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Fri, September 30, 2022 | 02:38

Rubber Duck returns to Seoul after eight years

The giant yellow Rubber Duck, which attracted 5 million visitors in 2014, returns to Seoul after eight years. This time, it came with its friends -Rainbow Duck, Skull Duck, Dracula Duck and Ghost Duck to celebrate Halloween next month. Lotte Property & Development (Lotte P&D), the operator of Lotte World Tower and the company that brought the 3D artwork to Korea, said the 18-...

Kim Jae-heun | 2022-09-29 17:06

Lotte Group expands overseas investments

Lotte Group is investing 7 trillion won ($4.87 billion) in Southeast Asia, the United States and Europe, following its announcement to invest 37 trillion won in the Korean market, the group said, Thursday. Chairman Shin Dong-bin recently visited Indonesia's LINE investment project and the groundbreaking ceremony of Vietnam's Thu Thiem Eco Smartcity project to inspect the cong...

2022-09-29 17:00

'China-oriented lithium supply chain hurts local battery ecosystem'

Korea needs to diversify the current global supply chain to reduce its growing reliance on China for lithium, a key raw material needed in order to produce battery cathodes, a report showed, Thursday.

Lee Kyung-min | 2022-09-29 16:58

SsangYong to export 170,000 vehicles to Saudi firm by 2030

SsangYong Motor, a Korean SUV-focused carmaker, said Thursday it will export about 170,000 vehicles to a Saudi Arabian company by 2030 in the form of semi knockdown (KD) units.

2022-09-29 15:33

KITA appoints Jeong Marn-ki as executive vice chairman

The Korea International Trade Association has appointed Jeong Marn-ki, chairman of the Korea Automobile Industry Association, as its vice chairman. “He is an expert who has deep understanding of the industry and is well-versed in trade policy,” KITA Chairman Koo Ja-yeol said.

Kim Hyun-bin | 2022-09-29 11:38

Strengthen economic cooperation

Korea Enterprises Federation (KEF) Chairman Sohn Kyung-shik, right, speaks to Chinese Ambassador to Korea Xing Haiming during a meeting hosted by the KEF at the Westin Chosun Hotel in Seoul, Thursday. Since 2020, the KEF has invited the Chinese ambassador annually to discuss ways to strengthen economic cooperation between Korea and China. / Courtesy of the KEF

Kim Hyun-bin | 2022-09-29 10:47

Kia to launch high-performance electric model EV6 GT

Kia Corp., South Korea's second-biggest carmaker, said Thursday it will launch the pure electric high-performance model EV6 GT in the domestic market next week in a move to beef up its EV lineup.

2022-09-29 09:36

Korean Air involved in minor collision incident at Heathrow airport

Korean Air Lines, Korea's national flag carrier, said Thursday there was a minor collision incident involving its aircraft and an Icelandair plane at London Heathrow airport. No injuries have been reported.

2022-09-29 09:36

RDA helps boost global food security by sharing agricultural knowhow

The Rural Development Administration (RDA) hosted the “Korean Culture and Information Service (KOCIS) Policy Forum with the Administrator of RDA” at the Korea Press Center in Seoul, Wednesday, highlighting the RDA's official development assistance (ODA) in agricultural technology, future direction and its accomplishments.

Kim Hyun-bin | 2022-09-29 09:11

Government urged to improve industrial regulations in line with international standards

The European Chamber of Commerce in Korea (ECCK) is calling on the Korean government to consider revising regulations on electric vehicles (EVs) and other industrial sectors to provide more procedural clarity and flexibility in line with international standards. The ECCK made the recommendations in its latest annual white paper, which contains a total of 96 comments on regula...

Kim Hyun-bin | 2022-09-28 16:48

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