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[Advertorial] LG Energy Solution No.1 battery patent holder through extensive R&D

LG Energy Solution said it had invested 2 trillion won ($1.8 billion) in battery research and development over the past six years, allocating 5-6 percent of its revenue every year. According to the ...

Feb 17, 2021
Neowiz acquires Sticky Hands, doubles down on casual game biz

South Korean online game publisher Neowiz said Wednesday it has acquired a 60 percent stake in a local mobile game company Sticky Hands. “The acquisition will give Neowiz the business management rig...

Feb 17, 2021
100,000 German households subscribe to Hanwha Q Cells’ green electricity service

Hanwha Q Cells said Wednesday that more than 100,000 households in Germany have joined its Q.Energy service so far, which allows customers to buy and consume electricity generated 100 percent by rene...

Feb 17, 2021
Samsung ranks 2nd in Russia's Q4 online smartphone market: report

Samsung Electronics Co. was the second-largest vendor in Russia's online smartphone market in the fourth quarter of 2020, a report showed Wednesday, amid the pandemic-induced stay-at-home trend. The...

Feb 17, 2021
Kumho Tire union votes to accept wage freeze

Unionized workers at Kumho Tire have voted to accept a wage deal for the year of 2020 amid the prolonged coronavirus pandemic, the union said Tuesday. The management and labor union reached an agree...

Feb 16, 2021
[News Focus] More homegrown COVID-19 therapies coming

Following Celltrion’s antibody therapy, GC Pharma’s blood plasma-derived therapy and more on the way

Feb 16, 2021
SK Bioscience to manufacture Novavax vaccine for 20 mil population

South Korean vaccine-maker SK Bioscience will manufacture 40 million doses of US’ Novavax vaccines, enough to inoculate 20 million people. Under the agreement signed by SK Bioscience, Korea Disease ...

Feb 16, 2021
Employment gap widens throughout COVID-19 fallout

Bearing the brunt of a prolonged COVID-19 fallout, South Korea saw the employment gap widen between top-tier businesses and smaller ones last year, data showed Tuesday. The number of employed people...

Feb 16, 2021
CJ CheilJedang win nods for marine biodegradation material PHA

CJ CheilJedang is picking up speed with its white biotechnology business, having won a global certification for its biodegradable plastic, the company said Tuesday. CJ‘s polyhydroxyalkanoate, which ...

Feb 16, 2021
LS Group president tipped as likely candidate for next KITA chairman

LS Group Chairman Koo Ja-yeol has emerged as the most prominent candidate to become the next chairman of the Korea International Trade Association, according to industry sources on Tuesday. As the n...

Feb 16, 2021
Shinsegae’s Signet Partners announces investment in ride-hailing app Grab

Signet Partners, Shinsegae Group’s corporate venture capital firm, announced Tuesday that it had made an investment in the Singapore-based ride-hailing and food delivery app Grab. Explaining the dec...

Feb 16, 2021
Samsung top tablet vendor in Europe, Middle East, Africa in Q4: report

Samsung Electronics Co. was the top vendor in the Europe, Middle East and Africa (EMEA) tablet market in the fourth quarter of 2020, a report showed Tuesday, amid the pandemic-induced stay-at-home tr...

Feb 16, 2021
Restructuring inevitable for Renault Samsung for survival: chief

The chief of Renault Samsung Motors Corp. said Tuesday restructuring will be "inevitable" for the company's survival amid the prolonged coronavirus pandemic and lower demand for its models. In a mes...

Feb 16, 2021
Imprisoned Samsung heir allowed to meet execs after 4-week virus isolation

Lee Jae-yong, the de-facto leader of Samsung Group, has ended his mandatory isolation in a correctional facility and is allowed to meet group executives, industry insiders said Tuesday, raising specu...

Feb 16, 2021
S. Korea's power generation falls for 2nd year in 2020 amid pandemic

South Korea's electricity generation fell for the second consecutive year in 2020 as demand dipped amid the coronavirus pandemic, data showed Tuesday. The amount of electricity generated by the nati...

Feb 16, 2021

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