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Thu, July 7, 2022 | 13:15
HDC to rebuild partially collapsed apartment complex
HDC Hyundai Development Company, a scandal-tainted construction affiliate of HDC Group, will spend 200 billion won ($157 million) over the next six years to demolish and reconstruct an apartment complex of eight buildings in Gwangju, including one that partially collapsed in January, its former CEO Chung Mong-gyu said, Wednesday.
CHA Biotech's US subsidiary opens CDMO plant in Texas
Matica Biotechnology, a U.S. affiliate of CHA Biotech, has opened a cell and gene therapy manufacturing facility in College Station, Texas, according to the cell therapeutics and stem cell developer affiliate of CHA Medical & Bio Group, Wednesday.
Should Korea build new airport near Gadeok?
The government's controversial plan to build a 13.7 trillion won ($10.8 billion) international airport near Gadeok Island, off the coast of Busan, is facing growing criticism from many environmental activists and economists who claim the project lacks economic feasibility and will destroy the marine environment. The critics also argue building the airport in the sea is politi...
Utility rate hikes to deepen inflation concerns
The continued rise in electricity and gas prices will add to inflationary pressure, already on a rapid upward trajectory over the past year due to soaring import prices and the recovery of the service industry, according to market watchers.
Smart, innovative agriculture expected to advance sustainable growth
The development of advanced agricultural business models powered by artificial intelligence (AI) and smart technologies will lead the innovative growth of the country's farmers, thereby transforming the traditionally labor-intensive industry into a high-tech, research- and capital-intensive growth driver, according to the Rural Development Administration (RDA), a state-run or...
Korea should deregulate to become Asian financial hub: AMCHAM
American Chamber of Commerce in Korea (AMCHAM Korea) called on President-elect Yoon Suk-yeol to remove regulations so as to make Korea the best business destination for global companies in Asia, Sunday.
[INTERVIEW] Korea seeks to take initiative in preventing deforestation
Korea will lead the global initiative in preventing deforestation by 2030, an agenda that will take center stage at the 15th World Forestry Congress to be held this week in Seoul, according to the country's top forestry policymaker. The extremely challenging yet tangible goal requires action- and commitment-oriented leadership, anchored by extensive experience in forestry dev...
When will KAIST establish medical school?
Skepticism has been growing over a controversial plan by the Korea Advanced Institute of Science and Technology (KAIST) to establish a new medical school in 2027, due to opposition from doctors, medical students and residents, Thursday.
SK bioscience closer to obtaining approval for COVID-19 vaccine
SK bioscience, a local biotech affiliate of SK Group, said Monday that its COVID-19 vaccine candidate GBP510 showed more successful, better immune responses compared to those formed by AstraZeneca's vaccine, when measured by immunogenicity. Immunogenicity is the ability of a foreign substance, such as an antigen, to provoke an immune response in a human body.
Galaxy S22 preorders rise in Japan
Expectations are mounting that Samsung Electronics will be able to report better-than-expected sales in Japan, as indicated by the number of preorders for the new Galaxy S22 series, which increased 50 percent compared to the S21 series.
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