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Reporter : Lee Kyung-min
Wed, November 30, 2022 | 09:06
Gov't to promote locally produced wheat, soybeans to raise food self-sufficiency
The government is accelerating efforts to improve the quality and promote the consumption of locally produced wheat over the next five years, as part of measures to raise the food self-sufficiency rate to over 55 percent.
Renewable energy industry hit by solar panel irregularities
A slew of irregularities and alleged lax management of the renewable energy industry under the previous Moon Jae-in administration are fueling concerns that the entire green energy sector will become collateral damage and fall behind the country's advanced peers, experts said Tuesday. Due punishment for any attempt to defraud the government's grant schemes or collusion among ...
Cooperation to tackle food, climate crisis
Minister of Agriculture, Food and Rural Affairs Chung Hwang-keun, right, and U.S. Ambassador to Korea Philip Goldberg shake hands at a restaurant in Seoul, Tuesday. The two agreed to strengthen cooperation in the agricultural sector, as part of joint efforts to tackle food and climate change issues. Courtesy of Ministry of Agriculture, Food and Rural Affairs
Debt-ridden KEPCO under fire for hefty employee bonuses
Korea Electric Power Corp. (KEPCO), the country's largest utility firm, and 11 of its subsidiaries spent about 2.5 trillion won ($1.7 billion) on employee bonuses over the past five years, according to data provided by a ruling party lawmaker, Tuesday, in what he said was the “height of irresponsible greed” of state-run firms at the expense of taxpayers.
New FTC head vows removal of anti-competitive practices
Fair Trade Commission (FTC) Chairman Han Ki-jeong pledged Monday to gradually ease anti-competitive practices in the market, pursuing a broader policy directive to restore fair competition underpinned by healthy market principles. Unnecessary, unclear and outdated regulations will be removed to help the country's large conglomerates, long bogged down by a lack of predictabili...
Government aims to achieve fully autonomous driving by 2027
The government will seek the full implementation of autonomous driving by 2027, a policy goal buttressed by a series of pilot program plans including late-night operation of driverless buses in select metropolitan areas by 2025, the transport ministry said Monday.
Korea reaffirms commitment to boost cooperation with Asia-Pacific trade partners
Korea's trade minister and top trade negotiator have reaffirmed the importance of cooperation in trade and supply chain issues with the country's peers on a recent visit to countries in the Asia-Pacific regions, the trade ministry said Sunday. Minister of Trade, Industry and Energy Lee Chang-yang and the country's top trade negotiator, Ahn Duk-geun, attended a meeting of econ...
Korea to host ITS congress in Gangneung in 2026
Korea will host the 2026 Intelligent Transport System (ITS) World Congress in Gangneung, Gangwon Province, the transport ministry said Sunday. The Ministry of Land, Infrastructure and Transport said the eastern city won its bid to hold the international event over Taiwan at the LA Convention in the U.S., Saturday (local time). Held every year, the ITS World Congress is the la...
Biz inventory hits 26-year high in Q2 amid recession fears
Korea's business inventory in the April-June period soared 18 percent from the quarter before, in what the business community is considering an indication of a full-fledged economic recession, rather than a temporary slowdown due to external factors, a survey by the Korea Chamber of Commerce and Industry (KCCI) showed, Friday.
Fisheries, shipping industries to reduce greenhouse gas emissions by 70% by 2030
The government will reduce greenhouse gas emissions in the marine and fisheries sectors by 70 percent over the next eight years, as part of its overarching carbon neutrality drive to better respond to global climate change concerns, the oceans ministry said, Thursday. Emissions will be reduced to 1.2 million tons by 2030, down 70 percent from the 4.06 million tons produced in...
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