The Embassy of India and the Cultural Center of India in Seoul are jointly holding the Hindi card news competition from Jan. 10 through Feb. 15, 2023, the embassy said on Jan. 12.It said that this competition is only open for Korean nationals and all entries must have creative content on India-Korea
Regarding the power of the "Korean-style three-axis system" in response to North Korea's nuclear and missile programs, President Yoon Suk-yeol said on Jan. 11, "The most important way to prevent an attack is to firmly establish the Korea Massive Punishment and Retaliation (KMPR) ability that can ret
A former financial team leader who was put on trial for embezzling 221.5 billion won while working at Osstem Implant was sentenced to 35 years in prison and a fine of 30 million won.The Seoul Southern District Court's Criminal Settlement Division sentenced a 46-year-old man accused of embezzlement a
Hyundai Motor Group Chairman Chung Eui-sun recently met with Jose Fernandez, the U.S. Undersecretary of State for Economic Growth, Energy and Environment.According to the business community on Jan. 11, Chairman Chung had a discussion with Vice Minister Fernandez about the Inflation Reduction Act (IR
President Yoon Suk-yeol will visit the United Arab Emirates (UAE) for a state visit and Switzerland to attend the World Economic Forum in Davos.President Yoon will visit the UAE from Jan. 14 to 17 for a summit and state luncheon with UAE President Mohammed bin Zayed Al Nahyan, National Security Advi
POSCO Holdings has opened a "ChangeUp Ground Silicon Valley" office in Silicon Valley in the U.S. About 70 people attended the opening ceremony held at the Silicon Valley San Jose office on Jan. 10 (local time), including Park Sung-jin, POSCO Holdings' industry-academic cooperation manager, Lim Seun
North Korea ranked fourth in terms of scale of military force in the world after China, India, and the United States. However, military experts point out that the number of soldiers and actual combat power are separate.Radio Free Asia (RFA) reported on Jan. 9 that World Atlas, which provides world m
Lee Jae-myung, the leader of the main opposition Democratic Party (DP), appeared for questioning by prosecutors on Jan. 10 over his involvement in a bribery scandal surrounding the Seongnam FC, a football club, in Seongam City, Gyeonggi Province when he was the city mayor.Chairman Lee showed up at t
Norma, led by CEO Jung Hyeon-cheol, recently signed an MOU with Saudi Arabia's IT infrastructure company ITB and agreed to export solutions that are applied with Post Quantum Cryptography (PQC) technology.The export product will be the IoT security solution "Q Care" series applied with PQC, and the
SK Geo Centric, a subsidiary of SK Innovation, has signed a contract with British company Plastic Energy, which specializes in plastic pyrolysis, completing the “last puzzle” of the world’s first plastic recycling complex to be built in 2025. Amid a surge in demand for plastic recycled products worl
CEO William Cho of LG Electronics reiterated the company’s vision for the future as well as its strategy to strengthen business competitiveness during a press conference held especially for Korean media in Las Vegas, Nevada, the U.S. on Jan. 6.The CEO began by mentioning that, despite the uncertaint
Chairman Yoon Hong-gun of Genesis BBQ announced a drastic increase in the annual salary of new university graduates by 33% compared to the previous year, citing "Best Talent, Best Treatment, and Best Restaurant Company" as the value of management in 2023.Chairman Yoon declared on Jan. 4, "We will op
South Korea’s shipbuilding industry won home 37 percent (15.6 million compensated gross tonnage (CGT), USD 45.3 billion) of all orders worldwide, the Ministry of Trade, Industry and Energy (MOTIE) announced on Jan. 5.Korea’s market share grew 4 percent to 37 percent in 2022, which is meaningful cons
POSCO Group is implementing a Carbon Capture and Storage (CCS) project in Sarawak, Malaysia. POSCO Holdings signed a memorandum of understanding (MOU) with POSCO International, POSCO E&C, and PETROS on a carbon capture and storage project using depleted oil and gas fields at the Sarawak State Govern
Lee Jae-myung, the leader of the main opposition Democratic Party (DP), has decided to appear at a prosecutors' office for questioning at 10:30 a.m. on Jan. 10 in connection with a corruption investigation surrounding the Seongnam FC, a football club, a party spokesperson said on Jan. 6."Chairman Le
The Incheon Metropolitan Government plans to re-examine the historical significance of the Incheon Landing Operation and carry out a large-scale project to commemorate the Incheon Landing Operation starting next year.Incheon Metropolitan City Mayor Yoo Jeong-bok, who is on a business trip abroad, vi
The Ministry of Environment notified Hyundai Oilbank that it would impose a fine of 150.9 billion won by holding it responsible for unauthorized discharge of wastewater, it was confirmed on Jan. 5.It is the highest penalty ever for violating environmental-related laws, about one-third of Hyundai Oil
Hyundai Motor Group held a New Year town hall meeting on Jan. 3 at its Namyang R&D Center attended by executives and employees of Hyundai Motor Company and Kia Corporation.In their first face-to-face New Year meeting in three years, Chung Eui-sun, Executive Chair of Hyundai Motor Group, met with emp
Bosch will present several new sensor-based innovations for mobility – including the RideCare companion solution, which won a Best of Innovation Award from the industry association CTA, at CES 2023in Las Vegas, the U.S..The RideCare companion will play a critical part in the enhancement of safety fo
LG Electronics held its press conference, LG World Premiere, at the Mandalay Bay Convention Center in Las Vegas, Nevada, USA on Jan. 4, 2023. Under the theme of Life’s Good, CEO William Cho shared the company’s continuous efforts to create innovation for a better life and ensure a sustainable future