Korean airline company is scheduled to appeal
A Russian arbitration court ordered Korean Air last week to pay $46 million in a fine to the country’s customs authorities, the verdict that the South Korean flag carrier vowed to appeal Tuesday.
Observers...
Joint venture StarPlus Energy will take charge of the plant
South Korea’s battery manufacturer Samsung SDI announced on July 24 that it would team up with global automaker Stellantis to build their second battery factory in the United States.
Their StarPlus...
German automakers more than triple sales in US
Mercedes-Benz and BMW more than tripled their sales of electric vehicles in the U.S. market over the first half of this year, according to the Korea Automobile Manufacturers Association (KAMA) on July...
Two countries agree to further enhance economic and defense ties
South Korea and Australia agreed on July 19 to further enhance economic and defense ties between the two countries to cope with common security and economic challenges in the Indo-Pacific...
Hydrogen organizations of Korea, Poland will cooperate
South Korea’s H2Korea announced on July 17 that it had signed a memorandum of understanding with its Polish counterpart, dubbed H2Pol, late last week in Warsaw.
H2Korea noted that the bilateral agreement had been...
Hyundai E&C will take charge of Boryspil International Airport
South Korea’s Hyundai E&C said on July 17 that the contractor had signed an agreement with Boryspil International Airport Corporation to join the European country’s postwar reconstruction project.
Under the contract, the...
Trailblazer second to none in outbound shipment
General Motors Korea’s sports utility vehicle Trailblazer topped the export list of South Korea in the first half of this year, according to the country’s Ministry of Trade, Industry and Energy on July...
Chinese EV maker does not disclose its nationality
Chinese electric vehicle maker BYD comes under suspicion in South Korea that it is trying to conceal the origin of the company and its products here in promoting its electric trucks.
After launching...
Bespoke home appliances keep hitting market
South Korea’s Samsung Electronics said on July 12 that it had launched a versatile oven designed to recommend cooking recipes based on artificial intelligence.
This is not the first time for corporations to take advantage...
Tech giant launching game portal
South Korea’s Samsung Electronics opened a game portal on July 10, targeting American and European markets, including the United States, the United Kingdom, Germany, France, and Brazil.
The Seoul-based tech giant noted that the game portal...
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Upbit successfully detects crypto frauds
Korean outfit comes up with advanced anti-fraud system
South Korea’s leading crypto-exchange Upbit announced on Sept. 26 that the outfit had discovered fraudulent exchanges amounting...
