Economy
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SK Telecom to adopt Indonesian language for metaverse service 'Ifland'
SEOUL -- South Korea's major mobile carrier SK Telecom will adopt the Indonesian language service for its metaverse platform "Ifland" targeting the Southeast Asian country with the world's fourth-largest population. The company will also work with Indonesia's leading game developer Agate to gain a competitive edge in Indonesia with a population of some 277.5 million. Using Ifland, anyone can host lectures, business forums, and concerts in a virtual space. The p
November 28, 2023 -
STX partners with Mongolian investor SG Group to co-develop high-value resources and rare metal businesses
SEOUL -- STX, a Seoul-based trading company, has partnered with SG Group, a Mongolian investment company, to jointly develop high-value resources and rare metals businesses in a bid to create stable supply channels for materials that are crucial for the production of batteries and semiconductors. Mongolia is rich in various mineral resources including lithium, tungsten, copper, gold, and iron. The country has some 16 percent of the world's rare earth materials that are require
November 28, 2023 -
Harman acquires audio technology platform Roon to beef up connectivity capability
SEOUL -- Harman, the audio and electric parts wing of Samsung Electronics, has acquired Roon, an American audio platform company that specializes in connectivity and streaming technology, in a bid to beef up the company's future smart car infotainment system capabilities. Harman, formerly known as Harman International, was acquired by Samsung in 2016. The company focuses on the connectivity of electronic devices such as hardware used in vehicles' infotainment systems. Connec
November 28, 2023 -
CJ Cheiljedang develops paper coating technology using biodegradable plastic material
SEOUL -- CJ CheilJedang, a key subsidiary of South Korea's food and entertainment conglomerate CJ Group, has developed eco-friendly paper coating technology using its degradable plastic material called "polyhydroxyalkanoates." The new technique can be used for paper packaging on paper cups, cup noodles, and rice containers. Polyhydroxyalkanoates (PHAs) are produced by bacteria during the fermentation process of sugar or lipids, including fats, oils, and waxes, for the
November 27, 2023 -
Bank of Korea to announce base interest rate through monetary policy meeting in November
SEOUL -- South Korea's central bank will announce the country's base interest rate during the last monetary policy meeting on November 30. The benchmark interest rate, which is at 3.5 percent, has remained unchanged for the sixth consecutive time since February 2023 amid growth deceleration and increased uncertainties, including the conflict between Ukraine and Russia, and concerns over rising household debts. The Bank of Korea (BOK) will determine the base interest rate thr
November 27, 2023 -
Girl band aespa to perform at SM Entertainment concert in Tokyo
SEOUL -- K-pop girl band aespa will perform at Tokyo Dome, an indoor stadium regarded as a "dream stage" among Japanese artists. The four-member band will participate in SM Town Live, a concert showcasing artists of South Korea's entertainment powerhouse SM Entertainment. The group released many hit songs such as "Black Mamba" and "Next Level." In June 2020, aespa signed a contract with Warner Music, an American entertainment and record label conglo
November 27, 2023 -
Taihan Cable joins power transmission and distribution projects in Britain
SEOUL -- Taihan Cable & Solution, a power cable and grid infrastructure company in South Korea, has partnered with London-based infrastructure group Balfour Beatty to take part in power transmission and distribution projects in Britain. The combined projects have a total value exceeding $275 million. Taihan Cable said on November 24 that the company will work with the British group specializing in engineering, procurement, and construction (EPC) for power grid projects. Balfour
November 24, 2023 -
Pulmuone to commercialize robot chef for noodle menus in early December
SEOUL -- South Korean food product maker Pulmuone will supply its vending machine that can cook refrigerated dishes in about 90 seconds to highway rest stops, and canteens at schools and companies in early December. The culinary robot provides instant noodle dishes including noodle soup with beef and broth, and Jjambbong, a spicy seafood noodle soup with various ingredients such as onions and garlic. The instant food cooking machine called "Robot Chef" was developed in Sep
November 24, 2023 -
Number of overseas stores operated by S. Korean convenience store chain CU surpasses 500
SEOUL -- The number of overseas stores run by the operator of South Korea's major convenience store franchise CU exceeded 500. The franchise operator "BGF Retail" currently has 370 stores in Mongolia and 140 in Malaysia. The company will launch its first shop in Kazakhstan in the first half of 2024. According to data released by BGF Retail, there is a high demand for Korean food at its overseas stores. At its Malaysian stores, Korean ready-to-cook food items including
November 23, 2023 -
Hyundai to establish hydrogen mobility infrastructure in Singapore
SEOUL -- Hyundai auto group, the world's third-largest carmaker, has partnered with Singaporean logistics company PTCL to establish hydrogen mobility infrastructure in Singapore. The island country aims to increase the proportion of low-carbon energy such as hydrogen to half of its electricity production by 2050. According to data released by Singapore-based think tank Asia Natural Gas and Energy Association, the Southeast Asian country currently relies on natural gas for 96 per
November 22, 2023
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Global tech firms to present smart manufacturing solutions at 'Smart Factory + Automation World' in Seoul
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Occult thriller film 'Exhuma' attracts more than 10 mln moviegoers in 35 days of release
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Education company Visang provides smart Korean language learning platform 'Klass' to Vietnamese universities
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LS Cable embarks on construction of plant for new copper foil material
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Seoul's bus labor union launches strike for first time in 12 years
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US political turmoil reflects our wider society – in 2024 and earlier elections
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S. Korean mobility solution company targets historical city as gateway to Viet Nam
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Avikus validates fuel-saving effect of self-sailing solution 'HiNAS Control'
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Le Sserafim's "Easy" named on Billboard's top 200 popular albums chart for four consecutive weeks
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Life expectancy in South Korea decreases for first time since 2000