Since taking office in early July 2022, Ongjin County Mayor Moon Kyung-bok has been busy listening to the voices of his residents. This has been producing remarkable positive results.In 2023, Ongjin County paved the way for a new leap forward, including finalizing a plan for the construction of Baek
Incheon Metropolitan City announced on Feb. 27 that European global investment firms had delivered letters of intent to Mayor Yoo Jeong-bok, expressing their intention to invest a total of US$6 billion in the city.On Feb. 26, Mayor Yoo received letters of intent for investments in Paris, France, fro
On Feb. 20, the Incheon Free Economic Zone (IFEZ) announced the inauguration of Yoon Won-seok, the former executive vice president of the Economic and Trade Cooperation at the Korea Trade-Investment Promotion Agency (KOTRA), as its 8th Commissioner. The position of Commissioner of the Incheon Free E
General Motors (GM) is considering investing to build a plug-in hybrid electric vehicle (PHEV) production facility at its Bupyeong plant in Incheon, Korea.GM is considering investing in the construction of a PHEV facility at its Bupyeong plant, according to sources in the automobile industry on Feb.
Korean Air has received conditional approval from European Union (EU) competition authorities for its merger with Asiana Airlines. Therefore, the sale of Asiana’s cargo business, a condition for the merger, is now on the right track.According to investment banking and aviation industry sources on Fe
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
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
Korea Western Power (KWP) has secured a landmark solar power project in the United Arab Emirates (UAE), marking the first time a South Korean company has won such a large-scale solar power project in the country. This project represents the largest single solar power project ever won by a Korean com
The European Union (EU)’s decision to approve a Korean Airlines-Asiana Airlines merger is fast approaching, drawing more attention from the airline industry. While many experts believe that approval will be given with some conditions, a formal outcome has not come out, keeping both airlines on edge.
Airport Railroad has launched pre-online transportation card sales from February 1st to inhance the transfer convenience for Express train passengers at Seoul Station.Passengers using the Express train faced a lengthy and complex transfer process as they had to exit the gate at Seoul Station with th
Doosan Bobcat has successfully commercialized Korea’s first hydrogen forklift.Doosan Bobcat announced on Jan. 31 that they held a “First Hydrogen Forklift Rollout Ceremony” at their forklift factory in Incheon on Jan. 30.The shipped first hydrogen forklift from Doosan Bobcat is a 3-ton model equippe
POSCO Group is making significant strides into the clean hydrogen sector in collaboration with the Abu Dhabi National Oil Company (ADNOC), a state-owned petroleum company in the United Arab Emirates (UAE).POSCO International announced on Jan. 31 that it has signed a “strategic cooperation agreement
Incheon will host this year’s APAC Wind Energy Summit on 26-28 November 2024.The thriving port city in South Korea has abundant potential for offshore wind development and provides the perfect setting for local, national and international groups to come together and drive the region’s offshore wind
Samsung Biologics is expected to continue to post the highest growth rate in the global contract development manufacturing organization (CDMO) industry this year after posting record-high business results in 2023.A consensus forecast for Samsung Biologics’ revenue growth was 22 percent last year, ac
The sale of GS E&C’s subsidiary GS Inima will begin in earnest from February.According to sources in the investment banking (IB) industry on Jan. 10, GS E&C will distribute an investment prospectus for the sale of a stake in its wholly owned subsidiary GS Inima before the Lunar New Year holiday in F
The Incheon Free Economic Zone Authority announced that Yoo Jeong-bok, mayor of Incheon Metropolitan City, participated in the Consumer Electronics Show 2024 being held from Jan. 9 to 12.At this year’s CES 2024, Incheon is operating a 132.23 square meter pavilion in the North Hall of the Las Vegas C
The 42nd JP Morgan Healthcare Conference is set to take place from Jan. 8 to 11 in San Francisco, California, in the U.S. This annual event, held every January, is renowned as the world’s largest healthcare investment venue where major global pharmaceutical companies, emerging biotech firms, and pro
The Incheon Port Authority (IPA) has announced that as of Dec. 22, the container traffic at Incheon Port has surpassed 3.35 million TEU and is projected to approach a total of 3.45 million TEU. This figure is expected to set a new record high.Notably, the export performance of used cars is anticipat
POSCO International is rapidly transforming into an eco-friendly comprehensive business company and a business platform provider.POSCO International announced on Dec. 19 that, in its first year since the merger with POSCO Energy, it has successfully established three major business value chains -- e
The COVID-19 endemic has reignited the competition for dominance in the domestic tourism industry among hotels and resorts.On the morning of Dec. 13, the U.S.-based integrated resort development and operating company, Mohegan, held a media day event for “Inspire Entertainment Resort (Inspire)” on Ye