SEJONG, May 1 (Korea Bizwire) — The volume of South Korea’s energy imports inched up on-year in the first quarter of 2015, but its value dropped sharply due mainly to weak international crude oil prices, customs data showed Friday. According to the data by the Korea Customs Service (KCS), South Korea imported 78.24 million tons of [...]
SEOUL, March 4 (Korea Bizwire) — POSCO, South Korea’s largest steelmaker, said Wednesday that it has signed a tentative deal with a sovereign fund of Saudi Arabia to push for “comprehensive” cooperation that includes construction and automaking. The tie-up was promised under a memorandum of understanding signed by POSCO CEO Kwon Oh-joon and Abdulrahman Al [...]
SEOUL, South Korea, Sept 25 (Korea Bizwire) – A second achievement of the twinning project, a crucial institution building instrument used today by nations for capability transfer, between Korea and Saudi Arabia will materialize very soon. The Korean Ministry of Health and Welfare said on September 24 that the Gachon University Medical School and Saudi [...]