Latest news
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Coupang takes top spot in S. Korean customer satisfaction for online shopping
SEOUL -- Coupang, the South Korean counterpart of global retail giant Amazon, took the first spot in a domestic customer satisfaction index for online shopping, beating the country's online shopping giant Naver. The satisfaction index was determined by multiple categories, including service quality, consumer experience, and how well the experience met customers' expectations. A total of five online shopping mall operators were involved. According to a survey of 1,500 South
February 8, 2024 -
S. Korea secures $3.2 bln deal to provide anti-missile system to Saudi Arabia
SEOUL -- South Korea has secured an export deal worth $3.2 billion to supply a medium-range surface-to-air missile system to Saudi Arabia. The weapon called "Cheongung-II" features the function of intercepting aircraft and ballistic missiles at an altitude of about 15 kilometers (9.3 miles). The missile interceptor is South Korea's core air and missile defense system against North Korea's ballistic projectiles. The defense solution can continuously fire a maximu
February 7, 2024 -
LG Chem secures $18.8 bln deal to supply EV battery electrode material to General Motors
SEOUL -- South Korea's major chemical company LG Chem secured a nine-year deal worth 25 trillion won ($18.8 billion) to supply key materials for electric vehicle batteries to General Motors. The global automaker will receive more than 500,000 tons of cathode materials, enough for over five million electric vehicles with a range of 500 kilometers (310.7 miles) on a single charge. Along with anodes, cathodes are used to help the conduction of electricity through electrolyte mate
February 7, 2024 -
S. Korea smothers world with unique spicy 'K-sauce'
SEOUL -- "K-sauce," primarily renowned for traditional Korean condiments such as the spicy and sweet chili sauce "Gochujang," the spicy and salty bean paste "Ssamjang," and Korean sweet and a variety of spicy fried chicken sauces, is captivating food enthusiasts worldwide. This surge in interest can be attributed to the growing popularity of Korean cuisine, fueled by the global fascination with K-dramas and K-pop. According to customs data, South Kore
February 7, 2024 -
Pulmuone's plant-based protein snack 'Tofu Bar' garners explosive popularity in Japan
SEOUL -- South Korea's food company Pulmuone has recorded 2.16 billion yen ($14.6 million) in sales of plant-based protein snack "Tofu Bar" in Japan in 2023, marking a 241 percent increase from 2021. An average of 80,000 units of the high-protein food are sold daily at some 30,000 convenience stores in Japan including 7-Eleven and FamilyMart. The plant-based snack, which provides 10 grams (0.02 pounds) of protein per bar, was released in Japan in November 2020, throu
February 7, 2024 -
S. Korea succeeds in development of 155 mm extended-range artillery shell technology
SEOUL -- South Korea has succeeded in the development of a 155-millimeter diameter extended-range cannon artillery system. The technology, developed by domestic ammunition producer Poonsgsan, can increase the range of current projectiles by 30 percent or more. To extend the range, the 155 mm range extension project incorporated base bleed technology, designed for drag reduction of shells, and a rocket-assisted projectile. According to Poongsan, the existing range of about 40 kilom
February 6, 2024 -
Samik THK to commercialize muscle-assistive wearable robot 'Moonwalk-Omni'
SEOUL -- South Korea's state-run science and technology research institute has transferred technology for "Moonwalk-Omni," a wearable robot designed to increase the strength of elderly people's hip joints, to a domestic factory automation solution provider Samik THK. Starting in 2026, the company will mass-produce the robot targeting the healthcare market. The strength-assistance device weighing about two kilograms (4.4 pounds) can be easily put on by the elderly
February 6, 2024 -
Naver's streaming platform CHZZK to inject $3.7 mln to attract more content creators
SEOUL -- CHZZK, a video content streaming platform operated by South Korea's web service giant Naver, is preparing to open its purse to attract more content creators to its service. The new livestreaming platform's move is aimed at filling the gap created in South Korea's $4-million games livestreaming market, caused by the recent exit of Twitch, Amazon's video live-streaming service, from the domestic market. Game livestreaming services can be easily explained as
February 6, 2024 -
AI developer Upstage to provide on-device AI technology for LG Electronics' laptop
SEOUL -- South Korean artificial intelligence technology developer Upstage will cooperate with LG Electronics in on-device generative artificial intelligence solution that processes and computes information locally within the device, without relying on external cloud resources. Upstage aims to provide service for the conglomerate's signature ultra-lightweight laptop brand "LG Gram." An on-device software integrates AI functions into devices, removing the need for a s
February 6, 2024 -
Education ministry to help multicultural families and N. Korean defectors adapt to S. Korea through mentorship programs
SEOUL -- South Korea's education ministry will assist children with a foreign parent or young North Korean defectors in adapting to South Korean society through a special mentorship program involving university students. According to data released by the South Korean government, there are at least 1.1 million families with at least one parent from foreign background. Children from these families, also known as "multicultural families," sometimes find it challenging t
February 6, 2024
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LG Electronics, Kakao Mobility collaborate on delivery robot service
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Analysts predict poor earnings for major Korean game publishers in first quarter
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Carmakers, tech firms gather in Seoul for premier industry show
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Label control battle casts shadow over NewJeans' comeback
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N. Korea leader praises accuracy of short-range ballistic missiles
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Hyundai Motor, Matrix Renewables sign solar energy deal for EV plant in US
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Korean oil refiners harness pyrolysis technology to recycle plastics
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Russia pushes back against cancellations of ballet shows in Seoul
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Korea witnesses aging workforce trend in SME labor market
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AI translation service for foreigners gains momentum in Korea