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Local governments launch probes into structures after reports of poor construction

The Ministry of Land, Infrastructure and Transport said Thursday it will launch full-fledged safety checks into buildings constructed using flat slab methods, following revelations that some 16.5 percent of apartment complexes built under the state-run Korea Land and Housing Corp. (LH) are missing critical structural components. The Ministry of Land said it will conduct investigations of 293 apartment complexes built. ....

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Ministry to launch safety inspection into flat-plate apartments

The Ministry of Land, Infrastructure and Transport said Thursday it will launch full-fledged safety checks into buildings constructed using flat slab methods, following revelations that some 16.5 percent of apartment complexes built under the state-run Korea Land and Housing Corp. (LH) are missing critical structural components. The Ministry of Land said it will conduct investigations of 293 apartment complexes built. ....

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Osstem Implant to be delisted from Kosdaq

South Korean dental implant maker Osstem Implant will be delisted from Korea's secondary tech-laden bourse Kosdaq starting Aug. 14, according to the company, Wednesday. The final stock trading period for Osstem Implant, which has a market capitalization with 2.93 trillion won ($2.26 billion), takes place from Thursday to Aug. 11. Investors who sell Osstem Implant's shares on the market during the final stoc. ....

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CJ divests Chinese subsidiary in bid to ramp up K-food push

South Korean food giant CJ CheilJedang said Monday it sold its entire stake in Jixiangju Food, one of its biggest Chinese subsidiaries that sold Chinese food in China, in a bid to focus on its global strategy to primarily sell Korean food products, centering on its Bibigo brand. According to CJ CheilJedang, the company sold its 60 percent stake in Jixiangju Food for 300 billion won ($235 million) to multiple Chinese . ....

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Facial recognition system implemented at Incheon Airport

Incheon Airport said it has begun utilizing preregistered facial information to streamline the departure process for passengers from Friday. Dubbed the "facial recognition smart pass service," the newly launched service will allow passengers to quickly pass through the identification process at departure and boarding gates without having to show their passports and boarding passes to security personnel. The. ....

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