Economy
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Business forum held in Seoul to improve supply chain cooperation between S. Korea and China
SEOUL -- At a business forum designed to enhance supply chain infrastructure between South Korea and China, scholars from the two nations presented cooperation plans in various fields including semiconductors, secondary batteries, and biopharmaceuticals. The event, hosted by China Construction Bank, was attended by the Chinese Ambassador to South Korea. Data released by South Korea's trade ministry showed that a total of 126 companies returned home between 2014 and 2022 after expan
14 September 2023
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Pulmuone develops robot chef capable of cooking noodle menus
SEOUL -- South Korean food product maker Pulmuone has developed a vending machine that can cook refrigerated dishes in about 90 seconds. The robot chef can provide instant noodle dishes including noodle soup with beef and broth, and Jjambbong, a spicy seafood noodle soup with various ingredients such as onions and garlic. Pulmuone said in a statement that the instant food cooking machine called "Robot Chef" was developed. Currently, three types of noodle dishes are available
12 September 2023
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Megastore franchise seeks to attract customers with whisky gift sets for autumn harvest festival
SEOUL -- Emart, the megastore franchise wing of South Korea's retail giant Shinsegae, has prepared various whisky gift sets to attract customers who are looking for ideal autumn harvest festival gifts for their family members or loved ones. Chuseok, regarded as the largest traditional festival holiday of Koreans, is a three-day autumn harvest festival celebrated on August 15 of the lunar calendar. Normally, families would gather at the eldest member's home to share gifts and fo
11 September 2023
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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
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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
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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
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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
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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
