Latest news
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[Weekly Stock Market] Investors to focus on BOK's interest rate decision
SEOUL -- The benchmark Korea Stock Price Index (KOSPI) ended last week slightly lower closing at 2,451.21 points (-0.75 percent) pressured by higher-than-expected U.S. inflation and consumer data which all increased the likelihood
February 19, 2023 -
[COLUMN] The National Assembly, the birth rate and the way out of hell
SEOUL -- The National Assembly last week passed a motion to impeach Lee Sang-min, the Minister of Interior and Safety, over the Itaewon tragedy. It’s now up to the Constitutional Court whether to approve or reject it. Reading this news, I found myself thinking about Korea’s falling birth rate. I know this makes little sense but let me try to explain the c
February 17, 2023 -
Indonesia to collaborate with K-pop industry to create global phenomenon 'Indonesian Wave'
SEOUL -- Indonesia is seeking to step up collaboration with South Korean partners to create an Indonesian entertainment ecosystem equal to the Korean Wave, Indonesian Ambassador to South Korea Gandi Sulistiyanto said during an annual media briefing at his official residence in Seoul on February 17. He said that his country aims to create an Indonesia Wave (I-Wave) by cooperating with South Korea in various entertainment sectors such as fashion, music, games and animation. "
February 17, 2023 -
LG Chem acquires 5.7% stake in US lithium firm to secure material for EV batteries
SEOUL -- LG Chem, a chemical unit of South Korea's LG Group, has signed a deal with U.S.-based Piedmont Lithium to acquire a 5.7 percent stake in the latter for $75 million (96 billion won), the company said February 17. LG said that the contract is aimed at securing a stable supply of lithium, a key material for the production of electric vehicle batteries. Through the investment, LG Chem has won rights to preferential negotiations with Piedmont for the purchase of 10,000
February 17, 2023 -
State footwear tech institute commercializes new outsole production technique
SEOUL -- A joint research team led by a footwear technology institute operated by the trade ministry has developed and commercialized an outsole production technique that saves time and costs. Outsoles made using the technique is about 27 percent lighter than conventional soles. Normally, an outsole, the most-outer layer of a shoe foot sole, is manufactured through seven or eight steps that involve the molding, cutting, buffing, cleaning and drying of the rubbery layer before it
February 17, 2023 -
$115 million fund to be created to help develop low-carbon steel products
SEOUL -- The Ministry of Industry, Trade and Energy plans to create a 150 billion won ($115 million) fund jointly with domestic steelmakers to help them develop low-carbon products. The ministry announced the plan on February 16 as part of a steel industry development strategy to promote steelmakers' transition to a low-carton production structure. The creation of the fund is aimed at coping with the Carbon Border Adjustment Mechanism (CBAM) adopted by the European Union (E
February 17, 2023 -
SK geo centric to build plastic recycling factory in France's northeastern region
SEOUL -- SK geo centric, a chemical company affiliated with South Korea's SK Group, will jointly build a plastic recycling factory with SUEZ, a France-based water and waste management company, and Canadian plastic recycling company Loop Industries, in the northeast region of France. The factory with an annual production capacity of 70,000 tons will be completed in 2027. The construction project is in response to SK geo centric's agreement with the two companies in June 2022
February 17, 2023 -
K-pop girl band Brave Girls to disband after rolling out digital single 'Goodbye'
SEOUL -- Brave Girls, a four-member K-pop girl band, will disband after releasing its last single titled "Goodbye." The band that unexpectedly stepped into the spotlight 10 years after its debut with a single dance track titled "Rollin'" in 2021 did not renew the contract with its agency "Brave Entertainment." All group members will end the exclusive contract, said Brave Entertainment, adding that the group will release Goodbye at 6 p.m. (0900 GMT)
February 16, 2023 -
Prosecution seeks arrest warrant for opposition leader on corruption charges
SEOUL -- The Seoul Central District Prosecutors' Office said February 16 that it has sought an arrest warrant for Rep. Lee Jae-myung, chairman of the main progressive opposition Democratic Party (DP), over corruption allegations involving land development projects and suspicious donations from corporations. Lee faces bribery, breach of duty, conflict of interest and other charges in relation to large-scale development projects in Daejang-dong and Wirye, Seongnam City, just sou
February 16, 2023 -
Samsung develops air purification filter technique capable of simultaneously capturing particulate matter and volatile organic compounds
SEOUL -- A research institute affiliated with Samsung Electronics has developed an air purification filter technology capable of capturing particulate matter and harmful air pollutants called "volatile organic compounds (VOCs)" at the same time. Commercialization of the filter that can be used for up to 20 years can help various air conditioning facilities with separate filters for each hazardous material reduce filter regeneration costs and improve space efficiency. Curr
February 16, 2023
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PHOTOS: Festival features India's traditional dance in Seoul
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PHOTOS: UAE heritage showcased on Nami Island
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Octogenarian becomes oldest contestant at beauty pageant in Seoul
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Krafton to showcase new games at G-Star
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Golfer Pak Se-ri wins Van Fleet Award for strengthening U.S.-Korea relations
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Naver Map offers multilingual translation for visitor reviews
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Indian cultural festival kicks off with traditional dance performance
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Hanwha Q Cells sells solar project in Washington state
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School bus fire claims 23 lives in Thailand
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Google to invest $1 billion in Thailand data center, cloud AI Infrastructure