Innospace strives to become space platform provider

Innospace, a local rocket startup, aims to grow into a leading space mobility platform company that sets the standard for the era of private space transportation, its founder and CEO…

Taihan suspected of stealing cable technologies from LS

LS considers lawsuit against industrial espionage Taihan Cable & Solution (C&S) faced a police investigation for alleged theft of LS Cable & System’s (C&S) technologies to produce high-voltage submarine cables,…

Korea’s chip exports reach all-time high in June

South Korea’s semiconductor exports soared to a record high in June, backed by strong global demand, data from the Trade Ministry showed Monday, helping the country’s exports to continue their…

KASA R&D chief stresses collaboration for safe lunar exploration

John Lee, deputy administrator of the mission directorates at the newly launched Korea AeroSpace Administration (KASA), emphasized the need for the international community to strengthen collaboration for sustainable and safe…

Business arrears of self-employed hits all-time high in Q1: report

The amount of overdue business loans taken by self-employed business owners in South Korea surpassed 10 trillion won ($7.2 billion) for the first time ever in the first quarter of…

Demand for cooling devices soars as summer heat arrives early

Samsung, LG, Coway operate plants at full capacity A 40-year-old man surnamed Park recently replaced his decades-old air conditioner with a new model. He opted for the latest energy-efficient model,…

Ronaldo says he is playing his ‘last European Championship’

Cristiano Ronaldo has confirmed this year’s European Championship will be the last of his career. The Portugal superstar, who is 39, is playing at the Euros for a record sixth…

Surge in young female fans drives KBO League toward record-breaking attendances

KBO League is on the verge of surpassing 6 million attendees in the first half of the season for the first time in its history. As of July 2, a…

Samsung Electronics union in South Korea declares strike

A workers’ union at Samsung Electronics in South Korea said on Monday it would launch a general strike until its demands for better pay and time off were met, warning…

LG Innotek gears up to turn vehicle sensor unit into $1.4 bil. business by 2030

LG Innotek is looking to grow its automotive sensor business to have a 2 trillion won ($1.4 billion) annual revenue by 2030, the company said Monday. “Based on the success…