(Photo=MotionElements) Lithium-ion battery prices hit a record low last month and are expected to fall below $100 per kilowatt-hour (kWh) this year due to a significant supply-demand imbalance. According to data from KOTRA and the International Energy Agency (IEA) released on June 21, average lithium-ion battery prices dropped to $112 per kWh in May, marking an all-time low. The continued

Photo=NEOM Following LG Electronics, Samsung Electronics has entered into a strategic partnership with Al-Bawani, one of Saudi Arabia’s largest construction firms. This collaboration is expected to pave the way for Samsung’s participation in major infrastructure projects such as NEOM City and the Red Sea Development, both key initiatives under Saudi Arabia’s Vision 2030. Samsung also plans to implement its digital

(Photo=GS Engineering & Construction) GS Engineering & Construction (GS E&C), a major South Korean construction company, has taken over part of an unfinished hotel development previously managed by its bankrupt UK subsidiary, Elements Europe. The project is valued at approximately $51.1 million. Interpath, the administrator overseeing Elements Europe's insolvency, announced on June 19 (local time) that it had sold the

(Photo=Lee Jae-myung facebook) South Korea's new administration has announced a $14.7 billion supplementary budget aimed at boosting consumer spending and reviving the economy. Under the plan, every citizen will receive "Living Recovery Vouchers" ranging from $109 to $365, depending on income level. The program is a hybrid approach that combines universal distribution with targeted support for low-income groups. The top

(Photo=Pixabay) As the military conflict between Israel and Iran enters its second week following an initial surprise attack, concerns are rising that a prolonged confrontation could negatively impact South Korea's exports to the Middle East. According to a recent report titled "Export Business Status in Major Middle Eastern Countries Following the Israel-Iran Situation," published by the Korea Trade-Investment Promotion Agency