1+ hour, 36+ min ago   (217+ words) Includes 27-hole golf course, 968 rooms, marine facilities; 1.1M visitors, 1,270 jobs expected A complex resort and tourism complex worth 500 billion Korean won will be developed in the Geojin-eup area of Goseong County, Gangwon Province. The Gangwon Provincial Government signed an investment agreement…...

1+ day, 9+ hour ago   (267+ words) The Industrial Bank of Korea (IBK)’s Chinese subsidiary has been revealed to have suffered a financial accident of around 80 billion Korean won during a non-face-to-face loan process linked with a local financial institution. IBK publicly disclosed the scale of…...

2+ day, 6+ hour ago   (213+ words) Non-financial companies' net dollar sales surge to $186.9B in H1, easing won's decline Non-financial private companies refer to entities excluding financial institutions and public enterprises. Their net dollar sales indicate an increase in dollar supply to the foreign exchange market. A rise…...

4+ day, 4+ hour ago   (294+ words) Ulsan City has identified energy institutions, the Industrial Bank of Korea (IBK), and the integrated headquarters of power generation public enterprises as key targets for relocation ahead of the government’s second public institution relocation announcement and is actively competing to…...

4+ day, 8+ hour ago   (223+ words) South Korea to utilize semiconductor tax revenue for strategic investments in youth, AI, and growth technologies The Ministry of Planning and Budget announced on the 21st during the 1st Fiscal Management Strategy Meeting that it will establish a Future Response Fund, utilizing…...

4+ day, 18+ hour ago   (188+ words) Support team fast-tracks approvals, anticipating 150,000 population boost and 30 billion won tax revenue - A semiconductor support team was created. - How will Gwangsan District change? - Is it suitable for semiconductor facilities? “The site of Gwangju Airport is a sufficiently large and flat…...

4+ day, 18+ hour ago   (219+ words) Companies focus on obesity, fibrosis treatments amid government push for new drugs Domestic pharmaceutical companies are expanding their research and development (R&D) investments this year. They are pouring money earned overseas into new drug development to strengthen their foundational capabilities....

5+ day, 1+ hour ago   (268+ words) The won has also shown relative strength against the yen. On August 20, the won-yen exchange rate stood at 878.56 Korean won per 100 Japanese yen. On August 19, it dropped to around 876 Korean won per 100 Japanese yen, the lowest level in two years…...

5+ day, 18+ hour ago   (188+ words) Hanwha targets Spain's 4.55B euro project and Saudi Arabia's modernization Hanwha Aerospace has broken into the U.S. market, long considered a high barrier, further boosting the global standing and export performance of the K9 self-propelled howitzer, now the most widely used in the…...

6+ day, 3+ hour ago   (402+ words) Funds redirected to elderly care, school meal support, and income aid for farmers amid fiscal restructuring Gyeonggi Province announced on the 19th that it has compiled an additional supplementary budget plan involving fiscal restructuring, including a reduction of 546.5 billion Korean won…...