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  • Companies

    CJ CheilJedang to roll out land-grown Korean seaweed

    CJ CheilJedang will roll out land-grown Korean seaweed through a new commercialization facility, as the company looks to capitalize on growing global demand for Korean seaweed while responding to rising seawater temperatures and other climate change-driven disruptions. The company said Monday it will establish the land-based farming facility in Cheonan, South Chungcheong Province, in August. The move marks a commercialization stage following the company's development of Korea’s first seaweed land farming technology in 2018, successfully cultivating seaweed in a 3-ton tank in 2021 and securing a dedicated seaweed variety in 2022. The facility is scheduled for completion in the first half of next year, and seaweed products produced there will be marketed under the Bibigo Seaweed brand. To support the project, CJ CheilJedang will establish cooperation programs with local governments and fishing communities. The facility will be equipped with multiple tanks and cultivation systems. Based on its proprietary seaweed variety, seaweed life cycle control technology and integrated quality manage

    2 MIN READBy Nam Hyun-woo
    CJ CheilJedang to roll out land-grown Korean seaweed
  • Companies

    SK Telink, KEPCO, Starlink Korea launch satellite network initiative for power grid emergencies

    2 MIN READBy Jhoo Dong-chan
    SK Telink, KEPCO, Starlink Korea launch satellite network initiative for power grid emergencies
  • Companies

    British Business Awards recognize innovation, excellence, community leadership

    3 MIN READBy Lee Gyu-lee
    British Business Awards recognize innovation, excellence, community leadership
  • Companies

    Shinsegae chairman to receive history lesson over 'Tank Day' fiasco

    3 MIN READBy Ko Dong-hwan
    Shinsegae chairman to receive history lesson over 'Tank Day' fiasco
  • Companies

    KT rolls out AI store assistant to break language barriers for int'l customers

    2 MIN READBy Lee Kyung-min
    KT rolls out AI store assistant to break language barriers for int'l customers
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Companies

Medytox's No. 3 factory allowed to produce Neuramis for Ukraine

Medytox’s No. 3 factory in Cheongju, North Chungcheong Province, has received approval from the Ukrainian Center for Medical Certification and Prognostication for the production and export of the company’s hyaluronic acid (HA) filler, Neuramis.

Aug 27, 2024By Park Jae-hyuk
Medytox's No. 3 factory allowed to produce Neuramis for Ukraine
Banking & Finance

JB Financial Group's Kwangju Bank, Toss Bank launch joint loan

Kwangju Bank and Toss Bank launched a joint loan product, the first of its kind in the Korean financial industry.

Aug 27, 2024By Yoon Ja-young
JB Financial Group's Kwangju Bank, Toss Bank launch joint loan
Companies

SK Innovation-SK E&S merger set to create biggest private energy firm in Asia

Shareholders of SK Innovation and its energy affiliate SK E&S on Tuesday overwhelmingly approved a proposed merger of the two companies that would create the largest private energy company in the Asia-Pacific region.

Aug 27, 2024By Yonhap
SK Innovation-SK E&S merger set to create biggest private energy firm in Asia
Companies

Combined net profit of credit card firms grows 5.8% in H1

Credit card companies in Korea saw their combined net profit rise from a year earlier in the first six months of the year, helped by an increase in sales, data showed Tuesday.

Aug 27, 2024By Yonhap
Combined net profit of credit card firms grows 5.8% in H1
Companies

Westinghouse protests Czech decision to pick S. Korea's KHNP as preferred bidder

A U.S. nuclear energy firm has filed an appeal with the Czech Republic to protest last month's decision to select a South Korean company as the preferred bidder to build two nuclear power units in the Central European country, it said Monday.

Aug 27, 2024By Yonhap
Westinghouse protests Czech decision to pick S. Korea's KHNP as preferred bidder
Companies

US agency to reexamine permit for Hyundai's $7.6 billion electric vehicle plant in Georgia

A federal agency plans to reassess its environmental permit for Hyundai's $7.6 billion electric vehicle plant in Georgia after a conservation group complained that regulators failed to properly examine the sprawling factory's potential impacts on the area's water supply.

Aug 27, 2024By AP
US agency to reexamine permit for Hyundai's $7.6 billion electric vehicle plant in Georgia
Companies

Samsung chief invests in young people for WorldSkills Lyon

The chief of Samsung Electronics is investing in the nation’s young people to prepare them for this year’s WorldSkills Competition, a biennial global event that will be held in Lyon, France, next month, according to the global company on Monday.

Aug 26, 2024By Ko Dong-hwan
Samsung chief invests in young people for WorldSkills Lyon
Banking & Finance

Government taps Chuseok holiday to boost private spending in H2

The government is rolling out a series of measures aimed at encouraging consumers to spend more on domestic goods and services during the Chuseok holiday and throughout the remainder of 2024.

Aug 26, 2024By Yi Whan-woo
Government taps Chuseok holiday to boost private spending in H2
Companies

POSCO starts unloading non-core assets

POSCO Group’s restructuring of unprofitable assets has begun, starting with POSCO Future M’s divestment from P&O Chemical, a joint venture with polysilicon maker OCI.

Aug 26, 2024By Park Jae-hyuk
POSCO starts unloading non-core assets
Companies

Coupang under antitrust regulator's probe over service bundling allegations

The antitrust regulator said Monday that it is looking into e-commerce giant Coupang regarding allegations that it has unfairly bundled its food delivery service and music streaming platform while raising membership fees.

Aug 26, 2024By Yonhap
Coupang under antitrust regulator's probe over service bundling allegations
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