More than 4 million fans gathered to watch a match featuring legendary soccer players hosted by Nexon, the game developer that published the FIFA Online series, the firm said Friday. For the Nexon Icons Match event, held at Seoul World Cup Stadium from Oct. 19-20, players were split into two teams -- former forwards played for FC Spear while defenders joined Shield UTD. A total of 64,210 fans attended the event, many of whom wore the players’ classic uniforms. The event drew an online view

Hyundai Glovis, Hyundai Motor Group's logistics and distribution subsidiary, said Thursday that it has equipped its automobile carriers with a fire suppression system to prevent potential incidents while delivering electric vehicles. The EV-Drill Lance system is designed to quench electric vehicle fires. High-pressure water flowing from a fire hydrant spins turbines, enabling the drill to pierce to the bottom of a car. Water can then flow into the battery pack and fully extinguish the fire

South Korean pharmaceutical company SK Bioscience said Wednesday that its SKYCellflu has become the first influenza vaccine from Korea approved by the Food and Drug Agency of Indonesia. Indonesia’s pharmaceutical market has been growing significantly. According to market tracker Insights10, the country’s flu vaccine market is expected to increase from $38.5 million in 2022 to $69.1 million by 2030. Due to its geography spanning both the Northern and Southern hemispheres, Indonesia re

The organizers of the 5th Korea-ASEAN Business Model Competition for SDGs, held in Indonesia, said Tuesday that the event attracted a wide range of startups and small and medium-sized enterprises from South Korea and ASEAN countries. This year's contest aimed to foster innovative solutions to achieve the United Nations Sustainable Development Goals, with two Korean companies securing first and second place. The plant-based food startup Millennial Flavor Town won $6,000 for its eco-friendly

Hyundai Engineering & Construction said Tuesday that it has signed a memorandum of understanding with the government of South Australia at the company's headquarters in Jongno-gu, central Seoul. Hyundai E&C and the South Australian government will jointly carry out projects related to renewable energy, infrastructure and housing development. The agreement comes as South Australian government officials and company leaders visited Korea to promote cooperation on infrastructure for net

KB Kookmin Bank said on Sunday that services will begin on Monday at its new branches in Chennai and Pune as the Korean bank seeks to expand its footing in the Indian market. Chennai, the largest city in southern India, serves as a major commercial and manufacturing hub, while Pune, in India’s western coastal region, is an emerging center for cutting-edge industries such as information technology and biotechnology. Including its Gurugram branch, which opened in 2019, KB Kookmin Bank now ha

Shinhan Financial Group announced Thursday it has signed a memorandum of understanding with China's Bank of Communications to enable its SOL Travel Card users to make payments using QR codes in China. The Bank of Communications, one of China’s five state-owned commercial banks, ranked ninth in The Banker’s 2023 Top 1000 World Banks. Its Seoul branch serves as the only designated renminbi clearing bank in Korea, managing settlements in yuan on behalf of other institutions. As par

South Korean steel giant Posco Group announced Wednesday that Chairman Chang In-hwa has joined the executive committee of the World Steel Association. The World Steel Association, consisting of 155 members ranging from global steelmakers to research institutes, aims to enhance profitability in the steel industry. Over the next three years, Chang will work on key issues such as low-carbon technology, the environment and safety. At the WSA executive committee meeting Sunday, leaders of the global

Manpower Korea, the Korean unit of global human resources service company ManpowerGroup, said Tuesday that its recruitment process outsourcing, or RPO, service has seen robust growth since its debut 10 years ago. When the RPO service was first introduced in Korea in the early 2000s, they mainly served multinational companies entering the Korean market. But the service has secured a bigger footing here in recent years as both domestic and global companies struggle to respond effectively to drasti

인력 파견 전문기업 맨파워코리아는 15일 자사의 채용 프로세스 아웃소싱(RPO) 서비스가 10주년을 맞이했다고 밝혔다. RPO 서비스는 전문 기관이 기업의 채용 과정 전체를 도맡아 효율적으로 관리하는 서비스이다. 맨파워코리아의 RPO 서비스는 채용 과정을 하나의 프로젝트처럼 운영한다. 10년 이상의 경력을 가진 전문가들이 고객의 요구에 맞게 팀을 구성하고 정해진 시간과 비용 안에서 프로젝트를 진행한다. 이를 통해 기업의 인사 담당자가 핵심 업무에 집중할 수 있게 돕는 등 기업의 전체의 전략적 목표 달성에 기여하고 있다는 설명이다. 맨파워코리아는 2014년 글로벌 반도체 기업 L사와 대규모 프로젝트를 진행한 이후, RPO 서비스 부문 매출에서 1,200%의 성장을 기록했다. 최근에는 미국의 3대 반도체 기업에서 일할 90명의 엔지니어를 채용하는 프로젝트를 진행 중이며, 3개월 만에 목표의 절반 이상을 달성했다. RPO 프로젝트를 이끄는 해리슨 김 수석은 “반도체 업계에서 리

South Korean bakery giant SPC Group announced Monday that it has nominated Executive Managing Director Lim Byung-sun as its new CEO. Lim, a business management specialist, has previously served as an executive at Shinsegae Group and its affiliates, including Shinsegae Casa and its department stores. SPC is set to appoint Lim as CEO by the end of this week. Lim will manage the group's business sectors including human resources, legal, corporate relations, compliance and public relations. Lim

Korean logistics company LX Pantos announced Thursday that its CEO Lee Yong-ho met with Marat Karabaev, Kazakhstan’s minister of industry and infrastructure development, in Astana last month, to strengthen logistics networks across Central Asia. According to the company, the consultation centered on enhancing cooperation on cargo transport along the Trans-Caspian International Transport Route. The TITR links Europe and Central Asia via the Caspian Sea, bypassing Russian territorial waters.

Korean travel platform operator Yanolja said Tuesday that it is ramping up global efforts to enhance its artificial intelligence-based travel solutions by securing extensive travel data. Its data solutions affiliate Yanolja Cloud Solution has recently relocated its headquarters to an information technology hub in Surat, India, to recruit local tech talent and advance its travel solutions. The decision comes as the Indian unit plays a key role in collecting travel data from numerous transactions

South Korea's leading contract development and manufacturing organization Samsung Biologics said Monday it will participate in Europe’s largest bio conference, the Convention on Pharmaceutical Ingredients Worldwide 2024. The CPHI, one of the biggest bio conferences, is held annually in major European markets. This year, it takes place in Milan from Tuesday to Thursday, with over 2,400 companies from 166 countries and 62,000 attendees expected to join. Samsung has been setting up its e

McDonald's Korea said Sunday that it has received a commendation from the Ministry of Health and Welfare for its ongoing efforts to improve job security for senior citizens. The award ceremony was held Wednesday in Seoul to mark the 28th National Day of Older Persons here. The hamburger chain has established “inclusivity” as one of its core corporate values, aiming to promote diversity and equal opportunities. Since 2011, in particular, the company has developed jobs specificall

Serenity Golf and Resort said Monday that it will serve as a venue for the second annual junior golf tournament, Seri Pak & Annika Invitational Asia, in Cheongju, North Chungcheong Province, from Oct.1 to 3. Aiming to nurture young talent, the event is jointly organized by the Seri Pak Hope Foundation and the Annika Foundation with support from the Royal and Ancient and the Korea Golf Association. The 78 participants, aged 13 to 18, include top Asian players from the World Amateur Golf Ranki

South Korean energy, retail and construction giant GS Group said Friday it hosted its GenAI Connect Day workshop at its Yeoksam headquarters to share global trends in artificial intelligence. The event was jointly organized with LlamaIndex, a San Francisco-based company specializing in AI services for large language model applications. In Silicon Valley, LlamaIndex is acknowledged as one of the key innovators in the generative AI industry. Pierre-Loic Doulcet, founding engineer of LlamaIndex, an

South Korean steel giant Posco Group said Friday that it hosted two work camps for university students in North Gyeongsang Province and South Jeolla Province from July to August. The company annually recruits university students for its volunteer group, called Beyond. This year, 50 students from 40 Korean universities worked in various voluntary activities to address environmental and social issues. In July, the volunteers planted 400 magnolia seedlings at Baekdudaegan National Arboretum, creati

Posco International, the trading and energy arm of Posco Group, said Thursday that it has signed a memorandum of understanding with the East Asian-Australasian Flyway Partnership to join forces for biodiversity. Under the agreement signed Wednesday at the Songdo Posco Tower in Incheon, Posco will partner with the EAAFP to carry out projects that preserve domestic and foreign habitats of black-faced spoonbills. EAAFP, established in 2006, is an international organization dedicated to the conserva

The Citi Foundation, affiliated with Citibank Korea, announced Wednesday it has chosen Habitat for Humanity Korea as a recipient of the 2024 Global Innovation Challenge, which supports solutions that combat homelessness. Habitat for Humanity Korea, one of the recipient 50 community organizations worldwide, will receive $500,000 in catalytic funding. In total, the Citi Foundation will donate $25 million to address the global issue. “Since launching the inaugural Global Innovation Challenge