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Reporter : Lee Kyung-min
Mon, December 11, 2023 | 01:58
Korea holds 4th IPEF talks in Busan this week
The fourth official talks of the Indo-Pacific Economic Framework for Prosperity (IPEF) are being held in Busan for seven days from Sunday to July 15, the Ministry of Trade, Industry and Energy said.
LG, LS chiefs to accompany President Yoon on Poland visit
A total of 89 leaders of state-run and private entities will accompany President Yoon Suk Yeol on his visit to Poland next week, according to the country's business lobby, Thursday. Yoon will be on a six-day trip to Poland and Lithuania from July 10 to 15.
KSOE moves ahead of Hanwha Ocean, Samsung in H1
HD Korea Shipbuilding & Offshore Engineering (KSOE) has won about 90 percent of the annual target construction orders in the first six months of the year, in what the firm said was a result of exceptional experience and technology approved by the global market.
Korea fortifies cooperation with Malaysia for ICT, smart livestock farming
The government will fortify cooperation with Malaysia to foster exchanges in smart ICT-mediated farming technologies, the agriculture ministry said Wednesday.
Korea launches public-private SMR alliance
A private-public partnership has been launched to advance the small modular reactor (SMR) sector, the industry ministry said Tuesday.
Cinema chains struggle to secure cash amid sluggish ticket sales, rising costs
Local movie theater chain operators are resorting to liquidity crunch-induced issuance of short-term bonds, in what market watchers say is a risky operation of corporate financials brought on by a steady increase in borrowing that failed to offset a nosedive in ticket sales during the pandemic years.
Gov't, businesses slam KCTU's general strike
The government and a coalition of employers' groups called for stern measures against what they characterized as an illegal strike railroaded by Korea's largest umbrella union that bypassed a negotiation process stipulated under the law, the industry ministry and the groups said Monday. The move came after the Korean Confederation of Trade Unions (KCTU) launched a two-week ge...
African ministers to visit Korea for 'K-Rice Belt' initiative
The Korean government will invite ministers from eight African countries to Seoul, July 10, for a meeting about the “K-Rice Belt,” the agriculture ministry said Monday. The Korea-led initiative is part of the official development assistance (ODA) program introduced to help countries struggling with a lack of agricultural infrastructure, compounded by geographical and other li...
Convenience stores join move to lower food product prices
Local convenience stores are either lowering product prices or withdrawing plans to raise them, according to market watchers, prodded by similar moves taken by confectionery, bakery and snack makers. The price adjustments were prompted by a government recommendation that makers of the country's most popular food items should contribute to easing the financial burden on househ...
Robots to be deployed to clean up marine pollution
Robots will be used to clean up marine pollution in the second half of this year, the oceans ministry said Friday. The Ministry of Oceans and Fisheries said it revised marine pollution control standards to let new robotic technologies to be put to use as early as August to maintain a sustainable environment.