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Fri, July 1, 2022 | 04:31

Gov't braces for soaring power demand in summer

The government is bolstering energy reserves to prevent possible blackouts triggered by an earlier and more intense heatwave in the summer, with electricity demand this year expected to peak in the second week of August, the Ministry of Trade, Industry and Energy said Thursday.

Lee Kyung-min | 2022-06-30 16:36

Summer electricity demand forecast to creep up over heat wave

Small businesses decry 5% minimum wage hike

Kim Joo-won, 42, who owns a small restaurant in Seoul, said Thursday that he will have to let at least one worker go if the government's new hourly minimum wage takes effect next year.

Lee Kyung-min | 2022-06-30 16:23

Minimum wage for next year increased 5% to 9,620 won

Samsung chief's daughter to attend Colorado College in fall

Lee Won-ju, the daughter of Samsung Electronics Vice Chairman Lee Jae-yong, is scheduled to attend Colorado College in the U.S. for the fall semester, according to local reports, Thursday. Colorado College is a private liberal arts college in Colorado Springs, which was established in 1874 as one of the most prestigious liberal arts colleges in the U.S.

Kim Hyun-bin | 2022-06-30 15:56

Huawei Digital Power saves energy and produces low-carbon electricity

Huawei is also participating in energy innovation in line with the global trend of carbon neutrality for a better green future. According to the 2020 Sustainability Report released last year, Huawei's efforts to create a more eco-friendly digital world, such as reducing carbon emissions and promoting renewable energy and a circular economy, showed the company has exceeded the...

2022-06-30 15:50

Gov't to closely monitor KEPCO, 13 other public firms over financial health

The government said Thursday that it will intensely monitor the country's power monopoly Korea Electric Power (KEPCO) and 13 other state-run firms over financial health concerns.

2022-06-30 15:38

[INTERVIEW] Torres SUV should be huge hit in Chile: Ssangyong officials

With SsangYong Motor's new SUV, the Torres, set to make its debut in Korea in July, officials from the SUV maker's Chilean distributor said Wednesday that they are confident the SUV would be a huge hit in the South American country thanks to its bold exterior and high-tech interior. “When you see a car in person, some cars are different from what you saw in the pictures, and ...

Baek Byung-yeul | 2022-06-30 11:29

[INTERVIEW] 'New order takes root in fashion e-commerce industry'

The COVID-19 pandemic has dealt a huge blow to the fashion industry, causing a lot of traditional merchants to be unsure of how to maintain their bottom lines as consumers shift in droves to e-commerce platforms.

Kim Yoo-chul | 2022-06-30 11:20

LG, Hanwha, LS eye EV charging biz for future growth

Major conglomerates are jumping into the electric vehicles (EV) charging business as a new future growth engine and aim to create synergy with other affiliates within the group, according to company officials, Wednesday. S-Traffic, which spun off from Samsung SDS, is currently leading the domestic EV charging market, while other major conglomerates such as LG Electronics, Han...

Kim Hyun-bin | 2022-06-30 08:35

McDonald's Korea introduces second locally sourced burger

McDonald's Korea has revealed its second local menu item, the Boseong Green Tea Pork Burger as part of its Taste of Korea project on Thursday. Last year, the American fast food chain signed a business agreement with South Jeolla Province and its partner firms to introduce new menu items using high-quality domestic ingredients. The Changnyeong Garlic Burger was the first produ...

Kim Jae-heun | 2022-06-29 17:06

Mercedes-Benz Korea launches new EQB 300 4MATIC AMG

Mercedes-Benz Korea has launched the new EQB 300 4MATIC AMG Line, an all-electric family SUV, the company said Wednesday. The EQB is the second compact SUV introduced by Mercedes-EQ after the EQA, which premiered at Auto Shanghai 2021.

Kim Jae-heun | 2022-06-29 17:06

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