A Korean consortium that has been selected as the preferred bidder for a US$2.5 billion metro construction project in Panama may be deprived of their preferential status as the Panamanian government has partially annulled the tender evaluation outcome.In a resolution issued on Dec. 11 (local time),

Dulwich College Seoul’s combined choirs and musical ensembles totaling 120 students performed Christmas carols at the Seochu-gu campus on the evening of Dec. 10. The performers, who range in age from eight to 18 years, sang traditional Christmas carols such as “Deck the Halls” and “Joy to the World”

Electric vehicles (EVs) loaded with batteries from LG Chem and SK Innovation were reportedly included in China's white list for subsidies. It is the first time since 2016 that EVs running on Korean batteries are included in the subsidy list.The Chinese Ministry of Industry and Information Techno

SK Group chairman Chey Tae-won will meet with global IT tycoons, Masayoshi Son, chairman of SoftBank Group and Ma Win, founder of Alibaba, in Tokyo on Dec. 6.The First Tokyo Forum will be jointly organized by the Chey Jong-hyun Academy and Tokyo University under the theme of “Shaping the Future” at

SK Group will set up an investment fund jointly with Hillhouse Capital, China's largest investment company, to invest in promising projects in China.SK China’s board recently approved a plan to establish a joint investment fund worth one trillion won with Hillhouse Capital. This is the second ti

SK Innovation is planning to build an electric vehicle (EV) battery manufacturing plant in Yancheng, China by investing US$1.05 billion. It is likely to become SK Innovation’s second EV battery manufacturing plant in China behind its plant in Changzhou.SK Innovation’s plan has to do with Kia Motors’

Geely, China's No. 1 car brand, will make a foray into the Korean electric vehicle (EV) market. The automaker plans to target the Korean market with one-ton small and 2.5-ton medium-sized electric trucks loaded with Korean batteries.Geely New Energy Commercial Vehicle Group, a subsidiary of Geel

KOSPI dipped below 2,100 points by falling more than 1 percent for two days in a row and KOSDAQ fell over 2 percent on Nov. 21, when the won-dollar exchange rate closed at 1,178.1 won per U.S. dollar after soaring eight won in just one day.This was because of the ongoing trade disputes between the U

Samsung Electronics and Huawei are having a foldable phone showdown in China, one of the world's largest smartphone markets. Huawei released the Mate X on Nov. 15 following Samsung Electronics’ launch of the Galaxy Fold in China on Nov. 8.Samsung Electronics’ first batch of the Galaxy Fold were

President Moon Jae-in will meet with key business leaders from China at the Blue House on Dec. 4 as part of his efforts to lift China’s prolonged ban on Korean products.The Korea Chamber of Commerce and Industry (KCCI) told officials of major Korean companies such as Hyundai Motor and SK on Nov. 14

LG Corp. will sell a 35 percent stake in LG CNS. LG Corp., the holding company of LG Group, currently holds 85 percent of the system integration affiliate.LG Group is expected to secure about one trillion won in cash through the stake sale. Business watchers expect the group to use the funds to fina

Korea Rail Network Authority (KRNA) is taking the lead in spreading Korea’s railway technology to East Asia, including India and Indonesia. As of June this year, the corporation participated in 65 projects in 21 countries, diffusing Korea’s excellent railroad technology all over the world.The agency

The performance of Chinese small and medium-sized electronic vehicle (EV) battery makers has begun to deteriorate as the Chinese government has started to scale back its subsidies for EVs loaded with batteries produced by Chinese manufacturers. Market watchers say this situation can offer an opportu

LG U+ announced on Oct. 25 that it has started in-depth discussions on 5G commercialization in China with China Telecom, with which it concluded a comprehensive strategic alliance on Oct. 17.The company said that it held discussions with key officials of China Telecom, including vice president Liu K

More than half of South Korean companies currently doing business in China answered in a recent survey that the ongoing trade disputes between the United States and China are adversely affecting their business.The survey covering 212 companies was conducted from Sept. 2 to 27 by the Beijing office o

Hyundai Motor Group announced on Sept. 23 that it will officially open CRADLE Beijing in Beijing and accelerate cooperation with strategic partners in China to find new growth engines.CRADLE Beijing is Hyundai Motor Group's fifth global open innovation center after the Hyundai CRADLE Silicon Val

[비지니스코리아=윤영실 기자] 현대차그룹이 중국 내 오픈 이노베이션 센터를 공식 개소했다.현대차그룹은 중국 베이징 시에 ‘크래들 베이징(Hyundai CRADLE Beijing)’을 공식 개소하고, 중국 현지 전략적 파트너들과의 협력에 박차를 가해 그룹의 신성장 동력을 모색해나갈 것이라고 23일 밝혔다.‘크래들 베이징’은 미국의 ‘현대 크래들 실리콘밸리’와 한국의 ‘제로원’, 이스라엘의 ‘현대 크래들 TLV(텔 아비브)’, 독일의 ‘크래들 베를린’에 이은 현대차그룹의 다섯 번째 글로벌 오픈 이노베이션 센터다.그동안 현대차그룹은 AI

LG Display Co. plans to increase its organic light-emitting diode (OLED) TV panel sales in China by seven times within three years.The company held a “OLED Big Bang Media Day” at Mee Park in Beijing's 798 Art Zone on Sept. 19. It invited officials from TV manufacturers, including Skyworth, Hisen

Nonghyup Bank is seeking to establish a branch in Sydney of Australia, Beijing of China and India. While other Korean commercial banks are focusing on retail financing in Southeast Asia, including Vietnam, the bank is seeking to secure a foothold in Australia, China and India.The bank’s CEO Lee Dae-

As part of its annual Shackleton Lecture Series, Dulwich College Seoul welcomed Welsh adventurer Ash Dykes, who spoke on his incredible journey as the first person to walk the full length of the Yangtze River.On the 4,000-mile (6,400 km) trek, which he completed on Aug. 12, the 28-year-old Dykes exp