State-backed agency celebrates 60th anniversary
South Korea has chalked up a fast economic growth based on exports, as demonstrated by such global corporations as Samsung Electronics and Hyundai Motor.
However, exports have been regarded as tall tasks for mid- and small-sized...
M&A gets brisk in the food & beverage markets
There were a few pieces of news about mergers and acquisitions (M&As) in the South Korean food and beverage market this week, which involved SPC Group and McDonald’s Korea.
On June 7,...
South Korean firm win recognition in information security
Korea Ginseng Corporation (KGC) announced on June 10 that the company had gained two certificates in information security from the International Organization for Standardization (ISO).
The Seoul-based company, which is the country’s largest...
Two firms target for next-generation service robot market
South Korea’s Hyundai Robotics announced on June 1 that the company had joined hands with global telecom powerhouse Vodafone during a recent trade fair in Germany.
The Seoul-based company noted that it would...
Korean outfit inks fourth-stage development contract
The Korea National Railway (KNR) announced on May 31 that the South Korean outfit had inked a memorandum of understanding (MOU) with PT MRT Jakarta.
Under the agreement, the KNR-headed consortium would work on the...
Korean Army stages six-week-long trial
South Korean defense company Hanwha Defense announced on May 29 that its Redback infantry fighting vehicle (IFV) had demonstrated performances during a media invitation event held two days earlier.
The Seoul-based company said that the event...
Delegates from 18 countries take part in ceremony
Representatives from 18 countries congratulated on the launch of the Global Hydrogen Industrial Association Alliance (GHIAA), which took place in Seoul on May 25. The followings are the remarks from 11 representatives...
Moon Jae-do will lead GHIAA as an inaugural head
Representatives from a total of 18 countries got together on May 25 to debut a global organization grouping hydrogen-associated outfits so as to establish a new ecosystem focusing on hydrogen.
South Korea’s...
World’s first adjustable automotive display will come to town
Hyundai Mobis announced on May 22 that the company had developed the world’s first adjustable display technology for automotive cockpit systems.
The Seoul-based auto part manufacturer said that it had adopted a...
Asia’s first facility for special virtual effects to be built
The South Korean government held an event on May 20 to announce a $100 million investment of a Netflix subsidiary, dubbed Scanline VFX, in the Asian country over the next...