Samsung Electronics has come under heightened pressure to offer hefty pay increases amid strike threats from its minority labor unions over stalled wage talks, according to industry sources Wednesday. As the Korean tech giant has no majority labor union, an in-house management-labor council has held wage talks since October last year. But the two sides have failed to narrow their differences unt...

Samsung Electronics invested more money into its chip plants and equipment in 2021 than any of its competitors including Intel and TSMC. According to the South Korean chip giant Wednesday, the company poured 43.6 trillion won ($36.4 billion) for upgrades to and the expansion of its chip plants in Korea and China where advanced DRAM chips and vertical NAND flash memory chips are produced. The fun...

Asiana Airlines said Wednesday that it has been certified by Skytrax, a leading review site for airlines, as a 5-Star Airline for the quality of its airport and onboard product and staff service. The airline has been winning the highest rating for 16 consecutive years since 2007. This year, Asiana Airlines has also been certified with the highest Skytrax 5-Star COVID-19 Airline Safety Rating th...

SK Bioscience rolled out the first batch of Nuvaxovid, Novavax’s synthetic antigen-based COVID-19 vaccine, the company said Wednesday. On top of the 840,000 doses that were rolled out on Wednesday, SK Bioscience said it plans to supply a total of 2 million doses by the end of this month. The shipment follows the Ministry of Food and Drug Safety’s approval of the vaccine last month. In December,...

South Korea’s Hana Financial Group has nominated Vice Chairman Ham Young-joo, who led its flagship lender’s smooth operation and business rebranding after its grueling acquisition of Korea Exchange Bank seven years ago, to be the next chairman of the banking group. On Tuesday, the firm’s chairman nomination committee tapped Ham as the sole nominee for the position, citing his performance in gene...

A merger between South Korea’s two biggest air carriers picked up pace on Wednesday after they received an unconditional approval from Singapore and as a final decision by the Fair Trade Commission approaches next week. According to Korean Air, the Competition and Consumer Commission of Singapore concluded that the air carrier’s acquisition of Asiana Airlines will not infringe Singapore’s Compet...

Rapper Paloalto expressed his regret over refereeing decisions that disqualified Hwang and Lee June-seo, who was disqualified from the men’s 1,000-meter semifinal on the same day. Lee finished second in a separate semifinal race but was penalized for making a lane change that interfered with a Hungarian skater. The rapper’s post set off a flurry of angry comments from Chinese netizens, according...

Netherlands-based lithography equipment maker ASML is poised to add at least 1,000 more jobs in South Korea by the end of 2029, ASML CEO Peter Wennink said in a conference in Seoul Wednesday. The move will bolster its partnership with Korean semiconductor chip makers, including Samsung Electronics and SK hynix, the key clients for ASML’s extremely expensive lithography machines that are crucial ...

Retail companies in South Korea are taking the plunge into last-mile mobility technology by launching service robots and drones to provide contactless services sparked by the coronavirus pandemic. To meet the high demand for delivery and dining services, Mesh Korea, the operator of tech-based logistics startup Vroong, said Wednesday it has partnered up with Bear Robotics Korea, the Korean branch...

South Korea has switched to a do-it-yourself contact tracing scheme as the omicron variant changes how the outbreak is handled. And yet people are still required to scan personal QR codes that have so far allowed contact tracers to collect information about exactly where they visited and when. Starting Monday, those who test positive for COVID-19 will need to contact trace themselves through an ...

The top US diplomat to South Korea released a photo donning hanbok and backing its origin as Korean on Tuesday, in an apparent response to the controversy sparked by China’s alleged cultural appropriation over the traditional Korean attire during the opening of the Beijing Winter Olympics. Christopher Del Corso, charge d’affaires ad interim at the US Embassy in Seoul, posted two pictures of h...

Guri, Gyeonggi province, has an area of ​​33.29 square kilometers, making it the smallest city in South Korea. It has a population of around 193,000 as of October last year. The map of this city is changing slowly but surely. The size of the projected population of the city by 2035 is around 235,000. This is an increase of more than 20 percent from now. Guri Mayor Ahn Seung-nam is seeking popula...

Suwon City has turned into a more livable and safer place with people-centered governance and inclusive social development as the major driving force. The city has implemented policies to address entrenched marginalization, empower vulnerable populations including women, children, and the elderly and infirm, and ensure equal opportunities for them. Suwon, the most populous city among 31 cities ...

Mayor Ahn Seung-nam of Guri, Gyeonggi Province, is known as “the happy preacher.” He uses the word “happy” or “happiness” a lot ever since taking office as the 16th mayor of Guri in July 2018. “Who wouldn’t want to be happy? Most people aspire to be happy. Even if they may not be at the moment, people search for future happiness,” said Ahn, on why he emphasizes happiness so much. As Ahn took of...

Rep. An Min-suk of the ruling Democratic Party of Korea is once again raising controversy, this time linking unfair decisions at the Beijing Olympics to Samsung. An said in a radio interview Wednesday that the core reason behind the refereeing decisions that disqualified two short track speedskaters in the men’s 1,000-meter semifinals on Monday is that Samsung Group stopped financial support for...