LG Innotek said Wednesday it is showcasing its innovative semiconductor substrates at this week's KPCA Show 2024, held at the Songdo Convensia in Incheon, from Wednesday to Friday. The KPCA Show is the largest annual exhibition of printed circuit board and electronic packaging, hosted by the Korea PBC and the Korea Printed Circuit Association for 21 years. LG Innotek plans to unveil its package substrate and tape substrate products along with high-value semiconductor substrates, called Flip

Industry Sept. 4, 2024

South Korean food and entertainment giant CJ Group said Tuesday that it will host a celebratory event on Wednesday to mark the return of Frieze Seoul, the Korean franchise of the international art fair. This year, Frize Seoul is being held Wednesday to Saturday at Coex in southern Seoul. On the first day, CJ will invite some 400 global cultural figures from home and abroad to a special gathering. Participants include foreign and domestic art professionals such as curators from art galleries and

Companies Sept. 3, 2024

HD Hyundai Oilbank, one of the nation’s top refiners, is ramping up research and development efforts to spur growth as a sustainable energy company. Based on its business know-how accumulated in its core refinery and petrochemical businesses, the company is making a strategic shift to boost its new growth drivers, including eco-friendly chemicals, materials and energy infrastructure. Back in 2011, HD Hyundai Oilbank established a central technology institute by integrating R&D teams na

Industry Aug. 30, 2024

South Korean real estate developer and builder Hyundai Development Company said Friday that it has seen an almost 90 percent surge in its share prices on upbeat earnings and positive credit ratings this year. As of Aug. 26, the stock price closed at 26,700 won ($20), an 87.9 percent growth from the beginning of this year. During the same period, the benchmark Kospi fell 5.44 percent. Among the nation’s top 10 construction companies, the growth rate was the highest. Amid the recent rally of

Industry Aug. 30, 2024

South Korean mutual financial institution MG Community Credit Cooperatives said Thursday it has made efforts to improve its organizational culture by offering consulting services on labor and employment matters to its employees since last year. In the project, called MG Blue Wave, MG aims to examine and consult on the personnel management of its 560 branches until the end of this year. As of this month, some 394 branches have undergone such evaluation program since the beginning of last year. Th

Industry Aug. 29, 2024

South Korean drugmaker Dong-A Pharmaceutical said Thursday the company launched a new flavor of eye health supplement containing perilla herb for kids -- Minimax LAB Eyes Solution. According to a study released in 2017, researchers found that Perilla frutescens reduce near point of convergence values, which are indicators of eye fatigue. To evaluate the effects of Perilla extract, the research team divided 30 Korean participants into two groups, giving the extract to only one group. However, due

Industry Aug. 29, 2024

South Korea's largest beauty retailer CJ Olive Young said Wednesday the company will reduce the price of over 10,000 products by up to 70 percent for a week from Friday. The company has opened doors for the nation's smaller cosmetic makers. Olive Young plans to offer large discounts on numerous Korean beauty products, with medium-sized brands making up 80 percent of them. In June, cosmetic products from small and medium-sized enterprises ranked first to tenth in sales. During the event

Industry Aug. 28, 2024

Kwangu Bank, a South Korean bank affiliated with JB Financial Group, announced Tuesday the company has teamed up with Toss Bank, the internet-only lender, to launch the nation's first joint loan product. Kwangju Bank expects synergy by combining its know-how about private loans with Toss Bank’s extensive mobile platform. The new loan product, called Together Loan, also earned recognition as an innovative financial service from the Financial Services Commission in June. Customers can a

Industry Aug. 27, 2024

Korean IT service provider LG CNS said Tuesday the company has signed a memorandum of understanding with Seoul National University to nurture tech talents specialized in digital transformation or DX. Under the partnership, LG CNS will set up new talent training programs for SNU's master course in industrial engineering. The areas of study include mathematical optimization, artificial intelligence, big data and business consulting. The company will select top performers in the course next ye

Industry Aug. 27, 2024

Korean shipbuilding and offshore company Hanwha Ocean said Tuesday that it has secured some $5.07 billion in orders in the first half of this year with a strategic focus on high-value vessels such as LNG carriers. Under the contracts, Hanwha will build 26 high value-added ships – 16 LNG ships, two very large ammonia carriers (VLAC), one very large gas carrier (VLGC) and 7 very large crude oil carriers (VLCC) – scoring the highest contract amount in the merchant ship sector among dome

Industry Aug. 27, 2024

E-commerce giant Coupang announced Monday the company became the first domestic distributor to co-host a global hackathon event. Dubbed as "Hackseoul," the event, held on Saturday and Sunday, brought together some 200 software developers from 10 countries, including the US, Canada, Uzbekistan and India, at the company's headquarters in Songpa-gu, Seoul. AngelHack, a US-based company that has organized numerous hackathon events since 2011, designed the overall contest. The event wa

Industry Aug. 26, 2024

Korean food and beverage manufacturer Dongsuh Foods said Sunday it is ramping up marketing efforts to retain its unrivaled leadership in the nation’s instant coffee market. The company has topped instant coffee sales over the last three decades with its flagship Maxim Mocha brand. More recently, it has been diversifying its marketing strategy to appeal to a wide range of consumer groups and further boost sales of its best-selling products. Dongsuh has operated its flagship store, called Ma

Industry Aug. 25, 2024

Seomjae, a Seoul-based education solutions developer, announced Thursday that the company applied for three patents for its AI-based learning system earlier this month. One of the patents is an AI technology that automatically analyzes and summarizes online lectures and captures lecturers’ characteristics using a neural network system. The technology can offer personalized data to its users by systematically summarizing lecture content and carrying out an in-depth analysis of the lecturers

Industry Aug. 22, 2024

Korean home appliance-maker Coway has retained its No. 1 position in the nation’s water purifier market for almost three decades with its unrivaled filter technology. “Since the very beginning of our water purifier business, we have put intensive effort into enhancing the quality of water filters, one of the key components. Unlike most competitors, we can produce the products' main water filters on our own,” said a company official. With constant efforts to enhance the qua

Industry Aug. 22, 2024

LG Innotek, the advanced materials and components maker affiliated with LG Group, is speeding up efforts to recruit outstanding international students to enhance its global competitiveness. According to the company on Wednesday, a total of 31 international students either from foreign or Korean universities joined this year’s global internship program that was completed earlier this month. Under the five-week program, the students were allocated to diverse business divisions, including res

Industry Aug. 21, 2024