An advertisement campaign from Daesang took home two honors at the Korea Advertising Awards this year, according to the food company on Sunday. Founded in 1994, the Korea Advertising Awards are considered the most prestigious awards in the industry here. Some 2,000 advertisements are submitted for consideration each year, the organizers said. An advertisement series of Daesang’s “Anjuya” products -- ready-made side dishes to be paired with alcohol -- received two nominatio

New variant brings back strict office quarantine rules again, executives mull trip to CES 2022

South Korea will increase the number of electric vehicle chargers at highway service areas nationwide to over 1,000 by the end of 2022, the transport ministry said Sunday. Currently, there are 435 EV chargers at the country's highway rest stops. The government plans to increase the number to 730 by the end of this month and then add more than 300 chargers next year, it said in a press statement. The move is meant to help meet rising demand for EVs and the charging infrastructure, as the gover

Amid worries over the omicron variant of COVID-19, Korean testing kit makers showed confidence in their equipment’s ability to detect the new virus variant, pushing up their stock prices again. GreenCross Medical Science said Friday that the effectiveness of its COVID-19 testing kit has been confirmed for the new omicron variant as well. In order to assess the validity of the result from its testing equipment, GCMS conducted the ‘in-silico’ experiment, which refers to a typ

Silence prevailed at the departure gates of Incheon Airport on Thursday, a day after the nation reported its first cases of COVID-19’s omicron variant. People waiting to check in for their flights were seated meters apart with masks on. Some were wearing plastic gloves and face shields for extra protection. Cafes at the terminal were open but practically empty. “I mean, it’s the airport. Even my parents think working here makes me vulnerable to omicron. So I understand that

Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Friday it has signed a 383 billion-won ($325 million) deal to build a wind turbine installation vessel (WTIV). Under the deal with Monaco's Eneti Inc., the vessel will be delivered by the first half of 2023, DSME said. The latest deal was made in accordance with the 370 billion-won contract with Eneti in May, under which it has an option to place an order for an additional WTIV. The two WTIVs, which are 148 meters long and 56 meters wi

The licenses of six botulinum drugs will be revoked on Dec. 13, the Ministry of Food and Drug Safety announced Thursday. The Drug Ministry said the drugs were being sold in the country without obtaining the state approval to sell them in the domestic market. The drugs are four of Hugel’s Botulax units and two of Pharma Research Bio’s ReNTox units. The Drug Ministry will also shut down Pharma Research Bio’s production for six months, citing that the biopharmaceutical firm&

Speculations grow over junior Chey’s role at battery spinoff from SK Innovation

Incheon Airport on Thursday forecast its debt ratio to spike to nearly 70 percent this year due to a plunge in flight operations and travelers amid the COVID-19 pandemic. The airport operator said in a press conference that flight operations are likely to have dropped 19 percent from last year, and travelers by 70 percent on-year. The downturn has hurt revenue, as the airport’s sales stood at 490.5 billion won ($416 million), a 55 percent drop from last year. The airport sought to respo

Former presidential adviser says political talks at highest level essential to forge efforts on cross-border project

The 2021 IoT Korea Online Business Meeting held by National IT Industry Promotion Agency from Nov. 2-4 wrapped up with several agreements reached by participating firms. Nearly 370 business meetings were arranged over the three days at the Pangyo 2nd Techno Valley Corporate Support Hubs. Small and medium-sized IoT companies in Korea have been seeking routes into overseas markets and have been doing so at large global trade shows every year. However, due to the pandemic, online export confere

Business leaders who planned and built a metaverse platform have written a book on the subject of the metaverse -- a virtual world that incorporates augmented reality and avatars, among other things, in parallel to the physical world. Choi Jin-young, CEO of The Korea Herald; Ryu Seong-taek, CEO of Hyundai Futurenet, an affiliate of Hyundai Department Store; and Song Min-jae and Choo Sun-woo, CEOs of Meta Factory, co-authored “The Metaverse Management,” based on their discussions as