Category: South Korea

(Oct. 26) Manila, Philippines - Transportation Secretary Jaime Bautista reveals Incheon International Airport Corp.'s interest in NAIA operations and maintenance contract worth P170.6 Billion ($3 billion). (Photo: FIle | Manila Times)
Estimated read time 3 min read
Business Philippines South Korea

Incheon airport operator joins bid to transform Manila’s international airport

  • Post Date 10/26/2023

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…]

Ellabell, GA - South Korea's Hyundai is swiftly constructing its inaugural electric vehicle (EV) manufacturing facility and it remains on schedule to commence production in 2025. (Photo: Hyundai)
Estimated read time 3 min read
Business South Korea U.S.

Hyundai’s sprawling EV factory in Georgia nears completion

  • Post Date 10/25/2023

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…]

President Yoon Suk Yeol's inaugural state visit to Doha sees Qatar and South Korea cement collaborative ties with MOUs. (Photo: Amiri Diwan)
Estimated read time 3 min read
Business Qatar South Korea

South Korean and Qatari companies ink $4.6 billion worth of deals during President Yoon’s state visit

  • Post Date 10/25/2023

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 Pharmaceutical is currently grappling with the prospect of incurring a substantial financial penalty due to allegations of engaging in illegal rebate practices. (Photo: JW Pharmaceutical)
Estimated read time 2 min read
Business South Korea

JW Pharma confronts a potential 30 Billion Won ($21 million) fine amid allegations of unlawful rebates

  • Post Date 10/19/2023

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…]

Korean Air, South Korea's largest carrier, plans to sell Asiana Airlines' air cargo business and divest routes to four EU cities to secure EU antitrust approval for its acquisition of Asiana. (Photo: Alan Wilson | Keia)
Estimated read time 1 min read
Business European Union South Korea

Korean Air proposes sale of Asiana’s cargo business and routes to meet EU regulatory requirements

  • Post Date 10/18/2023

Korean Air, South Korea’s largest airline, is planning to sell Asiana Airlines’ air cargo business and relinquish routes to four European cities as part of [more…]