Seoul-based content distribution company RNR Inc.’s “Monoplex” is a type of theater where one can watch movies in a designated, personally-optimized space in places such as apartments, hotels, office buildings and more. Monoplex offers a bespoke theater experience which screens movie premieres at the same time as more widely known multiplexes in city centers. Ever since the outbreak of the COVID-19 pandemic, public interest in Monoplexes has surged, according to the company, as

Finding a pediatric clinic in South Korea has become increasingly difficult due to a continuing shortage of pediatricians, leading to longer wait times for patients to get treated. “It is very common to wait for dozens of people who made reservations before you,” Yoo, a mother of a 4-year-old boy, told The Korea Herald. Yoo, 35, who is living in Gyeonggi Province, said her child had a fever last week and had to take him to a local hospital. When she made a reservation at around 3 p.m

Fashion houses introduce young K-pop stars as their faces, join hands with street brands for younger brand image

South Korea's top trade official has discussed a variety of issues, including the Inflation Reduction Act (IRA), with the United States Trade Representative Katherine Tai, his ministry said Saturday. On the sidelines of a meeting of Asia Pacific Economic Cooperation (APEC) trade ministers in Detroit earlier this week, Trade Minister Ahn Duk-geun also discussed issues related to the US-led Indo-Pacific Economic Framework (IPEF). Ahn also held talks with China's Commerce Minister Wang

Daewoo Engineering & Construction announced Friday that Jungheung Group Vice Chairman Jung Won-ju will become chairperson of the company, starting June 1. Jungheung Group is the largest shareholder of Daewoo E&C with a controlling 50.75 percent stake after completing the acquisition process last year. Daewoo E&C said the latest change in its leadership has been made to boost its business in overseas markets. “The latest appointment as the company’s chairman will be a grea

Mirae Asset Global Investments said Friday that it held a gathering of executives worldwide to discuss the asset manager's future direction in the global exchange-traded fund business and to evaluate the current status of each market. With 70 CEOs and chief investment officers of Mirae Asset's overseas subsidiaries in attendance, ETF Rally 2023 took place from Monday to Wednesday in Seoul and Hongcheon, Gangwon Province. During the event, the executives introduced the ETF business in e

South Korea’s second-largest steelmaker said Friday that it has obtained a low-carbon product certification for its flagship H-beam steel product from the Ministry of Environment, the first to do so in the domestic steel industry. With the latest attainment, Hyundai Steel has secured Environmental Product Declaration certifications for a total of 13 products and a low-carbon product certification for one item. Low-carbon product certification is granted to products with carbon emissions be

South Korean internet giant Naver has carried out an extensive renewal of the interface of its search engine to maximize user experience for super-personalized results based on artificial intelligence, the company said Friday. Naver, which operates the country’s No. 1 web portal and search engine, said it has optimized the platform for AI search, responding to rising competition with the emergence of generative AI. Naver adopted the “Air Search” algorithm for its search engine

South Korean steel giant Posco said Thursday that the company completed a new high-strength steel plant in China in a preemptive measure to respond to soaring demand from the burgeoning Chinese electric vehicle market. The new facility, located at Posco-CSPC (China Suzhou Processing Center), is a plant specialized in producing “Giga Steel,” the brand name for Posco’s advanced ultra-high tensile strength steel. The company said the advanced high-strength steel product can withst

LG Electronics said Thursday it has kicked off mass production of electric vehicle chargers, officially tapping into the burgeoning market. Celebrating the production of its first EV charger, the company introduced four new models in the works at a ceremony at LG Digital Park in Pyeongtaek, Gyeonggi Province, Wednesday. During the event, the company announced the rebranding of its EV charger affiliate AppleMango to HiEV Charger. “The start of EV charger production marks a significant miles

Korean food makers have won in legal fights against Chinese counterfeiters in a series of lawsuits filed in China, according to the Korea Food Industry Association on Thursday. Of the total seven cases raised, the Chinese court recently ruled in favor of Korean firms in five cases at the first trial stage. Following the rulings, the Chinese companies in question are now required to pay compensation worth 250,000 yuan ($35,353) to CJ CheilJedang, 350,000 yuan to Samyang Food, and 200,000 yuan to

Colliers Korea, the Korean branch of the Canadian commercial real estate firm, said Wednesday that it has successfully closed three deals with a total value of $780 million. "By concluding these three transactions this month, my team has shown that there are still plenty of opportunities for the smart investors (in Seoul), despite the high-interest rate environment," Colliers Korea Managing Director Robert Wilkinson said in a statement. According to Colliers Korea, the deals encompass

Electric vehicle parts maker SK IE Technology has secured a green financing package loan worth $300 million from the International Finance Corp. for its planned production expansion in Poland. Of the total amount, two-thirds will come directly from the IFC, while the remainder will be offered by other private banks participating in the funding program. The newly secured investment will be used for the planned expansion of its lithium-ion battery separator (LiBS) plant in Poland, as part of its e

South Korean aerospace engineers have been inspecting the country's homegrown space rocket Nuri on Thursday following the last-minute cancellation of the scheduled launch over a computer glitch. The launch management committee, which oversees the entire process, called off the launch of Nuri on Wednesday after the engineers detected a communications problem between a launch control computer and a launch pad facility control computer about three hours before liftoff. The Ministry of Science and I

Dutch semiconductor equipment maker ASM held a groundbreaking ceremony for its second Korean manufacturing research innovation center, which will consist of an additional production line and expanded research and development facilities, in Hwaseong, Gyeonggi Province, on Wednesday. ASM President and CEO Benjamin Loh (eighth from left), ASM Korea CEO Kim Yong-gil (first from right) and Pauline Van der Meer Mohr (sixth from left), ASM's supervisory board chair, attended the event.