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Protecting forests -- the lungs of our planet -- seems no longer a matter of choice in the face of intensifying climate crises worldwide. To tackle these challenges, Nam Song-hee, director general of the International Forest Affairs Bureau of the Korea Forest Service, drew attention to the Reducing Emissions from Deforestation and Forest Degradation Plus, or REDD+, a forest conservation initiative under the United Nations Framework Convention on Climate Change. Designed to combat climate change
High-ranking delegates from Korean shipbuilder Hanwha Ocean met with Indian shipbuilding authorities, raising expectations of potential collaboration to boost India’s shipbuilding industry. India’s Ministry of Ports, Shipping and Waterways announced Wednesday on social media that Hanwha's delegation led by Senior Vice President Lee Jin-su visited the ministry's Secretary Shri T.K. Ramachandran to discuss opportunities for strengthening partnerships between the company and Indian shipyards. The m
Agreement expected to clear hurdle for Korea to successfully ink contract for Czech nuclear power plant bid Korea Hydro & Nuclear Power and Korea Electric Power Corp. have reached a settlement with Westinghouse, a US nuclear power firm, over an intellectual property dispute, bolstering the group's chances to successfully secure a contract with the Czech Republic to build two nuclear reactors there. According to the two Korean state-run energy companies on Friday, they decided to come to an agree
South Korean design software developer ZYX Technology announced Friday that it has signed a memorandum of understanding with Pusan National University to provide ZYX CAD licenses valued at approximately $10 million. As part of the three-year agreement, the company will supply instructional licenses to students and faculty to foster future software talent in the nation’s second-largest city. ZYX CAD is computer-aided design software available through the Korean Public Procurement Service. Compati
South Korean discount chain Homeplus announced Friday that it would offer holiday gift sets for Seollal at up to 50 percent off for two weeks from Thursday through Jan. 30. Preorders, which began on Dec. 12, drove overall sales growth of more than 20 percent, supported by a 46 percent increase in alcoholic beverages, a 48 percent rise in confectionery and teas, a 24 percent boost in fishery products and a 13 percent increase in fruits. Notably, sales of fruits such as Shine Muscat grapes, kiwis
Korean sport utility vehicle manufacturer KG Mobility was awarded by Turkey’s mobility association for its exceptional growth in the country last year, the company said Friday. Turkey's Automotive Distributors and Mobility Association, or ODMD, honored KG Mobility as the "Fastest Growing Light Commercial Vehicle Brand and Car Brand" as part of its annual recognition of outstanding car brands operating in Turkey. KG Mobility sold 11,870 units in the country last year, a five-fold jump compared to
Korean automaker plans to expand new car’s availability across Asia Pacific, Latin America and Middle Eastern regions Kia has begun mass production of the Syros, a new sport utility vehicle specifically developed to fill the needs of customers in India, as the Korean automaker aims to expand its presence in the world’s third-largest auto market. According to Kia, the automaker held the rollout ceremony at its Anantapur plant in Andhra Pradesh, India, Thursday, following the world premiere of the
Coupang founder and CEO Bom Kim will attend US President-elect Donald Trump's inauguration ceremony in Washington, DC, on Jan. 20, according to industry sources Thursday. Kim, who leads the New York-listed e-commerce giant, received an official invitation to the event, sources said, and will participate in the inaugural ball afterward. He did not attend Trump's first inauguration. During these events, he is expected to engage in discussions with key figures on economic cooperation between Korea
A handful of proxy advisory firms here and abroad have endorsed Korea Zinc’s proposal for an extraordinary general shareholders meeting next week, supporting the current leadership of the world’s largest zinc smelter amid its fierce takeover battle with the MBK Partners-Young Poong alliance. Most of the proposals by Korea Zinc's board have won the backing of Glass Lewis, a US-based leading global proxy advisory firm, and other Korean advisers, including Korea ESG Research Institute, Sustinvest a
Doosan Enerbility subsidiary expected to serve as outpost for European nuclear power deals Doosan Skoda Power, the turbine subsidiary of Korean nuclear power plant builder Doosan Enerbility, is eyeing an initial public offering on the Prague stock exchange in the Czech Republic, as Doosan aims to score more overseas contracts amid rising demand for energy in Europe. Doosan Skoda Power held an intention-to-float, or ITF, meeting with local media and stakeholders of the related industry in Prague
Despite strong 2024, Shinhan Financial’s profit dips in Q4
Use of facial recognition grows in Korean finance, with Toss in lead
Top hotel chains eye Hilton Seoul redevelopment
LG CNS posts record profit in 2024
LG CNS becomes Korea’s first SAP Asia-Pacific strategic services partner
KB Financial logs industry's first W5tr annual earnings