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Reporter : Lee Kyung-min
Sat, June 3, 2023 | 06:03
Trade minister highlights role of nuclear energy in combating climate change
Trade Minister Ahn Duk-geun stressed the role of nuclear energy to navigate climate change, at the World Economic Forum 2023, also known as the Davos Forum, in Switzerland, according to the trade ministry, Thursday. At the Polish House discussion session, he reiterated that the global community should recognize the need to better utilize nuclear energy amid the energy crisis ...
Korea attracts $300 mil. in investments from Danish wind turbine producer
Korea has attracted a $300 million (371 billion won) investment from Vestas, a Danish wind turbine manufacturer, the industry ministry said Wednesday. The government also seeks to bring in a combined $500 million in investments from Merck Life Science and Novartis, two major Europe-based global health and biopharmaceutical players.
Korea vows to bolster energy cooperation with Poland, Czech Republic at Davos
Minister of Trade, Industry and Energy Lee Chang-yang held a series of bilateral meetings with his Polish and Czech counterparts at the World Economic Forum, otherwise known as the Davos Forum, held in Switzerland from Monday through Friday (local time), the ministry said Wednesday.
LG Uplus, Naver join hands for music business
LG Uplus, a mobile network operator affiliate of LG Group, and Naver, the operator of the country's largest online portal, have teamed up to provide integrated music and entertainment media services, according to the two firms, Wednesday. The LG affiliate said its users will be able to stream music without limits on Vibe, a Naver-operated music streaming service, for a monthl...
Samsung supports Busan's World Expo bid in Davos
A train passes by a billboard designed by Samsung Electronics that has been put up on the wall of a building in Bahnhofstrasse, Davos, Switzerland, Monday (local time). The sign says Samsung promotes Korea's bid to host World Expo 2030 in Busan. Courtesy of Samsung Electronics
Transport ministry to advance automated rail operation to prevent accidents
The government will accelerate efforts to automate train operations, in the hope of preventing train further accidents, the transport ministry said Tuesday. Also ordered was the resumption of the previous work shift system, scrapping the current one whereby fewer workers of Korail, a state-run rail operator, handle greater train operation-related work.
KEPCO accelerates net-zero drive with UAE
Korea Electric Power Corp. (KEPCO) and Emirates Nuclear Energy Corp. (ENEC), its counterpart in the United Arab Emirates (UAE), are accelerating efforts to fortify green and sustainable energy cooperation, under a broader goal of elevating the net-zero drive to a new growth engine, the Korean state-run energy firm said Tuesday. Sunday's agreement between KEPCO CEO Cheong Seun...
Chaebol tycoons facilitate President Yoon's business agenda
Korea's chaebol leaders are expected to advance “business diplomacy,” the chief objective of President Yoon Suk Yeol during his eight-day trip to the United Arab Emirates (UAE) and Switzerland, according to market watchers, Monday. Anchoring their rosy outlook is the reiterated commitment of Yoon and his UAE counterpart to the bilateral cooperation encompassing trade, defense...
Korea's property tax to GDP highest among OECD: lawmaker
Koreans faced the heaviest property tax burden relative to the country's gross domestic product (GDP) among OECD members in 2021, resulting from multiple failed real estate policies under the previous Moon Jae-in administration, a ruling party lawmaker said Friday.
Team Korea to bolster exports of nuclear energy systems
State-run energy companies and private firms in the nuclear energy industry will join hands to advance exports of the stable and affordable power generation systems, the energy ministry said following a meeting attended by officials from the sector, Friday. The Korea-developed APR1400, a nuclear reactor with a capacity of 1,400 megawatts, is increasingly recognized by its ind...