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Reporter : Lee Kyung-min
Sun, November 27, 2022 | 00:04
Mega deals with Saudi Arabia signal new Middle East boom for Korea
Korea and Saudi Arabia have made deals worth up to 40 trillion won ($30 billion) for joint economic cooperation in major industries, including manufacturing, smart technology, bio and healthcare, city planning, infrastructure building, energy, agriculture, environment and gaming, the industry ministry said Thursday.
Joint cooperation in defense sector
Minister of Trade, Industry and Energy Lee Chang-yang, right, and Airbus Defence and Space CEO Michael Schoellhorn pose for a photo at the Seoul Government Complex in Gwanghwamun, Wednesday. They agreed to bolster cooperation in the aerospace and defense industry. Yonhap
Korean firms seek to build green hydrogen plants in Saudi's Neom
A local public-private energy consortium is seeking to build a green hydrogen and ammonia plant in Neom, Saudi Arabia, the industry ministry said, Wednesday. This project is the latest effort to spearhead joint growth opportunities between Korea and the Middle Eastern country over the five-stage construction project of $500 billion (662 trillion won) involving the new smart c...
Korea to celebrate 3rd Kimchi Day
Kimchi, a fermented Korean delicacy, is increasingly gaining ground all around the world, as underpinned by its health benefits from fresh ingredients and how they are prepared. The vegetable-based dish seasoned with spices and fermented seafood needs no additives or preservatives, unlike processed foods.
Yoon stresses importance of private sector-led digitization
President Yoon Suk-yeol stressed the importance of private sector-led digitization during a keynote speech at the B20 Summit, the official G20 dialogue forum for the global business community, according to the trade ministry, Monday. “The private sector-led supply innovation should be the answer to solving the supply shock-induced global economic crisis,” he said during the s...
FTC to take stern measures against Kakao, Hankook Tire
Kakao Corp. and Hankook Tire are in the crosshairs of Fair Trade Commission (FTC) Chairman Han Ki-jeong, who pledged Monday to implement strict measures against the scandal-ridden IT and tire manufacturing giants. Han's drive seeks to rein in the growing online platform monopoly of Kakao and the corrupt corporate practices of Hankook in granting cost advantages to its affilia...
Samsung SDI, Sungkyunkwan University to nurture 100 battery experts by 2032
Samsung SDI, the battery manufacturing affiliate of Samsung Group, and Sungkyunkwan University will establish joint courses whereby 100 young promising undergrads will be educated and trained to develop their interests and careers in the secondary battery industry over the next decade, the firm said Sunday. The program is the latest in a series of future growth strategies out...
President naming campaign aides to head public energy firms stirs controversy
Criticism has intensified over President Yoon Suk-yeol's appointments of a slew of unqualified political figures as the heads of state-run energy firms, as a reward for campaigning for him in the last presidential election, according to market watchers, Sunday. Choi Yeon-hye, a former lawmaker of the conservative Liberty Korea Party, a predecessor of the ruling People Power P...
Korea partners with Saudi Arabia for growth
Korea is fortifying cooperation with Saudi Arabia, a prospective partner in the expansion of Korea's key industries including construction, shipbuilding and marine engineering, according to the trade and land ministries, Thursday. The areas of joint cooperation will include digital and smart infrastructure building, intellectual property rights, culture, hydrogen energy, smar...
Government to inspect 35 risk-prone mines
A total of 35 risk-prone mines will undergo strenuous on-site inspections before the year's end, as part of efforts to prevent cave-ins, the industry ministry said Wednesday. The 35 among 325 mines nationwide are where deaths and serious injuries of workers have been reported within the last three years.
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