SEOUL, Dec. 4 (Yonhap) -- South Korea's industry ministry on Wednesday hosted an investment dialogue with Kyrgyzstan to discuss strategies for expanding ties in a wide range of areas, including energy and key minerals. The event, aimed at exploring potential cooperation for investment, came during a three-day official visit by Kyrgyz President Sadyr Japarov

SEOUL, Oct. 16 (Yonhap) -- The state-run Korea Trade Insurance Corp. said Wednesday that it has granted trade finance of US$1.35 billion to Hyundai Motor Co. for the ongoing construction of an electric vehicle plant in the U.S. state of Georgia. The financial support is aimed at assisting the construction of the EV plant in

  SEOUL, Nov. 21 (Yonhap) -- HMM Co., South Korea's top container shipper, said Thursday it has adopted a liquefied natural gas (LNG)-fueled container ship for the first time in the country as part of efforts to achieve carbon neutrality. HMM adopted two carriers, named HMM Ocean and HMM Sky, which use LNG and traditional

SEOUL, Nov. 15 (Yonhap) -- Samsung Engineers & AHEAD (Samsung E&A), formerly Samsung Engineering Co., said Friday it has received a 301.9 billion-won (US$215 million) deal to build a petrochemical plant in Qatar. Samsung E&A has set up a joint firm with Taiwan's engineering services provider CTCI Corp. to obtain the deal from Ras Laffan

  SEOUL, Nov. 8 (Yonhap) -- South Korea's leading battery maker LG Energy Solution (LGES) said Friday it has clinched a deal to supply electric vehicle batteries to U.S. automotive manufacturer Rivian. Under the deal, LGES will provide Rivian with its advanced 4695 cylindrical batteries, totaling 67 gigawatt hours, for over five years, according to

SEOUL, Oct. 31 (Yonhap) -- Samsung Electronics Co. on Thursday hinted at the possibility of supplying its advanced high bandwidth memory (HBM) chips to U.S. AI giant Nvidia in the near future. The South Korean tech giant has been struggling to have its HBM3E chips pass Nvidia's quality tests, while its local chipmaking rival SK

SEOUL, Oct. 25 (Yonhap) -- Kim Dong-kwan, vice chairman of Hanwha Group, has reaffirmed the group's commitment to enhancing its partnership with the U.S. Navy while meeting with the chief of the U.S. Pacific Fleet, the company said Friday. Kim met with Adm. Steve Koehler, commander of the U.S. Pacific Fleet, on Thursday to discuss

Finance Minister Choi Sang-mok (center) speaks during a meeting with economy-related ministers including SMEs and Startups Minister Oh Young-ju (left) and First Vice Science Minister Lee Chang-yune (right) at the government complex in Seoul, Wednesday. (Yonhap) The South Korean government will inject 8.8 trillion won ($6.45 billion) next year to advance the country’s semiconductor ecosystem

SEOUL, Oct. 10 (Yonhap) -- German-based tech company Merck on Thursday launched a new research and development (R&D) center for a key semiconductor material for artificial intelligence (AI) chips in South Korea in a bid to respond quickly to customer needs here. The Korea Spin-on-Dielectric (SOD) Application Center, located in Anseong, 65 kilometers south of

SEOUL, Oct. 2 (Yonhap) -- Samsung Heavy Industries Co., the world's third-largest shipbuilder by orders, said Wednesday it has received a 678.3 billion-won (US$514 million) liquefied natural gas (LNG) order. Samsung Heavy has obtained the deal from an unidentified shipper in Asia and plans to deliver the LNG ships by April 2027, the company said