Contemporary dance group 'Ambiguous Dance Company' to perform at arts festival in southwest of Seoul

SEOUL -- Ambiguous Dance Company, a South Korean contemporary dance performance team that collaborated with the British rock band Coldplay for dance song "Higher Power," will perform at a mask-free street festival in Ansan southwest of Seoul. Ansan earlier announced that the city would come up with diverse programs by inviting foreign performance groups to the annual event visited by more than 700,000 people every year. Higher Power, released in May 2021, was nominated fo

April 10, 2023

​GI Innovation to adopt new manufacturing process for immunotherapy agent GI-101

SEOUL -- South Korea's bio-venture company GI Innovation will adopt a new production process for the company's immune-oncology candidate substance called "GI-101." GI-101 is a dual fusion protein with the functions of CD80 and IL-2, proteins that play important roles in the immune system. Through a joint clinical trial with global pharmaceutical companies including America's MSD and Britain's AstraZeneca, the first patient treatment was launched in Febru

April 10, 2023

HD Hyundai Heavy launches large-sized frigate capable of detecting targets in all directions

SEOUL -- South Korea's HD Hyundai Heavy Industries launched a new 3,600-ton frigate armed with a multifunction phased array radar capable of detecting and responding to targets in all directions. Through the adoption of the ship called "ROKS Chungnam," South Korea's Navy can upgrade its defense capability from various types of threats such as aircraft and submarines. ROKS Chungnam is the first frigate developed as a state project to build a total of six frigates w

April 10, 2023

About 60% of S. Koreans worry about AI stealing humans' jobs: survey

SEOUL -- About 60 percent of South Koreans worry that artificial intelligence-based solutions could steal humans' jobs in the future, a survey showed. Currently, AI-based robots and other smart solutions are widely used in South Korea with about 21 million working people. AI systems that mimic the way how people think and work are adopted by business operators to cut down operating costs and speed up simple processes such as sorting documents and moving parcels from one section

April 10, 2023

Busan to launch consortium to nurture the southern port city's coffee industry

SEOUL -- A consortium consisting of various coffee-related associations and research institutes will be launched in South Korea's southern port city of Busan to nurture the city's thriving coffee industry. The group will develop various policies to support the city's coffee industry with the biggest number of coffee shops compared to the city's population of about 3.3 million. According to the Korea Customs Service, South Korea imported about $1.3 billion worth of c

April 10, 2023

Exports of S. Korean instant noodles hits highest-ever to record $208 mln in 1Q 2023

SEOUL -- Exports of South Korean instant noodles has hit the highest-ever record of $208 million in the first quarter of 2023, up 14.3 percent from the same period a year ago. The increased popularity of South Korean instant noodles called "Ramyeon" is accelerated thanks to high global recognition of South Korean cultural content including K-pop, films, and dramas. It has been decades since South Korean instant noodles were exported to overseas countries but were mainly c

April 10, 2023

British Embassy in S. Korea introduces wind farm tech trends through webinar

SEOUL --The British Embassy in South Korea has introduced the country's latest trends in wind farm technologies, one of the main future renewable energy sources, through a webinar. Wind farms are basically large fans connected to turbines that generate electricity when the fans are turned by strong winds. Britain is the biggest operator of wind farms with more than 11,000 turbines with a total installed capacity of some 28 gigawatts and supports about 25 percent of electricity

April 7, 2023

Samsung Electronics' operating profit in Q1 2023 plunges 96% year-on-year

SEOUL -- Through an earnings report, Samsung Electronics announced its operating profit in the first quarter of 2023 was 60 billion won ($455 million), down 96 percent from the same period a year ago. The conglomerate currently suffering declines in semiconductor prices has experienced operating profit of below one trillion won in 14 years. Samsung's regulatory filing released on April 7 showed that the company's sales reached 63 trillion won, down 19 percent year-on-year.

April 7, 2023

Asia's ecommerce giant Qoo10 acquires S. Korean online shopping platform for second time

SEOUL -- Qoo10, jointly founded by online shopping mall GMarket founder Ku Young-bae and eBay, an American ecommerce giant, has acquired Wemakeprice, a South Korean ecommerce unicorn, in a bid to strengthen its influence in the Asian ecommerce market. This is the third time Qoo10 acquiring South Korean ecommerce companies after Tmon and Interpark. Headquartered in Singapore, Qoo10 recorded annual sales of about one trillion won in 2016, thanks to its popularity in Southeast Asian c

April 7, 2023

​Healthcare provider CGBIO to supply filler products worth $12.6 mln to Argentina and France

SEOUL -- At a global cosmetics conference held in Monaco, CGBIO, a total healthcare provider in South Korea, has sealed an order worth 16.5 billion won ($12.6 million) through its calcium filler which is often used as an anti-aging product. The filler product called "Calcium Hydroxyapatite filler Facetem" would be supplied to Argentina and France for three years. Calcium Hydroxyapatite (CaHA) filler Facetem, effective in improving skin elasticity, is used for various cosm

April 7, 2023