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Reporter : Lee Kyung-min
Thu, February 9, 2023 | 07:42
Gov't launches Digital Twin Society initiative to better cope with disasters, urban problems
The government has launched a forum for government, academia and private experts to advance discussions on and the development of digital twin technology, the land ministry said Friday.
Excess rice reignites debate over protecting farmers
The government's plan to spend over 1 trillion won ($701 million) to buy 450,000 tons of surplus rice this year has reignited a decades-old debate about whether and how much taxpayer money should be used to protect farmers, despite plummeting demand for the once-popular staple crop.
GS Energy, POSCO Holdings establish rechargeable battery recycling JV
GS Energy, the energy affiliate of GS Group, and POSCO Holdings, the holding firm of POSCO Group, established POSCO GS Eco materials, a joint venture that will advance their secondary battery recycling business, the two firms said Thursday.
Hyundai, Kia buyers frustrated by long order delays
An increasing number of buyers of automobiles manufactured by Hyundai Motor, and its affiliate Kia, are expressing frustration over longer-than-expected order delays of up to 30 months, according to industry officials Thursday.
Gov't to nurture 30,000 young farmers, foster smart agriculture
The government will nurture 30,000 young farmers by 2027, the agriculture ministry said Wednesday, as part of a long-term plan to increase the proportion of farmers aged under 40 up to 10 percent of the total farmers by 2040, up from 1.2 percent as of 2020.
Agriculture minister presses BBQ to lower fried chicken prices
Yoon Hong-geun, head of Genesis BBQ, one of the country's three major fried chicken franchises, is facing mounting pressure to lower fried chicken prices, a result of his earlier miscalculation seeking to justify the prices backfiring, market watchers said Wednesday. Minister of Agriculture, Food and Rural Affairs Chung Hwang-keun said during a parliamentary audit, Tuesday, t...
Electricity rate hike to put weight on businesses
Local manufacturers are highly likely to experience worse business conditions in the months to come, strained by the government's plan to increase electricity rates for industrial use, compounded further by inflation, the sharp depreciation of the Korean currency against the dollar as well as rapid increases in both borrowing costs and key raw material prices, according to ma...
Nat'l Assembly audits begin Tuesday
The parliamentary audit of 783 government organizations will begin, Tuesday, the first National Assembly scrutiny of the Yoon Suk-yeol administration five months into being in office. The audits by 14 standing committees will continue through Oct. 24.
'China-oriented lithium supply chain hurts local battery ecosystem'
Korea needs to diversify the current global supply chain to reduce its growing reliance on China for lithium, a key raw material needed in order to produce battery cathodes, a report showed, Thursday.
LG chief vows to invest in clean tech despite growing uncertainties
LG Group Chairman Koo Kwang-mo reiterated a group-wide commitment to developing clean tech, a technological basis to advance carbon neutrality by transitioning to renewables and recycling electronics goods waste, the firm said Wednesday.