Lotte Duty-Free fails to secure a spot in Incheon Airport

Lotte Duty Free and China Duty Free Group (CDFG) have failed in their bids to secure a spot at Incheon Airport. They were not able to secure a license to set up their outlets at the facility while Hotel Shilla and...

POSCO confirms transfer of its HQ to Pohang

POSCO Holdings is moving its headquarters, and this could be good news for the residents of Pohang, where it will be relocated from Seoul. The transfer was approved by the companys shareholders on Friday, Mach 17. The...

Hyundai Steel selling its Beijing unit due to slow sales amid strong competition

Hyundai Steel said last week it would unload its unit in China called the Hyundai Steel Beijing Process. The company said it made the decision due to slow sales in recent years in addition to the diminished market share of...

Meta rolls out paid verification subscription in the US

Meta Platforms Inc., the parent company of Facebook and Instagram, introduces its new subscription service in the United States. This is a paid verification designed for creators on both FB and IG. Metas chief executive...

North Korea: G7 ministers criticize inaction by UN Security Council over Pyongyang's record missile launches

The foreign ministers of the G7 countries have expressed frustration with the lack of action being taken by the United Nations Security Council on North Korea. This comes as Pyongyang has launched a record number of...

Russia-Ukraine war: Biden says Putin committed war crimes, arrest warrant justified

US President Joe Biden said Russian leader Vladimir Putin has committed war crimes as the war Moscow is waging in Ukraine continues. Biden added that the charges for Putins arrest by the International Criminal Court were...

UK interior minister to discuss migrant deal in Rwanda visit

British interior minister Suella Braverman visited Rwanda to discuss the agreement made with the British government to relocate migrants who sought to enter the United Kingdom claiming asylum. Braverman doubled down on the...

Iraq, Iran sign deal on border security

Iraq and Iran signed a deal to strengthen border security between the two neighboring countries over the weekend. The agreement is an effort to tighten security near Iraqs Kurdish region, as Iran says armed Kurdish...

S. Korea’s sleep-inducing lettuce to be grown in Australia

A South Korean lettuce variety called heukharang or black harang, which serves as a natural treatment for insomnia is set for cultivation in Australia. Jeollanamdo Agricultural Research Extension Services (JARES)...

How amateur scientists are still helping make important discoveries

What images does science conjure up in your mind? You may well be visualising a laboratory, equations scrawled on a blackboard. Figures are surrounded by glassware filled with coloured liquids. Maybe someone, with...

Drinking Coke, Pepsi could increase testicle size, testosterone level: study

A study by the Northwest Minzu University in China has revealed that drinking Coca-Cola and Pepsi can lead to larger testicles and higher testosterone levels. The university was determining the impact of carbonated...

Japanese tourism startup Iwaya Gikento offer balloon rides into ‘space’

Japanese startup Iwaya Giken is launching a space tourism business to take sightseers on balloon rides 25 kilometers into the stratosphere Iwaya Giken noted that while passengers need not undergo special training to...

Samsung to invest $230 billion in building mega chip cluster

Samsung Electronics will invest $230 billion over the next 20 years chip-making mega cluster, which will be established in Gyeonggi Province by 2042. Samsungs five new semiconductor plants would anchor South Koreas...

Samsung steals Xiaomi’s crown in India’s smartphone market

Samsung Electronics took a 20 percent market share in India in the last quarter of 2022 to take the top spot in the worlds second-biggest market for devices over erstwhile leader Xiaomi Corp., who had an 18 percent market...

Krafton to set up metaverse JV with Naver

South Koreas leading game developer Krafton Inc. will establish a joint venture with Naver Z Corp. in the first half to create a virtual world for global users. The JV, dubbed Project Migaloo, will run Persistent...

Roku partners with Best Buy to sell its first company-made smart TVs

Roku Inc., an American company that makes various digital media players for video streaming, has teamed up with Best Buy to sell its own smart televisions. The company produced its very first smart TVs, and these will be...