Korean food company SPC Samlip said Monday it has launched the home deli brand YAAM! with Coupang, an e-commerce giant here. Under the new brand, the company said it is presenting 17 products, including bread, salad and soup items to go up against home meal replacements. The new brand is available only via online retailers. SPC Samlip said it has partnered with Coupang to target the growing food delivery market, and that they selected items that encompass wider choices of Western food, as

SK Energy, an affiliate of SK Innovation, said Monday it has developed a gas detection system that will no longer require workers to manually check for remaining gas inside concealed facilities to enhance safety. “Petrochemical facilities have a lot of concealed facilities such as tanks, towers and oil drums where gas leaks occur. When workers conduct maintenance, they have to get inside and check if there is any remaining gas. With the sensors, they can now detect it automatically and

Airlines open more international routes, focused on recovering cargo business

Asiana Airlines held an extraordinary shareholders meeting Monday, and voted to raise capital by increasing shares and issuing convertible bonds. The South Korean flag carrier put to a vote its decision to revise its articles of association, calling for an increase in the total number of issued shares and a higher limit on CBs. The amendment was passed with the approval of all shareholders present. With the shareholders’ approval, Asiana will increase the total number of its shares to 1

Daewoo Shipbuilding & Marine Engineering said Monday it is applying domestically developed technologies at its shipbuilding sites to reduce person-to-person contact amid the coronavirus pandemic. The shipbuilder said it recently completed testing liquefied natural gas carriers by utilizing its own remote maintenance support system called DS4 AR Support. Its pilot tests were successful, which were done with engineers from overseas via an online application.  This system combines au

South Korea’s government budget is expected to hover around 542 trillion won ($449 billion) next year, rising 6 percent from the 2020 budget, according to plans submitted by each government branch to the Ministry of Economy and Finance. The ministry said the combined budget requested by each government branch for 2021 stood at 542.9 trillion won. The budget amount, if approved, will be up 6 percent from the 2020 budget. The country’s government budget has been increasing around

South Korea's chip industry needs more support from the government to fend off challenges from fast-rising China and catch up to the dominant leader, the United States, a Seoul-based business lobby group said Monday. According to the Federation of Korean Industries (FKI), South Korea had an average 18 percent market share over the past decade, only behind the US with 49 percent. Japan came in third with 13 percent, followed by Europe with 9 percent, Taiwan with 6 percent and China with 4 perc

Samsung Electronics Co. on Monday unveiled a special edition of its Galaxy smartphones and earbuds in collaboration with K-pop sensation BTS. The South Korean tech giant introduced the BTS edition of the Galaxy S20 Plus 5G, S20 Plus and the Galaxy Buds Plus. The design of the Galaxy S20 Plus BTS edition highlights a purple glass and metal exterior. It also carries the boy band's logo and purple heart iconography on the back. The BTS edition of the Galaxy S20 Plus will be available in both

　South Korea’s auto exports more than halved in May from a year earlier due to falling demand in the face of the new coronavirus pandemic that as infected more than 7 million people, data showed. 　Local carmakers shipped 95,400 units of cars overseas last month, down 57.6 percent from a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy. 　In terms of value, auto exports also fell 54.1 percent over the period to reach $1.81 billion. 　In the fi

South Korea said Monday it will revamp its regulations to prevent possible illegal fishing activities by South Korean-flagged boats operating overseas, after the country had been on the verge of being labeled as one of the nations engaging in unregulated fishing. Previously, inspections had been carried out for illegal fishing activities only on foreign-flagged boats arriving in South Korea. The new measure will be implemented on the first batch of 12 deep-sea squid fishing boats in July, acc

Young leaders of Mathpresso bring innovation to math education

SPC Group, the operator of Korea’s leading bakery franchise Paris Baguette, said Sunday it will enter Canada by launching the flagship Paris Baguette brand next year. According to the company, it recently established Paris Baguette Family Canada Licensing with a plan to open the first stores in major cities in the country, including Vancouver and Toronto in the first half of next year. The move comes as part of its plan to expand its business in North America. SPC Group has had laid o

Struggling Korean automaker to apply for W40tr government subsidy to stay afloat

Seoul International Wines & Spirits Expo 2020 was held from Friday to Sunday to present novel items related to drinking, under stricter disinfection measures amid the COVID-19 outbreak. A total of 330 companies participated in the three-day annual event, the only wine and spirits exhibition of its kind in Korea, to promote their products, including beer, wine, traditional drinks and related devices, such as homebrewing machines. Held amid the prolonging COVID-19 crisis, the organizer sa

South Korean chipmakers are forecast to fare well through the third quarter of this year despite aggravating economic conditions amid the prolonging COVID-19 impact, owing to robust demand for memory chips upon the growing noncontact market, according to industry sources Sunday. The country’s semiconductor exports jumped 22.6 percent from June 1 to 10, compared to a year earlier, according to data by Korea Customs Service. In May, the total semiconductor exports rose 6.6 per