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Industry Ministry says S. Korea’s joining in IPEF is to resolve supply chain issues
South Korean Ministry of Industry explained the reason why Korea is pushing for joining in the Indo-Pacific Economic Framework (IPEF) is continued global supply chain issues caused by Covid-19 pandemic. “After the COVID-19 pandemic, the global logistics industry put more value on ‘resilience’ than ‘efficiency,’” said the industry ministry said on the 19th. “South Korea will join the IPEF to strengthen the resilience to flexibly respond to climate change, supply chain risks, and pandemic.”It continued, “If we join the IPEF, it will be enable to build a comprehensive regional economic c
05월 20일 09시 05분
Lotte Chemical to invest 10 trillion won in hydrogen and battery businesses by 2030
Luna and Terra USD investors accuse CEO Kwon Do-hyung
Samsung C&T sells Romania solar power plant to focus on North American market
Editor's Choice
India's forex reserves dip by $9.64 billion, the biggest drop in 2 years
India's foreign exchange (forex) reserves declined by $9.646 billion to $622.275 billion in the week ended March 11, the sharpest decline in nearly two years, as the Reserve Bank of India (RBI) heavily sold dollars to prevent the slide in the value of rupee.According to the RBI's weekly statistical supplement, the foreign currency assets, which is the biggest component of the forex reserves, slumped by $11.108 billion to $554.359 billion during the week under review. Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-dollar curre
03월 21일 09시 03분
India-Russia oil trade: what is at stake?
In order to shield the economy from the negative impact of the recent surge in crude oil prices, India is exploring the possibility of importing additional oil at discounted rates from Russia, which is facing sanctions and global backlash due to the Ukraine conflict.According to commodities data and analytics firm Kpler, India's import of crude oil from Russia in March this year so far is nearly four times higher when compared with the corresponding period of last year. India's import of crude oil from Russia stood at around an average of nearly 360,000 barrels a day in the first half of this
03월 21일 09시 03분
SZ’s exports still rank first in China
SHENZHEN’S exports of goods reached 1.92 trillion yuan (US$302 billion) in 2021, up 13.5 percent year on year, ranking first among major Chinese cities for the 29th consecutive year, statistics released by Shenzhen Customs showed yesterday. Total foreign trade including imports reached 3.54 trillion yuan, up 16.2 percent year on year. Data showed that imports climbed up 19.5 percent to 1.62 trillion yuan. In December, the city’s foreign trade reached 385.6 billion yuan, up 25.8 percent, a single month record since April 2013 and showed positive growth for 14 months straight. New records have
01월 21일 10시 01분
LG Chem to build world’s largest cathode material production plant
In order to target the rapidly growing battery material market, LG Chem and Gumi local government agreed to build the world's largest cathode material production plant in Gumi. LG Chem announced on the 11th that it held a groundbreaking ceremony for the Gumi cathode material production plant, which will be applied with Gumi city’s job model, at the Gumi Convention Center located in Gumi, Gyeongsangbuk-do.At the event, President Moon Jae-in, Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki, Minister of Trade, Industry and Energy Moon Seung-wook, Minister of Employment and
01월 12일 09시 01분
NATIONAL
Mineral production rises 4 per cent in March
S. Korea, US, Japan to build data transfer rules with other APEC members to exclude China and Russia
COMPANIES
Maruti Suzuki to invest Rs 20,000 crore in new plant in Haryana
Hyundai Glovis to enter ASEAN logistics market starting with Thai subsidiary
TECH
Hyundai’s Level 5 Ionic 5 to deliver Uber Eats’ food service in US
Motorola phones back in Korea in 9 years
MONEY
Sensex tumbles 1,416 points amid global market meltdown; investors lose Rs 7 lakh cr
Fuel surcharge for international flights hit record high in June
LIFE
SZ celebrates ‘The Power of Museums’
S. Korea’s daily COVID-19 deaths sharply drop
ENTERTAINMENT
Girls’ Generation to make comeback as full group in August after 5 years
aespa named as one of ‘Next Generation Leaders’ by US TIME magazine
OPINION
US President Biden considering DMZ visit when traveling to Korea
Yoon meets foreign envoys from his first day, Xi Jinping invites Yoon to visit China
Best Click
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US President Biden considering DMZ visit when traveling to Korea
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S. Korea ranks 2nd in global semiconductor market
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Hyundai’s Level 5 Ionic 5 to deliver Uber Eats’ food service in US
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Amorepacific employees embezzle corporate fund for stock and coin investment
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Samsung C&T sells Romania solar power plant to focus on North American market