Korean ESGs: KB Asset Management (KBAM) is Korea’s oldest asset management firm, so news that, at…
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STATS
Source: World Bank
Currency: South Korean wonGDP: 1.619 trillion USD (2018)
GDP per capita: 31,362.75 USD (2018)
GDP growth rate: 2.7% annual change (2018)
GNI per capita: 40,090 PPP dollars (2018)
Gross national income: 2.07 trillion PPP dollars (2018)
Internet users: 95.1% of the population (2017)
SK and Plug Power in hydrogen JV
The SK Group, South Korea’s third-largest conglomerate, has agreed to invest $1.5bn in US-based hydrogen fuel…
POSCO joins steel industry’s hydrogen pioneers
Korean steelmaker POSCO has announced plans to increase its current annual hydrogen production capacity from 7,000…
Suga and Moon sign up to 2050 carbon neutral pledge
Two days after Prime Minister Suga Yoshihide pledged to turn Japan carbon neutral by 2050, President…
Money’s a hit for BTS in S Korean IPO frenzy
It may not have started out about the money, but the seven members of BTS, South…
KIA gears up for EV growth
Kia this week laid bare its ambition to become 'a leading EV brand' and expects 25%…
SE Asian and Chinese manufacturers perk up
Chinese manufacturers and theirJapanese and South Korean counterparts continued their recovery from the fallout of the…
Naver moves servers from Hong Kong to Singapore
South Korea’s internet giant Naver Corp this week became the first major ICT company to formerly…
South Korea and Uzbekistan sign $9bn investment package
As Uzbekistan and South Korea mark the 25th anniversary of official diplomatic ties between the two…
Korean consortium on track to win Canakkale Bridge contract
Turkey looks set to celebrate the 101st anniversary of the Canakkale War – better known to…
South Korea agrees to build $350m terminal for Tashkent airport
Tashkent airport: The South Korean government yesterday agreed to invest $250m in the construction of a new terminal…
SK Networks strikes $1bn deal with Iran’s SAIPA
South Korea’s SK Networks has agreed to procure auto parts and car production materials worth up…
South Korean investors announce plans to buy into Uzbek banking sector
Uzbek banking sector: Investors from South Korea are planning to buy 15% stakes in two Uzbek banks…
Asian budget carriers join forces to set up Value Alliance
Value Alliance: Eight of Asia’s struggling budget carriers – including Singapore Airlines Ltd.’s Scoot subsidiary and Thailand’s…
South Korea’s LG subsidiary to build electric cars in Iran
A subsidiary of South Korea’s LG Corporation has announced it is going to manufacture electric cars…
Russian ferry operator to launch Vladivostok-Shanghai ferry service
Vladivostok-Shanghai ferry service:The Baltic Sea ferry operator – Russia’s largest – is to launch a new cruise service that will run…
World Bank and AIIB sign first co-financing agreement
Jim Yong Kim and Jin Liqun, respectively presidents of the World Bank and AIIB, have signed their…
First train completes Dalian-Kaluga run on New Silk Road route
Dalian-Kaluga: The first freight train to make the journey along the latest New Silk Road intermodal…
BRICS losing their shine with emergence of tech-heavy TICKs
Emerging market fund managers have come across a new acronym to excite them now that the deepening recessions…
China-South Korea FTA to kick in before Christmas
China-South Korea FTA: After three years of negotiations, the free trade agreement between South Korea and China…
K-Water and Rushydro to build Vladivostok hydro plant
Vladivostok hydro plant: The South Korean company K-Water is to help Russia’s RusHydro build a hydroelectric plant and…
India and Korea in $10bn Iranian energy park consortium
Iranian energy park: A consortium of Iranian, Indian and South Korean companies are looking to set up…
Korean Exim bank set to dominate Eastern Economic Forum
Around $70bn worth of contracts and MoUs covering 200 projects – many involving South Korea –…
South Korea signs up to $4.5bn Uzbek petrochemicals project
Uzbek petrochemicals: South Korean President Park Geun-hye and her Uzbek counterpart Islam Karimov have signed an…