Samsung chief travels to China first time in 3 years, meets with key officials

Samsung Electronics Chairman Lee Jae-yong visited China for the first time in three years and attended the China Development Forum in Beijing, where he met with heads of major tech firms including Apple CEO Tim Cook and Qualcomm CEO Cristiano Amon. They discussed various agendas, including global management issues, future industry trends and mid- to long-term cooperation. […]

Indonesia seeks Korean support for upgrading healthcare system

Indonesia’s health minister, Budi Gunadi Sadikin, has pledged to support South Korean firms’ business expansion in Indonesia’s healthcare market. During a business session attended by executive members of Korea’s leading pharmaceutical and biotech firms, he said that Indonesia, currently the world’s fourth-most populous country has a fast-growing population that is expected to reach 300 million […]

Innospace opens new era for space sector

South Korean startup Innospace has launched its Hanbit-TLV space rocket vehicle, which it claims is the world’s first successful hybrid rocket. Following three previously failed attempts, the Hanbit-TLV was launched from the Alcantara Space Center in Brazil on 21 March, and flew for around four and a half minutes before landing safely in Brazilian waters. […]

Daewoo E&C seeks bigger presence in Iraq

Daewoo Engineering & Construction is aiming to help other South Korean construction firms enter Iraq by leading a project to build the country’s largest port, Al Faw. The firm is currently constructing infrastructure and terminals at the port and is part of a consortium formed with Busan Port Authority and SM Line Gyeong-In Terminal. The […]