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KOREA

BUSINESS

SK Group to invest 8 trillion won in Ulsan for green energy

SK Group Chairman Chey Tae-won reiterated the group's plan to invest 8 trillion won ($6 billion) in the city of Ulsan, mostly in green...
KOREA

New ID verification system in Korea to allow foreigners to open bank accounts online

Foreigners will be able to open bank accounts online at more banks with the Ministry of Justice's new residence card verification system. Jeonbuk Bank, Hana...
KOREA

South Korea, U.S. strengthen deterrence against North amid weapons deal concerns

South Korea and the United States vowed to elevate their deterrence against North Korea, the allies announced in a joint statement after defense talks...
BUSINESS

Supplier’s employees found guilty of pirating SK hynix chip technology to China

A former executive at SK hynix supplier surnamed Shin has been found guilty of pirating confidential chip technology to China and sentenced to one...
BUSINESS

Hanwha Aerospace UGV to undergo Pentagon testing in U.S.

Hanwha Aerospace will test its multipurpose unmanned ground vehicle (UGV) Arion-SMET at a U.S. Marine Corps training center in O’ahu, Hawaii. Hanwha Aerospace signed a...
KOREA

U.S. approves $5 billion F-35 fighter jet sale to Korea

The F-35A Joint Strike Fighter stealth jets taxi on a runway during an “elephant walk” training at the 17th Fighter Wing in Cheongju, North...
KOREA

President Yoon to address North-Russia issue at UN

President Yoon Suk Yeol will be attending the UN General Assembly in New York on Monday accompanied by first lady Kim Keon Hee. This marks...
BUSINESS

SK enpulse sells chip processing business to focus on value-added areas

SK enpulse is selling off its Chinese chip business dedicated to the pre-production stage as the company wants to streamline its business structure to...
BUSINESS

Incheon Int’l Airport to get $767 million makeover

Incheon International Airport will receive a major makeover as the operator of the airport will spend 1.02 trillion won ($766.62 million) revamping one of...
KOREA

Kim Jong-un says visit shows ‘strategic importance’ of ties with Russia

North Korean leader Kim Jong-un said his trip to Russia ahead of a rare summit with Russian President Vladimir Putin is a "clear manifestation"...
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