South Korean electric cable manufacturer LS Group has launched a subsidiary to run electric vehicle charging business, officials said Thursday. The new unit, LS E-Link, was jointly established by LS, the holding company, and E1, an LPG importer unit under the group. “As EV transition accelerates, power usage will grow in EV charging stations which means that power engineering will become more i...

South Korean President-elect Yoon Suk-yeol and US President Joe Biden will hold their first summit in Seoul on May 21, 11 days after Yoon officially takes office, authorities confirmed on Thursday. Yoon’s office welcomed the US president’s trip to South Korea, as the US White House confirmed he will travel to South Korea and Japan from May 20 to 24. “President-elect Yoon Suk-yeol welcomes US Pr...

Kia has partnered up with The Ocean Cleanup, a Netherlands-based nonprofit engineering environmental organization, to remove plastic wastes from the sea for a sustainable Earth, according to Kia on Thursday. The Ocean Cleanup develops cleanup systems to remove floating pieces of plastic caught in what is known as the Great Pacific Garbage Patch -- a collection of marine debris in the North Pacif...

Hanwha Group Chairman Kim Seung-youn on Wednesday met with Edwin Feulner, the founder of the Heritage Foundation, a Washington-based policy think tank, in Seoul and exchanged views on ongoing geopolitical issues affecting the global economy. The latest meeting between Kim and Feulner took place as the American scholar visited Seoul for a conference. The two have maintained their friendship for...

South Korea’s cosmetics giant Amorepacific Group said Thursday its first-quarter net profit plummeted on-year by 13.4 percent to 171.2 billion won ($134.6 million), as sales dropped in duty-free business and in the Asian market due to the coronavirus pandemic. The group’s sales revenue decreased to 1.3 trillion won, down 9 percent in the cited period. Amorepacific Group’s domestic sales, accoun...

South Korean battery maker Samsung SDI on Thursday reported its best-ever quarterly earnings for the January-March period, with sales exceeding 4 trillion won ($3.1 billion) for the first time. In the first three months of this year, revenue surged 36.7 percent from a year prior to 4.04 trillion won, while operating profits more than doubled to 322.3 billion won. Despite supply chain disruption...

The Danish National Genome Center has awarded Lifebit a four-year contract to implement Lifebit's Federated Trusted Research Environment software, Lifebit CloudOS, within Denmark's national supercomputing center. LONDON , April 28, 2022 /PRNewswire/ -- Lifebit, whose leading technology enables secure analysis over sensitive datasets for researchers and interconnects such large patient cohor...

SEJONG -- Deputy Prime Minister and Finance Minister Hong Nam-ki on Thursday sent a signal that the financial authority would move to intervene in the foreign exchange market as the Korean currency sharply lost value against the US dollar recently. During a meeting to map out countermeasures against the current economic situation in Seoul, Hong said the won lost ground against the dollar at a fa...

문화재청 궁능유적본부가 다음달 5일 어린이날 7개 궁능을 전면 무료개방으로 전환한다. 또한, 내국인과 외국인에 대하여 별도의 궁능유적 관람료 체계를 적용하고 있는 부분에 대해서도, “문화적 다양성을 존중해나가는 사회적 추세를 반영하지 못하고 있다”고 판단된다며 “관람료 규정체계를 정비할 예정”이라고 밝혔다. 이로써 어린이날 외국인 어린이에 대하여 차별을 두었다는 지적은 일단락이 되었지만, 평상시 내외국인 궁능 관람료 차등에 대한 규정은 문화재청이 해결해야 할 다음 과제로 남게 된다. 문화재청은 최근 공개한 5월 궁능 무료개방 범위에 관한 안내 글에서 어린이날 궁능 무료 입장 제한 사항에 ‘외국인 어린이 제외’라는 문구로 대중들로부터 거센 비난을 받았다. 덕수궁관리소 홈페이지에 게시된 ...

South Korean tire maker Kumho Tire said Thursday that it will participate in two international tire exhibitions that will kick off in Europe. Kumho Tire will showcase its products at the Tire Cologne 2022 set to be held in Cologne, Germany between May 24 and 26, and at the Autopromotec 2022, slated to take place in Bologna, Italy, between May 25 and 28. Kumho Tire will display its high-performin...

Infertile women continue to be marginalised and excluded from treatment in developing countries SINGAPORE , April 28, 2022 /PRNewswire/ -- Women living with infertility in many developing countries are victims of a systemic process of cultural and institutional exclusion from assisted reproductive treatment. This view on access to and quality of infertility treatment services in the developi...

South Korea’s daily COVID-19 cases dropped under 60,000 for the 24 hours of Wednesday, government data showed Thursday. According to the Korea Disease Control and Prevention Agency’s report, the country added 57,464 new COVID-19 infections, bringing the total caseload to 17,144,065. The number of deaths from COVID-19 on the day came to 122, down 19 from the previous day’s 141. The death toll re...

In response to public outrage over the exclusion of foreign children from free admission to local historical sites on Children’s Day, the Cultural Heritage Administration on Thursday announced plans to revise the policy and will now allow all visitors, regardless of age or nationality, to enter at no cost. The original post, which was taken down Wednesday morning, said two accompanying guardians...

The controversial prosecution reform bill is expected to pass the final vote in the coming days, after the Democratic Party of Korea forcefully shut down its conservative rival People Power Party’s filibuster at the end of Wednesday. Proposed revisions to the Prosecutors’ Office Act is on track to be presented for a final vote this Saturday, as the People Power Party’s filibuster ended with the ...

The Ministry of Gender Equality and Family deliberately hid an internal sexual harassment case and went against the guidelines the ministry made for state-run agencies in preventing sexual crimes from being hidden or left unpunished, a lawmaker claimed Thursday. The revelation adds fuel to the voice demanding abolition of the Gender Equality Ministry amid growing gender divide as promised by Pre...