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The Asian Forest Cooperation Organization (AFoCO) said it had signed an agreement with Woori Financial Group to cooperate for climate control through sustainable forest management and environmental, social and corporate governance. The AFoCO is an international organization established upon Seoul’...
South Korean researchers have found a new cause behind the memory impairment in Alzheimer’s disease, the Institute for Basic Science said Thursday. The researchers at IBS and Korea Institute for Science and Technology have pinpointed a process, the urea cycle, that takes place in astrocytes, whic...
JEJU CITY -- The new and partially electrified SUV lineup Lexus NX could be an alternative for big car-loving Korean customers looking for a fuel-efficient vehicle that does not compromise on luxury. NX 450h+, the first plug-in hybrid vehicle from the luxury auto brand, can drive up to an average ...
South Korean builder Daewoo E&C is gearing up for further expansion in Vietnam with a comprehensive plan to invest in infrastructure building, logistics and energy. To support the builder’s Vietnam project, Jungheung Group Vice Chairman Jung Won-ju, along with a business delegation, on Wednesday ...
South Korea’s financial authorities on Thursday warned of a “perfect storm” approaching the nation’s economy, while pledging to pump liquidity into financial institutions to cushion them from growing risks, if needed. The concerns come as the US Federal Reserve’s aggressive rate hikes, a stro...
Hyundai Mobis said Thursday that it has developed the world’s first biotech mobility system that analyzes the driver’s health status by checking multiple vital signs. The firm plans to further develop this tech into a mobility system that can monitor for drunk driving. The latest tech, called Sm...
GM Korea launched its premium SUV and pickup truck brand GMC in South Korea on Wednesday, renewing its marketing strategy to target diversified customer demands. Calling it a multi-brand strategy, the new plan is about having many of its global brands, including Chevrolet, Cadillac, and GMC, provi...
President Yoon Suk-yeol on Tuesday hailed the successful launch and praised everyone involved in the Nuri rocket project, saying that South Korea’s space challenges were “just beginning.” He also underlined a pledge from his presidential election campaign to establish a state-level aerospace ag...
LG Electronics and Kakao Mobility have teamed up to create a new ecosystem for future mobility as they jointly develop services like delivery robots and in-car infotainment systems. The two firms recently signed a memorandum of understanding with their chief technology officers in attendance, they...
Citigroup’s South Korean subsidiary has said it will cooperate with local financial giant KB Kookmin Bank and the internet-only Toss Bank on transferring its unsecured personal loan portfolio worth some 8 trillion won ($6.1 billion). The move is part of Citibank Korea’s decision announced in Oct...
South Korea’s energy-to-retail conglomerate GS Group said Wednesday that it has published its first environmental, social and governance report which contains three key execution plans under a slogan of “Grow Sustainably, GS.” The company said the slogan illustrates the firm’s willingness to m...
Posco said Wednesday that it has teamed up with Brazil’s largest raw material supplier, Vale, to donate $100,000 to Food for the Hungry, an international relief program, as part of their humanitarian efforts jointly pledged last year. The two firms have maintained close ties for more than 40 year...
Debt owed by South Korean households and companies in the first quarter of this year reached a combined 3,468.4 trillion won ($2.6 trillion), or 219.4 percent of South Korea’s gross domestic product, the Bank of Korea said Wednesday, warning a rate hike could worsen repayment burdens and hurt peop...
Line Plus, the global arm of messaging app provider Line Corp., said Monday that it will implement a new work system called “Line Hybrid Work 2.0” in July, which includes guidelines on working remotely from abroad. Starting July 1, Line Plus employees will be able to work remotely from anywhere ...
South Korea is expected to record this year its first annual trade deficit since the global financial crisis in 2008, the Korea International Trade Association said in a report released on Wednesday. The country is projected to post an annual trade deficit of $14.7 billion due to high oil prices, ...
Morocco promises robust incentives for Korean businesses
Incheon Airport completes expansion to handle 100m passengers annually
Renault Grand Koleos rises as 'game changer' in hybrid SUV market
Woori Bank taps corporate banking expert as next CEO
Zyx Technology, TMA Solutions join hands for global AI collaboration
[Contribution] Preparing for future with strategic public procurement