inflation reduction agreement
Scope
Date
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Electronics
Samsung Electro-Mechanics releases 200-megapixel camera module
South Korea's Samsung Electro-Mechanics on Monday announced its release of a smartphone camera module with 200 megapixels and double the shake reduc...
Mar 20, 2023 (Gmt+09:00)
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Economy
S.Korea confirms easing inflation; BOK to hold rate
South Korea confirmed that inflation eased while Asia’s fourth-largest economy continued to slow, adding to expectations that the government m...
Mar 17, 2023 (Gmt+09:00)
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Retail
Hyundai Dept. Store Duty Free to launch metaverse duty-free shop
South Korea's Hyundai Department Store Duty Free announced on Thursday that it had signed a memorandum of understanding (MOU) with OlimPlanet for ...
Mar 17, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion, Genuv sign agreement for antibody joint R&D
South Korean biopharmaceutical firm Celltrion Inc. announced on Tuesday a joint research and development agreement with Genuv, Inc., a domestic drug...
Mar 14, 2023 (Gmt+09:00)
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Travel & Leisure
Tourist arrival gap between S.Korea, Japan widens sharply
Since Japan resumed visa-free travel for South Koreans in October last year, South Koreans have been flocking to the neighboring country.But the num...
Mar 10, 2023 (Gmt+09:00)
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Chemical Industry
SK Geo Centric optimizes plastic recycling tech with US company
SK Geo Centric Co., a South Korean energy and chemical company, is accelerating technical negotiations to build the world's first plastic recycling ...
Mar 10, 2023 (Gmt+09:00)
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Energy
LG Energy Solution to collaborate on Jeju offshore wind power pilot project
LG Energy Solution Ltd. said on Wednesday that its subsidiary AVEL had signed an agreement with Korea South-East Power Co. (KOEN) and Tamra Offshore...
Mar 08, 2023 (Gmt+09:00)
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Banking & Finance
KEXIM bank inks $6 billion financing deal with Aramco
The Export-Import Bank of Korea said on Tuesday it has signed a three-year framework agreement with Saudi Arabian Oil Co.(Aramco), to provide up to ...
Mar 08, 2023 (Gmt+09:00)
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Central bank
BOK chief defies rate cut calls amid sustained inflation
South Korean central bank chief on Tuesday defied calls for an interest rate cut this year despite growing risks of a recession in Asia’s four...
Mar 08, 2023 (Gmt+09:00)
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Carbon neutrality
S.Korea to establish voluntary carbon credit exchange
South Korea will introduce a voluntary carbon market (VCM) later this year, which is expected to broaden the scope of carbon credits and speed up ef...
Mar 07, 2023 (Gmt+09:00)
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Economy
S.Korean inflation rises at slowest rate in 10 months in February
South Korea’s headline inflation gain eased in February, rising at the slowest pace in 10 months on a drop in oil product prices but utility p...
Mar 06, 2023 (Gmt+09:00)
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Foreign exchange
S.Korea-Indonesia central banks renew currency swap agreement
Central banks of South Korea and Indonesia renewed a bilateral local currency swap arrangement to keep supporting trade and financial cooperation fo...
Mar 06, 2023 (Gmt+09:00)
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Pension funds
S.Korea's NPS likely to log 8.2% loss for 2022, record-low return
South Korea’s National Pension Service (NPS) is expected to post a negative return of 8.2% for 2022, according to its preliminary report on Th...
Mar 02, 2023 (Gmt+09:00)
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Bio & Pharma
GC Biopharma introduces candidates for treating blood coagulation disease
South Korea's GC Biopharma Corp. announced on Tuesday that it had entered into an agreement to transfer assets with Catalyst Biosciences, a US-based...
Mar 02, 2023 (Gmt+09:00)
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Pension funds
Inflation casts shadow over S.Korea NPS' hedging strategies
South Korea’s National Pension Service (NPS), with 920.4 trillion won ($694.6 billion) in assets as of November 2022, faces growing concerns o...
Feb 28, 2023 (Gmt+09:00)
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Korean startups
Korea SMEs, Startups Agency cooperates with India's IIT
The Korea SMEs and Startups Agency announced on Monday that it had signed a business agreement with the Foundation for Innovation and Technology Tra...
Feb 28, 2023 (Gmt+09:00)
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Carbon neutrality
SK Ecoplant's Singaporean affiliate, Thailand's No. 2 conglomerate to develop green power
Singapore's TES, an electronic waste management specialist and subsidiary of South Korea's SK Ecoplant Co., will jointly pursue the development of e...
Feb 27, 2023 (Gmt+09:00)
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Carbon neutrality
LowCarbon, Space Florida sign agreement to build hydrogen hub
LowCarbon, South Korea's climate tech company, has signed an agreement on Thursday with Space Florida and Ocean Green Hydrogen, a Tampa-based climat...
Feb 24, 2023 (Gmt+09:00)
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Metaverse
Com2Verse, Microsoft sign agreement for metaverse cooperation
Com2Verse, a subsidiary of the metaverse division of Com2uS Studios, announced on Friday its collaboration with Microsoft Korea for the development ...
Feb 24, 2023 (Gmt+09:00)
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Future mobility
KAIST, Hyundai sign agreement for high-speed self-driving research
The Korea Advanced Institute of Science & Technology (KAIST) announced that it would embark on research into high-speed autonomous driving techn...
Feb 23, 2023 (Gmt+09:00)
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Central bank
BOK holds rates as it lowers growth, inflation forecasts
South Korea’s central bank held its policy interest rate unchanged on Thursday as it slashed forecasts for economic growth and inflation altho...
Feb 23, 2023 (Gmt+09:00)
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Artificial intelligence
Naver, Creverse sign agreement for hyperscale AI education cooperation
Naver Corp., South Korea's largest search engine company, has signed an agreement with Creverse Co., an education company, to provide support for el...
Feb 23, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor begins Genesis GV70 EV production in US
Hyundai Motor Co. has commenced production of the Genesis GV70 electric vehicle in the United States. This marks the first locally produced vehicle ...
Feb 23, 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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Carbon neutrality
Hyundai Dream Tour partners with Air France-KLM for eco-friendly fuel
On Monday, Hyundai Dream Tour, a travel company affiliated with Hyundai Department Store Group, announced a partnership with Air France-KLM to promo...
Feb 21, 2023 (Gmt+09:00)
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ESG
SK Chemicals joins global initiative to cut carbon emissions
South Korea's SK Chemicals said on Monday that it has joined a global initiative that aims to set science-based targets for reducing greenhouse gas ...
Feb 21, 2023 (Gmt+09:00)
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Real estate
Korea's Cha Bio Group to expand overseas real estate business
Cha Bio Group, consisting of Cha Biotech and Cha Vaccine Research Institute as its subsidiaries, has announced its expansion into the real estate in...
Feb 17, 2023 (Gmt+09:00)
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Economy
S.Korea's Engel coefficient rises sharply amid COVID-19 pandemic
South Korea’s low-income households are feeling the pinch of rising food prices amid the COVID-19 pandemic, according to a report by a local t...
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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Bio & Pharma
SK Plasma, Janssen Korea sign sales, distribution agreement
SK Plasma Co. Ltd., a South Korean company specializing in the production of plasma derivatives from human plasma, is expanding its product portfoli...
Feb 14, 2023 (Gmt+09:00)
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