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Fri, December 9, 2022 | 18:14

Sales of sterilized milk soar amid price hikes

Sales of sterilized milk soar amid price hikes

A growing number of consumers are turning to imported sterilized milk products due to their lower prices amid soaring inflation, according to industry officials, Thursday. The steep price hikes of locally produced fresh milk in November have further encouraged more people to seek out alternatives.

Kim Jae-heun | 2022-12-08 16:22

LG releases electronic face mask in Korea

LG releases electronic face mask in Korea

LG Electronics belatedly introduced its electronic face mask due to the late implementation of government safety regulatory standards for electronic masks. However, the launch of its product on the local market comes a little late as the government is considering lifting the indoor mask mandate by March next year, according to industry officials Thursday. Although electronic ...

Kim Hyun-bin | 2022-12-08 16:14

Samsung denies report claiming new executive VPs had to be younger than chairman

Samsung denies report claiming new executive VPs had to be younger than chairman

Samsung Electronics brushed off a media report claiming that the company was wary of Chairman Lee Jae-yong's apparent reluctance to promote executives older than himself during the first annual executive reshuffle since his ascent. The tech giant said Thursday that the ages of its executives were irrelevant to their promotions earlier this week, denying a news report that the...

Park Jae-hyuk | 2022-12-08 16:10

Hanssem becomes another headache for Lotte

Hanssem becomes another headache for Lotte

The falling stock price of Hanssem is causing another financial headache for Lotte Group, which has already injected a huge amount of money into its cash-strapped construction unit, according to industry officials, Thursday. Lotte Shopping, which jointly acquired a controlling stake in Hanssem with IMM Private Equity (PE) last year, is said to have decided at Thursday's board...

Park Jae-hyuk | 2022-12-08 16:10

KHNP CEO confident about nuclear plant export to Czech Republic

KHNP CEO confident about nuclear plant export to Czech Republic

Korea has cost, quality and technological advantages over its U.S. and French peers when it comes to nuclear power plant construction, a reason why Korea Hydro & Nuclear Power (KHNP) CEO Whang Joo-ho remains confident about Korea's chance of winning in a three-way bidding war to build a nuclear reactor in the Czech Republic. The Korea-U.S. alliance to cooperate in the nuclear...

Lee Kyung-min | 2022-12-08 16:00

'Korea-developed APR1400 Shin Hanul provides stable power source'

Hankook, Kumho, Nexen hit hard by truckers' strike

Hankook, Kumho, Nexen hit hard by truckers' strike

Korean tire companies' have seen output heavily impacted by the ongoing truckers' strike, according to company officials Thursday. Some have even begun transferring supplies from local factories to overseas production sites to cope with the logistics nightmare. Automakers are also increasingly concerned about production disruptions if the strike continues for a few more weeks.

Kim Hyun-bin | 2022-12-08 15:58

Popeyes to reopen in Korea, 2 years after departure

Popeyes to reopen in Korea, 2 years after departure

American fried chicken franchise Popeyes is set to open a store in Seoul next week, two years after closing business in Korea, its Korean operator said Thursday.

2022-12-08 14:38

KOIMA asks ambassadors to support Busan's Expo bid

KOIMA asks ambassadors to support Busan's Expo bid

Korea Importers Association (KOIMA) Chairman Kim Byung-kwan, front row eighth from left, poses with foreign envoys from 89 countries and Korean government officials during an event to celebrate the 13th Import Day and the 52nd anniversary of the association at the Westin Josun Seoul, Wednesday. Kim asked the ambassadors in Korea to support Busan's bid to host the World Expo 2...

Park Jae-hyuk | 2022-12-08 14:30

'Korea-developed APR1400 Shin Hanul provides stable power source'

'Korea-developed APR1400 Shin Hanul provides stable power source'

It took about four hours from Sejong, an administrative city south of Seoul, to Hanul Nuclear Power's headquarters in Uljin, North Gyeongsang Province, operated by Korea Hydro & Nuclear Power (KHNP), a state-run energy firm. The eastern coastal city is where the Hanul Nuclear Power Plant is located. Shin Hanul unit 1 began commercial operation, Wednesday, over 12 years after ...

Lee Kyung-min | 2022-12-08 12:02

KHNP CEO confident about nuclear plant export to Czech Republic

[INTERVIEW] Almonty set to mine for Korean tungsten to challenge China's dominance

INTERVIEWAlmonty set to mine for Korean tungsten to challenge China's dominance

Korea is still among the countries that rely heavily on tungsten imports from China, despite the local existence of the Sangdong Mine in Yeongwol County, Gangwon Province, which is known to have the world's largest tungsten deposit. As the mine has remained closed over the past three decades, the proportion of tungsten oxide coming from China even reached 96.7 percent of all ...

Park Jae-hyuk | 2022-12-07 22:14

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Top 10 Stories

1	LG releases electronic face mask in Korea

2	South Korea warns of NK IT workers operating under false identities

3	Korea to scrap local age counting system from next year

4	British peacemaker presents idea to break stalemate in Korea

5	Samsung denies report claiming new executive VPs had to be younger than chairman

6	Hanssem becomes another headache for Lotte

7	Eased COVID lockdowns in China raise hope for sluggish Korean exports

8	Health ministry to review 'Mooncare,' adopt stricter measures for foreign dependents

9	Sales of sterilized milk soar amid price hikes

10	'Korea-developed APR1400 Shin Hanul provides stable power source'

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