Economy
-
S. Korea's main gateway gains highest level of customer service accreditation at global airport summit
SEOUL -- South Korea's main gateway in the western port city of Incheon has received the highest level of customer service accreditation at a global summit designed to evaluate airport operators' customer experience management capacity. This is the second time Incheon International Airport acquired the highest level in the accreditation program where 89 airports are involved. Customer experience refers to all activities experienced by airport visitors before they board the flig
7 September 2023
-
Korean Air starts bio-aviation fuel demonstration with oil refiner GS Caltex
SEOUL -- Korean Air, South Korea's flag carrier, has started the demonstration of bio-aviation fuel provided by the country's major oil refiner GS Caltex. The first biofuel-based cargo flight took off from Incheon International Airport, South Korea's main gateway, and headed to Los Angeles. A total of six cargo flights will be tested for three months. Biofuel is produced using plant-based or animal-based oil such as cooking oil from fast food restaurants or palm oil. Biodie
6 September 2023
-
GI Innovation partners with US tech company Medidata to develop AI-based immuno-oncology pipeline
SEOUL -- South Korea's pharmaceutical company GI Innovation will work with Medidata Solutions, a New York-based clinical trial data solution provider, to accelerate the clinical development of its immunotherapy agents -- GI-101 and GI 102. Medidata's artificial intelligence and big data would be used for the two immuno-oncology candidate substances. GI-101 is a dual fusion protein that combines functions of CD80 and IL-2, proteins that play crucial roles in the immune system. G
5 September 2023
-
S. Korean President Yoon to visit Indonesia for ASEAN summit meetings
SEOUL -- South Korean President Yoon Suk-yeol will embark on a six-day journey to Indonesia to attend the ASEAN summit meetings and visit India for a summit meeting with Indian Prime Minister Narendra Modi. Indonesian President Joko Widodo invited President Yoon to attend a summit meeting. President Yoon will attend a set of meetings including South Korea-ASEAN summit meetings and the South Korea-China-Japan trilateral summit meeting as well as a gala luncheon session hosted by the Ind
5 September 2023
-
LG Magna e-Powertrain to construct EV parts plant in Hungary by 2025
SEOUL -- LG Magna e-Powertrain, a joint venture between Canada's mobility technology company Magna International and South Korea's LG Electronics, will build a plant in Europe to produce electric vehicle components such as electric motors. The company's first European factory will be built in Hungary's industrial city "Miskolc" by 2025. The EV parts plant will be set up in Miskolc in northwestern Hungary, LG Magna e-Powertrain, said on September 4. The 26,000-s
4 September 2023
-
S. Korea and French company L'Oreal kick-start incubation program for 'beauty tech' startups
SEOUL -- South Korea and French personal care company L'Oreal have kick-started an incubation program for South Korean startups that specialize in "beauty tech" products. The project is part of a partnership between South Korea's startup industry and the French beauty product company that was forged in June 2023. Beauty tech refers to skin care technology that incorporates artificial intelligence-based devices and solutions that analyze and provide appropriate care
4 September 2023
-
SK ecoplant joins project to build wind power facilities in Canada
SEOUL -- A consortium that involves SK ecoplant, an environmental and energy solution provider affiliated with South Korea's SK Group, has secured a 1,077.91 square-kilometer-wide land in eastern Canada to build wind power facilities. Along with Canadian renewable energy provider World Energy GH2, SK ecoplant aims to generate carbon-free green hydrogen by breaking down water with electricity produced by wind generators and deliver it to other continents including Europe after convertin
4 September 2023
-
S. Korea to inject $109 mln to boost seafood industry amid fears of radioactive waters from Japan
SEOUL -- South Korea will inject a total of 144 billion won ($104 million) in a bid to stimulate the consumption of seafood after the industry was frozen due to Japan discharging contaminated water including radioactive materials such as tritium from the Fukushima nuclear power plant, the world's worst nuclear disaster site since the Chernobyl nuclear disaster in 1996, into the Pacific Ocean. Despite South Korea's seafood market entering one of its busiest seasons at the end of
1 September 2023
