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Ko Dong-hwan

Korea Times Business Reporter

Covering the food & beverage industry, beauty, fashion, retail markets, the Ministry of Land, Infrastructure and Transport, the Ministry of Agriculture, Food and Rural Affairs and related people and entities worldwide

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Economy

Korea, Ecuador become strategic economic partners

Minister of Trade, Industry and Energy Bang Moon-kyu, right, poses with Ecuador's Production, Foreign Trade, Investments and Fisheries Minister Daniel Legarda Touma afer the two signed a strategic economic cooperation agreement (SECA) at Lotte Hotel Seoul, Wednesday. The Korean government's 23rd SECA came as bilateral trade last year stood at $980 million. The South American country possesses natural reserves of petroleum and rare earth minerals, and the SECA entitles the two countries to cooperate on extracting the natural resources and share them. Courtesy of Ministry of Trade, Industry and Energy

Oct 11, 2023By Ko Dong-hwan
Korea, Ecuador become strategic economic partners
Others

Korean delegation advances Busan's Expo bid to BIE members in Paris

A Korean delegation of business leaders, senior government officials and K-pop artists met with state representatives from around the world at a symposium promoting Busan's bid to host the World Expo 2030, according to the Korea Chamber of Commerce and Industry (KCCI), Tuesday.

Oct 10, 2023By Ko Dong-hwan
Korean delegation advances Busan's Expo bid to BIE members in Paris
Trends

Japanese consumer goods gain popularity despite Fukushima wastewater release

Son Byeong-wook, a 38-year-old resident of central Seoul, often looks for Asahi beer at his local convenience store whenever guests drop by his home. The Japanese beer has been his favorite brew and no one has scolded him so far for buying the popular brand.

Oct 8, 2023By Ko Dong-hwan
Japanese consumer goods gain popularity despite Fukushima wastewater release
Companies

Hyundai Motor chief helps Korean archers shine at Asian Games

Hyundai Motor Group Executive Chair Chung Euisun watched Korean archers win four gold, four silver and three bronze medals at the Asian Games, after supporting the athletes in the lead-up to and during the major event, according to the company, Sunday.

Oct 8, 2023By Ko Dong-hwan
Hyundai Motor chief helps Korean archers shine at Asian Games
Companies

Hankook Tire expands supplies for new Tesla, Porsche vehicles

Korean tire manufacturer Hankook Tire has begun supplying the world's top carmakers by providing parts for electric vehicles (EV), sports cars and German luxury models.

Oct 5, 2023By Ko Dong-hwan
Hankook Tire expands supplies for new Tesla, Porsche vehicles
Companies

GS Caltex, POSCO, H-Line Shipping team up to introduce ships powered by biofuel

Three companies involved in oil refining, steelmaking and shipbuilding have joined hands to introduce a fleet of ships running on marine biofuel to reduce carbon emissions.

Oct 5, 2023By Ko Dong-hwan
GS Caltex, POSCO, H-Line Shipping team up to introduce ships powered by biofuel
Economy

Industry minister meets KITA chairman

Minister of Trade, Industry and Energy Bang Moon-kyu, left, shakes hands with Korea International Trade Association Chairman Koo Ja-yeol at the association's headquarters in Seoul, Thursday. The two agreed that the government and member companies under the association should cooperate as "One Team Korea" to boost the country's exports. Courtesy of Minister of Trade, Industry and Energy

Oct 5, 2023By Ko Dong-hwan
Industry minister meets KITA chairman
Companies

'It's inevitable to raise electricity prices to reduce KEPCO's debt,' says CEO

The new head of the state-run utility company said Wednesday that a rate hike this year is inevitable as a necessary means to help resolve the state firm's debt, which has grown to 201 trillion won ($147 billion).

Oct 4, 2023By Ko Dong-hwan
'It's inevitable to raise electricity prices to reduce KEPCO's debt,' says CEO
Companies

NCSOFT seeks global user base for upcoming games

Korean online game developer NCSOFT is ramping up marketing to global users as the company has expanded its consumer targets from Asia to North America and Europe with its new key games set for release next year.

Oct 4, 2023By Ko Dong-hwan
NCSOFT seeks global user base for upcoming games
Economy

FDI pledges to Korea reach record-high of $24 billion through Q3

Korea has recorded its highest-ever foreign investment commitments during the first three quarters this year, with key contributions coming from sectors of service and manufacturing, government data showed Wednesday.

Oct 4, 2023By Ko Dong-hwan
FDI pledges to Korea reach record-high of $24 billion through Q3
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