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Reporter : Lee Kyung-min
Sat, June 3, 2023 | 07:35
Internal rift at KARI feared to adversely affect Korea's space program
The government initiative to fortify space programs is showing rapid signs of weakening, a concern escalated by a series of resignations offered by key senior researchers at the Korea Aerospace Research Institute (KARI), the developer of the Nuri space rocket, or KSLV-II. The Nuri is a three-stage launch vehicle, and the nation's second rocket after the Naro-1.
Merger of KORAIL and SR postponed
The merger of state-run Korea Railroad Corp. (Korail) and its subsidiary SR Corp., operator of the Super Rapid Train (SRT) rail service, has been postponed for further discussion to remove pandemic-related factors, the transport ministry said Tuesday.
'Happy employees make happy company': LG Energy Solution
LG Energy Solution, the rechargeable battery manufacturing affiliate of LG Group, said it will fortify corporate growth, Monday, defined by greater emphasis on employee happiness and satisfaction, a key strategy for retaining skilled young workers. Firm CEO Kwon Young-soo said earlier this year on the company's intranet that he would listen to the concerns and opinions of emp...
Science minister distances himself from KARI restructuring controversy
Minister of Science and ICT Lee Jong-ho expressed hope that an internal dispute over the organizational restructuring of Korea Aerospace Research Institute (KARI), the developer of the Nuri space rocket or KSLV-II, would be resolved soon. Nuri is a three-stage launch vehicle, and the second rocket after Naro-1. Whether six senior KARI researchers, including Ko Jeong-hwan, hea...
Hanwha inks main contract to acquire DSME
Hanwha Group's acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) was completed, Friday, after the government approved a motion for state-run Korea Development Bank (KDB) to sell part of its 55.68 percent stake in the debt-ridden shipbuilder to the country's seventh-largest conglomerate.
KEPCO seeks to build 4 nuclear reactors in Turkey
Korea Electric Power Corp. (KEPCO) plans to build up to four nuclear reactors in Turkey, according to the state-run energy firm, Thursday, in what market watchers say will generate up to 40 trillion won ($ billion) in export income.
Seaweed, tuna propel Korea's record marine product exports to $3 bil.
Korea's marine product exports are expected to register a record high of over 4 trillion won ($3 billion) this year, powered by the popularity of seaweed and tuna in Southeast Asia, the oceans ministry said Wednesday. Anchoring this optimism is the figure having exceeded the ministry's goal of $3 billion on Dec. 9.
Korea to invest over $1.5 bil. to revitalize nuclear power industry
Korea will be able to meet higher-than-expected energy demand this winter following the construction of Shin Hanul unit 1 at the Shin Hanul Nuclear Power Plant in Uljin, North Gyeongsang Province, the energy ministry said Wednesday. The full-fledged operation of Korea's 27th nuclear reactor on Dec. 7, which took 12 years to build, will help reduce the country's dependence on ...
Gov't rejects demand for unconditional extension of minimum freight rate
The government will not accept a demand by the main opposition party and the truckers' union to extend for three more years a much-disputed law guaranteeing unionized truckers a minimum freight rate, stressing it will instead overhaul how truckers are paid in order to prevent a repeat of the devastating strike by truck drivers, the transport minister said Monday. Minister of ...
Hyundai Motor dealers to help underprivileged, chronically ill children
A total of 15 car dealers of Hyundai Motor have jointly established a 20 million won ($15,239) fund to help underprivileged, chronically ill children with their medical expenses, the firm said Monday. The donation was made in the form of a matching grant, whereby the firm matched a previous 10 million won donation by 15 employees.