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EU nixes shipbuilding merger between Hyundai Heavy and Daewoo Europe’s antitrust regulator has torpedoed the Hyundai Heavy Industries Group’s attempted takeover of Daewoo Shipbuilding &amp; Marine Engineering. That’s the latest setback in the Korea Development B Fri, 14 Jan 2022 16:58:58 GMT
S. Korea sees record foreign direct investment of US$29 billion in 2021 German pharmaceutical giant Sartorius AG invested US$300 million in the fourth quarter of last year to build a biopharmaceutical raw material production facility in Songdo International City in the In Tue, 11 Jan 2022 17:36:46 GMT
Hyundai says green vehicles will account for half of US sales by 2030 The Hyundai Motor Group says it’s planning for eco-friendly cars — including the Ioniq 5 electric vehicle (EV), which will soon hit the US market — to account for half of all its sales in the US by 20 Mon, 10 Jan 2022 17:44:22 GMT
Won’s value against dollar dips for 4th straight day The South Korean won has been depreciating for four days in a row, placing 1,200 won to the dollar in the crosshairs. The drop is apparently impacted by a worsening trade balance and concerns about sh Thu, 06 Jan 2022 17:31:50 GMT
S. Korean tech to fill gap left by US, Chinese absence at CES 2022 This year’s CES — the world’s largest electronics, IT and automotive trade fair and a showcase for the technology and products of the future — will kick off on Wednesday. This year’s show is notable n Tue, 04 Jan 2022 17:32:00 GMT
S. Korea plans to submit CPTPP application in April 2022 The South Korean government has set next April as when it plans to formally submit its application to become a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTP Tue, 28 Dec 2021 17:37:34 GMT
Four questions about the CPTPP answered Typing out the name of the agreement in full without error in one go is practically impossible — the task a tongue-twister for fingers that fills the person typing with quiet rage at the inconsiderate Sun, 26 Dec 2021 08:43:36 GMT
China conditionally approves SK Hynix’s acquisition of Intel’s NAND flash memory business China has granted conditional approval for SK Hynix’s acquisition of Intel’s NAND business.China’s State Administration for Market Regulation (SAMR) posted on its website Wednesday that it had decided Thu, 23 Dec 2021 17:19:51 GMT
KOSPI dips below 3,000 as won’s value falls against the dollar The market was rattled by growing concerns about the Omicron variant of COVID-19 over the weekend, along with the US Federal Reserve signaling it would raise its policy rate in March 2022. The won-dol Tue, 21 Dec 2021 17:19:29 GMT
Japanese think tank predicts S. Korea’s per capita GDP will surpass Japan’s in 2027 South Korea is poised to pass Japan in per capita gross domestic product six years from now, analysts are predicting. The prediction is drawing even more attention for coming not from South Korea, but Fri, 17 Dec 2021 18:24:44 GMT
Finance minister announces S. Korea is officially starting process of joining CPTPP The South Korean government has announced plans for its full-fledged pursuit of membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).Having previously weighe Tue, 14 Dec 2021 17:37:43 GMT
Is a battle of the service robots brewing between Samsung and LG? Samsung Electronics recently upgraded its robotics business task force — newly created under the director of its consumer electronics sector last February — into a permanent robotics business team.It’ Tue, 14 Dec 2021 17:13:48 GMT
Study finds S. Korean import, export concentration to be highest among G7 nations South Korea’s exports and imports are more concentrated on certain items than any country in the Group of Seven (G7), a new report has found. The findings suggest that Korea may be more vulnerable to Mon, 13 Dec 2021 17:54:42 GMT
How big of an impact will China’s economic downturn have on Korea? It depends The Chinese economy is on shaky ground. With China’s standing as Korea’s biggest export market, the shock of an economic downturn there could have major negative repercussions on the South Korean econ Thu, 09 Dec 2021 17:11:00 GMT
S. Korea-China trade relations transition from complementary to competitive When South Korea and China first established formal diplomatic relations in 1992, trade between the two sides that year amounted to US$6.4 billion. By 2020, the scale had risen to US$241.5 billion — a Wed, 08 Dec 2021 17:25:29 GMT

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