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Friday, April 18, 2025

BUSINESS

Births and marriages in Korea hit April lows as declines continue

Korea suffered the steepest drop to date in the number of new births and marriages for an April, despite the month being widely favored...

Hyundai Mobis unveils displays for the car of tomorrow

Sit down in the driver's seat and tell your vehicle your destination. Let the vehicle drive itself, while you activate a 30-inch in-car display...

Korea inks $213M nuclear deal with Romania

Korea secured a 195-million-euro ($213.4 million) nuclear facility deal with Romania. It is Korea’s biggest deal ever for a single nuclear facility, according to the...

Korea is all hands on deck for AI chip race

  The government will invest 826.2 billion won ($632 million) to shape an AI ecosystem in Korea by 2030 with indigenous high-end AI chips. A pre-launch...

Only some local chipmakers will qualify for U.S. subsidies

Only a few Korean chipmakers will be able to receive subsidies for chip materials and equipment facilities, according to the Ministry of Trade, Industry...

Korea, Vietnam to further cooperate on supply of key minerals

Korea and Vietnam agreed to cooperate more closely in commerce, technology, and the mineral supply chain, forging more than 100 preliminary business agreements Friday...

U.S. government to loan $9.2 billion to BlueOval SK for battery factories

BlueOval SK, a joint battery venture between SK On and Ford Motor, will receive a $9.2 billion loan from the U.S. government for their...

Business leaders accompanying President Yoon to Vietnam seek new opportunities

Business leaders who joined President Yoon Suk Yeol's 205-member delegation to Vietnam are seeking out new business opportunities while inspecting existing ones in the...

Korea posts record current account deficit with China in 2022

Korea posted a record current account deficit with China in 2022 on a plunge in chip exports, and a record surplus with the United...

Korean airlines begin suspending routes to China

Korean airlines started suspending their routes to China on Tuesday amid escalating tensions between Korea and China. Korean Air, the largest flag carrier in Korea, announced...