Although simple payment services are expanding, the share of card companies’ services within simple payment appears to be continuously decreasing.

Hanwha Systems announced on the 4th that it will supply a fire control system for 180 K2 tanks, which it signed an export contract with Poland in August last year.

The BOK’s Monetary Policy Committee cited rising household debt and uncertain external conditions as reasons for keeping the base interest rate unchanged at 3.5 per cent.

Hanwha Systems has signed a contract worth 39.8 billion won for the ‘Commercial Low-Orbit Satellite-based Communication System’ project led by Defense Rapid Acquisition Technology Research Institute(DRATRI).

Hanwha Systems announced the launch of a small SAR satellite made by its technology at the southern sea of Jeju Island in 2023 with support from the Korean government.

LIG Nex1 had an opening ceremony for a system integration test wing dedicated to unmanned surface vehicles (USVs) at LIG Nex1 Gumi-house on November 23, 2023 with Gumi officials.

Nousbo, an agricultural company, announced on the 23rd that it has signed a long-term supply contract for powdered green tea with a U.S.

SK Hynix started to market the fastest 16 GB DRAM, Low Power Double Data Rate 5 Turbo (or LPDDR5T), for mobile devices that could transfer 9.6 GB/sec data.

South Korea’s foreign exchange reserves declined $1.24 (or 165,436,000,000 won) due to FX stability and swaps with the National Pension Service.

79.3% of Korean SMEs saw worse or less 2023 performance than last year, bringing the need for various financial supports, including cutting interest rates for SMEs.