GS Retail, the operator of Korea’s convenience store chain GS25, said Wednesday it will deploy chicken-frying robots, joining the recent race to automate food manufacturing. The company forged a partnership with Roboarte, the food tech startup behind Robert Chicken that uses robot arms to fry chicken. GS25 plans to use the startup’s robots to fry frozen chicken from its own brand Chicken 25. “T...

South Korean stocks climbed Wednesday, in the wake of the United States and its European allies' announcement of financial sanctions against Russia over the move to dispatch Russian troops to Ukraine. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) advanced 12.74 points, or 0.47 percent, to close at 2,719.53 points. Trading volume was moderate ...

From eBay Korea to a pro baseball team and vineyards, Shinsegae Group has been on a shopping spree recently, and its latest target is IFC Seoul, a landmark complex in Yeouido, western Seoul. According to industry sources, Shinsegae Property, a developer affiliated with the retail giant, has joined a heated race to acquire the IFC complex worth an estimated 4 trillion won ($3.34 billion) as part ...

Ruling party presidential candidate Lee Jae-myung urged the government on Wednesday to ensure the safety of South Korean nationals and businesses in Ukraine amid the escalating security crisis there. Lee of the liberal Democratic Party also called on relevant countries to do everything for a peaceful resolution to the crisis, which has intensified since Russian President Vladimir Putin ordered t...

Most companies with foreign investors in South Korea have not yet been able to make investment plans for this year, due to the prolonged COVID-19 pandemic, according to a survey from the Federation of Korean Industries released Wednesday. Of the foreign-invested companies with more than 100 employees surveyed, 91.1 percent said they are yet to come up with an investment plan (64.4 percent) or do...

Former UN Secretary-General Ban Ki-moon has been appointed as an endowed chair at Seoul National University's (SNU) Department of Political Science and International Relations earlier this month, school officials said Wednesday. Ban plans to advise the university's graduate students on their research and careers until January 2025, according to SNU. The school, one of the country's most prestig...

To add 2,800 MW of new, renewables-based electricity generating capacity Aims to invest outside Thailand in three new renewables-based ventures Supports drive to reduce carbon footprint in fight against global warming Expects almost all capacity to be renewables-based within only 5 years "There are massive new opportunities arising from the disruptive global shift to renewables-based electr...

TAIPEI , Feb. 23, 2022 /PRNewswire/ -- TIMTOS x TMTS 2022, Walrus Pump themed it as "High-tech pumps are the future", people will find at Booth S1016 — where Walrus Pump will be showcasing its innovative technologies, product strengths, and commitment to the water pump industry. Professional team members Showcase of innovative products Walrus Pump, a leader in Taiwan's water pump sector...

In an apartment in the city, a ladder truck that was moving luggage to the 22nd floor lost its center of gravity and fell. A delivery truck and trees were damaged in the accident, but no one was injured. Police believe that the accident occurred because the ladder truck’s support parts were not properly fixed. In a country where apartments accounted for 62.9 percent of all housing units, accordi...

Though new approval involves the same Pfizer vaccine used for adults and those aged between 12 and 17, one-third of the usual dose will be administered to children aged 5-11. A second injection will be administered 21 days after the first, the ministry said. According to the ministry, the side effects observed in a clinical trial study submitted by Pfizer Korea were usually mild or moderate. Th...

The “Purple Island” in Sinan, South Jeolla Province, will be featured at the 2022 fall-winter Paris Fashion Week, slated to take place virtually next week, according to officials Wednesday. The island’s 1.4-kilometer purple bridge has been turned into a runway in a recent filming of South Korean designer Yang Hae-il’s show as part of one of the fashion world’s biggest events. The bridge connect...

HDC Group’s construction arm HDC Hyundai Development Co. said Wednesday that it has appointed its vice president Jung Ik-hee as its new Chief Safety Officer. Jung, 56, joined the firm in 1995 and has overseen the management at major construction sites until 2019. In 2020, he served an executive role to manage the local projects and engineering technology with his experience on sites. HDC Hyunda...

South Koreans aged between 19 and 34 rushed to open a state-backed savings account with a high yield of some 10 percent this week, with the product attracting nearly two million applicants as of Wednesday. The state-backed savings account launched Monday -- dubbed the Youth Hope Savings Product -- is designed specifically for those aged between 19 and 34 with an annual income of or below 36 mill...

LG Electronics said Wednesday it is exiting its solar panel business, citing unfavorable market conditions such as rising costs and price competition as the key factors. The Korean tech giant, following a board meeting on Tuesday, said it would stop producing solar panels and modules by June 30, with some 900 employees being relocated to other business divisions, including those of other LG comp...

To show off his uniqueness to the fullest, Chang participated in every aspect of the album, not only as a singer but also as a songwriter, composer, sound mixer and producer. It took a full year to complete the EP, Chang explained. It also took about two years to find his identity as a musician before returning as a solo artist. The answer was his “voice,” he said, “(My) identity is making music...