The Bank of Korea (BOK)'s Monetary Policy Committee set the benchmark interest rate at 1.25 percent per year, raising 0.25 percentage points at a meeting on Jan. 14, the first time this year.As a result, the Bank of Korea's key interest rate returned to the level in early 2020, before the COVID-19 e
POSCO held a memorandum of understanding (MOU) signing ceremony online on Jan. 7 to promote joint projects such as eco-friendly integrated steel mills with Adani Group in India.The signing ceremony was attended by POSCO Group Chairman Choi Jeong-woo, Steel Division Vice Chairman Kim Hak-dong, Chairm
Shinsegae Group Vice Chairman Chung Yong-jin's Instagram posts, which were expected to calm down after the controversy over "滅共 (myeolgong)" (eradication of communism), are increasing faster than ever. Three posts were posted only in the morning of Jan. 11.Vice Chairman Chung posted an article on In
The following is the fifth (Chapter 4 summary) in a series of articles on the book, entitled “Corporate Korea’.—Ed.By Kim Kwang-soohAfter undergone several hardships and instabilities for more than a decade since its Independence in 1945, Korea experienced the first oil shock in 1973 and second one
A recent poll showed on Jan. 6 that if the Presidential candidate Ahn Cheol-soo of the People Party becomes a unified Presidential candidate representing opposition parties, Ahn will lead the Democratic Party's Presidential candidate Lee Jae-myung outside the margin of error.According to a survey of
LG Display unveils its newest OLED TV technology ‘OLED EX’ on Dec. 29. The next-generation OLED EX display implements LG Display’s deuterium and personalized algorithm-based ‘EX Technology,’ which helps boost the innovative display’s overall picture quality.The OLED EX name is an acronym of ‘Evoluti
SK Innovation hosted a special year-end event titled “Charity Night Gala 2021” at Lotte Hotel, Seoul, on Dec. 28, 2021.The ambassadors from various countries and their spouses were invited to the event to enjoy the performances of the winners of “Great Music Festival” (GMF), the largest music festiv
Enzychem Lifesciences announced on Dec. 29 that it has begun a technology transfer process for the pDNA vaccine ZyCoV-D of Zydus Cadila in India.Recently, it secured detailed technical documents including manufacturing processes, raw and subsidiary materials, clinical and non-clinical data from Zydu
The labor and management at LG Chem and LG Energy Solution are staging the ’Sharing 10,000 Won’ campaign to spread warmth at the year-end.The companies will provide cold-weather supplies to the underprivileged in order to help overcome the winter cold, and are holding a blood donation campaign at al
In collaboration with Kolon Industries, SK Geo Centric (SKGC), a subsidiary of SK Innovation, plans to commercialize and launch PBAT, an eco-friendly biodegradable plastic material, the SKGC said on Dec. 22.SK Geo Centric is expanding its client base through supplying PBAT raw materials and its mark
LG’s newest premium monitors for 2022 will make their debut at CES 2022 at LG’s virtual press conference on January 4. Both LG UltraFine™ Display and LG DualUp Monitor offer sleek and practical designs, enhanced connectivity and superior user experience for both home and office workers, including cr
Former President Park Geun-hye, who is serving a 20-year prison term after she was convicted on bribery and other criminal charges, will be released on a special pardon. It has been about four years and nine months since she was arrested on March 31, 2017.However, former President Lee Myung-bak was
Park Cha-hoon, the current chairman of the Korean Federation of Community Credit Cooperatives (KFCC), succeeded in serving a second term in the 18th KFCC chairman election.Chairman Park became the third case of a second term since 1995 when a former member of the KFCC was elected as the head.The ele
SK Earthon has proposed to sharpen the competitive edge of E&P business with carbon reduction operation, and secure technology specialized in CCS business & expedite excavating the domestic and overseas reservesIn a keynote address for the Energy & Mineral Resources Development Symposium 2021 held i
LG Chem and LG Energy Solution will team up with the North America’s largest battery recycling company, ‘Li-Cycle,’ to accelerate its market leadership in the battery recycling sector.Regarding this, LG Chem and LG Energy Solution announced on Dec. 15 that it participated in the paid-in capital incr
Hanwha Defense (Australia) has signed a contract with the Commonwealth of Australia for the supply of its Huntsman AS9 self-propelled artillery system to the Australian Army.The contract signature was announced on Dec. 13 by Prime Minister of Australia Hon Scott Morrison and President Moon Jae-in at
Samsung Electronics and Viettel have started 5G commercial trials in Da Nang, the largest city in the Central Vietnam region, the electronics maker said on Dec. 13.In the trial, Viettel is using Samsung’s advanced 5G solutions to power its commercial network and to enable users in Da Nang to experie
LG Electronics announced the availability of Google’s cloud gaming service Stadia on its Smart TVs running webOS 5.0 and webOS 6.0 in 22 countries, the company said on Dec. 8.Native support of Stadia gameplay on LG Smart TVs helps deliver instant access to high-end games with support for exceptional
Samsung Electronics ranked fourth out of 150 companies in the World Benchmarking Alliance (WBA)’s Digital Inclusion Benchmark in 2021, the company announced on Dec. 8.Samsung’s consistent, multifaceted efforts to be digitally responsible have earned the achievement from global tenth place in 2020 to
LG Chem has demonstrated that the company’s product Zemiglo has a strong blood sugar lowering effect on patients with difficulty in controlling blood sugar levels.LG Chem announced on Dec. 7 that it participated in the IDF Congress held online as an abstract presenter and revealed the results of the