Coca-Cola releases K-pop version of zero-sugar Coke targeting global fans

SEOUL -- The Coca-Cola Company has released the K-pop version of Coca-Cola targeting the global market. The new zero-sugar Coke, inspired by the worldwide impact of K-pop and its dedicated fanbase, features the "Coca-Cola" logo written in Korean on the front. The beverage maker has collaborated with Park Jin-young, the head of South Korea's major entertainment agency JYP, who played a crucial role in expanding K-pop into the overseas market. Starting in March 2024, t

February 21, 2024

'MWC' to become showcase venue for 165 S. Korean tech companies

SEOUL -- A total of 165 companies from South Korea will participate in the Mobile World Congress, an annual mobile device exhibition held in Barcelona from February 26 to February 29. Alongside conglomerates such as Samsung Electronics, KT, and SK Telecom, small and medium-sized enterprises and startups will showcase high-tech solutions at the annual event. According to the Korea Information and Communication Technology Industry Association (KICTA), 165 South Korean companies will

February 19, 2024

LG Chem to work with food company CJ Cheiljedang for eco-friendly nylon business

SEOUL -- South Korea's major chemical company LG Chem has partnered with CJ Cheiljedang, a key subsidiary of South Korea's food and entertainment giant CJ Group, to establish a joint plant for bio nylon. The eco-friendly nylon, utilized in automotive, electronic devices, and textile industries, has the potential to significantly reduce carbon emissions. Bio nylon is derived from green materials like corn and sugarcane and offers high heat resistance and durability, similar

February 15, 2024

Pulmuone selected as top S. Korean food company in corporate sustainability assessment

SEOUL -- South Korea's food company Pulmuone has received the highest score among domestic food makers in the sustainability assessment by S&P Global, a New York-based credit rating agency. In the global sustainability evaluation, which involved 260 food companies, the Seoul-based food provider secured the fifth position. S&P Corporate Sustainability Assessment (CSA) is recognized as a globally trusted indicator in the field of corporate sustainability evaluation and i

February 14, 2024

LS Cable partners with VAC to launch joint venture specializing in rare earth magnets

SEOUL -- South Korea's major cable company LS Cable & System has partnered with Vacuumschmelze, Europe's top company specializing in the development and production of magnetic materials, to establish a joint venture. LS Cable specializes in the manufacturing and distribution of various cables and systems for a wide range of industries, including power transmission and distribution, telecommunications, and automotive sectors. The company is recognized as a leading playe

February 14, 2024

LG Energy Solution partners with Australian lithium producer to secure EV raw material

SEOUL -- LG Energy Solution, the battery-making wing of South Korea's LG Group, has partnered with Australia's lithium producer WesCEF to receive lithium concentrate, a core raw material for electric vehicle batteries. The South Korean battery maker will secure up to 85,000 tons of lithium concentrate, enough for about 270,000 high-performance electric vehicles with a range of more than 500 kilometers (310.7 miles) on a single charge. Lithium concentrate serves as raw mat

February 14, 2024

S. Korea's EV adoption rate reaches 9.3% in 2023

SEOUL -- Data released by the Ministry of Land, Infrastructure and Transport revealed that approximately nine percent of newly purchased vehicles in South Korea in 2023 were electric vehicles. As of now, there are over 200,000 EV chargers installed across the country, indicating a ratio of two EVs for every charger. South Korea mandates that new buildings constructed after January 28, 2022, allocate at least five percent of their total parking spaces for EV chargers. Similarly, ol

February 13, 2024

S. Korean comics garner explosive popularity in Thailand: report 

SEOUL -- Recent data released by South Korea's government body charged with governing cultural content showed that South Korean comics were especially popular among Thai consumers. The report showed that South Korean comics accounted for about 47 percent of the total comics consumption in Thailand, the highest rate among the nine countries, which include the United States, France, China, Japan, Indonesia, Viet Nam, Russia, and the United Arab Emirates. In a survey of 1,516 peo

February 13, 2024

Hyundai and Kia cars top maximum range test for EVs

SEOUL -- Three electric vehicle models released by Hyundai auto group have dominated a range evaluation test conducted by an American online automotive information company. Data released by the automotive website Edmunds on February 12 showed that Hyundai's Ioniq 6 rear-wheel-drive (RWD) model topped the list for the test for maximum electric vehicle range. This EV model recorded a maximum range of 1,396 kilometers (867 miles) with one hour of charging. Kia's EV6 RWD mo

February 13, 2024

SK On partners with US graphite company to prepare for Inflation Reduction Act  

SEOUL -- SK On, the battery-making unit of South Korea's third-largest conglomerate SK Group, has partnered with Westwater Resources, a United States-based graphite producer, to secure natural graphite, one of essential materials for electric vehicle batteries. The two sides' partnership is in response to the U.S. government's Inflation Reduction Act. The inflation reduction act (IRA), which was signed into law by President Joe Biden in August 2022, offers tax credit

February 12, 2024