Business

Chairman Cho Hyun-joon spearheads aggressive investment Carbon fiber, which is composed mostly of carbon atoms, refers to a state-of-the-art substance whose diameter is less than 10 micrometers. It has many advantages such as high stiffness and low weight. After recognizing the...

Missha maker chalks up profit in second quarter Able C&C, which owns South Korean cosmetics brand Missha, recently said that it swung to a profit in the second quarter of this year thanks to the brisk sales of new products. The...

NEXO fuel-cell SUV earns top safety pick award The 2019 Hyundai NEXO hydrogen fuel cell electric SUV has garnered a top safety pick+ award from the Insurance Institute for Highway Safety for vehicles built after last month. The NEXO, which is...

Korean tech giant takes 3D memory to new heights Despite Japan’s export curbs on high-tech materials used to make semiconductors in Korea, Samsung Electronics continues to come up with innovative products. The Seoul-based company announced this week that it began rolling...

Japanese apparel maker shuts down shops in downtown Seoul Uniqlo is closing down stores in Seoul, which leads to speculation that the Japanese clothing retailer reduces its operation in Korea amid Korean consumers’ boycott of made-in-Japan products. Uniqlo recently said that...

Samsung vows to launch foldable phones in two months Samsung Electronics vows to launch its bendable handset, the Galaxy Fold, this September. But suspicions are still abundant whether the futuristic smartphone will really hit the market in two months. The Seoul-based...

Clothing retailer sees its July sales dip 26% Uniqlo Korea issued an official apology in its Web site on July 22, but Koreans show no signs of wrapping up their boycott of Japan’s largest clothing brand. In fact, a mounting number...

Hanwha Robotics joins hands with Wipro Infra Hanwha Robotics recently signed a memorandum of understanding with Wipro Infrastructure Engineering to set up a sales and operations office in the world’s second-most populous country. Hanwha Robotics is the robot business division of...

Netizens keep criticizing Japanese casual wear maker In Korea, people are canceling their trips to Japan and boycotting Japanese products ranging from cigarettes, beers, pens, cameras, and movies to automobiles. The nationwide boycott of made-in-Japan products and services started early this...

Automaker tries to preempt competition for hybrid vehicles Hyundai Motor said July 19 that it has developed the world’s first Active Shift Control (ASC) transmission technology, which will improve hybrid vehicles. The Seoul-based company said that the innovative technology optimizes transmission...