January 3, 2024

S. Korea to spend 2.1 tln won on basic research in 2024

South Korea will increase investment into basic research this year to over 2 trillion won (US$1.5 billion) as part of efforts to help the country’s researchers strengthen their global competitiveness, the science ministry said Wednesday.

The governm…

GM Korea’s sales reach record 468,000 units in 2023

GM Korea Co., the South Korean unit of General Motors Co., said Wednesday its sales in 2023 reached a fresh record of over 468,000 units thanks to strong demand from overseas.

GM Korea sold 468,059 vehicles last year, up 76.6 percent from the previo…