SEOUL, Sept. 24 (Yonhap) -- The Korea International Trade Association (KITA) said Wednesday it has established a joint committee with the United Arab Emirates' (UAE) business chamber aimed at expanding economic cooperation between the two countries. KITA and the Federation of UAE Chambers of Commerce and Industry held a launching ceremony of the committee in

SEOUL, Sept. 18 (Yonhap) -- The Korea Trade-Investment Promotion Agency (KOTRA) said Thursday it hosted a cooperative event to facilitate collaboration between South Korean and Japanese battery makers in Aichi prefecture in central Japan. At the 2025 Korea-Japan next-generation battery plaza, some 150 officials from the countries' secondary battery companies and research institutes gathered to

SEOUL, Sept. 8 (Yonhap) -- HD Hyundai Heavy Industries Co. said Monday it has won a 409.5 billion-won (US$292 million) order to build two container carriers for a client in Asia. The ships will be delivered to the undisclosed shipping company by February 2028, the company said in a regulatory filing. HD Hyundai Heavy is

By Kim Na-young BUSAN, Aug. 27 (Yonhap) -- The 2025 World Climate Industry Expo (WCE) kicked off in South Korea on Wednesday under the theme "Energy for AI and AI for Energy," showcasing cutting-edge energy technologies and fostering discussions on the role of energy in the era of artificial intelligence (AI) among global energy leaders,

SEOUL, Aug. 18 (Yonhap) -- South Korean steelmaker POSCO Group said Monday it has signed an initial agreement with India's JSW Group to jointly build a steel plant in India. The two companies recently signed a non-binding heads of agreement (HOA) to construct an integrated steel mill with an annual output capacity of 6 million

SEOUL, Aug. 7 (Yonhap) -- HD Hyundai Co. and Korean Air Co. on Thursday announced separate agreements with U.S. defense technology firm Anduril Industries Inc. to jointly develop unmanned defense platforms, in a push to expand their presences in the field of military systems based on artificial intelligence (AI). HD Hyundai, a South Korean shipbuilding

(ATTN: UPDATES with more comments, details in paras 8-13; ADDS photo) By Kim Eun-jung SEOUL, July 31 (Yonhap) -- President Lee Jae Myung said Thursday a tariff deal reached by South Korea and the United States will help eliminate economic uncertainties for the South's export-reliant economy, voicing relief for clearing a major hurdle in the

SEOUL, July 23 (Yonhap) -- Hyundai Rotem Co., the train manufacturing subsidiary of South Korea's Hyundai Motor Group, has submitted a bid for a new tram project in Warsaw, Poland, marking its latest push into the European urban rail market, industry sources said Wednesday. According to the sources, Hyundai Rotem participated in a tender on

SEOUL, July 18 (Yonhap) -- Samsung Bioepis Co., a biosimilar medicine developer under Samsung Group, said Friday it has signed a partnership with a U.S. company to sell its ophthalmology biosimilars in the United States. The company signed a commercialization agreement with Harrow Inc., a leading U.S. eye care pharmaceutical company, to sell Byooviz and

SEOUL, July 8 (Yonhap) -- Hanwha Ocean Co., a major South Korean shipbuilder, has secured a contract to provide maintenance, repair and overhaul (MRO) services for the U.S. Navy ship Charles Drew, industry sources said Tuesday. The company won the U.S. Navy's regular MRO project for the Charles Drew, a dry cargo and ammunition ship