Monday
January 20, 2020
Monday
Gangnam-gu, South Korea
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Economy
Height, weight and marital status discrimination limits expanded
It may soon be illegal to hire based on height, weight or marital status.
U.S. reminds Korea of the risks of dealing with Huawei
The United States has sent another message to Korea about the use of Huawei equipment and technology. This time, the warning came via the Korean-language Voice of America (VOA) website. The report was not published in English.
Ban on exports of fabric used in masks to be lifted
Korea said Tuesday it will lift the export ban on nonwoven fabrics this week that are used to produce protective masks as the domestic supply of the materials and masks stabilized.
Tech
SK Telecom signs partnership to take AR content to Hong Kong
SK Telecom will export content created from its mixed reality studio to different countries, hoping that the popularity of K-pop and interest in virtual reality (VR) and augmented reality (AR) will generate a fresh source of revenue.
SoCar is first Korean mobility start-up valued over 1 trillion won
Car-sharing app SoCar became the first mobility start-up in Korea to be valued above 1 trillion won ($873 billion), the company said Friday.
Joint venture will combine Uber technology, SKT network
After the failure of both its ride hailing and food delivery operations in Korea, Uber is taking a new approach to the local market — this time in partnership with telecommunications operator SK Telecom.
In-depth
[Post-Covid-19 New Normal] Covid-19 speeds up Korea’s migration to the cloud
A tech-driven concert by K-pop boy band BTS shows how the coronavirus pandemic has pushed cloud technology to the next level — and on a whole new scale.
[Post-Covid-19 New Normal] Focus shifts to 6G as digitization speeds up
With the coronavirus driving digitization, the conversation has already shifted to the futuristic 6G network, even though its predecessor 5G is still just a pipe dream in many parts of the world.
[Post-Covid-19 New Normal] Transport gets personal as commuters try to avoid infection
There can't be many cities with more comprehensive public transport than Seoul.
Industry
Halloween at Homeplus
Models pose with Halloween-related merchandise at Homeplus’ Gangseo branch in western Seoul on Wednesday.
LG Chem reports strong third quarter as net rises 315.8%
LG Chem’s net profit rose 315.8 percent in the third quarter while operating profit was up 158.7 percent as the company deals with reports of fires in Hyundai Motor and Chevrolet cars using its batteries.
Batteries are back
This is the first time in two months that Coex is holding an exhibition after the government implemented stricter social distancing in August due to a resurgence of the coronavirus pandemic.
Finance
Stocks gain for third day on hopes for U.S. stimulus
Stocks extended gains for a third consecutive session Wednesday as investors held out optimism for progress in the U.S. stimulus talks. The won rose against the dollar.
Lime Asset Management loses business registration
The Financial Supervisory Service (FSS) revoked the registration of Lime Asset Management Tuesday evening for deceiving investors and causing huge financial losses.
Once No. 2 on the Kosdaq, Helixmith could now be delisted
Once the No. 2 company on the Kosdaq in terms of market capitalization, bio firm Helixmith is on the verge of being delisted after it lost a huge amount of money over the last five years through a series of risky investments.
Sponsored Reports
[SPONSORED REPORTS] SK Broadband makes plans for data center hub
Due to the worldwide spread of Covid-19, internet usage and data traffic including contactless services, online lessons and streaming services have been increasing rapidly. Zoom, the popular web conference solution for instance,...
[SPONSORED REPORTS] Hanwha E&C signs tripartite memorandum
Hanwha Engineering & Construction (Hanwha E&C), Hansung PC Construction, and ESEN Design & Tech signed a jointed precast concrete method research and development memorandum on Oct. 8.Hansung PC Construction is Korea’s biggest...
[SPONSORED REPORTS] Hyundai Glovis signs environment-friendly deals
With more companies acclimatizing to environmental, social and corporate governance management, Hyundai Glovis is readying itself for the changing atmosphere.On the environmental level, Hyundai Glovis is doing its part by...
