The chairman of South Korean residential developer Booyoung Group is offering employees a bonus of $75,000 if they have children, The Chosun Daily reports. 84-year-old Lee Joong-keun began the scheme…

Cambodia has invited South Korea to invest in its $37bn, 10-year programme of infrastructure improvements, the Khmer Times reports.

An international team of designers has unveiled plans for the world’s tallest, spokeless ferris wheel for Seoul, South Korea. The 180m-diameter “Seoul Twin Eye” takes the form of two intersecting…

South Korean construction firm Daewon plans to develop a 280ha eco-tourism and golf resort in the Forest of Hue in central Vietnam. The scheme is awaiting approvals from the government…

Two South Korean engineers working for Daewoo Engineering & Construction have been released, nearly three weeks after they were abducted by unidentified gunmen in Nigeria, the foreign ministry in Seoul…

Korea Hydro and Nuclear Power (KHNP) will carry out a feasibility study on building a new nuclear reactor in the Netherlands. There is currently only one nuclear power plant in…

The South Korean city of Hanam is planning to build its own version of the MSG Sphere – an LED-covered 20,000-capacity orb that opened in Las Vegas in September. A…

The Korea Atomic Energy Research Institute (Kaeri) and Hyundai Engineering have signed a memorandum of agreement aimed at winning export markets for its small modular reactor (SMR) technology. The agreement…

Two Korean companies have signed a memorandum of understanding with Ukraine’s rail operator to aid the rebuilding of railways in the war torn country. According to The Korea Times, Korea’s…

Dutch firm Office for Metropolitan Architecture (OMA) has been chosen to design the extension of an urban campus for Hongik University in Seoul. The college, a private facility focusing on…

Hyundai Engineering & Construction and Korea Airports Corporation have signed a memorandum of understanding to modernise Boryspil International Airport to the southeast of Kyiv. According to the deal, Korea Airport…

Hyundai broke ground this week on a £1.5bn EV plant in the South Korean city of Ulsan, its first new domestic plant for 29 years. The world’s third largest car-maker…

Korea Hydro & Nuclear Power (KHNP) has submitted its final bid to build a nuclear power unit in Czechia, the Korea Economic Daily reports. KHNP is up against French state-owned…

The governments of South Korea and Ethiopia opened the “Textile Techno Park” at the weekend, the Ethiopian Broadcasting Corporation reports. The subject of a memorandum of understanding signed back in…

A joint venture between South Korea’s LG Electronics and Canada’s Magna International has become the latest EV venture to announce building plans in Hungary.

The Korean government has secured the right to negotiate a $1bn water supply project for an industrial park in Bangladesh, website Business Korea reports. The announcement was made by Korea’s…

Ugandan president Yoweri Museveni said this week that Russia and South Korea would build two nuclear power stations in his country, the Anadolu news agency reports. He told the G-25…

The governments of South Korea and Poland have agreed to cooperate on some $52bn of Ukrainian reconstruction projects, the Pulse business news service reports.  Yoon Suk Yeol, the president of…