Doosan Enerbility announced on April 25 that Romanian President Klaus Iohannis visited the company’s headquarters in Changwon, South Gyeongsang Province on April 24 as Romania is promoting the construction of the world’s first small modular reactor (SMR) power plant at the government level.The visit
SK telecom announced on April 25 that it has become the first telecommunications company in South Korea to obtain the international standard certification for AI Management System under ISO/IEC 42001. The ISO/IEC 42001 standard was designed to ensure that companies and organizations can build and op
The K-UAM One Team consortium, consisting of Korean Air, Hyundai Motor, and KT, has successfully validated the world’s first integrated operational system using 5G aviation networks for Urban Air Mobility (UAM).On April 24, Korean Air announced that it, along with Hyundai Motor, KT, Incheon Internat
Macrogen, a global genome analysis company, has officially started building the largest Global Genome Center in Asia.The Incheon Free Economic Zone Authority announced that Macrogen held a groundbreaking ceremony on April 24 at the Advanced Industry Cluster in Songdo International City, Zone 5, for
Seoul Mayor Oh Se-hoon held a press briefing at Seoul City Hall on April 24 to announce a comprehensive plan to develop the Han River. The plan is a sequel to the Great Han River Project launched in March last year with the goal of creating a waterfront city in Seoul.Accordingly, the city aims to cr
The Korean construction industry is on edge due to the conflict between Israel and Iran and between Israel and Hamas, which has led to a decline in orders from the Middle East and concerns about lower profitability due to rising raw material prices. The Middle East is a big overseas market for Korea
Europe’s views are changing in favor of nuclear power generation. Many European countries agree that nuclear power is necessary for carbon neutrality and energy security. They are also investing in new technologies such as small modular reactors (SMRs). Europe has a growing interest in South Korea,
With Canadian Export Promotion, International Trade and Economic Development Minister Mary Ng leading a large-scale trade mission to Korea, high-level business leaders from both countries have come together to call for expanding cooperation in not only traditional industries such as energy but in cu
A Canadian trade mission led by Canadian Minister of International Trade Mary Ng visited HD Hyundai and Hanwha Ocean.According to industry sources, the visiting Canadian trade delegation toured HD Hyundai and Hanwha Ocean’s facilities on April 22 at the invitation of the two Korean shipbuilders.Cana
Deutsche Bank has today announced it has been appointed by Euroclear Bank SA/NV as Cash Settlement and Foreign Exchange Bank (under Euroclear direct link) with the Korea Securities Depository (KSD). The mandate is to support South Korean government bond activity for Korea Treasury Bonds (KTBs) and M
BMW Group Korea will now carry out all electric vehicle and software development, as well as certifications in Korea.“Korea is BMW’s fifth-largest market globally, and this year we became the No. 1 brand in premium cars, including electric vehicles,” said Jochen Goller, a member of the Board of Mana
LEGOLAND Korea Resort proudly announces becoming the first theme park resort in Korea to achieve Certified Autism Center™ (CAC) designation by the International Board of Credentialing and Continuing Education Standards (IBCCES). This certification underscores LEGOLAND Korea Resort's dedication to cr
ArkData, a specialist in real-time data replication (CEO: Ko Kwang-yeon), has announced official support for real-time data extraction and replication for the latest version of TmaxTibero's Tibero (Tibero) DBMS, Tibero 7.The product that supports replication for Tibero 7 is ArkData's 'Ark for CDC'.
The Federation of Korean Industries (FKI) will hold a seminar on “Global Economic Turbulence: Prospects and Implications for the World and Korean Economy” from 09:30 on Tuesday, April 30 at the FKI Tower Conference Center in Yeouido.The seminar is being held to assess the global economic impact of r
It has been revealed that both individual investors and institutional investors in South Korea earned over 100 trillion won through overseas stock and fund investments last year.According to the international investment position report from the Bank of Korea on April 21, the balance of equity securi
In the first quarter of this year, Korea’s exports to the United States surpassed those to China for the first time since the second quarter of 2003.Exports to the U.S. are expected to remain strong for the foreseeable future, driven by foreign direct investment (FDI) in the manufacturing industries
Seoul is considering establishing an international school in the international financial center of Yeouido in Seoul. The idea is to create a comfortable environment for foreigners to live in Seoul in order to attract more overseas investment.The Seoul Metropolitan Government will launch a service to
Coway, the “Best Life Solution Company," has received the 2024 Red Dot Award, marking its 18th consecutive win. The ongoing success is a testament to the company’s unwavering commitment to innovative design.The Red Dot Design Award is a prestigious international competition that celebrates design ex
CJ Logistics announced on April 18 that it has signed a customs clearance and delivery service agreement with NinjaVan to strengthen its logistics business for consumers in Southeast Asia that buy Korean goods through cross-border shopping.NinjaVan, a logistics company founded in Singapore in 2014,
Among the member countries of the Organization for Economic Cooperation and Development (OECD), the South Korean won was revealed to be the fifth most undervalued, while among the Group of Twenty (G20) nations, it ranked as the fourth most undervalued.According to the Bank for International Settleme