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Korea, Ethiopia expand cooperation for forest restoration, sustainability

The Korea Forest Service has been expanding collaboration with Ethiopia to restore degraded forests and facilitate cooperation among ethnic groups in conflict regions through sustainable agroforestry...

Jun 17, 2020
S. Korea to spend W160b on developing self-driving ships

South Korea said Wednesday it will spend 160 billion won ($132 million) to launch a vessel capable of sailing with just a minimum number of sailors by 2025. Under the six-year project, South Korea p...

Jun 17, 2020
[Monitor] Housing price polarization deepens

Housing polarization is rapidly deepening in South Korea, with the price gap between high and low-priced apartments widening to the highest levels in 10 years, latest data showed. According to the m...

Jun 17, 2020
Clinical trials of chloroquine for COVID-19 treatment halted in S. Korea

Clinical trials in South Korea to evaluate the potential therapeutic efficacy of an anti-malaria drug, chloroquine, for the treatment of the novel coronavirus have been halted, hospital officials sai...

Jun 17, 2020
DRAM prices on downward trend, boding ill for Korean chipmakers

Spot market prices for DRAM chips are on a downward trend after reaching their peak in April, industry data showed Wednesday, boding ill for South Korean chipmakers. The spot price of 8-gigabit DDR4...

Jun 17, 2020
[News Analysis] Why hydrogen when there’s already EV?

Despite loopholes in safety rules, Hyundai makes big push for hydrogen vehicles

Jun 16, 2020
[News Focus] Fanfare for SK Biopharm stock debut, but should you invest?

SK Biopharmaceuticals’ imminent initial public offering on South Korea’s main bourse Kospi has the stock market excited. But is it really the right time to buy? The global coronavirus pandemic has d...

Jun 16, 2020
SK Innovation ranks 5th in EV battery sales in April

SK Innovation ranked 5th in the global electric vehicle battery market in April, according to industry data Tuesday. According to market tracker SNE Research, SK Innovation took up 3.5 percent of gl...

Jun 16, 2020
Celltrion plans 2 types of COVID-19 test kits for overseas markets

‘Point-of-care test’ and ‘rapid diagnostic test’ kits prepared in collaboration with BBB, Humasis

Jun 16, 2020
KT to buy stake in Hyundai Heavy's robotics unit

KT Corp., a major South Korean telecommunications firm, on Tuesday said it will acquire a 10 percent stake in a robotics unit of shipbuilding giant Hyundai Heavy Industries Group to enhance its compe...

Jun 16, 2020
S. Korean companies' sales, profitability narrow in Q1 amid pandemic

South Korean businesses' sales and profitability worsened in the first quarter from three months earlier, central bank data showed Tuesday, amid slowing demand at home and abroad caused by the spread...

Jun 16, 2020
Cash-strapped Doosan to sell core construction equipment maker unit

Cash-strapped Doosan Group plans to sell its key construction equipment maker unit Doosan Infracore Co. as part of its self-rescue measures to receive financial support from creditor banks, industry ...

Jun 16, 2020
[Monitor] Change in global market share of chipmakers

With China gearing up to enter the global semiconductor market, there have been notable changes in the market share of major memory chip producers in the last 10 years, data by the Federation of Kore...

Jun 16, 2020
LG introduces new smartphone Velvet in Europe

LG Electronics Inc. on Tuesday introduced its new smartphone, the Velvet, in Europe as the South Korean tech firm hopes its latest handset can end a long slump in its mobile business amid the virus p...

Jun 16, 2020
S. Korea to extend anti-dumping duties on Japanese steel plates for 3 years

SEJONG -- South Korea's finance ministry said Tuesday it will extend anti-dumping duties on Japanese stainless steel plates for three years. South Korea has imposed the 13.17 percent anti-dumping ta...

Jun 16, 2020

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