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Fri, June 2, 2023 | 23:49
Busan to hold large-scale fireworks event for Expo bid
A large-scale maritime fireworks display will take place over Gwangalli Beach in Busan, April 6, as part of the city's efforts to promote its bid to host the World Expo 2030 during the Bureau International des Expositions (BIE) due diligence team's visit to the southeastern port city, according to city officials, Monday. Busan is set to attract 1 million people to the firewor...
Korean biz leaders pitch Expo bid for BIE mission
Korean business leaders held a welcome luncheon for the Bureau International des Expositions (BIE) inspection team, Monday, to convey the firm will of the Korean business community to host the event in 2030.“We warmly welcome the BIE inspection team to Korea. A tough process is expected, but Korea and Busan are ready,” Chey Tae-won, co-chair of the Bid Committee for World Exp...
Public-private 'One Team' strategy key to Busan's Expo campaign
Korea's government and private sector are cooperating closely to win the contest to host the World Expo 2030 in Busan. They have been busy preparing for the Bureau International des Expositions (BIE) inspection team, which arrived in the country, Sunday, to check on the preparations status for the Expo.
[CONTRIBUTION]Radical approach needed to tackle sluggish exports: KITA vice chairman
Recently, Korea's trade deficits hit an all-time high as its exports continue to struggle. In February this year, Korea's exports had fallen 12.1 percent year-on-year to $96.4 billion while imports grew by 0.2 percent year-on-year to $114.3 billion, resulting in a trade deficit of $18 billion. In response, the Korean government has employed various measures to boost its expor...
Carmakers unveil latest models at Seoul Mobility Show
The 2030 Seoul Mobility Show, the country's largest mobility industry exhibition, will showcase 21 of the latest models from major carmakers to the public for the first time. A press event was held Thursday, a day before the launch of the event, which will run through April 9 at Kintex Exhibition Center 1 in Goyang, Gyeonggi Province.
LX Hausys inks strategic alliance with Reynaers for high-end home windows market
LX Hausys is joining hands with Belgian aluminum window company Reynaers to accelerate its advance into the domestic high-end aluminum window market, according to the company, Wednesday. The two firms signed a strategic partnership at the Korean company's headquarters in Seoul, with LX Hausys CEO Han Myeung-Ho and Reynaers Vice Chairman Andreas Wilsdorf in attendance.
BMW launches new XM
BMW Korea held a ceremony in Korea, Tuesday, launching the XM, which it describes as an ultra-high-performance sports activity vehicle (SAV). BMW introduced the legendary M1 sports coupe in 1978 and the XM is the first plug-in hybrid electric vehicle (PHEV) in the M high-performance lineup.
KITA vice chairman paints bleak picture of Korea's exports this year
Korea's exports will likely contract by as much as 9 percent this year, if semiconductor makers and other major exporters continue to face a decline in demand for their products overseas amid a deepening global economic downturn, according to the Korea International Trade Association (KITA), Tuesday.
POSCO's 135-day Pohang plant recovery dubbed 'miracle'
Pohang - POSCO's fully restored Pohang Works was busier than ever, just six months after the devastation of Typhoon Hinnamnor, which flooded key facilities and forced the company to halt operations for the first time in 49 years. On Sept. 6, 2022, the steel mill was flooded with water due to the super typhoon, but just 135 days later, the plant is once again in full swing pro...
LS constructs nickel sulfate plant in Asan to bolster EV battery materials output
LS Group completed construction of a nickel sulfate plant, strengthening its next-generation battery core material business. LS said, Monday, that the plant, located in Asan, South Chungcheong Province and operated with affiliate Toricom, is capable of producing 5,000 tons of the key material for electric vehicle (EV) batteries.
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