Daewoo Engineering & Construction announced Wednesday that it hosted the Czechia-Korea Nuclear Engineering & Construction Forum in Prague on Monday, with the aim to secure a new nuclear power plant project in the Czech Republic. The forum saw around 150 attendees, including Czech government officials, local nuclear industry representatives and media personnel. Daewoo E&C President Baek Jung-wan led the sales efforts by signing MOUs with local companies during the event. Daewoo E&

Hanwha Group's two defense units -- Hanwha Ocean and Hanwha Aerospace -- said Tuesday that they would be showcasing their latest marine and ground weapon systems at this week's CANSEC, Canada's largest defense and security trade show. Held annually in Ottawa, CANSEC features over 280 companies and representatives from 50 countries. This year's event runs from Wednesday to Thursday, and will be the first in which Hanwha Group has taken part. Hanwha Ocean will present the KSS-I

LG Electronics said Monday it has launched its new “myCup” tumbler washer, with the first batches being installed at Starbucks stores here. In partnership with the Ministry of Environment and Starbucks Korea, LG developed the device to increase the use of reusable cups at the nation’s most popular specialty coffee chain. The “myCup” tumbler washer is based on LG’s Dios dishwasher technology. Customers are required to place their tumbler upside down in the wash

LG Energy Solution said Sunday that its top executives traveled to the US last week to host a global talent recruitment event as part of the battery maker’s ongoing efforts to lure tech talents around the world. The Battery Tech Conference (BTC) is the company’s unique global recruitment event aimed at recruiting quality workers in research and development and promoting its vision for growth. Following last year’s event held in San Francisco, the event headed to New York this y

Genesis BBQ Group, Korea's largest chicken franchise, announced Thursday the opening of a new store in Omaha, in eastern Nebraska. With the launch of the Omaha branch, BBQ has successfully expanded its presence to 28 out of the 50 states in the US. Omaha is the largest city in the state and is also home to Berkshire Hathaway, the investment holding company of renowned investor Warren Buffett. BBQ's Omaha branch, located just ten minutes from Berkshire Hathaway's headquarters, is e

Air sterilization solutions provider A.Virtual said Wednesday it would introduce its air sanitizer to the Dubai market through a partnership with Sharaf DG, the largest electronics retailer in the Middle East. A.Virtual's air sanitizer with sterilization capabilities will be exclusively available in Sharaf DG's five stores in Dubai, located in Dubai Mall, Deira City Centre, Times Square Centre, Mirdif City Centre and Dubai Hills. Sharaf DG operates over 40 stores across the Middle East

BAT Rothmans' flagship heated tobacco brand "glo" announced Tuesday the launch of its new premium device, Hyper pro, with pre-orders available on Coupang. The brand-new model features a new EasyView screen and the latest HeatBoost technology. The EasyView screen, a high-definition AMOLED display, reflects consumer feedback from previous models. It offers six screen modes, allowing users to easily check remaining usage time, heating time, battery level and more with just a single c

SK Ecoplant said Monday that it is extending its waste management service for Coupang Fulfillment Services, the logistics arm of Korean e-commerce giant Coupang. SK Ecoplant has been offering an integrated waste management service using its WAYBLE circular platform that handles the collection and transportation of waste materials. Under the new deal, the service will include connecting to final waste disposal facilities, which will allow Coupang to conduct a comprehensive analysis of its waste d

Standard Chartered Bank Korea said Friday it will offer a special promotion for new customers who open a money market deposit account with a deposit of 30 million won ($22,125) or more, up to an individual limit of 2 billion won. Running until May 30, the promotion provides a special interest rate of up to 3.4 percent for 60 days maximum from the date of opening the account. The money market deposit account is a flexible savings account that offers daily compounding interest rates that vary base

Jeonbuk Bank signed a memorandum of understanding with Credit Bureau Cambodia and Korea Credit Bureau, the leading credit rating agencies in Cambodia and Korea respectively, to provide credit information services for Cambodian customers. The signing ceremony, held during the Cambodia-Korea Business Forum in Seoul on Thursday, was attended by Cambodian Prime Minister Hun Manet, Korean Industry Minister Ahn Duk-geun and other officials from both governments. Jeonbuk Bank, in collaboration with the

Yuhan-Kimberly announced Monday that its long-standing forest conservation campaign "Keep Korea Green" has reached its 40th anniversary this year. Originating in 1984, the campaign has evolved into a corporate social responsibility model rooted in cooperative governance, driving both societal and corporate development. Marking the campaign's 40th anniversary, Yuhan-Kimberly announced its achievements so far. Through the campaign, Yuhan-Kimberly has planted over 57 million trees ac

Samsung Electronics said Sunday that it has retained its top market share position in the microwave market in Europe for the ninth consecutive year. According to market research firm Euromonitor, Samsung Electronics ranked No. 1 with a market share of 15.3 percent in the microwave segment across 19 European countries surveyed last year. The company targeted the market by offering premium materials and distinctive designs, reflecting the high level of interest in kitchen interior design among Eur

LG CNS on Thursday opened its Gen AI Studio, a new venue for its corporate clients to experience business solutions using generative AI. The latest opening aims to offer systematic assistance to companies that seek to explore generative AI but find themselves uncertain about where to begin. Its programs, consisting of Gen AI Tour, Gen AI Discovery Workshop and Gen AI Prototyping, showcase potential applications of generative AI across industries and value chains. Companies can experience the pro

Posco Group said Thursday that it was ready to resume the operation of its blast furnace No. 4 in Pohang, North Gyeongsang Province, at the end of June after months of refurbishment work. A blast furnace usually undergoes maintenance every 15 years, during which its operation is suspended to undergo thorough performance and safety checkups and facility upgrades. The No. 4 furnace, completed in 1981, underwent refurbishments in 1994 and 2010. The current third refurbishment started on Feb. 23 to

LG CNS said Tuesday it will host a contest that targets talented individuals in the field of mathematical optimization for bundle deliveries. Co-organized with the Korean Institute of Industrial Engineers, Optimization Grand Challenge 2024 aims to nurture exceptional talents in mathematical optimization and foster broader social interest in the field. Mathematical optimization involves finding the most efficient solution by considering all possible scenarios under current resources and condition

Samsung SDI said Monday that it is showcasing its latest battery products, including cylindrical batteries, at this week’s China Cycle 2024, one of the largest bicycle and motorcycle exhibitions that is marking its 32nd year. The four-day event kicked off Sunday in Shanghai, with some 1,700 businesses joining, up 40 percent from a year ago. Under the slogan “Already, All Ready,” Samsung SDI introduces a diverse lineup of cylindrical batteries specifically designed for micro-mob

Mercedes-Benz Financial Services Korea announced Thursday that Thomas Waggershauser, an automotive finance expert, has been appointed as its new CEO. The new Korea chief is an industry veteran with a career spanning 20 years at Mercedes-Benz Mobility, the financial service company affiliated with Mercedes-Benz Group. Prior to his appointment, he served as the head of overseas and Greater China market management at Mercedes-Benz Mobility in Stuttgart, Germany, where Mercedes-Benz is headquartered

South Korean construction giant GS Engineering & Construction announced Tuesday that it has won a contract worth 600 billion won ($435 million) to build a new liquefied natural gas terminal in Yeosu, South Jeolla Province. The Northeast Asia LNG Hub Terminal Project aims to establish a large-scale energy storage facility in the southwestern city of Yeosu. Expected to take about 42 months, the project will involve the construction of two LNG storage tanks, each with a capacity of 200,000 kilo

South Korea’s Hyosung Heavy Industries announced Monday that it has been recognized as a tier-1 supplier of energy storage systems by BNEF or Bloomberg New Energy Finance, a market research firm specializing in the renewable energy sector. The firm has now been included in the top-tier list for two consecutive quarters. “It is meaningful that a Korean firm has won the industrial recognition in the global ESS market that is dominated by Chinese rivals,” said a Hyosung Heavy offi

Korea M&A Exchange, Korea's premier M&A trading platform, has successfully secured a 500 million yen ($3.35 million) investment from Nihon M&A Center, Japan's leading M&A trading platform. A ceremony to mark the agreement between Korea M&A Exchange and Nihon M&A Center was held Thursday at Korea M&A Exchange headquarters in Yeouido, Seoul. As part of the agreement, Nihon M&A Center will acquire approximately 10 percent of Korea M&A Exchange's sh