Samsung Electronics Vice Chairman Lee Jae-yong on Tuesday showed up to participate in the Samsung Ho-Am Prize award ceremony for the first time in six years, but stayed mum on questions about his meeting with Intel’s CEO from the previous day. A group of reporters asked him about investment plans on his way to the ceremony, but Samsung group‘s de facto leader did not answer any questions. Named...

28. “Morning Snow” The song rings out a calm ethereal vibe that stands out among the dark, mysterious sounds of the eighth album. It expresses his gratitude for fans and the innocent love they share, just like the pristine untouched snow of the early morning. Some say the song may have been a farewell to the fans as the lyrics sing of cherishing this moment that will soon turn into the past, whi...

SEJONG -- South Korea suffered a “triple” decline in industrial output, consumption and investment in April amid expanded economic uncertainty from global inflationary pressure and a glitch in supply, state data showed Tuesday. According to Statistics Korea, industrial output decreased by 0.7 percent in April on-month, private consumption (also called retail sales) by 0.2 percent and facilities ...

A business-led civilian committee was launched Tuesday to support Busan’s bid to host the 2030 World Expo, one of the world's biggest international events, in the realm of the World Cup and Olympics. SK Group Chairman Chey Tae-won, who doubles as chairman of the Korea Chamber of Commerce and Industry, leads the committee, while top executives of 11 conglomerates are joining to add weight to the ...

South Korean voters are heading to the polls again on Wednesday for local elections, just three months after the 20th presidential election in early March. Occurring every four years, the local elections will determine the new heads of autonomous local government units and members of local councils, including the two high-profile posts of Seoul mayor and Gyeonggi Province governor. The total num...

Television celebrities and movie stars may not only be competing with virtual social media influencers like Rozy, but also with other 2D characters for advertising gigs as a growing number of businesses show interest in webtoons and animations to target millennials and Generation Z, locally known as the MZ generation. Hyundai Mobis, Hyundai Motor Group’s auto parts maker, revealed a racing anima...

Naver Webtoon, South Korean tech giant Naver’s web-based cartoon platform, announced that it is receiving applications for “The Greatest Webtoon Contest 2022” starting Wednesday. The contest will be held twice this year, with the goal of promoting the creative content industry and local webtoons as well as finding webtoon creators to lead the company, Naver Webtoon said. Applicants are required...

Territorial dispute over the Dokdo islets has flared up once again, even as the governments of South Korea and Japan expressed their respective determination to reset their long-strained relationship. The South Korean government rejected a protest from Japan on Tuesday after the neighboring country lodged a complaint against Seoul for conducting a marine survey in waters off the Dokdo islets. “...

Touting its expertise in accumulated transportation data and mobility platform operation experience as its biggest asset, top Korean IT firm Kakao Group’s taxi-hailing service division Kakao Mobility has also stepped into the UAM business. By forming a consortium comprising LG Uplus, GS Caltex, domestic drone solutions company Pablo Air, low-cost carrier Jeju Air and British UAM manufacturer Ver...

The 2022 local elections are upon us. Here’s a quick look at the vote by key numbers. 2.2 percent This is the first local election in which 18-year-olds can cast ballots. They already hit the polls during the presidential election in March after the voting age was lowered from 19 to 18 in late 2019. The number of 18- and 19-year-old voters stands at 973,335, or 2.2 percent of the country‘s 44....

Monthly lease contracts exceeded half of South Korea’s home rentals and surpassed “jeonse” transactions for the first time in April, government data showed Tuesday, mostly due to greater debt burden sparked by soaring interest rates on loans. Of the total 258,313 lease transactions for apartments and houses, 50.4 percent of them were for monthly rentals in April, according to the Ministry of Lan...

South Korea has the most established electric vehicle charging infrastructure per unit in the world, a report by an autonomous intergovernmental organization said Tuesday. The latest findings released in the Global EV Outlook 2022 by the Paris-based International Energy Agency showed that South Korea had 2.6 EVs per charging point last year. A charging point refers to the number of sockets that...

Passengers get ready to depart to Fukuoka, Japan, from Gimhae International Airport near Busan on Tuesday, as the airport opened the route to the Japanese city for the first time since its pandemic closure two years ago. Gimhae became the first regional base gateway in South Korea, outside of Incheon International Airport, to resume passenger flight services to Japan.

HANNOVER, Germany , May 31, 2022 /PRNewswire/ -- Midea Industrial Technology, showcased innovative automation and green energy products from its two industrial automation brands Servotronix and Hiconics at Booth B38/3, Hall 11. "We hope to leverage the Hannover Messe for more in-depth exchanges with partners and customers from the global industrial community", said Diego Fu , Vice President...

The presidential office has backtracked on its stance on abolishing the role of an independent inspector general as criticism arose even within the ruling bloc, saying it would not get rid of the position. A senior official from the presidential office told reporters Tuesday, “We are sorry that it seemed like we were discussing the premise of abolishing (the position of) the independent inspecto...