SKC, the chemical unit of SK Group, has joined hands with Indonesia’s leading petrochemical producer, Chandra Asri, to expand its burgeoning eco-friendly materials business in Southeast Asia, according to an industry source familiar with the matter on Thursday. According to the source, Ecovance, a subsidiary of SKC, inked a memorandum of understanding with the Indonesian firm on their business partnership last month. Under the agreement, the two companies plan to develop products using Eco

The competition in the chip industry is an “all-out war,” President Yoon Suk Yeol said Thursday, vowing to back local chipmakers with interagency support amid the intensifying tech competition between the US and China. “The government and the private sector should come together to ride out challenges ahead. … The government will closely work with allies like the US to resolve issues involving the industry,” Yoon said at a meeting attended by senior officials, lawma

World No. 2 memory chip maker widens technological gap with US rival Micron, China's YMTC

Dressed in colorful hanbok, 28 BTS fans shouted out loud “BTS, we love you” as they posed for a group photo at Changdeokgung in Seoul on Wednesday. As members of the BTS fandom, Army, the fans from Australia are in South Korea as part of a special tour hosted by the Korea Tourism Organization to celebrate the 10th anniversary of the K-pop megastars' debut. Under the name “BTS Road,” the tour will focus on following in BTS' footsteps, visiting locations that hold special s

A dispute over the license fee for state broadcaster KBS took a strange turn Thursday following the Yoon Suk Yeol administration’s recommendation that broadcasting authorities change the fee collection method in favor of a separate billing system. The presidential office said Monday it sent the recommendation to the Korea Communications Commission and the Ministry of Trade, Industry and Energy, asking them to revise related laws so that the license fee could be separated from electricity b

President Yoon Suk Yeol said in his Memorial Day address on Tuesday that it is the government's duty to remember and honor the uniformed heroes who sacrificed their lives to defend South Korea's liberal democracy. He awarded certificates to five surviving soldiers of the Cheonan corvette. This is the fair treatment that heroes who defended the country deserve. Recognizing and rewarding their patriotism is a value that should be respected and carried out regardless of partisanship. But