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Reporter : Lee Kyung-min
Thu, March 23, 2023 | 10:23
Internal rift at KARI feared to adversely affect Korea's space program
The government initiative to fortify space programs is showing rapid signs of weakening, a concern escalated by a series of resignations offered by key senior researchers at the Korea Aerospace Research Institute (KARI), the developer of the Nuri space rocket, or KSLV-II. The Nuri is a three-stage launch vehicle, and the nation's second rocket after the Naro-1.
Companies | 2022-12-20 16:37
Merger of KORAIL and SR postponed
The merger of state-run Korea Railroad Corp. (Korail) and its subsidiary SR Corp., operator of the Super Rapid Train (SRT) rail service, has been postponed for further discussion to remove pandemic-related factors, the transport ministry said Tuesday.
Companies | 2022-12-20 16:17
'Happy employees make happy company': LG Energy Solution
LG Energy Solution, the rechargeable battery manufacturing affiliate of LG Group, said it will fortify corporate growth, Monday, defined by greater emphasis on employee happiness and satisfaction, a key strategy for retaining skilled young workers. Firm CEO Kwon Young-soo said earlier this year on the company's intranet that he would listen to the concerns and opinions of emp...
Companies | 2022-12-19 19:04
Science minister distances himself from KARI restructuring controversy
Minister of Science and ICT Lee Jong-ho expressed hope that an internal dispute over the organizational restructuring of Korea Aerospace Research Institute (KARI), the developer of the Nuri space rocket or KSLV-II, would be resolved soon. Nuri is a three-stage launch vehicle, and the second rocket after Naro-1. Whether six senior KARI researchers, including Ko Jeong-hwan, hea...
Companies | 2022-12-19 19:03
Hanwha inks main contract to acquire DSME
Hanwha Group's acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) was completed, Friday, after the government approved a motion for state-run Korea Development Bank (KDB) to sell part of its 55.68 percent stake in the debt-ridden shipbuilder to the country's seventh-largest conglomerate.
Companies | 2022-12-16 16:30
KEPCO seeks to build 4 nuclear reactors in Turkey
Korea Electric Power Corp. (KEPCO) plans to build up to four nuclear reactors in Turkey, according to the state-run energy firm, Thursday, in what market watchers say will generate up to 40 trillion won ($ billion) in export income.
Companies | 2022-12-15 16:03
Seaweed, tuna propel Korea's record marine product exports to $3 bil.
Korea's marine product exports are expected to register a record high of over 4 trillion won ($3 billion) this year, powered by the popularity of seaweed and tuna in Southeast Asia, the oceans ministry said Wednesday. Anchoring this optimism is the figure having exceeded the ministry's goal of $3 billion on Dec. 9.
Companies | 2022-12-14 17:05
Korea to invest over $1.5 bil. to revitalize nuclear power industry
Korea will be able to meet higher-than-expected energy demand this winter following the construction of Shin Hanul unit 1 at the Shin Hanul Nuclear Power Plant in Uljin, North Gyeongsang Province, the energy ministry said Wednesday. The full-fledged operation of Korea's 27th nuclear reactor on Dec. 7, which took 12 years to build, will help reduce the country's dependence on ...
Companies | 2022-12-14 17:04
Gov't rejects demand for unconditional extension of minimum freight rate
The government will not accept a demand by the main opposition party and the truckers' union to extend for three more years a much-disputed law guaranteeing unionized truckers a minimum freight rate, stressing it will instead overhaul how truckers are paid in order to prevent a repeat of the devastating strike by truck drivers, the transport minister said Monday. Minister of ...
Companies | 2022-12-12 15:55
Hyundai Motor dealers to help underprivileged, chronically ill children
A total of 15 car dealers of Hyundai Motor have jointly established a 20 million won ($15,239) fund to help underprivileged, chronically ill children with their medical expenses, the firm said Monday. The donation was made in the form of a matching grant, whereby the firm matched a previous 10 million won donation by 15 employees.
Companies | 2022-12-12 15:14
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