• English
  • Bahasa Indonesia
  • 한국어

News

S. Korea to beef up critical metals stockpile

South Korea will drastically increase its strategic stockpiles of nickel, cobalt and other critical metals, in a bid to ensure a stable supply of raw materials vital to key industries including electric vehicle batteries and renewable energy, the government said ... Read More

S. Korea‘s biopharmaceutical exports more than double in 2020

Korea’s exports of biopharmaceutical products more than doubled in 2020 from a year earlier on the back of growing demand for pharmaceutical products amid the COVID-19 pandemic, a report showed. Outbound shipments of high-end biopharmaceutical products came to $5.1 billion ... Read More

July exports best-ever in Korea’s history

South Korea’s exports in July surged 29.6 percent to $55.4 billion on-year, a record monthly figure since the nation began compiling the data in 1956, according to the Trade Ministry Sunday. In the first seven months of this year, Korea’s ... Read More

Hyundai, LG collaborate to build EV battery plant in Indonesia

South Korea’s leading automaker Hyundai Motor Group and battery producer LG Energy Solution are joining forces to establish a $1.1 billion electric vehicle battery plant in Indonesia, the companies said Thursday. The two companies signed a memorandum of understanding with ... Read More

Korean firms in Southeast Asia ask for vaccine help

South Korean companies operating in virus-stricken Southeast Asian countries have asked for the government’s help in procuring COVID-19 vaccines for its workers there, the Ministry of Trade, Industry and Energy said Wednesday. They also called for relaxed quarantine requirements on ... Read More

S. Korea exports of antibody test kits increase for second consecutive month

South Korea‘s exports of antibody test kits increased for two consecutive months this spring, according to the Korea Customs Service’s data, Friday. Exports of COVID-19 test kits, however, are expected to decrease in the future due to international vaccination efforts, ... Read More

Hyundai Motor, Kia pledge to 100% renewable energy by 2050

South Korean carmakers Hyundai Motor and Kia will join a global clean energy initiative and will transition to 100 percent renewable energy by 2050, the firms’ parent Hyundai Motor Group said Wednesday. The automakers and three other units under the ... Read More

Samsung to switch all company cars to eco-friendly vehicles by 2030

Samsung Electronics Co. said Wednesday it plans to switch all of its company cars to environment friendly vehicles by 2030, joining South Korea's efforts to reduce emissions of greenhouse gases largely responsible for global warming. The South Korean tech giant ... Read More