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The donation ceremony was attended by Hyundai Motor Group President Kong Young-woon, along with Chairman Ye Jong-suk and Secretary-General Kim Yeon-soon of the Community Chest of Korea.Since 2003, the automaker has been delivering year-end donati Today South Koreans consider person with W3.9b in assets to be wealthy South Koreans consider a person who owns an average of 3.9 billion won ($3.2 million) in assets is wealthy, a local survey showed Monday.According to a recruiting service provider Saramin’s survey on 4,111 adults, respondents in their 30s said a person can be considered rich when he or she owns assets of 3.98 billion won, while those in 40s said 3.9 billion won. Those aged 50 and above said a rich person owns 3.3 billion won. Some 3.9 billion won of assets equal the amount accumu Today Starbucks Korea receives presidential award for supporting cultural heritage Starbucks Coffee Korea said Thursday it has received a presidential award for its effort to contribute to restoring the country’s cultural assets and honoring it heritage and history. The award ceremony which took place at Korea Cultural Heritage Foundation on Friday was attended by some 100 awardees. The local unit of Starbucks Coffee joined hands with the Cultural Heritage Administration in 2009 and has conducted various activities to protect cultural assets and support descen Today LG International's JV listed on Omani stock market LG International Corp. said Monday that its joint venture with Oman Oil Co. has been listed on the Omani stock market, a move that helped the South Korean developer of natural resources recover part of its investment in the JV.Musandam Power Co. debuted on the Muscat Securities Market on Thursday. LG International said it retains an 18 percent stake in Musandam Power after selling a 12 percent stake worth $6.9 million. In addition, LG International said it earned revenue through operation of the Today EV models reach over 40% of Hyundai, Kia eco-friendly car sales Electricfied models reached over 40 percent of Hyundai Motor Co. and Kia Motors Corp.'s environmentally friendly vehicle sales in the January-October period, an automobile association said Monday. In the first 10 months, Hyundai and Kia sold a combined 291,237 eco-friendly models in global markets, according to the data from the Korea Automobile Manufacturers Association.Among them, plug-in hybrid electric, all-electric and hydrogen fuel-cell electric vehicles rose to account for 40.8 percent, o Dec 8, 2019 5G smartphones to boost revenue for Samsung Display Samsung Display faces new opportunities for sales growth as the growing demand for fifth-generation smartphones is expected to drive up sales of the firm’s small and medium-sized OLED panels, industry watchers said Sunday.OLED panels, a key component of large-screen smartphones, are seeing increased demand with the rise in consumption of high-definition video and game content among handset users. Global handset makers, Samsung Electronics, Apple, Huawei, Oppo and Vivo, began to adopt Dec 8, 2019 [Herald Interview] Electricity market competition, price hike needed for green energy expansion South Korea’s efforts to tackle environmental issues related to power generation using conventional technologies are no longer sustainable, and the only way forward -- apart from expanding renewable energy -- is to allow private operators in the sector which is now controlled by state firms, according to Korea Energy Economics Institute President Cho Yong-sung.“Korea should now ponder whether its energy market needs to embrace a free market mechanism in a new era driven by renewable Dec 8, 2019 KT’s epidemic prevention platform launches in Kenya Telecom KT’s disease control platform recently launched in Kenya, widening reach in the African continent.KT’s Global Epidemic Prevention Platform will be locally serviced by the nation’s biggest telecom provider Safaricom, and will be called Safari Smart, meaning “smart travel” in Swahili. KT underlined the significance of this collaboration, saying this is the first time for a Korean company to tap Kenya’s national quarantine service. Kenya is a critical hub Dec 8, 2019 Hanwha’s investment in Overair gets all-clear signal for takeoff Hanwha Systems announced Sunday that its $25 million investment in US-based air taxi startup Overair has got final approval from authorities.The two companies plan to jointly develop personalized aerial vehicles following the US Committee on Foreign Investment’s greenlight. Overair, previously K4 Aeronautics, is a spinoff of Karem Aircraft -- which manufactures aerial vehicles capable of vertical takeoff and landing. It is one of the core partners of the Uber Elevate project for commercial Dec 8, 2019 S. Korea's exports likely to suffer worst drop since 2009: reports South Korea is likely to see its worst annual exports performance this year since the global financial crisis, economic reports showed Sunday, due to the global trade slowdown and a slump in the semiconductor market. The value of South Korean goods exports is expected to plunge 10.2 percent on-year in 2019 on a customs clearance basis, according to Bank of Korea, the worst drop since 2009 when the country suffered 13.9 percent decline. Private economic think tanks released similar forecasts. LG Dec 6, 2019 BTS’ music video second-most liked in world: Youtube Music videos by South Korean K-pop groups were among the top 10 most liked videos on YouTube globally this year, including those from BTS and Blackpink.According to YouTube, BTS’ hit song “Boy With Luv” featuring Halsey was the second-most liked video in 2019. It was followed by four-piece girl group Blackpink’s “Kill This Love” music video, which was also the eighth-most played globally, the only Korean act to be included on that list. This year’s Dec 6, 2019 S. Korea to promote exports of its designed nuke reactors South Korea will seek to export more its endogenously designed nuclear reactors, the country's state-run nuclear plant operator said Friday, as it has successfully completed the construction of two new nuclear reactors in the southern port city of Ulsan.The Korea Hydro & Nuclear Power Co. held a ceremony to mark the completion of the reactors, called Shin Kori-3 and Shin Kori-4. The Shin Kori-4 started commercial operation in August, after completing its two-month pilot run without any glitc Dec 6, 2019 Passengers flying to Japan fall 43.7% in Nov. With tension between South Korea and Japan showing no signs of abating, the number of passengers who flew to Japan in November fell by 43.7 percent on-year, government data showed Friday. According to the Transport Ministry, 891,851 passengers used domestic air carriers’ Japanese routes in November. In November, there were 5,759 flights to Japan, down 39.7 percent on-year. Among the country’s provincial airports, Muan Airport and Yangyang Airport did not operate Japan Dec 6, 2019 11 S. Korean firms to offer blockchain-based ID, certification services A consortium comprised of 11 major South Korean companies, including Samsung Electronics Co., said Friday it will commercialize blockchain-based mobile identification and certification services that allow users to safely handle their personal information. Initial DID Association said it will launch a mobile application called Initial next year to provide decentralized identifier service. DID allows users to control their digital identity and information without any centralized registry Dec 6, 2019 Samsung chief faces pivotal stage in bribery trial Eyes fixed on bench’s choice of witnesses MORE 15 / 20992
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