Korea Joongang Daily
Korea JoongAng Daily

Korea to spend 830 billion won on industrial technology development in 2026

Korea plans to spend 830 billion won ($561.2 million) on the research and development (R&D) of industrial technologies next year as part of efforts to bolster the country's competitiveness.

2025-04-10

Korea and Vietnam discuss easing trade tensions and expanding cooperation

Korea and Vietnam held talks Wednesday to discuss ways to ease trade disputes and expand cooperation between the two nations, the industry ministry said.

2024-11-06

Japan's Toray, Gumi sign $366 million MOU on fiber, film facilities

Toray Industries signed a memorandum of understanding with the city of Gumi, province of North Gyeongsang and the Industry Ministry on a 500 billion won investment in facility construction.

2024-05-22

Minister nominee blames nuclear phaseout for Kepco debt

Minister nominee Bang Moon-kyu blames the previous administration's nuclear phaseout and crude oil price hikes for Korea Electric Power Corporation's mounting debt.

2023-09-13

Korea aims to become biopharm product powerhouse

Korea aims to become a global leading manufacturing powerhouse for biopharmaceutical products and hit $50 billion in bio-related sector exports by 2030.

2023-07-19

Bioindustry output jumps over 20% in 2021 on robust exports

The Korean bioindustry's output surged more than 20 percent in 2021 from a year earlier on the back of brisk exports amid the coronavirus pandemic, data showed Thursday

2022-12-15

Korea, India to resume talks on upgrading trade pact

Korea and India were to hold a new round of negotiations Thursday to upgrade their bilateral trade pact after a three-year hiatus, Seoul's Trade Ministry said.

2022-11-03

Largest-ever Korea Sale Festa to kick off next week amid high inflation

The largest-ever annual shopping event in Korea will take place next week amid the government's effort to curb high prices and boost private spending, the Industry Ministry said Wednesday.

2022-10-26

Auto exports jump 35% in September on popularity of eco-friendly cars

Korea's car exports jumped 34.7 percent on-year in September on brisk demand for eco-friendly cars, data showed Friday. The value of outbound shipments of automobiles came to $4.79 billion last month, the largest ever for any September...

2022-10-14

17 Korean companies selected for government's business support program

Seventeen more Korean companies have been included in a government program that will provide financial support and consulting to transitioning businesses.

2022-10-12