South Korea's largest dental implant maker announced Thursday it will discuss the firm's delisting from the secondary bourse Kosdaq at its extraordinary general meeting slated for June 28. Osstem Implant plans to initiate the delisting application process once the resolution is passed at the general meeting that will be attended by private equity funds Unison Capital Korea and MBK Partners, the firm's largest shareholders. The MBK Partners-Unison Capital Korea consortium has acq

LG Water Solutions, the arm of LG Chem specializing in manufacturing seawater reverse osmosis membranes, has secured an exclusive supply agreement for the Ashdod Rehabilitation Project in Israel, aiming at strengthening the company's presence in the Mediterranean desalination market. Under the agreement, LG Water Solutions will supply a total of 30,000 SWRO membranes to the Ashdod plant throughout the year. With a capacity of 336,000 m3/day, this can generate clean water for approximately 1

GS25, the leading convenience store chain in South Korea owned by GS Group, said Tuesday it is launching an artificial intelligence-developed alcoholic beverage -- a first globally -- this week. GS25 has partnered with Brewguru, a startup brewing company, to apply AI-based knowledge in developing and introducing a whiskey highball beverage called AskUp Lemon Sparkling Highball. This offering is the world's first alcoholic drink that incorporates AI’s expertise into its decision-maki

The American Chamber of Commerce in Korea held a digital innovation forum on Monday, aiming to foster dialogue and exchange ideas about the rapidly expanding generative artificial intelligence industry with its stakeholders. The AmCham Digital Innovation Forum 2023, which was held for the second time this year at the Grand InterContinental Parnas, focused on the theme “The Industry Application and Popularization of Generative AI,” in response to the recent surge of interest in Micros

SK Group is sponsoring art and cultural festivities in New York as part of business efforts to expand its presence in the US market. The SUPEX Council, the group’s highest consultative panel, confirmed that five SK affiliates -- SK E&S, SKC, SK On, SK C&C and SK Ecoengineering -- will participate as corporate sponsors in the Lincoln Center's Summer for the City festival in New York from June 14 to Aug. 12. It is the group's first time employing the key “Global Sto

Samsung SDS announced Thursday that it has formed strategic partnerships with o9 Solutions, a US-based planning platform provider, and Emro, a Korean Supplier Relationship Management vendor, in a bid to jointly develop global SRM Software as a service solution. Samsung SDS said it plans to complete the development of the SaaS solution this year, and secure customers by 2024 to cement its position as a market leader. SRM has become a crucial factor in strengthening the firm’s competitiven

Starbucks Korea, Korea’s top specialty coffee chain, now accepts Apple Pay, Apple’s mobile payment service, as of Tuesday. Starbucks Korea is the second retailer under Korean retail giant Shinsegae Group to implement the near-field communication system for Apple Pay following E-mart24, Shinsegae’s local convenience store. Apple Pay landed in Korea on March 21 with local partner Hyundai Card. “Ninety-six percent of Starbucks cafes, except for the 40 located inside departme

Lee Bok-hyun, chief of the Financial Supervisory Service, is heading to Southeast Asia this week to promote the globalization of South Korea’s financial markets and attract global investors, the financial watchdog said Tuesday. The FSS chief, accompanied by representatives from Korean financial companies, was scheduled to visit Thailand, Singapore and Indonesia and hold investor relations events there. Lee’s visit began with a trip to Thailand on Monday, where he met with Sethaput

South Korean cable maker LS Cable & System said Monday it had won an order worth 2 trillion won ($1.5 billion) as part of the largest-ever transmission network project launched by Dutch state-run grid operator. The Korean firm is forming a consortium together with Belgian construction companies Jan De Nul and Denys to secure the deal. The project aims to connect a North Sea offshore wind farm with inland areas of Germany and the Netherlands through high-voltage direct current (HVDC) cables.

The British Ambassador to Korea Colin Crooks hosted a reception to celebrate the 140th anniversary of the establishment of diplomatic ties between South Korea and Britain, as well as the coronation of Britain's King Charles III at the British Embassy in Seoul on Wednesday. During the event, Crooks expressed gratitude to the visiting guests and highlighted the long-standing ties of the two nations, expressing optimism for a bright future of cooperation. Crooks was particularly grateful for

Elementary school students would love to hear “I love you” the most from their parents and teachers on Children’s Day, according to a survey released Wednesday. According to the survey conducted by Chungcheongnamdo Office of Education, 37.8 percent of respondents said they wanted to hear "I love you" while 24 percent said they want to hear "you can do it.” From their friends, some 40 percent of respondents said they want to hear "let's hang out

One in 5 elementary and middle school students have expressed a desire to attend medical school, a survey showed Tuesday. According to a poll of 1,344 students conducted by MegaStudy Education, an online-based education platform, 21.6 percent of respondents chose medical science as their preferred major in university. The second most popular choice was natural science with 18.7 percent, followed by engineering, and humanities and social science, with 15.5 percent and 10.3 percent, respectively

Tens of thousands of workers took to the streets nationwide on Monday in South Korea to mark Labor Day with protests against labor reforms being pushed by the Yoon Suk Yeol government. Workers belonging to the Korea Confederation of Trade Unions and the Federation of Korea Trade Unions -- the country’s two major umbrella labor organizations -- participated in large-scale rallies across the country, including in the metropolitan cities of Seoul, Daegu, Busan, Gwangju and the southern island

Seoul's Jamsu Bridge connecting Yongsan and Seocho districts will be closed from 12:00 a.m. on Saturday to 12:00 a.m. on Sunday due to a fashion show hosted by French luxury fashion house Louis Vuitton, the city government said Friday. During this time, the bridge will be inaccessible to cars, bicycles, motorcycles and pedestrians. Buses will also be taking temporary detours, it added. To inform people in the vicinity of the bridge about the traffic control measures and encourage them to fi

Nearly half of Korea's young people don't want their children to receive the same kind of education they had, a survey showed Thursday. According to a survey conducted by the Educational Broadcasting System (EBS) last August, 49.6 percent of Korean respondents reacted negatively to the question of whether their children should receive the same kind of education they had. Among the respondents of other countries who also answered the question negatively, Japanese ranked second at 39.5