The Consumers Union of Korea (CUK) revealed on Feb. 1 that consumer complaints related to AliExpress, an e-commerce platform operated by China’s Alibaba, have surged significantly.According to the CUK, the Consumer Consultation recorded a fivefold increase in complaints related to AliExpress last ye
The world’s most efficient quantum dot (QD) solar cell has been developed by the Ulsan National Institute of Science and Technology (UNIST). A quantum dot solution and a device used in the development of the solar cell can maintain high performance even after long-term storage, taking a step closer
Sam Altman, the CEO of OpenAI and a key figure in the global spread of generative AI sparked by ChatGPT, is visiting South Korea on Jan. 26. This visit follows his recent proposal to shake up the industry with the establishment of a global AI semiconductor production network.According to the semicon
Pernod Ricard Korea Co., Ltd. (hereafter “Pernod Ricard Korea”) has announced that it is launching ‘The Glenlivet 21YO’, which offers unexampled softness based on The Glenlivet’s unique craftsmanship.This new product is a renewal of the existing ‘The Glenlivet 21 Year Old’. By applying a new whisky
South Korean ramen exports nearly reached US$1 billion last year. According to the Ministry of Agriculture, Food and Rural Affairs on Jan. 17, ramen exports stood at US$952.4 million last year and marked a whopping increase of 24.4 percent compared to the previous year. Ramen exports have been consi
The author, Hyungcho Chung, is the founder and CEO of Scomot -- Ed.What Is the Ishango Bone?The Ishango Bone is an ancient tool that is considered to be one of the oldest known calculators in the world. It was found in the Ishango region of the Democratic Republic of Congo and is estimated to be aro
Artist Dasom Park’s , which was held as the opening exhibition at Visaza, has been extended until January 5th of the new year after some time for rest and reorganization. This exhibition is a follow-up exhibition to artist Dasom Park’s
Nexon Korea, the operator of the online game MapleStory, is set to face a hefty fine of more than 10 billion won from the Korea Fair Trade Commission for selling game items with virtually zero chance of being won.The KFTC announced on Jan. 3 that it would impose a corrective order and a fine of 11.6
LG Electronics is set to unveil its brighter and clearer 2024 LG OLED evo TV, powered by a dedicated artificial intelligence (AI) processor, at CES 2024.At the world’s largest consumer electronics and information technology (IT) exhibition, CES 2024, to be held in Las Vegas, Nevada from Jan. 9 to 12
The Food and Drug Administration announced on Jan. 3 that it is currently suspending sales and recalling the Orion food company’s popular “Custard” snack after detecting food poisoning bacteria in the product. Custard is considered to be one of Orion’s signature products alongside Choco Pies.Accordi
SK hynix has embarked on strengthening its research and development (R&D) capabilities to enhance its high-performance NAND competitiveness by successively recruiting NAND flash memory experts from Intel with decades of experience.According to industry sources on Dec. 28, SK hynix America this month
LG Household & Health Care is set to introduce its beauty tech device IMPRINTU for the first time in North America. The company has garnered significant interest as it plans to reveal completely unique images created using artificial intelligence (AI) at CES 2024, which will be held for four days st
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Moving ahead, we expect to see further structural strengthening in CJ Logistics’ profitability, powered by a combination of higher parcel delivery volume, a widening sales portion for small parcels,
On Dec. 12, Canada’s renowned coffee brand, Tim Hortons, held a media event at its first domestic location, the Sinnonhyeon Station branch in the Gangnam district of Seoul. During the event, the company unveiled the reasons behind its entry into the South Korean market and discussed its strategies f
As expectations for a stock market rebound rise due to the complete ban on short selling, there is an increase in related funds in the market. With investor deposits recovering to 50 trillion won in just two months, there also seems a surge in the balance of margin loans.According to the Korea Finan
LG Household & Health Care announced on Dec. 7 that it has recorded a 300 percent increase in sales about six months since launching its first cosmetics on Japan’s leading online shopping site Qoo10.LG Household & Health Care has been steadily launching LG Household & Health Care branded products on
Samsung C&T is leading the smart construction market by actively introducing robotic technology to replace high-risk tasks on construction sites. Notable examples include floor robots for access floor construction, anchor construction robots, and drilling robots.In 2021, Samsung C&T commercialized a
LG Energy Solution has successfully developed next-generation battery technology that enables a driving range of 900 kilometers on a single charge.On Dec. 7, a joint research team from LG Energy Solution and the Korea Advanced Institute of Science and Technology (KAIST) announced that they have deve
Samsung SDI is accelerating its pursuit of next-generation battery technology by establishing a new development organization aimed at solidifying its technological edge.On Dec. 7, the industry reported that Samsung SDI has conducted a regular organizational restructuring. Notably, this reorganizatio
Hyundai Engineering & Construction announced on Nov. 17 that they have won the Awards of Excellence and Honourable Mention in the apartment complex category and the playground design category, respectively, at the 2023 IFLA Award held at Futako Tamagawa Rise Studio & Hall in Tokyo, Japan.The winning