POSCO Daewoo, an energy unit of POSCO, has signed a contract for KW300 billion (US$267 million) with a consortium of US firms to develop a new gas block in Myanmar.According to Yo-han Choi of the Communications Department of the company, on June 27, POSCO Daewoo signed the deal in Washington Wednesd
Thursday, June 28, 2018Round-up of important news from major Korean, international dailies, other news sources today:The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.Korean Air chief grilled over suspected tax evasionKorean Air Lines Co. Chairman Cho Yang-ho appea
Samsung Electronics Co. on Thursday sent out an official invitation for the showcase event for its upcoming flagship phablet, presumably the Galaxy Note 9.The South Korean tech giant said it will host an "Unpacked" gathering on Aug. 9, 2018, at New York's Barclays Center.The date is some two w
South Korea ranked 49th among 114 countries in its shift from fossil fuels to sustainable clean energy, a recent report by the World Economic Forum (WEF) showed Thursday.South Korea scored 56 points out of 100 in the Energy Transition Index (ETI), the WEF's energy benchmark based on energy secur
The two Koreas are set to hold working-level talks Thursday to discuss cooperation on connecting roads over the border amid a thaw in inter-Korean relations.The meeting will begin at 10 a.m. on the northern side of the truce village of Panmunjom, according to the ministry. Vice Transport Minister Ki
U.S. Secretary of State Mike Pompeo expressed confidence Wednesday that North Korea understands the scope of the U.S. request for denuclearization.Speaking at a Senate hearing, the top U.S. diplomat refused to discuss details of ongoing negotiations between the countries to dismantle the regime'
The Korean daily media headlines and humorWednesday, June 27, 2018 Your Excellency: What’s ticking in Korea and around the world today?Here are The Korea Post notices and a roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today: Very Res
LG Foundation, a charity organization under the South Korean conglomerate LG Group, said Wednesday it will expand the scope of its existing education program for bilingual students amid the rise of international marriages in the country. LG said it partnered with the education ministry and H
The government called off a scheduled meeting on deregulation at the last minute on Wednesday, prompting suspicions over the whereabouts of President Moon Jae-in who had been set to attend the meeting.The meeting was originally scheduled to be held at the presidential office Cheong Wa Dae from 3 p.m
The chief of U.S. Forces Korea (USFK) on Wednesday dismissed concerns that the recent decision by Seoul and Washington to suspend their combined military exercises would lead to an end of all other drills and weaken deterrence capabilities.Gen. Vincent Brooks defended the decision, voicing hopes tha
Il Ponte, Millennium Seoul Hilton’s popular Italian trattoria, will host a special promotion featuring the formidable tomahawk steak. This special menu item will only be available during the month of June. The impressive tomahawk steak is 1.2kg of quality rib-eye, with a long exposed bone attached,
Hanwha Precision Machinery Co., Ltd. (CEO Yeon-cheol Kim) conducted a partnership day on June 21 in Munich, Germany, to sign contracts with six European distributors. Hanwha Precision Machinery Development Overseas Sales/Marketing Representatives, including Dr. Woo Sok Chang and Head of Robotics Bus
The Korean daily media headlines and humorTuesday, June 26, 2018 Your Excellency: What’s ticking in Korea and around the world today?Here are The Korea Post notices and a roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today: Very Respectfully
President Moon Jae-in on Tuesday appointed three new senior aides for the economy, job creation and civil affairs in the first reshuffle of presidential secretaries since he took office last year.Yoon Jong-won, a former director from the Finance Ministry, has been named the senior secretary to the p
The United Nations Command in South Korea will handle North Korea's return of the remains of American troops killed in the 1950-53 Korean War, U.S. Defense Secretary Jim Mattis has said.The repatriation was part of an agreement reached by U.S. President Donald Trump and North Korean leader Kim J
South Korea's consumer confidence dropped sharply to a 14-month low for June as sluggish job data and an intensifying U.S.-China trade row discouraged people here, central bank data showed Tuesday.The composite consumer sentiment index (CCSI) for this month stood at 105.5, down 2.4 points from t
The number of feature phone users in South Korea fell below the 7-million mark as of April, government data showed Tuesday, as smartphones continue to solidify their hold on the local market.According to the data compiled by the Ministry of Science and ICT, there were 6.9 million users of feature ph
Hyundai Rotem Co., a railway systems affiliate of Hyundai Motor Group, said Tuesday it has received a 542.4 billion won (US$486 million) order to build 80 train cars in Taiwan. The subway train cars equipped with an unmanned operating system will be produced at Hyundai Rotem's plant in S
“Korea’s exceptional economic transformation was made possible by its export oriented development strategy, based on rapid industrialization. Sharing the experience of Korea’s economic development could play a key role helping African countries capitalize on the opportunity of the 4th Industrial Rev
The Korean daily media headlines and humorMonday, June 25, 2018 Your Excellency: What’s ticking in Korea and around the world today?Here are The Korea Post notices and a roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today: Very Respectfully Y