To solve water shortage problems exacerbated by climate change, Amogreentech developed a gravity driven membrane system that can purify water using only a pressure difference with a nanofiber membrane. The system, developed by the Korean advanced material and component firm, boasts a high efficiency. The system's device wastes no excess energy and equipment to install and operate to remove contaminants and waterborne bacteria from the water. The device is easy to maintain with its effective

Korean Air, South Korea's leading airline, said Wednesday that it has ordered 20 additional Airbus A321neo aircraft, as part of efforts to deliver a modern flight experience to its customers. With the latest order, the total number of its A321neo aircraft has reached 50. The Airbus A321neo is a small-sized, single-aisle airliner with a total of 182 seats. Its eight "Prestige" seat options in business class allow travelers to relax comfortably on a 180-degree fully horizontal sea

South Korea has initiated a comprehensive examination of scenarios aimed at restoring guard posts in the Demilitarized Zone that were deactivated and dismantled in alignment with a 2018 inter-Korean military agreement, military sources said Wednesday. One potential first step involves the restoration of a disarmed guard post, the structure of which has been exclusively preserved for historical purposes through mutual consent with North Korea. South Korea has deemed it essential to implement coun

South Korean stocks opened a tad lower Wednesday ahead of the central bank's rate-setting meeting. The benchmark Korea Composite Stock Price Index (Kospi) lost 11.02 points, or 0.44 percent, to 2,510.74 in the first 15 minutes of trading. Overnight on Wall Street, US stocks climbed modestly on a dovish comment by a Federal Reserve official, with the Dow Jones Industrial Average edging up 0.24 percent and the Nasdaq Composite adding 0.29 percent. The Bank of Korea is set to decide on its pol

Hyundai Motor Group Executive Chair Chung Euisun has been named the winner of the industry leader category in this year’s Automotive News All-Stars awards, the South Korean automaker said Monday. “This award is in recognition of the entire Hyundai Motor Group family and partners all around the world who have worked so hard and devoted themselves to making sure that we achieve our vision of smart, sustainable mobility and progress for humanity,” Chung said. “Hyundai Motor

South Korea, the United States and Japan jointly conducted naval drills in waters south of the Korean Peninsula on Sunday to bolster their defense posture against North Korea's evolving nuclear and missile threats, the South's Navy said. The joint exercise took place in southeastern waters off Jeju Island involving the U.S. nuclear-powered aircraft carrier USS Carl Vinson, which has been docked at a naval base in Busan, 320 kilometers southeast of Seoul. The South Korean Navy's Ae

North Korea claimed Saturday its leader Kim Jong-un observed photos taken by the country's recently launched military spy satellite of "major target regions" in South Korea, where US Army bases are located, and parts of Hawaii. Kim visited the Pyongyang General Control Center of the National Aerospace Technology Administration (NATA) on Friday to "learn about the operational preparation of the reconnaissance satellite" and looked at the aerospace photos, the official

LG Group, the country’s fourth-largest conglomerate, announced its year-end executive reshuffle on Friday, seeking to infuse the top brass with younger blood. From Wednesday to Friday, affiliates of LG Group held board meetings to appoint three new chief executive officers and promote 136 executives. Among the 99 to become executives, 97 of them were born after 1970 and five were born in the 1980s, the conglomerate said. “The latest executive reshuffle sought to reform the leadership

Seoul shares opened higher Friday, with no major guidance in the markets due to the Thanksgiving holiday in the United States on Thursday. The benchmark Korea Composite Stock Price Index rose 3.38 points, or 0.13 percent, to 2,518.34 in the first 15 minutes of trading. Market participants expected the Federal Reserve is near the end of its hiking cycle and rate cuts are likely in 2024. But the latest Fed minutes said officials have no intention to ease the monetary policy. In Seoul, large-cap st

Seoul shares closed higher Thursday, helped by foreign buying, while investors remain concerned about the Federal Reserve's future policy path. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index was up 3.26 points, or 0.13 percent, to close at 2,514.96. Trade volume was slim at 353.45 million shares worth 6.43 trillion won ($5 billion), with decliners outnumbering gainers 469 to 403. Foreigners bought a net 119 billion won worth of stocks, offsetting

Seoul shares opened higher Thursday, following gains on Wall Street, with investors remaining concerned about the Federal Reserve's additional rate hikes to tame inflation. The benchmark Korea Composite Stock Price Index rose 3.11 points, or 0.12 percent, to 2,514.81 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average rose 0.5 percent to 35,273.03, and the tech-heavy NASDAQ also added 0.5 percent to 14,265.86. There have been expectations that the Fed has nearly

North Korea said Thursday it will immediately restore all military measures halted under a 2018 inter-Korean military accord after South Korea suspended part of the tension reduction deal following the North's launch of a military spy satellite. The North's defense ministry said it will "never be bound" by the military agreement any more, effectively scrapping the deal that calls for a series of tension reduction measures along the heavily armed border, and warned that the South must &

Seoul shares closed little changed Wednesday, as the Federal Reserve still warned against high inflation and US AI chip leader Nvidia released lower-than-expected earnings results. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index was up 1.28 points, or 0.05 percent, to close at 2,511.70. Trade volume was moderate at 433.37 million shares worth 7.66 trillion won ($5.9 billion), with gainers outnumbering losers 428 to 421. Institutions and individuals sold

South Korea on Wednesday decided to partially suspend a 2018 inter-Korean military agreement in order to resume reconnaissance near the border and enhance its readiness posture, hours after North Korea launched a military spy satellite. President Yoon Suk Yeol -- currently on a state visit to the United Kingdom -- gave his approval for a proposal to suspend the implementation of the no-fly zone clause in the Sept. 19 Comprehensive Military Agreement. Yoon's assent came hours after he presid

Terrestrial broadcaster SBS on Monday confirmed that V of K-pop sensation BTS and actor Yoo Seung-ho will star in its hit variety show, “Running Man,” in an episode set to air on Dec. 3. V, who was a guest on episode 671 (Sept. 10) was praised by the hosts, production staff and viewers after showcasing his skills in the psychological battle round and his ability to lead the show in various missions. He was admired for his poker face and using his acting to gain an advantage in the ga