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Reporter : Lee Kyung-min
Sun, May 29, 2022 | 04:43
Samsung to invest 450 trillion to cement lead in chip, bio sectors
Samsung Electronics will invest 450 trillion won ($355 billion) in the high-tech manufacturing of semiconductors, bio sectors and advanced telecommunications over the next five years, the company said Tuesday. This is the single largest domestic investment the chip giant has made so far.
Samsung, Hyundai Motor become Korea's strategic assets after Yoon-Biden summit
Samsung Electronics and Hyundai Motor have cemented themselves as Korea’s strategic assets representing new key national security priorities, lifted by the nation's growing economic ties with the United States after U.S. President Joe Biden's recent visit to Seoul, business groups and market watchers said Tuesday.
Can KEPCO reverse worsening financial soundness?
Korea Electric Power Corp. (KEPCO) should adopt a policy that allows volatile global oil and coal prices to be reflected in billed utility rates without government intervention, according to economists and company officials Monday. The renewed recommendation is buttressed by the state-run energy firm's staggering operating loss of nearly 8 trillion won ($6.3 billion) in the f...
POSCO to transform itself into eco-friendly steelmaker
POSCO plans to spearhead discussions on transforming coal-based steelmaking into a green, sustainable project, the Korean steel giant said Monday.
New double agenda for President Yoon Suk-yeol
A new presidency raises hope for the inauguration of a new era for the Republic of Korea as well, with the bold reformation of faulty policies and the launching of new ones that will allow the country to prosper and people to have a better life. The key difference for the new administration from many previous ones is that it is the first to lead a country acknowledged by the ...
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...
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