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Reporter : Lee Kyung-min
Wed, November 30, 2022 | 09:33
Animal welfare should be considered amid livestock industry sustainability: expert
A blind push organized by animal rights activists to reform the current system of industrial agriculture could crash the country's livestock industry, one expert said, Sunday. As compelling and morally righteous animal rights claims may appear, the concerns of local stakeholders who have firsthand experience in managing the farming environment must not be ignored while promot...
Government to open second presidential office in Sejong by 2027
Several government ministries will team up to help facilitate the construction of a second presidential office in Sejong City, an administrative area 144 kilometers south of Seoul, by 2027, according to government officials, Sunday. Setting up a second presidential office and a legislative building in Sejong was a key campaign pledge of President Yoon Suk-yeol.
'Foreign envoys to Korea are key to hosting World Expo 2030'
The role of foreign ambassadors to Korea is immense in the country's bid to host the World Expo 2030, as stressed by Prime Minister Han Duck-soo who plans to meet with each and every foreign diplomatic official in Korea, according to market watchers, Sunday. The collective voices from ambassadors, Han maintains, will mobilize the much-needed momentum for aligning support from...
'US Inflation Reduction Act goes against international trade norms'
The much-contested U.S. Inflation Reduction Act, under which Korean manufacturers of electric vehicles (EVs) and EV batteries will be put at a significant cost disadvantage in the world's largest economy, goes against international trade norms, the trade ministry said Wednesday.
Debt-ridden KEPCO's hefty salaries draw criticism
The number of workers at Korea Electric Power Corp. (KEPCO) with an annual salary of at least 100 million won ($74,600) has doubled over the past four years, fueling criticism that the money-losing state-run utility fortified employee benefits at the expense of corporate financial soundness, data showed Wednesday. The hefty compensation strengthens the finance ministry's move...
New KHNP CEO vows extensive support for nuclear systems export
Korea's nuclear industry is aiming to emerge as a global export powerhouse with the full and extensive support of the government, a much-awaited momentum for recovery powered by the new CEO of the country's state-run nuclear energy firm. Korea Hydro & Nuclear Power (KHNP) CEO Whang Joo-ho, whose three-year term began Monday, said fortifying the key energy industry will be his...
'Taking US to WTO for denying state subsidies to Korean EVs lacks merit'
No meaningful outcome is expected within a desired timeframe from Korea taking the U.S. to the World Trade Organization (WTO) for putting Korean manufacturers of electric vehicles (EVs) at a significant cost disadvantage in the world's largest economy, market watchers and experts said Tuesday.
Hankook Tire seeks global expansion with high-tech EV products
Hankook Tire, Korea's top tire manufacturer and the seventh-largest worldwide, is expected to solidify its market expansion, underpinned by high-tech, quality products best suited for bolstering the performance of electric vehicles (EVs), the firm said, Monday.
Fried chicken franchises face growing pressure to lower prices
Korea's three major fried chicken franchises - Kyochon, Genesis BBQ and BHC - are coming under mounting pressure to lower their prices, cornered by what many have characterized as an “extreme overpricing designed for the sole benefit of the middleman,” according to market watchers, Monday. Propelling the criticism is the recent explosive sales of a bucket of fried chicken sol...
Unionized financial services workers to strike next month
The unionized members of the Korean Financial Industry Union, encompassing state-run and commercial lenders, have decided to go on strike, Sept. 16, according to the union, Sunday. They say such collective action is inevitable unless their demands are met, including: a 6.1-percent salary increase, the reduction of their work hours to 36 hours a week and the scrapping of plans...