Growing dollar-backed stablecoin trades may destabilize Korean economy
Trading in dollar-backed stablecoins, cryptocurrencies pegged to the US currency, in South Korea hit a record high amid complex and costly currency ...
LG Group publishes 2023 ESG Report
LG Group announced on Thursday that it has published the "2023 ESG Report," detailing its sustainability management achievements in 2023 and its fut...
KT posts Q2 profit drops on pay raises, bonus payments
KT Corp., South Korea’s No. 1 telecom service provider, on Friday reported a 14.3% drop in second-quarter operating profit despite steady reve...
HMM starts to demonstrate OCCS for vessles
South Korea's HMM Co. announced on Tuesday that it installed and initiated a demonstration of the Onboard Carbon Capture and Storage System (OCCS) f...
Lotte Chilsung to reduce plastic usage by 20% by 2030
South Korea’s Lotte Chilsung Beverage announced on Thursday that it plans to reduce plastic usage by 20% by 2030 by decreasing the weight of p...
POSCO gears up for carbon-free steelmaking with hydrogen
POHANG, North Gyeongsang Province – POSCO, the world’s seventh-largest steelmaker, is set to significantly reduce emissions in the produ...
Korea's bet on US assets up on bull stocks, EV incentives
South Korea’s financial assets in the US hit a record high last year due to the US stock market rally and Korean companies’ capital inje...
Doosan Enerbility to introduce carbon reduction tech at Thai power plant
South Korea's Doosan Enerbility Co. plans to introduce carbon reduction technologies, including ammonia co-firing and carbon capture, utilization an...
Hyundai Glovis adopts system to meet US' green policies on car carriers
Hyundai Glovis Co., the world’s third-largest car shipping company, is set to introduce an emission reduction system for its vehicle carriers ...
Samsung Heavy unveils eco-friendly ships, AI tech in Europe
Samsung Heavy Industries Co., South Korea’s second-largest shipbuilder, showcased new eco-friendly ships and digital vessel technology to ride...
Daedong completes S.Korea's largest rooftop solar power plant
South Korea's Daedong Mobility announced on Friday that it has completed the construction of the largest rooftop solar power plant in the country at...
EV battery makers' silicon anode demand set for take-off
The global market of silicon anode, a lithium-ion battery component garnering attention due to its higher energy capacity and faster charging than g...
LG unveils new stick vacuum cleaner with 20% less weight
LG Electronics Inc. released the cost-effective wireless vacuum cleaner LG CordZero A9 Air on Monday, reducing product weight and price burdens.Th...
Samsung gets global carbon reduction certification for TV
Samsung Electronics Co. announced on Monday that its eight product series in 2024 Neo QLED 4K and 8K, OLED, and The Frame lineups have received th...
Digital infrastructure as essential as water today: asset managers
Digital assets are important components of change in the infrastructure investment landscape today and are as essential as water and electricity, ex...
Australia’s renewables speeding toward net zero: Palisade
Australia, among the largest carbon emitters globally, is embarking on a once-in-a-generation shift from heavy dependence on fossil fuels to the ele...
Dongkook Lifescience, Veolia team up for energy efficiency initiatives
Dongkook Lifescience Co., established through a spin-off from Dongkook Pharmaceutical Co. in May 2017, announced on Tuesday that it has entered into...
Citibank Korea’s H1 net profit more than doubles on-year
Global banking giants’ South Korean units saw their first-half earnings led by non-interest income and business expenditures. Citibank Korea&r...
GS E&C faces heavy loss in Q2 due to apartment reconstruction plan
GS Engineering & Construction Co., South Korea’s major construction firm, posted a quarterly operating loss in the April-June period for t...
Samsung Elec to enhance ties with LG at expense of BOE
Samsung Electronics Co., the world’s largest TV maker, is set to reduce the procurement of panels from BOE Technology Group Co., the global li...
Samsung C&T invests $7.5 mn in Canadian low-carbon concrete firm
South Korea's Samsung C&T Corp. announced on Wednesday that it has decided to invest $7.5 million (9.8 billion won) in CarbonCure Technologies I...
Samsung Heavy starts to construct ammonia test facility
South Korean shipbuilder Samsung Heavy Industries announced on Thursday that it has commenced the construction of an ammonia test facility at ...
POSCO, JSW discuss eco-friendly reduction steel production
Chairman of POSCO Group Choi Jeong-woo met with Sajjan Jindal, Chairman of JSW Steel, India's largest steel conglomerate, to discuss collaboration...
1% reduction in working-age population reduces GDP by 0.59%: report
A study has revealed that a decrease in the working-age population due to low birth rates and an aging population, coupled with an increase in the d...
Kia offers up to $7,500 in incentives in US for leasing EV6
South Korea's Kia Corp. is offering discounts of up to $7,500 in the US for leasing its electric compact crossover SUV line EV6 to boost its price c...
SK On to develop anode materials with Westwater Resources of US
South Korea's electric vehicle (EV) battery maker SK On and the American graphite company Westwater Resources will jointly develop anode materials f...
SK E&S to supply renewable electricity to BASF
South Korea’s SK E&S Co. will supply electricity generated from renewable energy to global chemical company BASF. SK E&S announced on...
Webcash launches AI accounting solution Wabooks in Vietnam
South Korea's Webcash Co. Group announced on Tuesday that it recently launched Wabooks, a Vietnamese version of the AI-powered accounting solution...
POSCO Group plans talks with former US diplomat
Former US Deputy Secretary of State Stephen Biegun will hold talks with Chairman Choi Jeong-woo of South Korea’s POSCO Group.They will discuss...
Samsung Electro-Mechanics releases 200-megapixel camera module
South Korea's Samsung Electro-Mechanics on Monday announced its release of a smartphone camera module with 200 megapixels and double the shake reduc...
