Business
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Hyundai auto group develops low-temperature paint curing technology to reduce carbon emissions
SEOUL -- South Korea's Hyundai auto group has developed paint curing technology and demonstrated the technique for the prototype of G80, a flagship sedan of its Genesis brand. The amount of carbon can be dramatically reduced by lowering the temperature of the manufacturing process. Paint curing is the process of hardening the paint in the car manufacturing process. According to Hyundai Motor, the conventional painting process used melamine which could be cured at temperatures of 14
August 31, 2023 -
Annual sales of Pulmuone's alternative meat brand reach $32.4 mln
SEOUL -- "Vegetable Earth Diet," an alternative meat brand by South Korea's food company Pulmuone, has recorded about 43 billion won ($32.4 million) in sales only a year after its release in August 2022. The vegan meat brand contains food items made with plant-based ingredients such as alternative meat and tofu noodles. Pulmuone said in a statement that the company gained around 43 billion won through the Vegetable Earth Diet brand. The brand also includes an alternative
August 29, 2023 -
S. Korean food industry likely to be affected by increased milk prices
SEOUL -- Seoul Milk, one of South Korea's major dairy product makers, has announced that the company will increase the price of its white milk product by three percent due to increased prices of crude milk, or raw milk produced by cows. Milk prices are affected by various economic variables such as prices of fuel, stock feed, animal medicine, and human labor. According to the consumer price trends released by the national statistics information service, the consumer price index for
August 29, 2023 -
S. Koreans seek to visit foreign countries during autumn harvest festival holiday
SEOUL -- South Koreans are racing to book flight tickets to Asian and Southeast Asian countries including Japan, Viet Nam, and Thailand to spend their golden six-day "Chuseok," Korean traditional autumn harvest festival, scheduled for the last week of September. As a result, tickets for some popular routes have already been sold out. Chuseok is the largest traditional festival holiday in Korea where family members gather to celebrate the full moon, based on the lunar calendar
August 29, 2023 -
LG Chem to make $94.3 mln investment to increase production of reverse osmosis membranes
SEOUL -- Targeting the water desalination market, LG Chem earmarked 124.6 billion won ($94.3 million) for new investment to expand the production of reverse osmosis membranes at its plant in Cheongju, a city located in the center of South Korea. Without disclosing the current capacity, the conglomerate said that the plant's maximum annual production capacity would be increased by 400,000 membranes by July 2025. With 400,000 membranes, 1.56 billion tons of water can be desalinated annua
August 28, 2023 -
Hyundai Motor Group records about 1 mln accumulated domestic unit sales of hybrid vehicles
SEOUL -- Hyundai auto group has recorded about one million domestic unit sales of hybrid vehicles since 2009 when the South Korean motor group released its very first liquefied propane gas and gasoline hybrid fuel vehicle designed to attract consumers who wish to purchase fuel-efficient vehicles. Later, the company developed and released lithium-ion battery and gasoline hybrid models. According to data released by Hyundai Motor and its brother company Kia on August 27, a total of 997
August 28, 2023 -
Hyundai Mobis partners with Israel's Autotalks to develop 5G-based vehicle-to-everything technology
SEOUL -- Hyundai Mobis, the parts-making wing of South Korea's Hyundai auto group, has partnered with Autotalks, an Israel-based semiconductor company, to develop 5G-based vehicle-to-everything technology. Through the technology that enables vehicles to share various huge amounts of data with surrounding infrastructure in real-time, Hyundai Mobis aims to gain a competitive edge in the self-driving car market. Vehicle to Everything (V2X) allows autonomous cars to communicate with ot
August 28, 2023 -
Shilla Hotel's business hotel wing allows guests to eat delivered food
SEOUL -- Shilla Stay, the business hotel wing of South Korea's Shilla Hotels & Resorts, launched an in-house food delivery service for guests. When food deliverymen arrive at the lobby of Shilla Stay hotels, hotel workers will pick up food packages and deliver them to guests' rooms. While South Korean motels and inns do not restrict guests from using food delivery services, almost every business hotels and high-class hotels ban deliverymen from moving through the lobby in
August 25, 2023 -
Convenience store chain Emart24 to open first store in Cambodia in first half of 2024
SEOUL -- Emart24, the convenience store chain of South Korea's retail giant Shinsegae, plans to open its first store in Cambodia in the first half of 2024. The company, which already runs stores in Singapore and Malaysia, will work with Hanlim Architecture Group, a Seoul-based real estate service provider, to make a foray into the Southeast Asian country's convenience store market. According to data cited by Emart24, Cambodia recorded an annual economic growth rate of about
August 25, 2023 -
BOK maintains S. Korea's GDP growth forecast for 2023 at 1.4%
SEOUL -- South Korea's central bank announced on August 25 that it has revised the economic outlook for 2023 and maintained the growth forecast for the country's gross domestic product for 2023 at 1.4 percent. The figure is the same as the economic forecast announced in May 2023. However, it has slightly revised down its forecast for next year to 2.2 percent due to concerns about the economic slowdown in China, South Korea's largest trading partner, suggesting that South Ko
August 25, 2023
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Special exhibition celebrates 30th anniversary of Latin American museum on Seoul's outskirts
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Japan's Ishiba rejects claims of covert support for scandal-tainted candidates
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Japanese students recreate historic 1582 Vatican visit
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CJ CheilJedang recallls Bibigo dumplings over plastic contamination
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Nvidia, Reliance Industries join hands on building AI infrastructure in India
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OPINION: How Elon Musk has become powerful figure in US politics
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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