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Reporter : Lee Kyung-min
Thu, July 7, 2022 | 13:24
LG Chem CEO retains post despite NPS opposition
LG Chem CEO and Vice Chairman Shin Hak-cheol has been reappointed as an inside director, underpinned by the overwhelming support of LG Corp., its largest shareholder with a 33.5 percent stake, the firm said Wednesday.
Naver's dividends fall to record low despite handsome net profit
The dividend payout ratio for Naver, which operates Korea's largest online portal, fell to a record low of 0.5 percent last year, despite a significant increase both in its net income and payout total, data showed Wednesday. The figure is the lowest since it began paying dividends to shareholders in 2011. Dividend payout ratios are measured by the paid dividend total divided ...
Yoon transition team to enhance nuclear energy policy
Four mid- and senior-level officials from the industry, science and environment ministries with expertise in energy policy have joined the presidential transition team to advise President-elect Yoon Suk-yeol, setting the stage to strengthen the incoming administration's nuclear-centered energy policies, according to market watchers, Tuesday.
Gov't preorders locally made COVID-19 vaccines from SK bioscience
The government has signed a pre-order to buy 10 million vaccine doses being developed by SK bioscience, a local biotech affiliate of SK Group, advancing the swift and stable supply of a domestically produced key agent needed to deal with the COVID-19 pandemic, health authorities said Monday.
KEPCO stalls on electricity rate rise due to political pressure
Korea Electric Power Corp. (KEPCO) has postponed its announcement on an electricity rate hike for the second quarter, a move to conform to President-elect Yoon Suk-yeol's campaign pledge to freeze the power bills of consumers, according to market watchers Monday.
Government signaling u-turn in nuclear energy policy
The government is rushing to make a rapid course correction in its nuclear energy policy, as evidenced by the energy minister calling for swift construction of four nuclear energy plants, a plan that has long been stalled and faced political disruptions under the Moon Jae-in administration.
Yoon administration to freeze property tax
The government is expected to freeze property taxes for all homeowners including owners of a single expensive home with an officially appraised value of over 1.1 billion won ($905,000) subject to the Comprehensive Real Estate Tax, according to government ministries, Sunday.
China's COVID lockdowns to hit Korean firms
The recent COVID-19 lockdowns in China are posing a major threat to Korean firms, many of which are suspending operations of their manufacturing plants in the world's second-largest economy, according to industry watchers and economists, Thursday.
Woon Hyung Lee Foundation to hold 7th opera
The Woon Hyung Lee Foundation for Culture and the Arts will hold its seventh concert at Seoul Arts Center next Saturday, in memory of Lee Woon-hyung, the late SeAH Group chairman who was a classical opera enthusiast, the foundation said Thursday.
World Forestry Congress sees 60% registration rate
Over 7,000 people from over 110 countries have registered to attend the 15th World Forestry Congress in Seoul scheduled for May, according to the Korea Forest Service (KFS), the event organizer, Tuesday.