Business
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Food deliverymen hold rally in Seoul demanding better work environment
SEOUL -- 100 deliverymen who provide delivery services for restaurants affiliated with Baemin, South Korea's largest food delivery service, held a rally near the National Assembly building in Seoul demanding a better work environment including lowered service brokerage fees, increased wages, and registration system for deliverymen. According to South Korea's state statistical service, the country's online food delivery service market stood at 2.7 trillion won ($2 billio
May 11, 2023 -
S. Korean clean energy vehicle makers target overseas commercial vehicle markets
SEOUL -- While many countries around the world are joining a global initiative that aims to achieve net-zero carbon emission by 2050, South Korean clean energy commercial vehicle makers including Hyundai Motor are eyeing overseas markets with electric buses and hydrogen fuel cell commercial heavy-duty trucks. Commercial clean energy vehicles are mainly divided into two sectors -- electric and hydrogen fuel cell -- and while the electric drive system is widely adopted by many countr
May 9, 2023 -
S. Korean food companies target rapidly growing global alternative food ingredient market
SEOUL -- South Korea's major food companies are jumping into the domestic alternative food ingredient product market that is rapidly growing at an average annual growth rate of about 13 percent to reach 280 billion won ($212 million) by 2026. The global alternatives market is predicted to reach $161.9 billion by 2030. Alternative food ingredients are protein-based processed ingredients that are mainly made with vegetable materials to create meat and fish-like textures and flavo
May 8, 2023 -
Startups target S. Korea's restaurant & cafe industries with serving robots
SEOUL -- Various startups are targeting South Korea's restaurant industry with more than 800,000 restaurants, coffee shops, and bars with serving robots that can carry food from the kitchen to customers' tables. Restaurant owners can subscribe to a robot rental service for as little as about 300,000 won ($226.5) per month. Serving robots are often witnessed at restaurants and cafes regardless of their sizes. Some shop owners find autonomous robots, capable of evading obstac
May 8, 2023 -
S. Korea to push replacement of CNG-based commuter buses to hydrogen-based vehicles
SEOUL -- South Korea will collaborate with various companies and organizations including Hyundai Motor and the Korea Chartered Bus Mutual Aid Association to accelerate the replacement of compressed natural gas-based commuter buses operated by corporates to hydrogen-powered vehicles. Currently, public buses in South Korea mainly use compressed natural gas (CNG) or liquefied natural gas (LNG) as their main fuel to reduce air pollution. However, many buses owned by private companies a
May 4, 2023 -
Kakao in discussion over turning 'Daum' web portal service into subsidiary through separation
SEOUL -- In a bid to increase flexibility and efficiency in decision-making processes, Kakao, South Korea's web service giant, is currently engaged in discussions over whether the company should turn "Daum," a web search portal platform division, into a company-in-company through separation. Daum was launched in 1995 and became South Korea's top web search portal in the late 1990s. However, the web search service operator was overtaken by Naver, a web portal ser
May 4, 2023 -
CJ Cheiljedang to nurture young Korean food experts through global chef incubation project
SEOUL -- In a bid to popularize Korean dishes, CJ Cheiljedang, a key subsidiary of South Korea's food and entertainment conglomerate CJ Group, will start a chef incubation project to nurture young Korean food experts. The company will provide financial support for talented cooks so they can study at prestigious culinary schools abroad. National culinary artists will be sponsored to participate in an international culinary competition. The project is led by Lee Sun-ho, the s
May 3, 2023 -
Samsung urges employees not to use generative AI services to prevent data leak
SEOUL -- Samsung Electronics has banned its employees from using generative artificial intelligence services in a bid to stop data leaks and protect company secrets. The South Korean tech giant would develop its own AI solution models to help its workers automate and simplify their work processes. Generative AI services including Chat GPT, a chatbot service, use machine-learned data to provide solutions and answers for users. The AI services collect and analyze data inserted by use
May 3, 2023 -
SK geo centric partners with Canada's Loop Industries to build plastic recycling factory
SEOUL -- Through a joint venture with Canadian plastic technology company Loop Industries, SK geo centric, a chemical company affiliated with South Korea's SK Group, will build a plastic recycling factory in South Korea's southern industrial city of Ulsan. The joint venture will establish the plant capable of recycling 70,000 tons of plastic every year using the Canadian firm’s depolymerization technology. Depolymerization is a process that decomposes the polymerizati
May 3, 2023 -
S. Korea's exports in April 2023 declines 14.2% year-on-year
SEOUL -- South Korea's total exports have declined for seven consecutive months while domestic firms suffer from a steep fall in exports of semiconductors. The country has also experienced a trade deficit for 14 months since March 2022. Data released by South Korea's trade ministry showed said that exports this month were tallied at $49.62 billion, down 14.2 percent from the same period in 2022. Exports of semiconductors plunged 41 percent and information technology-related
May 1, 2023
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Veteran actress Kim Soo-mi dies at 75
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VISUALS: Extreme sports festival kicks off at Gwanghwamun
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South Korea, U.S. defense chiefs to hold talks in Washington
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North Korean troops in Russia are Moscow's 'business,' Putin says
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LG Electronics heat pump to win innovation award at US expo
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PHOTOS: Korea observes Dokdo Day
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Hyundai Mobis posts 31.6% jump in Q3 operating profit
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Old movies make comeback to theaters with nostalgic appeal
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Cyclonic storm makes landfall on eastern Indian coast
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TikTok hosts creator summit in Saudi Arabia