More chaebol groups are expected to join a business roundtable meeting held on the sidelines of summit talks between Presidents Yoon Suk-yeol and Joe Biden later this week in reflection of the growing presence of Korean businesses spending big in the US recently. The US president is scheduled to arrive in Seoul on Friday for his three-day state visit. His summit talks with Yoon are set to be held on Saturday. Even though full details of his itinerary still remain under wraps, expectations ar

Even 100 days after South Korea’s new industrial safety law has come into effect, almost 7 out of 10 companies here say they still cannot fully understand the law and face difficulty complying with it, a survey showed Sunday. According to a survey on 930 local companies by the Korea Chamber of Commerce and Industry, 68.7 percent said they still have a hard time coming up with countermeasures to respond to the new law aimed at better protecting workers from fatal industrial accidents. On

Following the government’s eased rules on COVID-19 testing for travelers, air carriers are bracing for the summer holiday season as they reopen suspended international routes and refurbish cargo planes to carry passengers.  On Sunday, the country’s largest flag carrier Korean Air announced that it is adding more than 30 flights per week to Europe and US routes from next month.  The number of flights to popular destinations such as San Francisco, Vancouver, London, Amster

South Korean tech giant Samsung Electronics Co. said Sunday it will launch a limited edition of the Galaxy Z Fold3 handset in collaboration with homegrown design brand Muziktiger. The Muziktiger edition, to go on sale from Monday, is priced at 1,280,400 won (US$997). The new edition comes with the handset device, a clear cover and Muziktiger accessories, including a key ring and a pop socket. The Muziktiger edition will be available on Samsung Electronic's website, Galaxy Campus Store, and local

South Koreans find therapeutic aspects of care farming a life-changing experience

Samsung Electronics Co. is considering raising chipmaking prices by up to 20 percent, a news report said Friday. Bloomberg reported the South Korean chipmaker is in talks with foundry clients to hike the contract chipmaking prices. Samsung spokespersons, contacted by Yonhap, said they could not officially comment on the matter. Samsung is the world's largest memory chip maker and second largest contract chip manufacturers after Taiwan's TSMC. Samsung's foundry business achieved its highest q

LG Household & Health Care (H&H) Ltd., a major South Korean producer of cosmetic and health care products, said Friday it has opened a new research and development (R&D) center in Hokkaido, Japan, focusing on microbiome beauty products. LG H&H said Hokkaido provides the optimal environment for conducting research on useful strains of microbiomes -- which refers to the collection of bacteria, fungi and other microbes that naturally live on the human body -- and is equipped with in

Watermelons are on sale at a traditional market in Seoul on Thursday as temperature went up to 28 degrees Celcius during the day, hotter than the usual.

Korea Aerospace Industries is seeking to expand to Central Europe, the firm said Thursday, as it promoted the homegrown FA-50 light attack fighter during the International Defense Exhibition Bratislava 2022 in Slovakia. “We are prioritizing looking for new markets in Central Europe for FA-50 as the recent accelerated formation of a new Cold War structure is resulting in an increase of defense spending to realize self-defense in many parts of the world,” said a KAI official. The na

South Korean e-commerce giant Coupang Inc. said Thursday its first-quarter operating loss narrowed sharply from a year earlier thanks to record sales. Its operating loss stood at $205.7 million in the January-March period, down 23 percent from a year earlier, the New York-listed e-commerce behemoth said in a regulatory filing. The drastic improvement came as its sales reached a quarterly high in the three-month period amid a global economic recovery from the fallout of the coronavirus pandemic.

Mercedes-Benz and six other carmakers will voluntarily recall nearly 12,000 vehicles to fix software errors and part defects, Seoul's transport ministry said Thursday. Mercedes-Benz Korea will recall 7,598 cars from eight models, including the S 580 4MATIC, as software flaws in their rear signal acquisition and actuation module could cause the malfunction of blinkers, hazard lights and reversing lights, according to the Ministry of Land, Infrastructure and Transport. Toyota Motor Korea will reca

South Korean food company CJ CheilJedang said Tuesday that it will launch 20 products this year that “vibe” with millennials and Generation Z. From high-fiber cookies that look like virtual asset coins to porridge packed in Marvel and Toy Story characters, a team of young CJ employees came up with products made for health-conscious and design-sensitive young adults, according to the company. For its new marketing strategy directly targeting customers in their 20s and 30s, the food

By 2025, flying taxis, or urban air mobility (UAM) vehicles, in South Korea could be accessed at gas stations located near major cities. Oil refiner GS Caltex, along with five leading companies in telecom, mobility and airline businesses, have formed a consortium to jump into the future mobility market together on Tuesday. The five other firms are telecom company LG Uplus, taxi-hailing app Kakao Mobility, domestic drone solutions company Pablo Air, low-cost carrier Jeju Air, and British UAM man

Korea Chamber of Commerce and Industry Chairman Chey Tae-won on Wednesday stressed his desire to help mend the frayed ties between Seoul and Tokyo, saying their partnership will play a role in tackling ongoing geopolitical uncertainties. “Amid ever-changing global situations, hit by supply chain disruptions and the Russia-Ukraine war, the bilateral partnership between South Korea and Japan has become more crucial than ever,” Chey said at a luncheon with a group of Japanese lawmaker

Jeju Air Co., South Korea's biggest budget carrier, said Wednesday it has joined a consortium to provide urban air mobility (UAM) services in efforts to find a new growth driver. Jeju Air and five others formed the consortium to participate in the transport ministry-led K-UAM Grand Challenge project in the next two years to commercialize the UAM services by 2025, Jeju Air said in a statement. The five other firms are local refiner GS Caltex Corp., No. 3 telecom company LG Uplus, taxi-hailin