Big Hit Entertainment has joined hands with Kiswe Mobile, an American live streaming solution company.Big Hit and Kiswe announced on June 9 that Big Hit Global CEO Yoon Seok-joon and Kiswe Chairman and founder Kim Jong-hoon, and CEO Mike Shabel signed a memorandum of understanding (MOU) on June 8 an

Hyundai Heavy Industries (HHI) lost a compensation suit with the state over a defect in the 1,800-ton submarine "SonweonIl-ham," which was ordered by the Defense Acquisition Program Administration (DAPA). HHI is required to pay about 5.8 billion won (some $4.8 million) in compensation following the

Samsung Electronics today announced that it has received UL’s Zero Waste to Landfill validation of Gold level and above for all of its global semiconductor operation sites. This signifies that Samsung’s semiconductor sites in South Korea, US and China meet the requirement of more than 95-percent was

Starting from June 10, Korean Air will conduct "Back to Front"-style Zone Boarding for passengers on all domestic and international flights.Zone Boarding refers to the boarding which subdivides the zones in the aircraft and sets the order for passengers’ boarding according to the zone. Korean Air us

New Zealand's largest military support ship, which was built by Hyundai Heavy Industries, departed to New Zealand on June 10, a company spokesman said on June 10.Hyundai Heavy Industries held a ceremony at its headquarters in Ulsan on June 10 for the AOTEAROA, the latest 26,000-ton military supp

Lotte Group announced on June 9 that it donated 30,000 domestic diagnostic kits worth $240,000 (290 million won) to Indonesia's national natural disaster prevention administration (BNPB) as part of its social contribution efforts to prevent the spread of COVID-19. The donation was prepared by Lo

Korean Air and Asiana Airlines, which are in financial trouble due to the COVID-19 outbreak, are expected to post operating profits in the second quarter. Although passenger demand remains at rock bottom, analysts say that the explosive increase in cargo demand has offset sluggishness.According to f

Hanwha Group has secured a bridgehead for entering the hydrogen business with the listing of Nikola, a U.S. hydrogen truck maker, on the NASDAQ. This is because Hanwha Energy and Hanwha General Chemical, which invested a total of $100 million in 2018, are more likely to join Nikola's hydrogen tr

Bukwang Pharmaceutical said on June 8 that it has exported the sedative Midazolam to Luxembourg, France, for the treatment of COVID-19.With the continued spread of COVID-19 worldwide, the demand for anesthesia and sedatives for pain relief in patient treatment is also increasing worldwide.In April,

Emanuel Pastreich, president of the Asia Institute in Seoul, delivered a moving speech about the current economic, political and social crisis that has seized the United States at the Gwanghwamun Plaza in front of the American Embassy on June 9. It was the first time an American has made his first d

LG said on June 8 that it has taken action to support local NGOs and front-line employees at the forefront of each country, with the world suffering from COVID-19. While the current global health crisis has brought much of the world’s trade and commerce to a standstill, it has also had a very seriou

Shipments of Hyundai Motor's Genesis GV80 diesel car, which is experiencing engine tremors, will be suspended for a while. Hyundai Motor explained that the problem was caused by the accumulation of carbon and that there was no problem with safety.The move is interpreted as a result of the compan

The Seoul Metropolitan Government announced on June 6 that it has proposed 467.1 billion won (some $383 million) for compensation for the purchase of the land (37,000 square meters) in Songhyeon-dong, Jongno-gu, Seoul, which is owned by Korean Air, saying it will turn the land into a cultural park.O

* 엔지캠생명과학은 장기간 방사선에 노출된 우주비행사의 생명을 지키기 위해 추진 중인 프로젝트의 발표와 NASA 프로젝트의 평가를 준비 중이라고 4일 밝혔다.Enzychem Life Sciences announced on June 4 that it is preparing for the second final announcement of the Translational Research Institute for Space Health (TRISH) project and the second evaluation of the NASA pro

The prosecution, which is investigating suspicions surrounding the merger of Samsung C&T and Cheil Industries and the succession of Samsung's management control, requested an arrest warrant for Samsung Electronics Vice Chairman Lee Jae-yong.The Seoul Central District Prosecutors' Office file

Some consumers who bought Hyundai's new SUV, the Genesis GV80, complained that their new cars shake so badly that the steering wheel also shakes, the JTBC reported on June 3. Meanwhile, Hyundai Motor understands that some models have engine problems.“I'm driving on the road, and the stuff I

The Rural Development Administration (RDA) signed a memorandum of understanding (MOU) with the Ministry of Agriculture and Food Development of the Kyrgyz Republic on June 2 to cooperate with the Korea Program for International Cooperation in Agricultural Technology (KOPIA).Officials from both sides

Merck today announced an important milestone in its Bright Future transformation program for its Performance Materials business. Following the successful completion of the acquisitions of Versum Materials and Intermolecular, Semiconductor Solutions consisting of Semiconductor Materials and Delivery

Korea Development Bank (KDB) and the Export-Import Bank of Korea (Korea Eximbank) will provide an additional 1.2 trillion won (some $0.98 billion) to normalize the management of Doosan Heavy Industries & Construction.KDB and Korea Eximbank held a credit committee and an extended credit committee on

Samsung Heavy Industries announced on June 2 that it has signed a deed of agreement with Qatar Petroleum (QP) to guarantee the right to order large-scale LNG carriers.Samsung Heavy Industries CEO Nam Joon-woo and QP CEO and Qatar Energy Minister Saad Sherida Al-Kabbi held an event to mark the signin