SEOUL, Aug. 4 (Korea Bizwire) — LG Chem Ltd. said Monday its biofuel joint venture established with Italy’s Enilive S.p.A. has started construction of South Korea’s first hydro-treated vegetable oil (HVO) plant, part of the company’s drive to expand sustainable chemical production. The joint venture, named LG-Eni Biorefining, held a groundbreaking ceremony at the HVO [...]
SEOUL, Aug. 4 (Korea Bizwire) — Thousands were forced to evacuate after heavy rains overnight pounded the nation’s southern regions, leaving one dead and eight others injured, authorities said Monday. A total of 2,559 people took refuge in the southern county of Sancheong due to the downpours that the Korea Meteorological Administration (KMA) described as [...]
SEOUL, Aug. 4 (Korea Bizwire) — The South Korean military on Monday started removing loudspeakers for propaganda broadcasts toward North Korea installed along the heavily fortified border, the defense ministry said, in Seoul’s latest efforts to reduce inter-Korean tensions. The move comes less than two months after President Lee Jae Myung ordered the suspension of [...]
SEOUL, Aug. 4 (Korea Bizwire) — Industry Minister Kim Jung-kwan reaffirmed government efforts to minimize the impact of U.S. tariffs on local industries in meetings with the chiefs of two major business lobby groups in Seoul on Monday while also delivering his gratitude for the business community’s efforts to help South Korea strike a trade [...]
SEOUL, Aug. 4 (Korea Bizwire) – Lotte Chilsung Beverage Co. said Monday its second-quarter net profit rose nearly 32 percent from a year earlier, driven by improved exports of key products. Net profit came to 27.7 billion won (US$20 million) for the April-June period, up 31.6 percent from a year earlier, the company said in [...]
SEOUL, Aug. 4 (Korea Bizwire) – Samsung Electronics Co. has launched a new companywide task force focused on artificial intelligence (AI) projects, part of a broader push to transform itself into an AI-focused company, according to industry sources Monday. According to the sources, the tech giant’s Device eXperience (DX) division has announced the establishment of [...]
SEOUL, July 25 (Korea Bizwire) – President Lee Jae Myung on Friday visited a factory where a worker was killed after getting caught in a machine, saying he will stop industrial accidents from repeating themselves. The plant in Siheung, some 30 kilometers southwest of Seoul, is where a woman in her 50s was killed in [...]
SEOUL, July 25 (Korea Bizwire) — K-pop boy group Stray Kids will release their fourth full-length album, “Karma,” next month, JYP Entertainment said Friday. The album, set for a 1 p.m. release on Aug. 22, marks their first full-length project since the chart-topping “5-Star” in June 2023. To build anticipation, the agency unveiled a futuristic [...]
SEOUL, July 25 (Korea Bizwire) — South Korea on Friday raised travel alerts for border regions of Thailand and Cambodia as the armed conflict between the two Southeast Asian countries is escalating over their longstanding territorial dispute. Beginning at 12 p.m., a “special travel advisory,” which advises nationals to refrain from traveling to or to [...]
SEOUL, July 25 (Korea Bizwire) — President Lee Jae Myung visited Busan on Friday and pledged to swiftly relocate the oceans ministry to the southeastern port city. The relocation of the Ministry of Oceans and Fisheries from the central city of Sejong was one of Lee’s campaign pledges. “I will swiftly execute the relocation of [...]