SEOUL, June 4 (Yonhap) -- South Korea has won a US$2.8 billion deal to develop an offshore facility for liquefied natural gas (LNG) in the United States, the Seoul government said Thursday. Under the deal, a team comprising the South Korean government, public institutions and private companies won a contract to build one unit of

SEOUL, May 26 (Yonhap) -- South Korea will work to open a regular shipping route connecting the country with Europe through the Arctic region in 2030 under a broader government initiative aimed at transforming the southeastern region into a global maritime hub, the oceans ministry said Tuesday. The government has been pushing to develop the

SEOUL, May 19 (Yonhap) -- South Korean battery maker LG Energy Solutions Ltd. said Tuesday it has joined hands with Japan's Honda Motor Co. to expand their joint footprint in the Vietnamese electric-powered motorcycle market. The South Korean battery maker signed a memorandum of understanding (MOU) with Honda and the city government of Hanoi to

SEOUL, May 11 (Yonhap) -- India can serve as a prominent manufacturing and export hub for South Korea amid recent shifts in global supply chains, local experts said Monday, as Seoul is pushing to deepen its economic ties with the world's most populous nation. In a meeting with Industry Minister Kim Jung-kwan, experts at major

SEOUL, May 4 (Yonhap) -- South Korea and Pakistan will begin the first round of negotiations Monday on a bilateral Comprehensive Economic Partnership Agreement (CEPA) aimed at boosting trade and investment, Seoul's trade ministry said. Kim Jang-hee, director general for Trade Agreement Negotiations, and his Pakistani counterpart, Nasir Hamid, will hold four days of virtual

SEOUL, April 27 (Yonhap) Seoul stocks shattered a new record Monday, to close at a fresh high, boosted by an artificial intelligence (AI)-led chip and power equipment rally, ahead of upcoming earnings releases from global big tech companies. The Korean won rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) closed

SEOUL, April 20 (Yonhap) -- South Korean chemical companies on Monday pledged to cooperate with the government to help stabilize supply chains in the face of heightened tensions in the Middle East. The Korea Chemical Industry Association (KCIA) issued a joint statement reaffirming its commitment to ensuring an uninterrupted supply of essential materials to the

Industry Minister Kim Jung-kwan said Sunday that Saudi Arabia has promised to prioritize oil shipments to South Korea as Seoul seeks an alternative route through the Red Sea. Authorities in Seoul are pushing to dispatch five Korean-flagged vessels to the Saudi port city of Yanbu on the Red Sea coast to help establish alternative supply

SEOUL, April 3 (Yonhap) -- South Korean and French businesses on Friday vowed to expand exchanges in emerging areas, including the bio, carbon-free and technology sectors, as the two countries celebrate the 140th anniversary of diplomatic ties in 2026. Leading cmpanies of the two countries gathered in Seoul for the Korea-France Business Dialogue for Our

LG Chem Ltd., South Korea's leading chemical company, said Monday it aims to double sales in its high-end electronic materials business to 2 trillion won (US$1.3 billion) by 2030, positioning the segment as a key growth driver. The plan targets rising demand for value-added materials used in artificial intelligence (AI) semiconductors, autonomous driving systems and