SEOUL, Mar. 27 (Korea Bizwire) — South Korea and the European Union (EU) have agreed to conduct joint research projects on advanced semiconductor and next-generation communications network technologies in the next three years, Seoul’s science ministry said Wednesday. Under the agreement, South Korea and the EU will jointly invest 12 million euros (US$12.98 million) on [...]
SEOUL, Mar. 27 (Korea Bizwire) – As the European Union expands its environmental, social, and governance (ESG) regulations on exports, South Korean companies appear to be lagging in their awareness and preparedness, according to a recent survey conducted by the Korea Chamber of Commerce and Industry (KCCI). The survey, conducted with 205 domestic exporting firms, revealed [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korea and the European Union have begun the second round of talks on a bilateral digital trade agreement in an effort to seek broader partnership in the digital domain, Seoul’s industry ministry said Wednesday. The negotiation kicked off in Seoul on Tuesday for a three-day run, following the [...]
SEOUL, June 20 (Korea Bizwire) — South Korean steelmakers asked the government Tuesday to persuade the European Union to allow domestic carbon emission calculation methods for a longer period of time ahead of the full implementation of its new carbon border tax. The EU announced the new carbon-pricing system of the Carbon Border Adjustment Mechanism [...]
SEOUL, March 20 (Korea Bizwire) – Following the European Union’s release of the draft of the Critical Raw Materials Act last week, South Korean industries are busy exploring any possible ripple effects. The Critical Raw Materials Act calls for not more than 65 percent of the EU’s annual consumption of each strategic raw material from [...]
Roseau, June 30 (Korea Bizwire) — The Financial Secretary of the Commonwealth of Dominica had a discussion with the European Union (EU) dignitaries in Brussels, Belgium, on 23 June 23, to discuss Dominica’s journey to becoming the world’s first climate-resilient nation. Denise Edwards represented the country during the discussions with the European Member of Parliament [...]
SEOUL, May 27 (Korea Bizwire) — South Korea’s Trade Minister Ahn Duk-geun on Friday asked for the European Union to review its directive on single-use plastics, saying the rule has even regulated eco-friendly items and limited Korean firms’ market access. Ahn made the request during a meeting with EU Ambassador to South Korea Maria Castillo-Fernandez [...]
SEOUL, Jan. 13 (Korea Bizwire) — The European Union antitrust regulator on Thursday vetoed Hyundai Heavy Industries Group’s proposed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering Co., citing monopoly issues. The European Commission announced its decision to block the merger of the South Korean shipbuilders, arguing the tie-up could create a monopoly [...]
SEOUL, Jan. 6 (Korea Bizwire) — A South Korean research lab said Thursday that it has successfully developed the world’s first intercontinental 5G-satellite network system to help communicate in case of a disaster. The 5G-satellite multiple network system — co-developed with the European Union — connects 5G networks to satellite networks to allow communication services [...]
ROME, Nov. 26 (Korea Bizwire) — Pomilio Blumm has won a tender issued by the European Commission for €200 million over four years. The agency will be responsible for the design and implementation of multilingual communication campaigns in all EU Member States. The focus of the campaigns will be on the policies, programmes and activities [...]