The private sector should take the initiative in South Korea’s space development, currently led by state-run institutes, and foster the ground equipment and satellite communication service industries for the country to ascend as a space powerhouse, a report suggested Tuesday. The Federation of Korean Industries, a Korean business group, examined the current status of the aerospace industry and s...

Aiming for 8% Annual Revenue Growth and Operating Margin of 5~6% by 2027! - Held the 2024 CEO Investor Day on the 19 th … Targeting 40% of global OE sales in auto component manufacturing by 2033 - Focusing on securing leading technological competitiveness and improving business structure centered on profitability to achieve a TSR of over 30% - Strengthening high-value lineups such as EMB and...

By Jang Hye-lim The return of President Donald Trump signals a transformative moment for the global semiconductor industry. Geopolitical tensions, trade restrictions and rapid technological advancements are reshaping this critical sector. South Korea's semiconductor giants, Samsung Electronics and SK hynix, are global leaders in the memory chip market, but maintaining their dominance in this evo...

Police are pushing to introduce driver’s licenses dedicated specifically for personal mobility devices, such as electric scooters or motorized bicycles, according to the Korean National Police Agency. “The agency is planning to derive a reasonable proposal by January next year at the latest, after conducting surveys and consultations with related agencies and organizations by the end of this yea...

Singer Ailee is set to marry actor Choi Si-hoon next April, A2Z Entertainment announced Tuesday. The two met through a mutual acquaintance and have been openly dating for about a year. They became engaged in May after developing a deep bond built on love and trust, the agency said. "I have met someone who is not only supportive and caring, but also someone I can rely on. His understanding and c...

Jin of BTS is releasing the remix album, “Running Wild (Remixes),” at 2 p.m., Tuesday. The album contains eight versions of “Running Wild,” the main song in Jin’s first solo album “Happy.” The eight versions are the original version, instrumental, extended, band, ballad, holiday, Afropop and UK Garage versions. The extended version features an extra chorus, intensifying the song's energy, whil...

Singer and actor Lee Seung-gi is celebrating his 20th debut anniversary with a new album next month. According to Big Planet Made Entertainment, Lee will drop “With” on Dec. 4 at 6 p.m. This marks Lee’s first physical album release in four years since his seventh LP “The Project” in December 2020. Reflecting on this 20-year career as a singer, Lee shared his enthusiasm and vision for the upcom...

South Korean food giant CJ CheilJedang has reportedly decided to sell its industry-leading bio division, which had been a key pillar alongside its food business, signaling a shift in its strategic growth priorities. According to investment banking sources Tuesday, CJ CheilJedang is believed to have appointed Morgan Stanley as the lead manager for the sale and is engaging with potential buyers. T...

S. Korean FM reaffirms commitment to ‘peace through strength’ US Deputy Secretary of State Kurt Campbell speaks during a forum co-hosted by the Center for Strategic and International Studies (CSIS) and the Korea Foundation in Washington on Monday. Kurt Campbell, the US deputy secretary of state and a key architect of America’s Indo-Pacific strategy, made a direct appeal to the incoming Trump ad...

Second Vice Foreign Minister Kang In-sun visited Posco Group’s battery materials subsidiary Posco Future M’s anode manufacturing plant in Sejong, pledging to support the facility in recovering its production levels. While touring the site Monday, Kang said, “Natural graphite and anode materials are critical minerals with high reliance on imports, underscoring the urgent need to diversify the sup...

The National Museum of Korea has rolled out a new way for children to appreciate the country’s cultural heritage: a redesigned Children’s Museum that will engage children with interactive features. The exhibition “Heritage Quest: Discovering the Magic of the Past” marks the reopening of the Children’s Museum after an 18-month renovation. Children can view artifacts through vivid color displays a...

New report from Rocket Travel by Agoda outlines how travel drives high levels of loyalty in commoditized marketplaces SINGAPORE , Nov. 19, 2024 /PRNewswire/ -- Travel-based loyalty programs continue to climb in popularity thanks to the sector's ability to build loyalty through highly personalized customer experiences, according to a new report from Rocket Travel by Agoda. Rocket Travel by Ag...

SINGAPORE , Nov. 19, 2024 /PRNewswire/ -- The Asia-Pacific region, the world's most disaster-prone area, faces growing threats from climate change. Natural disasters are becoming more frequent and severe, highlighting the urgent need for enhanced global preparedness. In response, the inaugural Singapore-International Disaster & Emergency Management Expo (SIDEX) 2025, organised by COSEM (the co...

BEIJING , Nov. 19, 2024 /PRNewswire/ -- Wuliangye, a leading Chinese baijiu maker, held a concert in Washington, D.C. and showed up at the 2024 Fortune Global Forum held in New York and the 2024 APEC CEO Summit held in Lima recently, which is part of its "Harmony Global Tour" activity, to boost exchange, integration and coexistence of different civilizations with baijiu as a medium. At ...