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Sun, November 27, 2022 | 04:15
Senior land ministry official develops app for dog walkers
A senior land ministry official has developed a mobile app helping dog owners discover the best routes for walking their pets. Oh Seong-ik, director of the geospatial information division at the Ministry of Land, Infrastructure and Transport, said the app ― jointly developed by piedpuppy, a local app developer ― is a good example of how to best use spatial information for the...
Companies brace for logistics chaos as truckers begin strike
Key local manufacturers are bracing for a logistics crisis brought on by a strike by unionized truckers under the Korean Confederation of Trade Unions (KCTU), Thursday, in what market watchers say was bound to be repeated due to deadlocked negotiations over “unreasonable” labor demands, compounded further by a lack of preventative measures. The all-out struggle amplified by 2...
SK bioscience temporarily halts production of COVID-19 vaccine due to falling demand
SK bioscience, a biotech affiliate of SK Group, said Wednesday that it has temporarily halted the production of SKY Covione, a COVID-19 vaccine, due to plummeting demand amid a declining number of infections.
Korea to reduce dependence on China for exports, eyes Middle East, America and EU
The government will mobilize utmost efforts to fine-tune export strategies, under a broader goal of fortifying Korea's trade balance which is showing signs of a greater-than-expected deficit, according to nine economy-related ministries, Wednesday. Chief among the objectives is strengthening the overseas expansion of 15 growth-driving local manufacturing industries, including...
LG Energy Solution logs highest quarterly earnings in Q3
LG Energy Solution, the rechargeable battery manufacturing affiliate of LG Group, said Tuesday that its sales and operating profit in the third quarter have reached an all-time high, propelled by robust sales in the U.S. and Europe. Sales of 7.64 trillion won ($5.63 billion) in the July-September period were up 89.9 percent from 4.27 trillion won a year earlier and up 50.8 pe...
Korea to build Antarctica's 6th inland station by 2030
The government will build an inland research station in Antarctica by 2030, as part of a long-term plan to elevate the country's standing in the global science and research community, the oceans ministry said Tuesday. About 277.4 billion won ($205 million) will be spent by 2027 to construct the 15,000-ton Araon 2, the latest model of the icebreaker research vessel Araon built...
Gov't to announce tangible Saudi projects before year's end
The government will announce up to 10 trillion won ($7.3 billion) in construction projects in Saudi Arabia, in the latest development in a series of government-level initiatives to solidify mega business deals, Land Minister Won Hee-ryong said Monday. The Korea-Saudi joint projects will be expanded to encompass culture, defense, energy and infrastructure building, in what he ...
Korea's key manufacturers face bleak outlook in 2023
Korea's leading manufactures are expected to face major setbacks in 2023 due to multiple challenges, including declining exports, an industrial downturn, weakened consumer sentiment and surging inventory levels, an industry ministry-affiliated research institute report showed Monday. Compounding the woes of the export-reliant economy are unfavorable global economic and financ...
Korea Ginseng Corp. to promote red ginseng in Qatar
Korea Ginseng Corp. (KGC), a state-run ginseng manufacturer, will promote the positive health benefits of Korean red ginseng in Qatar, where sports fans from around the world will gather for the FIFA World Cup. The quadrennial showpiece international football tournament will begin Nov. 20 (local time) and continue through Dec. 18.
Energy ministry launches K-recycling alliance to stabilize supply chain
The government has launched the K-Recycling Alliance, a public-private cooperation initiative whereby recycling of key minerals will be promoted and strategized to stabilize the supply chain, the energy ministry said. Propelling the initiative are the growing uncertainties in the global supply chain, brought on by Russia's invasion of Ukraine and the drawn-out hegemony-orient...
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