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

By Kim Seung-yeon SEOUL, July 31 (Yonhap) -- SKC Co. said Monday it is teaming up with Japan's Toyota Tsusho Corp. for a joint venture to produce and supply battery-grade copper foil in North America, advancing into the world's most burgeoning electric vehicle (EV) market. Under the memorandum of understanding, SK Nexilis Co., SKC's copper

SEOUL, July 14 (Yonhap) -- South Korea and Latvia discussed ways Friday to strengthen relations in trade, investment and advanced industry sectors, Seoul's industry ministry said. First Vice Industry Minister Jang Young-jin met with Latvia's economic minister, Ilze Indriksone, in Seoul and discussed how to boost bilateral trade, bio and other industry cooperation, according to

SEOUL, July 16 (Yonhap) -- Lotte Energy Materials Corp. said Sunday it has signed a deal to make a 7.9 billion-won (US$6.2 million) equity investment in a French electric vehicle battery materials startup as part of its plans to enter the next-generation silicon anode market. In an investment agreement signed Friday, Lotte Energy Materials, the

SEOUL, May 19 (Yonhap) -- LG Energy Solution Ltd. (LGES) said Friday it has signed an investment agreement with an Australian lithium developer in an effort to bolster the sourcing of the critical mineral used in electric vehicle (EV) batteries. Under the agreement signed with Green Technology Metals Ltd., LGES will acquire an approximately 7.89

SEOUL, May 11 (Yonhap) -- South Korea and Zimbabwe have agreed to push for talks on signing a trade and investment agreement to strengthen bilateral economic and industry ties, Seoul's industry ministry said Thursday. Trade Minister Ahn Duk-geun made the proposal to clinch the Trade and Investment Framework (TIPF) during a meeting with Zimbabwe's President

From left: Trade Minister Lee Chang-yang, Matthias Heinzel, a member of Merck's executive board and CEO of its Life Science business, and Daejeon Mayor Lee Jang-woo pose for a picture at a signing ceremony held in Daejeon. (Merck) Merck, a leading science and technology company based in Germany, said Wednesday it plans to build a