News

Haryana Minister urges Korean entrepreneurs to invest in Haryana  Haryana's Minister of Industry and Commerce and Foreign Cooperation Rao Narbir Singh asked the entrepreneurs of Korea to invest in Haryana. “The Haryana government will provide full support to the investors,” said the minister while addressing more than 70 delegates from Korea at the ‘Haryana-Korea Business Connect’ dinner program hosted by Korea Herald in Gurugram. He added that Haryana is adjacent to Delhi on three sides and the possibilities of progr...
Haryana Minister urges Korean entrepreneurs to invest in Haryana
Haryana Minister urges Korean entrepreneurs to invest in Haryana
Source: IANS
2024-11-22 06:11:35 pm
South Korean steelmakers call for thorough strategies for Donald Trump policy South Korean steelmakers on Friday called for establishing a joint consultative body with the government to devise strategies for expected policy changes by the Donald Trump administration, the industry ministry said.  Officials from major steelmakers, including POSCO and Hyundai Steel, made the call during a meeting with Industry Minister Ahn Duk-geun in Seoul, where they discussed potential impacts of new policy measures by the upcoming US government and their responses, according t...
South Korean steelmakers call for thorough strategies for Donald Trump policy
South Korean steelmakers call for thorough strategies for Donald Trump policy
Source: IANS
2024-11-22 11:54:15 am
South Korea has top rated 5G infrastructure among OECD nations South Korea has one of the best fifth-generation (5G) communications network infrastructures among the member states of the Organization for Economic Cooperation and Development (OECD), a report showed on Wednesday.  The country had the highest number of 5G base stations relative to its population, with 593 stations per 100,000 inhabitants, as of last year, followed by Lithuania and Finland, according to the latest OECD Digital Economy Outlook. The OECD average was at around 100 stati...
South Korea has top rated 5G infrastructure among OECD nations
South Korea has top rated 5G infrastructure among OECD nations
Source: IANS
2024-11-21 08:48:51 am
South Korea aims to develop 39 global chip industry standards by 2031 South Korea's standards agency said on Monday it plans to develop 39 new international standards in the semiconductor sector by 2031 to bolster its competitive edge in the field.  The road map was unveiled by the Korea Agency for Technology and Standards (KATS) during an industry forum, as part of a broader strategy aimed at gaining an early lead in the global semiconductor market. KATS outlined its objective to develop more than 15 new international standards in semiconductor ...
South Korea aims to develop 39 global chip industry standards by 2031
South Korea aims to develop 39 global chip industry standards by 2031
Source: IANS
2024-11-18 12:07:58 pm
Foreign currency deposits down for 1st time in 5 months in South Korea Foreign currency deposits fell for the first time in five months in October on sagging corporate demand for U.S. dollar-denominated deposits and increasing import settlements amid a weak Korean currency, central bank data showed on Sunday.  Residents' outstanding foreign currency-denominated deposits reached $98.97 billion as of end-October, down $5.1 billion from a month earlier, according to the data from the Bank of Korea (BOK). The figure had climbed from June through Septe...
Foreign currency deposits down for 1st time in 5 months in South Korea
Foreign currency deposits down for 1st time in 5 months in South Korea
Source: IANS
2024-11-17 10:38:32 am
Foreign ownership of South Korean stocks at yearly low Foreign ownership of South Korean shares fell to the lowest level of this year following Donald Trump's presidential reelection, data showed on Sunday.  Foreign holdings of Korean stocks on the main bourse KOSPI accounted for 32.3 per cent, or 637.48 trillion won ($456 billion), of the market capitalisation worth 1,973.51 trillion won as of Friday, according to the data compiled by the Korea Exchange. Foreign investors held 32.7 percent of KOSPI-listed stocks early this year bu...
Foreign ownership of South Korean stocks at yearly low
Foreign ownership of South Korean stocks at yearly low
Source: IANS
2024-11-17 10:26:36 am
South Korean President proposes forum for AI standards among APEC economies South Korean President Yoon Suk Yeol proposed establishing a forum among Asia-Pacific Economic Cooperation (APEC) members to set standards to promote the integration of Artificial intelligence (AI) and manufacturing industries.  Yoon stressed APEC's significant role in global manufacturing during the APEC CEO summit, a business forum held alongside the APEC summit in Lima, as he noted the world has ushered in an "era of grand AI transition" that affects corporate competi...
South Korean President proposes forum for AI standards among APEC economies
South Korean President proposes forum for AI standards among APEC economies
Source: IANS
2024-11-16 12:09:42 pm
Battery stocks plunge on possible scrapping of US tax credit  South Korean battery stocks plunged on Friday on reports that President-elect Donald Trump's transition team plans to scrap the $7,500 tax credit for EV purchases as part of broader tax legislation.  Trump campaigned on ending the consumer tax credit, a key part of President Joe Biden's Inflation Reduction Act (IRA). And the transition team said Trump would keep his pledges, according to earlier news reports. The news added to woes of local EV battery stocks already s...
Battery stocks plunge on possible scrapping of US tax credit
Battery stocks plunge on possible scrapping of US tax credit
Source: IANS
2024-11-16 09:26:43 am
South Korean banks` loan delinquency ratio falls in September South Korean banks' loan delinquency ratio fell in three months due to more bad loan settlements than new delinquent loans, financial watchdog data showed on Friday.  Bank loans, overdue at least one month, accounted for 0.45 per cent of the total at the end of September, down 0.08 percentage points from a month earlier, according to the Financial Supervisory Service (FSS), Xinhua news agency reported. The bad loan ratio shifted downward after advancing 0.05 percentage points i...
South Korean banks` loan delinquency ratio falls in September
South Korean banks` loan delinquency ratio falls in September
Source: IANS
2024-11-15 04:56:41 pm
South Korean trade minister discusses supply chain at APEC CEO summit Trade Minister Cheong In-kyo attended an economic event for business executives at the Asia-Pacific Economic Cooperation (APEC) summit in Peru, where he exchanged views on the global supply chain with other participants, his office said on Friday.  Cheong also highlighted that his country sought to gain insights from Peru about preparing for the annual summit of 21 global leaders as Seoul is set to host the 2025 APEC summit in Gyeongju, 275 kilometers southeast of Seoul, reports Yonha...
South Korean trade minister discusses supply chain at APEC CEO summit
South Korean trade minister discusses supply chain at APEC CEO summit
Source: IANS
2024-11-15 10:13:40 am
Auto exports set fresh high in South Korea on hybrid models South Korea's car exports rose 5.5 per cent on-year in October to reach a new record, data showed on Thursday, driven by the global popularity of eco-friendly models, including hybrid vehicles.  The combined value of vehicle shipments reached $6.2 billion last month, marking the highest amount for any October, according to data compiled by the Ministry of Trade, Industry and Energy, reports Yonhap news agency. The number of cars shipped totalled 243,367, up 8.1 per cent from a ...
Auto exports set fresh high in South Korea on hybrid models
Auto exports set fresh high in South Korea on hybrid models
Source: IANS
2024-11-14 09:49:43 am
Chinese EV giant BYD enters South Korean passenger car market Chinese electric vehicle (EV) giant BYD on Wednesday officially announced its plan to enter South Korea's passenger car market.  BYD Korea, the company's South Korean sales subsidiary, said in a statement that it has "completed review to release passenger car brands in the domestic market" and officially confirmed its entry with a target date, likely early next year, to be set in the near future. BYD Korea said it is currently working on establishing regional sale...
Chinese EV giant BYD enters South Korean passenger car market
Chinese EV giant BYD enters South Korean passenger car market
Source: IANS
2024-11-13 11:04:58 am
Details of Donald Trump`s trade policy still difficult to predict: South Korea South Korea plans to strengthen inter-ministerial coordination to address uncertainties surrounding trade policies under the incoming US Donald Trump administration, the trade minister said on Monday.  Trade Minister Cheong In-kyo made the remarks during a meeting with trade-related ministries to discuss strategies for addressing potential changes in US trade policies, according to the Ministry of Trade, Industry and Energy, reports Yonhap news agency. "While details of new po...
Details of Donald Trump`s trade policy still difficult to predict: South Korea
Details of Donald Trump`s trade policy still difficult to predict: South Korea
Source: IANS
2024-11-11 10:06:56 am
South Korea prepares for trade impacts during second Donald Trump administration President Yoon Suk Yeol on Sunday called for the launch of finance, trade and industry consultative bodies to brace for the potential impacts of former US President Donald Trump's return to the presidency.  Yoon made the call during an economic and security meeting with ministers and senior aides to discuss preparations before Trump assumes office in late January. "International markets have already begun responding based on anticipated policy directions even before the ne...
South Korea prepares for trade impacts during second Donald Trump administration
South Korea prepares for trade impacts during second Donald Trump administration
Source: IANS
2024-11-10 03:10:51 pm
Diesel vehicle imports more than halved to lowest in 20 years in South Korea The number of diesel cars imported to South Korea has plunged by more than 60 per cent so far this year, with their market share dipping to the lowest in 20 years, data showed on Sunday.  In the January-October period, the number of diesel vehicle imports came to 6,740, down 65.1 per cent from the same period last year, according to the data from the Korea Automobile Importers & Distributors Association (KAIDA). In October alone, the number plummeted 58.7 per cent on-year t...
Diesel vehicle imports more than halved to lowest in 20 years in South Korea
Diesel vehicle imports more than halved to lowest in 20 years in South Korea
Source: IANS
2024-11-10 10:34:35 am
South Korea seeks close communication with Donald Trump for deeper economic ties Foreign Minister Cho Tae-yul said on Thursday that the government will make efforts to closely communicate with people close to US President-elect Donald Trump to further deepen ties with Washington.  Cho made the remarks after the Republican candidate and former U.S. president won the election, a victory that raises expectations in Seoul of major policy shifts from the Joe Biden administration in a way that could shake up the bilateral alliance with Washington. "We plan to re...
South Korea seeks close communication with Donald Trump for deeper economic ties
South Korea seeks close communication with Donald Trump for deeper economic ties
Source: IANS
2024-11-07 03:39:11 pm
South Korea to foster radiopharmaceuticals industry for exports by 2035: Science Ministry South Korea aims to fully self-supply radioactive isotopes by 2030 as part of efforts to foster the local radiobiology industry and begin exporting radiopharmaceuticals by 2035, the science ministry said on Thursday.  "We have devised a strategy to spearhead into the global radiopharmaceuticals market by improving domestic production capabilities of radioactive isotopes and securing infrastructure for new drug development," First Vice Science Minister Lee Chang-yune said, Yo...
South Korea to foster radiopharmaceuticals industry for exports by 2035: Science Ministry
South Korea to foster radiopharmaceuticals industry for exports by 2035: Science Ministry
Source: IANS
2024-11-07 10:23:29 am
South Korean won tumbles after Donald Trump wins US election The South Korean currency fell sharply against the US dollar during intra-day trading on Wednesday after Donald Trump won the US presidential election.  The South Korean won was trading at 1,400.5 won to the dollar as of 8:20 p.m., marking the first time to surpass the 1,400 won threshold since April 16. The won opened at 1,374 won at 9 a.m., up 4.6 won from the previous session. But the won-dollar rate reversed course in the morning, with the U.S. dollar strengthening on news that...
South Korean won tumbles after Donald Trump wins US election
South Korean won tumbles after Donald Trump wins US election
Source: IANS
2024-11-06 06:08:09 pm
South Korean biz community hopes for stronger Korea-US cooperation  South Korea's major business organisations on Wednesday joined in congratulating Donald Trump on his victory in the US presidential election, urging him to strengthen Seoul-Washington cooperation.  The Korean Chamber of Commerce and Industry (KCCI) congratulated Trump on his election victory, emphasizing that the Korea-U.S. trade and economic partnership is anchored in a strong security alliance. The KCCI expressed hope for continued bilateral relations under the incoming...
South Korean biz community hopes for stronger Korea-US cooperation
South Korean biz community hopes for stronger Korea-US cooperation
Source: IANS
2024-11-06 05:30:40 pm
Hydrogen demand in mobility sector up 59 pc in South Korea South Korea's demand for hydrogen in the mobility sector jumped 59 per cent through September from a year earlier, data showed on Wednesday.  The combined consumption of hydrogen in the sector reached 6,389 tons over the January-September period, rising sharply from 4,016 tons recorded a year earlier, according to the Ministry of Trade, Industry and Energy. "Amid the rising number of hydrogen buses in the country, opportunities for people to experience hydrogen products in...
Hydrogen demand in mobility sector up 59 pc in South Korea
Hydrogen demand in mobility sector up 59 pc in South Korea
Source: IANS
2024-11-06 12:09:57 pm
South Korea`s foreign reserves fall to $415.6 billion in Oct South Korea's foreign reserves fell in October, snapping three consecutive months of rise due to the decreased value of non-US dollar assets amid a strong US dollar and decreased deposits, central bank data showed on Tuesday.  The country's foreign reserves came to $415.69 billion as of end-October, down $4.28 billion from a month earlier, according to the data from the Bank of Korea (BOK). The central bank attributed the fall to a decline in the converted value of non-doll...
South Korea`s foreign reserves fall to $415.6 billion in Oct
South Korea`s foreign reserves fall to $415.6 billion in Oct
Source: IANS
2024-11-05 09:45:38 am
Consumer inflation in South Korea down to lowest level in 4 years South Korea's consumer prices slowed to the lowest level in 45 months in October on stabilising oil prices, staying below 2 per cent for the second consecutive month, data showed on Tuesday.  Consumer prices, a key gauge of inflation, rose 1.3 per cent on-year last month, compared with a 1.6 per cent on-year increase in September, according to the data from Statistics Korea. October's figure marked the lowest level since January 2021, when consumer prices grew 0.9 per cent,...
Consumer inflation in South Korea down to lowest level in 4 years
Consumer inflation in South Korea down to lowest level in 4 years
Source: IANS
2024-11-05 09:42:52 am
Sharp rise in household credit, driven by savings banks and credit unions  South Korea's household credit increased at a faster rate in October due to rising loans from savings banks and credit unions despite the government's efforts to curb household debts, financial data showed on Sunday.  Outstanding household credit extended by all financial institutions, including commercial banks, savings banks, and insurance and securities firms, rose by 6 trillion won ($4.35 billion) from a month earlier in October, accelerating from a 5.2 trillion-won ...
Sharp rise in household credit, driven by savings banks and credit unions
Sharp rise in household credit, driven by savings banks and credit unions
Source: IANS
2024-11-04 09:21:57 am
South Korean defence firms report strong Q3 earnings South Korea's major defence firms have posted robust revenues and profits for the third quarter, led by massive arms export deals, industry data showed on Sunday.  The combined operating profits of four major South Korean defence firms -- Hanwha Aerospace Co., Korea Aerospace Industries (KAI), Hyundai Rotem Co. and LIG Nex1 Co. -- were estimated at 753.8 billion won ($546 million) for the July-September period, according to the data from regulatory filings and financial reports. ...
South Korean defence firms report strong Q3 earnings
South Korean defence firms report strong Q3 earnings
Source: IANS
2024-11-03 10:55:40 am
South Korea uncertain whether rebound in neutral interest rate will continue  The neutral interest rate in South Korea is estimated at between -0.2 per cent and 1.3 percent in the first quarter of the year, a report from the Bank of Korea (BOK) said on Sunday.  The report said the country's neutral interest rate has been on the decline since 2000 but rebounded slightly after the coronavirus pandemic. More specifically, the neutral interest rate in Asia's fourth-largest economy was estimated at between 1.4 per cent and 3.1 per cent in the first ...
South Korea uncertain whether rebound in neutral interest rate will continue
South Korea uncertain whether rebound in neutral interest rate will continue
Source: IANS
2024-11-03 10:24:50 am
Online shopping up in South Korea in Sept over strong food delivery demand Online shopping sales in South Korea grew 2 per cent on-year in September, driven by increased demand for food delivery services and mobile devices, the statistics agency said Friday.  According to data from Statistics Korea, the combined value of online shopping transactions came to 19.56 trillion won ($14.21 billion) in September, compared with 19.18 trillion won tallied a year earlier, Yonhap news agency reported. Spending on food and beverages surged 10.5 per cent on-year to re...
Online shopping up in South Korea in Sept over strong food delivery demand
Online shopping up in South Korea in Sept over strong food delivery demand
Source: IANS
2024-11-01 09:59:55 am
Industrial output in S. Korea fell in September over weak chip production South Korea's industrial output fell from a month earlier in September on dwindling production in the semiconductor and other manufacturing sectors, data showed on Thursday.  According to the data compiled by Statistics Korea, retail sales, a gauge of private spending, also went down amid signs of weaker economic growth, while facility investment rebounded on-month, Yonhap news agency said. Industrial production fell 0.3 per cent on-month, following a 1.3 per cent increase in A...
Industrial output in S. Korea fell in September over weak chip production
Industrial output in S. Korea fell in September over weak chip production
Source: IANS
2024-10-31 10:48:34 am
New car sales dips to 11-year low in South Korea New automobile sales during the first nine months of the year fell over 8 per cent from a year earlier amid high borrowing costs and a slowdown in global electric vehicle demand, industry data showed on Wednesday.  According to the data from the Korea Automobile and Mobility Association (KAMA), registrations of new cars during the January-September period totalled 1,209,154 units, down 8.7 per cent from a year ago. It marked the lowest recording for the nine-month period since the ...
New car sales dips to 11-year low in South Korea
New car sales dips to 11-year low in South Korea
Source: IANS
2024-10-30 09:40:57 am
South Korea seeks close supply chain ties with US regardless of election outcome South Korea will continue to pursue close supply chain cooperation with the United States regardless of the outcome of the upcoming US presidential election, the trade minister said on Tuesday.  Trade Minister Cheong In-kyo made the statement during a meeting with experts to prepare for the outcome of the US election, slated for November 5 (US time), according to the Ministry of Trade, Industry and Energy. "Regardless of the election outcome, South Korea will work to strengthe...
South Korea seeks close supply chain ties with US regardless of election outcome
South Korea seeks close supply chain ties with US regardless of election outcome
Source: IANS
2024-10-29 10:13:23 am
South Korean drugmaker Celltrion to buy back its shares for 4th time in 2024 South Korean biopharmaceutical firm Celltrion on Friday said it will spend around 100 billion won ($72.3 million) to buy back its shares for the fourth time this year in a bid to increase its shareholders' value.  According to the company, the buyback of a total of 537,924 shares will begin next week, Yonhap news agency reported. It will mark the fourth share buyback by Celltrion this year, following such moves in March, April, and June. The combined worth of the company'...
South Korean drugmaker Celltrion to buy back its shares for 4th time in 2024
South Korean drugmaker Celltrion to buy back its shares for 4th time in 2024
Source: IANS
2024-10-25 02:20:56 pm
South Korea`s economy grows weaker than expected at 0.1 pc in Q3  South Korea's economy grew at a slower-than-expected rate in the third quarter of the year amid softening export growth, central bank data showed on Thursday, upping the possibility that the Bank of Korea may conduct another rate cut earlier than expected after its first rate reduction in over three years this month.  The country's real gross domestic product -- a key measure of economic growth -- gained 0.1 percent on-quarter in the July-September period, according to p...
South Korea`s economy grows weaker than expected at 0.1 pc in Q3
South Korea`s economy grows weaker than expected at 0.1 pc in Q3
Source: IANS
2024-10-24 09:32:26 am
South Korea's Finance Minister assumes chairmanship of next year's APEC meeting South Korean Finance Minister Choi Sang-mok has assumed the chairmanship of the Asia-Pacific Economic Cooperation (APEC) Finance Ministers' Meeting for next year as the country will host the upcoming session for the first time in 20 years, his office said on Tuesday.  Choi officially assumed the chairmanship Monday as Choi attended the latest APEC meeting held in Lima, Peru, where participants also discussed regional and global economic situations, sustainable finance and digital ...
South Korea's Finance Minister assumes chairmanship of next year's APEC meeting
South Korea's Finance Minister assumes chairmanship of next year's APEC meeting
Source: IANS
2024-10-22 12:54:57 pm
Pilot hiring up 8 pc by air carriers in South Korea amid strong travel demand  The number of pilots newly hired by South Korean air carriers rose 8 per cent (year-on-year) through August, data showed on Sunday, driven by post-pandemic travel demand.  The 11 air carriers hired 537 new pilots over the January-August period, compared with 498 in the same period a year earlier, according to Rep. Lee Yeon-hee of the main opposition Democratic Party, who cited data from the transport ministry. The figure marks a significant increase from the annual average of...
Pilot hiring up 8 pc by air carriers in South Korea amid strong travel demand
Pilot hiring up 8 pc by air carriers in South Korea amid strong travel demand
Source: IANS
2024-10-20 11:47:28 am
South Korea to expand private-led cloud industry in AI era South Korea will expand its private-led cloud computing industry to strengthen its competitiveness in the global artificial intelligence (AI) era, the science ministry said on Friday.  The Ministry of Science and ICT announced the vision to boost local cloud companies by forming strategic partnerships with global entities, aiming to double the domestic cloud market's size to 10 trillion won (US$7.3 billion) by 2027 from 2022. South Korea's cloud technology is more than a ye...
South Korea to expand private-led cloud industry in AI era
South Korea to expand private-led cloud industry in AI era
Source: IANS
2024-10-19 09:11:23 am
South Korea to extend financial support worth $6.4 billion for chip industry by 2025  The government will provide low-interest loans and other support worth 8.8 trillion won ($6.45 billion) for the semiconductor industry by next year in an effort to strengthen the competitiveness of the advanced sector, the finance ministry said on Wednesday.  It is part of execution plans for the comprehensive support package worth 26 trillion won announced by President Yoon Suk Yeol in June for the country's key industry amid intensifying global competition, reports Yonhap ...
South Korea to extend financial support worth $6.4 billion for chip industry by 2025
South Korea to extend financial support worth $6.4 billion for chip industry by 2025
Source: IANS
2024-10-16 09:53:07 am
Starlink services may be available in South Korea next year  US space firm SpaceX may launch its Starlink satellite internet services in South Korea next year, industry sources said on Tuesday.  According to the sources, the science ministry had notified the revisions of related regulations for Starlink's internet services. After a six-month period, the science ministry will launch the process for the approval of a deal between SpaceX and its Korean unit, Starlink Korea, reports Yonhap news agency. The sources said once all requ...
Starlink services may be available in South Korea next year
Starlink services may be available in South Korea next year
Source: IANS
2024-10-15 05:38:56 pm
South Korea cuts key rate in over 3 years amid moderating inflation South Korea's central bank on Friday cut its key benchmark interest rate, its first pivot in its years-long monetary tightening mode, as inflation continued to moderate and the property market showed signs of cooling.  As widely expected, the Bank of Korea slashed its key rate by 25 basis points to 3.25 per cent, the first reduction since August 2021, when Asia's fourth-largest economy began to emerge from the coronavirus pandemic-caused slump. Many experts had noted that t...
South Korea cuts key rate in over 3 years amid moderating inflation
South Korea cuts key rate in over 3 years amid moderating inflation
Source: IANS
2024-10-11 10:02:31 am
Unified, nuclear-free Korean Peninsula would benefit Indo-Pacific: South Korean President  President Yoon Suk Yeol said on Wednesday that a unified, nuclear-free Korean Peninsula would contribute to peace and stability in the Indo-Pacific region and unlock new opportunities across a large, interconnected market.   Yoon introduced his vision for unification with North Korea based on liberal democracy during a special lecture in Singapore to drum up international support for his so-called Unification Doctrine, first unveiled in August, Yonhap news agency reported. ...
Unified, nuclear-free Korean Peninsula would benefit Indo-Pacific: South Korean President
Unified, nuclear-free Korean Peninsula would benefit Indo-Pacific: South Korean President
Source: IANS
2024-10-09 12:47:09 pm
India, South Korea bonds to join FTSE Russell government indexes in 2025 Global index provider FTSE Russell said on Tuesday it would include India's sovereign bonds in its Emerging Markets Government Bond Index (EMGBI) from September 2025, after index inclusion by JP Morgan and Bloomberg Index Services, potentially drawing billions of dollars into local bonds. The London-based index provider also added South Korean government bonds to the FTSE World Government Bond Index (WGBI) after two years on its watch list. South Korean government bonds would repres...
India, South Korea bonds to join FTSE Russell government indexes in 2025
India, South Korea bonds to join FTSE Russell government indexes in 2025
Source: Reuters
2024-10-09 09:42:45 am
Over 60 pc of South Korea`s automotive exports shipped to North America Over 60 per cent of South Korea's automotive exports throughout most of 2024 have been shipped to North America, industry data showed on Sunday, raising calls for companies to consider more balanced global export strategies.  According to industry data, exports of the five automotive firms with manufacturing bases in South Korea -- Hyundai Motor, Kia, GM Korea, KG Mobility and Renault Korea Motors -- totalled 1,857,111 units during the January-August period, reports Yonhap news ag...
Over 60 pc of South Korea`s automotive exports shipped to North America
Over 60 pc of South Korea`s automotive exports shipped to North America
Source: IANS
2024-10-06 10:35:04 am
Daily stock trading volume dips to lowest in September in South Korea The daily stock trading volume fell to the lowest of the year last month in South Korea as worsening market conditions spooked investors, data showed on Saturday.  The average daily trading volume of listed shares came to 16.67 trillion won ($12.36 billion) in September, the lowest since the start of the year, according to the data from the Korea Exchange, operator of South Korea's main bourse. The reading also marks an 8 per cent decline from 18.2 trillion won the previous mon...
Daily stock trading volume dips to lowest in September in South Korea
Daily stock trading volume dips to lowest in September in South Korea
Source: IANS
2024-10-05 09:54:03 am
Deepfakes: South Korea says `significant progress` in talks with Telegram The South Korean state telecommunications watchdog on Sunday noted "significant progress" in its recent talks with Telegram over the handling of deepfake content on the encrypted messaging app.  The Korea Communications Standards Commission (KCSC) added that its chairman, Ryu Hee-lim, is scheduled to announce the results of those talks with Telegram on Monday, reports Yonhap news agency. "We met with Telegram's top security officer and others in a third country o...
Deepfakes: South Korea says `significant progress` in talks with Telegram
Deepfakes: South Korea says `significant progress` in talks with Telegram
Source: IANS
2024-09-30 08:47:12 am
South Korea, Britain launch new dialogue platform for economic ties South Korea and Britain have launched a new high-level dialogue channel meant to discuss ways of stronger cooperation on a wide range of economic and financial issues, finance ministry said on Sunday.  The inaugural meeting of the bilateral economic and financial dialogue took place in London on Thursday, according to the Ministry of Economy and Finance, adding South Korean Deputy Finance Minister Choi Ji-young and Lindsey Whyte, the director general of Britain's HM Treasury, were...
South Korea, Britain launch new dialogue platform for economic ties
South Korea, Britain launch new dialogue platform for economic ties
Source: IANS
2024-09-29 09:34:01 am
South Korea aims to prevent illegal trading via stock short selling The government will publish detailed guidelines on stock short selling this week to help prevent people unintentionally engaging in illegal trading, the financial regulator said on Wednesday.  The guidelines will be made public on Thursday, while an English-version of the how-to instructions will be available from next month, according to the Financial Supervisory Service (FSS). "There has been a need to remove uncertainties over how the financial authorities interpret and app...
South Korea aims to prevent illegal trading via stock short selling
South Korea aims to prevent illegal trading via stock short selling
Source: IANS
2024-09-25 10:09:09 am
South Korean, US space agencies join hands on research cooperation The Korea Aerospace Administration (KASA) said on Sunday it has signed a joint statement with the U.S. National Aeronautics and Space Administration (NASA) for cooperation in various areas involving space and aerospace research.  The statement was signed at the NASA headquarters in Washington, DC, on the occasion of talks held between KASA chief Yoon Young-bin and NASA Administrator Bill Nelson in the US capital. The two sides discussed cooperation across various areas of space and...
South Korean, US space agencies join hands on research cooperation
South Korean, US space agencies join hands on research cooperation
Source: IANS
2024-09-22 05:59:41 pm
India, South Korea share bill of lading electronically to promote ease of doing business: DGFT Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi has said that India and South Korea have started sharing the bill of lading in an electronic transfer mode between the customs of both sides, a move that will help promote ease of doing business. A bill of lading is a legal document that serves as a receipt, contract, and proof of ownership for shipped goods. He said as and when the system becomes a norm for all the countries, there will be no requirement for physical submission o...
India, South Korea share bill of lading electronically to promote ease of doing business: DGFT
India, South Korea share bill of lading electronically to promote ease of doing business: DGFT
Source: Accord Fintech
2024-09-20 11:17:39 am
Rajasthan CM meets South Korean investors, says government aspires to build long-term partnership Leading a high-level delegation, CM Sharma is in Seoul for his first international investors' meet ahead of the upcoming 'Rising Rajasthan Global Investment Summit', scheduled to be held in December. He told investors on Monday that "the state is constantly improving processes and policies to provide 'ease of doing business' in the state". Exhorting the startups, innovators and members from South Korea's top business groups, to do business in the state,...
Rajasthan CM meets South Korean investors, says government aspires to build long-term partnership
Rajasthan CM meets South Korean investors, says government aspires to build long-term partnership
Source: IANS
2024-09-10 10:41:11 am
South Korea to strengthen space exploration capabilities to compete in global space race The Korea AeroSpace Administration (KASA) unveiled an ambitious vision on Thursday to develop a competitive space transportation system and a forward-looking exploration strategy, aiming to join the elite ranks in the global space race.   Yoon Young-bin, head of South Korea's National Space Agency, emphasised the goal of creating a space economy by building a cost-effective transportation system by the 2030s, Yonhap news agency reported. He said KASA will build a "space p...
South Korea to strengthen space exploration capabilities to compete in global space race
South Korea to strengthen space exploration capabilities to compete in global space race
Source: IANS
2024-09-05 12:54:30 pm