Search For "south korea"
South Korea secures 20% of global ship orders as China's lead weakens
Updated : 2 months, 3 weeks ago IST
South Korea is on track to win back a 20 per cent share of the world's shipbuilding orders this year. This recovery comes as global demand for new ships declines and the United States takes steps to slow China's maritime power.
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ABL Bio Receives Upfront Payment for License, Research and Collaboration A
Updated : 2 months, 3 weeks ago IST
Seoul [South Korea], December 26: ABL Bio (CEO Sang Hoon Lee), a company specializing in bispecific antibodies, announced that ABL Bio will receive a USD 40 million upfront payment for the license, research and collaboration agreement for its Grabody platform, and a USD 15 million equity inv
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Hanwha Ocean and Hyundai E&C secure major offshore wind project
Updated : 2 months, 3 weeks ago IST
Hanwha Ocean, Hyundai E&C win offshore wind project to build a large power farm in the sea, securing an engineering, procurement, and construction contract. This major move marked the formal entry of Hanwha Ocean into the offshore wind power sector. The company secured a big contract to desi
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LS Electric data center orders exceed USD 673 million in 2025 driven by No
Updated : 2 months, 4 weeks ago IST
LS Electric data center orders have topped USD 673 million in 2025 as the company expands its reach in the global power solutions market. The South Korean firm announced on Tuesday that its total business orders for the year exceeded 1 trillion won.
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South Korea's Hyosung Heavy signs USD 82 million deal for UK wind project
Updated : 2 months, 4 weeks ago IST
Hyosung Heavy Industries secured a contract worth 120 billion won, or approximately USD 82 million, to supply ultra-high-voltage transformers to the United Kingdom. This deal with SP Energy Networks, a division of ScottishPower, aims to support a significant wind power project as Britain wor
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Amorepacific Museum of Art Announces 2026 Exhibition Program
Updated : 2 months, 4 weeks ago IST
Seoul [South Korea], December 23: Amorepacific Museum of Art (Director: Seungchang Jeon) will present two major contemporary art exhibitions in 2026: a special exhibition from its contemporary art collection and a solo exhibition of the acclaimed American artist Jonas Wood.
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South Korean corporate earnings up 20.6% in 2024 on AI-led chip exports
Updated : 3 months ago IST
South Korean companies' earnings recorded a 20 per cent on-year gain in 2024 on increased exports of semiconductors, government data showed Tuesday.
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"Good time for India, South Korea to upgrade their CEPA": Deputy Chief of
Updated : 3 months ago IST
"It is about time to have the second wave of Korean investments in India, especially in strategic areas, such as shipbuilding, semiconductors, and the defence industry. I do see some positive movements in that direction," he added.
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Ford cancels billion-dollar battery deal with South Korea's LG Energy Solu
Updated : 3 months ago IST
South Korean battery maker LG Energy Solution Ltd. announced on Wednesday that a massive deal to supply batteries to Ford Motor Co. is now over. The American car company sent a notice to cancel the agreement because it is changing its plans for electric cars. This deal was worth about 9 tril
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GM Korea commits USD 300 million investment, plans premium brand entry nex
Updated : 3 months ago IST
GM Korea said it will invest USD 300 million in South Korea from next year and prepare to launch a premium brand in the country, as per a report by Pulse, the English service of Maeil Business News Korea. The company shared the plan at its 2026 Business Strategy Conference, placing the annou
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South Korea, China, Japan agree to boost health cooperation using AI
Updated : 3 months, 1 week ago IST
Health leaders from South Korea, China and Japan have agreed to deepen trilateral cooperation on universal health coverage and mental health, with a strong focus on using artificial intelligence and digital technologies, despite recent diplomatic tensions in the region.
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South Korea aims to launch lunar communication orbiter in 2029, lander in
Updated : 3 months, 1 week ago IST
South Korea aims to launch a lunar communication orbiter in 2029, and a lunar lander in 2032 as part of its long-term space exploration road map, the head of the Korea AeroSpace Administration (KASA) said.
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