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Tuesday, May 7, 2024

BUSINESS

Korea, Indonesia sign 16 biz deals in Jakarta

Korea and Indonesia clinched a total of 16 deals at the business round table held Thursday in Jakarta, boosting cooperation on advanced technology and...

Posco International breaks into U.S. carbon capture sector

Trade and energy company Posco International is entering the U.S. carbon capture and storage (CCS) business as the first Korean company to make a...

Demand for private education defies Korea’s declining demographics

Despite decaying demographics, Koreans are spending more on private education and opening more cram schools. There were 109,488 cram schools and private study rooms in...

Korea’s GDP up 0.6% in Q2 despite export decline

Korea’s gross domestic product (GDP) grew 0.6 percent in the April-June period from the previous quarter, remaining unchanged from the earlier estimate. Second-quarter expansion was...

Hyundai EVs race to top spot in Indonesia

Over half of the electric vehicles sold in Indonesia this year were made by Hyundai Motor, the Korean automaker that has been steadily strengthening...

Korea logs $870M trade surplus in August

Korea reported a third consecutive month of trade surpluses in August. Exports fell for 11 months straight, but imports plunged further on the fall of...

Samsung Electronics to supply HBM3 to Nvidia

Samsung Electronics will supply its high-bandwidth memory 3 (HBM3) chips to Nvidia from as early as next month, setting a major milestone for its...

Gov’t hikes funds for biomedical research and development

As Korea shines a spotlight on biopharmaceuticals and healthcare, spending on biomedical research and development (R&D) is about to get a major boost. The ambitious...

Climate change fuels inflation, threatens food industry

Extreme heat and abnormal climate are slamming global economies, fueling inflation. Korea’s inflation fell below 3 percent in June and July, but torrential downpour, extreme...
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