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Reporter : Lee Kyung-min
Tue, May 30, 2023 | 19:54
Shipbuilders desperately need more foreign workers
Local shipbuilders and key parts manufacturers called for measures to revise visa programs to make it easier to hire more foreign workers with hands-on experience, according to the industry ministry, Thursday. The collective demand is in line with Korea's lead in the industry amid a rapid recovery of global demand, underpinned by more buyers opting for high-value, green vesse...
LS Electric-SCG partnership looks to fortify microgrid biz
LS Electric, the power supply solutions affiliate of LS Corp., will partner with Siam Cement Group (SCG), the second-largest firm in Thailand specializing in cement-building, materials and chemicals, to fortify its microgrid business in Southeast Asia, according to the firm, Thursday.
Coupang posts earnings surprise in Q1
Coupang, a New York Stock Exchange-listed, Seoul-based e-commerce firm, registered an operating profit of over $107 million in the first three months of this year, despite recession woes fanned by higher borrowing rates and inflation, market watchers said Wednesday.
Korea to propel lead as global shipbuilding powerhouse
The government will expand refund guarantee financing, bolster investments and increase the number of foreign workers for shipbuilders, in a coordinated policy drive to help the local growth-driver industry cement its lead globally, according to the industry, justice ministries and the financial policy regulator, Wednesday.
Korea bolsters deals with Saudi Arabia for smart cities, UAM, robotics
Over 200 business executives, transport authorities and sovereign funds of Korea and Saudi Arabia agreed to fortify bilateral cooperation, Tuesday, in a joint commitment to creating a virtuous cycle of IT-powered green city planning in the fossil fuel-rich country, the land ministry said Tuesday.
SK hynix engineers vow to lead in HBM memory chip sector
A team of SK hynix engineers said they will continue with their efforts to advance the semiconductor industry, according to the country's leading chipmaker, Thursday.
[1st YEAR in OFFICE] President strives to create biz-friendly conditions
Since his inauguration, President Yoon Suk Yeol has made attempts to restore market-oriented growth and root out what he calls the “deviant behaviors” of some labor unions, under a drive to revitalize an economy scarred by the COVID-19 pandemic and other external economic shocks.
Agriculture minister vows to boost food security, foster young farmers
Promotion of greater use of floury rice to help bolster food self-sufficiency, fostering of IT-savvy young farmers and agricultural land zoning to prevent haphazard development in rural areas will be the top three priorities of the government, the country's top agriculture policymaker said Monday. Underpinning the first of three - the food security initiative - is Korea's flo...
Decision on electricity rate for Q2 expected this month
The government and the ruling People Power Party (PPP) are in the final stages of talks to set the electricity rate for the second quarter of this year. An announcement is expected to be made before June, according to market watchers, Friday. At issue is how much electricity fees should be allowed to rise, which is a politically sensitive step that could sour public support f...
Refiners' earnings outlooks bleak in Q2
The earnings outlooks of local refineries are expected to be somewhat underwhelming in the second quarter, hobbled by weakening demand due to the global economic downturn, according to market watchers, Friday.
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