Naver Labs is emphasizing the importance of developing self-driving technology as its future value. Naver Labs held a press conference at the Dragon City Hotel in Seoul on June 25 and expressed its ambition to make the present an uncomfortable past through technological innovation.Naver Labs' pl

The prosecution has virtually concluded its investigation into alleged professional negligence as it additionally indicted a former SK Chemicals employee who made PHMG, a toxic substance used in Oxy's humidifier disinfectant.The Seoul Central District Prosecutors' Office on June 21 indicted

The case of Cho Hyun-ah, a 45-year-old former vice president of Korean Air who allegedly assaulted her husband and abused her child, has been handed over to the prosecution.The Seou Suseo Police Station said on June 26 that it sent Cho's alleged injury charge under the Criminal Law to the prosec

Shin Poong Pharm. said on June 26 that it has signed a contract with Neopharm, a Uzbekistan pharmaceutical company, to supply its drug to prevent or reduce post surgical adhesion formation, called "Medicurtain."According to the company, Shin Poong will exclusively supply Medicurtain to Uzbekistan, a

China Chain-Store & Franchise Association (CCFA), PwC, Inner Mongolia Kerchin, and VeChain, the Walmart China Blockchain Traceability Platform, built on the VeChainThor Blockchain, was announced at the 2019 China Products Safety Publicity Week Traceability System Construction Seminar on June 25, in

A representative council of residents of radon detected apartments has applied to the Korea Consumer Protection Board for the relief of radon damages against POSCO E&C.According to Rep. Lee Jeong-mi of the Justice Party, a member of the National Assembly's Environment and Labor Committee, the re

The Fair Trade Commission (FTC) said on June 25 that it imposed 52 million won in fines on McDonald's Korea along with a correction order as it did not entrust the franchise deposit to designated financial institutions and did not provide advance information disclosure letters to franchise hopef

For the second time this year, prosecutors have launched a raid on Hyundai and Kia Motors. The move is aimed at finding additional points of suspicion over the cover-up of production defects, including Theta II engine, and the alleged violation of recall rules. According to an official of Hyundai Mo

Netmarble (CEO Kwon Young-sik) announced that it will officially release BTS World at 176 countries through Apple's App Store and Google Play Store at 6 p.m. on June 26.BTS World is a storytelling-type incubating mobile game in which users will become the manager of BTS. It will return to the po

SK Hynix said on June 26 that it has developed and started production of world's first 128-layer 1Tbit Triple Level Cell (TLC) 4D NAND Flash Memory. This is the first success in eight months since the development of 96-layer 4D NAND flash memory in October last year. SK Hynix's 128-layer NAN

KT introduced a 360-degree camera that is hung on a neck and is optimized for single-person media.KT announced on June 25 that it will launch the world's first 5G wearable 360 camera called "FITT 360" in partnership with Linkflow. KT hosted the "5G Wearable 360 Camera Showcase" at the "onion ang

LG Uplus will join hands with U.S. PTC Corporation, a leader in global Internet of Things and augmented reality solutions, to develop smart agricultural services utilizing information and communication technologies.LG Uplus said on June 25 that it will develop a smart agricultural service called "Tr

SK Telecom (CEO Park Jung-ho) held "ai.x 2019" at Grand InterContinental Seoul Parnas on June 25. The "ai.x 2019" is a conference where global AI leaders and scholars from the artificial intelligence field gather to discuss the direction of AI's evolution.The conference, held under the theme "Hu

Samsung C&T's construction unit has won the order for the Thi Vai LNG Terminal work, which was propelled by Vietnam's state-run gas company Petrovietnam Gas Corporation.Samsung C&T formed a consortium with the local company Petrovietnam Technical Services Corporation (PTSC) and won the proje

Doosan Heavy Industries & Construction said on June 24 that it has signed a contract with the UAE nuclear power plant operator Nawah Energy Company in Abu Dhabi on a maintenance project for the Barakah nuclear power plant.Nawah CEO Mark Reddemann, Mohamed Al Hammadi, CEO of the Emirates Nuclear Ener

KB Financial Group said on June 24 that it has won an "A1" rating for its corporate credit rating and a rating outlook "stable" from Moody's, an international credit appraiser.A1 is the highest international credit rating among bank holding companies in South Korea. In response, KB Financial Gro

South Korea's Science, Technology, Information and Communication Minister Yoo Young-min, Deputy Prime Minister and Education Minister Yoo Eun-hye, Trade, Industry and Energy Minister Sung Yun-mo, Health and Welfare Minister Park Neung-hoo and Fair Trade Commission Chairman Kim Sang-jo visited th

Shinhan Bank said on June 23 that it has signed a comprehensive business agreement with Octopus Cards Ltd., Hong Kong's leading contactless prepaid card operator, for strategic cooperation in the digital business sector.Octopus is the operator of Octopus cards, which are used as a micro-payment

Hana Tour is set to stand trial for leaking information of hundreds of thousands of customers and exercising power trip on its business partner.The Seoul District Prosecutor's Office said on June 19 that it has indicted a Hana Tour corporation and Mr. A, head of its headquarters without detentio

Hyundai Construction Equipment, an affiliate of Hyundai Heavy Industries (HHI), will be questioned by the Fair Trade Commission (FTC) over allegations that it has extorted self-driving technology for unmanned forklift from a small and medium-sized company that was in partnership.According to the Kyu