national competitiveness
Scope
Date
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Automobiles
Hyundai, Kia to revamp R&D organization
Hyundai Motor Co. ’s and Kia Corp. are undergoing a comprehensive restructuring of their research and development (R&D) organizations. Thi...
Dec 28, 2023 (Gmt+09:00)
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Business & Politics
South Korea eyes new Arab boom via free trade deal with GCC nations
South Korea has struck a free trade agreement with the Gulf Cooperation Council (GCC), a group of six Arab nations, paving the way for Seoul to stre...
Dec 28, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Ocean carrier HMM's share price gains put KDB in hot seat
On Nov. 20, HMM Co., South Korea’s No. 1 ocean carrier, issued new 200 million shares after its two largest shareholders -- Korea Development ...
Dec 26, 2023 (Gmt+09:00)
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Steel
POSCO named world's most competitive steelmaker
South Korea's POSCO was ranked number one as the world’s most competitive steelmakers for 14 straight years by the global steel analytics Worl...
Dec 21, 2023 (Gmt+09:00)
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Bio & Pharma
DNA testing kit maker Celemics eyes foray into US, India
Celemics Inc., a South Korean diagnostic reagent producer, is gearing up for its foray into the US and India next year in its first step toward glob...
Dec 20, 2023 (Gmt+09:00)
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North Korea
Kim Jong Un urges women to be good comrades — and give birth
SEOUL—Kim Jong Un has a new mission for North Korean women: Have more babies.Kim acknowledged the impoverished nation’s plunging bi...
Dec 07, 2023 (Gmt+09:00)
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Korean startups
Naver-invested Bering Lab tops at Huawei startup contest
South Korea’s artificial intelligence (AI) legal technology startup Bering Lab, with investment from Naver D2 Startup Factory (D2SF), receiv...
Nov 17, 2023 (Gmt+09:00)
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Batteries
SK On, BASF tie up for EV battery materials business
SK On Co., the world’s fifth-largest electric vehicle battery maker, and BASF SE, a major global cell materials producer, joined forces for th...
Nov 15, 2023 (Gmt+09:00)
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Petrochemicals
Saudi Aramco’s $7 bn Korea project mired by labor shortage
Saudi Aramco’s $7 billion petrochemical project in South Korea, in what would be its largest-ever investment in the country, has hit a stumbli...
Nov 10, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea tops global shipbuilding orders in October, surpassing China
South Korean shipbuilders won the most shipbuilding orders worldwide in October 2023. The country overtook China and claimed the lead in the global ...
Nov 07, 2023 (Gmt+09:00)
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Business & Politics
S.Korea to add India, Lithuania to list of nations eligible for E-9 visa
South Korea plans to allow non-professional workers from India and Lithuania to apply for the E-9 visa as the country struggles with a shrinking wor...
Oct 31, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia
RIYADH – Hyundai Motor Co. has agreed with the Public Investment Fund, Saudi Arabia’s sovereign fund, to set up a joint venture to build...
Oct 23, 2023 (Gmt+09:00)
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Automobiles
Hyundai partners with University of London for African market strategy
Hyundai Motor Group announced on Friday its plan to establish two research centers in conjunction with the University of London (UoL) to delve int...
Oct 20, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea’s Gopizza to open branch at Singapore Changi airport
South Korean food tech startup Gopizza, known for its single-serving pizza prepared by robots, on Tuesday said it will open a branch on Nov. 1 at Si...
Oct 10, 2023 (Gmt+09:00)
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Robotics
Hanwha bets big on robots with Hanwha Robotics' official launch
South Korea’s seventh-largest conglomerate Hanwha Group has joined a race to win the burgeoning robot market, with the official launch of Hanw...
Oct 04, 2023 (Gmt+09:00)
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Automobiles
SUVs, small pickups grab largest share of S.Korea's car market
Sport utility vehicles (SUV) and small pickup trucks in South Korea are occupying a larger share of the domestic automotive market.Industry sources ...
Oct 04, 2023 (Gmt+09:00)
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Automobiles
Recreational cars grab largest share of S.Korea's automotive market
Recreational vehicles (RVs) in South Korea like sport utility vehicles (SUV) and small pickups are occupying a larger share of the domestic automoti...
Oct 04, 2023 (Gmt+09:00)
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Bio & Pharma
JW Pharma to conduct Phase 3 trials in Thailand for gout treatment
South Korea's JW Pharmaceutical Corp. on Thursday said it received approval from Thailand's Food and Drug Administration to conduct Phase 3 clinical...
Sep 22, 2023 (Gmt+09:00)
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Fashion
Korea's National Geographic Apparel steps up push into China
South Korean fashion company The Nature Holdings Co. is set to expand the presence of its outdoor clothing brand National Geographic Apparel in Chin...
Sep 06, 2023 (Gmt+09:00)
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Aerospace & Defense
KAI participates in Poland's defense exhibition
Korea Aerospace Industries Ltd. (KAI) announced on Wednesday that it is participating in the MSPO International Defence Industry Exhibition in Kielc...
Sep 06, 2023 (Gmt+09:00)
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Automobiles
Hyundai leads Indonesia’s EV push with locally produced IONIQ 5
Hyundai Motor Co. has emerged as Indonesia’s top electric vehicle seller, driven by its locally produced flagship model, the IONIQ 5, as the S...
Sep 05, 2023 (Gmt+09:00)
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Korean startups
AI webtoon generator Realdraw earns most votes at D.Day
Realdraw, a South Korean developer of artificial intelligence image generation technology, won the country’s oldest startup pitch race D.Day l...
Sep 01, 2023 (Gmt+09:00)
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Economy
Korea’s exports down for 11th month in August but at slower pace
South Korea’s exports shrank last month for 11 consecutive months but signs of a recovery in demand for the country’s mainstay export it...
Sep 01, 2023 (Gmt+09:00)
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Korean food
NewJeans selected as global ambassador for Pepero
Lotte Wellfood announced on Friday that it has appointed K-pop girl group NewJeans as the global ambassador for its iconic snack brand, Pepero. Know...
Sep 01, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea’s Coreline Soft teams up with HCK of Switzerland
South Korea's Coreline Soft, a maker of artificial intelligence (AI)-based imaging diagnostic materials, on Wednesday said it will sell its chest di...
Aug 31, 2023 (Gmt+09:00)
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Electric vehicles
France’s new EV subsidy bill may violate Korea-EU FTA: KITA
The South Korean auto industry has called for an amendment in France’s new subsidy policy for electric vehicle purchases after voicing concern...
Aug 30, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung’s tie-up with VMware to strengthen SSD competitiveness
LAS VEGAS – Samsung Electronics Co. has partnered with US cloud software provider VMware Inc. to strengthen its competitiveness in the next-ge...
Aug 24, 2023 (Gmt+09:00)
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Corporate restructuring
LG Chem to sell film factories amid shift to new growth drivers
LG Chem Ltd., South Korea’s chemical major, is seeking to sell its film factories at home amid accelerating business reorganization centered a...
Aug 23, 2023 (Gmt+09:00)
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Automobiles
42dot gets vehicle cybersecurity certification
42Dot, a self-driving technology affiliate of Hyundai Motor Group, said on Tuesday that it received a certification of ISO/SAE 21434 Cyber Sec...
Aug 22, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver's translation app Papago faces challenge from German competitor
A German competitor has entered South Korea's translation tool market to challenge No. 1 Naver Corp. and No. 2 Google.The Cologne, Germany-based art...
Aug 18, 2023 (Gmt+09:00)