Business & Politics
Business & Politics
Concerned about CHIPS Act, Korea says US investment less attractive
Mar 06, 2023 (Gmt+09:00)
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Business & Politics
KT CEO Ku Hyeon-mo drops reelection bid as controversy flares
KT Corp. Chief Executive Ku Hyeon-mo has abandoned his ambitious bid to lead South Korea’s largest telecommunications company for another three...
Feb 23, 2023 (Gmt+09:00)
3 Min read -
Business & Politics
Korea's Yoon presses banking, telecom sectors over inflation
South Korean President Yoon Suk-yeol on Wednesday called for measures to stabilize mounting price pressure caused by "oligopolies" in the banking and...
Feb 15, 2023 (Gmt+09:00)
3 Min read -
Business & Politics
KT Group signs MOUs with Mongolian firms to explore joint opportunities
South Korea's KT Group has signed multiple memorandums of understanding (MOUs) with the Mongolian government and economic delegation to explore poten...
Feb 15, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
Korean Chips Act revision hits roadblock as opposition lawmakers balk
The proposed revision to South Korea’s answer to the US CHIPS and Science Act has hit a roadblock as the main opposition party, which controls ...
Feb 15, 2023 (Gmt+09:00)
3 Min read -
Business & Politics
Kakao Mobility fined $20 million over unfair taxi-hailing service
Kakao Mobility Corp., South Korea’s largest taxi-hailing app operator, has been fined 25.7 billion won ($20.3 million) for discriminating again...
Feb 14, 2023 (Gmt+09:00)
2 Min read -
Business & Politics
S.Korean firms offer aid to earthquake-stricken Turkey
South Korean companies are joining the international effort to aid Turkey in the aftermath of a devastating earthquake.Doosan Group announced on Wedn...
Feb 08, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
FKI to be more open, future-minded and international as part of reform
South Korea’s major business lobby group the Federation of Korean Industries (FKI) will become a more open and future-oriented business group t...
Feb 08, 2023 (Gmt+09:00)
2 Min read -
Business & Politics
Korea’s new EV subsidy plan favors Hyundai over Tesla, other imports
South Korea is revising its electric vehicle subsidy plan in a way that favors local cars such as the Hyundai IONIQ 6 over imported vehicles, includi...
Feb 03, 2023 (Gmt+09:00)
4 Min read -
Business & Politics
Korea Customs Service to advance Tanzania's e-customs clearance system
The Korea Customs Service said on Wednesday that it has signed a memorandum of understanding (MOU) with the Tanzania Revenue Authority for cooperatio...
Feb 02, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
S.Korea's fisheries ministry to transfer tech on Napoleon fish to SE Asia
South Korea's Ministry of Oceans and Fisheries will transfer technology to Indonesia on farming the tropical Napoleon fish and reduce sea pollution i...
Feb 01, 2023 (Gmt+09:00)
2 Min read -
Business & Politics
Korea boosts energy cooperation with natural resource-rich W.Australia
South Korea has boosted its energy cooperation with Western Australia, the biggest of Australia's six states and packed with natural resources.Minist...
Jan 31, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
Aekyung Chemical develops first fertilizer coating resin with vegetable oil
Aekyung Chemical on Friday said it has developed South Korea's first eco-friendly fertilizer coating resin using vegetable oil.Aekyung Chemical, a su...
Jan 27, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
South Korean companies ink $6.1 billion MOUs with UAE partners
ABU DHABI – Business leaders from South Korea and the United Arab Emirates (UAE) have signed 24 initial agreements worth at least $6.1 billion ...
Jan 17, 2023 (Gmt+09:00)
3 Min read -
Business & Politics
UAE’s sovereign funds to invest $30 billion in South Korea
ABU DHABI – The United Arab Emirates will invest $30 billion in South Korea across strategic sectors, including the nuclear power, defense, hyd...
Jan 16, 2023 (Gmt+09:00)
2 Min read -
Business & Politics
Korean government to finance $625 million for K-content in 2023
South Korean President Yoon Suk-yeol emphasized on Thursday the importance of K-content, saying content will become the most important industry to st...
Jan 06, 2023 (Gmt+09:00)
1 Min read -
Business & Politics
Korea proposes bigger tax breaks for chipmakers, key industries
The South Korean government plans to raise tax breaks for facility investments by big companies, including chipmakers, to as much as 25% following Pr...
Jan 03, 2023 (Gmt+09:00)
2 Min read -
Business & Politics
S.Korea ranks as 6th most powerful country, beating Japan
TOKYO - South Korea ranked the world’s sixth most powerful country, beating Japan, while the peninsular nation was far behind its neighbor in t...
Jan 02, 2023 (Gmt+09:00)
2 Min read -
Business & Politics
Korea plans to raise tax breaks for chipmakers, key industries
The South Korean government plans to revise a recently passed bill aimed at supporting the country’s semiconductor sector and other key industr...
Dec 30, 2022 (Gmt+09:00)
2 Min read -
Business & Politics
Doosan Enerbility to introduce ammonia co-fired power plant in Vietnam
Doosan Enerbility Co. plans to introduce an ammonia co-fired power plant in Vietnam jointly with South Korean and Vietnamese research institutes.Sout...
Dec 23, 2022 (Gmt+09:00)
1 Min read -
Business & Politics
Shin Hanul revives Korea’s aim to become global nuclear powerhouse
South Korea put a newly built nuclear reactor into full operation on Wednesday to reinforce energy stability, reviving its goal of becoming a globa...
Dec 14, 2022 (Gmt+09:00)
3 Min read -
Business & Politics
South Korea needs to attract more foreign professionals: FKI
In order to address the chronic shortage of industrial engineering manpower, a research report proposed that South Korea put more effort into attracti...
Dec 08, 2022 (Gmt+09:00)
1 Min read -
Business & Politics
LG plans additional $4 billion investment in Vietnam
South Korean electronics giants including LG Electronics and Samsung Electronics plan to pour billions of dollars of additional investment into Vietn...
Dec 07, 2022 (Gmt+09:00)
1 Min read -
Business & Politics
KT&G completes elementary school in Laos with employee donations
KT&G, South Korea's dominant tobacco company, announced on Monday that along with South Korea's non-profit organization Sharing Culture & Ar...
Dec 05, 2022 (Gmt+09:00)
1 Min read -
Business & Politics
LIG 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 company announced on...
Dec 01, 2022 (Gmt+09:00)
1 Min read -
Business & Politics
Tesla’s Musk names Korea among top candidate sites for Gigafactory
Tesla Inc. Chief Executive Elon Musk said on Wednesday that South Korea is among its top candidates to build in Asia another Gigafactory, the US elec...
Nov 23, 2022 (Gmt+09:00)
2 Min read -
Business & Politics
Nearly half of South Korea's economists urge repeal of inheritance tax
Nearly half of South Korea's economists want the inheritance tax abolished, according to a survey.The Korea Economic Association on Thursday released...
Nov 18, 2022 (Gmt+09:00)
1 Min read -
Business & Politics
South Korea's economic bodies urge revision of US Inflation Reduction Act
Six leading economic organizations in South Korea have sent a joint letter to the US government and Congress requesting revision of the US Inflation ...
Nov 18, 2022 (Gmt+09:00)
2 Min read -
Business & Politics
Saudi prince’s Seoul trip brings $30 billion in business deals
Mohammed bin Salman, the crown prince and prime minister of Saudi Arabia, flew into Seoul on Thursday and clinched $30 billion in bilateral deals wit...
Nov 17, 2022 (Gmt+09:00)
4 Min read -
Business & Politics
Korea, Hyundai Motor request 3-year reprieve on US EV tax credit law
The South Korean government and the country’s top automaker Hyundai Motor Co. have requested the US government give Korean carmakers a three-ye...
Nov 04, 2022 (Gmt+09:00)
2 Min read
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