Korea Western Power
Scope
Date
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Aerospace & Defense
Hanwha Systems soon to install radar on S.Korea fighter jet
The active electronically scanned array (AESA) radar developed jointly by the Agency for Defense Development (ADD) and defense contractor Hanwha Sys...
May 19, 2023 (Gmt+09:00)
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Hydrogen economy
Korea's SK E&S plans $14 bn joint investment in hydrogen biz
South Korea’s SK E&S Co. is poised to spend 18.5 trillion won ($13.9 billion) with partners by 2025 to set up a hydrogen industry value ch...
May 19, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea's Osteonic starts sports medicine exports to Japan
South Korea's surgical and medical instruments maker Osteonic Co. on Thursday announced the start of exports of its Kinex sports medicine products t...
May 19, 2023 (Gmt+09:00)
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Machinery
Hanmi Semiconductor named world’s top 10 chip equipment maker
South Korean chip equipment maker Hanmi Semiconductor Co. on Thursday said it made the world’s top 10 in the rankings of TechInsights, a globa...
May 19, 2023 (Gmt+09:00)
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Business & Politics
S.Korea business lobby group regrets past political role
The Federation of Korean Industries (FKI) on Thursday said it deeply regretted the political role it took in the previous governments and vowed to b...
May 18, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha Systems, KAI sign contracts to develop SAR satellites
Hanwha Systems Co. and Korea Aerospace Industries Ltd., Korea’s two leading aerospace and defense companies, have clinched deals with a govern...
May 18, 2023 (Gmt+09:00)
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Bio & Pharma
Sartorius to build $600 mn Korea facilities, open to more investment
Sartorius AG, a global pharmaceutical and laboratory equipment supplier, plans to spend $600 million on its first facilities in South Korea, about s...
May 18, 2023 (Gmt+09:00)
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Retail
Korea's E-Mart shares tumble despite push for profitability
South Korea’s largest hypermarket chain E-Mart Inc., a unit of a local retail giant Shinsegae Group, suffered a drop in its share prices to a ...
May 18, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung to launch Galaxy A24 in S.Korea to target low-end market
Samsung Electronics Co. announced on Thursday that it will release the Galaxy A24, a budget phone model in the domestic market on Friday to targetin...
May 18, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea's i-Sens buys US glucose-measuring device maker for $27 mn
South Korean maker of diabetes-related devices i-Sens Inc. on Wednesday announced its planned acquisition of AgaMatrix, an American manufacturer of ...
May 18, 2023 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea's top 3 telecom companies boost pet-related services
South Korea's top three telecommunication companies are expanding their pet-related services to attract as customers the estimated 15 million owners...
May 18, 2023 (Gmt+09:00)
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Business & Politics
S.Korea to send $130 mn in aid for Ukraine’s reconstruction
South Korea will aid the reconstruction of Ukraine, which is at war with Russia, through loans worth $130 million from the Economic Development Coop...
May 18, 2023 (Gmt+09:00)
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North Korea
N.Korea's military reconnaissance satellite launch imminent
North Korean leader Kim Jong-un broke a month of stealth to visit the site of preparations for the launch of the first military reconnaissance satel...
May 18, 2023 (Gmt+09:00)
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Travel & Leisure
Get away from it all? Korea is a must-visit, says Airbnb's strategy officer
This summer is expected to be one of the busiest travel seasons seen in a while.Trapped in the COVID-19 pandemic lockdown over the past couple of ye...
May 17, 2023 (Gmt+09:00)
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Batteries
S.Korea, Canada to bolster key minerals supply partnership
South Korea and Canada will make close cooperation to strengthen their supply chains of critical minerals such as uranium and nickel, key materials ...
May 17, 2023 (Gmt+09:00)
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Automobiles
Chevrolet Trailblazer tops in US small SUV market
Chevrolet Trailblazer claimed the top spot in the subcompact crossover SUV market in the United States in the month of April. It maintained its posi...
May 17, 2023 (Gmt+09:00)
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Korean chipmakers
Amkor to top semiconductor packaging sector with better tech
Amkor Technology Inc., the world’s No. 2 semiconductor packaging company, aims to take the sector throne by improving technology competitivene...
May 17, 2023 (Gmt+09:00)
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Korean food
S.Korea’s popular donut brand Knotted to enter US market
South Korean lifestyle hospitality startup Good Food For Good (GFFG) announced on Wednesday a strategic plan called "New GFFG 2.0." The plan aims to...
May 17, 2023 (Gmt+09:00)
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Regulations
Korea to require pre-disclosure of major shareholder stake sales
South Korea is set to require pre-disclosures of major shareholders’ listed company stake sales in an aim to prevent tumbles in stock prices.A...
May 17, 2023 (Gmt+09:00)
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Electronics
Samsung’s Galaxy Book3 controls more than half of Korea’s laptop market
When Samsung Electronics Co. reported the worst quarterly loss for its semiconductor business last month, it found hope and relief in its mobile bus...
May 16, 2023 (Gmt+09:00)
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Artificial intelligence
AskUp aims to make life more convenient, even with highball recipes
Amid the generative artificial intelligence technology sensation, businesses scramble to get creative in using AI to bolster their sales, and a Sout...
May 16, 2023 (Gmt+09:00)
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Future mobility
Hyundai Rotem's hydrogen fuel cell tram wins iF Design Award
Hyundai Rotem is South Korea's first rail company to win a global design award, with its hydrogen fuel cell tram claiming the main prize in the pr...
May 16, 2023 (Gmt+09:00)
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Automobiles
S.Korea’s January-April car exports at record high of $23.2 bn
In an impressive surge, South Korea's automobile exports soared to an unprecedented high of $6.16 billion (8.2 trillion won) in April, marking a sta...
May 16, 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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Perspectives
US default drama is last thing South Korea needs
At a White House dinner last month, Yoon Suk Yeol turned heads singing Don McLean’s “American Pie.” It was a uniquely lighthearted m...
May 16, 2023 (Gmt+09:00)
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Business & Politics
Korea starts building Shin Hanul, reviving aim to be nuclear powerhouse
South Korea has begun construction of the main parts of the Shin Hanul nuclear reactors No. 3 and No. 4, reviving its goal of becoming a global nucl...
May 15, 2023 (Gmt+09:00)
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Retail
SE Asian visitors revive Seoul’s tourism industry
In Myeongdong, Seoul’s shopping mecca, on May 14, street vendors were busy soliciting foreign tourists, greeting them in their mother tongues ...
May 15, 2023 (Gmt+09:00)
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Artificial intelligence
Samsung, Naver to jointly develop generative AI to rival ChatGPT
South Korea’s two tech giants – Samsung Electronics Co. and Naver Corp. – have agreed to jointly develop a generative artificial i...
May 14, 2023 (Gmt+09:00)
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Entertainment
YG’s new girl group lifts stock price to decade high
YG Entertainment Inc., the K-pop label behind global sensation Blackpink, saw its stock hitting the highest point in more than 10 years as a new gro...
May 12, 2023 (Gmt+09:00)
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Bio & Pharma
K-Bio Lab Hub, Japan's iPark to jointly support bio startups
South Korean Ministry of SMEs and Startups announced on Friday that it has reached the previous day an agreement with Japan's iPark Institute duri...
May 12, 2023 (Gmt+09:00)