South Korean defense firm LIG Nex1 gets $3.2 billion contract for missile system
In a major boost to South Korea’s defense exports, LIG Nex1 has secured a lucrative $3.2 billion deal with Saudi Arabia for the sale of [more…]
Category: South Korea
Homeplus prepares for Lunar New Year gift sales amidst rising inflation
As South Korea gears up to celebrate the Lunar New Year, Homeplus, a leading discount store chain, has announced its plans to offer a wide [more…]
Chinese e-commerce giants’ growing influence in South Korea
China’s e-commerce giants are rapidly expanding their presence in South Korea, capturing the attention of millions of Korean shoppers with their competitive prices and wide [more…]
Hyundai Motor’s newest Singapore hub paves the way for future mobility
In a significant leap towards revolutionizing the automotive manufacturing landscape, Hyundai Motor Group unveiled the Hyundai Motor Group Innovation Center Singapore (HMGICS) on Tuesday. Positioned [more…]
Hyundai unleashes power-packed IONIQ 5 N, a high-performance electric marvel
In a groundbreaking move, South Korean automotive giant Hyundai has roared into the high-performance electric vehicle (EV) arena with the debut of its N sport [more…]
Asiana Airlines set to revisit cargo business sale decision
In a significant development, Asiana Airlines Inc., South Korea’s second-largest air carrier, has announced that its board will reconvene this week to deliberate on the [more…]
Incheon airport operator joins bid to transform Manila’s international airport
The competition for the highly-anticipated contract to operate and maintain the Ninoy Aquino International Airport (NAIA) has intensified as Incheon International Airport Corp., the operator [more…]
Hyundai’s sprawling EV factory in Georgia nears completion
In a remarkable display of progress and innovation, Hyundai Motor Group is rapidly transforming a vast expanse of Georgia’s landscape into a state-of-the-art vehicle and [more…]
South Korean and Qatari companies ink $4.6 billion worth of deals during President Yoon’s state visit
In a significant development bolstering economic ties between South Korea and Qatar, a contract worth $3.9 billion and 11 memorandums of understanding (MOUs) valued at [more…]
JW Pharma confronts a potential 30 Billion Won ($21 million) fine amid allegations of unlawful rebates
On Thursday, the antitrust regulator announced a hefty fine of 29.8 billion won (approximately US$21.93 million) for JW Pharmaceutical, a domestic pharmaceutical company, for allegedly [more…]