Hanwha Aerospace Co. said Thursday it won a 235.6 billion-won (US$174 million) component supply deal from British aircraft manufacturer Vertical Aerospace Ltd.Under the deal, the South Korean aerospace company will provide tilting and blade system components to be used in the VX4, Vertical Aerospace
The antitrust regulator said Thursday it has decided to slap a fine of 29.8 billion won (US$21.93 million) on JW Pharmaceutical, a local drug firm, for providing illegal rebates to local clinics.The company had given cash, gifts and other benefits worth 6.5 billion won from 2014 and 2018 to about 1,
The market value of listed firms belonging to South Korea's top 30 business groups has risen nearly 14 percent this year amid their efforts to find new growth engines, with POSCO Group posting the highest growth rate, a report showed Wednesday.The combined market capitalization of 216 listed firms o
South Korean shipbuilding, oil refining and machinery conglomerate HD Hyundai said Wednesday it has signed a deal with German engineering giant Siemens to turn its shipyards into smart ones.The agreement, which was signed Tuesday in Seongnam, south of Seoul, calls for jointly developing a platform t
Hyundai Motor Co. and Kia Corp., Korea's leading carmakers. said Wednesday that they have inked a strategic partnership with the German automotive chipmaker Infineon Technologies AG, so as to secure its power semiconductor supply chain.Under the deal, sealed Tuesday in Munich, Germany, the companies
Samsung Biologics Co., the biotech arm of South Korea's Samsung Group, said Wednesday it will open a new biomedicine production facility in April 2025 as part of its plans to deal with rising contract manufacturing demand.The company has invested 1.98 trillion won (US$1.46 billion) to build its fift
South Korea's leading carmakers Hyundai Motor Co. and Kia Corp. said Wednesday they have inked a strategic partnership with the German automotive chipmaker Infineon Technologies AG, so as to secure its power semiconductor supply chain.Under the deal, sealed Tuesday in Munich, Germany, the companies
By Liao RuilingThe sixth China International Import Expo (CIIE) is scheduled to be held in Shanghai from Nov. 5 to 10 this year, signifying the first complete return to in-person exhibitions for the event since COVID-19.Attending trade fairs and showcasing products is one of the channels for many co
By Qiang Wei, People's DailyChina's State Council Information Office on Oct. 10 issued a white paper titled "The Belt and Road Initiative: A Key Pillar of the Global Community of Shared Future."The white paper will give the international community a better understanding of the value of the Belt and
By Liao RuilingChina's outbound direct investment (ODI) in 2022 reached $163.12 billion, ranking second in the world, according to a report jointly released by the Ministry of Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange.The report comprehensively refl
Q: Please briefly introduce the history and main business of Ordamed.A :(Ltd. is a 100% foreign-invested company established in 2019 and is the Korean subsidiary of the Ordamed Global Group, which has subsidiaries and main markets in Kazakhstan, Russia, Uzbekistan, Kyrgyzstan and Ukraine.Its main bu
Seosan City, Chungcheongnam-do, announced on July 11 that it signed an investment agreement with InkTech, a leading company in the field of inkjet technology and printed electronics, to relocate its factory on July 11 at the Chungnam Provincial Office.According to the city, Seosan Mayor Lee Wan-seop
Seosan Mayor Lee Wan-seop's pledge to attract more than 100 blue-chip companies during the promise for his eighth term is expected to be accelerated.The city announced on the 20th that the plan for the Daesan Green Complex General Industrial Complex, which is planned to be built in Daedeok-ri, Daesa
An international cruise ship is coming to Seosan City, Chungnam Province.The city announced on June 1 that it signed an agreement with tourism and leisure company Lotte Tourism Development to operate an international cruise ship with Seosan as its home port.Seosan Mayor Lee Wan-seop and Lotte Touris
Seosan, Chungcheongnam-do. It was announced on August 16 at the Chungnam Provincial Office that Seosan city has signed a memorandum of understanding (MOU) with SK energy, a leading electric vehicle battery manufacturer, to expand its factory.According to the city, Seosan Mayor Lee Wan-seop, Chungnam
By Wang Ke, People's DailyAs dusk fell, Sanlitun, a popular destination for shopping, dining, and entertainment in Beijing's Chaoyang district, was teeming with visitors. There, the crowds encountered various types of "intelligent" elements.It was the peak time for dining. Robots were seen guiding d
According to POSCO Communications sourcesChairman Choi Jeong-woo of the POSCO Business Group met with a group of visiting Ukrainian lawmakers at the POSCO Center in Seoul on October 6th to discuss ways to cooperate in the reconstruction of Ukraine.According the POSCO Communications Team on October 8
By Jonathan TironeKazakhstan, the dominant supplier to global uranium markets, scored a partial victory in its effort to win the same rights held by 160 other nations to regulate the international nuclear-fuel trade.International Atomic Energy Agency members voted Friday to study the plight shared b
The Korean Federation of Community Credit Cooperatives (KFCC) and the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) co-organized “the Regional Workshop on Digital Inclusion and Community Development” at the United Nations Conference Center, Bangkok, Thailand on Se
By Li Ya'nan, Yang Shuobi, Xiang Zifeng, People's DailyChina's Xinjiang Uygur autonomous region is working to build itself into a beautiful Xinjiang that is united, harmonious, prosperous, and culturally advanced, with healthy ecosystems and people living and working in contentment.[1]Today, China-E