Economy
Business·Industry
Rising Costs and Permitting Delays… 2 Trillion Won Tourism Development Project Faces One Obstacle After Another
Planned investment: 229 billion won; actual disbursement through October of last year: 9.5 billion won. These figures represent the planned investment and actual disbursement for the “Shilla Monogram”…
Business·Industry
PIERS·Yeoncheon Paleolithic Expo… This Week’s Must-See Events
2026 Seoul Summer Beach Water Wave Zone (Photo: Seoul Tourism Foundation)
◇Seoul Summer Beach Attracts 3.22 Million Visitors Over 21 DaysA total of 3.22 million people visited the urban summer fest…
Business·Industry
If Hyundai Motor Union Proceeds with Strike, 70,000 Vehicles Could Be Affected… Timing of Resumed Negotiations Also Unclear
On the 29th of last month, morning shift workers at the Myeongchon Main Gate of Hyundai Motor’s Ulsan Plant in Buk-gu, Ulsan, are leaving work early due to a partial strike. (Photo: Yonhap News)
A…
Business·Industry
Hyundai Motor Union Escalates Strike… Cold Water on Efforts to Narrow Gap with Volkswagen
The Hyundai Motor Company labor union has decided to escalate its strike after failing to bridge the gap on issues such as the “N% performance bonus.” Just as the company is rapidly closing the gap wi…
Business·Industry
New Fabs Line Up One After Another… Will Samsung and Hanwha Engage in a Race to Secure Equipment?
As the government accelerates the development of an 800 trillion won semiconductor cluster in the Honam region, securing semiconductor equipment is emerging as a new variable. With existing investment…
Business·Industry
The Special Act on Semiconductors Took Effect Today… Will Samsung and SK Speed Up Their Fab Construction Plans?
A support system is being launched to accelerate the large-scale semiconductor investments being pursued by SamsungElectronics and SK hynix in Yongin and the Honam region. With the government now able…
Business·Industry
Hankook Tire Reports 58% Increase in Second-Quarter Operating Profit on Strong Sales of High-Value-Added Products
A panoramic view of Hankook Tire’s Technoplex headquarters. (Photo courtesy of Hankook Tire)
HANKOOK TIRE & TECHNOLOGY(161390)reported a significant increase in second-quarter operating profit, dr…
Business·Industry
[Exclusive] LGELECTRONICS HVAC Head Visits Indonesia in the 'Global South'… AI Data Center Alliance
Lee Jae-sung, President and Head of the ES Business Division at LGELECTRONICS, who oversees the company’s heating, ventilation, and air conditioning (HVAC) business, visited Indonesia earlier this mon…
Business·Industry
SAMSUNG SDI CO.,LTD. to Develop Next-Generation Prismatic Batteries with GM… Production to Take Place at Dedicated North American Plant
SAMSUNG SDI CO.,LTD. will jointly develop next-generation prismatic batteries for electric vehicles with General Motors (GM) of the United States, incorporating high-energy-density and fast-charging t…
Business·Industry
Top 10 Companies Account for 55% of Exports… 'Unprecedented Concentration'
The phenomenon of “unprecedented concentration”—in which just 10 companies account for more than half of South Korea’s exports—is intensifying. Following the first quarter, when trade concentration ex…