Ms. Oureye Sall, a student staying in Korea from Senegal says, the priority sectors for the Korean business companies desired to invest in her country, Senegal are, rural development, agriculture, fishing, transport, construction, water management and health.According to Ms. Sall, Samsung electronic
South Korea and Germany have agreed to establish a joint research and development (R&D) center to further promote bilateral cooperation and penetrate deeper into new lucrative industries such as material and part industries, Seoul's trade ministry said Wednesday.The state-run Korea Institute for
South Korea and Germany on Tuesday agreed to collaborate on more research and development (R&D) programs starting next year to nurture key industrial materials and equipment to cope with growing competition in the global market.The agreement came as Industry Minister Sung Yun-mo met his German count
Hanwha Systems Co., the defense industry unit of Hanwha Group, said Tuesday it has won an order worth 49 billion won (US$41 million) to install a combat management system on four Navy vessels.Under the deal with Hanjin Heavy Industries & Construction Co., a midsized shipyard in South Korea, Hanwha S
The South Korean economy shows a continued sluggishness due to slowing exports and weak investment, a state-run think tank said Sunday."The Korean economy remains subdued with a contraction in exports and investment despite the improvements in a few sentiment indices," the Korea Development Instit
Hyundai Transys Inc., an auto parts affiliate of Hyundai Motor Group, said Sunday it has signed an agreement with Germany's Brose Fahrzeugteile GmbH & Co. to develop seats for future vehicles.Under the memorandum of understanding, the two sides will join hands to develop lightweight vehicle seat
SK Innovation Co., a major electric vehicle (EV) battery maker in South Korea, said Wednesday it has signed a six-year deal with Swiss-based Glencore PLC to secure supplies of cobalt, a key material used in EV batteries.Under the agreement, SK Innovation will receive a total of 30,000 tons of cobalt
South Korea said Wednesday it plans to support Uzbekistan's bid to join the World Trade Organization (WTO) in line with its efforts to broaden ties with Central Asia.Trade officials from the two sides are set to begin a two-day seminar in Tashkent on Thursday to discuss how Asia's No. 4 econ
South Korean banks saw their financial health improve slightly in the third quarter of this year from a quarter earlier, data showed Wednesday.The average capital adequacy ratio of 19 commercial and state-run banks stood at 15.40 percent as of the end of September, up 0.05 percentage point from the
Foreign investors' love for Kakao Corp. seems to be showing no signs of a letup, even during their weekslong sell-off spree of local stocks, on expectations that the operator of the country's most popular messenger KakaoTalk may get a further boost from its lucrative platform, content and fi
Samsung Electronics Co. is planning to launch the Galaxy Fold in more countries, including Brazil, New Zealand and Chile, as its first foldable device draws stronger-than-expected market response, industry sources said Sunday.According to the sources, the world's largest smartphone maker is cons
A wild boar found dead near the border with North Korea has tested positive for African swine fever (ASF), authorities said Sunday, bringing the number of such cases to 34 in South Korea.The wild boar was caught by a joint team of soldiers and civilian hunters in Paju, northwest of Seoul, earlier th
SK Energy Co., South Korea's leading oil refinery and gas station operator, said Sunday its desulfurization facility in the country will be completed by January, with its commercial operation likely to start in March.Since 2017, SK Energy has spent 1 trillion won (US$846 million) on building the
South Korea and Japan will hold high-level talks with Japan in December, the first step toward resolving their bilateral trade row, Seoul's trade ministry said Friday.On Thursday, working-level trade officials from South Korea and Japan met in Seoul, apparently to discuss the schedule and agenda
South Korea's overall industrial output fell 0.4 percent in October from a month earlier due mainly to a decrease in the production of auto and electronic parts, government data showed Friday.The data compiled by Statistics Korea showed the production in the mining, manufacturing, gas and electr
South Korean manufacturers' business sentiment continued to worsen for the upcoming month, central bank data showed Thursday, amid a steady decline in exports and sluggish demands at home that are apparently reflected in record low inflation.The business sentiment index (BSI) of manufacturing fi
Samsung Electronics Co. has agreed to supply central processing units (CPUs) for computers to Intel Corp. to help address the U.S. chipmaker's chip supply issues, industry sources said Thursday.Intel has been struggling to meet demand for 14-nanometer chips for PCs since late 2018 and recently i
South Korean carmaker Hyundai Motor Co. said Tuesday it will build a US$1.55-billion plant in Indonesia by 2021 to tap deeper in the Southeast Asian markets dominated by Japanese rivals.The investment decision comes as Hyundai Motor is working to explore new markets and secure a new growth driver am
Unmanned security vehicles, robots, drones and other high-tech devices are playing a role in the protection of foreign heads of state attending the Korea-ASEAN (Association of Southeast Asian Nations) special summit in Busan, officials said Monday.Among the many high-tech security devices installed
South Korea and the Philippines agreed on Monday to conclude their free trade agreement (FTA) negotiations in the first half of 2020, Seoul's trade ministry said.South Korean Trade Minister Yoo Myung-hee and her counterpart Ramon Lopez signed a joint statement during a meeting held in the southe