Business
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Self-driving bus in Seoul's satellite city garners passengers' love
SEOUL -- Two self-driving buses demonstrated in Pangyo, a town district in a satellite city south of Seoul, has carried more than 10,000 passengers since its launch on July 17, 2023. The autonomous bus called "PanTa-G Bus" travels through a 5.9 kilometer (3.7 mile)-route in Pangyo Techno Valley, a high-tech industrial complex where traffic is heavily congested during commuting hours. In April 2021, Pangyo was designated as a demonstration zone for autonomous vehicle techno
November 23, 2023 -
Number of overseas stores operated by S. Korean convenience store chain CU surpasses 500
SEOUL -- The number of overseas stores run by the operator of South Korea's major convenience store franchise CU exceeded 500. The franchise operator "BGF Retail" currently has 370 stores in Mongolia and 140 in Malaysia. The company will launch its first shop in Kazakhstan in the first half of 2024. According to data released by BGF Retail, there is a high demand for Korean food at its overseas stores. At its Malaysian stores, Korean ready-to-cook food items including
November 23, 2023 -
Hyundai to establish hydrogen mobility infrastructure in Singapore
SEOUL -- Hyundai auto group, the world's third-largest carmaker, has partnered with Singaporean logistics company PTCL to establish hydrogen mobility infrastructure in Singapore. The island country aims to increase the proportion of low-carbon energy such as hydrogen to half of its electricity production by 2050. According to data released by Singapore-based think tank Asia Natural Gas and Energy Association, the Southeast Asian country currently relies on natural gas for 96 per
November 22, 2023 -
Korean Air partners with logistics company LX Pantos for bio-aviation fuel business
SEOUL -- Korean Air, South Korea's flag carrier, will work with domestic logistics company LX Pantos to beef up its bio-aviation fuel business. LX Pantos will buy biofuel for the flag carrier's cargo operation, and Korean Air will disclose how the partner company's purchase has contributed to reducing its carbon emissions. Biofuel is created using plant-derived or animal-derived oils, such as cooking oil from fast-food restaurants or palm oil. Biodiesel, a highly acknowl
November 20, 2023 -
Exports of S. Korean instant noodles Ramyeon surpass $785 mln in 2023
SEOUL -- Exports of South Korean instant noodles known as Ramyeon soared 24.7 percent year-on-year to a record high of $785.2 million (1.1 trillion won) between January and October in 2023, state data showed. This year marks the 60th anniversary of the release of South Korea's first instant noodles in 1963. According to data released by the Korea Customs Service, exports of Ramyeon packs totaled $785.2 million during the first ten months of this year. The largest importer was Ch
November 20, 2023 -
Hyundai partners with Amazon to sell cars through world's largest ecommerce platform
SEOUL -- Hyundai auto group, the world's third-largest carmaker, has partnered with Amazon, the world's top ecommerce service operator, to become the first brand to sell vehicles in Amazon's online store for customers living in the United States. In the third quarter of 2023, Hyundai sold 200,534 units in the U.S. market, up nine percent compared to the same period in 2022. The carmaker also set new Q3 total and retail sales records for IONIQ 5, an electric sport utility
November 17, 2023 -
Pulmuone expands noodles plant in California targeting Asian noodle lovers
SEOUL -- Seoul-based food company Pulmuone has expanded its fresh noodle production plant in the western region of California to meet growing demands for Asian noodles in the United States. Targeting American consumers, the South Korean company has showcased various refrigerated noodle products, including ramen with pork and broth, and Japchae, a Korean stir-fried noodle dish with beef and various vegetables. Data released by market research firm Research and Markets showed that t
November 15, 2023 -
Hanwha Ocean wins $502.2 mln smart ammonia carrier contract from Greek shipping firm
SEOUL -- Hanwha Ocean, a major South Korean shipbuilder formerly known as Daewoo Shipbuilding & Marine Engineering, has grabbed a smart ammonia carrier contract worth $502 million from Naftomar Shipping and Trading, a Greece-based maritime logistics company that specializes in the transport of liquefied petroleum gas and ammonia across the globe. Naftomar Shipping and Trading focuses on strengthening its foothold in the energy transition and zero-carbon energy businesses in the
November 15, 2023 -
Kakao to introduce new business plans with lower royalty fees for affiliated taxi companies
SEOUL -- Kakao Mobility, the mobility service wing of South Korea's web service giant Kakao, will introduce a new service plan for affiliated taxi business operators and individual taxi drivers that would offer a lowered royalty fee of less than three percent. The current plan demands a royalty fee of about 20 percent from affiliated taxi companies and drivers. Kakao Taxi was first introduced to South Korea in 2015. The service is now integrated into Kakao T, Kakao Mobility'
November 14, 2023 -
Hyundai shares future vision of software-defined vehicle-centered driving experience
SEOUL -- Hyundai auto group has shared the carmaker's vision that is centered on the driving experience of software-defined vehicles. The auto group revealed a roadmap in 2022 to reveal its plan to transform all vehicles to vehicles that can be continuously upgraded and have new features added through the development of software. A software-defined vehicle (SDV) is a future-generation car that constantly evolves to remain up to date. New vehicle functions can be added or existin
November 14, 2023
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Yoon condemns North Korean troop deployment to Russia
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VISUALS: Farmers stack harvested rice in price protest
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Rosé of BLACKPINK racks up 100 million views on YouTube with latest single
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Samsung expands Galaxy AI language support to 20 languages
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Korean builders test robot delivery services at apartment complexes
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Activities spotted at North Korea's demolished inter-Korean road site
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Hyundai Motor reports drop in quarterly operating profit on warranty costs
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US expresses concern over North Korean troops in Russia
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LG Electronics Q3 profit falls despite record sales
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Myanmar rebels seize key rare earth mining hub, disrupting military junta's revenue