South Korean food giant Daesang Group has completed construction of the first kimchi factory in the US, setting up an overseas base not only to penetrate the local market but also to expand exports to Europe and Oceania. Located in the City of Industry in LA, home to industrial facilities from overseas with business links to Asian countries, the factory can produce 2,000 metric tons of kimchi an...

BIZA Metaversity is AMAXG Group’s decentralized two-way artificial intelligence platform for education. A compound of “metaverse” and “university,” Metaversity expands the scope of educational institutions to the virtual world and brings different institutions together. It is a non-face-to-face web conferencing smart educational platform where anyone can be a lecturer. Educational institutions...

Cheong Wa Dae on Tuesday denied recent rumors regarding the first lady’s expenses over clothes and fashion items, saying that no state funds had been used. “The groundless assertions related to first lady Kim Jung-sook using special activity expenses for costumes to wear at official events are completely false,” Shin Hye-hyeon, deputy spokesperson for Cheong Wa Dae, said at a briefing Tuesday. ...

AMAXG Group’s BIZA-UVIT is a digital asset trading platform for non-fungible tokens (NFT) in content, culture, art, e-sports, movable assets and real estate. AMAXG built strategic partnerships with a number of organizations including the Federation of Artistic and Cultural Organizations of Korea (FACO), the Global Medical Aesthetic Exchange Association (GMAEA) and the Korea Blockchain Enterprise...

BIZA-Metaworld is a blockchain-based metaverse platform where the virtual world is almost seamlessly interwoven with the physical world, bridging the gap between the two realms. The term metaverse brings together the Greek prefix “meta” meaning after or beyond, and “universe,” which refers to physical reality. This “universe beyond real life” invites users to do practically anything that is poss...

BIZA-CarnegieMall is the world’s first blockchain-based peer-to-peer (P2P) shopping mall, an application of blockchain technology to an e-commerce platform. According to AMAXG, any entrepreneur can run their own store on the platform, without additional charges on signing up to the shopping mall or registering products. Transactions will be conducted through the company’s own digital currency, ...

INCHEON -- With the buyout of Samsung Bioepis’ stake, Samsung Biologics will become a global bio company based on the three pillars of contract development and manufacturing, biosimilars and new drugs, CEO John Rim said Tuesday. “Through issuing new stocks to raise about 3 trillion won ($2.46 billion) this year, we will take a full-fledged leap into becoming a global comprehensive bio company an...

An advocacy group for the disabled said Tuesday it would halt its protests in the subway in response to a request by the presidential transition committee, which vowed to “make efforts” to meet their demands. The presidential transition committee met with the protest organizer, the Solidarity Against Disability Discrimination, in the morning, listening to their concerns and asking them to halt t...

SK Inc., the strategic investment arm of SK Group, on Tuesday pledged to enhance shareholder benefits while consolidating its investment portfolio centering on advanced materials, biopharmaceuticals and carbon neutrality. The holding firm of the nation’s third-largest conglomerate held a general meeting of shareholders at its Seoul headquarters earlier in the day, during which all agenda items, ...

Australia has imposed its own sanctions against two Russian entities and a North Korean company linked with the reclusive regime’s recent test of an intercontinental ballistic missile. Canberra also condemned the launch as a serious escalation of the North’s “destabilizing behavior” that poses an “unacceptable risk to our region.” The Pyongyang-based Korean Ungum Corp. and two Russian fir...

While incumbent Prime Minister Kim Boo-kyum has been in office for less than a year since he was appointed by President Moon Jae-in in May 2021, the spokesperson said continuation of his tenure into Yoon’s administration is an issue separate from his competence. “(Kim Boo-kyum) has a good reputation and I also respect him, but whether he will maintain his post is a separate matter,” Kim Eun-hye ...

From impending state affairs and national security to their pet dogs, President Moon Jae-in and President-elect Yoon Suk-yeol discussed a wide range of issues in their belated meeting Monday, which came after weeks of tension. On Monday evening, Moon and Yoon first greeted each other in the front garden space of Sangchunje guest house at Cheong Wa Dae, the presidential office. The meeting, which...

After another failed attempt by SsangYong Motor to find a new owner, now all eyes are on whether the state-run Korea Development Bank will change its mind and bail out the ailing carmaker under the incoming Yoon Suk-yeol administration. SsangYong Motor, the Korean unit of Indian auto giant Mahindra & Mahindra, on Monday called off its merger and acquisition talks with Edison Motors, a local elec...

Lang Lee highlighted the bleak side of the Korean music scene where even an award-winning musician faces extreme financial difficulties. “Artists should get reasonable payments when they share thoughts or deliver performances in front of an audience. It’s our ‘paid work,’” she said, suggesting that she should be paid 300,000 won for media interviews, like the one conducted with The Korea Herald....

The omicron surge threatens to disrupt wedding plans of many couples here, but some are refusing to let it spoil the most important day of their life. Videoconferencing, livestreaming and emerging metaverse technology have made attendance possible even for those actively infected with COVID-19 -- including quarantined brides and grooms. A couple’s non-face-to-face wedding photo went viral recen...