Korean Air unveiled a special aircraft dedicated to endorsing Korea’s 2030 Busan World Expo bid during an event held at Incheon Airport on Wednesday. The aircraft, a Boeing 777-300ER, displays the image of world-renowned K-pop idol group Blackpink, bringing attention to and fostering support for the expo bid. “It is a great honor to be part of the nationwide efforts to raise awareness and gather support for Korea’s bid for the World Expo. We will fulfill our role as an ambassad

HD Hyundai CEO Chung Ki-sun recently visited several US subsidiaries to personally meet with and extend gratitude towards employees whose family members are Korean War veterans, according to the shipbuilding giant Sunday. As a member of an economic delegation accompanying President Yoon Suk Yeol on his state visit to the US, Chung visited HD Hyundai’s local operations in Alabama and Georgia. In particular, he met with six employees working at a HD Hyundai power transformer plant in Alabama

South Korea’s second-largest steelmaker Hyundai Steel on Wednesday disclosed its roadmap for carbon neutrality, dubbed “Pathway to Green Steel,” with an aim to achieve net zero by 2050. For its mid-term goal, the company renewed its commitment to reducing direct and indirect carbon emissions by 12 percent by 2030. “Advanced countries around the world are focusing on securing an earlier edge in the climate sector and protecting their own industries,” said Hyundai Ste

Renault Korea’s new QM6 SUV is more than just your typical SUV -- it is also equipped with the much-loved perks of a sedan. SUVs are usually known to offer a less comfortable riding experience compared to sedans due to the bigger tires causing higher road impact. With an improved power train, reduced noise, an upgraded exterior and additional convenience features, Renault’s QM6 presents a solution to this issue by keeping the performance and capabilities of an SUV while incorporating

South Korean construction giant Booyoung Group’s Founder and Chairman Lee Joong-keun was awarded the Medal of National Merit by Cambodian Prime Minister Hun Sen on Monday. The medal is the highest honor given by the Cambodian government and is awarded to those who have significantly contributed to national development. As a recipient of the medal, Chairman Lee was recognized for his leadership in many social contribution projects that Booyoung Group carried out throughout Cambodia. This in

Sportstoto Korea, the operator of the Korean sports betting game Sportstoto, said Monday that foreign residents can now sign up for the official online betting website of Sportstoto starting Thursday. Similar to horse race gambling, Sportstoto is a legal form of sports gambling in Korea in which participants receive sports promotion voting rights – commonly referred to as sports lottery tickets – to place their bets on match outcomes based on careful calculation and prediction. Betti

Hana Financial Group on Thursday held an award ceremony for the winners of its art contest for supporting and celebrating artists with developmental disorders. The ceremony of the contest dubbed “Hana Artverse” took place in commemoration of Korea’s 43rd National Day of People with Disabilities on Thursday. This is the second time the group hosted the multi-platform art contest to allow artists with developmental disabilities to showcase their talents and improve social awarene

South Korean fried chicken franchise Genesis BBQ said Wednesday it recently opened a new restaurant in California in an effort to further penetrate the American market. Labeled under the franchise’s brand name “bb.q Chicken,” it is its 35th outlet in California. The restaurant is located in a bustling business center called Callens Corner in the Orange County city of Fountain Valley. With schools, hospitals, churches and other public facilities in the area, Callens Corner is a

Philip Morris Korea, the Korean branch of US tobacco giant Philip Morris International, said Wednesday that Hanna Yun, former managing director of Philip Morris Australia, has been named its new chief. An industry veteran who has dedicated 27 years to working at Philip Morris and its numerous international branches, Yun is a leader with extensive experience in business strategy and finance, the company said. After majoring in finance at the University of Technology Sydney in Australia and receiv

SK Telecom announced Tuesday it would enter the American market by providing a next-generation broadcast solution built with mobile edge computing technology to Sinclair Broadcast Group, a provider of local news and sports coverage in the US. MEC refers to the real-time processing of large amounts of data by devices and applications close to end-user devices, rather than a centralized data hub. Incorporating MEC technology, SKT developed Petasus Media -- a combination of SKT’s MEC solution

South Korea’s Daewoong Pharmaceutical said Tuesday it has signed a deal with Sygnature Discovery, a UK-based discovery and preclinical solutions provider, to find potential candidates for autoimmune diseases treatment. Under the agreement, Daewoong Pharmaceutical will use Sygnature Discovery’s drug discovery technology, such as "fragment-based drug discovery," and virtual screening to find effective substances to use in treatments. “We are engaging in collaborations t

Korean construction company Woomi Construction said Monday it has signed a contract to invest in global asset management company Fifth Wall’s Real Estate Technology III for Early Stage Ventures Fund, also called Fund III, on March 31. This decision comes as part of Woomi’s efforts to continue investing in property technology, or proptech, and expand its foothold in the global investment sphere. Property technology refers to the application of information technology tools and the plat

A massive resort, Sun Beach Golf and Resort, will open in May 2024 at the coastal dune of Sindu-ri, Taean in South Chungcheong Province -- one of South Korea’s natural monuments. Spreading across a whopping 1.4 million square meters, the resort offers spaces for various purposes, including for businesses, social gatherings, health, leisure and vacation, according to developer Sindu Beach Development. The main feature of the resort is an 18-hole public golf course facing the beach along th

LG Chem said Thursday it has entered into a joint development agreement with US renewable chemicals and biofuels company Gevo to commercialize biopropylene, a raw material for bioplastics, by 2026. Under the agreement, the two companies will develop bioprorylene using Gevo’s patented technologies. Gevo’s Ethanol-to-Olefins, or ETO, conversion technology facilitates the production of low-carbon ethanol to renewable olefins, which can replace traditional olefins – petroleum-based

Posco Group said Wednesday it has signed a memorandum of understanding with Japanese carmaker Honda to shore up comprehensive cooperation in the field of electric vehicles. The signing took place at Posco’s Seoul headquarters on Tuesday, with top executives, including Posco Chairman Choi Jeong-woo and Honda CEO Toshihiro Mibe, in attendance. The two companies agreed to bolster their existing ties in steelmaking and extend the partnership to cover batteries for EVs, especially the developme

With the warm spring weather and blooming flowers encouraging more and more people to take trips, Muju Deogyusan Resort has announced a new accommodation package. Muju Deogyusan Resort, located in North Jeolla Province, offers a scenic view of Deogyusan Mountain and its surrounding nature all year long. It is the only comprehensive mountain resort that is located in a national park in Korea. Its new 2023 package is divided into two types – the Breakfast Package and Muju Package. Both optio

South Korean IT solutions provider LG CNS said Tuesday it is bolstering ties with US tech behemoth Microsoft to accelerate collaborations in artificial intelligence, the cloud-based digital transformation, known as DX for short, and other joint projects. According to the company, CEO Hyun Shin-gyoon met with Microsoft Executive Vice President and Chief Commercial Officer Judson Althoff at the US company’s headquarters in Redmond, Washington, last Thursday (local time) to attend a high-leve

South Korean drugmaker Celltrion confirmed the safety and efficacy of its biosimilar version of Xolair, which treats asthma and urticaria, in a phase 3 clinical trial, the firm said on Monday. CT-P39 references Xolair, or omalizumab, a therapy jointly developed by global biotech company Genentech and healthcare company Novartis. Xolair is mainly used to treat allergic asthma and chronic urticaria, or hives, as well as nasal polyps. Global sales of the medication reached approximately 5 trillion

LG Group, the nation’s fourth-largest conglomerate, has joined forces to promote Busan’s bid for the 2030 World Expo. During a week-long visit by an on-site inspection team from the Bureau International des Expositions (BIE), the intergovernmental regulating body for World Expos, LG is carrying out diverse promotional activities to raise spirits and support for the port city’s strong desire to host the Expo, one of the largest international gatherings. Since the BIE delegation&

South Korea's bid to host the World Expo in Busan envisions the event morphing into a global platform providing solutions for the pressing challenges faced by the post-pandemic world. Under the theme of “Transforming Our World, Navigating Toward a Better Future," Busan aims to lead the global fair to take a great leap forward to become a venue of discussions needed for radical transformation like climate change, polarization and digitization. In the past, Expo themes were typical