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Reporter : Lee Kyung-min
Sun, December 4, 2022 | 12:00
Korea to host ITS congress in Gangneung in 2026
Korea will host the 2026 Intelligent Transport System (ITS) World Congress in Gangneung, Gangwon Province, the transport ministry said Sunday. The Ministry of Land, Infrastructure and Transport said the eastern city won its bid to hold the international event over Taiwan at the LA Convention in the U.S., Saturday (local time). Held every year, the ITS World Congress is the la...
Biz inventory hits 26-year high in Q2 amid recession fears
Korea's business inventory in the April-June period soared 18 percent from the quarter before, in what the business community is considering an indication of a full-fledged economic recession, rather than a temporary slowdown due to external factors, a survey by the Korea Chamber of Commerce and Industry (KCCI) showed, Friday.
Fisheries, shipping industries to reduce greenhouse gas emissions by 70% by 2030
The government will reduce greenhouse gas emissions in the marine and fisheries sectors by 70 percent over the next eight years, as part of its overarching carbon neutrality drive to better respond to global climate change concerns, the oceans ministry said, Thursday. Emissions will be reduced to 1.2 million tons by 2030, down 70 percent from the 4.06 million tons produced in...
Gov't to accelerate export of smart farming
The government will launch a team of agriculture and trade authorities to help accelerate the export of smart farming, the rural affairs ministry said Wednesday. The move is a follow-up to a collective request by local farmers made during an export fair held in August. Most said the government should help the farmers identify stable sources of sales and strategies to keep up ...
Global LNG supply controls put pressure on Korea
Concerns are growing over a possible shortage of liquefied natural gas (LNG) in the upcoming winter as prices are expected to soar due to Russia's supply cut to European buyers and Australia's move to curb exports of key natural resources, market watchers said Tuesday. Of particular concern to Korea is Australia's move to secure the resources for domestic winter heating deman...
Young farmers see opportunities in smart farming
Farming used to be about working endless hours in the sun, defined by repetitive, time-consuming labor that goes on for days or months on end. It was rarely associated with creating high or added value, the key criteria for determining an industry's contribution to the advancement of the economy.
Young dissatisfied public servants eye jobs in private sector
A growing number of young public servants are quitting their jobs, a rush brought on and fanned by discontent over their remuneration packages falling far short of their peers' in the private sector, according to market watchers, Tuesday.
Hyundai Motor, KT to fortify automated air mobility biz via share exchange
A share exchange of 750 billion won ($543 million) between Hyundai Motor Group, the auto giant and KT, the country's second-largest telecommunication services provider, Wednesday, will advance the automated air mobility business, a key source of growth for the two firms, market watchers said Thursday.
LG Group chief seeks global expansion
LG Group Chairman Koo Kwang-mo will visit manufacturing plants and business facilities operated by major affiliates overseas soon, according to industry watchers, Tuesday.
Korea urged to revise EV subsidy scheme to benefit locally manufactured vehicles
The government should revise the current state subsidy scheme to provide larger benefits to made-in-Korea vehicles as China and other countries do for their own cars, experts said Tuesday. Underpinning the protectionist-leaning recommendation is the much-contested Inflation Reduction Act (IRA), the U.S. stimulus package whereby Korean EVs and batteries will have their tax cre...
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