Samsung E&A (formerly known as Samsung Engineering) has announced its first overseas order from Saudi Arabia after changing its name.Samsung E&A announced on April 3 that it held a signing ceremony with Saudi Arabia’s national oil company Aramco for the Fadhili Gas Increment Program’s Packages 1 and
Qoo10 has acquired AK Mall, an internet shopping mall previously operated by AK Plaza, through its subsidiary, Interpark Commerce.Interpark Commerce finalized a business transfer agreement with AK Plaza for AK Mall on the March 27.AK Mall has been known for selling products from department stores wi
The value of overseas construction orders to Korean contractors exceeded US$30 billion for the fourth year in a row in 2023. Korean builders’ target for 2024 is US$40 billion. They have been looking for opportunities in overseas markets as the Korean real estate market has been slumping for a long t
The number of properties purchased by foreigners exceeded 15,000 in Korea in 2023, marking a new high of foreigner real estate buyers on record.According to the latest data on buyers applying for registrations of ownership transfer after purchases and sale on the court registration information plaza
The Korean Ministry of Trade, Industry and Energy (MOTIE) and the Korea Trade-Investment Promotion Agency (KOTRA) announced on March 10 that they held the Korea-UAE Future Technology Partnership Plaza in Dubai of the United Arab Emirates (UAE) for two days from March 6 to 8.The event was held to sho
This year it is projected that the annual overseas construction contract orders for South Korean companies will reach US$40 billion. It is expected that the contract amount will expand compared to previous years through projects such as nuclear power plants, renewable energy, and investment developm
SK Life Science, Inc., a subsidiary of SK Biopharmaceuticals Co., Ltd., an innovative global pharmaceutical company focused on developing treatments for central nervous system (CNS) disorders and oncology, will present data on cenobamate at the American Epilepsy Society (AES) Annual Meeting, to be h
The Korea Startup Forum (Chairman Jae-Wook Park, hereinafter referred to as KSF), the organizing organization of the global startup festival COMEUP, announced that COMEUP 2023, which was held at Dongdaemun Design Plaza (DDP) for three days from November 8 to 10, attracted about 66,000 people. It was
La French Tech Seoul, in collaboration with the French-Korean Chamber of Commerce and Industry (FKCCI), successfully concluded the Tech4Good Tour 2023 in Seoul on the 10th, following a week-long exploration of the Korean market with a delegation of innovative startups and SMEs from France. The trans
La French Tech is thrilled to announce the grand celebration of its 10th anniversary during the Tech4Good Tour 2023. The event will take place on Monday, November 6th, from 9:30 AM to 5:00 PM at the Novotel Ambassador Hotel Dongdaemun, a day filled with innovation, networking, and inspiring presenta
Global startup event Come Up 2023, hosted by the Ministry of SMEs and Startups and managed by the Korea Startup Forum (KSF), will be held for three days from Nov. 8 at Dongdaemun Design Plaza (DDP) in Seoul.Minister Lee Young emphasized that this event aims to globalize and serve as a growth platfor
The Ministry of SMEs and Startups (Minister LEE Young, hereinafter referred to as MSS) and the Korea Startup Forum (KSF, Chairman PARK Jae-wook, CEO of SOCAR) held a press briefing on COMEUP 2023 at Dreamplus in Gangnam-gu, Seoul on October 30.COMEUP is an annual event aimed at showcasing South Kore
With the efforts to secure the hosting of the 2030 Busan World Expo nearing its conclusion, Official Development Assistance (ODA) support for developing countries has emerged as a key focus to secure the favor of these countries. This is seen as an intention to solidify the favor of developing count
Incheon Free Economic Zone (IFEZ) celebrates its 20th anniversary on Oct. 15, marking two decades of steering South Korea’s economic growth.Incheon Free Economic Zone (IFEZ), composed of Songdo, Cheongna, and Yeongjong International Cities, was designated as South Korea’s first free economic zone on
The inaugural Seoul Smart City Prize winners received their awards from the World Smart Sustainable Cities Organization (WeGO) during a ceremony at Dongdaemun Design Plaza on Monday, Sept. 25.Odense and Wellington were the top cities recognized, alongside the mayors of Dhaka South City Corporation a
Seoul Metropolitan Government (SMG) and the World Smart Sustainable Cities Organization (WeGO) will award the inaugural Seoul Smart City Prize on Monday, Sept. 25.Established this year by WeGO and SMG, the prize aims to promote human-centered smart city initiatives. It recognizes efforts by city gov
Korea Startup Forum (KSF), the organizer of COMEUP, Korea’s most prominent startup event, announced that it held the ‘COMEUP 2023 Preview & Workshop in BUSAN’ from August 31 to September 1 at Citadines Connect Hari Busan.The workshop was held in advance of the main event, COMEUP 2023, on November 8-
Twelve executives, including the CEO of Saudi Arabia’s Neom, visited Seoul on the occasion of the Neom City exhibition, the first of its kind in Asia.Holding a media conference on July 25, the day before the opening of the Neom exhibition at Dongdaemun Design Plaza (DDP) in Seoul, the executives emp
Korean Minister of Land, Infrastructure, and Transport Won Hee-ryong met with Saudi Arabia’s Neom Company CEO Nadmi Al-Nasr for the second time, following a meeting in Saudi Arabia in November 2022, in an effort to help major Korean companies win large construction orders for Neom City.According to
The South Korean government plans to contribute US$10 million to the World Bank’s Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund for Ukraine’s reconstruction.On July 18, according to the Ministry of Strategy and Finance, while attending the G20 Finance Ministers’ meeting in Gandhinag