The prosecution, which is investigating allegations of bidding collusion by domestic furniture companies such as Hanssem and Hyundai Livart, has launched a forced investigation.The Fair Trade Investigation Department of the Seoul Central District Prosecutors' Office announced on Feb. 1 that it is se
The newly appointed Ambassador Extraordinary and Plenipotentiary of Turkmenistan to the Republic of Korea Begench Durdyev presented his credentials to President Yoon Suk-yeol at the Yongsan Presidential Palace in Seoul on Jan. 26, 2023.President Yoon congratulated Ambassador B. Durdyev on his appoin
Justice Minister Han Dong-hoon met U.S. Ambassador to Korea Philip Goldberg at the Gwacheon Government Complex, Gyeonggi Province on Jan. 30.The two sides reaffirmed the importance of friendly relations between the two countries on the occasion of the 70th anniversary of the Korea-U.S. alliance this
"We will devise policy toward entering and leaving the country and immigration as a farsighted national policy," Minister of Justice Han Dong-hoon on Jan. 26 said at the beginning of his report on the policy to President Yoon Suk-yeol at Yeongbingwan, the guesthouse at the former presidential compou
SNT Dynamics signed an export contract with Turkiye BMC on Jan. 30 for 1,500 horsepower automatic transmission to be installed in Altay's main battle tanks (MBT).This export to Turkiye is the first export contract of K-defense this year and the first case that led to overseas exports by independentl
LG Electronics announced full-year 2022 consolidated revenue of 83.5 trillion won with operating profit of 3.6 trillion won on Jan. 27. In 2022, LG achieved its highest annual revenue ever – surpassing 80 trillion won for the first time in its history – increasing 12.9 percent over 2021, when sales
Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin held the working group meeting of Korea-Middle East public-private joint committee for economic cooperation on Jan. 25 at the Korea International Trade Association (KITA) in the attendance of relevant ministries, public instit
“The ratification of the Cambodia-Korea Free Trade Agreement (CKFTA) will accelerate bilateral trade and investment between the two countries in the coming years,” said Amb. Chring Botumrangsay of Cambodia in Seoul.Delivering a welcome speech at the Cambodia-Korea Business and Investment Forum held
By Amb. Lakshmi PuriWhen the Golden Globe Award for ‘Best Original Song’ was announced on 10 January 2023, the roar of applause for the winning movie ‘RRR’ was echoed manifold in India and the world. It signified the celebration of India’s vibrant cinematic tradition—globally the largest, most proli
LG Group and Hanwha Group have embarked on omnidirectional cooperation in the field of batteries. It is because the interests of the two groups aligned as the energy storage system (ESS) market grew worldwide.The two groups are evaluated as having emerged as a new battery alliance as they decided to
LG Electronics’ home appliance manufacturing plant in the United States has been selected as a world-leading Lighthouse Factory by the World Economic Forum (WEF).The million-square-foot factory in Clarksville, Tennessee – the U.S. production base for LG’s award-winning washers and dryers – is the in
Hyundai Motor Group promoted the South Korean city of Busan’s bid to host World EXPO 2030 at the World Economic Forum (WEF) in Davos, Switzerland, an event that engages the world’s top political, business and cultural leaders, on Jan. 16.During the forum held from Jan. 16 to 20, the Group operated a
Trade, Industry and Energy Minister Lee Chang-yang, on the occasion of the World Economic Forum (WEF), held bilateral talks with the industry and energy ministers of Poland and the Czech Republic on Jan. 18 in Davos to discuss cooperation in nuclear power plants and high-tech industries.Minister Lee
President Yoon Suk-yeol urged the CEOs of world-leading corporations on Jan. 18 in Davos, Switzerland to invest more in Korea, saying, "The Korean market is open and so is my office, so please visit any time."Senior Secretary to the President for Public Relations Kim Eun-hye said in a news release t
The following article and picture materials have been provided by the Embassy of the Republic of Uzbekistan in Seoul for publication by The Korea Post media, publisher of 3 English and 2 Korean-language news publications since 1985.—Ed.The National Defense Control Center hosted an expanded meeting o
The United Arab Emirates (UAE) has decided to invest $30 billion (about 37.26 trillion won) in South Korea, the president's office said. This is the largest investment agreement between the UAE and other countries.President Yoon Suk-yeol held a Korea-UAE summit with President Mohamed bin Zayed Al Na
On Jan. 11, President Yoon Suk-yeol made a statement that South Korea can make nuclear weapons on its own. This remark is a hot topic at home and abroad.President Yoon's remarks do not mean that South Korea will make nuclear weapons unconditionally, but with the following conditions. If there is no
POSCO Group participated in CES 2023, the world’s largest IT and electronics convergence fair held in Las Vegas, the U.S., this year following last year.CES 2023 is held from Jan. 5 to 8, and at the event, POSCO Group introduced the POSCO Venture Platform, which finds and invests in future new growt
Trade, Industry and Energy 2nd Vice Minister Park Il-jun met with Jose W. Fernandez, visitng U.S. Under Secretary for Economic Growth, Energy, and the Environment, on Jan. 10 at the Government Complex Building in Seoul to discuss cooperation in critical minerals, energy resources, and support for Ko
LG Electronics won its most awards ever compared to previous years at CES 2023 held in Las Vegas, the U.S. – with more than 220 recognitions honoring top innovations across its home appliance and home entertainment categories.Among the top honors received by LG at CES 2023 was the coveted, Engadget