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Reporter : Lee Kyung-min
Tue, May 30, 2023 | 21:16
UNICEF, LG Chem ink $200 mil. contract to supply vaccines for 80 mil. infants
LG Chem has signed a $200 million (261 billion won) contract with the United Nations International Children's Emergency Fund (UNICEF), to supply vaccines for up to a combined 80 million infants worldwide, the firm said Tuesday.
Companies | 2023-03-14 17:11
Daejeon plant fire adds to woes of Hankook Tire
A fire at a manufacturing plant of Hankook Tire & Technology, Korea's largest tire manufacturer, is adding to concerns about the firm's corporate outlook for the foreseeable future, according to market watchers, Monday. The fire destroyed over 400,000 tires in Daejeon, south of Seoul, Sunday.
Companies | 2023-03-13 16:41
KAIST to develop advanced drones amid growing NK threat
Korea Advanced Institute of Science and Technology (KAIST) will initiate an in-depth research project to develop new drone technologies, the university said, Monday, to better prepare against attacks using remotely-piloted aircraft. The announcement coincides growing fears of North Korea's attempts to send surveillance drones to South Korea. In December of last year, a number...
Companies | 2023-03-13 16:40
Lotte Chem fortifies green biz cooperation with US state of Louisiana
The top executives of Lotte Chemical met Louisiana Governor John Bel Edwards, Thursday, to fortify cooperation in the green energy business, according to market watchers, Friday. The U.S. state of Louisiana is where the chemical affiliate of Lotte Group built a manufacturing complex. It was the first time that a local chemical firm established a production facility in the U.S
Companies | 2023-03-10 16:33
Doosan Enerbility strengthens SMR materials, liquefied hydrogen biz
Doosan Enerbility, the energy affiliate of Doosan Group, is strengthening its small modular reactor (SMR) and liquefied hydrogen businesses, according to market watchers, Friday. SMRs are the next generation of nuclear reactors that are smaller and produce less output.
Companies | 2023-03-10 16:33
Hankook Tire faces leadership vacuum after chairman's arrest
Hankook Tire & Technology, a local tire manufacturer, is expected to see a slump in exports of its key products and delays in overseas investments after its CEO Cho Hyun-bum was arrested on charges of embezzlement and breach of trust for a combined amount of 20 billion won ($15 million), according to market watchers.
Companies | 2023-03-09 16:54
Civil servants reluctant to move to planned space agency in Sacheon
An increasing number of civil servants are expressing anxiety over their possible relocation to Sacheon, South Gyeongsang Province, where the government plans to establish a science ministry-supervised vice ministerial-level aerospace agency, separate from Korea Aerospace Research Institute (KARI).
Companies | 2023-03-09 16:54
Korail fined $1.4 million for safety lapses
State-run Korea Railroad Corp. (Korail) and Seoul Metro have been fined 1.92 billion won ($1.4 million) and 120 million won, respectively, for making unauthorized changes in their work-shift systems, and other violations, the transport ministry said Tuesday. The record penalty imposed on Korail follows a 1.8 billion won fine in January.
Companies | 2023-03-08 16:28
Edible insects widely used for food, cosmetics, fertilizers
Bugs are not the first thing to come to mind when people think about what to eat. Rather, the thought of putting them in our mouth is almost always likely to induce a gag reflex. Such longstanding perceptions are taking a new eco-friendly turn underpinned by the sustainable use of this high-quality source of protein and fat in the broader context of resource recycling.
Companies | 2023-03-08 16:00
Korea seeks truce in trade war with Japan by halting WTO dispute process
Korea will seek a rapid restoration of frayed bilateral relations with Japan by deciding to temporarily halt an ongoing dispute settlement process with the World Trade Organization (WTO), the industry ministry said Monday. Ties between the two countries have deteriorated after years of intensified conflict over Japan's export curbs on key materials needed to manufacture compu...
Companies | 2023-03-06 19:32
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