Latest news
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Exports of S. Korea's aircraft surpass $1 billion for first time in 2023
SEOUL -- Exports of South Korean aircraft soared 320.5 percent year-on-year to a record high of some $1 billion in 2023, state data showed. This marks the highest export figure since the development of the Buhwal, the first homemade aircraft crafted during the Korean War in 1953. According to data provided by the Korea International Trade Association (KITA) on February 10, South Korea's aircraft exports in 2023 totaled $1,010,000,000. Out of this sum, exports to Poland reached
February 10, 2024 -
70% of smartphone users used mobility service apps at least once: survey data
SEOUL -- A recent survey conducted by a smartphone app analyst firm unveiled that approximately 70% of South Korean smartphone users have utilized a mobility service app at least once. Mobility services, initially introduced in the country around a decade ago, are predominantly associated with taxi-hailing or ride-hailing services among South Korean individuals. One of South Korea's most renowned mobility service platforms is Kakao T, offering a comprehensive range of services
February 9, 2024 -
Ice and snow vehicle equipment become popular in S. Korea due to frequent snow
SEOUL -- As South Korea experiences colder temperatures and more frequent snowfall compared to previous years, data released by major ecommerce platforms indicates a surge in the popularity of ice and snow equipment for vehicles. December 2023 saw the country's largest snowfall on record, with a maximum accumulation of 12.2 centimeters (4.8 inches), followed by continued snowfall throughout January. While main streets in Seoul are typically cleared of snow promptly to prevent it
February 9, 2024 -
Boy band Enhypen to go on encore tour in US
SEOUL -- Boy band Enhypen will go on an encore tour in April and May in the United States. The seven-member band will interact with fans in five regions starting with Anaheim, California on April 24. This encore tour, titled "FATE PLUS," serves as an extension of the "FATE," a six-month world tour held in 13 cities including Los Angeles and Tokyo. According to Belift Lab, the band's agency, FATE PLUS will also take place in Oakland, Tacoma, Rosemont, and Be
February 8, 2024 -
Russian envoy commemorates naval battle of Russo-Japanese War
SEOUL -- Russian Ambassador to the Republic of Korea, Georgy Zinoviev, led a floral tribute commemorating the 120th anniversary of the Battle of Chemulpo that ended with the sinking of two Russian Navy warships near the western port city of Incheon in 1904. The tribute took place at St. Petersburg Square in Incheon's Chemulpo harbor. "This year marks the 120th anniversary of the heroic battle fought by the cruiser Varyag and the gunboat Koreets against the Imperial Japane
February 8, 2024 -
Coupang takes top spot in S. Korean customer satisfaction for online shopping
SEOUL -- Coupang, the South Korean counterpart of global retail giant Amazon, took the first spot in a domestic customer satisfaction index for online shopping, beating the country's online shopping giant Naver. The satisfaction index was determined by multiple categories, including service quality, consumer experience, and how well the experience met customers' expectations. A total of five online shopping mall operators were involved. According to a survey of 1,500 South
February 8, 2024 -
S. Korea secures $3.2 bln deal to provide anti-missile system to Saudi Arabia
SEOUL -- South Korea has secured an export deal worth $3.2 billion to supply a medium-range surface-to-air missile system to Saudi Arabia. The weapon called "Cheongung-II" features the function of intercepting aircraft and ballistic missiles at an altitude of about 15 kilometers (9.3 miles). The missile interceptor is South Korea's core air and missile defense system against North Korea's ballistic projectiles. The defense solution can continuously fire a maximu
February 7, 2024 -
LG Chem secures $18.8 bln deal to supply EV battery electrode material to General Motors
SEOUL -- South Korea's major chemical company LG Chem secured a nine-year deal worth 25 trillion won ($18.8 billion) to supply key materials for electric vehicle batteries to General Motors. The global automaker will receive more than 500,000 tons of cathode materials, enough for over five million electric vehicles with a range of 500 kilometers (310.7 miles) on a single charge. Along with anodes, cathodes are used to help the conduction of electricity through electrolyte mate
February 7, 2024 -
S. Korea smothers world with unique spicy 'K-sauce'
SEOUL -- "K-sauce," primarily renowned for traditional Korean condiments such as the spicy and sweet chili sauce "Gochujang," the spicy and salty bean paste "Ssamjang," and Korean sweet and a variety of spicy fried chicken sauces, is captivating food enthusiasts worldwide. This surge in interest can be attributed to the growing popularity of Korean cuisine, fueled by the global fascination with K-dramas and K-pop. According to customs data, South Kore
February 7, 2024 -
Pulmuone's plant-based protein snack 'Tofu Bar' garners explosive popularity in Japan
SEOUL -- South Korea's food company Pulmuone has recorded 2.16 billion yen ($14.6 million) in sales of plant-based protein snack "Tofu Bar" in Japan in 2023, marking a 241 percent increase from 2021. An average of 80,000 units of the high-protein food are sold daily at some 30,000 convenience stores in Japan including 7-Eleven and FamilyMart. The plant-based snack, which provides 10 grams (0.02 pounds) of protein per bar, was released in Japan in November 2020, throu
February 7, 2024
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Korean trade association opens office in Poland
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Indonesia applies to join CPTPP, aims for economic reform
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Seoul court rules Samsung C&T not liable for delayed damages to Elliott
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SK Ecoplant unit launches battery recycling plant in Netherlands
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Samsung Electronics struggles with labor union in India
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Japan's ruling party to select new leader amid political turmoil
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Muslim American group endorses Kamala Harris amid tensions over Middle East
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Western nations urge 21-day ceasefire in Lebanon amid rising tensions
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China's top leadership discusses economic strategy
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China's foreign minister engages with Russian and Ukrainian counterparts at UN