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Hydrogen vehicles see dwindling sales in 2023, with Hyundai market share falling to 38.1% A total of 9,619 hydrogen fuel cell electric vehicle sales were registered around the world between January and July 2023, a decrease of 9.6% from the same period in 2022.The world’s top-selling hydro Tue, 12 Sep 2023 17:19:48 GMT
Why China’s iPhone ban is bad news for Korea’s smartphone makers China has reportedly ordered public servants working for central government agencies to stop using foreign-made smartphones, including the Apple iPhone. The move seems aimed at countering the US-led e Mon, 11 Sep 2023 16:48:16 GMT
[Interview] Korea needs to approach US-China rivalry with flexibility, says Moon’s former policy chief Kim Sang-jo, a professor of international trade at Hansung University, was an iconic figure in the Moon Jae-in administration.A civil activist during the paradigm shift in Korea’s economic framework, Sat, 09 Sep 2023 10:26:45 GMT
Sinking Chinese economy, rising oil prices may squash hope of year-end economic rebound for Korea The Korean economy faces two main obstacles to rebounding in the second half of 2023 amid the tandem deterioration of the industrial and price indicators coupled with emerging unexpected variables, in Fri, 08 Sep 2023 17:11:35 GMT
Eyeing European market, Chinese companies claim main stage at IFA trade fair The theme of the IFA Berlin 2023 trade fair, which kicked off last Friday, echoed concerns that are preoccupying Europe at the moment: the discovery of energy-efficient, sustainable technology.With Eu Mon, 04 Sep 2023 17:03:21 GMT
Germany’s fall to “sick man of Europe” has many implications for Korea, report argues Amid projections that the German economy will experience negative growth this year, there is mounting concern that Germany may fall from its status as one of the “great powers of Europe.”A new report Mon, 04 Sep 2023 16:49:41 GMT
Why Hyundai is skipping auto shows in Europe in favor of SE Asia After recently opting to attend a motor show in Indonesia, Hyundai and Kia plan to sit out upcoming premier world events in Germany and North America.Analysts said the automakers appear to be stepping Mon, 28 Aug 2023 17:27:40 GMT
Naver unveils HyperCLOVA X in bid to become early leader in Korea’s AI ecosystem “Tell me about that time that King Sejong tossed a MacBook.”When that question was posed on Thursday to CLOVA X, which seeks to be Korea’s answer to ChatGPT, the AI-powered chatbot said, “That’s not c Fri, 25 Aug 2023 16:49:17 GMT
Chinese real estate woes, high US interest rates spell trouble for S. Korea’s economy “The construction and real estate industries represent around 30% of China’s economy. A steep drop in Chinese demand from a real estate-based economic downturn could cause South Korea’s growth rate to Tue, 22 Aug 2023 17:09:27 GMT
Economies across the world have racked up liabilities – now, the bills are starting to arrive Moody’s downgraded the credit ratings of several smaller US banks, in a move that followed on the heels of the global credit rating agency Fitch’s first downgrade of the US national credit rating in 1 Mon, 14 Aug 2023 16:56:12 GMT
Will China’s responses to US economic controls hurt Korea? China has responded to economic controls imposed by the US with sharp countermeasures of its own. Perhaps most notable are three measures that have taken effect over the past two months. In order to m Fri, 11 Aug 2023 16:52:48 GMT
Return to crony capitalism? Korea’s big 4 chaebol eye rejoining FKI Samsung and three other Korean chaebol are speeding up efforts to rejoin the Federation of Korean Industries (FKI), which they withdrew from in the wake of the influence-peddling scandal under Preside Thu, 10 Aug 2023 16:58:44 GMT
2022 saw biggest dip in Korea’s GDP since 2008 financial crisis Last year, South Korea’s gross domestic product shrank by the largest amount since the 2007-2008 global financial crisis, dropping two places to rank 13th in the world.This reflects the structural wea Wed, 09 Aug 2023 16:28:37 GMT
Korea sinks further into trade deficit with China amid inaction from government A seismic shift has occurred in the trade structure between South Korea and China. While China has historically been South Korea’s biggest trading partner and a contributor to its trade surplus, it is Mon, 10 Jul 2023 16:54:40 GMT
Korean corporations saw major declines in sales in China following THAAD debacle A new survey has found that major Korean businesses operating in China have seen a 13% decrease in sales since 2016, when Beijing took retaliatory measures against Korea over a US missile defense syst Thu, 06 Jul 2023 17:38:30 GMT

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