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Reporter : Lee Kyung-min
Thu, July 7, 2022 | 12:37
UAE nuclear energy authority visits Korea to boost cooperation
A delegation from the United Arab Emirates (UAE) will stay in Korea through Friday to accelerate bilateral cooperation in the long-stalled joint nuclear business, the energy ministry said Wednesday. Underpinning the fruitful outcome of their weeklong stay is a recent rush of shifts in Korea's energy policy under the Yoon Suk-yeol administration.
Science minister pledges full support to bolster semiconductor workforce
The science minister expressed his commitment to making large investments in order to nurture over 3,140 highly-skilled professionals in the semiconductor industry over the next five years, in the latest announcement of long-term investment plans to foster a key national growth driver, according to the ministry and industry sources, Tuesday.
Korea-US alliance to boost local nuclear power industry
Korea's leading firms are fortifying investments in their nuclear power businesses, propelled by the rapidly elevated standing of the long-shunned power source at the recent Korea-U.S. summit, according to market watchers, Wednesday. During their three-day summit, Presidents Yoon Suk-yeol and Joe Biden reaffirmed their commitment to the development and advancement of a cheape...
Oceans ministry to inspect working conditions of foreign fishermen
A group comprised of the government, vessel operators and fishermen's unions will conduct a survey and on-site inspections on deep-sea fishing vessels over the next month, in an effort to improve the human rights and working conditions of fishermen of foreign nationality, the oceans ministry said, Sunday.
Samsung Display to close LCD business
Samsung Display has decided to close its liquid-crystal display (LCD) business in June, hobbled by a declining global competitive edge due to cheaper products made by its Chinese and Taiwanese counterparts, according to the industry, Sunday. No investment plan details have since been announced.
Samsung to invest 450 trillion to cement lead in chip, bio sectors
Samsung Electronics will invest 450 trillion won ($355 billion) in the high-tech manufacturing of semiconductors, bio sectors and advanced telecommunications over the next five years, the company said Tuesday. This is the single largest domestic investment the chip giant has made so far.
Samsung, Hyundai Motor become Korea's strategic assets after Yoon-Biden summit
Samsung Electronics and Hyundai Motor have cemented themselves as Korea’s strategic assets representing new key national security priorities, lifted by the nation's growing economic ties with the United States after U.S. President Joe Biden's recent visit to Seoul, business groups and market watchers said Tuesday.
Can KEPCO reverse worsening financial soundness?
Korea Electric Power Corp. (KEPCO) should adopt a policy that allows volatile global oil and coal prices to be reflected in billed utility rates without government intervention, according to economists and company officials Monday. The renewed recommendation is buttressed by the state-run energy firm's staggering operating loss of nearly 8 trillion won ($6.3 billion) in the f...
POSCO to transform itself into eco-friendly steelmaker
POSCO plans to spearhead discussions on transforming coal-based steelmaking into a green, sustainable project, the Korean steel giant said Monday.
New double agenda for President Yoon Suk-yeol
A new presidency raises hope for the inauguration of a new era for the Republic of Korea as well, with the bold reformation of faulty policies and the launching of new ones that will allow the country to prosper and people to have a better life. The key difference for the new administration from many previous ones is that it is the first to lead a country acknowledged by the ...
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