Latest news
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BTS's lead rapper Suga to go on solo world tour in six countries
SEOUL -- BTS member Suga will go on a solo world tour, starting with the first concert in Belmont Park, New York on April 26. The 29-year-old became the first BTS member to launch a solo world tour. Big Hit, the seven-member band's agency, said in a statement on February 15 that Suga will cover six countries -- United States, Indonesia, Thailand, Singapore, South Korea, and Japan. BTS' lead rapper will interact with global fans from April to June in various cities including
February 15, 2023 -
CJ Cheiljedang becomes first S. Korean company to exceed $8 billion in food sales
SEOUL -- CJ Cheiljedang, a key subsidiary of South Korea's food and entertainment conglomerate CJ Group, has recorded 11.1 trillion won ($8.75 billion) in food sales in 2022. The company which gained global popularity through a Korean cuisine brand called "Bibigo" has become the first domestic company to exceed food sales of 10 trillion won. Cheiljedang has strived to gain a competitive edge in the global market and nurture Bibigo as a global brand. The company acquir
February 14, 2023 -
Kakao taxi-hailing app fined for giving preferential treatment to franchise caps
SEOUL -- The Korea Fair Trade Commission (KFTC) has decided to impose a fine of 25.7 billion won ($20 million) on the tax-hailing service unit of tech giant Kakao Corp. for having manipulated its algorithm since 2019 to give more calls to cabs under its franchise. On February 14, the KFTC said that Kakao Mobility has strengthened its dominant market status in an unfair manner by giving preferential treatment to its franchise taxis under the KaKao T Blue brand, although the company&
February 14, 2023 -
Researchers find possibilities of agricultural contaminants speeding up human aging
SEOUL -- Researchers developed a smart technology capable of predicting how agricultural contaminants can damage the environment and the human body. It was discovered that contaminants generated during crop production can accelerate the aging process of mammals including humans. It's been difficult to identify how harmful factors from crop production affect the ecosystem and human health. However, accurate analysis and prediction are essential as farm contaminants can be leaked
February 14, 2023 -
50 domestic firms' dividend payments down 13.7% in 2022 amid weak economy
SEOUL -- Fifty major domestic companies' combined dividend payments decreased 13.7 percent year-on-year to 15.66 trillion won ($12.35 billion) in 2022 on the back of an economic slowdown, Leaders Index, a corporate analysis institute, said February 14. The institute said the dividend cut was attributed to overall weak corporate performance amid sluggish exports and falling domestic demand in the wake of the global economic slump. Leaders Index selected 50 out of the country
February 14, 2023 -
LegoChem secures licensing agreement with Elthera AG to develop anti-drug conjugate therapy
SEOUL -- LegoChem Biosciences (LCB), a clinical-stage biopharmaceutical company in South Korea, has signed a license agreement with Elthera AG, a Switzerland-based biotechnology company, to adopt utilize a monoclonal antibody capable of attacking proteins that appear in various types of cancers such as pancreatic and ovarian cancer. Using the antibody, the South Korean company will also develop and commercialize antibody-drug conjugate technology. An antibody-drug conjugate (ADC) i
February 14, 2023 -
NewJeans garners explosive popularity among American Spotify users through OMG and Ditto
SEOUL -- Girl band NewJeans is gaining explosive popularity among American fans. Currently, the United States is the region where the five-member band's dance songs -- OMG and Ditto -- are consumed the most on Spotify, the world's most popular music streaming service. As of February 10, OMG was played 22.71 million times in the United States, which accounted for more than 20 percent of total streams with 111.28 million, Spotify said in a statement on February 13. Of the 164
February 13, 2023 -
SK Plasma partners with Janssen Korea to supply cancer medication Dacogen in S. Korea
SEOUL -- SK Plasma, a South Korean producer of plasma-derived blood products, will become the domestic supplier of Dacogen, a cancer medication for a group of blood cell-related disorders called "myelodysplastic syndrome," by partnering with the South Korean office of Belgium-based pharmaceutical company Janssen Pharmaceuticals. Myelodysplastic syndrome takes place when bone marrow, soft tissue found in the center of the bones, is unable to produce enough blood cells. Acc
February 13, 2023 -
Pulmuone partners with eco-friendly food tech company for commercialization of cultivated meat products
SEOUL -- South Korean food product maker Pulmuone has partnered with a domestic green food tech company Simple Planet in a bid to commercialize cultivated meat products targeting vegans and other consumers who do not eat meat because of ethical reasons. According to Euromonitor, a global market research firm, South Korea's alternative meat market stood at about 20 billion won ($15.6 million) in 2022, up 28 percent from 2021's 16.5 billion won. The market is projected to rea
February 13, 2023 -
South Korea to invest $391 million in future car technology
SEOUL -- The Ministry of Trade, Industry and Energy plans to invest 499.4 billion won ($391 million) in developing future car technology this year as part of efforts to find a new growth engine for the Korean economy. The ministry said February 9 that the investments will be injected into 311 projects ranging from research and development to infrastructure building and manpower training. About 229.3 billion won will be set aside for technology development for eco-friendly cars
February 13, 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