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Reporter : Kim Jae-heun
Sun, January 29, 2023 | 20:26
KT promotes domestic supply of Mongolian rare earths
KT will expand business cooperation with the Mongolian government to secure mineral resources, including rare earth elements to be imported to Korea, according to the company, Thursday. KT said Thursday it signed a strategic partnership with the Mongolian government to help realize the country's digitalization.
XM3 E-TECH Hybrid awarded for EV-like driving performance
Renault Korea Motors' XM3 E-TECH Hybrid has been selected as Hybrid SUV of the Year by the Automobile Writers' Association of Korea. The model is popular among local consumers for being an electric vehicle-like hybrid. The XM3 E-TECH Hybrid can run on up to 75 percent on electrical power and reach speeds of up to 50 kilometers per hour in normal conditions, which gives driver...
Why Korea imports so much kimchi from China
A 59-year-old housewife surnamed Lee has recently begun purchasing kimchi products made in China because they are cheaper than locally made ones. “As living costs rise in all aspects, I have been looking to cut expenses in any possible areas and food is one of them. Before, I would buy kimchi products made in Korea only,” Lee said.
CJ CheilJedang, Korea University to nurture talent in food, bio industries
CJ CheilJedang said Friday it has signed a memorandum of understanding with Korea University to foster talent in the food and bio industries.
Gmarket users report suspicious account activity
Gmarket, an e-commerce firm operated by E-mart, is in the hot seat over a possible massive cyberattack on its customers' personal accounts, according to industry officials, Friday. A number of users have posted on social media about recent attempts by unknown people purchasing products with their IDs. Some complained that gift cards they purchased online were used.
Soaring prices force consumers to tighten belts for holiday shopping
A 33-year-old housewife surnamed Park could not believe how much food prices have gone up while shopping for groceries for the Lunar New Year holiday, which falls on Jan. 22 this year. “I spent 100,000 won ($81.03) more than last year. All the prices increased, from meat to fruits and vegetables. I only purchased what I needed and just the right amount and it still cost me mo...
Paris Baguette opens store in Malaysia
SPC has opened its first Paris Baguette bakery cafe in Kuala Lumpur, six months after establishing a joint venture with local partner Berjaya Group to enter the Malaysian market, the company said Thursday. Korea's largest bakery operator plans to expand into the halal market of 1.9 billion people, including Southeast Asia and the Middle East, using its SPC Johor Bahru plant i...
Hyundai unveils new Kona compact SUV
Hyundai Motor introduced the latest model of its Kona subcompact SUV at Dongdaemun Design Plaza in Seoul, Tuesday. It is a fully changed second-generation model of the Kona series, which the carmaker originally launched in June 2017. “We want to present a higher standard of compact SUV with our all-new Kona, which has innovative marketability beyond the next level to change t...
SNU professor wins TJ Park Science Prize
POSCO TJ Park Foundation selected Park Je-geun, a professor at Seoul National University's Department of Physics & Astronomy and three more winners of the 2023 POSCO TJ Park Prize, during a board meeting on Wednesday. Park won the science award for establishing his own research field in the study of quantum information material synthesis.
Medytox to build botulinum toxin plant in UAE
Medytox plans to build a botulinum toxin plant in the United Arab Emirates (UAE), seeking to capitalize on the country's rapidly growing market for cosmetic beauty products.
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