On Sept. 20 (local time), the Chong Kun Dang Kochon Foundation announced that it had held the “17th Kochon Prize Ceremony” at the U.N. Headquarters in New York on Sept. 21.This year, the Kochon Prize focused on the theme of “Recognition for medical professionals who do not give up on tuberculosis tr
Germany has enjoyed an amicable relationship with China. But China’s economic crisis is putting Germany on pins and needles. Voices are growing in Germany that the country needs to decouple from China to reduce risks from internal issues such as a Chinese real estate slump and the US-China conflict.
On Sept. 19, a commemorative event was held at the Samsung Fire & Marine Insurance Guide Dog School in Yongin, Gyeonggi Province, celebrating the guide dog program that the late Lee Kun-hee, former Chairman of Samsung, had dedicated himself to for 30 years following his “New Management Declaration”
The approximately US$6 billion (7.97 trillion won) in Iranian oil export revenues that had been tied up in South Korean banks due to U.S. sanctions have been successfully transferred to Iran’s account in a Qatari bank via Swiss accounts. Iran can now use these transferred funds for the purchase of h
The government is set to invest 400 billion won (US$301.66 million) next year and a total of 2.2 trillion won over the next five years to establish geographical zones dedicated to creating specific industries at world-class level. To boost the venture ecosystem, it plans to increase the external fun
The government is entering into follow-up work to pursue the joint development of lithium mines proposed by Ukrainian President Volodymyr Zelensky.During a meeting with the Ministry of Land, Infrastructure, and Transport (MOLIT) press corps on Sept. 18, Minister Won Hee-ryong said, “President Zelens
The Korea Trade Insurance Corporation (K-SURE) announced on Sept. 18 that it had signed operational agreements with Canada’s Export Development Corporation (EDC) and the U.S. Department of Energy (DOE) on Sept. 13 and 14 (local time), respectively. These agreements are aimed at supporting the expans
Among foreign health insurance dependents, Chinese nationals spent the largest amount of healthcare funds of Korea’s universal health care program in 2022. The amount of healthcare funds spent for Chinese national dependents totaled 1.95 million won (US$1,467) for each one of them, and the contribut
Korea Institute of Energy Technology (KENTECH) signed a business agreement with Kazakhstan’s Nazarbayev University on Sept. 14 to foster global talent in the energy sector. This collaboration seeks to enhance inter-university exchanges in energy and research by fostering faculty and student exchange
The Federation of Korean Industries (FKI) said it dispatched an economic mission with key officials from the government and business to Poland to attend the Krynica Forum, which was held from Sept. 13-15.The Korean business community is visiting Poland again just two months after a presidential dele
South Korea has taken the first step toward injecting US$2.3 billion into Ukraine’s reconstruction.The Ministry of Land, Infrastructure and Transport (MOLIT) of South Korea organized the first public-private Ukraine Reconstruction Cooperation Delegation and sent the delegation to Ukraine’s capital c
The automotive industry, particularly manufacturers of finished vehicles, is closely monitoring the potential changes in vehicle taxation criteria. The primary focus of these discussions revolves around the proposal to shift towards taxing vehicles based on their market value. This shift is raising
Korea Youth Foundation conducted a “2030 Youth Generation South Korea-Japan Relations Perception Survey” to analyze the demands and areas of interest concerning the view of South Korea-Japan relations among South Korean youth. The results of the survey were released on Sept. 13.The survey was conduc
On Sept. 12, K-water revealed that its CEO Yoon Seok-dae held in-depth discussions with Ukraine’s Ambassador to Korea, Dmytro Ponomarenko, on cooperation strategies for Ukraine’s reconstruction.This comes after President Yoon Suk-yeol announced at the G20 summit on the 10th that Korea would support
The Supreme Court of Korea has justified the Korea Fair Trade Commission (KFTC)’s decision to punish Citibank and JPMorgan Chase for allegedly colluding to bid on a currency swap contract. The ruling means that if a bidder cooperates with another participant during a bidding process to agree on the
Korea has more than 40,000 imported cars worth more than 200 million won registered as company vehicles. Among them, nearly 8,000 were to the tune of over 300 million won per car. On the other hand, the number of imported cars under 50 million won has descended.The nation had 40,483 imported cars wo
The Ministry of Economy and Finance (MOEF) is hosting the Korea-Africa Economic Cooperation Ministerial Meeting for the first time in five years. Following the minister-level meeting, a joint declaration will also be announced.The MOEF has announced that the 7th Korea-Africa Economic Cooperation Min
Six out of 10 Koreans have a favorable view of large corporations, according to a survey. The number one expected role of large companies is to create jobs among those surveyed.According to the results of a survey of 1,005 people aged 18 and over on the perception of large companies’ contributions t
South Korea and Japan are set to resume their regular financial supervision meetings, or shuttle meetings, that had been suspended since 2017. Financial Services Commission (FSC) Chairman Kim Joo-hyun plans to visit Japan in early October to discuss expanding financial exchanges. This development co
Of the 1.75 million foreigners living in South Korea in 2022, two out of 10 faced discrimination at shops, restaurants, banks, and workplaces, according to a survey by Statistics Korea.Statistics Korea’s Statistics Research Institute released the results of its analysis on “Foreign Residents’ Lives