The Ministry of Science and ICT
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Business & Politics
UAE to find $2 bn investment opportunities in S.Korea
The United Arab Emirates (UAE) is reviewing $2 billion worth of investment project in South Korea, such energy and information communications techno...
May 22, 2023 (Gmt+09:00)
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Korean SMEs
S.Korea to launch first cyber office for small, medium businesses
South Korea's Minister of SMEs and Startups Lee Young on Monday said the country will launch its 18th office for small and medium enterprises (SME) ...
May 16, 2023 (Gmt+09:00)
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Bio & Pharma
Merck to build biopharma raw material plant in Korea
Global pharmaceutical company Merck is considering a plan to establish a biopharmaceutical raw material production facility in Daejeon.South Korean ...
May 03, 2023 (Gmt+09:00)
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Korean startups
Asleep forms partnership with National Sleep Foundation of US
South Korea's sleep technology startup Asleep, which was part of an economic delegation accompanying President Yoon Suk Yeol's recent state visit to...
May 02, 2023 (Gmt+09:00)
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Korean startups
S.Korea, UL Solutions sign agreement for supporting domestic startups
The South Korean Ministry of SMEs and Startups announced on Thursday that it has signed a business agreement with global certification agency UL Sol...
Apr 27, 2023 (Gmt+09:00)
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Blockchain
WeMade signs MOU with Ministry of Investment Saudi Arabia
South Korea's game publisher WeMade Co. announced on Tuesday that it has signed a memorandum of understanding (MOU) with the Ministry of Investment ...
Apr 25, 2023 (Gmt+09:00)
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Korean startups
S.Korean gov't to support domestic startups in Saudi Arabia entry
South Korea's Ministry of SMEs and Startups held on Wednesday the "K-Deep Tech Startup Meetup" event at Startup Alliance & Space in Gangnam dist...
Apr 19, 2023 (Gmt+09:00)
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Bio & Pharma
GeneOne Life Science gets patent for coated microneedle tech in China
South Korea’s biopharmaceutical company GeneOne Life Science Inc. on Tuesday said it received a patent from the China National Intellectual Pr...
Apr 19, 2023 (Gmt+09:00)
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Airlines
S.Korea seeks to restore volume of int'l flights to pre-COVID-19 levels
Resuming flights from Incheon International Airport to and from Prague, Czech Republic, and Zurich, Switzerland, to expand its air traffic, South Ko...
Apr 03, 2023 (Gmt+09:00)
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Bio & Pharma
Drug instructions to be provided via QR codes, URLs in S.Korea
South Korea's the Ministry of Food and Drug Safety announced on Friday that it had revised the "Risk Management Plan (RMP) Guidelines" to allow for ...
Mar 31, 2023 (Gmt+09:00)
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Korean chipmakers
South Korea says US Chips Act subsidies have too many requirements
SEOUL—The U.S. Chips Act is dangling billions of dollars in subsidies in front of the world’s biggest semiconductor manufactur...
Mar 15, 2023 (Gmt+09:00)
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Travel & Leisure
H2O Hospitality signs MOU with Ministry of Investment of Saudi Arabia
H2O Hospitality Ltd., a South Korean company specializing in digital transformation in the hospitality and leisure industries, announced on Monday t...
Mar 13, 2023 (Gmt+09:00)
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Business & Politics
Korea clears environmental hurdle for new Jeju airport
South Korea’s environment ministry conditionally approved the construction of a new airport on Jeju Island with a 6.7 trillion won ($5.2 billi...
Mar 07, 2023 (Gmt+09:00)
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Electronics
LG Electronics, Yonsei Univ. develop talent for smart TV platforms
LG Electronics Inc. and South Korea’s Yonsei University are searching for talented human resources to build software platforms for smart TVs.T...
Feb 24, 2023 (Gmt+09:00)
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Future mobility
S.Korea's UAM project finalizes list of 46 participating companies
Forty-six companies in South Korea including three in mobile telecommunications are participating in the Korean-style urban air mobility (UAM) demon...
Feb 23, 2023 (Gmt+09:00)
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Shareholder value
Hyundai takes lead in Korea’s dividend policy reform
The Hyundai Motor Group is set to become South Korea’s first conglomerate to disclose dividend allocations ahead of the ex-dividend date, a mo...
Feb 22, 2023 (Gmt+09:00)
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Hydrogen economy
Hyundai Heavy to develop core technology for seawater electrolysis system
Hyundai Heavy Industries Co. signed a business agreement for jointly developing seawater electrolysis system core technology at the Korea Institute ...
Feb 22, 2023 (Gmt+09:00)
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Tech, Media & Telecom
POSCO ICT to be rebranded as POSCO DX for digital transformation
POSCO ICT Co., the IT services subsidiary of South Korean steelmaker POSCO Holdings Inc., announced on Sunday that it will rebrand itself as POSCO D...
Feb 20, 2023 (Gmt+09:00)
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Economy
S.Korea confirms economic slowdown, recession concerns loom
The South Korean finance ministry on Friday confirmed that the country’s economy has slowed, mired in stubbornly high inflation and sluggish e...
Feb 17, 2023 (Gmt+09:00)
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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 an...
Feb 15, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Engineering builds nationwide EV infrastructure
South Korea's Hyundai Engineering on Sunday said the country's Ministry of Environment selected the company to receive electric vehicle (EV) infrast...
Feb 13, 2023 (Gmt+09:00)
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Energy
S.Korea's science minister calls small modular reactors 'game changers'
Minister of Science and ICT Lee Jong-ho on Thursday pledged full support for the development of small modular reactors (SMRs), which he called a "ga...
Feb 03, 2023 (Gmt+09:00)
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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 ...
Feb 01, 2023 (Gmt+09:00)
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Venture capital
Korea's venture capital investment falls 12% last year amid downturn
South Korea's venture capital investment last year fell more than 10% from a year ago due to the economic downturn caused by a series of global rate...
Jan 30, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion Healthcare launches anti-cancer biosimilar Vegzelma in Japan
Celltrion Healthcare Co. Ltd. said on Thursday that it launched Vegzelma, a biosimilar to the anti-cancer drug Avastin (active ingredient: bevacizum...
Jan 26, 2023 (Gmt+09:00)
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Bio & Pharma
ST Pharm exports $14.6 mn worth of drug ingredients to Europe
ST Pharm Co., a South Korean company specializing in contract development and manufacturing of drug ingredients, has signed a supply contract worth ...
Jan 20, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung SDS calls attacks on cloud biggest threat to cyber security
Cloud protection is the top cyber security concern for companies this year, a study says.Samsung SDS Co. on Thursday said this in its report "Top Fi...
Jan 13, 2023 (Gmt+09:00)
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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 P...
Jan 03, 2023 (Gmt+09:00)
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Korean chipmakers
Rep. Yang Hyang-ja criticizes 8% tax cut for chipmakers as step backward
South Korean politician Yang Hyang-ja, a Samsung Electronics Co. executive-turned-lawmaker, criticized her fellow lawmakers' decision to raise the p...
Dec 23, 2022 (Gmt+09:00)
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Aerospace & Defense
Launch of Innospace's Hanbit-TLV rocket called off due to technical glitch
The Ministry of Science and ICT announced on Wednesday that it will invest 350 billion won ($273 million) to build a rocket launch site, which will ...
Dec 23, 2022 (Gmt+09:00)