Trade & Industry
- Ottogi Raises Prices on 29 Products as Food Costs Climb in Korea
Ottogi lifts prices on 29 grocery items from July 16, with curry up 6.1%, glass noodles 10% and pepper 17%, citing higher raw material costs.
- China Halts Helium Exports, Widening Its Chip-Material Squeeze
China's Commerce Ministry ordered an immediate, temporary ban on helium exports, extending Beijing's control of critical semiconductor inputs beyond rare earths
- Korea Moves to Cut Highway Rest-Stop Coffee to 2,000 Won
The government is overhauling how highway rest stops operate, pushing a 4,800-won coffee down to 2,000 won for travelers.
- Canada Picks Germany's TKMS Over Korea in $43 Billion Submarine Race
Canada has chosen Germany's TKMS over Korea's Hanwha Ocean as preferred builder for its next-generation submarine fleet, a deal worth up to 60 trillion won.
- Korea Picks Gwangju Air Base Site for Honam Semiconductor Cluster
South Korea will build its Honam semiconductor cluster on the Gwangju military airport site, a project press reports peg at 800 trillion won.