Business & Politics
Business & Politics
Lotte's chemical units look for talent from US universities
Sep 27, 2023 (Gmt+09:00)
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Business & Politics
S.Korea to expand quota of foreign skilled workers to 35,000
The South Korean Ministry of Justice announced on Monday that it will expand the quota of foreign skilled workers from the current 2,000 to 35,000.Ev...
Sep 25, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
Hyundai eyes Saudi EV plant as Korea bets on Middle East boom
Hyundai Motor Co. is set to build an electric vehicle assembly plant in Saudi Arabia as South Korean companies are increasingly tapping growth opport...
Sep 18, 2023 (Gmt+09:00)
3 Min read -
Business & Politics
S.Korea to extend $6 bn in financing for African projects
BUSAN – South Korea will offer $6 billion in cheap loans and funds to domestic companies between 2024 and 2025 to finance their construction an...
Sep 13, 2023 (Gmt+09:00)
3 Min read -
Business & Politics
Hyundai promotes Busan’s bid for 2030 World Expo in India with IONIQ 5
Hyundai Motor Co. supported Busan’s bid to host the 2030 World Expo with IONIQ 5 covered with graffiti reading “Busan is Ready” in ...
Sep 11, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
S.Korea, Indonesia to bolster high-tech partnership
JAKARTA, Indonesia -- South Korea and Indonesia have affirmed their committment to expanding the scope of business cooperation from high tech to food...
Sep 10, 2023 (Gmt+09:00)
3 Min read -
Business & Politics
S.Korea to receive $1 bn in unpaid bills from Uzbek gas project
South Korean firms are poised to receive $1 billion in unpaid bill that has accumulated since 2017 from Uzbekistan’s Surgil gas project as the ...
Sep 08, 2023 (Gmt+09:00)
2 Min read -
Business & Politics
S.Korean gov't to invest $827 mn in cyber security sector by 2027
South Korea will invest 1.1 trillion won ($827.1 million) in the information security sector by 2027, nearly double its combined budget of 556.9 bill...
Sep 06, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
North Korea’s Kim Jong Un Expected to Meet Putin in Russia
WASHINGTON—North Korean leader Kim Jong Un is expected to travel to Russia soon to meet with President Vladimir Putin, U.S. officials said Mond...
Sep 05, 2023 (Gmt+09:00)
2 Min read -
Business & Politics
S.Korea woos Chinese visitors via temporary e-visa fee exemption
South Korea has waived e-visa issuance fees through year's end for Chinese visitors on group tours.This is in response to the travel industry's requ...
Sep 05, 2023 (Gmt+09:00)
2 Min read -
Business & Politics
Korea’s business lobby group FKI goes down in history in disgrace
The Federation of Korean Industries (FKI), the voice of the conglomerates that formed the engine of the South Korean economy for more than five decad...
Aug 22, 2023 (Gmt+09:00)
4 Min read -
Business & Politics
Samsung Securities decides not to rejoin Korea’s top business lobby
Samsung Securities Co., in a surprise move, has decided not to rejoin South Korea’s top business lobby, the Federation of Korean Industries (FK...
Aug 22, 2023 (Gmt+09:00)
2 Min read -
Business & Politics
Camp David Summit to Unite U.S., South Korea, Japan
WASHINGTON—A new trilateral alliance linking the U.S., South Korea and Japan will enhance cooperation among the nations in key areas, including...
Aug 17, 2023 (Gmt+09:00)
4 Min read -
Business & Politics
Kumho chief Park, other business leaders granted presidential pardons
Park Chan-koo, honorary chairman of Kumho Petrochemical Co., and 11 other South Korean business leaders have been granted presidential pardons to co...
Aug 14, 2023 (Gmt+09:00)
3 Min read -
Business & Politics
S.Korea is far more reliant on China for rare earth metal than Japan: report
South Korea is far more dependent than Japan on neodymium permanent magnets from China at 88%, while the rate for Japan, a land devoid of rare earth ...
Aug 11, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
Sejong City to cooperate with Northern Ireland in smart city, cybersecurity
South Korea's Sejong Special Self-Governing City will pursue economic exchange with Northern Ireland and cooperation in cybersecurity research with Q...
Aug 10, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
Korea’s Big Four conglomerates likely to regain FKI membership
South Korea’s four largest business conglomerates – Samsung, Hyundai Motor, SK and LG – will likely return as members of the countr...
Aug 09, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
Bullet maker Poongsan chief Ryu’s new role: Korea’s top business lobbyist
Jin Roy Ryu, chairman of South Korea’s leading copper smelter and defense equipment maker Poongsan Corp., has been chosen to lead the country...
Aug 07, 2023 (Gmt+09:00)
3 Min read -
Business & Politics
South Korean city seeks to build Asia's 1st MSG Sphere
A city in the greater Seoul area is aiming to become the first in Asia to attract Madison Square Garden (MSG) Sphere, an iconic music and entertainme...
Aug 03, 2023 (Gmt+09:00)
3 Min read -
Business & Politics
S.Korea to fully open gov't R&D projects to foreign researchers
South Korea's Ministry of Trade, Industry and Energy on Wednesday said it will allocate 5 trillion won ($3.8 billion) of its R&D budget for excel...
Aug 03, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
GS25 becomes No. 1 convenience store chain in southern Vietnam
South Korean convenience store chain GS25 announced on Thursday that it has become the top operator in southern Vietnam, surpassing rivals US' Circle...
Aug 03, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
Some 100 foreign housekeepers to enter S.Korea in 2023
About 100 Philippine housekeepers will come to work in South Korea this year under a pilot public project to raise the birth rate by reducing the hou...
Jul 31, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
American patent trolls target S.Korean companies
Over 80% of American companies that sued South Korean companies for patent infringement last year were non-practicing entities (NPE), or “paten...
Jul 13, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
Korea revives nuclear power for its 2024-2038 energy plan
South Korea is slated to bring forward action steps on its power supply plan for the 2024-2038 period, with a possibility to review building more nuc...
Jul 11, 2023 (Gmt+09:00)
2 Min read -
Business & Politics
S.Korea to launch K-Ricebelt project in Africa
South Korea has launched an official development assistance (ODA) project for a "K-Ricebelt" to produce rice for 30 million people every year in Afri...
Jul 11, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
Samyang Foods Group rebrands as Samyang Roundsquare
South Korea's food-oriented Samyang Foods Group said on Monday it rebranded the group and the holding company Samyang Naturals Co.'s name as Samyang ...
Jul 03, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
Hyundai Rotem wins $917 mn Australian electric train project
Hyundai Rotem, a South Korean railway system maker under Hyundai Motor Group, said on Friday that it had won a major contract in Australia alongside ...
Jun 30, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
Korea’s trade deficit with China runs deep; chip support required
Just like its neighboring countries in Asia, South Korea’s economic growth has long been swayed by the ups and downs of China, which heavily re...
Jun 29, 2023 (Gmt+09:00)
3 Min read -
Business & Politics
KOTRA hosts ESG cooperation project in Baubau, Indonesia
Korea Trade-Investment Promotion Agency (KOTRA) announced on Wednesday that it conducts an "Environmental, Social and Governance (ESG) Cooperation Pr...
Jun 28, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
Airplane hangar built in Heart of S.America by KOICA
The South Korean government's support for Paraguay, dubbed the "Heart of South America," to become an aviation maintenance hub is gaining momentum.Ko...
Jun 28, 2023 (Gmt+09:00)
1 Min read
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