The water industry is generally defined as the business of producing and supplying potable water and industrial water needed for households and industries, as well as transporting and treating wastewater. The water industry is expected to steadily grow due to factors such as worsening water scarcity
South Korea has emerged as the leader in mobile communication speed among major countries in the Asia-Pacific region, with its 5G technology also ranked as the fastest globally.According to OpenSignal, a British market research firm, South Korea recorded the fastest mobile download speed of 140.2 Mb
Korea and the Gulf Cooperation Council (GCC) have finalized negotiations on a free trade agreement (FTA). The Korea-GCC FTA is Korea’s twenty-fifth FTA and the second with the Arab world after the Korea-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (CEPA). As Korea has gain
Amid growing global attention on the Middle East due to an armed conflict between Israel and the Palestinian militant group Hamas, the number of overseas subsidiaries established by large Korean companies has surpassed 110 in major Middle Eastern countries, according to a survey.The Korea CXO Instit
SPC Group’s bakery brand, Paris Baguette, is set to make a full-fledged entry into the US$2 trillion halal market.SPC, a participant in the Presidential Saudi-Qatar Economic Delegation, announced on Oct. 24 that it had signed a joint venture partnership memorandum of understanding (MOU) for Paris Ba
EOFlow Co. announced on Feb. 14 that GulfDrug LLC of the United Arab Emirates (UAE), its partner in the Gulf region, launched its tubeless, wearable, and disposable insulin pump “EOPatch” in the UAE.Beginning in February 2023, it becomes possible in the UAE to control and manage insulin infusions wi
On Oct. 11, LS Group invited ambassadors to Korea from five Gulf Cooperation Council (GCC) member countries to LS Yongsan Tower in Seoul, while expecting to land orders for large-scale projects from major oil-producing countries thanks to recent high oil prices. A presentation on future business tec
EOFlow Co., a provider of wearable drug delivery solutions, announced on March 31 that it has signed a contract with Gulf Drug of the United Arab Emirates (UAE) to supply 48.8 billion won (US$40 million) worth of EOPatch, a disposable and wearable insulin pump, over the course of five years.The comp
Ookla said on Dec. 16 that the Samsung Galaxy S21 Ultra (5G phone released this year) has a median download speed of 221.18 Mbps, that of the Galaxy Note 20 Ultra (5G phone released last year) is 199.91 Mbps, and 122.17 Mbps is that of the Galaxy Note 10+, which was released in 2019 at the beginning
Ookla conducted tests in 24 countries in the third quarter of this year and announced on speedtest.net that South Korea recorded an average of 80.4 percent when it comes to how long a 4K mobile video maintains the 4K video quality during the entire playback.South Korea came in first, followed by Swi
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Large Korean construction players’ 3Q21 housing sales mostly met consensus, but GS E&C and Daewoo E&C disappointed expectations on one-off losses at their overseas arms. Although there is no valu
Incheon Free Economic Zone (IFEZ) Authority said 12 Bahraini officials, including Speaker of the Council of Representatives Fawzia bint Abdulla Zainal, visited the Public Relations Center and the Smart City Operation Center in G Tower, Songdo of Incheon on Sept. 1.The visit was paid in return for Ko
The number of COVID-19 infections confirmed after vaccination in foreign countries and quarantine exemption in South Korea is on the increase. More than 60 percent of those cases are related to Chinese COVID-19 vaccines.The quarantine exemption for those vaccinated abroad was implemented on the firs
Chong Kun Dang announced on July 5 that it has signed a contract with Oman’s pharmaceutical company Menagene Pharmaceutical Industries to export “Nesbel,” a second-generation biosimilar for anemia treatment.Menagene plans to sell Nesbel in six countries in the Middle East -- Oman, Saudi Arabia, the
The United States has decided to impose an anti-dumping duty of up to 5.04 percent on South Korean common alloy aluminum sheet manufacturers.Reuters reported on March 2 (local time) that the United States Department of Commerce made such decisions in relation to 18 countries, including Germany, Bahr
LS Cable & Systems has recently signed a contract with Denmark’s Osted, the world's No. 1 offshore wind power developer, to supply ultra-high-voltage underwater cables for five years.Earlier in 2020, LS Cable & Systems won orders worth nearly 400 billion won from Bahrain, the Netherlands and the
Kia Motors Corp. has announced the launch of ‘Live Stream Showroom,’ a new online platform that offers customers access to personalized virtual viewings in select Kia dealerships. The new platform was introduced initially in Qatar, Saudi Arabia and Pakistan, and is being expanded throughout the Midd
The aggregate value of the global stock market hit this year’s bottom on March 24 in the wake of the COVID-19 outbreak. Bloomberg recently looked into 86 stock markets around the world and announced on May 24 that the aggregate value of the South Korean stock market increased 27.71 percent from Marc
Korea Rail Network Authority announced on March 31 that it has signed a business cooperation agreement with Korea Expressway Corp. to jointly develop overseas railway-road complex projects and cooperate in large-scale public-private partnership (PPP) projects.Through this business agreement, the two
LS Cable and System announced on March 3 that it has won a 100-billion-won submarine cable order from Bahrain.The project involves laying submarine cables between Bahrain’s main island and Hawar Island, which is located 25 km southeast. LS Cable and System won the order from Al Gihaz, a Saudi Arabia