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Business

Sat, July 2, 2022 | 02:07

Hyundai Heavy to build six patrol vessels for Philippine Navy

Hyundai Heavy Industries (HHI) signed a contract with the Philippine Department of National Defense, Monday, to construct six 2,400-ton offshore patrol vessels (OPVs) worth $573 million.

Kim Hyun-bin | 2022-06-27 16:14

Nexon to release new MMORPG 'HIT 2' in summer

Domestic game company Nexon released a teaser video for “Hit 2” last month, and will start the full pre-registration process on June 30. The previous game, “Hit,” created a big sensation in the mobile market when it was released in 2015 and Nexon hopes “Hit 2” will also become a hit in the second half of this year.

Kim Hyun-bin | 2022-06-27 15:58

Booyoung supports veterans

Booyoung Group Chairman Shin Myung-ho, right, delivers a $100,000 donation to Kwon Oh-seong, president of the Army Association. Booyoung Group has been engaged in various social contribution activities, holding the Liberty Walk Seoul event, Saturday, at the War Memorial of Korea in Yongsan, along with the 6.25 Foundation and the Korea Army Association. At the event, Booyoung ...

Kim Hyun-bin | 2022-06-27 15:55

90% of Korean companies in China suffered from lockdowns in major cities

Nearly 90 percent of Korean companies operating in China have suffered from the latter's strict zero-COVID measures - including lockdowns of major cities, mandatory mass testing, transportation shutdowns and travel bans - from March to April, according to the Korea International Trade Association (KITA), Monday. The Shanghai branch of the KITA released a report after surveyin...

Kim Hyun-bin | 2022-06-27 15:55

SK Bioscience COVID-19 vaccine closer to final approval

SK Bioscience has moved one step closer toward rolling out Korea's first COVID-19 vaccine, as the government advisory panel of pharmaceutical experts determined that a license for the use of the vaccine can be granted, according to the Ministry of Food and Drug Safety (MFDS), Monday. “The COVID-19 vaccine developed by SK Bioscience is the first COVID-19 vaccine produced in Ko...

Baek Byung-yeul | 2022-06-27 15:32

4 out of 10 firms in Korea experience raw material price hikes higher than 20%

Four out of 10 companies in Korea saw their raw material prices jump 20 percent or more this year amid fast-rising oil and commodity costs, a central bank survey showed Monday.

2022-06-27 13:46

Seoul to host global startups in 'Try Everything 2022'

Startups around the world can dive into the ocean of broader resources, knowledge and business opportunities at Try Everything 2022, an annual conference hosted this September by the Seoul Metropolitan Government. Gettyimagesbank By Ko Dong-hwan ...

Ko Dong-hwan | 2022-06-27 10:54

Korea actively seeks nuclear power sales in Czech Republic, Poland

Korea has gone all-out to revive its nuclear power generation industry under the Yoon Suk-yeol administration as Lee Chang-yang, minister of Trade, Industry and Energy, will visit the Czech Republic and Poland from June 28 to July 1 in order to win new power plant contracts, the ministry said Sunday. The two European countries are undergoing a process to build new nuclear pow...

Baek Byung-yeul | 2022-06-26 16:48

Samsung offers mentoring, career program to young students

Samsung Electronics offered a rare opportunity for middle school students who are thinking about what to do in the future or how to design their career paths by having the tech company's employees listen to their worries and provided advice, according to the company, Sunday.

Baek Byung-yeul | 2022-06-26 16:32

Prime minister vows better foreign investment environment

Prime Minister Han Duck-soo promised German and French businesspeople in Korea that the Yoon Suk-yeol administration will improve the foreign investment environment significantly over the next five years, communicating closely with foreign entrepreneurs here in Korea in order to help solve operational difficulties that they face. He made the promise in his keynote speech deli...

Park Jae-hyuk | 2022-06-26 15:51

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