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Reporter : Lee Kyung-min
Sun, July 3, 2022 | 18:39
Travel ban lifted on GM Korea CEO
GM Korea CEO Kaher Kazem will be able to leave Korea after the justice ministry lifted a travel ban imposed on him by the prosecution, the company said Friday.
Labor influence to diminish under pro-biz Yoon administration
Korea’s labor groups will no longer be able to thrive under the incoming Yoon Suk-yeol administration, whose management-labor dynamics is set to skew significantly in favor of businesses, according to market watchers and economists, Friday.
Businesses oppose transfer of trade function to foreign ministry
The Ministry of Foreign Affairs taking over the trade function of the Ministry of Trade, Industry and Energy will significantly undermine Korea's national competitiveness by compromising the efficiency of coordinated responses between the public and private sectors in the event of external uncertainties, business representatives and economists here said Thursday.
Hanwha expands solar energy investment in US
Hanwha Solutions, the chemical and energy affiliate of Hanwha Group, said Thursday that it has become the largest shareholder of REC Silicon, a Norway-based U.S. polysilicon manufacturer, after acquiring a 4.67 percent stake from Aker Horizons. Polysilicon is the key raw material used in producing solar panels.
LG Chem CEO retains post despite NPS opposition
LG Chem CEO and Vice Chairman Shin Hak-cheol has been reappointed as an inside director, underpinned by the overwhelming support of LG Corp., its largest shareholder with a 33.5 percent stake, the firm said Wednesday.
Naver's dividends fall to record low despite handsome net profit
The dividend payout ratio for Naver, which operates Korea's largest online portal, fell to a record low of 0.5 percent last year, despite a significant increase both in its net income and payout total, data showed Wednesday. The figure is the lowest since it began paying dividends to shareholders in 2011. Dividend payout ratios are measured by the paid dividend total divided ...
Yoon transition team to enhance nuclear energy policy
Four mid- and senior-level officials from the industry, science and environment ministries with expertise in energy policy have joined the presidential transition team to advise President-elect Yoon Suk-yeol, setting the stage to strengthen the incoming administration's nuclear-centered energy policies, according to market watchers, Tuesday.
Gov't preorders locally made COVID-19 vaccines from SK bioscience
The government has signed a pre-order to buy 10 million vaccine doses being developed by SK bioscience, a local biotech affiliate of SK Group, advancing the swift and stable supply of a domestically produced key agent needed to deal with the COVID-19 pandemic, health authorities said Monday.
KEPCO stalls on electricity rate rise due to political pressure
Korea Electric Power Corp. (KEPCO) has postponed its announcement on an electricity rate hike for the second quarter, a move to conform to President-elect Yoon Suk-yeol's campaign pledge to freeze the power bills of consumers, according to market watchers Monday.
Government signaling u-turn in nuclear energy policy
The government is rushing to make a rapid course correction in its nuclear energy policy, as evidenced by the energy minister calling for swift construction of four nuclear energy plants, a plan that has long been stalled and faced political disruptions under the Moon Jae-in administration.
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