Latest news
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Falling semiconductor exports to take toll on economic growth
SEOUL -- Falling exports of semiconductors are likely to lower the country’s economic growth to as low as 1 percent this year, according to a report released on January 25 by the Korea Chamber of Commerce and Industry (KCCI). The report predicted that if semiconductor exports decline 10 percent, the economic growth rate will drop by 0.64 percentage point. It also said that the growth rate will decrease further by 1.27 percentage points if semiconductor exports fall 20 percent.
January 25, 2023 -
South Korean battery makers struggling to reduce reliance on China for key materials
SEOUL -- Domestic manufacturers of electric vehicle batteries have made little progress in reducing their reliance on China for core materials, casting a dark cloud over exports of their products to the United States which discriminates against batteries made of Chinese materials under the Inflation Reduction Act (IRA). According to the Korea International Trade Association (KITA), South Korea imported $3.23 billion worth of lithium hydroxide, a core material for secondary batterie
January 25, 2023 -
Convenience store chain CU releases meal kit brand using plant-based egg
SEOUL -- Targeting South Korea's steadily growing vegan population, the country's top convenience store franchise CU released a vegan meal-kit brand using plant-based eggs. Alternative eggs created by processing mung beans, pumpkin, and soybean were included in food products such as sandwiches. Meal kits, also known as home meal replacement (HMR) products, are convenient heat-and-eat food packages. They are favored by busy students and workers as they can easily complete
January 25, 2023 -
GS Retail makes foray into S. Korea's flower delivery service market using on-foot delivery platform
SEOUL -- GS Retail, the operator of South Korea's convenience store franchise GS25, made a foray into the country's flower delivery service by forging a partnership with Songdo Flower Market, a flower wholesale marketplace located in Songdo located some 35 kilometers (21.7 miles) Seoul. The two companies will use GS Retail's on-foot delivery platform launched two years ago. According to the state statistical information service, South Korea had a 1.2 trillion won ($72.2
January 25, 2023 -
[OPINION] President Yoon's diplomatic gaffes: Not so serious, but serious
[This article was contributed by Sandip Kumar Mishra, an associate professor at the Jawaharlal Nehru University, New Delhi, India. NEW DELHI -- South Korean President Yoon Suk-yeol triggered an unnecessary controversy over his remarks January 15 when he was on a four-day state visit to the United Arab Emirates (UAE). He told Korean troops of the Akh unit stationed there that the UAE is a "brother country." He added “the security of our brother nation
January 25, 2023 -
Seoul's surrounding province to install more than 76,000 EV chargers in 2023
SEOUL -- In a bid to speed up the distribution of electric cars, more than 76,000 electric vehicle chargers will be installed in Gyeonggi Province, that surrounds Seoul, this year. The number of registered electric cars in the province stood at 77,648 as of December 2022, but there were only 48,520 chargers. South Korea is striving to achieve net-zero carbon dioxide emissions by 2050 by promoting the use of renewable energy and clean fuels. As of the third quarter of 2022, about 34
January 24, 2023 -
Girl band Le Sserafim's dance song 'Antifragile' played more than 200 million times on Spotify
SEOUL -- "Antifragile," the tile song of K-pop girl group Le Sserafim, has been streamed more than 200 million times for 96 days after its release on Spotify, the world's most popular music streaming service. The five-member band formed by Hybe's music label showcased young girls' firm stance to overcome various difficulties in life with a strong mentality through the dance song. According to Source Music, the title track was played more than 200 million times
January 24, 2023 -
LG Uplus' canine psychology test platform attracts more than 150,000 dogs
SEOUL -- For Dong, a dog personality analysis and training platform created by South Korea's mobile carrier LG Uplus, has attracted more than 150,000 registered dogs only six months after its launch. The operator of For Dong which provides personalized training programs depending on the pet's character will hold a special discount event to gain more users. For Dong provides a psychology test called "Dong Behavior Type Indicator (DBTI)." Pet owners can receive adv
January 24, 2023 -
Convenience store chain CU operator to release mini-bags made by upcycling discarded banners
SEOUL -- Using an eco-friendly polyester fiber produced by an upcycling company, BGF Retail, the operator of South Korea's top convenience store chain CU, will recreate discarded banners into everyday items such as bags. Currently, most banners used for special events such as the Luna New Year and Valentine's Day are being discarded. The eco-friendly polyester fiber called "regen" is normally made from recycled polyethylene terephthalate (PET) bottles to manufactu
January 24, 2023 -
S. Korea records $760mln in exports of Ramyeon in 2022
SEOUL -- Exports of Ramyeon, South Korean instant noodles, reached $765.4 million in 2022, up 13.5 percent from a year ago, the state customs statistics showed. According to data released by the World Instant Noodles Association, a South Korean person consumes an average of 73 packs of instant noodles per year. South Korean Ramyeon products started to gain attention in 2015 thanks to K-pop and K-dramas. Various companies sought to grab instant noodle fans worldwide. Shinsegae, Sout
January 23, 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