Posco Group said Tuesday that it has opened a new research and development center, called Posco N.EX.T Hub, to work on AI, secondary battery materials and hydrogen and low-carbon energy. The establishment of the R&D center will become a platform for the group to secure the related technology and nurture the next-generation talent in line with the steelmaker‘s focus on low-carbon and eco-friendly...

The Korean government says the nation is moving toward stabilizing housing prices due to its supply and policy measures, but experts are scratching their heads. “(Cheong Wa Dae) has thoughts close to a conviction that housing prices have begun to stabilize,” said Park Soo-hyun, senior presidential secretary for public communication, in a local radio interview Tuesday. The nation’s housing price...

Mentioning the challenges faced by CICA, the executive direction stated that CICA unites diverse regions of Asia with different resonance and repercussion compared to other member states having diverging interests. “The principle of consensus is a very important value of CICA which provides equality of member states in decision-making,” he said, underlining CICA’s role as a dialogue platform for...

ShinhanCard said Tuesday it had launched a nonfungible token service for clients to store their pictures using the digital assets -- a first by a local financial company. NFTs are authenticated by blockchain, a record of transactions kept on networked computers that serves as a public ledger for verifying ownership. Each NFT has a unique digital signature and digital objects, like images and vid...

Two more members of the K-pop supergroup BTS -- RM and Jin -- were confirmed to have fully recovered from the new coronavirus and released from isolation Tuesday after Suga, their agency said. "Members RM and Jin were released from isolation at noon as they were confirmed to have been fully recovered from COVID-19," Big Hit Music said. "The two showed no serious symptoms of the virus during the...

The Georgian Embassy celebrated Georgia Day at the 12th week of The Korea Herald’s Eurasian Economic and Cultural forum on Dec. 29 at Sebitseom. The embassy helped arrange a wine tasting event and showcased Georgia’s history, traditions, cultural and touristic potential through video clips to CEOs attending the forum. “Georgia counts around 8,000 years of uninterrupted viticulture and unique wi...

South Korea's antitrust regulator said Tuesday it will accelerate the review of a deal by Korean Air Lines Co., the country's biggest carrier, to buy the debt-ridden Asiana Airlines Inc. In November 2020, Korean Air inked a deal to acquire a 63.88 percent stake in its smaller rival Asiana Airlines, a deal valued at 1.8 trillion won ($1.5 billion) that could create the world's 10th-biggest airlin...

An F-35A fighter operated by South Korea's Air Force made an emergency landing during a training session Tuesday due to avionic system issues, with its pilot having emerged unscathed, officials said. The radar-evading jet made the belly landing on a runway at an air base in Seosan, 151 kilometers south of Seoul, at 12:51 p.m. after the issues caused the landing gear to momentarily malfunction, t...

BEIJING , Jan. 4, 2022 /PRNewswire/ -- Chery Automobile has launched its first new energy vehicle (NEV) QQ Ice Cream recently, in light of which Wuhu City of east China's Anhui Province held a cultural festival on December 28 to not only introduce the new auto product, but also promote Wuhu's traditional culture. Photo shows the host venue of the cultural festival in Wuhu, east China's Anh...

Ahead of the release of its final episodes later this week, Korean reality dating show “Single’s Inferno,” first released on Dec. 18, 2021, notched the 10th spot on Netflix’s global TV list as of Monday. The series became the first Korean reality show to be listed on the service’s global top 10 chart. While the streaming service had previously showcased a number of Korean reality shows -- “Bust...

South Korean cell therapy developer GC Cell Corp. said Tuesday that it has signed the company's first licensing agreement with India-based Rivaara Immune to develop its liver cancer treatment. Under the agreement, Rivaara Immune has obtained the exclusive right to develop and commercialize Immuncell-LC, immunotherapy for liver cancer, in India. In return, GC Cell is entitled to receive an undis...

The North Korean defector who is presumed to have crossed the tense inter-Korean border to return home last week had received due resettlement support from the South Korean government, Seoul's unification ministry said Tuesday, amid reports he suffered economic difficulties after his defection. The man crossed the heavily fortified eastern border into the North over the weekend, about a year aft...

Online shopping in South Korea hit a fresh record high in November, data showed Tuesday, in the latest sign that a growing number of people are using computers and mobile devices to buy things, ranging from clothes to electronic goods amid the prolonged COVID-19 pandemic. The value of online shopping transactions stood at 17.5 trillion won ($14.7 billion) in November, up 16.5 percent from the pr...

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday it has received 1.67 trillion won ($1.39 billion) worth of ship orders. Korea Shipbuilding obtained an order from a Europe-based shipper to build six 15,000 twenty-foot equivalent unit (TEU) liquefied natural gas-powered container ships, the company said in a statement. The container carriers will be gradually delivered to the cl...

President Moon Jae-in on Tuesday instructed his aides to make utmost efforts to contain the spread of the highly transmissible omicron variant, as health authorities warned that omicron is likely to soon replace the delta variant as the dominant strain in South Korea. Moon also called for officials to spare no efforts to provide compensation to small merchants and self-employed people who were h...