Incheon Metropolitan City and Shinhan Bank announced that they have signed a memorandum of understanding (MOU) at the Incheon City Hall meeting room on March 11 to secure the hosting of the Asia-Pacific Economic Cooperation (APEC) summit in South Korea in 2025.At the signing ceremony, Mayor of Inche
Celltrion announced on March 11 that it has completed the application process for U.S. Food and Drug Administration (FDA) approval of “CT-P39,” a biosimilar to the asthma and chronic idiopathic urticaria treatment XOLAIR. The company applied for product approval based on the results of a global Phas
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
South Korea’s current account remained in surplus for the ninth consecutive month thanks to strong semiconductor and automobile exports.According to provisional statistics on the balance of payments released by the Bank of Korea (BOK) on March 8, the nation’s current account surplus stood at US$3.05
LG Household & Health Care announced on March 10 that its cosmetics brand CNP has released new products in its flagship “Propolis” line, specifically targeting the Japanese market.CNP is selling new products, Propolis Vitamin Ampoule and Glow Ampoule, as well as two types of mist, at Ainz & Tulpe st
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
KB Financial Group has achieved the top position among domestic financial institution brands in the “Banking 500,” announced by the prestigious brand evaluation institution “Brand Finance” based in the U.K.Brand Finance evaluates brand value annually by comprehensively considering financial performa
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,
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
Choi Yoon-ho, president and CEO of Samsung SDI, announced on March 6, at the opening ceremony of InterBattery 2024, the largest battery exhibition in South Korea held in COEX, Gangnam, Seoul, that “46 mm diameter batteries will be sufficiently ready for mass production by early 2025,” and the exact
SK on is set to develop a high-nickel nickel-cobalt-manganese (NCM) battery capable of traveling 300 km on a 5-minute charge.During a keynote speech at The Battery Conference held at COEX in the Gangnam district of Seoul on March 7 as part of the largest battery exhibition in South Korea, InterBatte
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
SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced today that the company broke ground on a major expansion of its vaccine manufacturing plant, L HOUSE, located in Andong, Gyeongsangbuk-do, South. The groundbreaking c
Researchers in South Korea have developed the world’s first artificial intelligence (AI) semiconductor that operates at ultra-high speeds with minimal power consumption for processing large language models (LLMs), based on principles that mimic the structure and function of the human brain. The semi
NPCore, a cybersecurity company specializing in network and endpoint security, recently conducted a cybersecurity workshop in Kuala Lumpur, Malaysia, in collaboration with its local partner, TechLab. The event, held on February 29th, was particularly timely, given the recent spate of cyber threats i
It has been confirmed that recent complaints from domestic consumers using China’s Alibaba shopping platform AliExpress have sharply increased.According to the response data on “the status of consumer consultations related to AliExpress-related complaints and damage compensation” received by the off
The domestic defense industry has gained new momentum through the revision of the Export-Import Bank of Korea (Korea Eximbank) Act. It is expected to accelerate towards achieving the goal of US$20 billion in defense exports this year.On Feb. 29, a bill to amend the Korea Eximbank Act, which increase
Last year, South Korea’s gross national income (GNI) per capita reached US$33,000, marking a rebound for the first time in a year. The annual real gross domestic product (GDP) growth rate was recorded at 1.4 percent.According to the “2023 Preliminary 4th Quarter and Annual National Income” report re