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Thu, June 1, 2023 | 11:17
Green renovation project draws positive responses from schools, public offices
Hankuk University of Foreign Studies (HUFS) library was able to increase its energy efficiency by 53.4 percent as of 2023 compared to 2018, a remarkable improvement led by the Land, Infrastructure and Transport Ministry's green renovation project. The university is among 80 participants in a consortium set up to advance the project led by the ministry to bolster energy effici...
W1 trillion fine against Qualcomm upheld in Supreme Court
The Supreme Court upheld a combined 1 trillion won ($760 million) in fines imposed by the Korea Fair Trade Commission (FTC) on three entities of Qualcomm, Thursday, in broader recognition that the U.S. multinational firm abusing market dominance unfairly hampered the business activities of its weaker competitors. The three are Qualcomm Incorporated, Qualcomm's U.S. headquarte...
POSCO International begins new era as global, eco-friendly enterprise
POSCO International will become a green business, and raise the market capitalization to 23 trillion won ($17 billion) by 2030 backed by energy, steel among new businesses, the company said Thursday. It announced growth strategy and vision with executives and employees in attendance.
Small businesses demand minimum wage freeze
A group of small businesses are balking at a 24.7 percent year-on-year increase in the state-set hourly minimum wage for next year demanded by labor groups, according to market watchers, Wednesday. The group said small businesses are unable to make ends meet due to rising costs. Strengthening their collective demand are sales remaining sluggish since the onset of the COVID-19...
Partner firms follow Samsung into robot business
Electronics, electrical devices and software manufacturing partners of Samsung Electronics are seeking to expand their businesses in the robotics industries, in a long-term strategy underpinned by the robust growth outlook of automated services in the decades to come, according to market watchers, Wednesday. Anchoring the new businesses is a 240 trillion won ($181 billion) in...
Reducing big retailers' operating hours fails to help traditional markets
The government regulations limiting operating hours of large retailers do not help merchants at traditional markets and only benefit their e-commerce peers, according to an expert survey, Monday.
Korea's investments in Vietnam plunge due to strengthened regulations
Korea's investments in Vietnam plunged significantly in the first quarter of this year compared to the same period of 2022, mainly due to tightened labor and safety regulations, according to industry officials and government data, Monday. The marked year-on-year drop contradicts previous market expectations that many global manufacturing powerhouses will move their production...
Busan's enthusiasm, civic pride impressed BIE mission: Busan mayor
The enthusiasm and high level of civic pride shown by Busan citizens led to a successful end to the weeklong visit by an eight-member delegation from the Bureau International des Expositions (BIE), according to Busan Mayor Park Heong-joon, Friday.
Korea to offer $5.3 billion in funding for battery industry
Local battery manufacturers with robust growth prospects in North America will be eligible for a combined 7 trillion won ($5.3 billion) in government funding in the form of loans and guarantees over the next five years, the industry ministry said Friday.
Young Koreans convince BIE mission team of Busan's Expo bid
A group of young Koreans had a luncheon meeting with an eight-member delegation from the Bureau International des Expositions (BIE), Thursday, in an event to promote Korea's bid to host World Expo 2030 as a grassroots movement supported by civic group members, rights advocacies and university students from across the country, according to organizers Thursday. BIE is an interg...
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