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Reporter : Baek Byung-yeul
Sun, May 29, 2022 | 05:24
Koreans ready to flock to Japan as tourism resumes in June
Tour agencies here, which have been struggling with low travel demand amid the COVID-19 pandemic, are set to capitalize on Japan's decision to ease entry restrictions for foreign tourists next month, according to company officials Friday. They expect more Korean tourists will fly to the neighboring country, which will serve as a catalyst in revitalizing the sluggish travel in...
Industry minister pledges full support for exporters
The government will provide full support to help local companies bolster their outbound shipments against ongoing uncertainties such as global supply chain disruptions, Russia's invasion of Ukraine and the conflict between the United States and China, the industry ministry said Friday.
SK, LG, GS, POSCO, Hyundai Heavy unveil investment plans for future growth
Following Samsung Group and Hyundai Motor Group's massive investment plans, other Korean conglomerates, including SK, LG, GS, POSCO and Hyundai Heavy Industries unveiled large-scale investment plans Thursday in a move to find future growth opportunities and respond to President Yoon Suk-yeol's pledge to create a business-friendly environment.
[INTERVIEW] Immunomic Therapeutics CEO expects meaningful test results for brain tumor drug
William Hearl, CEO of Immunomic Therapeutics, the U.S. subsidiary of the Korean biotech company, HLB, said that the company expects meaningful test results from its Phase 2 clinical trials of a drug for glioblastoma by August of this year at the latest.
Hankook Tire opens Asia's largest tire test track in Taean
TAEAN - Hankook Tire & Technology opened a tire test track in the western coastal city of Taean, South Chungcheong Province, Wednesday, with an aim to develop innovative tire products to compete against global rivals. Built on 1.26 million square meters of land, the company said the test center called Hankook Technoring is Asia's largest tire test facility.
Hyundai Motor pledges to invest $10.5 billion in US
Hyundai Motor Group has decided to invest a total of $10.5 billion in the U.S., including the construction of an electric vehicle (EV) manufacturing plant and investing in future technologies such as robotics, urban air mobility (UAM), autonomous driving and artificial intelligence (AI), the head of Korea's largest automaker said Sunday.
Korea, US agree to forge closer economic ties
Korea and the United States agreed to strengthen economic ties as the industrial ministers of the two countries will hold a meeting every year to discuss issues related to supply chains and key industries in the wake of U.S. President Joe Biden's visit to Korea, according to the Ministry of Trade, Industry and Energy, Saturday.
Biden becomes first US president to visit Samsung chip plant
U.S. President Joe Biden let the world know that Samsung Electronics is playing a huge role in the global chip industry as he became the first U.S. president to visit the world's No. 1 memory chip maker's plant in Pyeongtaek, south of Seoul, right after he stepped on Korean soil, Friday. The U.S. president arrived at Osan Air Base in Pyeongtaek at 5:23 p.m. to start his three...
Biden to meet Hyundai Motor Group chief
U.S. President Joe Biden will meet Chung Euisun, chairman of Hyundai Motor Group, during his three-day visit to Korea to thank him for investing in the U.S. state of Georgia, according to a White House official, Friday (KST).
Samsung, LG expand into appliances with pet care features
Samsung Electronics and LG Electronics are increasingly offering home appliances with pet care features, targeting the growing number of pet owners here, company officials said, Thursday.
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