Latest news
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Danish firm Orsted wins state approval to build offshore wind farm near western port city of Incheon
SEOUL -- Danish power company Orsted has won state approval to establish an offshore wind farm, about 70 kilometers (43 miles) off the coast of the western port city of Incheon. The wind farm would be South Korea's largest offshore wind-generated power plant with a generation capacity large enough to power some one million households annually. Orsted currently operates 28 offshore wind farms with a total generation capacity of 8.9 gigawatts across the globe. The company partnere
November 30, 2023 -
Seoul to adopt robot tutor for English speaking class in 2024
SEOUL -- To help young students improve their English speaking skills, Seoul will provide robots that can engage in one-on-one conversations in English. Starting in March 2024, the artificial intelligence-based assistant teacher will correct students' pronunciation and offer personalized education for those who need extra help. According to Cho Hee-yeon, superintendent of the Seoul Metropolitan Office of Education, the municipal education office is currently working with a priva
November 30, 2023 -
Nuclear power plants unharmed from earthquake: state nuclear power plant operator
SEOUL -- South Korea's state nuclear power plant operator has said that Wolsong nuclear power plants are all operational without any malfunctions. The announcement was released a few hours after a magnitude 4.0 earthquake hit Gyeongju some 290 kilometers (180 miles) southeast of Seoul on November 30. According to South Korea's state weather service, an earthquake with a magnitude of 4.3 occurred in the southeastern region of Gyeongju City at about 4:55 a.m. (1955 GMT) on Nov
November 30, 2023 -
Bank of Korea freezes benchmark interest rate at 3.5% for seventh consecutive time
SEOUL -- South Korea's central bank has decided to freeze its key interest rate at 3.5 percent. The benchmark interest rate has remained unchanged through seven consecutive discussions since February 2023. The Bank of Korea (BOK) determined the base interest rate during this year's last monetary policy board meeting on November 30. The BOK has maintained the benchmark interest rate in February, April, May, July, and October after raising it by 0.25 percentage points in Janua
November 30, 2023 -
S. Korean OTT services to merge in bid to check Netflix and foreign services
SEOUL -- The operators of South Korean over-the-top video content streaming services -- Tving and Wavve -- have engaged in discussions over the merger of the two services in a bid to check foreign services including Netflix, the world's biggest over-the-top (OTT) service, and Disney+, operated by multinational entertainment and media company Disney. According to South Korea's fair trade watchdog, the domestic over-the-top (OTT) service market, estimated to stand at $1.9 bill
November 30, 2023 -
CJ Cheiljedang releases spicy rice cake Tteokbokki in Australia
SEOUL -- CJ Cheiljedang, a key subsidiary of South Korea's food and entertainment conglomerate CJ Group, has partnered with Australia's major convenience store chain EzyMart to release Korean food products including Tteokbokki, finger-sized rice cakes simmered in fiery-red spicy chili sauce. The street food is included in a premium ready-to-cook product brand "Bibigo." EzyMart operates some 450 stores across Australia, with about 200 of them located in Sydney. Chei
November 30, 2023 -
S. Korea and Chile engage in negotiations for modernization of free trade agreement
SEOUL -- South Korea and Chile have embarked on a three-day negotiation meeting for the modernization of the South Korea-Chile Free Trade Agreement (FTA) in a bid to update new trade norms into the agreement text. In 2003, Chile became South Korea's first-ever FTA partner, opening a new door to the outside world for South Korea which maintained its protective trade stance until the late 1990s when the country was almost swept away by the wake of the Asian financial crisis. Chile
November 29, 2023 -
State electricity company joins small modular reactor projects with Canadian partners
SEOUL -- Korea Hydro & Nuclear Power, a state operator of South Korea's nuclear power plants, has partnered with ARC Clean Technology, a small modular reactor developer in Canada, to take part in businesses related to nuclear reactors that are claimed to be smaller and safer than the conventional reactors. The South Korean company will cooperate to commercialize ARC's technology in various countries including the United States, Canada, and South Korea. Small modular reac
November 29, 2023 -
Seoul-Ulsan train tour program for pet dogs to be operated for Christmas
SEOUL -- The southern port city of Ulsan has prepared a special train tour program targeting pet dogs and their owners. The tour package will have special tour guides who will help human and canine customers enjoy various programs. South Korea's pet market which stood at 1.9 trillion won ($1.4 billion) in 2015 saw explosive growth during the COVID-19 pandemic to stand at eight trillion won in 2022. About 70 percent of companies had employees working at home during the pandemic a
November 29, 2023 -
Global defense exhibition 'DX Korea' to take place in Seoul's satellite city in 2024
SEOUL -- "DX Korea," one of South Korea's largest defense exhibitions, will be held at a convention center in Goyang, a northwestern satellite city of Seoul, for three days in September 2024. Various arms manufacturers and military officials from South Korea and abroad will participate in the biannual event designed to showcase advanced products for ground forces. About 350 companies from 40 countries took part in the previous exhibition in 2022. According to the exh
November 29, 2023
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VISUALS: Black Eagles conduct rehearsal for Armed Forces Day celebration flight
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Korea, Japan hold rare meeting on joint development zone in East China Sea
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Woori Bank expands international teller services
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Samsung faces fines over radiation exposure incident
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VISUALS: Insa Traditional Culture Festival opens in Seoul
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Gangnam: The epitome of affluence in modern Korea
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Former defense chief Ishiba wins Japan's ruling party leadership
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Korea to lure more skilled foreign talent
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KEPCO builds largest energy storage system in Asia
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POSCO Future M delays completion of Canadian JV cathode plant