Coupang announced on March 11 that it will launch the Rocket Cross-Border Shopping Service in the cross-border shopping of goods from Japan, after the United States, China, and Hong Kong.Rocket Direct is a cross-border shopping service provided by Coupang. Coupang has been expanding its service for
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 Ministry of Health and Welfare announced on March 11 that it has selected the JLABS Korea model proposed by Johnson & Johnson as the managing entity for its global accelerator platform project.The project aims to provide full-cycle consulting to support the international expansion of domestic bi
Samsung Display has begun the construction of the world’s first 8.6th generation organic light-emitting diode (OLED) production line. As major manufacturers such as Apple are increasing the proportion of OLED displays instead of liquid crystal displays (LCDs) in the laptop and tablet markets, Samsun
Four Seasons Hotel Seoul ushers in a new era of excellence with the appointment of Michael Schmid as General Manager.A pioneering multi-lingual hospitality veteran and strategic visionary, Michael is a felicitous new addition to the dynamic creativity and high-care curation of Four Seasons hospitali
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
South Korean travelers have ranked Singapore and Japan as the most secure and comfortable countries to travel in the world. These two countries were ranked first and second, respectively, not only for their safety and security but also for their overall pleasant travel infrastructure, including clea
The Korea Fair Trade Commission (KFTC) intends to initiate an investigation into Temu and Shein, following its inquiry into AliExpress, the leading online shopping platform in China, regarding potential consumer harm.This comes as the indiscriminate onslaught of Chinese online shopping malls, levera
The government is taking steps to solicit opinions from overseas financial institutions and investors regarding measures to improve the foreign exchange market structure and support corporate value-up initiatives.The Ministry of Economy and Finance (MOEF) announced on March 10 that Shin Joong-beom,
SK ecoplant has partnered with the global resort company Therme Group to advance the development of a European-style spa and resort in Songdo.On March 8, SK ecoplant announced the signing of a memorandum of understanding (MOU) with Therme Group for the resort development and construction, as well as
South Korea has narrowed its gap with the United States in the field of Information and Communication Technology (ICT) by 0.1 years. According to the “2022 ICT Level Survey and Technology Competitiveness Analysis Report” by the Institute of Information & Communications Technology Planning & Evaluati
Samsung Display CEO Choi Joo-sun has expressed confidence that Korea will reclaim the top spot in the global display market by 2027. Speaking to reporters before the Korean Display Industry Association’s general meeting at Lotte Hotel World on March 7, Choi emphasized the need for focus and speciali
LG Group Chairman Koo Kwang-mo was ranked 10th on the list of influential people in the global automotive industry by a leading U.S. automotive publication this year. Motor Trend, a leading U.S. automotive publication, announced its Global Automotive Industry Power List on March 5 (local time).Koo t
Korean shipbuilders overtook China in terms of ship order intake in February to take the number one spot in the global market.According to Clarkson Research, a British shipbuilding and shipping market analysis firm, global ship orders totaled 3.4 million CGT (100 ships) in February, of which Korea w
KEPCO announced that it signed a memorandum of understanding (MOU) on promoting technology exchanges with Danish state-owned transmission company Energinet at the auditorium of Federation of Korean Industries (FKI) Tower in Yeouido, Seoul on March 6.Energinet is currently building transmission netwo
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
It has been revealed that the hourly wages of domestic helpers in South Korea are more than four times higher than in neighboring countries such as Hong Kong and Taiwan. In an effort to alleviate the burden of caregiving services, which is considered one of the causes of low birth rates, the Bank of
The Export-Import Bank of Korea (Korea Eximbank) announced on March 7 that it has inked a memorandum of understanding (MOU) with the United States Department of Energy (DOE) for cooperation in the fields of supply chain and eco-friendly energy.Yoon Hee-sung, the president of the Korea Eximbank, sign
Michael B. Kim, Haverford College alumnus, founder-chairman of one of Asia’s largest private equity firms, and best-selling novelist has been appointed chair of the Haverford College Board of Managers.Haverford College announced on March 6 (local time) that Kim will lead the board of trustees as cha
The Korean government and three major Korean shipbuilders -- HD Korea Shipbuilding & Offshore Engineering (KSOE), Samsung Heavy Industries, and Hanwha Ocean -- will invest 9 trillion won to secure future super-wide gap technologies for the Korean shipbuilding industry.The Ministry of Trade, Industry