LG Chem will supply batteries to Amazon’s warehouse robots, according to industry sources Tuesday. The Korean battery maker will supply the same cylindrical batteries that power Tesla electric vehicles to Amazon’s automated robots in operation within the retail giant’s warehouses starting from 2023, they said. Though LG Chem said it can’t confirm details related to its clients, the deal is expected to be worth tens of millions of dollars. As of last year, Amazon ha

South Korea‘s exports of information and communication technology products continued to increase for the third consecutive month in August, according to a government report released Tuesday. The Ministry of Science and ICT report shows the nation‘s exports of ICT products last month reaching $15.24 billion, up by 0.3 percent on-year. The upward trend has been largely contributed to robust exports of memory chips and computers amid the coronavirus pandemic. Outbound shipments of s

Low cost carrier T’way Air will start flying to Wuhan, China once a week from Wednesday, becoming the first airline in the country to travel the route in eight months. The move comes after the Ministry of Transport gave the airline the go-ahead Tuesday night to offer flights between Incheon and Wuhan, one official at T’way Air said, after having obtained approval from China’s civil aviation authorities recently. The Incheon to Wuhan flights are known to be popular among busin

Global photo and video-sharing platform Instagram on Tuesday introduced various new safety features in its latest effort to fight online bullying and other kinds of online harassment. The new features come as the social media platform has been criticized for becoming the center of various bullying acts, especially among young adults and teens, globally. The Facebook Inc.-owned application said it is making it easier to block multiple people at once and offering tools to restrict who can tag u

South Korean exporters need to be on alert as India has been strengthening trade remedies such as anti-dumping measures to protect its industries, a local trade association said Tuesday. According to a report released by the Korea International Trade Association, the number of newly launched investigations on imports by India between 2016 and 2019 was 60.5 on average per year, nearly doubling from 30.3 between 2010 and 2015. As for the countries subject to new investigations since 2016, Chin

Hyosung Group has selected a consortium of STLeaders Private Equity and the Korean Federation of Community Credit Cooperatives as the preferred bidder for Hyosung Capital, according to the firm Tuesday. Another local financial firm, WWG Asset Management, was selected as the second preferred bidder. Hyosung plans to sell 8.84 million shares of Hyosung Capital (a 97.5 percent stake) and the sale price is estimated to be around 400 billion won ($338 million). “We have selected preferred

SK Telecom Co., South Korea's top mobile carrier, said Tuesday it partnered with the state-run Korea Gas Safety Corp. to develop a gas facility safety system using quantum technology. The two will also work with the gas safety company Korea Plant Maintenance and the local optical sensor company QuantumSensing to incorporate quantum-based technology into safety management systems at gas facilities. The next-generation system detects gas leaks and its concentration at facilities by analyzing li

Some 88.4 percent of companies (among top 100 companies by revenue) have implemented remote work systems since the COVID-19 pandemic, a survey by the Korea Employers’ Federation showed. Some 8.7 percent said they were not considering a work-from-home system at the moment. But they said they would review it if the social-distancing measures reach level 3. As for office jobs, 46.8 percent of the companies said the productivity level remained similar at 90 percent compared to the employees

　South Korea’s tourism income hit a 17-year low in the second quarter of this year due to the novel coronavirus pandemic, government data showed. 　For the April-June period, the country posted $1.19 billion in tourism income, down 78.6 percent from $5.57 billion over the same period last year, according to data from the Korea Tourism Organization. 　From three months earlier, it tumbled 65.5 percent from $3.46 billion. 　It is the lowest quarterly amount since 2003, when South Korea's

LG’s whole new form factor reveals hidden screen, also features first notchless display, gimbal camera

Temporary flights will start to operate this week to allow South Korean residents in China who returned here during COVID-19 outbreak to travel back to China, the government said Monday. Korean Air Lines and Xiamen Airlines will operate a total seven flights from Incheon, west of Seoul, to Qingdao, Zhengzhou and Xiamen, from Thursday until Oct. 15, it said. The number of regular flight routes between South Korea and China has dropped from 84 as of late last year to 16 last month in the face of

The American Chamber of Commerce in Korea said Monday it endorses Trade Minister Yoo Myung-hee for the position of director general of the World Trade Organization. “Minister Yoo has proven herself to be a strong and principled leader as well as a champion of free and fair trade during a time of historic challenges for international trade and the global economy,” the organization said in a released statement. “We have no doubt that she is ideally equipped to realize the v

Lotte Aluminium said Monday it has increased the production capacity of its cathode foil plant in Ansan, Gyeonggi Province in response to growing demand for electric vehicle batteries. According to the South Korean packaging material company, it injected 28 billion won ($23.7 million) into the cathode foil plant to increase the capacity to 12,000 metric tons. Lithium-ion batteries consist of four key components -- cathodes, anodes, electrolytes and separators. Cathode foils cover the cathod

South Korean mobile carriers are racing to develop digital health care services, industry officials said Monday, as demand for remote personalized services grows amid the pandemic. The country's three major carriers -- SK Telecom Co., KT Corp., and LG Uplus Corp. -- have recently joined hands with local health care companies to create new services to capitalize on the recent contactless trend driven by social distancing measures against the pandemic. Telecom giant KT partnered with Green Cros

Pernod Ricard Korea unveiled a series of new ads for its Jameson Irish Whiskey on Monday, featuring artists from various fields enjoying a whiskey highball. Each of the three ads features an artist enjoying whiskey in a different setting -- camping, a house party and a pub -- as part of the company’s “Why Jameson Highball?” campaign. The ads are posted on its social media platforms, including Instagram. The participating artists are Jackson Shim, J Black and Adoy. Pernod Ric