Business
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Southern resort island to export tangerines to New Zealand for first time
SEOUL -- The southern resort island of Jeju will export "Gyul," tangerines which are well-known winter season specialty products of Jeju, to New Zealand for the first time since South Korea and New Zealand engaged in trade negotiations of tangerines in 1999. Gyul was farmed in Jeju since the fifth century and the citrus fruit was highly regarded as a luxury product by royal families and nobles throughout the history of Korea. Tangerines are now South Koreans' favorite
November 13, 2023 -
Kakao Mobility to discuss lowering service royalty fee with taxi industry officials
SEOUL -- Kakao Mobility, the mobility service wing of South Korea's web service giant Kakao, will engage in talks with taxi officials to discuss possible changes that could be made to the existing service brokerage fee of "Kakao Taxi," the country's favorite smartphone taxi-hailing service. Kakao Taxi was first introduced to South Korea in 2015. The service is now integrated into Kakao T, Kakao Mobility's one-stop mobility service app with some 12 million month
November 13, 2023 -
Number of camping sites in S. Korea increases to record-high in 3Q 2023
SEOUL -- The total number of camping sites in South Korea has reached a record high of some 3,600 in the third quarter of 2023, thanks to the increased population of campers who became attracted to the outdoor hobby during the COVID-19 pandemic. When the first wave of the coronavirus pandemic hit South Korea in early 2020, the country rolled out strict quarantine guidelines that virtually prohibited groups of more than four people from gathering in indoor environments. Many people
November 13, 2023 -
84% of phones sold in S. Korea in 3Q 2023 are made by Samsung: market data
SEOUL -- Eight of ten smartphones sold in South Korea in the third quarter of 2023 are made by Samsung, market data released by global market research company Counterpoint showed. The market share of Apple in South Korea was 15 percent, leaving other phone makers to share one percent of South Korea's smartphone market share. According to Counterpoint, the global market share of Samsung phones stood at 20 percent in 3Q 2023 while Apple's market share stood at 16 percent. Chin
November 10, 2023 -
Hyundai Motor partners with western port city to accelerate commercialization of flying taxi service
SEOUL -- The world's third-largest carmaker Hyundai Motor has partnered with the western port city of Incheon in a bid to accelerate the commercialization of urban air mobility services, also known as flying taxi services, using manned and unmanned passenger drones. Urban air mobility (UAM) is infrastructure for commercial flying passenger vehicles that includes vertiports and control towers. Aerial vehicles are required to fly through designated aerial corridors to prevent a
November 9, 2023 -
SK E&S partners with central city to establish hydrogen bus infrastructure
SEOUL -- SK E&S, an energy wing of South Korea's SK Group, has partnered with the central city of Cheonan to develop and establish infrastructure for hydrogen fuel cell buses and hydrogen charging stations. South Korea is currently undergoing a structural change in a bid to reduce the country's dependency on fossil fuels and adopt clean and renewable energy systems. Hydrogen buses are part of South Korea's big picture to go green and clean energy vehicles are being o
November 9, 2023 -
POSCO Holdings partners with Canadian investment company to roll out oil field brine-based lithium businesses
SEOUL -- POSCO Holdings, the holdings company of South Korea's steelmaker POSCO, has partnered with a private investment company based in Alberta, Canada, to develop and commercialize businesses that include the extraction and processing of lithium from oil field brine. Oil field brine is salt water often found in and around underground oil wells. Although they are a typical byproduct of oil and natural gas, they were mainly thought useless due to impurities containing dissolved
November 8, 2023 -
CJ Feed & Care to develop AI-based monitoring technology for shrimp farms
SEOUL -- CJ Feed & Care, a livestock feed corporation affiliated with CJ CheilJedang, will develop an artificial intelligence-based monitoring technology that can manage shrimp farms using underwater sound waves. The solution can help shrimp farmers supply an appropriate amount of feed by estimating the number of shrimp underwater and their weight. The company will work with Tidepool, a domestic smart aquaculture solution startup. The smart monitoring technique is more efficient
November 8, 2023 -
GS Retail's operating profit increases by 44.6 percent on-year in 3Q 2023
SEOUL -- GS Retail, the retail wing of South Korea's GS Group, has seen its operating profit increase by 44.6 percent on-year in the third quarter of 2023 thanks to successful results of aggressive expansion in the number of supermarket stores and thriving hotel businesses. GS Retail operates various businesses including GS25, the country's second-largest convenience store chain with 16,448 stores across South Korea in 2022, GS Fresh, a mid-sized supermarket chain, and Parna
November 8, 2023 -
Coupang marks highest-ever quarterly sales of some $6.2 bln in 3Q 2023
SEOUL -- Coupang, the South Korean counterpart of American ecommerce giant Amazon, has marked the company's highest-ever quarterly sales of $6,183,550,000 (about 8.2 trillion won) in the third quarter of 2023. The company succeeded in maintaining its sales momentum that had accelerated during the COVID-19 pandemic when consumers used convenient quick online grocery delivery services instead of visiting offline shopping malls. The ecommerce company also known as the South Korean
November 8, 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