South Korea's exports of information and communication technology (ICT) products rose 7.6 percent in November from a year earlier, making a turnaround after falling for 16 straight months, government data showed Thursday.Outbound shipments of ICT products came to US$17.9 billion last month, compared
SK Ecoplant Co., the construction arm of South Korea's chip-to-battery conglomerate SK Group, said Wednesday it has completed its second battery recycling plant in China in an effort to meet rising battery demand in the automobile industry.The second plant, located in Yancheng, Jiangsu province, is
The finance ministry said Wednesday the government will push to make it mandatory for companies to put shrinkflation warning signs on their products if they reduce packet contents without a price fall to match.The measure is in response to growing public complaints about shrinkflation practices, whe
Dongkuk Steel Mill Co., South Korea's third-largest steelmaker, said Tuesday it has succeeded in commercializing cryogenic flexible steel for making liquefied natural gas (LNG) storage tanks.The successful commercialization caps three years of research and development, and it has passed a cryogenic
By Business Editor Kim Hyung-daeJB Financial Group (led by Chairman Kim Ki-hong) has been recognized as an 'ESG Excellent Company' for the second consecutive year by the Korea ESG Standards Institute (KCGS).This year, a total of 1,049 companies were evaluated by the Korea ESG Standards Institute whi
Finance Minister Choo Kyung-ho has vowed to continue efforts to boost foreign investors' access to the South Korean market and create favorable conditions for corporate investment, his office said Friday.Choo made the remarks during a market opening ceremony at the London Stock Exchange on Thursday
South Korea's tech giant Samsung Electronics Co. has been promoting Busan's bid to host the 2030 World Expo with displays in major European cities, company officials said Friday.Samsung recently installed new billboards advertising the southeastern port city's attractions and displaying a message of
South Korea's industry ministry said Friday it plans to closely monitor the supply of hydrogen for automobiles amid supply disruptions in the central region.The government hosted a meeting with officials from hydrogen producers, retailers and regional governments to address the ongoing shortage, acc
SEOUL, Nov. 24 (Yonhap) -- The top diplomats of South Korea, China and Japan will hold trilateral talks in the southeastern port city of Busan this weekend, Seoul's foreign ministry said Friday, a gathering expected to focus on preparations to resume the long-suspended summit of the three neighbors.
South Korea's household income grew 3.4 percent from a year earlier in the third quarter, but expenditures rose by a wider margin amid inflation, data showed Thursday.The country's households earned an average of 5.03 million won (US$3,860) per month in the July-September period, up from 4.86 millio
South Korea plans to continue efforts to tame inflation amid the annual "gimjang" season during which households make kimchi ahead of winter, the deputy finance minister said Thursday.The remark followed reports that this year's average price of making kimchi with 20 cabbages is estimated at 191,000
On the 16th, the Korea Agriculture and Rural Development Administration held a research site meeting for eight foreign journalists from five countries, including France, Japan, and Russia, to introduce the agency and its research institutes.The meeting was organized to introduce Korea's agricultural
By Feature Editor Lee Sam-sun, Reporter Richard ParkKorea Trade-Investment Promotion Agency (KOTRA), led by CEO Yoo Jung-yeol, held the 'SEOUL FOOD in NY Pop-up Store' in New York City for two days beginning on Nov. 17, 2023 to support Korean food companies to enter the North American export market.
The Samsung Business Group, the largest business conglomerate in Korea, greeted its 85h birthday on March 22, 2023. It was the first anniversary day since Chairman Lee Jae-yong assumed the chairmanship of Korea’s largest business group from his father, former Chairman Lee Kun-hee. The occasion also
By Yang Yi, People's DailyThe economic growth of the Asia-Pacific region is expected to reach 4.6 percent this year, up from 3.9 percent in 2022, according to the Regional Economic Outlook for Asia and Pacific recently released by the International Monetary Fund (IMF).The report said that "economic
By Liu Tianliang, People's DailyChina's door of opening up will only open wider, and will never be closed. This is a promise China has made to the world.Chinese President Xi Jinping announced at the opening ceremony of the third Belt and Road Forum for International Cooperation that China will remov
By Yu Yichun, Zhao Yipu, People's DailyChinese President Xi Jinping sent a letter to the sixth China International Import Expo (CIIE) on Nov. 5.Xi said China will always be an important opportunity for global development, firmly advance high-standard opening up and continue to make economic globaliz
By Liu Zhiqiang, People's DailyChina's GDP grew 5.2 percent year on year in the first three quarters of 2023, reaching 91.3 trillion yuan (about $ 12.7 trillion), according to statistics recently released by the country's National Bureau of Statistics (NBS).The growths in the first, second and third
South Korea's car exports moved up 9.5 percent on-year in September on the back of stronger demand for eco-friendly cars, including electric vehicles (EVs) and hydrogen models, the industry ministry said Wednesday.The combined value of car exports reached US$5.23 billion in September, compared with
By He Yin, People's DailyThis year's Mid-Autumn Festival and National Day holiday saw packed tourist sites, sold-out cinemas and restaurants, and record-high numbers of travelers, showcasing vigorous vitality across China.This has drawn significant global attention in recent days. It is believed the