Latest News

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  Seoul's surrounding province to install more than 76,000 EV chargers in 2023 SEOUL -- In a bid to speed up the distribution of electric cars, more than 76,000 electric vehicle chargers will be installed in Gyeonggi Province, that surrounds Seoul, this year. The number of registered electric cars in the province stood at 77,648 as of December 2022, but there were only 48,520 chargers. South Korea is striving to achieve net-zero carbon dioxide emissions by 2050 by promoting the use of renewable energy and clean fuels. As of the third quarter of 2022, about 34 2023-01-24
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  Girl band Le Sserafim's dance song 'Antifragile' played more than 200 million times on Spotify SEOUL -- "Antifragile," the tile song of K-pop girl group Le Sserafim, has been streamed more than 200 million times for 96 days after its release on Spotify, the world's most popular music streaming service. The five-member band formed by Hybe's music label showcased young girls' firm stance to overcome various difficulties in life with a strong mentality through the dance song. According to Source Music, the title track was played more than 200 million times 2023-01-24
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  LG Uplus' canine psychology test platform attracts more than 150,000 dogs SEOUL -- For Dong, a dog personality analysis and training platform created by South Korea's mobile carrier LG Uplus, has attracted more than 150,000 registered dogs only six months after its launch. The operator of For Dong which provides personalized training programs depending on the pet's character will hold a special discount event to gain more users. For Dong provides a psychology test called "Dong Behavior Type Indicator (DBTI)." Pet owners can receive adv 2023-01-24
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  Convenience store chain CU operator to release mini-bags made by upcycling discarded banners SEOUL -- Using an eco-friendly polyester fiber produced by an upcycling company, BGF Retail, the operator of South Korea's top convenience store chain CU, will recreate discarded banners into everyday items such as bags. Currently, most banners used for special events such as the Luna New Year and Valentine's Day are being discarded. The eco-friendly polyester fiber called "regen" is normally made from recycled polyethylene terephthalate (PET) bottles to manufactu 2023-01-24
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  S. Korea records $760mln in exports of Ramyeon in 2022 SEOUL -- Exports of Ramyeon, South Korean instant noodles, reached $765.4 million in 2022, up 13.5 percent from a year ago, the state customs statistics showed. According to data released by the World Instant Noodles Association, a South Korean person consumes an average of 73 packs of instant noodles per year. South Korean Ramyeon products started to gain attention in 2015 thanks to K-pop and K-dramas. Various companies sought to grab instant noodle fans worldwide. Shinsegae, Sout 2023-01-23
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  Smart stethoscope to be used for elderly health management in Seoul's southern satellite city SEOUL -- An artificial intelligence-based elderly health care service using smart stethoscopes will be rolled out in Anyang, the southern satellite city of Seoul. The city was selected to participate in a government project in December 2021 and was provided with 685 AI-based stethoscopes. Anyang City said in a statement on January 23 that the city will select citizens aged 65 years and older are the health management program's target patients. Those who live alone or who have c 2023-01-23
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  Seoul's northern satellite city reveals blueprint to reduce CO2 emissions by 40 percent in 7 years SEOUL -- Uijeongbu City, a northern satellite city of Seoul, has revealed a blueprint to reduce the emission of greenhouse gases by 40 percent until 2030. At the current rate, the environment ministry predicted that Uijeongbu's annual emission of greenhouse gases will reach about two million tons in 2030. The northern satellite city with a population of some 463,700 used to be the largest bed town of Seoul until the late 1990s. Uijeongbu located in the center of Gyeonggi Provin 2023-01-23
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  Retaining that loving Elvis feeling [This article was contributed by Dr. Chris Baumann and Iggy Pintado. Baumann is a professor at Macquarie University, Sydney, visiting professor at Seoul National University (SNU) in Korea and visiting associate professor at Osaka University in Japan. He has a great interest in music with a focus on Elvis Presley and the Bee Gees and scholarly, the role of music in marketing. Pintado is an influential, strategic leader with expertise in leading businesses through grow 2023-01-23
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  S. Koreans are mixed about debut of virtual K-pop girl band MAVE: SEOUL -- South Koreans are showing mixed views about the debut of MAVE:, a four-member girl band created by Metaverse Entertainment, a virtual reality content developer affiliated with South Korea's leading game publisher Netmarble. While some fans are excited to watch the rookie girl group's music video, others are skeptical as they are repulsed by the virtual humans' debut. MAVE:, whose brand concept contains the meaning of "making new waves" in the K-pop in 2023-01-20
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  South Korea to scrap mask mandate for most indoor places January 30 SEOUL -- South Korea plans to lift the mask mandate for most indoor places from January 30 as part of efforts to return to normal life three years after the outbreak of the COVID-19 pandemic. Prime Minister Han Duck-soo said on January 20 that the mask guidelines will be eased from “mandatory” to “optional” except for some vulnerable indoor facilities as the daily caseload of coronavirus infections continues to fall. He added that the mask mandate, howe 2023-01-20
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  Yanolja's cloud solution wing teams up with UAE travel company AL Rais Travel targeting Mideastern market SEOUL -- The cloud solution wing of Yanolja, a leading reservation service platform for travel and leisure activity in South Korea, has teamed up with Mideastern travel companies -- Al Rais Travel and Wego -- to carry out digital transformation projects for the Middle Eastern leisure industry. The South Korean company's cloud-based hospitality solutions will be combined with the two travel firms' local networks. The tie-up was announced at a business forum while Yanolja Clo 2023-01-20
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  ​Producer prices hit 14-year high in 2022, but fall for second straight month in December SEOUL -- Producer prices hit a 14-year high last year, driven by runaway inflation arising from high global oil and gas prices and the falling value of the Korean won against the U.S. dollar. According to the Bank of Korea (BOK) on January 20, the producer price index jumped 8.4 percent in 2022 from a year before, marking the highest growth since 2008 when the index surged 8.6 percent. Prices of manufactured goods climbed 11.7 percent. Particularly coal and petroleum products 2023-01-20
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  LG Chem seeks to lead anticancer medicine market through acquisition of US biopharmaceutical company AVEO SEOUL -- To gain a competitive edge in the global anticancer medicine market, LG Chem, a chemical unit of South Korea's LG Group, will acquire AVEO Pharmaceuticals, an American oncology-focused biopharmaceutical company, on January 20. By the end of 2027, the chemical company will invest about $1.6 billion in the biopharmaceuticals sector. LG Chem said the investment was made through a Boston-based life science subsidiary to establish a special purpose corporation and acquire a 2023-01-19
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  Industry ministry offers $65 million in R&D support for medium-sized firms SEOUL -- The South Korean government plans to spend 80.2 billion won ($65 million) supporting research and development (R&D) for medium-sized companies to increase their exports. On January 19, the Ministry of Trade, Industry and Energy announced the plan after Second Vice Minister Park Il-jun held a meeting with business representatives at the building of MCNEX, a company specializing in components and materials, in Songdo, Incheon, just west of Seoul. The ministry said th 2023-01-19
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  Pinkfong to recreate Hong Kong's main theme park using Baby Shark IP SEOUL -- Targeting the Chinese market, Pinkfong, the creator of a catchy cartoon song called "Baby Shark," has teamed up with the operator of Hong Kong's main theme park called "Ocean Park Hong Kong" to set up the theme park using Baby Shark characters. Visitors can wear sailor costumes and enjoy the Baby Shark-themed sea view. Ocean Park Hong Kong is one of the largest theme parks in Hong Kong along with Hong Kong Disneyland. The theme park was visited by m 2023-01-19
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  Danish wind turbine maker to invest $300 million in Korea to build parts factory SEOUL -- Vestas Wind Systems, the world’s top producer of wind turbines, has decided to invest $300 million (370 billion won) in South Korea to build a turbine parts factory. The Danish company has also disclosed a plan to move its Asia-Pacific headquarters from Singapore to Korea. Henrik Andersen, president and CEO of Vestas, announced the decision during a ceremony for strengthening partnership in sustainable energy solutions at a hotel in Davos, Switzerland, on January 1 2023-01-19
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  S. Korea's health watchdog approves Lunit's breast cancer solution to be exported SEOUL -- Lunit INSIGHT DBT, a solution specializing in detecting breast cancer developed by South Korea's medical artificial intelligence company Lunit, has received a green light from South Korea's health authorities to be exported to countries around the world. Lunit aims to secure its foothold in the United States and European market through the solution. The new solution is an upgraded version of Lunit INSIGHT MMG capable of analyzing x-rays and medical images of breast 2023-01-19
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  [OPINION] "Look Beyond Media Scare Stories" "Let a smile be your umbrella … a smile will always pay.” That is from a tune which became very popular through a 1957 recording by singer Bing Crosby. By custom and habit, this writer regularly – though not always – devotes a column relatively early in the New Year to positive and encouraging economic, political, social and 2023-01-18
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  [OPINION] The problem with North Korea KARACHI -- Throughout 2022, the Korean Peninsula witnessed a persistent increase in tensions because of Pyongyang’s unprecedented spree of missile testing and South Korea’s large-scale retaliatory joint military e 2023-01-18
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  LIG Nex1 to develop AI-based underwater obstacle detection technology for unmanned surface vehicles SEOUL -- LIG Nex1, a defense contractor in South Korea, has teamed up with a state-run research institute specializing in robotics to open a joint laboratory for artificial intelligence-based underwater obstacle detection technology. Through the research center, the defense contractor can secure various data for unmanned surface vehicles designed for naval operations. Commercialization of unmanned surface vehicles (USVs) is gaining momentum in South Korea to detect North Korea' 2023-01-18