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Reporter : Lee Kyung-min
Wed, October 4, 2023 | 19:30
Trade minister pledges support for AI robotics industry at Boston Dynamics
Minister of Trade, Industry and Energy Lee Chang-yang visited Boston Dynamics, the future robotics technology hub for Hyundai Motor Group in Massachusetts, U.S., the automobile giant said Sunday.
Korea's Sustainability Leaders 2023
A total of 150 companies made the list of Korea's Sustainability Leaders 2023, on the back of their commitment to advancing environmental, social and corporate governance (ESG) practices in line with the global wave of prioritizing long-term sustainability into the future.
Korea, US to nurture young STEM experts
Korea and the U.S. have launched a joint initiative to nurture 2,023 young experts in the fields of science, technology, engineering and mathematics (STEM), the trade ministry said Thursday.
Korea, US sign 23 MOUs to bolster ties in batteries, bio, nuclear power
Korea's leading energy, battery, construction and chemical companies have agreed to fortify cooperation with their U.S. counterparts outlined in 23 memoranda of understanding (MOUs) signed during a meeting between executives and high-ranking officials of the two countries, the trade ministry said Tuesday. The bolstered commitment came on the occasion of President Yoon Suk Yeo...
Doosan, NuScale Power, Eximbank to expand SMR business
Doosan Enerbility, the energy affiliate of Doosan Group, signed a three-way agreement with its U.S. partner NuScale Power and the Export-Import Bank of Korea (Eximbank) to foster cooperation in the small modular reactor (SMR) business, according to the firms and Korea's state-owned lender, Tuesday. The U.S. firm designs and markets SMRs. Their reiterated commitment came on th...
Seoul to prevent Pyongyang from acquiring satellite parts, materials
The government has added 77 parts and devices needed for satellite manufacturing to a list of goods banned from being exported to North Korea, in what Seoul hopes will be the first international effort to deter Pyongyang's spy satellite development plans, the trade ministry said Tuesday. Among them are solar panels, gyroscopes, antennae, global positioning system (GPS) device...
LGES to make Korean plant global tech hub by 2026
LG Energy Solution, the battery manufacturing affiliate of LG Group, said it will invest 600 billion won ($448 million) to fortify production capabilities at its Ochang Energy Plant 2, as part of its medium-term growth strategy.
Fried chicken franchises under pressure to freeze prices
Major local fried chicken franchises are coming under pressure to freeze prices, as recommended by the food ministry seeking to curb inflation, according to market watchers, Monday. Advancing the guidance are soaring expenses needed to dine out in the broader context of a spike in the overall cost of living over the past few months, led by sellers of fried chicken and beverag...
55 fatalities reported at construction sites in Q1
A total of 55 workers died in accidents at construction sites in Korea during the first three months of this year, the Ministry of Land, Infrastructure and Transport said Monday. Seven of those fatalities occurred at construction sites overseen by the top 100 builders, down from 14 a year earlier.
KEPCO desperate to contain losses, root out corruption
Korea Electric Power Corp. (KEPCO) apologized for failing to supervise its employees who have sought profit using confidential information as well as unscrupulous spending at the Korea Institute of Energy Technology (Kentech), a much-criticized technology university associated with the state-run energy firm, according to market watchers, Friday.