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Hanhwa Systems, a Korean technology solutions provider affiliated with Hanwha Group, said Tuesday that its cybersecurity solution system for ships has been certified by a US-based ship classification society for the first time in Asia. The SecuAider system recently passed a type approval test for “E27 TA” after the American Bureau of Shipping assessed whether the onboard system meets mandatory cyber resilience requirements. The official certificate was awarded to Hanwha Systems on Monday at the
The Ministry of Agriculture, Food and Rural Affairs held a meeting at aT Center in Seoul on Tuesday to discuss strategies for sustaining growth in Korean agricultural and food exports. The meeting centered on expanding exports of K-Food+ -- a category that includes agricultural and food products along with related industries such as smart farming, agricultural equipment and veterinary medicines -- with officials discussing the outlooks of local firms, implementation plans and government support
Strong overseas sales of Korean seaweed products earn a nickname echoing the nation's top export South Korea, where semiconductor exports dominate trade, has found another success story in an edible export -- dried seaweed, or gim in Korean. Dubbed the "black semiconductor" for its rising export performance -- albeit on a smaller scale than its microchip counterpart -- gim has become a vital contributor to the Korean economy and leads the nation’s seafood exports. According to data from the Mini
As Donald Trump assumes office for a second term on Monday, South Korean businesses are bracing for sweeping changes in US trade policies that could thrust them into considerable uncertainty. From potential tariff hikes to aggressive trade strategies and the rollback of green initiatives, Korea’s export-driven companies are gauging the risks and opportunities in the world’s largest economy. Amid these potential disruptions, firms must be equipped with “robust scenarios” and engage effectively wi
South Korea's leading cosmetics original design manufacturer Kolmar Korea announced Tuesday that it has developed a recyclable paper pouch for sheet masks as part of its efforts to lead in global sustainability. The announcement follows the company’s recognition by US weekly magazine Time last November as one of the World’s Best Companies in Sustainable Growth 2025. Ranked 125th globally, Kolmar Korea was the only Korean cosmetics firm to make the list. The new paper pouch, created in partnershi
Hyundai Motor Group announced Tuesday that sales of its top-tier suppliers have surpassed a record 90 trillion won ($62.6 billion), driven largely by the automaker’s global expansion. The group’s 237 first-tier suppliers, most of which are small and medium-sized enterprises, reported combined sales of 90.2 trillion won in 2023. This figure exceeded Hyundai Motor’s own revenue of 78.3 trillion won for the same year and accounted for 66 percent of the combined sales of Hyundai and Kia brands. Incl
Enhanced screening, labor shortages cause check-in delays at award-winning airport Incheon International Airport is grappling with mounting congestion at its departure security checkpoints, as newly introduced screening equipment aimed at enhancing accuracy and efficiency has yet to alleviate recent bottlenecks. Last December, the airport ambitiously unveiled its expanded Terminal 2, transforming it into one of the world's three largest mega-airports, with the capacity to handle 100 million pass
HD Hyundai Electric, an energy solution provider affiliated with shipbuilding giant HD Hyundai, announced investment plans of nearly 4 trillion won, driven by strong sales growth, according to its regular disclosure Monday. The company plans to invest 397 billion won ($272.3 million) to expand production capacities for 765-kilovolt ultra-high-capacity transformers at its plants in Ulsan and Alabama. This marks the largest investment by the company since it became independent from HD Hyundai Heav
South Korean government and battery manufacturing companies have launched a task force to navigate the challenges posed by slowing demand for electric vehicles. According to sources Monday, the Ministry of Trade, Industry and Energy and the Korea Battery Industry Association -- a non-profit organization overseen by the Industry Ministry -- recently attended a task force meeting with manufacturers in the sector. They included Korea's big three battery makers -- LG Energy Solution, Samsung SDI, SK
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