Latest news
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Samsung Electronics' operating profit in Q1 2023 plunges 96% year-on-year
SEOUL -- Through an earnings report, Samsung Electronics announced its operating profit in the first quarter of 2023 was 60 billion won ($455 million), down 96 percent from the same period a year ago. The conglomerate currently suffering declines in semiconductor prices has experienced operating profit of below one trillion won in 14 years. Samsung's regulatory filing released on April 7 showed that the company's sales reached 63 trillion won, down 19 percent year-on-year.
April 7, 2023 -
Asia's ecommerce giant Qoo10 acquires S. Korean online shopping platform for second time
SEOUL -- Qoo10, jointly founded by online shopping mall GMarket founder Ku Young-bae and eBay, an American ecommerce giant, has acquired Wemakeprice, a South Korean ecommerce unicorn, in a bid to strengthen its influence in the Asian ecommerce market. This is the third time Qoo10 acquiring South Korean ecommerce companies after Tmon and Interpark. Headquartered in Singapore, Qoo10 recorded annual sales of about one trillion won in 2016, thanks to its popularity in Southeast Asian c
April 7, 2023 -
Healthcare provider CGBIO to supply filler products worth $12.6 mln to Argentina and France
SEOUL -- At a global cosmetics conference held in Monaco, CGBIO, a total healthcare provider in South Korea, has sealed an order worth 16.5 billion won ($12.6 million) through its calcium filler which is often used as an anti-aging product. The filler product called "Calcium Hydroxyapatite filler Facetem" would be supplied to Argentina and France for three years. Calcium Hydroxyapatite (CaHA) filler Facetem, effective in improving skin elasticity, is used for various cosm
April 7, 2023 -
Chinese electric truck target S. Korean consumers with full customer service and loner driving distance
SEOUL -- Top Chinese electric vehicle maker BYD has taken its bold step into South Korea, the turf of carmakers like Hyundai and Kia, with its one-ton-class electric truck targeting small-and-medium-sized business operators and small-sized cargo deliverymen who drive old combustion engine trucks that are not allowed to enter city areas because of carbon emissions regulations. While pickup trucks are favored in the North American and South American markets, one-ton-class and 1.5-ton
April 7, 2023 -
Engineering college in Korea to be created in metaverse world
SEOUL -- Targeting young students familiar with virtual online activities, an engineering college will be created in the metaverse world in Goyang, a northwestern satellite city of Seoul. The virtual college called "Kaiser University" would offer hands-on training courses related to information technology, renewable energy, and medical science. Metaverse, which enables users to interact with others using avatars through virtually created online spaces, is gaining moment
April 7, 2023 -
BTS's lead rapper Suga appointed as global ambassador for NBA
SEOUL -- BTS member Suga was selected as the global ambassador of the National Basketball Association, a North America-based baseball league, to promote various events. The 30-year-old is a big fan of an Oregon-based team "The Portland Trail Blazers." "It is personally a great honor as I have loved basketball since I was young," the artist said in a video uploaded on NBA's official Twitter account. The South Korean singer earlier said his favorite basketball
April 6, 2023 -
Number of foreign tourists to S. Korea skyrockets by 400% on-year in January and February
SEOUL -- Thanks to the reopening of borders and lifting of regulations on compulsory face masks in public places, the number of foreign travelers who visited South Korea in January and February 2023 has skyrocketed by about 400 percent compared to the same period last year, South Korea's state-operated tourism promotion agency said. South Korea's tourism industry is one of the country's industries that was devastated by the COVID-19 pandemic. Shopping districts frequent
April 6, 2023 -
LG Chem partners with CJ Logistics to recycle discarded packaging wraps collected at distribution facilities
SEOUL -- LG Chem, a chemical unit of LG Group, has partnered with CJ Logistics, South Korea's major logistics company, to recycle packaging wraps used at distribution centers. The chemical company will create recycled wraps and supply them back to the logistics company. According to data cited by LG Chem, most wraps used for packaging in South Korea are used to fasten loads at logistics centers and other industrial sites. Most wraps are made of PET (polyethylene terephthalate).
April 6, 2023 -
KT's multilingual AI voice synthesis service adopted in video production platform 'Mango Board'
SEOUL -- "AI Voice," a multilingual artificial intelligence-based voice synthesis service created by South Korea's major telecom company KT, was adopted by the operator of Mango Board, a domestic design and video content production platform. Depending on the written script context, the service creates various voices with different emotions. The service is available in Korean, English, Chinese, and Japanese. AI Voice users can express many different emotions including
April 6, 2023 -
HD Hyundai Construction Equipment pushes to achieve 100% renewable energy electricity at overseas branches
SEOUL -- The Indian branch of HD Hyundai Construction Equipment, affiliated with South Korea's leading Hyundai shipbuilding group, has partnered with India's solar power generation company Ravindra Energy to expand the company's solar power generation capability to achieve 100 percent renewable electricity. RE100 is a global initiative designed to encourage businesses to achieve 100 percent renewable electricity through renewable energy sources such as solar power plant
April 6, 2023
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AI robot Hyodol selected for state elderly care project
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SME body promotes Korean food, beauty products at US event
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Diet sensation Queen Wasabi named face of health supplement company Foodology
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War Memorial of Korea chief reflects on sacrifice of war veterans in celebration of Armed Forces Day
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Event on Nami Island promotes UAE's vibrant heritage and culture
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PHOTOS: Exhibition marks 20th anniversary of popular anime series 'Naruto'
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Landslide kills 15 at illegal gold mine in Indonesia
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Indian steel industry calls for measures to address surge of cheap Chinese imports
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Fake hotel websites plague Vietnamese resort town
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Samsung's AI-powered mobile devices surpass 20 million units in Korea