IBK Industrial Bank of Korea Approves $1.35B Support for National Growth Fund Investments IBK Industrial Bank of Korea said Tuesday it has approved W1.35 trillion in support this year for advanced strategic industries as part of its plan to participate in the W10 trillion National Growth Fund. The bank said it will supply a total of W1.35 trillion to advanced strategic industries and related ecosystems alongside the fund, including W850 billion for corporate investment and W500 billion for infrastructure. In the corporate investment segment, the bank will provide W850 billion March 10, 2026

BYD Korea Unveils City Pop-Inspired Digital Film Campaign for Dolphin EV BYD Korea said Tuesday it is releasing a digital film campaign with a City Pop feel to mark the launch of its compact electric hatchback, the BYD Dolphin. The campaign departs from conventional car ads, presenting a content-driven digital film series that blends animation and music. BYD Korea plans three videos themed around driving range, a surround-view system and interior space, aiming to convey the Dolphin’s mood and lifestyle appeal and make the brand and model feel more approachab March 10, 2026

Kencoa Aerospace Signs Deal to Supply Embraer C-390 Sheet-Metal Parts to European Defense Firm Kencoa Aerospace said Tuesday it has signed a large contract with a European aerospace defense manufacturer to supply major sheet-metal parts for Embraer’s C-390 program. The company said it secured the order after completing capital spending last year to expand its sheet-metal production facilities. Under the agreement, Kencoa will supply key sheet-metal components for the C-390. It did not disclose the customer, contract value or other terms, citing a confidentiality clause. Kencoa sa March 10, 2026

South Korea fines Mercedes-Benz for allegedly hiding EV battery supplier information South Korea’s Fair Trade Commission ordered Mercedes-Benz to take corrective steps and pay a penalty surcharge of 11.339 billion won, accusing the automaker of deliberately omitting and concealing information about electric-vehicle battery cells. Mercedes-Benz Korea denied wrongdoing and said it is considering an administrative lawsuit to contest the decision. On the 10th, the commission said Mercedes-Benz installed Farasis battery cells in many EV models, including the EQE and EQS, but March 10, 2026

Korean Drugmakers Warn Price Cuts and Middle East Turmoil Could Cripple Industry, Seek Joint Study "Steep drug price cuts will bring down the pharmaceutical industry." The emergency committee for reforming the drug pricing system, formed to promote industry development, issued that warning at an emergency news conference March 10 at the Korea Pharmaceutical and Bio-Pharma Manufacturers Association. The group said signs of strain are already emerging across the sector as the government pushes price cuts and as a newly erupted Middle East situation drives up costs. It urged March 10, 2026

Kolon Industries wins CDP Korea Awards carbon management sector honors Kolon Industries said March 10 it won the Carbon Management Sector Honors award at the 2025 CDP Korea Awards, hosted by CDP, a global sustainability assessment organization. CDP, formerly known as the Carbon Disclosure Project, is a global nonprofit that collects and evaluates disclosures from major companies and cities on climate strategies, greenhouse gas reduction efforts, and water and forest-related information. Its assessments are widely used by ESG investors, financial institutions March 10, 2026

Yellow Envelope Law Takes Effect as Hyundai, Shipbuilding Subcontractor Unions Renew Bargaining Demands With the so-called Yellow Envelope Law — revisions to Articles 2 and 3 of the Trade Union and Labor Relations Adjustment Act — taking effect, labor-management tensions are rising. Industry officials said the Hyundai Motor subcontractor union, the Hyundai Motor Non-Regular Workers Branch, plans to send a third request for talks to the parent company on Tuesday through its umbrella group, the Korean Metal Workers’ Union. The union has already delivered two formal requests but said the com March 10, 2026

Samsung Heavy Wins $400 Million Order for Three Crude Oil Tankers Samsung Heavy Industries said in a regulatory filing on the 10th that it has won an order worth 400.1 billion won for three crude oil tankers from a Bermuda-based shipowner. The vessels are scheduled for delivery by February 2029. With the deal, the company’s year-to-date orders total 11 ships worth $2.1 billion, reaching 15% of its annual target of $13.9 billion. By vessel type, the orders include three liquefied natural gas (LNG) carriers, two ethane carriers, two container ships and fou March 10, 2026

Seoul to Recruit Teens for 2026 Youth Orchestra Tour and Performances in Three European Countries Seoul is recruiting participants for the “Seoul Youth Orchestra Performance Tour of Three European Countries,” a 7-night, 9-day program running from July 27 to Aug. 4, 2026, with conductor Baek Yun-hak. The city said the program is designed to help Seoul teenagers gain performance experience on an international stage and broaden their musical skills. Participants will join a youth orchestra festival in the Aix-en-Provence area of France, where they will perform and exchange with young mus March 10, 2026

Korean Drugmakers Face Key Votes, Board Picks and New Business Plans at Annual Meetings South Korea’s pharmaceutical industry is heading into annual shareholders meeting season later this month, with votes expected to go beyond routine reporting of last year’s results and focus on management stability and business direction. Industry officials said major drugmakers will begin meetings on March 20, including Yuhan Corp. and Dongkook Pharmaceutical, with sessions continuing through the end of the month. March 26 is set to be a “super meeting day” for several companies, includi March 10, 2026