Indian Ministry of Defense
Scope
Date
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Economy
Korean shipbuilding, defense sectors offer bright 2023 outlook
South Korea’s major companies in shipbuilding, defense and construction industries expect strong earnings this year, despite growing concerns ...
Feb 16, 2023 (Gmt+09:00)
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Business & Politics
Korea's Yoon presses banking, telecom sectors over inflation
South Korean President Yoon Suk-yeol on Wednesday called for measures to stabilize mounting price pressure caused by "oligopolies" in the banking an...
Feb 15, 2023 (Gmt+09:00)
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Aerospace & Defense
KAI expects 2023 sales to grow by a third, driven by fighter jets
Korea Aerospace Industries Ltd. (KAI), South Korea’s sole military aircraft manufacturer, said on Wednesday it aims to achieve 3.83 trillion w...
Feb 15, 2023 (Gmt+09:00)
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Aerospace & Defense
Kepco E&C takes first step in protecting nuclear power plants from drones
Kepco Engineering & Construction Co. has teamed up with South Korea's defense company Terra Defense to establish a system aimed at protecting nu...
Feb 13, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Engineering builds nationwide EV infrastructure
South Korea's Hyundai Engineering on Sunday said the country's Ministry of Environment selected the company to receive electric vehicle (EV) infrast...
Feb 13, 2023 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1 to work with Romanian state-run defense supplier
South Korea's defense contractor LIG Nex1 Co. will join hands with ROMARM, a Romanian state-run defense company, to develop anti-aircraft missiles a...
Feb 09, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korean biotech firm Genesystem to bring molecular testing to India
Genesystem, a South Korean biotech firm specializing in on-site molecular testing platforms, announced on Tuesday its entry into the Indian market t...
Feb 08, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha Aerospace joins Romania's defense modernization efforts
South Korean aircraft engine maker and defense utility company Hanwha Aerospace Co. has signed on Monday a memorandum of understanding (MOU) with Ro...
Feb 07, 2023 (Gmt+09:00)
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Aerospace & Defense
Hyundai Doosan Infracore bags $256 mn Turkey defense deal
Hyundai Doosan Infracore Co., a South Korean construction equipment maker, won a 313.1 billion won ($255.5 million) defense deal from Turkey, sugges...
Feb 03, 2023 (Gmt+09:00)
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Business & Politics
S.Korea's fisheries ministry to transfer tech on Napoleon fish to SE Asia
South Korea's Ministry of Oceans and Fisheries will transfer technology to Indonesia on farming the tropical Napoleon fish and reduce sea pollution ...
Feb 01, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion Healthcare launches anti-cancer biosimilar Vegzelma in Japan
Celltrion Healthcare Co. Ltd. said on Thursday that it launched Vegzelma, a biosimilar to the anti-cancer drug Avastin (active ingredient: bevacizum...
Jan 26, 2023 (Gmt+09:00)
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Aerospace & Defense
Poongsan’s sale of ammunition, artillery shells surges on Ukraine war
Poongsan Corp., one of South Korea’s leading copper smelters and defense equipment makers, saw its sales of ammunition and artillery shells su...
Jan 24, 2023 (Gmt+09:00)
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Food & Beverage
Lotte to invest $55 mn in Indian ice cream subsidiary for 5 years
South Korea-based Lotte Confectionery Co. will invest 4.5 billion rupees ($55.1 million) in its Indian unit Havmor Ice Cream in the next five ...
Jan 18, 2023 (Gmt+09:00)
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Aerospace & Defense
K-defense sector to reach annual export of $16 bn for two consecutive years
The South Korean defense market is forecast to sign export contracts worth more than 20 trillion won (15.7 billion) combined this year on the back o...
Jan 04, 2023 (Gmt+09:00)
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Business & Politics
Korea proposes bigger tax breaks for chipmakers, key industries
The South Korean government plans to raise tax breaks for facility investments by big companies, including chipmakers, to as much as 25% following P...
Jan 03, 2023 (Gmt+09:00)
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Korean chipmakers
Rep. Yang Hyang-ja criticizes 8% tax cut for chipmakers as step backward
South Korean politician Yang Hyang-ja, a Samsung Electronics Co. executive-turned-lawmaker, criticized her fellow lawmakers' decision to raise the p...
Dec 23, 2022 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1 signs maritime surveillance radar-II defense contract
LIG Nex1 Co. said on Friday that it has signed an agreement with the Naval Logistics Command for the Maritime Surveillance Radar-II project, which w...
Dec 23, 2022 (Gmt+09:00)
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Aerospace & Defense
Launch of Innospace's Hanbit-TLV rocket called off due to technical glitch
The Ministry of Science and ICT announced on Wednesday that it will invest 350 billion won ($273 million) to build a rocket launch site, which will ...
Dec 23, 2022 (Gmt+09:00)
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Steel
Korea’s Poongsan earnings to improve on copper rebound
Poongsan Corp., South Korea’s top copper processing company, is expected to benefit as China’s exit from the zero-COVID policy bolstered...
Dec 20, 2022 (Gmt+09:00)
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Chemical Industry
KCC's paint selected as World-Class Product for 14 consecutive years
South Korea's leading chemical and auto parts supplier KCC Corp. said on Thursday that its anti-rust and anti-fouling paints for ships and ceramics ...
Dec 16, 2022 (Gmt+09:00)
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Markets
Korea Exchange, Uzbek Ministry of Finance sign agreement for cooperation
The Korea Exchange (KRX) has agreed to cooperate with the Ministry of Finance of Uzbekistan on the maintenance of the stock market IT system. T...
Dec 13, 2022 (Gmt+09:00)
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Automobiles
Future transport center to make UAM, autonomous vehicle transfer easy
The Korean Ministry of Land, Infrastructure and Transport's Metropolitan Area Transportation Committee said on Sunday that it would promote establis...
Dec 05, 2022 (Gmt+09:00)
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Economy
Average household debt in South Korea exceeds $69,000 so far this year
The average household debt in South Korea has exceeded 90 million won ($69,284). While the figure appears to be high by Korean standards, average ho...
Dec 01, 2022 (Gmt+09:00)
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Corporate investment
First joint law office with overseas firm to open in Korea
The first South Korea-overseas joint law firm is set to start operations in Seoul.The joint firm of Korean law firm Hwahyun and UK’s Ashurst h...
Nov 29, 2022 (Gmt+09:00)
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Artificial intelligence
Gaming firm NCSOFT wins S.Korea’s largest AI R&D competition
South Korean game developer NCSOFT Corp. announced on Friday that it won first place at this year’s Artificial Intelligence Grand Challenge, h...
Nov 25, 2022 (Gmt+09:00)
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Korean SMEs
Korean ministry, Incheon airport to develop distribution center for SMEs
The Korea SMEs and Startup Agency (KOSME) and Incheon International Airport Corp. (IIAC) on Wednesday announced their signing of a contract to bui...
Nov 24, 2022 (Gmt+09:00)
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Economy
Finance ministry stresses need to reduce maximum corporate tax rate
A total of 103 companies, a mere 0.01% of the total number of corporations in South Korea, are paying more than 40% of the country’s total cor...
Nov 22, 2022 (Gmt+09:00)
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Travel & Leisure
Number of tourists to S.Korea, Japan surge on eased visa restrictions
As restrictions to traveling across national borders loosen, the number of international travelers to both South Korea and Japan have been on the ri...
Nov 18, 2022 (Gmt+09:00)
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Economy
S.Korea to launch control tower for immigration policy
South Korea is set to establish a government body as early as the first half of 2023 to comprehensively control its immigration policy as Asia&rsquo...
Nov 08, 2022 (Gmt+09:00)
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Alternative investments
We’re in a ‘range of fairness’ in terms of normal balances: Howard Marks
When Oaktree Capital Management Co-Founder and Co-Chairman Howard Marks appears on TV, he is often asked whether to embrace a risk-on or risk-off st...
Nov 04, 2022 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet