Press Releases
Looking for more press releases? Explore our full press release archive by date to access past announcements, news updates, and media releases published on South Korea Business Ledger.
South Korea’s Defense Nominee Calls to Restore Military Pact
MENAFN
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July 9, 2025
(MENAFN) Ahn Gyu-back, the nominee for South Korea’s Defense Minister, emphasized the importance of reinstating the inter-Korean military tension reduction agreement as the new administration aims to improve relations with North Korea, according...
Quasi Robotics Announces Strategic Partnership with Electrix Co. Ltd, to Expand Mobile Robot Automation in South Korea
EIN Presswire
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July 9, 2025
Electrix Co. Ltd will distribute Quasi’s Model C2 AMRs to key industrial sectors, including shipbuilding, offshore energy, and semiconductor manufacturing. FREDERICK, MD, UNITED STATES, July 9, 2025 /EINPresswire.com/ -- Quasi Robotics, a leader...
South Korean households witness increases in surplus funds
MENAFN
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July 8, 2025
(MENAFN) South Korean households saw a continued rise in their surplus funds for the third straight quarter, driven largely by increased holdings in deposits and securities, according to recent data from the country’s central bank. Reports...
South Korea’s Economy Struggles
MENAFN
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July 8, 2025
(MENAFN) The South Korean economy continues to face challenges, impacted by fragile domestic demand and increasing external uncertainties, particularly due to the US’ "aggressive" tariff policy, among other contributing factors, according to a...
South Korea’s Economy Slides Amid Tariff Concerns
MENAFN
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July 8, 2025
(MENAFN) South Korea’s economy continues to struggle, dragged down by sluggish domestic demand and escalating external risks linked to the United States’ “aggressive” tariff stance, according to a state-run think tank’s report released Tuesday....
South Korean Household Surplus Funds Climb for Third Quarter
MENAFN
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July 8, 2025
(MENAFN) South Korean household surplus funds climbed for the third consecutive quarter, driven by increased deposits and securities holdings, Bank of Korea (BOK) data revealed Tuesday. Net surplus funds—calculated as financial assets minus...
Hong Kong-Based Company Agrees to Pay $876,000 to Resolve Alleged False Claims Act Violations
The U.S. Attorney's Office District of Puerto Rico
·
July 8, 2025
Schaefer Systems International Ltd. (SSI) has agreed to pay $876,000 to resolve alleged False Claims Act violations relating to the payment of a prohibited finder’s fee in connection with the award of an Army and Air Force Exchange Service (AAFES)...
Trump Imposes 25 Percent Tariffs on Japan, South Korea
MENAFN
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July 8, 2025
(MENAFN) President Donald Trump announced Monday via social media that the United States will implement 25-percent tariffs on Japanese and South Korean imports effective August 1. Through letters directed to the South Korean president and Japanese...
South Korea’s special counsel wants to put formal leader in prison
MENAFN
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July 7, 2025
(MENAFN) South Korea’s special counsel investigating former President Yoon Suk-yeol’s brief imposition of martial law has formally requested a warrant to detain the ousted leader, a spokesperson for the investigation team announced Sunday. Cho...
ILIAS Biologics Publishes Groundbreaking Study on Exosome Therapy for Chorioamnionitis in Non-human Primates
EIN Presswire
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July 9, 2025
Advancing Exosome Technology to Address Inflammatory Conditions in Women's Health SEOUL, EUNPYEONG, SOUTH KOREA, July 9, 2025 /EINPresswire.com/ -- ILIAS Biologics (CEO Dr. Chulhee Choi, hereinafter "ILIAS"), a leading biotech company...
Kuvings CEO, Jong Boo Kim Shares Vision for Global Expansion
EIN Presswire
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July 9, 2025
We make innovative products for your healthy life. DAEGU, BUKGU, SOUTH KOREA, July 9, 2025 /EINPresswire.com/ -- We sat down with Jong Boo Kim, CEO of global juicer brand Kuvings, to hear his insights on the company's 47-year journey and its...
[Latest] Global Corporate Learning Management System Market Size/Share Worth USD 46.5 Billion by 2034 at a 19.1% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT)
GlobeNewswire, Inc.
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July 8, 2025
Austin, TX, USA, July 08, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Corporate Learning Management System Market Size, Trends and Insights By Component (Solution, Services), By Deployment...
China Says Trade Wars Yield “No Winners”
MENAFN
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July 8, 2025
(MENAFN) On Tuesday, China condemned the escalating trade and tariff conflicts, stating that such disputes yield "no winners" following US President Donald Trump’s announcement of unilateral tariffs targeting 14 countries. During a live-streamed...
Two Ragnarok IP Titles Achieved Top Game Rankings in Taiwan, Hong Kong and Macau
GlobeNewswire, Inc.
·
July 9, 2025
Seoul, South Korea, July 09, 2025 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that GRAVITY Game Vision, Ltd. and GRAVITY Communications Co., Ltd.,...
S. Korea Returns Six North Korean Fishermen After Rescue
MENAFN
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July 9, 2025
(MENAFN) South Korea on Wednesday returned six North Korean fishermen who had been rescued after inadvertently crossing into southern waters near the disputed maritime boundary, according to a local news agency. The fishermen, traveling in a...
South Korea Reports Over 1M Business Closures in 2024
MENAFN
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July 6, 2025
(MENAFN) In a historic milestone, more than 1 million businesses in South Korea shuttered in 2024, marking the first time ever the nation has seen such a high number of closures, according to official data reported by media on Sunday. The retail...
Trump declares stinging tariffs on US associates in Asia
MENAFN
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July 9, 2025
(MENAFN) U.S. President Donald Trump has unveiled a fresh round of tariffs targeting several nations, including key American allies Japan and South Korea. In similar letters posted Monday on Truth Social, Trump informed Japanese Prime Minister...
South Korea Offers Cash to Citizens
MENAFN
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July 6, 2025
(MENAFN) South Korea is rolling out a large-scale cash distribution program, offering what authorities are calling “consumption coupons” in an effort to stimulate domestic demand and breathe new life into the nation’s stagnant economy, according...
S. Korean DM nominee wants inter-Korean military tension reduction agreement
MENAFN
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July 9, 2025
(MENAFN) Ahn Gyu-back, nominated as South Korea’s Defense Minister, has emphasized the importance of reinstating the military tension reduction agreement between the two Koreas, as the new administration works to improve relations with the North....
Seoul Stocks Close Higher on Monday Amid Tariff Concerns
MENAFN
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July 7, 2025
(MENAFN) Seoul’s stock market edged higher Monday as investors closely monitored developments in trade negotiations with the United States ahead of the critical July 9 deadline set by President Donald Trump. Meanwhile, the Korean won weakened...