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Wed, February 1, 2023 | 21:54

Western Australian premier to visit South Korea

Western Australian premier to visit South Korea

Premier Mark McGowan will travel to South Korea and Japan to reaffirm the state’s long-standing relationships in North East Asia and promote opportunities for investment, tourism, study and business, according to the state government of Western Australia.

2023-01-25 14:15

Instant noodle exports hit record high last year

Instant noodle exports hit record high last year

Instant noodle exports hit an all-time high of over $765 million (945.3 billion won) last year, powered by an increasing number of people having meals at home due to the COVID-19 pandemic. Data from Korea Customs Service showed that exports of instant noodles reached $765.43 million, up 13.5 percent from a year earlier.

Lee Kyung-min | 2023-01-25 08:41

Entrepreneurs hope to hear about lower borrowing rates, end of COVID-19 this year

Entrepreneurs hope to hear about lower borrowing rates, end of COVID-19 this year

One in two local businesses said news of lower borrowing rates would be the most welcome development this year, according to a survey, Sunday. The Korea Chamber of Commerce and Industry (KCCI) surveyed 3,267 businesses, asking which news headlines they would want to see the most this year.

Lee Kyung-min | 2023-01-24 16:33

Yoon's remarks on Iran feared to endanger Korea's shipping industry

Yoon's remarks on Iran feared to endanger Korea's shipping industry

Korea's lingering diplomatic conflict with Iran, inflamed by President Yoon Suk Yeol's recent remarks branding the Middle Eastern country as the archenemy of the United Arab Emirates, has been mentioned as a potential threat to the Korean shipping industry, since the Korea Shipowners' Association (KSA) issued a warning last Wednesday to vessels sailing in the Persian Gulf and...

Park Jae-hyuk | 2023-01-24 16:08

Tehran says Seoul's response to 'enemy' remark 'insufficient'

Shipbuilding industry turns to robots to overcome shortage of workers

Shipbuilding industry turns to robots to overcome shortage of workers

The domestic shipbuilding industry is introducing robots to cope with a shortage of workers and prevent safety accidents, according to industry officials, Tuesday. Daewoo Shipbuilding & Marine Engineering (DSME) developed a carbon steel pipe welding robot that it says can improve the working environment and productivity, and has been using it since earlier this month.

Kim Hyun-bin | 2023-01-24 16:00

LGES reportedly refuses GM's request to build 4th battery plant

LGES reportedly refuses GM's request to build 4th battery plant

The indefinitely shelved plan of General Motors to build a fourth electric vehicle (EV) battery plant with LG Energy Solution (LGES) has proven once again that Korean battery manufacturers are starting to have greater bargaining power than their global clients, according to industry officials, Tuesday. Last Friday, the Wall Street Journal reported that talks for the construct...

Park Jae-hyuk | 2023-01-24 15:18

Hyundai Motor Group exceeds 1 mil. in cumulative global EV sales

Hyundai Motor Group exceeds 1 mil. in cumulative global EV sales

Hyundai Motor Group's global electric vehicle (EV) sales have exceeded 1 million, 11 years since the launch of its first EVs, according to the company, Tuesday. The group's total EV sales stood at 1,022,284 vehicles last year. Hyundai Motor Company sold 601,448 vehicles, including its luxury brand Genesis, while Kia sold 420,836.

Kim Hyun-bin | 2023-01-24 15:07

Hyundai's accumulated sales of electric cars top 1 mil.

Hyundai's accumulated sales of electric cars top 1 mil.

Korea's top automaker Hyundai Motor Group said Tuesday its total global sales of electric vehicles had exceeded 1 million as of 2022, 11 years after the conglomerate entered the market.

2023-01-24 11:25

Hyundai Motor, Kia offsetting sluggish China sales in India

Hyundai Motor, Kia offsetting sluggish China sales in India

Hyundai Motors and Kia Corp. are banking on the Indian market, which has emerged as the world's third-largest automobile market after China and the United States. Many experts believe Hyundai Motor Group was in dire need of finding success in India to offset sluggish sales in China. Following last year's record-high sales in the South Asian nation, the company plans to contin...

Kim Hyun-bin | 2023-01-23 09:38

Stronger chip alliance needed to bolster Korea-US ties

Stronger chip alliance needed to bolster Korea-US ties

South Korea should deepen its security alliance with the United States by intensifying economic cooperation, as Washington seeks to expand investments in its manufacturing industry to strengthen economic supremacy over China, according to scholars and analysts from South Korea and the U.S. This year marks the 70th anniversary of the South Korea-U.S. alliance since. The two na...

Baek Byung-yeul | 2023-01-23 09:37

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Top 10 Stories

1	Korean Lunar New Year vs. Chinese Lunar New Year

2	Garbage collector mistakes sex doll for corpse

3	US bill introduced to honor Korean War hero

4	South Korea, US to expand size and content of joint military drills

5	Popular travel YouTuber recalls painful memories of being bullied at school

6	Samsung refuses to cut chip output despite plunging profits

7	Holy Moly concert series brings 4 punk bands to Haebangchon

8	IMF slashes Korea's 2023 economic growth outlook to 1.7%

9	Korean corporations' dividend payout system to follow global standards

10	Yoon urges private sector to use UAE's $30 bil. investment as stepping stone for 'Middle East boom'

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