Established inside Korea’s first integrated mill, the facility in Pohang was built as the government at that time sought to make the nation an industrial superpower. It had produced more than 55 million metric tons of crude steel until now, an equivalent to building 1,380 300,000-ton oil tankers or 55.2 million mid-sized vehicles. The company said that the facility had supported the country’s m...

Samsung Electronics is expected to regain the top spot in the global semiconductor market by revenue this year, outpacing its archrival Intel for the first time in three years. According to estimates collected by market tracker FnGuide on Wednesday, the Korean tech giant is estimated to post 95.13 trillion won ($80.18 billion) in chip sales this year, up 30.6 percent from last year. The record ...

If entry restrictions are eased by the end of January, B.I.G will go to Japan for a while for concerts there, the group hinted. Jinseok, who is called “Arabian prince” by other members, said he has received messages from global fans on social media, asking to “hold a performance ASAP.” He felt sorry about the pandemic situation, and promised to work harder to improve his singing and performing ...

The loosening of a fixture that holds a helium tank of the Nuri rocket blocked the country’s first homegrown rocket from a successful launch, officials said Wednesday. After two months of data analysis, government officials and experts concluded that the degree of buoyancy increase during flight was not sufficiently considered when designing the fixture for Nuri’s helium tank. According to the ...

Left-leaning figures have come under fire for making comments about Kim Keon-hee’s appearance, with some calling the remarks “misogynous.” The latest comments on Kim, the wife of People Power Party presidential candidate Yoon Suk-yeol, came after she publicly apologized for embellishing her career history. On Wednesday, former lawmaker Sohn Hye-won once again took to social media to comment on ...

Main opposition People Power Party’s presidential candidate Yoon Seok-youl has come under fire over a comment he made on Tuesday that “most South Koreans, especially young people, dislike China.” Following the comment, a spokesperson of the ruling Democratic Party’s campaign committee said the comment was “shocking” and “low” to reduce diplomatic relations between countries to whether who likes ...

SK Group, the third-largest conglomerate in South Korea, albeit lesser known on the global stage than Samsung, plans to surprise the world with its grand plan to reduce 1 percent of the world’s carbon emissions at the Consumer Electronics Show 2022. Bringing a rather public agenda at the world’s largest tech event where technological innovations take center stage, SK will share its hydrogen stra...

SHENZHEN, China , Dec. 29, 2021 /PRNewswire/ -- The 23 rd China High-Tech Fair (CHTF2021) opened in Shenzhen, China on December 27, 2021 . China Hi-Tech Fair 2021--China's No. 1 Technology show opens on December 27-29 in Shenzhen China CHTF 2021 includes both online and offline components spanning five days and three days respectively. More than 1,900 domestic and foreign enterprises a...

Lee Jae-myung, the presidential candidate from the ruling Democratic Party of Korea, appears to be taking a head-on tactic to tackle controversies. In a radio interview Wednesday, Lee admitted to academic plagiarism and reiterated that Gachon University should revoke his master’s degree. “I did not provide citations in my thesis, and it is plagiarism. I gave up on my degree,” Lee said in the in...

Minor presidential candidates are gaining increasing attention as the two main contenders continue to lose appeal to politically neutral voters in the neck-and-neck race. The trend is particularly visible for People’s Party chief Ahn Cheol-soo, whose ratings rose significantly while the mudslinging was in force between Lee Jae-myung of the ruling Democratic Party and Yoon Suk-yeol of the main op...

The ruling Democratic Party and the government agreed Wednesday on the need to extend the current virus curbs and allocate funds for the purchase of a fourth shot of vaccines, a DP spokesperson said. The two sides reached the consensus during a meeting on the COVID-19 response, noting that key indicators, such as the operation of ICUs and the numbers of critically ill COVID-19 patients and death...

President Moon Jae-in pledged Wednesday to step up efforts to give students with disabilities equal rights to education so as to help them better integrate into society. Moon made the remarks at a ground-breaking ceremony of the nation's first vocational school affiliated with a state-run university for students with disabilities in Gongju, 160 kilometers south of Seoul. "We must have equal opp...

South Korea and the US “effectively” have agreed on a draft text of an end-of-war declaration, although questions remain on how to advance consultations with North Korea, Foreign Minister Chung Eui-yong said Wednesday. Chung reiterated the Moon Jae-in government’s position that an end-of-war declaration provides a “very useful opportunity to resume dialogue” amid a protracted deadlock in talks w...

Remittances from North Korean defectors to their families living across the inter-Korean border fell by 18.2 percent while Pyongyang has maintained a border lockdown for two years and strengthened controls over its society, Seoul-based nongovernmental organizations said in a joint report. The Database Center for North Korean Human Rights and North Korea Social Research conducted a mixed in-perso...

Samsung Electronics reduced chip production in Xian where Chinese authorities placed a strict lockdown last week to contain the prolonged pandemic. According to Samsung Newsroom Thursday, the South Korean IT giant “decided to temporarily adjust operations” at its chip factory in Xian. The decision was made to protect the health and safety of its employees and partners, according to the press re...