Korea’s Ministry of Justice
Scope
Date
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Automobiles
Future transport center to make UAM, autonomous vehicle transfer easy
The Korean Ministry of Land, Infrastructure and Transport's Metropolitan Area Transportation Committee said on Sunday that it would promote establis...
Dec 05, 2022 (Gmt+09:00)
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Foreign exchange
Korea's foreign exchange reserves last month see first rise in 4 months
Korea last month saw its first rise in foreign exchange reserves in four months amid monetary authorities selling the greenback to avert a sharp dep...
Dec 05, 2022 (Gmt+09:00)
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Automobiles
Hyundai, Kia US sales up 32% in Nov; eco-friendly cars jump
South Kora’s top automaker Hyundai Motor Group enjoyed strong demand in the US last month as the improving automotive chip supply situation bo...
Dec 02, 2022 (Gmt+09:00)
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Electronics
Korea Semiconductor Academy launched to nurture field workers
The Korea Semiconductor Academy was established Thursday with former SK Hynix CEO Seok-hee Lee at its helm.The launch ceremony was held at the Korea...
Dec 02, 2022 (Gmt+09:00)
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Fintech
Delay in Apple Pay approval for South Korea sends VAN co. shares tumbling
The news of US mobile device giant Apple launching its Apple Pay service in South Korea this month sent the share prices of companies that assist th...
Dec 02, 2022 (Gmt+09:00)
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Economy
Korea inflation at 7-mth low; BOK may slow rate hike pace
South Korea’s headline inflation hit a seven-month low in November as rises in agricultural and petroleum product prices slowed, adding to exp...
Dec 02, 2022 (Gmt+09:00)
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Capital raising
Industrial Bank of Korea provides Silicon Valley-style financing for startups
Industrial Bank of Korea (IBK) on Friday launched the IBK Venture Loan, which provides bridge loans to promising startups struggling to borrow funds...
Dec 02, 2022 (Gmt+09:00)
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Bio & Pharma
Korea approves Daewoong Pharmaceutical's diabetes drug
DAEWOONG PHARMACEUTICAL has received domestic approval for its diabetes drug Envlo with the active ingredient enavogliflozin, the second straight ye...
Dec 02, 2022 (Gmt+09:00)
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Supply chain
Korea’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 on Thursday, disrupt...
Dec 01, 2022 (Gmt+09:00)
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Foreign exchange
Korea 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 slowdown in its tightenin...
Dec 01, 2022 (Gmt+09:00)
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Economy
Average 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 standards, average ho...
Dec 01, 2022 (Gmt+09:00)
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Economy
Korea 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, darkening the outlook for As...
Dec 01, 2022 (Gmt+09:00)
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Steel
POSCO’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’ Union (KMWU), follo...
Dec 01, 2022 (Gmt+09:00)
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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 o...
Dec 01, 2022 (Gmt+09:00)
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Content platforms
KT 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 (OTT) video platform Se...
Dec 01, 2022 (Gmt+09:00)
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Korean startups
Cento Ventures: High ROI of Korean startups still uncommon knowledge
When it comes to the global startup ecosystem, South Korean cities, including the capital Seoul, often do not come to investors’ minds before ...
Nov 30, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Korea adopts USB-C as unified connector for phone charging cable
The Korean government has released guidelines on its designation of USB-C as the unified national standard for charging and data transfer connectors...
Nov 30, 2022 (Gmt+09:00)
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Korean chipmakers
Shell-First: Samsung Foundry’s custom-tailored new operation strategy
As the contract chip manufacturing, or foundry, business is quickly emerging as the next battlefield for the world’s major chipmakers, The Korea...
Nov 30, 2022 (Gmt+09:00)
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Korean chipmakers
Biden hails SK Siltron’s investment in Michigan as 'game changer'
BAY CITY, Michigan – For the first time since taking office, United States President Joe Biden toured a US subsidiary of South Korean conglome...
Nov 30, 2022 (Gmt+09:00)
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Korean SMEs
LG U+ and Korea Fanuc to devise smart factory solutions for SMEs
Korean telecom giant LG Uplus Corp. on Tuesday said it will develop a smart factory solution for small and medium enterprises (SMEs) jointly with th...
Nov 30, 2022 (Gmt+09:00)
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Corporate investment
First joint law office with overseas firm to open in Korea
The first South Korea-overseas joint law firm is set to start operations in Seoul.The joint firm of Korean law firm Hwahyun and UK’s Ashurst h...
Nov 29, 2022 (Gmt+09:00)
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Robotics
Korea’s top delivery app operator Woowa launches food delivery robot
The self-driving robot Dilly Tower of Woowa Brothers Corp., the operator of Korea’s top food delivery app Baedal Minjok, commonly known as Bae...
Nov 29, 2022 (Gmt+09:00)
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Corporate bonds
KEPCO raises $368 mn via bond issuance on heated demand
Korea Electric Power Corp. (KEPCO) saw on Nov. 27 around 1.7 trillion won ($1.3 billion) worth of investor bids for its bond issuance targeting 400 ...
Nov 29, 2022 (Gmt+09:00)
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Robotics
Korea’s e-commerce giant Coupang to invest in logistics automation
Coupang Inc. is poised to invest in the automation transformation of its logistics system, according to industry insiders. Headquartered in Seo...
Nov 29, 2022 (Gmt+09:00)
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Aerospace & Defense
S.Korean President Yoon to lead national space policy
South Korean President Yoon Suk-yeol is set to lead the National Space Council, the country’s top control tower for space development, in a bi...
Nov 28, 2022 (Gmt+09:00)
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Korean stock market
Korea to reform market rules to boost foreign investment
South Korea will reform financial market regulations to attract more foreign investments and to achieve MSCI Inc.’s developed market status fo...
Nov 28, 2022 (Gmt+09:00)
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Bio & Pharma
Celltrion to seek FDA approval for sale of Remsima SC by year-end
Celltrion Inc. said it has confirmed the effectiveness and safety of Remsima SC in its third-phase global clinical trials, conducted on 438 patients...
Nov 28, 2022 (Gmt+09:00)
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Chemical Industry
SK picglobal builds DPG-only production facility
SK picglobal, a joint venture between SKC's chemical division and a subsidiary of the Kuwait Petroleum Corporation (KPC) named PIC, have built a pla...
Nov 28, 2022 (Gmt+09:00)
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Automobiles
Kia sells 15 million units in Korea over past 60 years
Kia Corp. has sold its 15 million units on the domestic market since releasing its first vehicle six decades ago in 1962.The company on Monday said ...
Nov 28, 2022 (Gmt+09:00)
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Leadership & Management
Young Poong Precision emerges as key to Korea Zinc control; shares surge
Shares of Young Poong Precision Corp. are flying high as the company is emerging as the key to the control of Korea Zinc Co., which in turn is the c...
Nov 27, 2022 (Gmt+09:00)
Latest News
- 1 Samsung's financial arms beat No.1 banking group KB in profit
- 2 Korea’s airlines plagued by elevated fuel costs, strong dollar
- 3 LG Uplus offers Korean Air gift cards to 5G subscribers
- 4 SK Bioscience sells stake in US vaccine developer Novavax
- 5 Naver Cloud takes the lead in Korea’s public AI business