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Reporter : Lee Kyung-min
Mon, February 6, 2023 | 22:32
Daewoo E&C fortifies capabilities to become global construction powerhouse
Daewoo Engineering & Construction is fortifying its capabilities to become a global construction powerhouse, as enabled and underpinned by a strong track record from years of large construction projects involving infrastructure, energy plants and residential and multi-purpose buildings, the firm said Thursday. The firm will celebrate its 50th anniversary next year, a meaningf...
Korea signs MOU, LOI with Poland for nuclear energy cooperation
A group of energy authorities and business executives from Poland signed a letter of intent (LOI) and a memorandum of understanding (MOU) with their Korean counterparts, Monday, for cooperation on a construction project for a nuclear power plant in Patnow, central Poland, the energy ministry said.
Korea to build 1st nuclear decommissioning institute by 2026
The government has begun the construction of the country's first nuclear power plant decommissioning research institute in Ulsan, the energy ministry said Monday. The Institute will develop technologies to ensure safe permanent suspension of nuclear power plants and function as a comprehensive platform to advance radioactive waste analysis.
Businesses cancel Halloween promotions following Itaewon tragedy
Large conglomerates and their consumer-facing service affiliates rushed to cancel Halloween events, Sunday, the day after at least 153 people died in a crowd crush a day earlier in Seoul's Itaewon, according to market watchers. The industry-wide efforts to elevate the Western holiday to an annual sales event with themed promotions and events will be significantly curtailed, s...
Hyundai Motor CEO visits Latin America to promote Busan's Expo bid
Hyundai Motor CEO Chang Jae-hoon is on a trip to three countries in Latin America, a region of key voting power with 29 member countries of the Bureau International des Expositions (BIE), the intergovernmental organization in charge of overseeing and regulating World Expos.
KAIST president to call for global efforts to navigate digitization
Korea Institute of Science and Technology (KAIST) President Lee Kwang-hyung will deliver a keynote speech at an international forum in Seoul, Friday, the Daejeon-based university said Thursday. The academic event is the latest joint initiative between KAIST and New York University, a month after the two opened a joint campus in New York City in September.
KT&G urged to spin off ginseng unit to bolster corporate value
Flashlight Capital, a Singaporean activist private equity fund, has recommended Korean cigarette manufacturer KT&G spin off its ginseng business for a stock listing, in a critical step toward recovering corporate value amid a global trend toward environmental, social and corporate governance (ESG) considerations, according to market watchers, Wednesday.
'There is no Korea-US alliance when it comes to money'
A lawsuit filed in the U.S. by Westinghouse Electric Company against two Korean state-run counterparts over claims of intellectual property (IP) violations indicates how fast financial interests can weaken the Korea-U.S. alliance, market watchers said Wednesday. Many say the desperate last-minute maneuvering by the American nuclear power firm is designed only to undercut Kore...
Why Hyundai Motor chief goes to US so often
Hyundai Motor Group Chairman Chung Euisun left for the U.S., Monday, in a preemptive move to meet with policymakers with substantial influence in mapping out the specifics of the Inflation Reduction Act (IRA), according to market watchers, Tuesday. His most pressing task is to buy time until after the car giant's Georgia manufacturing plants begin operating in 2025, about two...
Open Net in the pocket of Google Korea: lawmaker
Open Net, a non-profit private organization established with the sole sponsorship of Google Korea, is spearheading a campaign against a bill that requires the Korean office of the global IT giant to pay a substantial internet usage fee, a parliamentary science and ICT committee member said Tuesday.