South Korean design software developer Zyx Technology has globally launched its proprietary computer-aided design (CAD) application program, Works. Works offers approximately 270 utility functions tailored to various industries utilizing CAD. CAD is a computer program that generates two- or three-dimensional graphic representation. It is employed in various fields, such as computer animation, industrial, civil and architecture design. Notable features offered by Works are the multiplot feature,

HD Hyundai Samho, a shipbuilding division of HD Hyundai, said Wednesday it extended its vessel berthing facility to accommodate rising orders for high-value, eco-friendly ships. The company held a ceremony to celebrate the completion of its second dolphin quay earlier in the day at its shipyard in Yeongam-gun, South Jeolla Province. HD Hyundai Chairman Kwon Oh-gap and HD Hyundai Samho CEO Shin Hyun-dai joined the event, along with Mokpo Mayor Park Hong-ryul and Yeongam-gun's head, Woo Seu

SPC Group, the Korean operator of Baskin Robbins, said Wednesday that it is set to launch a new ice cream flavor co-developed by Google’s artificial intelligence model Gemini. The new flavor, named Tropical Summer Play, is Baskin Robbins’ first attempt globally to use AI to create an ice cream flavor. The Korean operator said the attempt comes as part of its business initiative to integrate AI and big data analytics into the food industry. “Through this project, we have confirm

The state-run Export-Import Bank of Korea said Monday that it will provide $150 million in project financing for a major solar power generation project in the United Arab Emirates, the first of such to be undertaken by South Korea. This financial procurement comes after the state-owned Korea Western Power Co.’s joint win of the bidding with EDF-Renewables, a subsidiary of Electricite de France, which will now fully organize the entire process of the project. Korea Eximbank has long expre

Posco Future M, the battery materials company affiliated with Posco Group, said Thursday it has conducted technical training for key employees of its joint venture project with General Motors in Quebec, Canada. A total of 21 members of Ultium CAM, the cathode material-making joint venture set up with the US auto giant General Motors in May 2022, participated in a monthlong program held at the firm’s training center in Seoul and its cathode materials plant in Pohang, North Gyeongsang Provin

The American Chamber of Commerce in Korea said Wednesday that it has kicked off the Young Professionals Program to empower emerging leaders and strengthen Korea-US ties. Hosted and supported by AmCham, YPP provides young professionals in their 20s and 30s with networking opportunities with industry leaders, government dignitaries and seasoned experts. This also sets the ground for delicate discussions on business initiatives and policies pertinent to AmCham member firms in Korea. AmCham Chairman

LS Cable & System said Tuesday that it has signed a deal worth 100 billion won ($72 million) with LS Power Grid California, a transmission network operator in the US. LS Power Grid California, a subsidy of LS Power -- a New York-based energy and power infrastructure operation and investment company -- will be a key partner in the venture. With the contract, LS Cable & System will be the first supplier of submarine cables to the western region of the US. The newly secured deal involves th

South Korea’s top tobacco maker KT&G on Monday released its 2023 business report, renewing its commitment to advancing its carbon neutrality goals and improving corporate governance. The report, an amalgam of its annual strategic reports and publications on activities tied to environmental, social, and governance, outlines a quantitative account of the company’s eco-friendly management vision and advancements in corporate governance. “Our ESG capabilities are the driving fo

Korea Exchange CEO Jeong Eun-bo held a roundtable meeting with mid-sized companies listed on the nation’s main bourse Kospi to encourage their active participation in the government-led corporate “value-up” program. This is the third meeting of its kind following Jeong's previous ones with large corporations and financial firms. Earlier this year, the government announced the value-up program aimed at elevating the undervalued stock prices of Korean firms, a phenomenon w

Samsung Electronics plans to unveil its highly anticipated next-generation Galaxy Z series infusing Galaxy AI at the upcoming event titled "Galaxy Unpacked 2024: Galaxy AI is Here” in Paris on July 10. The Korean tech giant released a teaser trailer through its YouTube channel on Wednesday, offering a tantalizing glimpse into the event that will be broadcast globally. The 15-second clip features iconic imagery of the Eiffel Tower, the Galaxy AI logo and a silhouette of Samsung’s

CJ CheilJedang, a leading South Korean food company, is signaling European expansion with the recent opening of its Bibigo brand store on Amazon Germany, the company said Tuesday. Opened last month, the brand store is featuring 19 products on Germany’s foremost e-commerce platform. The products include: seaweed snacks, dumplings and Korean sauces. Seaweed snacks, in particular, were launched first to meet the demand for more diverse, healthy snack options in the local market. CJ CheilJedan

South Korea’s government procurement agency said Monday that it has unveiled the emotionally evocative promotional video titled “K-Public Procurement, The Next Stage,” starring the nation's famed ballerina Kang Sue-jin. The video, now available on the Public Procurement Service's official YouTube channel, leverages the artistry of the Korean National Ballet to draw parallels between the elegance of ballet and the seamless integration of public procurement processes.

Aimed at helping employees achieve a better work-life balance, Hyundai Mobis, auto parts and service arm of Hyundai Motor Group, is offering series of support programs aiming to make it easier for employees to have children. The company has been running a day care center in Mabuk-dong, Yongin, Gyeonggi Province since last year. The four-story day care center provides diverse spaces where children can engage in both learning and play activities. The center features stairs, sinks and specialized p

South Korea's leading steel manufacturer, Posco, has carried out an emergency response drill at its Gwangyang plant to test the rapid recovery of mobile communication networks in the event of a disruption. The drill, held on June 13, was carried out in collaboration with the nation's three largest mobile carriers -- SK Telecom, KT Corp., and LG Uplus at the steel production facility in South Jeolla Province. This follows memorandum of understanding signed last year between Posco and th

HiteJinro, the nation’s No. 1 soju maker, has set its goal of hitting 500 billion won ($362 million) in soju sales overseas by 2030, an ambitious three-fold growth from last year. The new growth vision, marking the company’s centennial this year, was unveiled June 12 at a press conference held in Hanoi, Vietnam. Vietnam is also the home to its first overseas soju plant set for completion by 2026. Located on an 82,000-square-meter site within an industrial complex in Thai Binh Provinc

Hanjin Logistics Corp., an affiliate of domestic airline-to-logistics conglomerate Hanjin Group, said Monday it is expanding its logistics network in Europe with plans to launch two new locations, in Hungary and Morocco, this year alone. The new initiative follows an assessment of the market potential by Hanjin Logistics President and CEO Noh Sam-sug and President and Chief Marketing Officer Emily Cho during their recent visits to Germany, the Czech Republic and Norway. The company currently ope

Under the shared goal to tackle the climate crisis, Korea and Mongolia have been pioneering a greenbelt project, a testament to their relationship and a joint effort to rejuvenate desertifying landscapes. The beginning of the Korea-Mongolia Greenbelt Plantation Project dates back to 2006 when the Korea Forest Service, the nation’s forest agency, and Mongolia's Ministry of Environment and Tourism formalized their forestry cooperation to combat yellow dust and desertification prevention

Mirae Asset Financial Group said Friday that its founder and Chairman Park Hyeon-joo will be honored with the International Executive of the Year Award at the annual conference of the Academy of International Business slated for next month. AIB, an eminent association of international business scholars and professionals established in 1959, boasts a membership of over 3,400 individuals from approximately 90 countries. Park, who has been integral in transforming Mirae Asset Financial Group into a

The Korea Forest Service and the Kazakh government agreed to enhance bilateral cooperation in forestry management through a memorandum of understanding signed at the Presidential Palace in Astana, Kazakhstan, Wednesday. Under the agreement, formalized on the sidelines of the summit between Presidents Yoon Suk Yeol and Kazakh President Kassym-Jomart Tokayev, the two governments will work on forest disaster response, such as managing forest fires and promoting biodiversity through seed exchange an

Mirae Asset Global Investments, Korea’s leading asset management firm, has significantly expanded its global footprint, now managing over 580 exchange-traded funds with net assets totaling 170 trillion won ($133 billion). Since launching its first exchange-traded fund, Tiger ETF in 2006, Mirae Asset has grown into a formidable player in the global market, overcoming initial industrial skepticism toward a domestic financial firm. In 2011, it became the first Korean asset manager to list on