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Posco Group Chairman Chang In-hwa announced that the group plans to integrate advanced materials into its core operations, alongside steelmaking and secondary battery materials, aiming to double sales to 5 trillion won ($3.6 billion) by 2030. "Let’s restore our core competitiveness and trust acro...
Cyberattacks using generative artificial intelligence, or targeting the weak points of the new technology are on the rise, SK Shieldus, a leading security service company in Korea said on Tuesday. In a media seminar, SK Shieldus and EQST, the company's white-hat hackers group, presented its findin...
The Korea International Trade Association announced Tuesday the opening of its new US office in Dallas, Texas. The opening event held on Monday was attended by 50 dignitaries and representatives from both governments and related businesses, including KITA Chairman Yoon Jin-sik, Texas Secretary of ...
Celltrion said Monday that CT-P43, its ustekinumab biosimilar referencing Stelara, received an approval recommendation from the European Medicines Agency's Committee for Medicinal Products for Human Use. Stelara is Janssen's top-selling drug for psoriasis, psoriatic arthritis, Crohn’s disease and...
The Fair Trade Commission has launched formal proceedings to sanction Chinese e-commerce giant AliExpress for alleged violations of e-commerce laws. According to industry sources on Monday, the FTC recently issued a review report outlining sanctions against AliExpress for failing to report its bas...
The global memory chip market is picking up on the back of the artificial intelligence boom, with the chip price expected to rise in the second half of this year, according to industry sources on Monday. In the wake of a recovery in demand for server and AI chips, such as High Bandwidth Memory chi...
Korean Air said Friday that its mileage program Skypass had won the top award in the airline membership sector at this year’s National Service Awards, marking the second consecutive year it has received the honor. The National Service Awards evaluates and honors services most cherished by consume...
LG Innotek said Thursday that it has met nearly 61 percent of its renewable energy transition goals just a year since it joined the RE100 corporate initiative in July 2022. According to its sustainability report, it converted 60.9 percent of its energy consumption to renewable energy last year, a ...
South Korea’s number of coffee shops exceeded 100,000 for the first time in 2022, reflecting the major trend of daily coffee consumption that has been continually growing in the country since 1999. According to Statistics Korea on Sunday, there were 100,729 coffee shops at the end of 2022, an inc...
Korean Air is expected to continue its trajectory with another solid quarter, backed by increased revenue from the company’s cargo business, according to a security firm’s report and industry sources Friday. According to Daishin Securities’ report, Korean Air’s revenue from its cargo business ...
Shares in online comics platform Webtoon Entertainment, a subsidiary of Naver in the US, rose around 10 percent in the first day of trading on Nasdaq on Thursday, giving the company a valuation of $2.92 billion. Webtoon Entertainment’s stock first opened at $21.30, and traded as high as $24. The ...
By Kan Hyeong-woo ( hwkan@heraldcorp.com )
Hyundai Engineering & Construction said Friday that it carried out special inspections to ensure workers are protected against heat waves at construction sites amid sweltering early summer heat. Hyundai E&C's Chief Safety Officer Hwang Joon-ha visited one of the construction sites for its apartmen...
South Korean steel firm Hyundai Steel said Thursday that the company is increasing research and development efforts to improve its steel products and solutions, as well as to provide cost-effective steel products to local construction firms facing difficulties in the sluggish construction market. ...
SK Group Chairman Chey Tae-won is traveling in the US to meet with leaders of the big tech firms, including OpenAI and Microsoft, to discuss collaboration opportunities on the rising artificial intelligence technology. On his social media Thursday, Chey posted photos of him shaking hands with Sam ...
Posco threads new life to old uniforms for Philippine communities
NCSoft releases sustainability report to meet global green standards
Samsung may supply advanced image sensors for Apple: analyst
Hana chief cleared of severe punishment in DLF crisis
NCSoft launches official Discord channel for Throne and Liberty
Qoo10 liquidity crisis sparks massive complaints, fears of wider damage