State-backed outfit strives to strengthen consumer protection
The Korea Deposit Insurance Corporation (KDIC) announced on March 8 that the entity had worked on the idea of expanding the coverage of deposit insurance.
KDIC President Yoo Jae-hoon made the remarks during a...
Two countries will encourage development of hydrogen economy
H2Korea announced on March 9 that the state-backed organization would hold a conference about the hydrogen economy next week, along with delegates from the Netherlands.
Organized by the parliamentary hydrogen economy forum and...
AMCHAM encourages member corporations to follow its suit
The American Chamber of Commerce in Korea (AMCHAM) announced on March 8 that it would donate to Korean victims of forced workers during Japan’s colonial rule in 1910-45.
The organization said that it...
Korean outfit strives to support kids in Seoul
South Kora’s Sampyo Group announced on March 6 that the outfit had donated satchels and school supplies to needy children in Seoul in time with the new semester.
The donated ones would be...
Free network connection speed will more than double
South Korea’s top telecom company KT announced on March 2 that it had joined hands with U.S. chipmaker Intel to introduce Wi-Fi 7 technology, which is more than two times faster than...
Korean retail giant turns profit for 2 straight quarters
South Korean online retailer Coupang announced on March 1 that it had chalked up record sales last year at $20.58 billion, up 26 percent from a year before.
The 2022 net loss...
Preed vies to become total life-care company
According to Statistics Korea, the number of those who are aged 65 or older is expected to reach 10 million by the mid-decade, making the country one of the fastest-aging societies in the...
BAT Rothmans recognized for work-family life balance
GPTW Korea announced on Feb. 27 that the outfit had picked the recipients of its annual award, dubbed the ‘2023 the Top 100 Great Workplaces in Korea.’
Many corporations won multiple rewards. Among them,...
Two firms will cooperate to churn out biological materials for EVs
South Korea’s Samyang Corp. announced on Feb. 22 that it had joined forces with local start-up Nano Tim to develop eco-friendly materials for electric vehicles.
The Seoul-based company noted that...
New software due for ready-mixed concrete business
South Kora’s Sampyo Group announced on Feb. 21 that it had joined hands with local software program company DFocus to come up with dedicated ERP and MES programs.
By integrating and automating the two...
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Samsung to spend $230 billion to build 5 new factories
Korean firm strives to remain ahead of the curve
South Korea’s Samsung Electronics announced on March 15 that it would invest $230 billion to build...
