SK’s oil development project, which has been aiming to become a “resourceless oil-producing country” for 40 years, is expected to record its highest performance ever this year. The plan is to maximize profitability through full-scale production in the Chinese block, for which it has secured independ
The online stock trading platform Webull, which is gaining popularity among global individual investors based on its commission-free policy, is entering the domestic securities market in Korea. Consequently, there are concerns that individual investors who currently invest in the U.S. stock market t
The police have launched a forced investigation into Korea Aerospace Industries (KAI) following the detection of an attempt by Indonesian employees dispatched to KAI to leak documents related to the Korean fighter jet KF-21.This action comes 24 days after a government joint investigation team, consi
Shinhan Bank announced on March 14 that Shinhan Bank Indonesia has signed a strategic business agreement with Indonesian electronic payment company Indodana (PT Artha Dana Teknologi Indodana) to expand its digital platform-based lending market.Indodana is a digital payment solutions provider that ha
To strengthen its global operations, Shinhan Bank is accelerating the development and marketing of products targeting local customers, including the launch of digital loan products overseas.According to Shinhan Bank on March 12, Shinhan Bank Indonesia is partnering with local fintech platform compan
Korea and ASEAN member countries are meeting in Jakarta, Indonesia, on March 12 to assess the implementation of the Free Trade Agreement (FTA) and discuss measures for upgrading the agreement.The Ministry of Trade, Industry, and Energy announced that it will host the Korea-ASEAN Free Trade Agreement
South Korean fashion company ShinWon Corporation (CEO: JJ Park) is conducting the global campaign #WithUs to commemorate International Women’s Day.Every year on March 8th, designated by the United Nations (UN) in 1975, is International Women's Day. Celebrating its 116th year this year, International
barenbliss, a rising clean beauty brand from Seoul , is thrilled to announce the grand opening of its inaugural global flagship store ----the barenbliss Clean Beauty Archive Garden in Myeongdong. Meanwhile, the brand also announced a collaboration with Korlma Korea at the opening ceremony to establi
South Korea holds the potential to become a global battery supply base, necessitating a national strategy to realize this potential, according to claims made by industry experts. The Korea Chamber of Commerce and Industry’s Sustainability Growth Initiative (SGI) highlighted in its report on Feb. 22,
The Namdong district of Incheon Metropolitan City houses the Namdong National Industrial Complex, playing a pivotal role in driving the Korean economy. The industrial complex, established in December 1989, is a key metropolitan industrial area with an annual production value of approximately 30 tril
The government plans to accelerate the expansion of K-food exports. It aims to achieve exports of US$13.5 billion this year and has set a target of US$23 billion by 2027.On Feb. 20, the Ministry of Agriculture, Food and Rural Affairs announced the “K-Food+ Export Innovation Strategy” to nurture K-fo
Incheon International Airport Corporation (IIAC) has secured a contract for the largest overseas airport development and operation project in its history, expected to generate sales of 37 trillion won in the Philippines.On Feb. 16, it was announced that Incheon International Airport Corporation won
Carrot General Insurance announced on Feb. 19 that it has secured a contract for the implementation of Behavior Based Insurance (BBI) solutions with Indonesia’s Lippo General Insurance.This contract acquisition marks the first instance where Carrot’s inherent technological expertise and data capabil
Pharmaceutical companies are expanding their presence into Southeast Asia, particularly Indonesia and Vietnam. There is a high preference for Korean products and a high growth potential in these markets, leading to strong optimism about the possibility of expansion. Among these countries, Indonesia
It has been belatedly confirmed that an Indonesian researcher working on secondment at Korea Aerospace Industries (KAI) is being investigated for alleged leakage of data related to the South Korean supersonic fighter jet, the KF-21 “Boramae.” It has been reported that a total of 49 files were discov
KT has announced its plans to construct a new submarine cable to meet the surging demand for cloud, big data, and internet traffic between Asian countries. On Jan. 24, KT signed a memorandum of understanding (MOU) for the Asia Link for advanced Performance of High-speed Access (ALPHA) project, aimed
Since the beginning of this year, a shipbuilding battle has been heating up between seventh-ranked Hanwha Group and ninth-ranked HD Hyundai Group. After Hanwha acquired Daewoo Shipbuilding & Marine Engineering (now Hanwha Ocean) last year, the two groups emerged as new rivals in the shipbuilding ind
The government is set to implement a comprehensive plan for “smart cities” incorporating new technologies. The primary focus is accelerating the entry into foreign markets through the restructuring of the “K-City Network” project. This initiative aims to strengthen the global competitiveness of Kore
Hanwha Life Insurance President Kim Dong-won attended the Davos Forum held in Switzerland from Jan. 15 to 19.Visiting Davos for the second consecutive year, President Kim Dong-won conducted over 10 business meetings during the event. He focused on determining the direction of Hanwha Life Insurance’s
LX International announced on Jan. 16 that it has acquired 60% ownership of the AKP mine in Indonesia for 133 billion won (US$98.9 million), securing management rights.The acquisition was completed through LX International’s Indonesian subsidiary PT.EBI, which paid the full price for the AKP mine st