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Korean Machinery Industry Continues to Grow in the Global Market
As of August 23, 2024, the Ministry of Trade, Industry and Energy reported that Korea’s general machinery exports reached $25.7 billion in the first half of the year, marking a 1.6% increase compared to the previous year. This growth stands in stark contrast to the more than 30% decline in exports of semiconductors and displays, […]
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Korea’s Leap into the Future with the Boost of the Biotech Industry
The Korean government has designated the biotech industry as a national strategic technology, announcing an ambitious plan to increase production capacity to KRW 100 trillion and annual exports to USD 50 billion by 2030. This expansion signifies a broadened support not only for vaccine technologies but also for the entire biopharmaceutical sector. The government plans […]
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Korea Accelerates Space Exploration with Its Own Space Agency
In May 2024, the Korean government announced the establishment of the Korea Aerospace Administration (KAA), marking a new chapter in space exploration. The Ministry of Science and ICT plans to advance space exploration technologies and strengthen international cooperation through KAA. Led by First Vice Minister Jo Seong-kyung, a delegation visited major international space organizations such […]
