SEOUL, Nov. 17 (Korea Bizwire) – Hyundai Glovis Co., the shipping logistics unit of Hyundai Motor Group, said Monday it has completed the transport of K2 tanks and K9 self-propelled howitzers to Poland last week, demonstrating its growing defense logistics capabilities. The company said it successfully delivered 20 K2 tanks produced by Hyundai Rotem Co., [...]
SEOUL, Nov. 16 (Korea Bizwire) – South Korean individual investors’ net purchases of overseas stocks reached a new high for a half-month period in November, driven by their aggressive investment patterns, officials said Sunday. Local investors bought a net US$3.63 billion worth of foreign stocks in the first 14 days of this month, more than [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s auto, shipbuilding and semiconductor industries on Friday broadly welcomed the release of the joint fact sheet detailing the country’s trade and security agreement with the United States, easing weeks of anxiety over steep tariffs. But automakers voiced disappointment that the timing of tariff reductions remains unclear and that [...]
SEOUL, Nov. 14 (Korea Bizwire) – South Korea’s economy is showing signs of a slow but broadening recovery after a sluggish first half of the year, lifted by stronger domestic demand and a resurgent semiconductor industry, the finance ministry said Friday, while cautioning that major uncertainties still loom. In its monthly economic assessment, known as [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s drone exports have grown nearly tenfold over the past two years, yet the country remains a marginal player in the global market — a gap that analysts say requires urgent policy and industry action to close. According to a report released Friday by the Korea International Trade Association [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s National Pension Service (NPS) plans a sweeping overhaul of its emergency loan program for seniors, known as the Silver Loan, aiming to improve convenience and ensure that aid reaches those most in need. According to a briefing the NPS submitted to the National Assembly’s audit at the [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s venture investment market showed clear signs of recovery this year, with both venture investments and fund formation rising by double digits through the third quarter, government data showed Thursday. According to the Ministry of SMEs and Startups, total venture investment reached 9.8 trillion won (US$7.1 billion) between January [...]
SEOUL, Nov. 13 (Korea Bizwire) — German business weekly WirtschaftsWoche (WiWo) has spotlighted South Korea’s aggressive push to become a global leader in artificial intelligence (AI), describing the country as one of the world’s most attractive emerging markets for technology investors. In an article titled “Why South Korea Is Becoming Increasingly Attractive to Tech Investors [...]
SEOUL, Nov. 13 (Korea Bizwire) — Forecasts for Samsung Electronics and SK hynix are soaring at an unprecedented pace, with analysts projecting that the two chipmakers could generate nearly half of all corporate operating profits on South Korea’s benchmark Kospi index next year, fueled by the global boom in artificial intelligence. According to financial data provider [...]
SEOUL, Nov. 12 (Korea Bizwire) — A majority of South Korea’s publicly listed companies that hold treasury shares oppose a proposed amendment to the Commercial Act that would make share cancellations mandatory, according to a survey released Wednesday by the Korea Chamber of Commerce and Industry (KCCI). The proposal, now under discussion at the National Assembly, [...]