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 [...]
SEOUL, Oct. 29 (Korea Bizwire) — Airlines of South Korea and European Union member states will be allowed to operate without restrictions on their nationality requirements starting next month under a new aviation accord, Seoul’s foreign ministry said Friday. South Korea and 22 EU member states signed a horizontal aviation agreement in June 2020, which [...]
SEOUL, Oct. 8 (Korea Bizwire) — The proposed acquisition involving South Korea’s leading shipbuilders has been deadlocked for more than a year, as the European Union antitrust regulator shows no signs of resuming its probe into the deal. In 2019, Hyundai Heavy Industries Holdings Co., the holding company of the global shipbuilding conglomerate Hyundai Heavy [...]
SEOUL, March 19 (Korea Bizwire) — South Korea’s outbound shipments of medical products to the European Union (EU) more than doubled on-year in 2020, data showed Friday, with Seoul seeking to further expand exchanges with the EU to cope with the coronavirus pandemic. Exports of pharmaceutical products and medical instruments came to US$4.67 billion in [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korean fashion firms based in Vietnam are expected to benefit from the free trade agreement (FTA) between the Southeast Asian country and the European Union, which went into effect this month, a report showed Tuesday. “Under the agreement, clothes producers based in Vietnam can enjoy the benefit of [...]