World Trade Organization
Scope
Date
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Economy
S.Korean companies expect exports to decline in 1% range this year
South Korea's companies expect both sales and exports this year to decline in the 1% range from last year, predicting economic growth in the low 1% ...
Jan 04, 2023 (Gmt+09:00)
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Electric vehicles
SK Networks completes acquisition of local EV charging platform operator
SK Networks Co., a South Korean general trading firm, said on Jan. 3 it has completed the acquisition of SS Charger Co., a leading electric car char...
Jan 03, 2023 (Gmt+09:00)
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Korean chipmakers
Applied Materials injects $40 mn in glass substrate maker Absolics
Applied Materials Inc., a global leading equipment and software supplier to semiconductor makers, has invested 51 billion won ($40.2 million) in Abs...
Jan 03, 2023 (Gmt+09:00)
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Energy
POSCO Int’l completes merger with energy affiliate
South Korea’s POSCO International Co. completed a merger with its affiliate POSCO Energy Co. on Jan. 1, which the trading company said would f...
Jan 02, 2023 (Gmt+09:00)
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Economy
S.Korea logs record trade deficit in 2022; outlook dim
South Korea suffered a record trade deficit last year as the ongoing war in Ukraine ramped up energy import bills, while the outlook remained dark w...
Jan 01, 2023 (Gmt+09:00)
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Aerospace & Defense
Korea’s 1st moon probe Danuri enters lunar orbit; world’s 7th mission
South Korea on Wednesday became the world’s seventh country to send a lunar orbiter to the moon, joining other advanced countries in a heated ...
Dec 28, 2022 (Gmt+09:00)
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Economy
Korea Fair Trade Commission opens unit to review global M&As
The Korea Fair Trade Commission (KFTC) on Tuesday said it will open a division specifically for reviewing global M&As given the recent growth of...
Dec 28, 2022 (Gmt+09:00)
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Bio & Pharma
Medipost's Cartistem shows effects on patellar cartilage defect patients
Medipost's knee osteoarthritis treatment Cartistem has been mentioned in a renowned international journal, showing that it is effective even in pati...
Dec 27, 2022 (Gmt+09:00)
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Chemical Industry
FarmHannong's herbicide Terrad'or enters Brazil
FarmHannong, South Korea's leading agricultural chemicals producer, said on Tuesday that its new herbicide Terrad'or has been registered as a new he...
Dec 27, 2022 (Gmt+09:00)
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ESG
SK Inc. gets highest AAA grade in MSCI's ESG rating
SK Inc., SK Group's investment arm, won the highest AAA ratings from both Morgan Stanley Capital International (MSCI) and the Dow Jones Sustainabili...
Dec 27, 2022 (Gmt+09:00)
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Economy
S. Korea foresees recession in falling freight prices, wages
Global ocean freight prices are falling amid a darkening outlook for South Korea, as Asia’s fourth-largest economy heavily depends on overseas...
Dec 26, 2022 (Gmt+09:00)
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Batteries
SKC to showcase innovative chip, battery materials at CES 2023
SKC Ltd., a South Korean chemical materials maker, will showcase innovative materials for rechargeable batteries and semiconductors at CES 2023, the...
Dec 25, 2022 (Gmt+09:00)
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Electric vehicles
Korea’s local govts gear up to lure Tesla for Gigafactory
All of South Korea’s major municipal governments are gearing up to be considered as the site of a new Gigafactory, Tesla Inc.’s manufact...
Dec 23, 2022 (Gmt+09:00)
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Metaverse
CU to introduce shopping platform on metaverse
Convenience store chain CU said on Thursday that it would introduce a meta-commerce service where online business activities take place on the met...
Dec 22, 2022 (Gmt+09:00)
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Logistics
KTNET shows off logistics platform for tracking cargo, documents
The Korea Trade Network (KTNET) held a grand opening event for its uTH 2.0, a digital trade logistics platform, in partnership with the Korea Intern...
Dec 22, 2022 (Gmt+09:00)
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Economy
Vietnam emerges as South Korea's No. 3 trading partner
Vietnam will finish this year as South Korea's No. 3 trading partner and the country with which the latter has the largest trade surplus, a study ha...
Dec 22, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Samsung Chairman Jay Y. Lee flies to Vietnam for global business
Samsung Electronics Co. Chairman Jay Y. Lee embarked on a business trip to Vietnam on Wednesday to attend an opening ceremony for a research and dev...
Dec 21, 2022 (Gmt+09:00)
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Energy
SK E&S builds world's largest production base for blue hydrogen
South Korea's SK E&S has accelerated a blue hydrogen project in Boryeong, South Chungcheong Province, in what will be the world's largest comple...
Dec 21, 2022 (Gmt+09:00)
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Korean stock market
Ndream, Wisenut start trading on K-OTC
Shares of South Korea's two tech startups, Ndream and Wisenut, will start trading on Korea's over-the-counter market, or K-OTC, on Thursday, the Kor...
Dec 21, 2022 (Gmt+09:00)
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Batteries
LG Energy to spend $3.1 bn on 4680 battery plant in S.Korea
LG Energy Solution Ltd., the world’s No. 2 electric vehicle (EV) battery maker, is poised to spend $3.1 billion on facilities in South Korea t...
Dec 19, 2022 (Gmt+09:00)
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Electronics
Samsung unveils gaming experience zone at Selfridges London
Samsung Electronics Co., the world's largest chipmaker and a global electronics giant, announced on Sunday it will open a gaming simulator experience ...
Dec 19, 2022 (Gmt+09:00)
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Chemical Industry
KCC's paint selected as World-Class Product for 14 consecutive years
South Korea's leading chemical and auto parts supplier KCC Corp. said on Thursday that its anti-rust and anti-fouling paints for ships and ceramics ...
Dec 16, 2022 (Gmt+09:00)
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Banking & Finance
Hana Bank signs agreement for 24-hour forex trading
Hana Bank said on Friday that it signed a strategic memorandum of understanding (MOU) with Toss Securities for 24-hour foreign exchange trading at t...
Dec 16, 2022 (Gmt+09:00)
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Bio & Pharma
LG Chem in $95.5 million drug out-licensing deal with China’s Innovent
LG Chem Life Sciences, the biopharmaceutical unit of LG Chem Ltd., and China’s biotech company Innovent Biologics have entered into a strategi...
Dec 15, 2022 (Gmt+09:00)
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ESG
SK Ecoplant earns AA grade for FTC's voluntary compliance program
South Korea's construction engineering company SK Ecoplant Co., Ltd. is accelerating its environmental, social, and governance (ESG) management effo...
Dec 14, 2022 (Gmt+09:00)
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Automobiles
Ace View’s surround view monitoring system works at high speed
Ace View Co., a South Korean surround view monitoring system provider, has unveiled a new product that works at driving speeds of as high as 100 km ...
Dec 12, 2022 (Gmt+09:00)
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Markets
Leading S.Korean trade body, 31 brokerages urge delay in financial investment tax
South Korea's Korea Financial Investment Association and 31 domestic securities companies on Sunday released a joint statement urging a delay in the...
Dec 12, 2022 (Gmt+09:00)
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ESG
KB Financial included in DJSI for 7 consecutive years
KB Financial Group has been included in the 2022 Dow Jones Sustainability World Index for seven years in a row announced by Standard & Poor's Gl...
Dec 12, 2022 (Gmt+09:00)
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Supply chain
KITA sees exponential jump in demand for key minerals within 20 years
Amid the global supply chain crisis and growing trade protectionism by major economies, a study by a major trade body in South Korea says the nation...
Dec 09, 2022 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom gets global approval for UAM-interworking tech standard
South Korea's SK Telecom Co. on Thursday said the International Telecommunication Union's Telecommunication Standardization Sector (ITU-T) approved ...
Dec 09, 2022 (Gmt+09:00)