SEJONG -- Political heavyweights from the ruling People Power Party said they would not spare any effort to overcome a variety of economic challenges during a meeting with senior government officials and presidential aides in Seoul on Wednesday. Their meeting comes as the nation’s inflation -- 6 percent in June -- hit its highest point in more than two decades. The country is also grappling with...

South Korea should raise export competitiveness and make full use of nuclear power to tide over the global inflation and energy shock, Industry Minister Lee Chang-yang said Wednesday. “The global inflation and the energy price hike have shocked our economy. As Korea is highly dependent on energy imports, we are fully affected by both,” Lee said in a press conference in Sejong. “We need to do tw...

South Korean convenience stores are testing their service accessibility to remote areas by deploying drones for delivery use to enhance customer experience. Local convenience store chain CU said Wednesday that it has launched a drone delivery service for the first time at CU’s Yeongwol Gongju branch in Gangwon Province. The delivery drone, which weighs 17 kilograms and measures 70 centimeters i...

Korean American mathematician June Huh on Wednesday underlined the importance of communication and collaboration when it comes to solving difficult problems in mathematics, a day after he became the first person of Korean descent to win the internationally prestigious Fields Medal. “The charming point of mathematics is that collaborative research has become very active in today’s mathematics,” H...

President Yoon Suk-yeol has declared that South Korea will open the era of the “space economy,” aiming to develop a lunar lander by 2031 and expand its participation in the Artemis program during his visit on Wednesday to the Korea Aerospace Research Institute in Daejeon to congratulate the second successful launch of the Nuri. The OECD defines the space economy as the full range of activities a...

SINGAPORE , July 6, 2022 /PRNewswire/ -- Sustainability efforts were already embedded in Farrer Park Hospital's ("FPH" or "the Hospital") DNA since its early phase of conceptualisation. Since FPH went operational in 2014, the Hospital has attained optimal energy savings of 30 per cent annually. Within the Hospital, light fittings with motion sensors that are designed to switch off when not in...

Controversy is again brewing over the first lady, as an acquaintance of hers was found to have been among the president’s retinue at the NATO summit last week. The presidential office denied any wrongdoing. According to local news media reports that broke late Tuesday and into Wednesday, a person not belonging to the presidential office was part of President Yoon Suk-yeol’s delegation in Madrid....

Hana Bank, one of the five biggest banks in South Korea, and Kyung Hee University launched a philanthropic campaign Wednesday to ask people to bequeath their fortunes to charity, amid growing awareness of charity pledges leaving behind positive social impact. The bank will help those seeking to put money into philanthropic causes draw up a financial plan in advance while the university will look...

The BA.5 version of omicron is on course to take over as the dominant COVID-19 virus in South Korea, with the number of cases tied to the variant having tripled over course of a week, data showed Wednesday. The BA.5 variant appeared in 24.1 percent of sequenced samples in the last week of June, more than triple the prior week’s 7.5 percent, according to the Korea Disease Control and Prevention A...

Posco Chemical on Wednesday unveiled a carbon neutrality roadmap for its battery materials business, aiming to meet RE100 standards by around 2035. It aims to replace 100 percent of the electricity it uses for producing cathode and anode materials with eco-friendly sources. But the company said that does not mean that it will join the RE100 club by 2035. The Korean firm aims to complete its ene...

South Korea’s home appliance brand Coway was named one of the “Best Korean Brands 2022” by global management consulting firm Interbrand. Interbrand has announced top 50 Korean brands since 2013. This year’s recognition marks the eighth consecutive year that Coway has been named among 50 best South Korean brands. Coway’s rank, which was placed at 27th last year, jumped up three levels to 24th. C...

Recently, Kasper became part of Mnet’s dance survival program “Be Mbitious,” which aired in May. The show invited male dancers who didn’t belong to a crew. The eight winners from the show will form the dance group Mbitious and compete on another show, “Street Man Fighter.” Asked why he is stepping outside his comfort zone, Kasper got candid: He saw the opportunity to make it big through dancing...

TAIPEI , July 6, 2022 /PRNewswire/ -- DIGITIMES Research report shows that Taiwan's ICT industry development has shifted from focusing on hardware to hardware/software integration models. The industry is combining big data analysis and AI applications in public IoT to facilitate the development of smart city management. Tools such as IoT, AI, cloud computing, and communications technologies ...

Turmoil might be ahead for the ruling People Power Party, with its ethics panel set to rule on allegations facing Chairman Lee Jun-seok on Thursday. The ruling party’s internal ethics panel will decide whether to penalize Lee for “failing to maintain dignity” and “coercing to destroy evidence” in relation to a sexual bribery case, at 7 p.m. Thursday. Police have been investigating allegations t...

A body found Tuesday in an estuary of the Han River just south of the border with North Korea may have floated from North Korea, police here said Wednesday. The body, presumed to be a boy around 10 years old, was recovered at the estuary in Gimpo, Gyeonggi Province, just 9 kilometers from the Military Demarcation Line. It is where Han River meets the West Sea. When the body was recovered, the d...