LG Electronics CEO says working on strategic 'playbook' to navigate uncertainties in 2025

LG Electronics CEO Cho Joo-wan urged employees on Wednesday to embrace a mindset of "preparing for the worst and hoping for the best" to navigate a new year marked by uncertainties. During the year-end talk with employees, dubbed "CEO Fun Talk," Cho shared detailed insights into anticipated changes in the global business environment for 2025, amid intensifying global competition and supply chain issues. "A crisis is a combination of risk and opportunity. In times of cris

IndustryDec. 18, 2024

Hyundai Motor sales chief urges record year-end production

Lee Dong-suk, head of domestic sales and chief strategic officer at Hyundai Motor Group, has called on employees to push for record-breaking year-end production despite business disruptions, the company said Wednesday. “The most pressing issue is that (both international and domestic uncertainties) are raising concerns among global investors and customers. These factors are likely to impact us directly, leading to fears of hurting (the company’s) sales volume and a diminishing corpor

MobilityDec. 18, 2024

Samsung to present AI-driven appliances at CES 2025

Samsung Electronics announced Wednesday that it will unveil a new lineup of home appliances powered by artificial intelligence at CES, the world’s largest tech trade show taking place in Las Vegas from Jan. 7-10, 2025. The lineup includes AI-driven refrigerators, washing machines and dryers designed to streamline household tasks and enhance connectivity. Central to these devices is Samsung’s “AI Home” solution, which allows users to remotely monitor and control all compat

IndustryDec. 18, 2024

Constitutional Court tells Yoon to submit Cabinet meeting minutes

The Constitutional Court of Korea said Wednesday that it had requested President Yoon Suk Yeol submit the minutes of the Cabinet meeting held just prior to the Dec. 3 martial law declaration, as well as other evidence, by Dec. 24. The court, which is tasked with upholding or overturning Yoon’s impeachment, told the press that it sent an email to Yoon on Tuesday regarding the order and asked him to submit a copy of the martial law decree, a list of evidence and a plan to prove the case agai

Social AffairsDec. 18, 2024

Dongsuh enriches communities through music and literature

Korean food and beverage manufacturer Dongsuh Foods said Wednesday that it is expanding efforts to give back to local communities through cultural initiatives in music and literature. Since 2008, Dongsuh Foods has hosted the Dongsuh Coffee Classic, an annual free concert series aimed at fostering cultural development and community engagement. Touring cities nationwide, the event partners with local orchestras and musicians, attracting over 18,000 attendees to date, according to Dongsuh. This yea

IndustryDec. 18, 2024

Death penalty sought for culprits in 'Pattaya barrel murder' case

South Korean prosecutors are requesting the death penalty for two Korean men accused of murdering a Korean tourist in Thailand and discarding the body, court officials said Wednesday. The prosecution requested the Changwon District Court in South Gyeongsang Province to hand down capital punishment to the 39-year-old man surnamed Kim and his 27-year-old accomplice surnamed Lee for charges including murder during robbery, discarding of a body and attempted extortion. Officials requested a life s

Social AffairsDec. 18, 2024

Woori Bank’s Indonesian unit provides $200m funding for Posco

Korean lender Woori Bank announced Wednesday that its Indonesian subsidiary has signed a memorandum of understanding to provide financial support for PT Krakatau Posco, the Indonesian joint venture of Korea’s steel giant Posco. With plans to offer $200 million in funding, Bank Woori Saudara will support PT Krakatau Posco in areas such as operating funds, supply chain financing, exchange rate hedging and employee loans. Posco is expected to enhance its cost efficiency and maintain financial

IndustryDec. 18, 2024

Address to be removed from inoculation records to protect children from abusive parents

The South Korean government announced Wednesday that it is seeking to remove addresses from inoculation documents, in a bid to prevent abusive parents from tracking down their separated children. The Korea Disease Control and Prevention Agency issued a notification regarding a legislative proposal on revising the Enforcement Decree of the Infectious Disease Control and Prevention Act, which it says will help protect children who have left abusive homes. According to the agency, there had been

Social AffairsDec. 18, 2024

NK casualties reported in Ukraine war

North Korean forces have suffered hundreds of casualties in the conflict between Russia and Ukraine, according to estimates by an unnamed US official. In the Kursk region of Russia, which has been partly occupied by Ukrainian forces, a US official was quoted as saying by news reports Tuesday that "several hundred casualties is our latest estimate that (North Korea) has suffered." Around 10,000 North Korean troops are believed to have been deployed to engage in combat alongside Russian

PoliticsDec. 18, 2024

South Korea’s curling dream slides off course

South Korea’s curling stadium in Gyeonggi Province, hailed as the largest in Asia, has been ruled unfit to host the 2025 World Women’s Curling Championship due to a seating capacity. The World Curling Federation has determined that the facility in Uijeongbu does not meet the requirements to host the international sports event, as it offers only 120 spectator seats. While the stadium impresses with its technical features, it falls far short of the 900 seats required for a world cham

More SportsDec. 18, 2024

2NE1 to celebrate 15th anniversary with limited-edition LP of hits

Legendary girl group 2NE1 is releasing a limited-edition LP in commemoration of the 15th anniversary of its debut. The 2NE1 "15th Anniversary Best LP" will feature some of the group’s most iconic tracks, starting with the debut song “Fire,” as well as hits like “I Don’t Care,” “Can’t Nobody,” “Go Away,” “Slow,” “I Am The Best,” “Ugly,” “Lonely” and “Missing You.&rdquo

K-popDec. 18, 2024

'Text hip': From book covers to book tails, accessories make reading cool

Book stands and other reading accessories that hold your book in a comfortable viewing position have long been favorites for many readers. Now, trendy accessories, from the practical to the cozy and cute, are making waves among bibliophiles by making the hobby not only more enjoyable, but also aesthetically pleasing. Among the most popular "dokseotem," a portmanteau of the Korean word for reading and the English word "item," are book covers. Available in a variety of styles

CultureDec. 18, 2024

Military brought live ammunition to parliament during martial law: report

Troops mobilized under the Dec. 3 martial law decree brought with them thousands of rounds of live ammunition for their operations, reports revealed Tuesday. The 707th Special Missions Group of the Army's Special Warfare Command brought 3,960 live ammunition rounds, 1,980 blank rounds and 100 cartridges for stun guns when they were deployed to the National Assembly, the National Election Commission and other areas across Seoul on the night of Dec. 3-4. It was also reported by local broadc

Social AffairsDec. 18, 2024

Trade minister highlights need to work with like-minded nations to overcome uncertainties

Trade Minister Cheong In-kyo on Wednesday emphasized the importance of a robust multilateral trading system to support the country's strong exports and stable supply chains amid growing global uncertainties, including the launch of a new US administration. Cheong made the remark during a virtual meeting with government officials, where participants discussed ways to address trade uncertainties through methods beyond bilateral agreements, according to the Ministry of Trade, Industry and Ener

EconomyDec. 18, 2024

S. Korea to ease regulations, enabling new hydrogen charging stations

South Korea's industry ministry said Wednesday the country plans to implement eased regulations for hydrogen charging stations next year in line with efforts to support the sector's ecosystem. The set of new rules is reflected in the revised high-pressure gas safety control act, which will be implemented in May, focusing on lowering barriers for building new hydrogen charging stations, according to the Ministry of Trade, Industry and Energy. Under the updated guideline, the required sa

EconomyDec. 18, 2024

Ex-military commander gives up on arrest warrant hearing

A former chief of the Defense Intelligence Command suspected of being involved in President Yoon Suk Yeol's Dec. 3 martial law declaration has given up attending his arrest warrant hearing, police officials said Wednesday. Former DIC commander Noh Sang-won has expressed an intent not to attend the hearing scheduled to begin at the Seoul Central District Court at 3 p.m. on Wednesday, the officials said. He was taken into police custody earlier this week on suspicion of drafting the martial l

PoliticsDec. 18, 2024

Martial law, treason, insurrection: When news suddenly felt like foreign language

For many young Koreans, the events following President Yoon Suk Yeol’s martial law declaration were not only bewildering in their context, but also jarring in terms of the language being employed. Terms that once seemed confined to history books and law textbooks -- "martial law," "treason," "insurgency," "insurrection," "anti-state forces" -- suddenly crossed over into daily news. The vocabulary felt foreign to many young Koreans, while th

Social AffairsDec. 18, 2024

Leaders of ruling, opposition parties to meet Wednesday afternoon

The leaders of Korea's two main parties are expected to discuss matters related to President Yoon Suk Yeol's impeachment, the opposition's involvement in the state affairs and the appointment of key government and judiciary figures during their meeting Wednesday afternoon. Filling the three vacant seats on the Constitutional Court and allowing the main opposition to participate in state affairs are expected to be in the agenda for the meeting. Kwon Seong-dong, the acting chairman

PoliticsDec. 18, 2024

Military to conduct defense drills against NK drones this week

The South Korean military said Wednesday it will carry out drills this week aimed at sharpening its response capabilities against potential North Korean drone infiltrations as part of efforts to deter provocations from North Korea. The exercise, scheduled for Thursday afternoon, will simulate an attack by the North involving multiple drones in the East Sea and the Yellow Sea, as well as rear areas, according to the Joint Chiefs of Staff. Participating units, including the Army Ground Operations

DefenseDec. 18, 2024

[영어답게 표현하기] 유용한 비즈니스 영어 표현들

이번 회에는 저희 책 Advanced Vocab에서 소개한 중상급 영단어들을 알려드립니다. 단어의 우리말 뜻을 기억하는 데에 그치지 않고, 난이도 있는 단어를 실제로 활용하는 단계까지 나아가 보기 바랍니다. 〈크기, 규모, 강도의 증가〉 1. annex [ǽneks] 합병하다 an(ad, to의 뜻)+nex(connection의 -nection과 같은 어원으로 ‘묶는다’는 의미)로 구성된 단어다. 특히 한 국가가 다른 국가를 병합한다는 뜻을 지닌다. 본 건물에 딸린 ‘부속 건물’을 일컫기도 한다. Japan prefers to think of its invasion and colonization of Korea as an annexation. 일본은 조선 침략과 식민화를 합병으로 생각하고 싶어 한다. ● 교회는 청년부 예배를 위한 별관을 건축 중이다. The church was in the process of buildi

English EyeDec. 18, 2024