Economy
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Online apparel giant Musinsa to kick-start incubator program for fashion designers
SEOUL -- South Korea's online apparel giant Musinsa will kick-start its incubation program for fashion designers who dream of launching their own startups and ventures. The online shopping mall operator has been nurturing young designers through a series of incubation programs including a mentoring system that connects veteran designers and those who just stepped into the professional world of fashion. Established in 2003 as a small online fashion community, Musinsa has since
February 26, 2024 -
LG Energy Solution signs supply deal with China's Changzhou Liyuan to receive 160,000 tons of cathode materials
SEOUL -- LG Energy Solution, the battery-making wing of South Korea's LG Group, signed a supply deal with China's Changzhou Liyuan New Energy Technology to receive about 160,000 tons of cathode materials for five years. This amount is enough to produce one million batteries for electric vehicles with maximum travel distances of more than 400 kilometers. Cathode materials play a crucial role in determining the capacity and voltage of batteries. Changzhou Liyuan New Energy T
February 22, 2024 -
S. Korean web comics app thrives in Japan, reaching $665 mln in annual transactions
SEOUL -- South Korean web comics app service Kakao Piccoma, a Japanese webtoon subsidiary of web service giant Kakao, achieved the top spot as Japan's highest-earning smartphone app service operator in 2023. This success stands out, considering Japan's strong association with "manga," iconic Japanese-style comic books like "Dragon Ball Z," "Naruto," and "One Piece." Webtoons, formerly known as web comics, are digital comic books opti
February 22, 2024 -
Coca-Cola releases K-pop version of zero-sugar Coke targeting global fans
SEOUL -- The Coca-Cola Company has released the K-pop version of Coca-Cola targeting the global market. The new zero-sugar Coke, inspired by the worldwide impact of K-pop and its dedicated fanbase, features the "Coca-Cola" logo written in Korean on the front. The beverage maker has collaborated with Park Jin-young, the head of South Korea's major entertainment agency JYP, who played a crucial role in expanding K-pop into the overseas market. Starting in March 2024, t
February 21, 2024 -
'MWC' to become showcase venue for 165 S. Korean tech companies
SEOUL -- A total of 165 companies from South Korea will participate in the Mobile World Congress, an annual mobile device exhibition held in Barcelona from February 26 to February 29. Alongside conglomerates such as Samsung Electronics, KT, and SK Telecom, small and medium-sized enterprises and startups will showcase high-tech solutions at the annual event. According to the Korea Information and Communication Technology Industry Association (KICTA), 165 South Korean companies will
February 19, 2024 -
LG Chem to work with food company CJ Cheiljedang for eco-friendly nylon business
SEOUL -- South Korea's major chemical company LG Chem has partnered with CJ Cheiljedang, a key subsidiary of South Korea's food and entertainment giant CJ Group, to establish a joint plant for bio nylon. The eco-friendly nylon, utilized in automotive, electronic devices, and textile industries, has the potential to significantly reduce carbon emissions. Bio nylon is derived from green materials like corn and sugarcane and offers high heat resistance and durability, similar
February 15, 2024 -
Pulmuone selected as top S. Korean food company in corporate sustainability assessment
SEOUL -- South Korea's food company Pulmuone has received the highest score among domestic food makers in the sustainability assessment by S&P Global, a New York-based credit rating agency. In the global sustainability evaluation, which involved 260 food companies, the Seoul-based food provider secured the fifth position. S&P Corporate Sustainability Assessment (CSA) is recognized as a globally trusted indicator in the field of corporate sustainability evaluation and i
February 14, 2024 -
LS Cable partners with VAC to launch joint venture specializing in rare earth magnets
SEOUL -- South Korea's major cable company LS Cable & System has partnered with Vacuumschmelze, Europe's top company specializing in the development and production of magnetic materials, to establish a joint venture. LS Cable specializes in the manufacturing and distribution of various cables and systems for a wide range of industries, including power transmission and distribution, telecommunications, and automotive sectors. The company is recognized as a leading playe
February 14, 2024 -
LG Energy Solution partners with Australian lithium producer to secure EV raw material
SEOUL -- LG Energy Solution, the battery-making wing of South Korea's LG Group, has partnered with Australia's lithium producer WesCEF to receive lithium concentrate, a core raw material for electric vehicle batteries. The South Korean battery maker will secure up to 85,000 tons of lithium concentrate, enough for about 270,000 high-performance electric vehicles with a range of more than 500 kilometers (310.7 miles) on a single charge. Lithium concentrate serves as raw mat
February 14, 2024 -
S. Korea's EV adoption rate reaches 9.3% in 2023
SEOUL -- Data released by the Ministry of Land, Infrastructure and Transport revealed that approximately nine percent of newly purchased vehicles in South Korea in 2023 were electric vehicles. As of now, there are over 200,000 EV chargers installed across the country, indicating a ratio of two EVs for every charger. South Korea mandates that new buildings constructed after January 28, 2022, allocate at least five percent of their total parking spaces for EV chargers. Similarly, ol
February 13, 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