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Reporter : Lee Kyung-min
Sun, October 1, 2023 | 19:08
Samsung family takes out stock loans to pay inheritance tax
The wife and children of late Samsung Group chairman, Lee Kun-hee, have taken out a combined 4 trillion won ($3 billion) in stock loans to pay the 12 trillion won in inheritance tax due since he died in 2020, data showed Tuesday.
Korean food's global popularity leads to copycat products in China, Japan
A growing number of food makers in Japan and China are making products similar to or outright copies of Korean food favorites, exploiting the soaring popularity around the world of Korean culture and food.
Luxury brands continue hiking prices in Korea
Luxury fashion and cosmetics brands are raising product prices in Korea ahead of the summer spending spree, despite a series of hikes over the past few years. Morgan Stanley, a global research firm, said purchases of luxury goods made by Koreans came to $16.8 billion (22 trillion won), last year, up 24 percent from the previous year.
KAERI distances itself from Oxford professor's claim on Fukushima water
Korea Atomic Energy Research Institute (KAERI), a government-funded research institute, issued a disclaimer, Friday, distancing itself from a controversial comment made by an Oxford physicist on the safety of Fukushima wastewater two weeks ago.
Mayor promotes Busan's bid to host World Expo 2030 at WCE
Busan Mayor Park Heong-joon has been seeking support from eight of his peers for the port city's bid to host the World Expo 2030, during a session on Friday at the World Climate Industry Expo (WCE), being held in Busan from May 25 to 27.
Advancing ESG drive meets stakeholder demands, enhances access to capital: experts
Businesses practicing carbon neutrality around-the-clock are likely to fully disclose environmental, social and corporate governance (ESG) data, and meet emission reduction targets, a source of stable and greater access to financial capital in the years to come, according to energy transition experts, Friday.
Business leaders discuss joint climate action
Business executives and government officials from around the world discussed ways to advance carbon neutrality at a roundtable session at the World Climate Industry Expo (WCE) held from May 25 to 27 in Busan. They discussed best practices and agreed to bolster international cooperation.
Nuclear energy drives green transition: experts
Russia's invasion of Ukraine sent ripple effects throughout the energy market, pushing up energy prices over the past few years. But at the same time the clean energy transition has become “turbocharged,” with nuclear energy making a strong comeback as a green energy source, according to Dr. Fatih Birol, Executive Director of the International Energy Agency (IEA), Thursday.
Busan climate fair to bolster city's Expo bid
A global climate industry fair in Busan, a candidate for World Expo 2030, will be an excellent opportunity to illustrate Korea's cutting-edge climate technology and its leadership in global solidarity and inclusive growth toward a better greener future, according to the country's senior energy policymaker.
Kakao joins RE100 for sustainable future
Kakao has joined RE100, a global initiative whereby businesses aim to source 100 percent of their energy from renewables, including wind and solar energy, the tech company said Wednesday.
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