The proportion of local land and homes owned by foreigners showed an increase in the first half of this year. Chinese nationals had the highest ownership percentage of homes, while land ownership was predominantly American.According to statistics released by the Ministry of Land, Infrastructure and
On Nov. 28, the Incheon Port Authority (IPA) announced the new acquisition of car cargo volume from the Japanese global shipping company Mitsui O.S.K. Lines, Ltd. (MOL) at Incheon Inner Harbor.According to the IPA, the MOL car carrier “MV. LAVENDER ACE” departed from Tianjin Port, China, on Nov. 24
On Nov. 27, Incheon Free Economic Zone Authority (IFEZ) announced that a delegation of 11 researchers, including Professor Han Nam-sik, AI Center Director at the Milner Research Institute affiliated with the University of Cambridge, and Senior Researcher Georgia Sakkoziorga visited IFEZ. They toured
CJ Logistics announced on Nov. 22 that it has signed a memorandum of understanding (MOU) with Saudi Arabia’s NESMA Group at its headquarters in the Jongno district of Seoul.Under this agreement, both companies have agreed to actively explore joint business opportunities and consider each other as pr
K.S.PEARL, a cosmetic ingredient specialist company established in 1986, has been supplying innovative and safe cosmetic ingredients and stands shoulder to shoulder with global material companies. Recently, K.S.PEARL has attracted the attention of the industry.This attention comes as K.S.PEARL succe
La French Tech Seoul, in collaboration with the French-Korean Chamber of Commerce and Industry (FKCCI), successfully concluded the Tech4Good Tour 2023 in Seoul on the 10th, following a week-long exploration of the Korean market with a delegation of innovative startups and SMEs from France. The trans
Global leading tire company Hankook Tire & Technology (Hankook Tire) hosted the official kick-off meeting for the ’Tire-to-Tire Circular Economy Model’ consortium on November 1 in Daejeon, South Korea. Held at the Hankook Technodome, the event marked the start of the consortium’s efforts to create t
An autonomous driving shuttle will be piloted at Incheon Airport. The airport plans to expand its use after piloting two self-driving shuttles connecting Terminal 1 and a long-term parking lot.Incheon International Airport Corporation announced on Nov. 2 that it will allow a test pilot program for a
The ongoing merger process between Korean Air and Asiana Airlines, which has persisted for three years, has crossed a significant threshold. Korean Air’s proposal to divest Asiana Airlines’ cargo division has been approved by the board of Asiana Airlines, a strategic move to meet the requirements se
ULTRA Korea will return in 2024 to celebrate its 10th anniversary, taking place at Paradise City in Incheon, South Korea on Friday, June 7 - Sunday, June 9, 2024.The announcement comes on the heels of news of the festival’s new 3-year home at Paradise City - the expansive entertainment concept venue
Representatives from the Incheon Free Economic Zone (IFEZ) and Yonsei University’s K-NIBRT initiative discussed collaborative strategies with a delegation from Ireland’s Department of Business, Enterprise, and Employment in Songdo International City.The Incheon Free Economic Zone (IFEZ) and Yonsei U
Asiana Airlines’ board of directors has failed to finalize its merger with Korean Air in a meeting by not reaching a conclusion on whether to sell off its cargo business division, which has emerged as a key issue in Korean Air’s corrective action plan to be submitted to the European Commission (EC).
The controversy surrounding the “Asiana Airlines Cargo Business Separation Sale,” which has emerged as a key issue in the merger of Korean Air and Asiana Airlines, is intensifying. As the Asiana Airlines board is set to decide on the separation sale of the cargo business on Oct. 30, both current and
As the global aviation industry accelerates its efforts to introduce Sustainable Aviation Fuels (SAF) for carbon emission reduction, it appears that no South Korean airport has made it onto the list of “SAF-supplying Airports” designated by the International Civil Aviation Organization (ICAO). Conce
BMW is aggressively entering the Korean electric vehicle market with the establishment of electric vehicle charging infrastructure as a key strategy.According to BMW Korea on Oct. 14, the German automaker has installed 920 EV charging stations in Korea, starting with 120 EV chargers at E-Mart branch
Incheon Free Economic Zone (IFEZ) celebrates its 20th anniversary on Oct. 15, marking two decades of steering South Korea’s economic growth.Incheon Free Economic Zone (IFEZ), composed of Songdo, Cheongna, and Yeongjong International Cities, was designated as South Korea’s first free economic zone on
The governments of South Korea and the United Arab Emirates (UAE) are holding an aviation meeting in Seoul on Oct. 12 and 13. This marks the first aviation meeting between the two countries in over four years.The main topic of discussion at the meeting is whether to increase the current allowance of
The ongoing armed conflict between Israel and the armed Palestinian faction, Hamas, has sent shock waves through the Middle East. Accordingly, major South Korean companies like Samsung Electronics and Hyundai Motor, which have a significant presence in the area, are closely monitoring the situation.
Korean Air is planning to transfer overlapping passenger routes arising from the acquisition and merger with Asiana Airlines to the domestic low-cost carrier (LCC) T’way. They are also looking forward to domestically selling their cargo operations, which has emerged as one of the biggest hurdles in
According to data obtained by Park Sang-hyuk, a lawmaker and a member of the National Assembly’s National Transportation Committee, from the Ministry of Land, Infrastructure, and Transport on Oct. 5, there were a total of 1,341 registered foreign property rental operators in South Korea as of the en