LG Electronics announced full-year 2022 consolidated revenue of 83.5 trillion won with operating profit of 3.6 trillion won on Jan. 27. In 2022, LG achieved its highest annual revenue ever – surpassing 80 trillion won for the first time in its history – increasing 12.9 percent over 2021, when sales

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin held the working group meeting of Korea-Middle East public-private joint committee for economic cooperation on Jan. 25 at the Korea International Trade Association (KITA) in the attendance of relevant ministries, public instit

“The ratification of the Cambodia-Korea Free Trade Agreement (CKFTA) will accelerate bilateral trade and investment between the two countries in the coming years,” said Amb. Chring Botumrangsay of Cambodia in Seoul.Delivering a welcome speech at the Cambodia-Korea Business and Investment Forum held

By Amb. Lakshmi PuriWhen the Golden Globe Award for ‘Best Original Song’ was announced on 10 January 2023, the roar of applause for the winning movie ‘RRR’ was echoed manifold in India and the world. It signified the celebration of India’s vibrant cinematic tradition—globally the largest, most proli

LG Group and Hanwha Group have embarked on omnidirectional cooperation in the field of batteries. It is because the interests of the two groups aligned as the energy storage system (ESS) market grew worldwide.The two groups are evaluated as having emerged as a new battery alliance as they decided to

LG Electronics’ home appliance manufacturing plant in the United States has been selected as a world-leading Lighthouse Factory by the World Economic Forum (WEF).The million-square-foot factory in Clarksville, Tennessee – the U.S. production base for LG’s award-winning washers and dryers – is the in

Hyundai Motor Group promoted the South Korean city of Busan’s bid to host World EXPO 2030 at the World Economic Forum (WEF) in Davos, Switzerland, an event that engages the world’s top political, business and cultural leaders, on Jan. 16.During the forum held from Jan. 16 to 20, the Group operated a

Trade, Industry and Energy Minister Lee Chang-yang, on the occasion of the World Economic Forum (WEF), held bilateral talks with the industry and energy ministers of Poland and the Czech Republic on Jan. 18 in Davos to discuss cooperation in nuclear power plants and high-tech industries.Minister Lee

President Yoon Suk-yeol urged the CEOs of world-leading corporations on Jan. 18 in Davos, Switzerland to invest more in Korea, saying, "The Korean market is open and so is my office, so please visit any time."Senior Secretary to the President for Public Relations Kim Eun-hye said in a news release t

The following article and picture materials have been provided by the Embassy of the Republic of Uzbekistan in Seoul for publication by The Korea Post media, publisher of 3 English and 2 Korean-language news publications since 1985.—Ed.The National Defense Control Center hosted an expanded meeting o

The United Arab Emirates (UAE) has decided to invest $30 billion (about 37.26 trillion won) in South Korea, the president's office said. This is the largest investment agreement between the UAE and other countries.President Yoon Suk-yeol held a Korea-UAE summit with President Mohamed bin Zayed Al Na

On Jan. 11, President Yoon Suk-yeol made a statement that South Korea can make nuclear weapons on its own. This remark is a hot topic at home and abroad.President Yoon's remarks do not mean that South Korea will make nuclear weapons unconditionally, but with the following conditions. If there is no

POSCO Group participated in CES 2023, the world’s largest IT and electronics convergence fair held in Las Vegas, the U.S., this year following last year.CES 2023 is held from Jan. 5 to 8, and at the event, POSCO Group introduced the POSCO Venture Platform, which finds and invests in future new growt

Trade, Industry and Energy 2nd Vice Minister Park Il-jun met with Jose W. Fernandez, visitng U.S. Under Secretary for Economic Growth, Energy, and the Environment, on Jan. 10 at the Government Complex Building in Seoul to discuss cooperation in critical minerals, energy resources, and support for Ko

LG Electronics won its most awards ever compared to previous years at CES 2023 held in Las Vegas, the U.S. – with more than 220 recognitions honoring top innovations across its home appliance and home entertainment categories.Among the top honors received by LG at CES 2023 was the coveted, Engadget

The Embassy of India and the Cultural Center of India in Seoul are jointly holding the Hindi card news competition from Jan. 10 through Feb. 15, 2023, the embassy said on Jan. 12.It said that this competition is only open for Korean nationals and all entries must have creative content on India-Korea

Regarding the power of the "Korean-style three-axis system" in response to North Korea's nuclear and missile programs, President Yoon Suk-yeol said on Jan. 11, "The most important way to prevent an attack is to firmly establish the Korea Massive Punishment and Retaliation (KMPR) ability that can ret

A former financial team leader who was put on trial for embezzling 221.5 billion won while working at Osstem Implant was sentenced to 35 years in prison and a fine of 30 million won.The Seoul Southern District Court's Criminal Settlement Division sentenced a 46-year-old man accused of embezzlement a

Hyundai Motor Group Chairman Chung Eui-sun recently met with Jose Fernandez, the U.S. Undersecretary of State for Economic Growth, Energy and Environment.According to the business community on Jan. 11, Chairman Chung had a discussion with Vice Minister Fernandez about the Inflation Reduction Act (IR

President Yoon Suk-yeol will visit the United Arab Emirates (UAE) for a state visit and Switzerland to attend the World Economic Forum in Davos.President Yoon will visit the UAE from Jan. 14 to 17 for a summit and state luncheon with UAE President Mohammed bin Zayed Al Nahyan, National Security Advi