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Middle East Tensions Threaten South Korea’s Export Recovery

Middle East Tensions Threaten South Korea’s Export Recovery

(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

Jun 19 2025
10:00 AM PDT
HD Hyundai and NVIDIA Invest in Bill Gates’ TerraPower Nuclear Venture

HD Hyundai and NVIDIA Invest in Bill Gates’ TerraPower Nuclear Venture

(Photo=TerraPower) South Korea's HD Hyundai and U.S. chip giant NVIDIA have joined a USD 650 million funding round for TerraPower, the next-generation nuclear energy company founded by billionaire Bill Gates. TerraPower announced the funding on June 18 (local time). This marks HD Hyundai's second investment in TerraPower, following a USD 30 million commitment in 2022 through its shipbuilding subsidiary, HD

Jun 19 2025
09:00 AM PDT
Hanwha Ocean Hosts British Columbia Delegation to Discuss Submarine Maintenance and Technology Transfer

Hanwha Ocean Hosts British Columbia Delegation to Discuss Submarine Maintenance and Technology Transfer

Photo=Hanwha Ocean South Korean shipbuilder Hanwha Ocean recently hosted a delegation from British Columbia (BC), Canada, to explore cooperation on submarine maintenance infrastructure, partnerships with local companies, and technology transfer. The visit highlights growing public-private collaboration between South Korea and Canada, especially amid increasing momentum around Canada's upcoming submarine procurement project, valued at over KRW 30 trillion (approximately CAD 30

Jun 18 2025
12:00 PM PDT
LG Electronics Accelerates Smart Factory Exports, Doubles Sales Target Within a Year

LG Electronics Accelerates Smart Factory Exports, Doubles Sales Target Within a Year

Photo=LG Electronics LG Electronics is positioning itself as a global leader in manufacturing innovation by leveraging its robotics and smart factory technologies. Building on its extensive mass production experience in the home appliance sector, the company is rapidly growing its smart factory business both domestically and internationally, aiming to establish it as a key growth driver. According to Robotics & Automation

Jun 18 2025
11:00 AM PDT
Amid Middle East Conflict, Investors Favor Silver Over Gold

Amid Middle East Conflict, Investors Favor Silver Over Gold

Silver prices have surged following the military clashes between Israel and Iran, with gains outpacing those of gold. According to mining industry outlet Mining.com on the 18th, the spot price of silver rose 2.2% on the 17th (local time), reaching $37.26 per ounce — the highest level in 13 years since early 2012. Silver futures in the New York market recorded a

Jun 18 2025
10:00 AM PDT