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Supply chainKorea’s industrial losses balloon to $1.2 bn as truckers continue strike
South Korea’s manufacturing sector faces ballooning losses across industries as the trucker strike entered its eighth day ...
Dec 01, 2022 (Gmt+09:00)
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Foreign exchangeKorea won near 5-mth high as Powell signals slower hikes
The South Korean won currency hit a near 5-month high on Thursday as US Federal Reserve Chairman Jerome Powell suggested a slowd...
Dec 01, 2022 (Gmt+09:00)
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Bio & PharmaMedipost, OmniaBio to enhance cooperation for CDMO business
South Korea's stem-cell therapy company Medipost announced on Thursday that its Canadian affiliate OmniaBio made a two-day visit...
Dec 01, 2022 (Gmt+09:00)
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EconomyAverage household debt in South Korea exceeds $69,000 so far this year
The average household debt in South Korea has exceeded 90 million won ($69,284). While the figure appears to be high by Korean s...
Dec 01, 2022 (Gmt+09:00)
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Shipping & ShipbuildingHyundai Heavy Industries Group proposes blueprint for sustainable marine utilization solution at 2023 CES
Hyundai Heavy Industries Group will participate in CES 2023, the world's largest information technology trade show, to showcase ...
Dec 01, 2022 (Gmt+09:00)
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Pension fundsNPS shortlists 6 candidates for chief investment officer opening
National Pension Service (NPS) of South Korea, the world’s third-largest pension fund managing 896.6 trillion won ($690.5 ...
Dec 01, 2022 (Gmt+09:00)
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EconomyKorea exports dip for 2nd month, growth slows to 1-year low
South Korea’s exports reported a decline for a second straight month in November on sluggish semiconductor sales, darkenin...
Dec 01, 2022 (Gmt+09:00)
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ArtsYeolmae and Company emerges as major player in secondary art market
South Korean startup Yeolmae and Company, which operates ArtnGuide, has recently emerged as a significant player in the art mark...
Dec 01, 2022 (Gmt+09:00)
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MachineryLS Cable & System Asia expands cable production capacity in Vietnam
LS Cable & System Asia said on Thursday that it has invested 6.8 billion won in its Vietnamese subsidiary LS Cable & Sys...
Dec 01, 2022 (Gmt+09:00)
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Cloud computingSamsung Electronics acquires two global cloud security certifications
Samsung Electronics Co. acquired two international certificates regarding cloud security, ISO 27001 and ISO 27017.South Korea's ...
Dec 01, 2022 (Gmt+09:00)
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SteelPOSCO’s Pohang workers to leave umbrella steel union group
One of two labor unions at Korea’s largest steelmaker POSCO will leave its umbrella group, the Korean Metal Workers’...
Dec 01, 2022 (Gmt+09:00)
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Hydrogen economyDoosan Enerbility develops amonia cracking technology for hydrogen power generation
South Korea's plant builder Doosan Enerbility plans to secure ammonia cracking technology which can be utilized for hydrogen co-...
Dec 01, 2022 (Gmt+09:00)
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Korean chipmakersSamsung Foundry: Driving force behind digital transformation
As the contract chip manufacturing, or foundry, business is quickly emerging as the next battlefield for the world’s major c...
Dec 01, 2022 (Gmt+09:00)
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Food & BeverageDaesang Welllife forms joint venture with Sinopharm Group
Daesang Welllife on Thursday said it has concluded a memorandum of understanding (MOU) with China Sinopharm International, an af...
Dec 01, 2022 (Gmt+09:00)
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AutomobilesHyundai Motor's concept car N Vision 74 selected as Instant Icon of the Year by TopGear UK
Hyundai Motor Group said on Thursday that it won awards in two categories, "Instant Icon of the Year" and "Manufacturer of the Y...
Dec 01, 2022 (Gmt+09:00)
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BatteriesHyundai Mobis rolls out self-developed hydrogen-powered forklift
Hyundai Mobis has demonstrated a forklift powered by the company's self-developed hydrogen fuel cells, heightening prospects of ...
Dec 01, 2022 (Gmt+09:00)
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Food & BeverageJeju Samdasoo enters India, ships 45 tons of mineral water
South Korea’s leading bottled mineral water brand Jeju Samdasoo has begun exports to India, shipping 45 tons of the water ...
Dec 01, 2022 (Gmt+09:00)
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AutomobilesNexen Tire and Design Council Busan join hands for futuristic models
Nexen Tire said on Thursday that it has developed three types of future concept tires, including "BTR," "Mearth," and "Nocturn...
Dec 01, 2022 (Gmt+09:00)
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ESGSK Inc. bulks up green investments to achieve net zero by 2035
SK Inc., the investment arm of South Korea’s second-largest conglomerate SK Group, is taking preemptive steps to expand it...
Dec 01, 2022 (Gmt+09:00)
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Capital raisingSK On attracts $1 billion in investment
SK On, the electric battery affiliate of Korea's petroleum, alternative energy and oil exploration corporation SK Innovation, ha...
Dec 01, 2022 (Gmt+09:00)
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Business & PoliticsLIG Nex1 wins order to develop super-compact sensors for submarines
South Korean company LIG Nex1 will develop technology for ultra-miniature sensors that can be mounted on unmanned submarines.The...
Dec 01, 2022 (Gmt+09:00)
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Food & BeverageWhisky imports up 62%, projected to be popular next year and beyond
As whisky became more popular in Korea, the amount of whisky imported for 10 months until October this year increased about 62% ...
Dec 01, 2022 (Gmt+09:00)
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Content platformsKT conducts reshuffle ahead of launching South Korea's top OTT service
Korea's telecom giant KT Corp. has reshuffled its media business units ahead of the pending absorption of its over-the-top (OT...
Dec 01, 2022 (Gmt+09:00)
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Korean stock marketHYBE and Kakao Games to be released from mandatory escrow this month
The Korea Securities Depository said on Wednesday that 225.5 million shares of a total of 58 listed stocks registered as mandato...
Dec 01, 2022 (Gmt+09:00)