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Korea Aerospace Industries is seeking to expand to Central Europe, the firm said Thursday, as it promoted the homegrown FA-50 light attack fighter during the International Defense Exhibition Bratislava 2022 in Slovakia. “We are prioritizing looking for new markets in Central Europe for FA-50 as t...
The global cryptocurrency market has been shaken up by the freefalling prices of Korean-made cryptocurrency terraUSD, also known as UST, and its sister token luna, raising concerns that it may lead to the crypto market’s version of the Lehman Brothers collapse. According to crypto market analysis...
South Korean auto parts maker Hyundai Mobis has been quickly shifting its focus toward software development and platform-focused technology, the company said Wednesday. The firm’s move is part of its effort to ride on the global automotive industry’s changing paradigm toward products and service...
SEJONG -- The Yoon Suk-yeol administration is moving to offer 6 million won ($4,700) or more per self-employed person in its supplementary budget, as part of the new government’s first policy to compensate those who suffered financial loss from state-led business restrictions amid the COVID-19 pan...
By Kan Hyeong-woo ( hwkan@heraldcorp.com )
Korea Chamber of Commerce and Industry Chairman Chey Tae-won on Wednesday stressed his desire to help mend the frayed ties between Seoul and Tokyo, saying their partnership will play a role in tackling ongoing geopolitical uncertainties. “Amid ever-changing global situations, hit by supply chain ...
Lee Jong-ho, the new science and ICT minister, stressed the importance of securing core technologies of semiconductors, artificial intelligence, space and bio in his inaugural speech on Wednesday. “In an era where technology is sovereignty, the public and private sectors must consolidate their ca...
By 2025, flying taxis, or urban air mobility (UAM) vehicles, in South Korea could be accessed at gas stations located near major cities. Oil refiner GS Caltex, along with five leading companies in telecom, mobility and airline businesses, have formed a consortium to jump into the future mobility m...
The Yoon Suk-yeol government is looking to make it easier for “vulnerable groups” to take out loans to follow through on his campaign promise, while offering better protection to consumers from predatory lending and unfair corporate practices. The groups refer to self-employed people, small busi...
LG Energy Solution Ltd. and the Research Institute of Industrial Science and Technology (RIST) said on Wednesday they agreed to conduct a joint research project to develop smart factory technologies. Among the technologies the country’s top battery maker and the Posco-founded think tank plan to d...
The benchmark Kospi hit a 17-month low on Tuesday on persistent market concerns over runaway inflation and sluggish growth despite President Yoon Suk-yeol’s optimistic economic outlook at his inauguration. The Kospi closed at 2596.56 points, the lowest level since Nov. 30, 2020, when it reached 2...
SEJONG -- Almost 1 out of every 2 state-funded agencies in South Korea were in the red last year, state data showed Tuesday, in the wake of the ongoing pandemic and soaring oil prices. Of the 362 public agencies surveyed, 170, or 46.9 percent, suffered operating losses in 2021, according to Alio, ...
Chinese automotive manufacturer Geely Auto of Zhejiang Geely Holding Group is acquiring a 34.02 percent stake in Renault Korea Motors, as part of a strategic effort to establish a foothold in the local market for expanding its overseas presence, according to experts. Hangzhou-based Geely Automobil...
Researchers at the Korea Advanced Institute of Science and Technology said they succeeded in real-time visualization and measurement of floral scent emission for the first time in the world. Using optical interferometry, research teams led by mechanical engineering professor Kim Hyoung-soo and bio...
Samsung Electronics has reclaimed the No.1 spot by monthly sales in India, buoyed by the return of its Galaxy Note successor Galaxy S22 Ultra, a phablet with built-in stylus S Pen support, data showed Tuesday. Samsung emerged as the leader in overall smartphone sales and shipments for the first ti...
Korbit delists luna, vows customer protection
S. Korea becomes world’s 10th largest luxury market: report
5 local airports to resume operating 22 international routes in June
Samsung SDI, Stellantis to build $2.5b battery plant in Indiana
Hyundai E&C, Westinghouse to build nuclear power plants
[Exclusive] Hybe to make up 10% of KPOP ETF
Hyundai Motor Group, Microsoft partners to measure EV battery life
Inflation outlook highest in 9 years ahead of rate hike