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Thu, December 1, 2022 | 12:10

Korea to build Antarctica's 6th inland station by 2030

Korea to build Antarctica's 6th inland station by 2030

The government will build an inland research station in Antarctica by 2030, as part of a long-term plan to elevate the country's standing in the global science and research community, the oceans ministry said Tuesday. About 277.4 billion won ($205 million) will be spent by 2027 to construct the 15,000-ton Araon 2, the latest model of the icebreaker research vessel Araon built...

Lee Kyung-min | 2022-11-22 15:53

Neom vs. Expo: Saudi crown prince puts Korean firms in dilemma

Neom vs. Expo: Saudi crown prince puts Korean firms in dilemma

Busan's bid to defeat the Saudi Arabian capital of Riyadh to host World Expo 2030 could lose momentum, after Crown Prince and Prime Minister Mohammed bin Salman Al Saud promised lucrative business opportunities for Korean companies during his day-long stay in Seoul last week, according to industry officials, Tuesday. The 37-year-old crown prince visited Korea just a year befo...

Park Jae-hyuk | 2022-11-22 15:52

CheongKwanJang introduces Tottenham edition of red ginseng product 'Everytime'

CheongKwanJang introduces Tottenham edition of red ginseng product 'Everytime'

Korea Ginseng Corporation's ginseng brand, CheongKwanJang, signed an official license contract with Tottenham Hotspur F.C. and introduced the soccer team's edition of its popular red ginseng product, “Everytime,” the company said Tuesday. CheongKwanJang's Everytime Tottenham Edition is a special version that applies the football club's official emblem on the packaging of the ...

2022-11-22 15:39

Jeju Air resumes Incheon-Nagoya route, plans more flights to Japan

Jeju Air resumes Incheon-Nagoya route, plans more flights to Japan

Jeju Air, Korea's biggest budget carrier, said Tuesday it has resumed the Incheon-Nagoya route in two and a half years, as eased virus restrictions have unleashed pent-up travel demand.

2022-11-22 11:14

LG Chem to build 1st US cathode plant in Tennessee

LG Chem to build 1st US cathode plant in Tennessee

LG Chem, Korea's top chemical producer, said Tuesday it will build its first U.S. cathode plant in Tennessee as it accelerates its overseas push in North America to respond to the growing demand for electric vehicle (EV) components.

2022-11-22 09:38

US inflation reduction act likely to cut Korea's car exports by 4.2% in 2023

US inflation reduction act likely to cut Korea's car exports by 4.2% in 2023

Korea's automobile exports could drop 4.2 percent to 2.1 million units next year, if the U.S. refuses to offer tax benefits for consumers purchasing Korean electric vehicles (EVs) manufactured outside of North America, in accordance with the Inflation Reduction Act, the Korea Automotive Technology Institute (KATECH) said Monday. KATECH said in its report that the Korean autom...

Park Jae-hyuk | 2022-11-21 17:36

Gov't to announce tangible Saudi projects before year's end

Gov't to announce tangible Saudi projects before year's end

The government will announce up to 10 trillion won ($7.3 billion) in construction projects in Saudi Arabia, in the latest development in a series of government-level initiatives to solidify mega business deals, Land Minister Won Hee-ryong said Monday. The Korea-Saudi joint projects will be expanded to encompass culture, defense, energy and infrastructure building, in what he ...

Lee Kyung-min | 2022-11-21 17:12

Netflix subsidiary signs $100 mil. deal with Seoul for new production studio

Netflix subsidiary signs $100 mil. deal with Seoul for new production studio

Eyeline Studios, a subsidiary of global video streaming giant Netflix, has signed a deal with Seoul City to invest $100 million to introduce in the Korean capital a new video production studio that promises hundreds of new job opportunities.

Ko Dong-hwan | 2022-11-21 16:59

Korea's key manufacturers face bleak outlook in 2023

Korea's key manufacturers face bleak outlook in 2023

Korea's leading manufactures are expected to face major setbacks in 2023 due to multiple challenges, including declining exports, an industrial downturn, weakened consumer sentiment and surging inventory levels, an industry ministry-affiliated research institute report showed Monday. Compounding the woes of the export-reliant economy are unfavorable global economic and financ...

Lee Kyung-min | 2022-11-21 16:54

SK hynix's new plant in Yongin to pick up speed

SK hynix's new plant in Yongin to pick up speed

SK hynix solved a problem that has hindered the global-leading chipmaker from building new plants in Yongin, Gyeonggi Province, by striking an agreement to take in industrial water from the nearby city of Yeoju, according to the Ministry of Trade, Industry and Energy, Monday. The industry ministry said SK hynix, Yeoju City and Korea Land & Housing Corporation (LH) signed a me...

Baek Byung-yeul | 2022-11-21 16:52

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6	S. Korea, US to co-host 2nd Summit for Democracy

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