SEOUL, Oct. 6 (Korea Bizwire) — Shares of solar and wind power companies in South Korea have more than doubled thus far this year, the local bourse operator said. The Korea Exchange announced that on the basis of closing prices on Sept. 29, the share prices of the 11 companies recommended by more than three securities [...]
HONGSEONG, Oct. 5 (Korea Bizwire) — Illegal fishing by Chinese boats in South Korean waters has grown increasingly rampant, with reported cases more than doubling from 2017 to 2019, according to a lawmaker Monday. The number of cases of either arrest or expelling of Chinese fishing boats operating in South Korea’s western waters reached 6,543 [...]
SEOUL, Oct. 5 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, topped global electric vehicle (EV) battery sales from January to August, a local market research firm said Monday. LG Chem accounted for a 25 percent share of the global EV battery market, in which a total of 64.7 gigawatt-hours (GWh) of [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean carmakers are set to launch aggressive promotions to boost sales with new vehicles in the fourth quarter to offset weak sales in the previous three quarters amid the coronavirus outbreak, industry sources said Monday. The country’s five carmakers — Hyundai Motor Co., Kia Motors Corp., GM Korea [...]
SEOUL, Oct. 4 (Korea Bizwire) — South Korea will impose a fine on people who fail to wear face masks in public spaces and on transportation starting Nov. 13 to better combat the coronavirus pandemic, officials said Sunday. The general public will be required to wear masks on public transportation and at demonstrations as well [...]
SEOUL, Oct. 4 (Korea Bizwire) — Hyundai Motor Group emerged to become the world’s fourth-largest player in terms of global sales of electric vehicles (EVs) over the first seven months of 2020, data showed Sunday. South Korea’s top automotive group saw its combined sales of electric vehicles advance 25 percent on-year to reach 60,707 over [...]
SEOUL, Oct. 4 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, is expected to report mediocre third-quarter earnings in the face of memory price decline, analysts here said Sunday. SK hynix was projected to log 7.9 trillion won (US$6.7 billion) in sales in the July-September period, up 15.5 percent from a year [...]
SEOUL, Oct. 3 (Korea Bizwire) — South Korea’s chipmakers are expected to benefit from the United States’ export restrictions against China’s leading foundry firm, Semiconductor Manufacturing International Corporation (SMIC), analysts here said Saturday, as the ban could give them more opportunities to secure orders. The U.S. Commerce Department recently added SMIC to its blacklist, saying [...]
SEOUL, Oct. 3 (Korea Bizwire) — South Korean pharmaceutical companies have joined the global race to develop vaccines and treatments for the novel coronavirus, and several of them have received approval for clinical trials from the country’s drug safety agency. Among the front-runners is Celltrion Inc.’s antiviral antibody treatment candidate called CT-P59 that is currently [...]
SEOUL, Oct. 3 (Korea Bizwire) — The Air Force has launched a naming contest for the country’s next-generation fighter jet under development, officials said Friday. South Korea is building the first prototype jet for the KF-X project after its design was confirmed last year, according to the Defense Acquisition Program Administration. Through Oct. 30, South [...]