Used SUVs pricier than new ones? Yes, in South Korea thanks to Russia
Prices of certain used sport utility vehicles in South Korea are defying the broader economic slowdown, with used models like Hyundai Motor Co.'s Pa...
Diary of a Dead North Korean Soldier Reveals Grisly Battlefield Tactics
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North Korea Sent a Mystery Man to Lead Its Troops Fighting Ukraine
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South Korean drone startups rush to join military drone race
South Korean drone-developing startups are rushing to join the race to develop military drones to meet growing demand for drones fit for combat oper...
Hyundai Steel to resume steel production in Russia
South Korea’s Hyundai Steel Co. is expected to resume steel production in Russia two years after it took its plant offline in the country amid...
North Korea’s missiles tested on the battlefields of Ukraine
SEOUL—One of the world’s biggest illicit-arms suppliers just got a major advertisement.In recent weeks, Russian forces have fired...
Hyundai Elevator, ERBUD forge partnership for Ukraine's rebuilding efforts
South Korea's Hyundai Elevator Co. signed a memorandum of understanding (MOU) with ERBUD, a leading Polish construction company, on November 28, in ...
POSCO Int'l to build facility for modular in Ukraine
South Korea's POSCO International Corp. announced on Wednesday it plans to build a facility for modular in Ukraine. The company's Vice Chairman...
Hyundai E&C seeks expansion to Poland, Ukraine
South Korea's Hyundai Engineering & Construction (E&C) will open a branch in Warsaw, Poland, to join a project to build small modular reacto...
Hyundai Motor set to exit Russia with St. Petersburg plant sale to AGR
South Korea’s top automaker Hyundai Motor Co. is reportedly exiting Russia by selling its car manufacturing plant in St. Petersburg to AGR Aut...
North Korea’s Kim Jong Un Expected to Meet Putin in Russia
WASHINGTON—North Korean leader Kim Jong Un is expected to travel to Russia soon to meet with President Vladimir Putin, U.S. officials said Mon...
HD Hyundai XiteSolution to surpport Ukraine's reconstruction
HD Hyundai Co. announced on Thursday that Dmytro Ponomarenko, the Ukrainian Ambassador to South Korea, and his delegation visited the Pangyo HD Hyun...
Hyundai E&C joins project for Ukraine's post-war reconstruction
South Korea’s Hyundai Engineering & Construction (E&C) has joined a post-war reconstruction project in Ukraine to expand the nation&rs...
Korean-style smart city to be introduced in Ukraine's Uman
The South Korean government has decided to support the development of a smart city in Uman located in central Ukraine. The Ministry of Land, Infrast...
HD Hyundai to participate in Ukraine reconstruction project
South Korea's HD Hyundai Construction Equipment Co., the industrial affiliate of HD Hyundai Co., said on Thursday that it held discussions with Ukra...
S.Korea to send $130 mn in aid for Ukraine’s reconstruction
South Korea will aid the reconstruction of Ukraine, which is at war with Russia, through loans worth $130 million from the Economic Development Coop...
KAI, bastion of South Korea’s fast-growing defense industry
SACHEON, South Gyeongsang Province – On a hot spring day in April, the roar of combat aircraft engines fills the air. It’s a normal day ...
Ukraine War Drives Rapid Growth in South Korea’s Arms Exports
SEOUL—The Ukraine war has fueled rapid growth in South Korea’s arms exports as countries supporting Kyiv turn to Seoul to replenish thei...
Hyundai Doosan Infracore bags $256 mn Turkey defense deal
Hyundai Doosan Infracore Co., a South Korean construction equipment maker, won a 313.1 billion won ($255.5 million) defense deal from Turkey, sugges...
Poongsan’s sale of ammunition, artillery shells surges on Ukraine war
Poongsan Corp., one of South Korea’s leading copper smelters and defense equipment makers, saw its sales of ammunition and artillery shells su...
KOICA donates Celltrion's Herzuma to Ukraine
Celltrion Healthcare Co. said on Monday that Herzuma (ingredient name: Trastuzumab) was dispatched to patients in Ukraine by the Korea International...
KAI to develop drone for reconnaissance, attack
Korea Aerospace Industries Ltd. (KAI) on Wednesday said it is developing a small multi-purpose drone with reconnaissance and attack functions like t...
Korea’s Poongsan earnings to improve on copper rebound
Poongsan Corp., South Korea’s top copper processing company, is expected to benefit as China’s exit from the zero-COVID policy bolstered...
Korean stocks with healthy earnings to shine in H2 2023
South Korea’s Mirae Asset Securities Co. expected local shares with strong earnings including growth stocks to rally in the second half of nex...
SK Hynix hikes use of locally produced neon gas for chip manufacture
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it will significantly raise the use of locally produced neon, a ...
Rising utility bills add to Korea’s inflationary pressure
South Korea may raise utility bills after scheduled hikes in the coming months, adding to inflationary pressure in Asia’s fourth-largest econo...
Ukraine war gives North Korea reasons to draw closer to Russia
SEOUL—Russia’s invasion of Ukraine has created an opportunity for North Korea, which has strengthened its ties with Moscow and beco...
Poland closer to deal to buy South Korean fighter jets, tanks, howitzers
Poland is moving closer to clinching a megadeal to buy South Korean weapons such as fighter jets, tanks and artillery amid the ongoing Russian war o...
Daewoong's Nabota approved for sale in Saudi Arabia, Ukraine
South Korea’s Daewoong Pharmaceutical Co. has obtained approval for the sale of its botulinum toxin product, Nabota, in Saudi Arabia and Ukrai...
Korea consumption, facility investment down in March
South Korea’s consumption and capital expenditures fell last month although production rebounded, government data showed, indicating the momen...
