Economy
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SK Group units partner with US clean energy company for ESS projects
SEOUL -- SK gas, a natural gas provider affiliated with South Korea's SK Group, will work with Apex Clean Energy, a Virginia-based renewable energy company, to establish energy storage systems infrastructure in the United States. Through a joint venture, the South Korean company will build energy storage facilities in Texas with a capacity of 200 megawatts. The amount of generated electricity is enough to provide power to about 330,000 households annually. An energy storage sy
January 17, 2024 -
S. Korean socks brand Banana Sisters opens first store in Philippines
SEOUL -- South Korea's socks brand Banana Sisters has opened its first store in the Philippines. The store located in Manila provides more than 300 types of socks including premium fashion socks, sports socks, and products designed for adults and children. According to data released by global market research firm Statista, the socks market in the Philippines which stood at $39.8 million in 2024 is projected to reach $44.5 million in 2027. Banana Sisters CEO Jung Yong-ju said he
January 16, 2024 -
S. Korean ecommerce operators join cutthroat race to check Chinese giant Alibaba and Pinduoduo
SEOUL -- South Korean ecommerce operators including Tmon and Wemakeprice have joined a dangerous cutthroat race to check against Chinese online shopping giants Aliexpress, the business-to-customer wing of Alibaba Group, and Temu, the counterpart of Chinese online retail giant Pinduoduo. Aliexpress became the ecommerce app that gained the largest number of new users in South Korea in 2023, according to data released by Wiseapp, a smartphone app market research firm. Aliexpress garn
January 16, 2024 -
Harvard Business School highlights S. Korean food maker's overseas marketing achievements
SEOUL -- CJ Cheiljedang, a key subsidiary of South Korea's food and entertainment conglomerate CJ Group, was highlighted in the Harvard Business School's textbook for its successful expansion of the Korean cuisine brand "Bibigo" overseas. Through a case study, the global research institute featured the South Korean company's strategies and achievements through the iconic Korean food brand. CJ Cheiljedang is the first South Korean company to exceed 10 trillion
January 15, 2024 -
S. Korea's state oil company KNOC joins carbon capture and storage project in Indonesia
SEOUL -- South Korea's state-run oil and gas company will work with Indonesia's national energy firm Pertamina to seek carbon capture and storage business opportunities in oil and gas fields on Indonesia's Java Island. Depending on the feasibility study's result, the two sides will convert oil and gas fields into facilities for storing carbon dioxide. The carbon capture and storage (CCS) technique uses special equipment to collect carbon dioxide created after burni
January 11, 2024 -
[CES2024] Pulmuone showcases robot chef for refrigerated dishes at CES 2024
LAS VEGAS -- South Korean food product maker Pulmuone has presented a vending machine that can cook refrigerated dishes in about 90 seconds at the Consumer Electronics Show, the world's largest annual electronics exhibition held in Las Vegas. At the global electronics exhibition, the robot chef provided instant dishes including noodle soup with beef and broth and Tteokguk, a traditional Korean soup made of rounded rice cakes. Pulmuone said on January 10 that the instant food
January 10, 2024 -
[CES2024] S. Korean tech giants showcase AI butlers at CES 2024
LAS VEGAS -- South Korea's two technology giants -- Samsung Electronics and LG Electronics -- presented robot butler services at the Consumer Electronics Show, the world's biggest annual electronics exhibition held in Las Vegas. At the booths of both companies, visitors are exploring how artificial intelligence-based home companion robots can transform their daily lives. Samsung showcased "Ballie," a robot designed to help its master with chores aroun
January 10, 2024 -
[CES2024] Casino city Las Vegas transforms into hub for high-tech and sports industries
LAS VEGAS -- Las Vegas is transforming from a Casino town into a hub for high-technology through the Consumer Electronics Show, the world's largest annual consumer electronics exhibition. The city is attracting tourists from all across the United States, Europe, and Asia through the global event. The Consumer Electronics Show (CES) is an opportunity for global tech companies and related
January 9, 2024 -
Hanwha Q Cells to provide 12 gigawatt-class solar panels to Microsoft
SEOUL -- Hanwha Q Cells, the solar cell-making wing of South Korea's Hanwha Group, will provide 12 gigawatt-class solar panels to Microsoft by 2032. The amount of generated electricity is enough to provide power to about 1.8 million households annually. According to data released by global energy market research firm Wood Mackenzie, Hanwha Q Cells topped the residential and commercial solar module markets in the U.S. in the first half of 2023. The South Korean company is opera
January 9, 2024 -
Convenience store chain GS25 to operate 1,000 stores in Viet Nam by 2027
SEOUL -- The operator of South Korea's convenience store franchise GS25 aims to increase the number of its stores in Viet Nam to 1,000 by 2027 from the current 518. Along with Vietnamese snacks, the iconic South Korean convenience store chain is selling various South Korean food including Korean-style fried chicken and Tteokbokki, a menu of finger-sized rice cakes simmered in fiery-red spicy chili sauce. GS Retail, the operator of GS25, made a foray into the Vietnamese conve
January 8, 2024
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Global tech firms to present smart manufacturing solutions at 'Smart Factory + Automation World' in Seoul
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Occult thriller film 'Exhuma' attracts more than 10 mln moviegoers in 35 days of release
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Education company Visang provides smart Korean language learning platform 'Klass' to Vietnamese universities
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LS Cable embarks on construction of plant for new copper foil material
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Seoul's bus labor union launches strike for first time in 12 years
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US political turmoil reflects our wider society – in 2024 and earlier elections
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S. Korean mobility solution company targets historical city as gateway to Viet Nam
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Avikus validates fuel-saving effect of self-sailing solution 'HiNAS Control'
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Le Sserafim's "Easy" named on Billboard's top 200 popular albums chart for four consecutive weeks
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Life expectancy in South Korea decreases for first time since 2000