German authorities have raided Hyundai and Kia motor premises owing to suspicions that they put over 210,000 diesel vehicles with suspected illegal defeat devices.Around 140 prosecutors and investigators in Frankfurt and Luxembourg were mobilized to raid eight premises of the South Korean automakers

The following article was contributed by the Embassy of Uzbekistan in Seoul for publication by The Korea Post media, publisher of 3 English and 2 Korean-language news publications since 1985.—Ed.On June 20, President of Uzbekistan Shavkat Mirziyoyev held a meeting with members of the Constitutional

Laos is the third foreign country to establish MG Community Credit Cooperatives after Myanmar and Uganda. Starting with Laos’ first MG Community Credit Cooperatives in December 2020, three MG Community Credit Cooperatives have been established and operated.As of the end of 2021, Laos is one of the p

LG Electronics collaborated with Anish Kapoor to showcase the world-renowned British-Indian artist’s media artwork on LG Signature OLED R.Representing the perfect fusion of artistry and technology, Kapoor’s experiential digital art on LG’s sublime, self-lit TV was presented in collaboration with Lis

The Korea-German Chamber of Commerce and Industry (KGCCI) announced on June 23 that it has elected CEO Holger Gerrmann of Porsche Korea as the German president of the KGCCI at the 41st regular general meeting held at the Grand Hyatt Hotel in Seoul.The new Chairman Gerrmann has gained various experie

South Korea became the first Asian country to be granted full membership of the world’s largest R&D platform Eureka at the 2022 general assembly held in Lisbon, Portugal, the Ministry of Trade, Industry and Energy (MOTIE) announced on June 22.With an amendment of articles, Eureka membership is now o

It has been confirmed that the National Intelligence Service (NIS) has recently placed all 27 first-degree directors on the waiting list. Analysts say that the Yoon Suk-yeol administration has begun a major personnel reshuffle in the NIS after the regime change.All directors were excluded from their

The Czech Honorary Consulate in Busan opened at the KNN Tower in Haeundae, Busan on June 22 and started full-scale consular work.The opening ceremony was attended by Nexen Group Vice Chairman Kang Ho-chan, who was appointed as the Czech honorary consul, Head Kang Ui-gu of the Busan Consuls Group, Am

Korea successfully launched satellites into orbit with its homegrown Nuri rocket on June 21.The Nuri rocket (KSLV-II), weighing 200 metric tons, flew to outer space at the state-run space center operated by the Korea Aerospace Research Institute in Goheung, South Jeolla Province.The three-stage rock

Daishin Securities held the 60th anniversary ceremony at the headquarters 'Daishin 343' in Seoul with the participation of group executives such as Chairman Lee Uh-ryong, Vice Chairman Yang Hong-seok and CEO Oh Ik-keun.To mark its 60th anniversary, it will be renamed 'Daishin Financial Group'.Daishi

KOTRA held a ceremony for the 60th anniversary of its founding at its headquarters in Yeomgok-dong, Seoul on June 20.The ceremony was attended by major figures from all walks of life, including Jang Young-jin, the first vice minister of the Ministry of Commerce, Industry and Energy, Kim Kyung-man, c

Chairman Lee Sung-Hee of National Agricultural Cooperative Federation (NACF) was re-elected as the head of the International Cooperative Agricultural Organization (ICAO), which represents cooperatives in the agricultural sector around the world.In particular, he was elected as the head of the organi

Chairman Chey Tae-won of the SK Business Group in Korea has received France's most prestigious 'Legion d'Honneur' medal.Chairman Chey, who went on a business trip to France to introduce Busan Expo, will receive the highest medal in the country.Chairman Chey will receive the 'Legion d'Honneur' medal

“NextRise 2022 Seoul” kicked off on June 16 at COEX in Samseong-dong, which is an event co-hosted by the Korea International Trade Association and Korea Development Bank (KDB).Key figures, including Lee Gwan-seup, vice chairman of KITA, Gang Seok-hoon, chairman of KDB, Kim So-young, vice chairperson

SK Geo Centric (SKGC), SUEZ, and Loop Industries announced on June 17 that SKGC will become an equal partner in the previously announced partnership between Loop and SUEZ, which was formed to build the first Infinite Loop manufacturing facility in Europe.Loop Industries is an innovator in sustainabl

President Yoon Suk-yeol will leave for Madrid, Spain late this month to attend the summit of the North Atlantic Treaty Organization (NATO) slated for June 29~30.At the official invitation of NATO, the event will be the President Yoon's first summit diplomacy of his term, a member of the presidential

A lighting-up ceremony was held at the Gwangyang Steel Works to announce the operation of the 4th blast furnace at the steel works on June 10.POSCO Group Chairman Choi Jeong-woo said, "Like the blast furnace, the symbol of steel works, I hope that POSCO will further solidify its status as the world'

The European Commission welcomed the adoption of the sixth package of restrictive measures against Russia, the commission announced on June 3. Sanctions are among the EU's most visible, direct and powerful responses to Russia's brutal and unprovoked attack on Ukraine, including systemic violence and

Chief FTA negotiator Lee Kyung-sik of the Trade, Industry and Energy Ministry (MOTIE) led the South Korean delegation in the 5th round of Korea-GCC (Gulf Cooperation Council) FTA negotiations held in Riyadh, Saudi Arabia on June 6.The senior FTA negotiator gave opening remarks and facilitated negoti

To demonstrate the ability of the combined US-ROK force to respond quickly to crisis events on the Korean Peninsula, U.S. Forces Korea and the Republic of Korea militaries conducted a combined live-fire exercise, the United States Forces Korea (USFK) said on June 6.This exercise utilized one U.S. Ar