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Fri, June 23, 2017 | 15:50

Biz & Tech > Heavy industries >

Russian forum suggests nuclear as carbon free energy source

MOSCOW, Russia ─ Global energy experts said that nuclear power is one of the key future green energy sources during the 2017 ATOMEXPO held at the Gostiny Dvor exhibition center in Moscow, Russia. It is in stark contrast to the Moon Jae-in administration’s stance for a nuclear-free energy policy, which President Moon has called for since his election campaign. Participants in ...

Heavy industries | 2017-06-21 17:11

Experts question nuclear-free energy policy

Experts question nuclear-free energy policy

MOSCOW, Russia ─ World-renowned energy experts question Korean President Moon Jae-in’s stance on a nuclear-free energy policy, claiming the policy would deal a heavy burden to the Korean people and economy. During this year’s 2017 ATOMEXPO held at the Gostiny Dvor exhibition center in Moscow, Russia, participants said that the recent Korean government’s move to phase out nucl...

Heavy industries | 2017-06-21 17:08

Russian forum suggests nuclear as carbon free energy source

Is Suwon's new battery-powered tram plan going off the rails?

Suwon is pressing ahead with an eco-friendly battery-run tram service, which would be the nation’s first. But the bid has raised concerns over past examples of failure. The third phase of the service’s business evaluation begins in July and will continue in the first half of next year, according to the Ministry of Land, Infrastructure and Transport Tuesday.

Heavy industries | 2017-06-21 16:25

Kumho, KDB on collision course

Kumho Industrial, which owns the Kumho trademark, has refused to accept a demand from the Korea Development Bank (KDB), saying it wants to receive 0.5 percent of Kumho Tire’s revenue as brand royalties from Double Star Tires. After holding a board of directors’ meeting Monday, the company said it decided to stick to its initial terms to protect the value of the Kumho brand, drawing protest from KDB. When signing a sales agreement with Double Star for a 42.01 percent stake in Kumho Tire for 955 billion won ($840 million), KDB promised the Chinese mid-tier tiremaker it could use the Kumho bran...

Heavy industries | 2017-06-19 16:43

Ssangyong E&C wins awards in Singapore

Ssangyong Engineering & Construction (E&C) won a top construction award from the Singapore government for the ninth straight year for building an upscale residence complex in the city state, the company said Friday. The builder said it received the Building and Construction Authority (BCA) awards - one of the industry’s most prestigious honors - in four categories for constru...

Heavy industries | 2017-06-16 16:58

[AIIB] Korean builders pin hopes on AIIB forum

Korean construction companies hope to display their competitiveness at the Asia Infrastructure Investment Bank (AIIB) meeting on Jeju Island, which starts today. After the AIIB’s launch early last month, the number of infrastructure investments in Asia rose and Korean builders have strived to win related contracts.

Heavy industries | 2017-06-15 16:01

[AIIB] AIIB kicks off annual conference on Jeju

Opening character shop

S-Oil CEO Othman al-Ghamdi, center, and company executives celebrate the opening of a corporate character shop, GooDoil Land, at the refiner’s headquarters in Seoul, Wednesday. The shop sells character figures, golf balls and other items with the GooDoil logo on them. / Courtesy of S-Oil

Heavy industries | 2017-06-15 15:14

POSCO offers free AI education to jobseekers

POSCO will offer free educational courses on big data, artificial intelligence (AI) and internet of things (IoTs) for young jobseekers, the steelmaker said Wednesday. The company said professors and researchers at its affiliate Pohang University of Science and Technology (POSTECH) will create both online and offline courses on the Fourth Industrial Revolution. The tech-centered university will provide an eight-week online-based course for jobseekers and others so anyone can learn about the rapidly emerging fields for free.

Heavy industries | 2017-06-14 16:36

K-water teaches how to manage water

K-water, the nation’s public enterprise specializing in water management, has offered international education programs to teach other countries how to manage water resources, based on its 50-year knowhow. By this, the company seeks to expand its global networks and business partnerships overseas. According to K-water, Wednesday, 4,045 people from 97 countries have joined the ...

Heavy industries | 2017-06-14 16:14

Booyoung begins housing venture in Vietnam

Booyoung Group began its first overseas housing venture in Hanoi, Vietnam. The builder said Wednesday it began to sell 756 apartments in two apartment buildings in Molao New Urban Area, Ha Dong District. Its model apartment is on the second floor of Handico Tower. The two buildings will have 364 and 392 apartments, respectively, and the apartment sizes are from 73 to 107 squa...

Heavy industries | 2017-06-14 15:11

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Park's impeachment