-
1
Over 55% of Korean voters expect opposition to win early election: poll
-
2
South Korea warns North Korea against provocation
-
3
PPP leadership calls on ex-President Park Geun-hye
-
4
S. Korean fighter jet accidentally drops bombs on civilian village, injuring seven
-
5
S. Korea, US to hold 1st Freedom Shield drill since Trump's return
-
BAT debuts synthetic nicotine e-cigarettes in Korea
Global tobacco giant British American Tobacco on Monday officially launched its synthetic nicotine-based liquid e-cigarette, Nomad Sync 5000, in South Korea, the first market in the world to release the product. The Nomad Sync 5000, available in sweet “Purple” and refreshing “Cold” flavors, offers up to 5,000 puffs with a liquid capacity of 10 milliliters and a nicotine concentration of 0.9 percent. Priced at around 17,000 won ($12), the product is now available at vape s
Nov. 25, 2024
-
[Weekender] Korea's traditional sauce culture gains global recognition
South Korea's traditional culture of making "jang," a culinary practice encompassing knowledge and techniques related to the production of fermented soybean condiments, is poised to gain global recognition, as UNESCO considers adding it to the list of intangible cultural assets. On Nov. 5, an evaluation body under UNESCO’s Intergovernmental Committee for the Safeguarding of Intangible Cultural Heritage recommended Korea’s “Knowledge, beliefs, and practices relate
Nov. 23, 2024
-
Daewoo E&C chair honored in India for boosting bilateral economic ties
South Korean builder Daewoo Engineering & Construction said Friday that Chairman Jung Won-ju was honored with the Mahatma Gandhi International Award in recognition of his efforts to strengthen economic cooperation and exchanges between South Korea and India. The award, an accolade presented by the New Delhi-based Non-Resident Indians Welfare Society, recognizes international figures who foster mutual understanding and strengthen cultural and economic ties between India and other nations. Jun
Nov. 22, 2024
-
AmCham seminar discusses US-Korea trade outlook for Trump’s 2nd term
The American Chamber of Commerce in Korea hosted a seminar Wednesday in Seoul, partnering with local law firm Kim & Chang to explore key trade and tariff policy changes expected under a second Trump administration. The session, which drew attendance from local companies seeking to navigate the evolving US-Korea economic relationship, focused on anticipated shifts in US trade policy and their implications for Korean businesses. "Given President Trump’s campaign promises and his fir
Nov. 22, 2024
-
Paper firms fined W30b for colluding on newsprint prices
South Korea’s antitrust watchdog has fined three paper manufacturers a total of 30.5 billion won ($21.8 million) for colluding to raise newsprint prices. According to the Korea Fair Trade Commission on Thursday, Jeonju Paper, Daehan Paper and Paper Korea engaged in price-fixing by twice raising prices by 60,000 won per ton, in 2021 and 2022. The companies also pressured local newspaper companies that resisted the price hikes by reducing their supply of newsprint. The three companies are do
Nov. 21, 2024
-
CJ CheilJedang to spur overseas growth with new Hungary, US plants
South Korean food company CJ CheilJedang announced Thursday it plans to build new production facilities in Hungary and the US as part of efforts to expand its presence in global markets. According to the company, the new Hungarian plant will be located on a 115,000-square-meter site in Dunavarsany, a town near the Budapest metropolitan area. With an investment of 100 billion won ($71.3 million), the new facility will feature advanced automated production lines. Production is expected to begin in
Nov. 21, 2024
-
Samsung Biologics hits W5tr in annual orders
Samsung Biologics said Wednesday that its cumulative orders this year have exceeded 5 trillion won ($3.59 billion), driven by consecutive large-scale deals with global pharmaceutical companies. In a regulatory filing, the company announced two new contract manufacturing agreements with a European pharmaceutical firm worth a combined 930.4 billion won. While specific product details remain undisclosed, the contracts will run through December 2031. As of November, Samsung Biologics has secured 11
Nov. 20, 2024
-
Posco shuts down wire rod mill on oversupply concerns
South Korean steel giant Posco Group said Wednesday that it will shut down a wire rod mill at its steelworks in Pohang, North Gyeongsang Province, citing global oversupply. The company explained that the decision reflects recent market challenges, including the ongoing global steel surplus, aging facilities, and the impact of China’s low-cost exports. According to Posco, the global wire rod market in 2023 had a production capacity of approximately 200 million metric tons, while demand reac
Nov. 20, 2024
-
Daewoong develops drug candidate for oral obesity treatment
Daewoong Pharmaceutical announced Tuesday that it has filed for a domestic patent for a new obesity drug that suppresses appetite and promotes fat burning. The company said the candidate drug targets both GLP-1 and GIP receptors and is designed as a small molecule-based oral agonist. GLP-1 and GIP are hormones that help regulate blood sugar levels and body weight. GLP-1 boosts insulin secretion to control blood sugar and suppress the appetite, while GIP supports insulin release and promotes fat
Nov. 19, 2024
-
[From the Scene] Climate change threatens Jeju's mandarin orange business
JEJU ISLAND -- Jeju’s iconic mandarin orange industry is grappling with mounting challenges as climate change disrupts traditional cultivation practices. This year, prolonged tropical nights and rising temperatures delayed harvests and impacted fruit quality, prompting the island to adapt its agricultural practices. “Mandarins develop their yellow color when nighttime temperatures fall below 20 degrees Celsius,” said Hyun Jong-ho, manager at the Namwon Agricultural Product Ce
Nov. 18, 2024