S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA
South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products...
Academics say no scientific proof for LK-99 as superconductor
South Korean academics have concluded the material, dubbed “LK-99,” lacks scientific proof to be recognized as a room-temperature and am...
Lotte Fine to invest $99 mn to up green materials sales by 6 times
Lotte Fine Chemical Co., South Korea’s largest ammonia producer, will spend a total of 129 billion won ($99 million) in an aim to become the w...
KIC heavily relies on foreigners for alternative investments
Korea Investment Corporation (KIC) entrusted most of its money for investments in alternative assets such as real estate and private equity to forei...
S.Korean academics to verify truth of room-temperature superconductor
The Korean Society of Superconductivity and Cryogenics has recently established a verification committee composed of experts in response to the ongo...
NPS lags global peers in 2013-2022 investment returns
South Korea's National Pension Service (NPS), the world's third-largest pension fund, has underperformed its global peers over the past decade in te...
Dubai sovereign fund in talks with Global Sae-A to sell Ssangyong E&C
Dubai’s sovereign wealth fund is discussing the sale of Ssangyong Engineering & Construction Co. to a South Korean textile business group....
Cryptocurrency Luna plunges 99% after linked stablecoin loses peg
The value of Luna, the cryptocurrency linked to stablecoin TerraUSD, now hovers just above $0. Just a week ago, its market capitalization was around...
S-Oil logs record earnings in Q1 on high crude, margins
S-Oil Corp., Saudi Aramco’s refining unit in South Korea, enjoyed record earnings in the first quarter on healthy crude prices and refining ma...
RECON Labs to drive AR commerce by cutting content creation costs by up to 99%
Does the adoption of augmented reality (AR) technology in e-commerce platforms drive sales? The answer is yes, as the purchase conversion rate for p...
Hanwha to buy controlling stake in Korean satellite maker
Hanwha Aerospace Co., an aircraft engine components maker, will acquire a 30% stake in a South Korean Earth observation satellite maker for 109 bill...
Korea Investment to buy 99-yr ownership of Brussels building
Korea Investment Management Co. will acquire a 99-year ownership of an office building in Brussels for 146 million euros ($165 million) in its second ...
Korea Investment buys 99-yr leasehold of Brussels buildings for $454 mn
Korea Investment Management Co. has obtained a 99-year leasehold for €370 million ($454 million) of two buildings in Brussels used as the headquarte...
