search close
Sat, June 3, 2023 | 07:00
Korea to boost share of nuclear power to 34.6% of energy mix by 2036
Korea will increase the proportion of nuclear power to over 30 percent of the country's total energy mix by 2036, while the share of renewable energy will rise to 20 percent, the government said Thursday. The proportion of fossil fuel and liquefied natural gas (LNG) will be drastically reduced to below 15 percent and 10 percent, respectively. The Ministry of Trade, Industry a...
Kakao Entertainment draws equity financing of $964 mil. from Singapore, Saudi Arabia
Kakao Entertainment, a cultural content affiliate of Kakao Corp., said Thursday that it has drawn equity financing to the amount of 1.2 trillion won ($964 million) from leading global sovereign wealth funds. They are Singapore's Government of Singapore Investment Corp (GIC) and Saudi Arabia's Public Investment Fund (PIF).
Should Sejong get KTX station?
Should the KTX bullet train have a stop in Sejong, an administrative city south of Seoul? The long debate resurfaced again recently, sparked by a heated social media spat between Sejong Mayor Choi Min-ho and North Chungcheong Province Governor Kim Young-hwan.
Korea seeks to sign free trade deals with over 10 countries in 2023
Up to 10 resource-rich countries will sign free trade agreements with Korea, in order to weather the rapidly deteriorating global trade as well as economic conditions, the trade ministry said Wednesday. “Korea will identify new overseas markets where strong local players will be able to thrive, a priority equally important as leading the global discourse on establishing trade...
Third launch of Nuri space rocket planned for May: KARI
Korea's Nuri, a space rocket developed by the Korea Aerospace Research Institute (KARI), will be able to launch in early May, the science ministry-affiliated research institute said Tuesday. The first launch in October 2021 failed but the second one in June last year succeeded. A final preparation review will be conducted Wednesday, to get the go-ahead to launch the rocket, a...
Korea's nuclear reactor export bids gain traction in Africa
Officials from state-run nuclear power companies will visit Uganda this week, upon a request from their counterparts in Africa for a consultation to build two 1,000-megawatt (MW) reactors by around 2030, according to market watchers and Korea Hydro & Nuclear Power (KHNP), Tuesday. The project which could amount to $9 billion (11.3 trillion won) is the latest development in th...
Weakening COVID-19 set to boost cosmetics, travel industries
It might be too early to say that the COVID-19 pandemic will end soon. But the Korea Productivity Center (KPC), a local consultancy, says some industries will get a big boost this year as the pandemic is set to become endemic around the world. The KPC publishes the National Customer Satisfaction Index (NCSI) rankings every year.
Severance Hospital tops NCSI ranking for two straight years
Severance Hospital took the top place in the industry-wide National Customer Satisfaction Index (NCSI) rankings for the second year in a row in 2022, according to the Korea Productivity Center (KPC), a local consultancy, Monday. The hospital's score for this year was 85 points, up one point from 2021. Severance Hospital was followed by Samsung Medical Center, Seoul St. Mary's...
[ANALYSIS] Will gov't deregulation measures lead to soft landing of housing market?
Years of heavy demand-control real estate regulations have all but come to an end, scrapped by last week's government measures put in place to engineer a soft landing of the housing market that experienced extreme overheating under the Moon Jae-in administration. Borrowing limits and other requirements were all lifted except in four districts of Seoul - Gangnam, Seocho, Songp...
Transport minister to attend CES
Minister of Land, Infrastructure and Transport Won Hee-ryong will attend the Consumer Electronics Show (CES) 2023 held in Las Vegas from Jan. 5 to Jan. 8, to enhance understanding of global technology trends, including urban air mobility (UAM), autonomous driving, smart city planning, digital healthcare and the metaverse, the ministry said Thursday.