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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

S. Korea’s exports of cosmetics products ranked third in the world last year

South Korea’s combined exports of cosmetics products increased 16.1 percent to 8.28 trillion won ($7.28 billion) in 2020, ranking third in the world, following France and the US, data showed Monday. According to the data released by the Ministry of ... Read More

Chips, displays continue to boost S. Korea’s ICT exports in May

South Korea's exports of information and communication technology (ICT) products rose around 30 percent last month, data showed Monday, thanks to strong demand for semiconductors, displays and mobile phones amid signs of a global economic recovery from the pandemic-induced slump. ... Read More

Korea’s exports of computer, display panels feared to weaken later this year: FKI

South Korea’s exports of computers, display panels and home appliances could weaken later this year as a result of declining global demand and growing tensions between the US and China, a new report has warned. But other sectors -- secondary ... Read More

S. Korea to invest W90b on development of clean fuel

South Korea said Thursday it plans to allocate 90 billion won ($80.6 million) by next year to carry out research and development projects for electrofuel, in line with its vision to go carbon neutral by 2050. Electrofuel refers to an ... Read More

Genexine signs vaccine supply deal with Indonesia

Local vaccine developer Genexine has signed a contract with an Indonesian pharmaceutical company to supply 10 million doses of its COVID-19 vaccine candidate, the company said Tuesday. According to the firm, Indonesian pharmaceutical company PT Kalbe Farma will purchase 10 ... Read More