By Oh Seok-min SEOUL, May 13 (Yonhap) -- South Korea and Malaysia extended their currency swap agreement for a period of three years Monday, Seoul's finance ministry said. Under the renewed deal, the central banks of the two nations were allowed to exchange up to 5 trillion won (US$3.65 billion), or 15 billion Malaysian ringgits,

SEOUL, May 12 (Yonhap) -- GS Inima Environment, a unit of South Korean builder GS Engineering & Construction Co., will sign a 2.4 trillion-won (US$1.7 billion) deal with the Oman government to build a desalination facility by 2027, the environment ministry said Sunday. GS Inima will sign the contract with Oman Power & Water Procurement

  SEOUL, May 13 (Yonhap) -- Business leaders of South Korea, Japan and China plan to convene in Seoul this month to discuss regional economic cooperation and strengthen exchanges, according to industry sources Monday. According to the sources, the Korea Chamber of Commerce and Industries, the Japan Business Federation and the China Council for the

  SEOUL, Nov. 3 (Yonhap) -- Hyundai Motor Group said Friday it hosted an annual mobility forum in Silicon Valley, bringing together key figures from cutting-edge mobility companies and government officials to share ideas of the future of the industry. Under the theme titled "Re-Vision & Re-Value," the group's Mobility Innovators Forum 2023 was held

SEOUL, Nov. 5 (Yonhap) -- South Korea is set to take part in a new round of negotiations on the United States-led Indo-Pacific Economic Framework (IPEF) to be held in San Francisco this week, according to Seoul officials Sunday. The seventh round of IPEF talks, which will take place less than two weeks after the

SEOUL, Oct. 29 (Yonhap) -- South Korean Industry Minister Bang Moon-kyu will make a trip to Chile and Trinidad and Tobago to expand economic cooperation in the fields of battery materials and renewable energy, the ministry said Sunday. The minister left the country Saturday to visit the two countries as a special president envoy. In

SEOUL, Oct. 30 (Yonhap) -- The board of Asiana Airlines Inc., South Korea's second-largest air carrier, plans to decide Monday on whether to sell its cargo business, as Korean Air Co. seeks to win antitrust approval from European Union regulators for its takeover of the rival. The EU antitrust regulators have raised concerns that Korean

SEOUL, Aug. 24 (Yonhap) -- South Korean builder POSCO E&C Co. said Thursday it has signed an initial agreement with Norway's state energy firm Equinor on cooperation in a massive floating wind farm project off the southeastern port of Ulsan. The memorandum of understanding (MOU) calls for bilateral collaboration in the construction and development of

SEOUL, Aug. 24 (Yonhap) -- SK bioscience Co. said Thursday it has reached a deal with Vaxxas, an Australian biotechnology company, to jointly develop a new patch-type typhoid vaccine. The global charitable foundation Wellcome will fund the collaboration for the first two years, awarding US$3.67 million to conduct the first-phase clinical trial, according to SK

SEOUL, July 31 (Yonhap) -- South Korea's industry chief met with a visiting U.S. congressional delegation Monday, and discussed bilateral trade and industry issues, including the Inflation Reduction Act (IRA) and the Chips and Science Act, Seoul's industry ministry said. The eight-member bipartisan delegation came to South Korea for talks on various trade and industry