The city of Ulsan announced on Feb. 10 that the local authorities are embarking on a joint project called ‘IKMP (Invest Korea Market Place)’, a matching platform designed to connect potential investors and investees, with KOTRA IK (Invest Korea).The project aims to help small capable entrepreneurs w
KT&G Corp., South Korea's dominant tobacco company, said Thursday it has bagged a US$1.8 billion cigarette supply deal in the Middle East.In the deal, KT&G will supply its traditional cigarette products to Alokozay International Ltd. until June 30, 2027, the company said in a statement."The deal has
South Korea's confirmed cases of the new coronavirus continued to spike on Monday without signs of a let-up, as the nation provides an "all-out response" to the fast-spreading virus that includes a massive testing program.The country reported 476 new cases of the coronavirus as of midnight, bringing
Samsung Electronics, a world leader in advanced semiconductor technology, today introduced a Common Criteria Evaluation Assurance Level (CC EAL) 5+ certified Secure Element (SE) turnkey solution for mobile devices. The new SE offers a strong security solution, consisting of a security chip (S3K250AF
SsangYong’s February 2020 sales dropped 27.4 percent over the same month last year due to depressed domestic auto market, shortages of wiring harness and seven-day suspension of production at the plant.Its domestic sales declined 32.7 percent to 5,100 units year-on-year due to lower demand resulting
Daol Globalis a global cosmetic company that brings Korean beauty to the world. It distributes and exports Korean cosmetic products mainly to the Middle East, South East Asia and Africa. It also provides other services such as; business consulting, organizing exhibitions, brand making, etc. Daol Glo
Chung Jae-suk, administrator of the Cultural Heritage Administration (CHA), says that the CHA’s policy will be shifted to one that will “impress the people.” In an interview with The Korea Post, Administrator Chung said that the way of enjoying the cultural heritage is being transformed into the dig
South Korea's overall industrial output rose in January, but the rapid spread of the new coronavirus is widely expected to have an impact on industrial activities this month, data showed on Friday.The country's overall industrial output gained 0.1 percent last month from a month earlier, according t
Park Chong-ho, administrator of the Korea Forest Service (KFS), has announced its major business plan for 2020 which calls for “accelerating the people-oriented forest policy” to help Koreans enjoy nature as much as possible.Viewing the 2019 achievements, Administrator Park said the Korea Forest Ser
Il Ponte, Millennium Hilton Seoul’s popular Italian trattoria, has unveiled its new menu. Long-acclaimed for its authentic Italian pizzas and homemade pastas, Il Ponte has added tempting new ones to its culinary repertoire starting from March 2nd, 2020.The new items will include a signature pasta of
Public interest in strengthening the immune system has recently been increasing amid growing concerns over harmful external environments, including the novel coronavirus (officially named as COVID-19) and find dust unrelenting even in the cold weather. In particular, COVID-19 can develop respiratory
Amorepacific Corporation, a cosmetics conglomerate in South Korea announced the launch of its new skincare product, Sulwhasoo collection on Feb. 24, 2020.The brand consists of three makeup products, including Perfecting Cushion, Midnight Brightening Cushion, Essential Lip Serum Stick, and 5 promotio
Kim Jeonghee, Seoul Semiconductor PR manager stated on Jan. 7, 2020 that the Micro Clean LEDs are the largest consumer electronics and technology exhibition and will be massively produced in the near future.The two companies will produce customized display screen sizes by combining technology capabi
Celltrion Healthcare, which handles Celltrion's overseas business, announced on Feb. 18, 2020 that Remsima SC was successfully released in Germany.According to Celltrion Healthcare Vice Chairman Kim Hyeong-gi, Remsima SC is the first prescription for autoimmune diseases that the company is selling t
Asiana Airlines, one of the largest airlines in South Korea announced on Tuesday all of its employees will take unpaid leave as air travel demand has plummeted due to the spreading coronavirus outbreak.Some of about 10,500 employees are set to take 10 days of unpaid leave starting Wednesday. Others
Physiogel, the skin care brand of GSK Consumer Healthcare, has won the top prize in the “2020 Korea Consumer Awards,” which was organized by the Korea Consumer Association.According to a Physiogel official, the company was named the No. 1 consumer brand skin care category after receiving excellent r
Japan has taken issue with Hyundai Heavy Industries' deal to take over smaller local rival Daewoo Shipbuilding & Marine Engineering Co. in its second complaint with the World Trade Organization (WTO).Japan has requested WTO dispute consultations with South Korea regarding Seoul's alleged subsidies t
GM Korea Co., the South Korean unit of General Motors Co., said Wednesday that it will temporarily suspend one of three domestic car assembly plants due to shortages of Chinese parts amid the spreading coronavirus outbreak.GM Korea is set to close its main Bupyeong plant in Incheon, just west of Seo
Sales of Samsung Electronics Co.'s new foldable phone may be around 3 million units this year, analysts here said Wednesday, as the phone's competitive price and portable design could attract more consumers than its predecessor.Samsung unveiled the Galaxy Z Flip at its Galaxy Unpacked 2020 event in
South Korea's central bank is again facing pressure to deliver more interest rate cuts to shield Asia's fourth-largest economy from the fast spread of the new coronavirus that may already be undermining its consumption and exports.The Bank of Korea (BOK) had widely been anticipated to stand pat on i