-
Dec 3, 2024 | 
kedglobal.com | Yong-Hee Kwak |Yeong-Hyo Jeong
The South Korean government plans to revamp its employment authorization system to allow foreign workers to stay in the country longer. Foreign workers on E-9 visas can stay in South Korea for 10 years or more without leaving, and foreign students can convert to E-9 workers and stay longer.
-
Dec 1, 2024 | 
kedglobal.com | Jung-hwan Hwang |Yeong-Hyo Jeong
South Korea’s export growth fell to a 14-month low in November with shipments to the world’s two biggest markets the US and China down, adding to expectations that the central bank is likely to cut interest rates further to prop up Asia’s fourth-largest economy. Exports rose 1.4% to $56.4 billion last month from a year earlier, the slowest pace since September 2023 when overseas sales fell 4.4%, data from the Ministry of Trade, Industry and Energy showed on Sunday.
-
Nov 24, 2024 | 
kedglobal.com | Chae-yeon Kim |Yeong-Hyo Jeong
LS Electric Co., a South Korean industrial energy facility and systems supplier, is expected to sign a 500 billion won ($358 million) deal with a GE-KEPCO joint venture to build a high voltage direct current (HVDC) converter transformer system in what would be its biggest HVDC transformer deal.
-
Nov 19, 2024 | 
kedglobal.com | Hyung-kyu Kim |Yeong-Hyo Jeong
South Korea has designated Korea Zinc Inc.'s precursor manufacturing process as a national core technology and advanced industrial technology, effectively prev
-
Nov 18, 2024 | 
kedglobal.com | Hyung-kyu Kim |Yeong-Hyo Jeong
South Korea has designated Korea Zinc Inc.'s precursor manufacturing process as a national core technology and advanced industrial technology, effectively preventing foreign capital from acquiring the technology without government approval. Korea Zinc, the world’s largest lead and zinc smelter said it has obtained the approval from the Ministry of Trade, Industry and Energy. A precursor is an ingredient of a cathode, one of four key materials of an electric vehicle battery.
-
Nov 1, 2024 | 
kedglobal.com | Yeong-Hyo Jeong
South Korea’s export growth slowed to a seven-month low in October despite strong shipments of semiconductors and automobiles, adding to concerns that Asia’s fourth-largest economy is losing momentum amid the growing uncertainties over the US presidential election and geopolitical tensions. Exports rose 4.6% to $57.5 billion in October from a year earlier, extending their rising streak to 13 months, data from the Ministry of Trade, Industry and Energy on Friday.
-
Oct 28, 2024 | 
kedglobal.com | Yeong-Hyo Jeong
Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, was shortlisted as a final candidate for a renewable energy project in Saudi Arabia, with a total project cost of around 3 trillion won ($2.2 billion). According to the power industry, on Monday, KEPCO became a final candidate for three out of four solar projects under the Fifth National Renewable Energy Program (NREP), announced by the Saudi Power Procurement Company (SPPC).
-
Oct 6, 2024 | 
kedglobal.com | Jung-hwan Hwang |Yeong-Hyo Jeong
Reshoring, or a corporate U-turn to the home country from an overseas location, has been the global trend since the outbreak of the COVID-19 pandemic amid the escalating US-China trade conflict. Governments around the globe offered generous incentives and tax breaks to welcome their companies back home, resulting in growing numbers of companies creating jobs in their home countries.
-
Oct 2, 2024 | 
kedglobal.com | Yeong-Hyo Jeong |Eun-Yi Ko
South Korea’s antitrust body fined Kakao Mobility Corp., the country’s largest taxi-hailing app operator, 72.4 billion won ($54.9 million) and filed a complaint against the unit of platform giant Kakao Corp. with the prosecution for allegedly violating competition laws.
-
Sep 10, 2024 | 
kedglobal.com | Yeong-Hyo Jeong
Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, said on Tuesday that it signed a cooperation agreement for the joint promotion of the 765 kV transmission network construction project and related new business ventures with Burns & McDonnell.
