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Wednesday, September 18, 2024

BUSINESS

Korean government boosts budget for Ukrainian reconstruction

The Korean government will increase the budget for Ukrainian reconstruction support in the upcoming year, along with a boost to the overall Official Development...

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Korea’s tax revenue to fall short by $44.5 billion, Finance Ministry says

Korea will collect 59.1 trillion won ($44.5 billion) less in tax this year than initially estimated due to dwindling corporate profits and the downturn...

Korean Gov’t to invest $1.65B to form industrial clusters, boost innovation

The government will invest 2.2 trillion won ($1.65 billion) over the next five years to build industrial clusters and enable small and medium-sized enterprises...

Gov’t ponders fuel tax cut extension amid soaring oil prices

The government will review the extension of a tax cut on fuel consumption, set to expire in October, as global oil prices grow to...

SK Group to invest 8 trillion won in Ulsan for green energy

SK Group Chairman Chey Tae-won reiterated the group's plan to invest 8 trillion won ($6 billion) in the city of Ulsan, mostly in green...

Supplier’s employees found guilty of pirating SK hynix chip technology to China

A former executive at SK hynix supplier surnamed Shin has been found guilty of pirating confidential chip technology to China and sentenced to one...

Hanwha Aerospace UGV to undergo Pentagon testing in U.S.

Hanwha Aerospace will test its multipurpose unmanned ground vehicle (UGV) Arion-SMET at a U.S. Marine Corps training center in O’ahu, Hawaii. Hanwha Aerospace signed a...

SK enpulse sells chip processing business to focus on value-added areas

SK enpulse is selling off its Chinese chip business dedicated to the pre-production stage as the company wants to streamline its business structure to...

Incheon Int’l Airport to get $767 million makeover

Incheon International Airport will receive a major makeover as the operator of the airport will spend 1.02 trillion won ($766.62 million) revamping one of...