Hyosung Heavy Industries locks in first Australian ESS project

Hyosung Heavy Industries has secured its first energy storage system (ESS) construction project in Australia, the company said Thursday.

2026-03-12

Seoul to break ground on massive exhibition and sports complex in Jamsil this year

A massive exhibition and convention complex about 2.5 times the size of Coex will be built in Jamsil in Songpa District, southern Seoul. The project will also include Korea’s largest domed baseball stadium, seating 30,000 fans.

2026-03-11

'What we want also is a car plant': Canadian industry minister urges auto factory-for-navy sub deal

Canadian Industry Minister Mélanie Joly has stressed that her government wants an automobile plant built in Canada in exchange for awarding its next-generation submarine contract to Korea.

2026-02-24

Hyundai Motor, Lacma partnership extended until 2037

Hyundai Motor said Tuesday it has extended its partnership with the Los Angeles County Museum of Art (Lacma) until 2037 as part of the company's initiative to expand cultural collaborations.

2026-02-24

North Korea launches fifth stage of housing construction in Pyongyang as ruling party congress approaches

North Korea has launched the fifth-stage construction of its housing development project in Pyongyang, state media reported Thursday, just days after the completion of the fourth stage.

2026-02-19

Industry minister vows support for Czech Republic's Korea-led nuclear plant project

Korea's industry minister reaffirmed Seoul's support for the smooth completion of a Korea-led nuclear power plant construction project in the Czech Republic as he congratulated the new prime minister of the European country.

2026-02-18

Trump announces three Japanese investment projects

U.S. President Donald Trump announced the first set of Japan's investment projects in the United States as part of the Asian country's $550 billion commitment under a bilateral trade deal, as Korea takes steps to fulfill its own investment pledge.

2026-02-18

Helping Canada's car sector would be 'good place to start' in submarine bid: Ottawa's defense procurement chief

Canada's top point man on defense procurement has proposed that Korea offer measures to support Ottawa's faltering auto industry as part of a package deal to clinch Canada's landmark naval submarine project.

2026-02-08

Presidential chief of staff to meet again with Canadian defense procurement chief for submarine project

Presidential chief of staff Kang Hoon-sik will meet again with Stephen Fuhr, Canada’s secretary of state for defense procurement, as Korea steps up efforts to secure Canada’s multibillion-dollar submarine project.

2026-02-05

Gov't to ease public sector limits as part of rare earth supply chain plan

The government has decided to ease restrictions on public sector participation in overseas resource development, in a bid to strengthen supply chains for rare earths and other critical minerals after years of limits.