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Reporter : Lee Kyung-min
Wed, November 30, 2022 | 10:09
'Rapid growth of Korea's nuclear power technology threatens US'
Korea will have to navigate a bout of unexpected challenges to win overseas nuclear power plants construction orders, mostly that of political and diplomatic nature irrelevant to cost, quality and commercial viability -- areas where Korea maintains high competitiveness over its advanced global peers, market watchers said, Sunday.
Land minister, builders on trip to win construction projects in Saudi Arabia
A delegation led by Land Minister Won Hee-ryong has embarked on a trip to Saudi Arabia, a key prospective partner in Korea's overseas construction projects, the land ministry said, Friday. The six-day trip is the latest in a government policy initiative to help local builders win overseas construction contracts of $50 billion (71 trillion won) every year through 2027, a drive...
BIXPO 2022 to advance carbon neutrality, sustainable growth
Over 4,000 energy authorities and business executives from around the world gathered in Gwangju, south of Seoul, Wednesday, to share their insights into advancing carbon neutrality initiatives at an annual international conference, according to Korea Electric Power Corp. (KEPCO), the event organizer.
Korea to become battery powerhouse by 2030
The government is aiming to make Korea-produced batteries account for at least 40 percent of global market share by 2030, as assisted by the establishment of an intergovernmental alliance to secure key battery materials, fostering a sustainable industrial ecosystem and expansion of tax credits, the trade ministry said Tuesday.
Korea bolsters spatial data cooperation with Tanzania, Ethiopia
The government will help Tanzania and Ethiopia with effective digital cadaster, as part of an official development assistance (ODA) program, the land ministry said Tuesday. A cadaster is a comprehensive recording of the real estate or property in a country, often represented graphically in a cadastral map.
Daewoo E&C fortifies capabilities to become global construction powerhouse
Daewoo Engineering & Construction is fortifying its capabilities to become a global construction powerhouse, as enabled and underpinned by a strong track record from years of large construction projects involving infrastructure, energy plants and residential and multi-purpose buildings, the firm said Thursday. The firm will celebrate its 50th anniversary next year, a meaningf...
Korea signs MOU, LOI with Poland for nuclear energy cooperation
A group of energy authorities and business executives from Poland signed a letter of intent (LOI) and a memorandum of understanding (MOU) with their Korean counterparts, Monday, for cooperation on a construction project for a nuclear power plant in Patnow, central Poland, the energy ministry said.
Korea to build 1st nuclear decommissioning institute by 2026
The government has begun the construction of the country's first nuclear power plant decommissioning research institute in Ulsan, the energy ministry said Monday. The Institute will develop technologies to ensure safe permanent suspension of nuclear power plants and function as a comprehensive platform to advance radioactive waste analysis.
Businesses cancel Halloween promotions following Itaewon tragedy
Large conglomerates and their consumer-facing service affiliates rushed to cancel Halloween events, Sunday, the day after at least 153 people died in a crowd crush a day earlier in Seoul's Itaewon, according to market watchers. The industry-wide efforts to elevate the Western holiday to an annual sales event with themed promotions and events will be significantly curtailed, s...
Hyundai Motor CEO visits Latin America to promote Busan's Expo bid
Hyundai Motor CEO Chang Jae-hoon is on a trip to three countries in Latin America, a region of key voting power with 29 member countries of the Bureau International des Expositions (BIE), the intergovernmental organization in charge of overseeing and regulating World Expos.
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