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

SK Telecom demonstrates AI behavior monitoring technology for people with developmental disabilities

SEOUL -- South Korea's major mobile carrier SK Telecom will demonstrate an artificial intelligence solution that can monitor challenging behaviors displayed by people with developmental disabilities at care centers in Seoul. The solution will help human specialists monitor for early symptoms of the disability and provide therapeutic services. Challenging behavior is exhibited by people who have severe learning disabilities when their needs are not met. The common examples of cha

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

Woowa Brothers to demonstrate food delivery robots on streets of Gangnam

SEOUL -- Woowa Brothers, the operator of the popular food delivery service app Bamin, will test the efficacy of five six-wheeled robots on the streets of Gangnam, a southern Seoul district famous for rapper Psy’s 2012 global hit song "Gangnam Style." Baemin first started the demonstration of its delivery robots by deploying "Dilly," the service robot, to a campus in eastern Seoul in late 2019. The company later developed delivery robots that can carry dri

November 7, 2023

Peru's symbolic artwork 'Pucará Bull' to be showcased with Korean legendary creature in Seoul

SEOUL -- The Peruvian Embassy in South Korea will showcase Pucará Bull, Peru's handcrafted artwork that symbolizes prosperity and peace, along with art pieces of Haechi, a Korean mythical animal regarded as a guardian against fire and other natural disasters. The exhibition will take place inside Seoul's city hall to mark the 60th anniversary of diplomatic relations between South Korea and Peru. Pucará Bull is an art piece created in a town located in the Andes

November 7, 2023

95% of cattle vaccinated to prevent spread of lumpy skin disease

SEOUL -- About 95 percent of South Korea's cattle population was vaccinated against lumpy skin disease. The country had a total of 81 infected cases in about 18 days after the infectious cattle disease was reported for the first time. Lumpy skin disease (LSD) is a viral infection that spreads through blood-feeding insects like flies, mosquitoes, and ticks. A cow infected with the virus usually shows symptoms of high fever, skin nodules, enlarged superficial lymph nodes, and lump

November 7, 2023

Young S. Koreans leave hometowns to live in Seoul and nearby cities: data

SEOUL -- Some 600,000 young South Koreans in their 20s have left their hometowns to move to Seoul and its surrounding cities during the last decade, data released by the national statistics information service showed. In South Korea with a population of about 52 million, about 25.9 million people live in Seoul and its metropolitan area. It is mainly because major companies are located in the capital city area, as well as infrastructure for the culture, society, finance, healthcare

November 7, 2023

SK On to provide battery cells to Swedish carmaker Polestar's new electric vehicle

SEOUL -- SK On, the batter-making wing of South Korea's SK Group, will supply its battery cells to Swedish automotive brand Polestar for its upcoming electric vehicle scheduled for production in 2025. The vehicle will be powered by batteries consisting of over 80 percent of nickel. Battery manufacturers have been striving to produce more efficient batteries, such as NCM batteries that contain nickel, cobalt, and manganese. High-nickel batteries can help manufacturers save costs and

November 6, 2023

Seoul to operate self-driving buses near iconic Korean street food market

SEOUL -- Seoul's self-driving bus route that operates near Cheonggyecheon, a stream that flows through the heart of the capital city will be extended to a Gwangjang Market, a famous traditional Korean market with various types of street food. The traditional market is known for Tteokbokki, finger-sized rice cakes simmered in fiery-red spicy chili sauce, and Korean-style mung bean pancake called Bindaetteok. Since November 2022, a total of three autonomous buses carried passenge

November 6, 2023

Seoul's official Instagram becomes most-followed account among 10 major global cities

SEOUL -- Seoul City's official Instagram became the most-followed account among 10 major global cities with some 454,000 followers. The most popular content was a short-form video featuring Seoul Tower, a famous tourist attraction located near central Seoul, which was illuminated in purple, the iconic color of K-pop phenomenon BTS. Other global cities include New York, London, Tokyo, and Paris. After launching its official account in June 2014, the number of Seoul's Instagram f

November 6, 2023