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Reporter : Lee Kyung-min
Sun, February 25, 2024 | 17:35
Space aviation agency 'desperately needed': science minister
The establishment of the Space Aviation Administration is a task “desperately needed” for the effective management of space exploration initiatives currently scattered across industries and state-funded research institutes, the country's top science policymaker said Thursday.
Highly skilled foreign workers call for eased visa rules, ID system overhaul
Foreign employees of local chip, automotive and telecommunication titans called on the government to ease visa extension and mortgage policies, according to the industry ministry, Wednesday. They said the government should establish a recruitment website to help highly skilled foreign workers access timely job information, and revise social benefit programs to better represen...
Hyundai Motor's Q2 operating profit exceeds 4 trillion won for 1st time
Hyundai Motor said Wednesday that its second-quarter revenue increased 17.4 percent year-on-year to 42.2 trillion won ($33 billion), and operating profit rose 42.2 percent to 4.2 trillion won. This was backed by continued strong demand for its electric vehicles (EV), SUVs and luxury models around the world.
POSCO International signs deals with Indonesia to explore offshore gas fields
POSCO International signed a product distribution contract with Indonesian government organizations and state-run oil firm Pertamina Hulu Energi (PHE) in Tangerang, Indonesia, Tuesday. PHE is a subsidiary of PT Pertamina Hulu Indonesia, the country's state-run oil and gas producer.
Hyundai Motor Group, SNU open battery research center to secure global EV leadership
Hyundai Motor Group announced the establishment of a Joint Battery Research Center set up jointly with Seoul National University (SNU), Tuesday.
Renault Korea's XM3 nearing 200,000 exports to Europe
The popularity of coupe-type small sports utility vehicles (SUV) XM3, or Renault Arkana, manufactured by Renault Korea Motors is increasing, as evidenced by the June sales of the vehicle model jumping to 4,956, up 29.3 percent from the year before, according to the firm, Monday. A total of 97,652 units of Renault Arkana were sold over the past year, leading the Korean automak...
Gov't launches service to produce student-made semiconductors
The government will begin a service whereby undergrads and grad students can make and verify the viability of semiconductors they designed, a process of trial and error intended to enhance the young experts' knowledge and advance chip technology, the science ministry said Monday.
Retailers show mixed responses to fridge door installation policy
Opinions are split over the government's plan to require the installation of doors on all refrigerators at large retail shopping malls and convenience stores, according to market watchers, Sunday.
GSK, Green Cross, Kwang Dong fined for rigging vaccine prices
A total of 32 local and global vaccine manufacturers, distributors and retail sellers were fined a combined 40.9 billion won ($32.1 million) for rigging bid prices of vaccines, the country's antitrust agency said Thursday. Included are global multinational pharma titan GlaxoSmithKline and its local peers - Kwangdong Pharmaceutical, GC Biopharma, SK Discovery, Yuhan and Korea ...
Korean companies face shortage of skilled workers amid rapid population aging
An increasing number of Korean firms are expected to grapple with shortages of highly skilled workers due to the rapidly aging population, a study showed Thursday.