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Reporter : Lee Kyung-min
Tue, January 31, 2023 | 22:07
Coupang achieves first-ever earnings surplus in 2nd quarter
Coupang registered $66.17 million (86.2 billion won) in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in the second quarter of this year, marking the first surplus since the launch of the e-commerce giant in 2014, it said Thursday. Operating profit came to $67.14 million, down 87 percent from the year before and falling below 100 billion wo...
Agriculture ministry to promote exports of smart farming tech, foster young experts
The government will nurture young farmers with ideas for promising growth models, underpinned by increased financial support, training and educational opportunities to advance the traditional industry, the agriculture minister said, Wednesday. The new policy objectives outlined by Minister of Agriculture, Food and Rural Affairs Chung Hwang-keun will power the country's effort...
Samsung Electronics in tougher business environment than TSMC
Korea's Samsung Electronics, the top global memory chipmaker and the world's second-largest foundry business, falls behind top market player TSMC, a Taiwan-based global foundry business leader, hobbled by heavy corporate tax, higher labor costs and a shortage of workers, a private think tank said, Wednesday
Surging costs of living push people to take side jobs
Choi Sun-hoo, a father of two living in Sejong, an administrative city south of Seoul, recently began working as a delivery man on weekends. “I'm a salaryman, and my monthly paycheck alone is hardly enough to support my family,” he said. His two children, both middle schoolers, go to private cram schools for Korean, math and English. Their education costs have not been low, b...
'Gov't should help manufacturers digitize fast to overcome global supply chain risks'
The government should fortify policy assistance to help manufacturers swiftly digitize, as prompted by the continued efforts of Korea's advanced global peers to tackle global supply chain disruptions and soaring costs of raw materials, a government research organization suggested, Sunday.
Danuri lunar orbiter set for launch
Korea's lunar orbiter, Danuri, is fully prepared for a successful launch on Friday, according to the state-run aeronautics and space agency, Thursday. The orbiter, otherwise known as the Korea Pathfinder Lunar Orbiter (KPLO), was developed by the Korea Aerospace Research Institute (KARI), with assistance of the U.S.'s National Aeronautics and Space Administration (NASA).
Samsung, SK, Lotte, POSCO take carbon capture tech to Southeast Asia
An increasing number of local conglomerates are seeking to fortify carbon capture utilization and storage (CCUS) business cooperation with Southeast Asia, a move to maximize mutual interests through combining their need to identify storage facilities with the group of countries' substantial dependence on fossil fuels, according to market watchers, Wednesday. They are energy a...
Oceans ministry to release last of eight captive dolphins
The government is accelerating preparations to free the last captive Indo-Pacific bottlenose dolphin, named Beebong, to oceans off Jeju Island, as illustrated by months of training to help it readjust to the wildlife environment, according to officials, Wednesday.
Renewable energy shares rally on high energy prices
Shares of solar, wind and other renewable energy companies are on a steep rise, propelled by the passage of a U.S. inflation reduction bill and Russia's invasion of Ukraine that triggered a global energy crisis, market watchers said Tuesday. The U.S. Inflation Reduction Act will enable investments of $369 billion (481 trillion won) in energy security and climate solutions.
LX criticized for 'monopolization' of cadastral survey market
Korea Land and Geospatial Informatix Corp. (LX) came under fire over what small market players have characterized as “monopolization” of the lucrative cadastral survey market, according to officials, Tuesday.