up 314 percent from a year earlier, according to the data from the Financial Supervisory Service. The company's net profit also shot up 295 percent from a year earlier to 263.4 billion won, also a rec

The number of companies joining the “Happiness Alliance,” a social contribution alliance led by SK Group to support children in the blind spots, has surpassed 100, the group said Wednesday. SK Group said it held “2020 Happy Alliance Day” in Seoul on Tuesday to share business results so far. Chairman Chey Tae-won said in the opening speech, “Among many social problems, I thought it was necessary to first solve the problem of children being placed in nutritional i

KT Corp., a South Korean telecom giant, and its affiliate had the most number of pay TV subscribers in the country in the first half of this year, maintaining the top status in terms of market share, ministry data showed Wednesday. The mobile carrier and its satellite TV unit KT Skylife Co. had a combined 31.4 percent share of the market, or 10.7 million subscribers, in the January-June period, followed by LG Uplus Corp. and its pay TV unit LG HelloVision Corp. at a total 25.1 percent, accordin

Samsung Engineering Co. said Wednesday it has clinched a 150 billion won ($135) order to build a battery copper foil plant in Hungary. The plant, South Korean copper foil maker Doosan Corporation Europe's second, is set to be completed in Tatabanya Industrial Park in Hungary in 2022 and will have an annual production capacity of 15,000 tons of battery copper foil, a key component of electric vehicle batteries. In April, Doosan Corporation Europe, a wholly owned subsidiary of South Korea's Doos

Comparison of Asiana Airlines’ earnings between 2017 and 2020

South Korea's two largest electronics firms -- Samsung Electronics Co. and LG Electronics Inc. -- on Wednesday decided to temporarily shut down their research labs after their workers tested positive for the new coronavirus. Samsung said it shuttered a mobile research lab in Suwon, just south of Seoul, after a worker there tested positive for COVID-19 on Tuesday. The company said it has ordered all employees at the building to work from home, while the floor where the virus-infected employee

BMW Group unveiled Tuesday a new electric vehicle concept for its Mini brand, dubbed Mini Vision Urbanaut, tha seeks to bring a living-room like feel to the interior. During its #NEXTGen 2020 digital showcase held online, the German-based automaker revealed the new “digital vision vehicle” that uses a purely electric drive system. “In the MINI Vision Urbanaut, we extend private space far into the public realm, creating completely new and enriching experiences,“ Adrian

South Korean cosmetics giant Amorepacific said Tuesday it would invest 3 billion won ($2.7 million) in Dmil, a multi-channel network company. According to Amorepacific, Dmil is a media contents firm, producing and selling cosmetics-related content and items, partnering with 250 content creators, including YouTubers Jella, Woorin and Chaeyoung. “From this investment, Amorepacific Group will establish a close partnership with beauty influencer-made contents and in commerce,” Lee Yo

Hanjin KAL, the parent company of Korean Air Lines, on Tuesday signed an agreement with Asiana Airlines Inc.'s main creditor Korea Development Bank for its acquisition of the smaller carrier. The investment agreement calls for the KDB to inject 800 billion won ($723 million) into Hanjin KAL through a rights offering and convertible bonds. Under the deal, Hanjin KAL is required to select three of its outside directors and members of an inspection committee, which will all be designated by the

KT CEO Ku Hyeon-mo has been appointed one of the four new board members of GSMA, an international industry organization dedicated to representing the interests of mobile network operators, the South Korean telecommunications firm announced Tuesday. Ku said he would put his best effort into leading innovations in a wide range of sectors, including 5G networks, artificial intelligence, platforms and business-to-business areas over the next two years. GSMA director general Mats Granryd express