ECONOMY

HanmiGlobal Secures Major IDIQ Contract for Infrastructure Projects with U.S. National Park Service

HanmiGlobal announced on Tuesday that its U.S. subsidiary, OTAK, has secured an Indefinite Delivery Indefinite Quantity (IDIQ) contract with the National Park Service, a division of the U.S. Department of the Interior.IDIQ contracts are a key procure

Hyundai Motor Group’s Chung Reaffirms $26 Billion U.S. Investment, Bets on Robotics and Hydrogen

Chung Euisun reaffirmed Hyundai Motor Group’s large-scale investment commitment to the United States, emphasizing robotics and hydrogen as key drivers of future growth amid global economic uncertainty.In an interview published April 12, with U.S. out

LS Electric Shares Top 200,000 KRW… Hit Record High on AI Data Center Supply

LS Electric saw its stock price soar past 200,000 KRW (about 135 USD), hitting an all-time high.As of 9:07 a.m. (South Korean time) on Tuesday, LS Electric shares were trading at 194,400 KRW (about 131 USD), up 8.48% (15,200 KRW, about 10.3 USD) from

Korean Opposition Party's U.S. Visit: Key Diplomatic Strategies for 2026

On Tuesday, the People Power Party's delegation to the United States, led by Representative Jang Dong-hyuk, announced their plans to meet with U.S. government and congressional officials to discuss Middle East issues and other matters.The delegation,

T+1 Settlement Revolution: How Korea's Exchange Plans to Lead Asia

The Korea Exchange announced on Monday that it plans to conduct an on-site due diligence visit with the Korea Securities Depository and the Korea Financial Investment Association to shorten the stock market settlement cycle to T+1.From April 27 to Ma

How U.S. Iran Oil Export Blockade Could Drive Energy Prices Up: What Asian Industries Need to Know

The U.S. has launched a reverse blockade in the Strait of Hormuz to curb Iranian oil exports, sparking fears of a complex economic shock. This could lead to simultaneous cost increases due to energy supply disruptions and a contraction in demand.Expe

South Korean Investors Snap Up U.S. Stocks in $11.5 Billion Buying Spree, Ranking No. 2 Globally

Asian investors increased net purchases of U.S. equities despite factors encouraging capital to return to domestic markets, including a strong local stock market, a weaker currency and the launch of repatriation investment accounts.According to the U

South Korean Ruling Party Leader Jang Dong-hyuk Departs for U.S., Citing ‘Defense of Freedom’

Jang Dong-hyuk, leader of South Korea’s ruling People Power Party, departed for the United States on April 11, citing the need to address challenges facing the country’s future and democratic values.In a Facebook post on April 12, Jang said he had le

"Fleeing the Front Line": PPP Leader Abandons Seoul for D.C. as "Election War" Looms

On April 11, Han Dong-hyuk, the leader of the People Power Party, confirmed his early departure to the U.S., which came two days ahead of the original schedule due to additional meeting requests from the American side. The People Power Party countere

APR's K-Beauty Cosmetics Conquers U.S. and Europe with B2B Expansion

In the midst of the global K-beauty phenomenon, APR is maintaining its steep growth trajectory by leveraging its overseas expansion, particularly in the U.S. and Europe. The company is poised to report record-breaking results even in the first quarte