South Korean oil refiner GS Caltex said Friday that it has teamed up with national flag carrier Korean Air to promote the demonstration of Sustainable Aviation Fuel to reduce carbon emissions in the atmosphere. Through the partnership, GS Caltex will supply SAF -- an alternative to conventional fossil aviation fuel produced with biological and nonbiological resources -- to Korean Air on international flights departing from Incheon. The two signed a memorandum of understanding at GS Tower in Gang

A 31-year-old worker at a Costco outlet in Hanam, Gyeonggi Province, died of heatstroke after organizing shopping carts in the sweltering parking lot all-day last week, according to news reports Thursday. The worker, surnamed Kim, was on duty since 11 a.m. last Wednesday. He had to collect some 200 shopping carts every hour and move them towards the store entrance. He reported his unwell condition earlier in the day but was found collapsed at around 7 p.m. He was moved to a hospital but died of

Standard Chartered Bank Korea said Thursday that it is offering a promotion for new clients signing up for its Jaeil EZ account, promising first-time customers interest rates of up to 3.6 percent per year, even for just one day of deposit. The promotion, which launched on June 20 and runs until July 7, offers every new client 3,000 won ($2.28) worth of Naver Pay points, a points reward program of the country's largest portal. Customers need to agree to receiving mobile newsletters and mobil

AK Golf, the pioneering company that initiated online golf distribution in South Korea, has succeeded in driving golf popularization through innovative online distribution and a groundbreaking pricing system. The domestic golf equipment market used to be dominated by expensive offline stores in each region, creating a closed market. However, AK Golf revolutionized the purchasing experience by offering an innovative way for consumers who opt for rational consumption. By transforming the tradition

South Korean supplier relationship management vendor Emro has been leading the digitalization of the purchasing process between companies and their suppliers, improving accuracy and efficiency in overall procurement operations. Founded in 2000, Emro has been conducting next-generation procurement system projects with leading companies in various industries such as Samsung, Hyundai Motor, LG and SK. Through these projects, Emro has incorporated specialized purchasing processes and functions tailo

Established to concentrate on cultivating wine experts through its wine expert course, 1879 Gangnam Wine School aims to provide systematic and high-quality education through its sisterhood with Universite Du Vin, one of France's top three wine universities, founded in 1978. Since its opening in May 2007, Gangnam Wine School has operated its Wine CEO Master Course, with the 48 ongoing courses as of 2023. The 1879 Wine CEO Master Course is a wine culture program targeting CEOs, professionals

Posco Group Chairman Choi Jeong-woo held a series of meetings with key investors and business leaders in his recent visit to the US and Canada in a bid to strengthen ties, according to the company. Choi delivered a keynote speech at the Global Steel Dynamics Forum held in New York on Tuesday, during which he discussed the trends facing the steel industry and stressed the need for cross-border solidarity to seek sustainable growth. Organized by World Steel Dynamics, the forum was attended by glob

Starbucks Korea is putting forward a 2023 summer promotional event showcasing five gift items including side tables in three color options and two types of Starbucks-themed pans and plates until July 10 at its stores nationwide. The seasonal event, called the e-Frequency reward program, has been taking place biannually in South Korea since 2013, providing limited-edition goods to Starbucks members who purchase a total of 17 drinks, including three mission drinks. This year's theme, "Su

South Korean home appliance maker Coway is redefining the market with its innovative design and performance of its water purifiers. Its Icon Ice Water Purifier has gained attention with its comparably small size. With a width of 24 centimeters and a side length of 47.3 centimeters, the Icon water purifier can contribute to better kitchen space utilization. Available in ice white, pink, blue, and gray, the Icon Purifier boasts its ice-making speed, with each cycle taking only about 12 minutes and

Non-fungible token platform company Art Token announced Friday that it was sponsoring the ongoing "Proof of X" exhibition held in Tokyo from Saturday. The weeklong exhibiting highlights the harmonious integration of contemporary art, blockchain technology and NFTs. The exhibition aims to highlight the potential of NFTs and smart contracts in blockchain technology, exploring the transformative dynamics between artists, audiences, collectors and curators through interactive art that resp

South Korean supplier relationship management vendor Emro said Thursday it is making a foray into the global market by developing an integrated supply chain management platform in collaboration with Samsung SDS and US-based planning platform provider o9 Solutions. Amid the escalating trade rivalry between the US and China, the prolonged Russia-Ukraine war and a worldwide economic slowdown, managing one's global supply chain more effectively has become a key focus in corporate management, le

Information technology service provider LG CNS will accelerate business cooperation with Chung-Ang University to foster talent for its security business, the firm said on Tuesday. LG CNS signed an industry-academia cooperation agreement for manpower development in digital experience with Chung-Ang University on Monday at the LG Science Park in Gangseo-gu, Seoul. “As security is an essential element of DX implementation, we will concentrate on nurturing security experts to enhance the busin

June 17 marks the United Nations' World Day to Combat Desertification and Drought, commemorating the adoption of the United Nations Convention to Combat Desertification in 1994. The spread of desertification in Northeast Asia is not only a significant cause of springtime fine dust pollution in Korea but also a transborder issue affecting neighboring countries. In recent years, the incidence and scale of fine dust storms have been increasing due to climate change, desertification and drought

South Korean steelmaker Posco Holdings said Tuesday that it will produce lithium hydroxide for secondary battery materials using lithium reserves from Argentina’s salt lake, making it the first domestic company to do so. The groundbreaking ceremony for the lithium hydroxide production facility for secondary batteries took place at Yulchon 1st Industrial Complex in South Jeolla Province on Tuesday. The event was attended by the National Assembly's Special Committee on Advanced Strategy

South Korean chips giant SK hynix said Monday that the total social value generated by the company last year was 7.5 trillion won ($5.8 billion), down from the previous year by 1.9 trillion won, or 20 percent. Social value refers to the degree to which companies have contributed to solving or alleviating social problems facing stakeholders. Economic contributions of the company under SK Group accounted for the bulk of it positive social value at 7.7 trillion won, despite a downturn in the semico

South Korea’s top brewer, Oriental Brewery, announced Friday that it has proven its global quality standards by winning the "Superior Taste Award" in seven categories organized by the International Taste Institute this year. OB Beer's seven brands -- Cass Fresh, Hite, Cass Light, Cass 0.0, Cass White, OB Lager, and OMG -- received a total of 13 stars, with each brand being honored with an award. Cass Fresh and Cass Light have won the award for four consecutive years, while C

The Ministry of Land, Infrastructure and Transport estimates the repair cost of an Asiana Airlines aircraft that was forced open by a passenger mid-air, to be about 640 million won ($494,000), according to data released by a lawmaker Friday. In its interim probe, the ministry found the aircraft involved in the incident suffered damages to three areas, the emergency door and slides, according to data from the Transport Ministry received by office of Rep. Jang Chul-min of the main opposition Democ

Posco International announced Thursday that its subsidiary, Posco Mobility Solution, has signed a contract with Hyundai Motor Group to supply additional 2.5 million units of automotive motor cores for Hyundai's flagship electric vehicles, to be produced between 2025 and 2034. The latest deal came after two previous supply agreements Posco International signed with the Korean auto giant in November last year and January this year, under which the company would supply 3.4 million and 950,000

KB Financial Group said Wednesday that Chairman Yoon Jong-kyoo stressed the role of finance in achieving a net-zero transition at a meeting of the Asia-Pacific Advisory Board of the Glasgow Financial Alliance for Net Zero, or GFANZ, held in Singapore on Monday. The GFANZ is an alliance of over 550 financial institutions from 50 countries. Established in April 2021, the coalition aims to promote a net-zero economy and tackle climate change. Its Asian advisory committee was also set up in June las

South Korean cinema platform provider RNR Inc. is seeking to spur innovation in the nation’s film distribution industry by offering a unique business model based on a bespoke theater experience under the brand name, “Monoplex.” In a recent tech conference held in Seoul, its CEO, Ray Seok, stressed that the company’s theater business focuses on distributing content rather than operating large multiplex cinemas with multiple screens. The core of this business model is the