Important lessons from loosening regulations for foreign investment

To attract international investment, banking regulators in South Korea have unveiled a new set of rules, one of which is the elimination of the country's decades-old investor registration system. As of the end of June 2022, foreign investors own around 30.7% of the local stock market, as repo...

Sales of global foundries are expected to fall in 2023, hurting Taiwan and South Korea in particular.

The advanced chips that have strengthened the economies of Taiwan and South Korea through technological innovation have seen a sharp decline in demand, and foundry revenues around the world are expected to plummet as a result. Foundry sales are predicted to fall by 4% in 2023 from 2022, according...

In Nigeria, Daewoo E&C has opened a new construction instruction facility.

Daewoo E&C, a construction firm in South Korea, announced on Friday that as part of a community service initiative, it has opened a vocational school to educate future generations of welding and scaffolding specialists. Daewoo E&C announced that it has opened a training center in Nigeria,...

The initial shipment of Pfizer's Covid-19 pills has arrived in South Korea.

On Thursday, Pfizer started shipping its antiviral Covid-19pills to South Korea for use on individuals with moderate or severe symptoms. To combat what could be another outbreak of diseases caused by the highly contagious omicron variety, health officials have hailed the Paxlovid pills as a poten...

South Korea will extend its quarantine period for people with Covid.

On Friday, Prime Minister Han Duck-soo said that South Korea would extend the current seven-day quarantine mandate for Covid-19 patients for four more weeks. This is because to concerns that easing the obligation could hasten a reappearance of the virus. Han stated in a virus response meeting tha...

As traditional marketing agencies see a decline in demand, big names are moving into the NFT space to maintain competitiveness.

By 2022, South Korea's NFT market is predicted to be worth $938.6 million, a 47.3% annual increase from 2017. Consistent expansion of the NFT market is anticipated over the projected period, with a CAGR of 33.8% from 2022-2028. The value of national expenditures on next-generation financial t...

Success or Failure of Health Care Reform in South Korea

In just 12 years, SOUTH KOREA established universal healthcare. The government first required medical insurance for employees and their dependents in large businesses with more than 500 employees in 1977, marking the modest beginning of this extraordinary achievement. The entire country was given...

To address the rising demand in hospitals, South Korea prioritizes AI-based imaging solutions, according to Global Data

In order to address the rising demand in hospitals, a number of South Korean health technology companies that provide artificial intelligence (AI)-based imaging solutions are collaborating more frequently with national and foreign multinationals. In light of this, Global Data predicts that the So...

Lotte Chemical, an ambitious South Korean company, is counting on mergers and acquisitions to help them expand during the coronavirus outbreak.

Lotte Group chairman Shin Dong-bin had been pursuing an ambitious plan to triple the conglomerate's revenue from its chemicals business over a 10-year period, putting it in competition with the likes of Dow and ExxonMobil Chemical, after years of turmoil punctuated by a family feud and a brie...

Brazil defeats South Korea 4-1 at the World Cup thanks to Neymar's goal

It was the same old Neymar out there, looking fit and scoring a goal to get closer to Pele's all-time record and lead Brazil into the World Cup semifinals.

Neymar returned from injury and converted a first-half penalty in Brazil's 4-1 round-of-16 victory over South Korea on Mond...

North Korea launches 130 artillery projectiles into the eastern and western "buffer zones": The South Korean military

North Korea launched 130 artillery projectiles into eastern and western marine "buffer zones" on Monday, in breach of a 2018 bilateral military agreement, according to Seoul's defense authorities, during live-fire drills between South Korea and the United States in a border region.<...

Seoul and Beijing have agreed to hold a meeting in South Korea

South Korean and Chinese foreign ministries agreed Monday to deepen bilateral diplomatic ties as the two nations aim to undertake high-level interactions, including a summit in Seoul, "in the new age of cooperation."

Minister Park Jin and his Chinese counterpart Wang Yi conduc...

South Korea's leader has disregarded Putin's warning.

In response to Russian President Vladimir Putin's warning that relations between Seoul and Moscow would be shattered if South Korea delivered lethal armaments to Ukraine, President Yoon Suk-yeol stressed on Friday that South Korea has never done so.

Yoon told reporters as he entered...

The father of the victim's daughter travels from Japan to South Korea to identify her body.

Mei Tomikawa was one of two Japanese people killed in a Halloween crush in Seoul, and her father and another family member flew in on Monday to identify her body.

Earlier in the week, Hokkaido local assembly member Ayumu Tomikawa had told the press that he was leaving because he wanted ...

The explosion at the South Korean airbase was caused by a failed missile, according to reports

On Wednesday, during a live-fire rehearsal with the United States in response to North Korea's successful launch of a weapon that sailed over Japan and has the range to target the US territory of Guam, a South Korean ballistic missile exploded as it slammed into the ground due to a technical ...

More missiles are launched into the ocean by North Korea

According to South Korean and Japanese officials, North Korea has fired another missile into the waters off the east coast of the Korean Peninsula, further increasing tensions in the area amid a series of exhibitions of military power this week.

North Korea has fired six rounds of weapo...

After North Korea's missile tests, South Korea and the United States hold joint military exercises with a U.S. aircraft carrier

The South Korean military announced on Friday that joint maritime drills with a U.S. aircraft carrier had begun, a day after South Korean fighter jets had been scrambled in response to what seemed to be a North Korean bombing rehearsal.

The South Korean Joint Chiefs of Staff have announ...

North Korea finally speaks out about its missile launches, saying that it is "practicing tactical nuclear strikes" on South Korea

Because of North Korea's testing of seven ballistic missiles since September 25 and roughly 25 launches this year, tensions on the Korean Peninsula and in the Sea of Japan region have reached an all-time high. KCNA has gone as far as to call the recent missile launches a "strong military...

India has opened an investigation into the rise in South Korean exports of an iron alloy

India is looking into whether or not an increase in imports of Ferro Molybdenum from South Korea, which is used in steel, nickel, and cobalt alloys, is hurting Indian companies. A group of Indian manufacturers, including the Indian Ferro Alloy Producer's Association, Boon Metal &Alloy Cor...

The threat from North Korea increases after each successful test, therefore South Korea, Japan, and the United States practice missile defense

Two American warships, a South Korean destroyer, and two Japanese destroyers participated in missile defense exercises amidst heightened tensions in the region. North Korea conducted the drill only a few hours after firing a missile over Japan. Multiple missiles have been fired by Pyongyang in re...