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Reporter : Lee Kyung-min
Tue, May 30, 2023 | 19:11
Vietnam emerges as source of Korea's biggest trade surplus
Vietnam is now the source of Korea's biggest trade surplus, which reached $34.26 billion (45 trillion won) last year, driven by exports that stood at $60.98 billion, outpacing imports which totaled $26.72 billion, trade ministry data showed.
POSCO International hires IR expert to bolster shareholder value
POSCO International, the trade affiliate of POSCO Group, has appointed Jeong In-cheol as the first head of a new investor relations new division aimed at bolstering the firm's share price and subsequent shareholder value, the firm said Thursday.
Korea to share post-war rebuilding know-how with Ukraine
Minister of Land, Infrastructure and Transport Won Hee-ryong promised Wednesday to share Korea's post-war reconstruction know-how with Ukraine, which is looking forward to fortifying bilateral cooperation for a rapid post-war recovery and economic growth, the land ministry said Wednesday. Won met with Yulia Svyrydenko, Ukraine's first vice prime minister who doubles as minist...
Gov't, private sector work together to advance carbon-free drive
A public-private forum has been launched to help local businesses adjust to the global wave of strengthened greener energy mandates, according to the industry ministry and the country's business network, Wednesday.
Korea promises to help Ukraine rebuild infrastructure
Korea will provide timely and necessary resources and decades of experience to expedite the rebuilding of war-torn Ukraine, the country's top infrastructure policymaker said Tuesday.
Korea seeks Japan's support for World Expo 2030 bid
About 240 high-ranking government officials and business leaders of Korea and Japan shared ways to boost bilateral cooperation, Tuesday, for Korea's bid to host World Expo 2030 in Busan, according to the trade ministry.The Ministry of Trade, Industry and Energy said that the two sides discussed ways for Korea to help Japan successfully organize the World Expo 2025 in Osaka, a...
BMW breaks ground on R&D center in Incheon's Cheongna
BMW Group Korea has begun the construction of a research and development center in Incheon's Cheongna International City, said the Korean office of the global automotive titan, Monday.
Electricity, gas rates to be raised to cap soaring losses
A four-person household will shoulder an additional 7,400 won ($5.52) increase on average in their combined monthly gas and electricity bills from June following an 8 won per kilowatt hour (kWh) hike in power rates and a 1.04 won per megajoule (MJ) rise in gas bills, the government said Monday. The new electricity and gas rates will come into effect from May 16.
'Samsung Electronics to establish high-tech semiconductor R&D base in Japan'
Samsung Electronics will build a development facility in Yokohama, in what is a collaboration between the chip industries of Japan and Korea, according to a Nikkei report, Sunday. Samsung was unavailable for comment.
Kakao restructures money-losing affiliate
Kakao Enterprise, the business-to-business (B2B) subsidiary of Kakao Corp., said it will fortify cloud-based businesses, in a move to restructure the money-losing entity which is certain to extend years of losses that began in 2021.
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