[India Forum] Herald joins hands with India's FISME to empower SMEs

NEW DELHI -- Herald Media Group has inked an agreement with India's largest organization of micro, small and medium enterprises to promote the exchange and cooperation of Indian and Korean SMEs. Herald Media Group CEO Choi Jin-young and Sandeep Kishore Jain, the president of the Federation of Indian Micro and Small & Medium Enterprises, signed a memorandum of understanding during a business roundtable at Yashobhoomi, a convention and exhibition center in Dwarka, Delhi, on Friday. The

Nov. 26, 2024

[India Forum] KoINDEX offers glimpse into Korea's commitment to India

NEW DELHI -- Indian employees at Korean conglomerates, including LG Electronics, Hyundai Motors and Orion, enthusiastically showcased their new technology and latest products at an industrial exhibition commemorating the 51st anniversary of diplomatic ties between Korea and India. KoINDEX, with G-FAIR 2024, gathered more than 600 exhibitors with over 3,000 booths from India and Korea to create new business opportunities at the Yashobhoomi convention center in Delhi, India, from Nov. 21-23. LG El

Nov. 26, 2024

[India Forum] Creating synergy with local development know-how

NEW DELHI -- Going beyond its home turf, Korean builder Daewoo Engineering & Construction is looking for further expansion in overseas markets and India’s residential property market presents a growth opportunity to achieve its goal. “Daewoo E&C expects our entry into the Indian real estate market to be an excellent opportunity to open up greater possibilities for both countries,” Han Seung, the chief global business officer at Daewoo E&C said during the India-Kor

Nov. 26, 2024

[India Forum] Korea, India seek to maximize synergy at Delhi business forum

NEW DELHI -- South Korea and India have significant untapped potential for developing trade and economic cooperation in a wide range of areas, experts said at a forum in India on Friday. To commemorate the 51st anniversary of diplomatic relations between Korea and India, the Korea-India Business Partnership Forum took place at Yashobhoomi in New Delhi, with more than 600 government officials, business leaders, and cultural and artistic figures from both countries in attendance. A complementary m

Nov. 26, 2024

Cap-forum attendees

Key attendees of the India-Korea Business Partnership Forum pose for a photo at the Yashobhoomi convention center in New Delhi, India on Friday. From left are Korea Housing Builders Association former Chairman Park Jae-hong, Korea Housing Builders Association’s Seoul Branch Chairman Hong Geung-sun, JEI University President Lee Nam-sik, CII Korea Council Chairman Shiv Siddhant Kaul, Goyang Mayor Lee Dong-hwan, Vice Governor for Administrative Affairs of Gyeonggi Province Kim Seong-jung, Kor

Nov. 26, 2024

Korea's space development to hit wall without private sector initiative: report

The private sector should take the initiative in South Korea’s space development, currently led by state-run institutes, and foster the ground equipment and satellite communication service industries for the country to ascend as a space powerhouse, a report suggested Tuesday. The Federation of Korean Industries, a Korean business group, examined the current status of the aerospace industry and suggested development plans through a report commissioned by Kwak Shin-woong, a professor at Kook

Nov. 19, 2024

Korea Zinc buyout could jeopardize high-tech supply chains: sources

Young Poong’s bid to buy Korea Zinc has been met with concerns that the takeover of the world’s largest zinc smelter could erode its position in the global markets and cause high-tech supply disruptions. Industry watchers have cast doubt over the ability of Young Poong and private equity firm MBK Partners to run Korea Zinc, which exerts negotiation power in setting global zinc prices. “Based on Korea Zinc’s track record in the zinc smelting market, which has been built

Nov. 18, 2024

Korea to take action if currency falls more

South Korea’s finance minister warned against excessively volatile currency moves on Thursday, vowing to take swift action if needed amid the rapid depreciation of the Korean currency against the US dollar. Financial authorities will bolster efforts to stabilize the financial and foreign exchange market experiencing continued fluctuation stemming from uncertainties over major anticipated US policy shifts as Donald Trump won a second term in the White House. “As uncertainties remain

Nov. 14, 2024

Young Poong's violations cast doubt on Korea Zinc bid

Young Poong, the world’s sixth-largest zinc smelter, has been ordered to close down its refinery facility for two months for discharging polluted wastewater without authorization, posing a possible setback in its attempt to take ownership control of Korea Zinc, its affiliate and the world’s largest zinc producer. Earlier this month, the Supreme Court dismissed Young Poong’s request to nullify an administrative order to shut down its Seokpo refinery in North Gyeongsang Provinc

Nov. 11, 2024

Top court to review SK chief’s $1b divorce settlement

South Korea’s Supreme Court has decided to review SK Group Chairman Chey Tae-won’s bid to overturn the country's most expensive divorce suit, opening up the possibility for the head of the nation’s second-largest conglomerate to reduce the size of the settlement. On Saturday, the justices accepted the appeal by Chey who was ordered by the Seoul High Court in May to pay his estranged wife Roh Soh-yeong 1.38 trillion won ($1 billion), or 35 percent of their common wealth, in

Nov. 8, 2024