Further investments on the part of South Korean display panel manufacturers in large OLED panels for televisions, monitors and laptops will be unlikely for the rest of 2022, according to a panel expert on Thursday. Yi Choong-hoon, chief executive officer of display panel research firm UBI Research, cited a slow path to profitability in the cutting-edge panel businesses by Samsung Display and LG ...

SEJONG -- Economic policymakers on Friday said they would ramp up pressure on gas stations in a bid to ease inflationary pressure from surging energy costs, as soon as an expanded fuel tax cut goes into effect next week. The government announced last week that it would further increase tax cuts on fuel consumption from the current 30 percent to 37 percent, the maximum legal cap. “In consultatio...

South Korea is inching closer to approving its first homegrown vaccine with expectations that the government’s official announcement could come as early as next week. According to pharmaceutical industry sources Friday, the Ministry of Food and Drug Safety has been considering the review process for SK Bioscience’s COVID-19 vaccine candidate GBP510 since the company submitted a request for the a...

Porsche Korea CEO Holger Gerrmann was elected as the ninth German chairperson at the 41st Korean-German Chamber of Commerce and Industry Annual General Meeting on Thursday. Run by a co-chairing system, KGCCI will now be led by Gerrmann and Korean Chairperson Park Hyun-nam, who is also the Deutsche Bank CEO. “We will continue to create the foundation for Korean and German companies to grow toget...

HONG KONG , June 24, 2022 /PRNewswire/ -- New World Development Company Limited ("NWD", the "Company" or the "Group", Hong Kong stock code: 00017) announced today that the Company has become the third real estate developer in Asia to receive the Science Based Targets initiative's (SBTi) approval of its near-term 1.5°C aligned science-based targets (SBTs) and commit to the SBTi Net-Zero Sta...

The musical features actors that are not only talented in singing and dancing, but also with taekwondo abilities of a competitive level. Twenty-two actors went through six months of training to prepare for their roles. Among the actors, five are professionally trained taekwondo athletes. For former taekwondo national athlete Um Ji-min, in particular, who is a part of the World Taekwondo Demonstr...

NORTHWICH, England , June 24, 2022 /PRNewswire/ -- Tata Chemicals Europe ("TCE") today opened the UK's first industrial scale carbon capture and usage plant today, signalling a key milestone in the race to meet the UK's net zero targets. Tata Chemicals Europe Carbon Capture Plant, UK The £20 million investment has been completed by UK-based Tata Chemicals Europe, one of Europe's leading ...

People Power Party Chairman Lee Jun-seok is at risk of penalty from an ethics panel next month in connection to sexual bribery allegations, after the committee ruled that it would punish his close aide for attempting to silence Lee’s accuser in exchange for an investment. The party’s internal ethics panel on Wednesday deferred until July 7 a decision whether to penalize Lee for “failing to maint...

South Korea’s Ministry of National Defense flip-flopped on its announcement in regards to the case of a South Korean man killed by North Korean troops in 2020, in response to orders from a top official from the National Security Council, a lawmaker claimed Thursday. Rep. Ha Tae-keung of the People Power Party told reporters Thursday that Suh Choo-suk, former first deputy director of the NSC unde...

South Korean steelmaker Posco apologized Thursday for a recent case of sexual violence that occurred within the workplace. “We sincerely apologize to the victim and her family for the recent unsavory sexual violations in the company, and the company feels deeply responsible,” Posco Vice Chairman Kim Hak-dong said in a written statement. According to police in Pohang, North Gyeongsang Province, ...

TAIPEI , June 24, 2022 /PRNewswire/ -- Unlike most products, AEDs sit idle most of the time. However, a life-or-death situation follows when it's being used. The consequences can be tragic if an AED isn't properly maintained. WhaleTeq, a professional medical device test solution provider proposed a simple but accurate way to conduct AED maintenance check - DFS200, an AED Field Tester. DFS200...

Consumption of gasoline and diesel in South Korea jumped more than 40 percent in May from a month earlier, as expanded fuel tax subsidies channeled pent-up demand from the pandemic, data showed Friday. The combined consumption of the two fuel types reached 24.82 million barrels, up 43 percent from 17.35 million barrels logged in April, according to the data by Petronet, an online petroleum infor...

The company has been recognized by both the IPA and the BCI Asia Awards in 2022 HANOI, Vietnam , June 24, 2022 /PRNewswire/ -- The Flamingo Holding Group (Flamingo Group), a key player in the real estate arena both in Vietnam and around the world, has emerged as the winners of two vital categories at the prestigious International Property Awards (IPA) 2022. The Flamingo Group is also the ...

The US House Armed Services Committee has endorsed an annual defense policy bill for the fiscal year 2023 maintaining the current level of around 28,500 American troops in South Korea, according to media reports Friday. The proposed National Defense Authorization Act (NDAA) for the fiscal year starting Oct. 1 also directs the defense secretary to brief the committee no later than March 1 next ye...

President Yoon Suk-yeol said Friday that a revision to the 52-hour legal work week has not been officially decided by the government yet. Labor Minister Lee Jeong-sik told reporters a day earlier that the government will consider revising the 52-hour work week system in a way that will allow employers and workers to flexibly spread the hours over a period of a month. "The deputy prime minister ...