Author: Seoul Reporter

[ad_1] Yoo In-jeong (first from left), govt managing director of Hyosung Heavy Industries, Lim Ik-soon (third from left), govt managing director of Taihan Cable & Answer, and different officers from the 2 corporations take a commemorative photograph on the built-in energy resolution joint growth completion report assembly. (Photograph courtesy of Taihan Cable & Answer) Hyosung Heavy Industries and Taihan Cable & Answer introduced on Dec. 2 that they’ve accomplished the joint growth of an built-in energy resolution and are pursuing commercialization. The built-in energy resolution combines Hyosung Heavy Industries’ synthetic intelligence (AI)-based energy tools asset administration resolution…

[ad_1] Coupang Corp. headquarters in Songpa District, Seoul, Monday / YonhapAn enormous knowledge breach assault in opposition to e-commerce large Coupang that has affected over 30 million prospects’ knowledge lasted from June to November and concerned the exploitation of the corporate’s digital signature key, in keeping with officers Tuesday.”As we evaluate all log knowledge from July final yr to November this yr, we now have confirmed that non-public knowledge from greater than 30 million accounts was leaked,” Second Vice Minister Ryu Je-myung stated throughout a parliamentary session. “The assault was carried out from June 24 to Nov. 8.”He stated the…

[ad_1] The Nuri area rocket takes off from Naro Area Heart in Goheung, South Jeolla Province, Nov. 27. YonhapKorea’s area company stated Tuesday it has efficiently established communication with 9 of the 12 dice satellites deployed by the nation’s homegrown rocket Nuri final week.The 200-ton Nuri blasted off from Naro Area Heart within the nation’s southern coastal village of Goheung, South Jeolla Province, on Thursday final week, inserting 13 satellites, together with the principle CAS500-3, into orbit at an altitude of 600 kilometers.The principle satellite tv for pc established communication with Korea’s King Sejong Station in Antarctica shortly after deployment.In…

[ad_1] A pedestrian walks previous a fried rooster restaurant in Seoul, Nov. 9. YonhapThe federal government unveiled Tuesday measures to stop “shrinkflation” practices of fried rooster franchises and different processed meals producers, officers mentioned.The measures, collectively introduced by the Honest Commerce Fee and the ministries of meals security, agriculture, finance and SMEs, got here after a serious fried rooster model Kyochon 1991 lately got here beneath criticism for shrinkflation after it lowered the portion dimension of its boneless fried rooster menu by 30 p.c.Shrinkflation refers to a enterprise technique of firms decreasing the dimensions or amount of a product, whereas…

[ad_1] U.S. Secretary of Commerce Howard Lutnick speaks to the media previous to a gathering with European Commerce Ministers in Brussels, Belgium, Nov. 24. EPA-YonhapU.S. Commerce Secretary Howard Lutnick has confirmed that Washington’s 25 p.c tariffs on Korean autos have been lowered to fifteen p.c, efficient Nov. 1, beneath a bilateral commerce and funding deal.The lowered tariff was a part of the 2 nations’ commerce deal finalized on Oct. 29 throughout a summit between President Lee Jae Myung and U.S. President Donald Trump within the southeastern metropolis of Gyeongju.In a memorandum of understanding signed Nov. 14 on Korea’s pledge to…

[ad_1] Rep. Choo Kyung-ho of the primary opposition Individuals Energy Celebration speaks earlier than a parliamentary vote on a movement for his arrest on the Nationwide Meeting in Seoul, Nov. 27. YonhapA Seoul court docket is about to carry an arrest warrant listening to Tuesday for Individuals Energy Celebration (PPP) Rep. Choo Kyung-ho over his alleged position in former President Yoon Suk Yeol’s failed imposition of martial legislation.The listening to is scheduled to happen on the Seoul Central District Courtroom at 3 p.m. to find out whether or not Choo’s arrest is warranted on costs of enjoying a key position…

[ad_1] Bibigo product line up for exports / Courtesy of CJ CheiljedangKorean meals firm CJ Cheiljedang stated Tuesday it has partnered with Thailand’s largest retailer, CP Axtra, to broaden its Okay-food enterprise in Southeast Asian markets.CJ Cheiljedang signed a memorandum of understanding (MOU) with CP Axtra, an affiliate of Thai conglomerate CP Group, to introduce an expanded lineup of its “Bibigo” merchandise by the Thai firm’s gross sales networks.CP Axtra operates greater than 2,700 shops below its Makro warehouse chain and Lotus’ grocery store chain.The 2 firms plan to broaden their partnership into neighboring Southeast Asian markets, together with Malaysia…

[ad_1] Korea Truthful Commerce Fee Chairman Joo Byung-ki (Captured from YTN) Two international automotive elements suppliers that colluded for over seven years in bidding for automotive air vents provided to Hyundai Motor Co. and Kia Corp. have been sanctioned by the Korea Truthful Commerce Fee (KFTC). These corporations exploited their digital 100% monopoly of Hyundai Mobis’ orders to keep away from worth competitors by mutually guaranteeing one another’s current provide privileges. The KFTC introduced on Dec. 2 that it could impose corrective orders and a complete of 35.417 billion received in fines on Nifco Korea and Korea…

[ad_1] Samsung Electronics has unveiled the Galaxy Z Trifold, a three-panel foldable smartphone. It will likely be out there for expertise at 20 shops nationwide together with Samsung Gangnam from Dec. 9 and can go on sale from Dec. 12. (Photograph courtesy of Samsung Electronics) Samsung Electronics has unveiled the twice-folding smartphone Galaxy Z Trifold, marking the top of cell type issue innovation. This can be a strategic option to shake off pursuit from late entrants corresponding to China and display an amazing technological hole. This new product is anticipated to function a catalyst that may inject vitality into…

[ad_1] Han Du-heum, founder and CEO of Dongwon Textile, Korea’s final remaining saekdong weaving manufacturing facility, stands behind a textile-making machine at his manufacturing facility in Gongju, South Chungcheong Province, Nov. 24. Korea Instances picture by Choi Gained-suk GONGJU, South Chungcheong Province — On a crisp November morning at Dongwon Textile in Gongju, South Chungcheong Province, six colours of polyester thread had been fed right into a warp curler below the steerage of founder and CEO Han Du-heum. Beside it, two weaving machines steadily reworked the strands into “saekdong,” a standard Korean striped material identified for its vibrant bands of…