BRAND

• 

  BRAND

  Air traffic rises 16 pct last year but still below pre-pandemic levels

  SEOUL, Jan. 18 (Yonhap) -- South Korea's air traffic rose 16 percent in 2022 from a year earlier on unleashed pent-up demand for travel amid eased COVID-19 virus curbs, the transport ministry said Wednesday.Airlines, domestic and foreign, made a
• Mirae Asset Venture Investment to raise 25 bln won via stock offering

  BRAND

  SEOUL, Jan. 17 (Yonhap) -- Mirae Asset Venture Investment Co.on Tuesday announced that it will sell stock to raise 25 billion won (US$20.2 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulat
• Samsung Engineering wins pre-construction service deal for gas development project in UAE

  BRAND

  SEOUL, Jan. 17 (Yonhap) -- Samsung Engineering Co., a plant construction unit of Samsung Group, said Tuesday that it has received a letter of award for a pre-construction service agreement for a gas development project in the United Arab Emirates.Und
• 

  BRAND

  (Yonhap Feature) SKC set to trailblaze semiconductor packaging with breakthrough material

  By Kim Seung-yeon COVINGTON, Georgia, Jan. 16 (Yonhap) -- The SKC campus, located about 56 kilometers east of Atlanta, is where the chemical materials unit of SK, South Korea's energy-to-telecom conglomerate, built its first U.S. production facil
• 

  BRAND

  Money supply up in Nov. on more bank deposits amid high interest rates

  SEOUL, Jan. 17 (Yonhap) -- South Korea's money supply grew on-month in November, as high interest rates encouraged people to deposit more money at banks, central bank data showed Tuesday.The country's M2, a key gauge of the money supply, stoo
• 

  BRAND

  KSOE wins 971.4 bln-won order for 3 LNG carriers

  SEOUL, Jan. 17 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday it has bagged a 971.4 billion-won (US$784 million) order to build three liquefied natural gas (LNG) carriers from an Oceanic shipper.KSOE said Hyundai Heavy
• 

  BRAND

  (LEAD) S. Korean, UAE companies seek to enhance energy, defense, new industry ties

  (ATTN: ADDS more details in last 2 paras; CHANGES photos)SEOUL, Jan. 17 (Yonhap) -- Companies from South Korea and the United Arab Emirates have signed 23 memorandums of understanding (MOUs) and a contract, worth US$6.1 billion combined, enhancing bi
• 

  BRAND

  U.S. beef takes up over half of S. Korea's total imports in 2022

  SEOUL, Jan. 17 (Yonhap) -- U.S. beef accounted for more than 50 percent of South Korea's total imports of the meat in 2022, taking up the top spot for six years, industry data showed Tuesday.Asia's fourth-largest economy imported 256,910 tons
• 

  BRAND

  S. Korean, UAE companies seek to enhance energy, defense, new industry ties

  SEOUL, Jan. 17 (Yonhap) -- Companies from South Korea and the United Arab Emirates have signed 23 memorandums of understanding (MOUs) and a contract, worth US$6.1 billion combined, enhancing bilateral cooperation on energy, defense and new industry s
• 

  BRAND

  Kia union OKs plan to build purpose-built vehicle plant in S. Korea

  SEOUL, Jan. 16 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, said Monday its unionized workers have accepted the plan to build an electrified purpose-built vehicle plant in South Korea. Kia said it will complete the PBV plant in t
• Tera Science to sell shares to raise capital

  BRAND

  SEOUL, Jan. 16 (Yonhap) -- Tera Science Co.on Monday announced that it will sell stock to raise capital.According to a regulatory filing, the company will issue 508,905 common shares at a price of 1,965 won per share. The stock will be sold to the in
• Tera Science to raise 10 bln won via stock offering

  BRAND

  SEOUL, Jan. 16 (Yonhap) -- Tera Science Co.on Monday announced that it will sell stock to raise 10 billion won (US$8.1 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.According to a regulatory filing, the c
• Gencurix to raise 28 bln won via stock offering

  BRAND

  SEOUL, Jan. 16 (Yonhap) -- Gencurix Inc.on Monday announced that it will sell stock to raise 28 billion won (US$22.7 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the compan
• 

  BRAND

  Shinsegae International names new CEO amid digital push

  SEOUL, Jan. 16 (Yonhap) -- Fashion and cosmetics retailer Shinsegae International Inc. said Monday it has named a new chief executive amid the retailer's push to accelerate digitalization and expand its business globally.The luxury retailer under
• 

  BRAND

  LG Energy Solution, Hanwha team up for battery, energy storage, air mobility

  By Kim Seung-yeon SEOUL, Jan. 16 (Yonhap) -- South Korea's leading electric vehicle (EV) battery maker, LG Energy Solution Ltd. (LGES), and defense-focused Hanwha Group said Monday they have joined hands to establish battery production facilities
• 

  BRAND

  Regulatory filing rules on intra-affiliate trading to be eased: FTC

  By Kang Yoon-seungSEOUL, Jan. 16 (Yonhap) -- South Korea plans to raise the minimum amount of intra-affiliate deals that need to be filed publicly, the antitrust regulator said Monday, as it seeks to lift excessive regulations.Under the revised rules
• 

  BRAND

  S. Korea to earmark 1.5 tln won for R&D projects to support 2nd-tier firms

  SEOUL, Jan. 16 (Yonhap) -- South Korea will earmark 1.5 trillion won (US$1.22 billion) over the next 10 years for research and development projects aimed at nurturing second-tier, high-potential companies into global players and boost their exports,
• 

  BRAND

  Lotte Chemical sells Pakistani unit to streamline business, secure funds

  SEOUL, Jan. 16 (Yonhap) -- Lotte Chemical Corp. said Monday it is selling its subsidiary in Pakistan to a local chemical company for 192.4 billion won (US$156 million) as part of efforts to streamline its business with a focus on advanced materials a
• 

  BRAND

  SK signs partnership with UAE sovereign wealth fund on carbon credits

  SEOUL, Jan. 16 (Yonhap) -- South Korea's SK Group said Monday it has signed a partnership deal with the sovereign wealth fund of the United Arab Emirates (UAE) to establish a carbon credit market in Asia, as part of efforts to tackle climate chan
• 

  BRAND

  Proportion of self-employed hits all-time low in 2022 amid pandemic

  SEOUL, Jan. 16 (Yonhap) -- The proportion of self-employed people in South Korea touched a record low in 2022 in the wake of the prolonged coronavirus pandemic, data showed Monday.Asia's fourth-largest economy had 5.63 million self-employed peopl