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Reporter : Lee Kyung-min
Sun, November 27, 2022 | 14:30
POSCO International, NongHyup Feed team up for stable animal feed supply
POSCO International, a trading affiliate of steel giant POSCO, is strengthening its cooperation with NongHyup Feed, an animal feed manufacturing affiliate of the National Agricultural Cooperative Federation, for a stable supply of key input produce materials, according to the two firms, Wednesday.
KEPCO to borrow from banks to stabilize bond market
Commercial lenders will grant up to 10 trillion won ($7.2 billion) in loans to Korea Electric Power Corp. (KEPCO) before the year's end, to limit further financial market dislocation sustained by top-rated, government-guaranteed bonds issued by the state-run energy firm, according to market participants, Wednesday. The government-recommended measure is intended to help KEPCO ...
K-Chips Act in limbo due to DPK's 'anti-biz' politicking
The competitive edge of the local chip industry will fall behind its global peers, as stunted by the blind push of the Democratic Party of Korea (DPK) against a bill introduced to foster the growth driver industry, according to market watchers, Tuesday. The main opposition party claims the bill is designed only to “cut taxes for the rich.” Further fueling concerns is Korea's ...
Korea braces for winter energy crisis
Korea is expected to grapple with soaring energy prices this winter, as evidenced by about a 40 percent spike in heating costs this year, brought on by elevated global key commodity prices in the wake of Russia's invasion of Ukraine, according to market watchers, Monday. Further advancing the grim outlook is the rapid weakening of the Korean currency against the U.S. dollar, ...
KORAIL hit for worker's death, derailment
Land Minister Won Hee-ryong called for a fundamental and complete overhaul of Korea Railroad Corp. (KORAIL), the state-run rail operator, Monday, after a train had derailed late Sunday. The accident that caused injuries to at least 34 passengers came less than a day after a maintenance worker died while working, Nov. 5.
'Rapid growth of Korea's nuclear power technology threatens US'
Korea will have to navigate a bout of unexpected challenges to win overseas nuclear power plants construction orders, mostly that of political and diplomatic nature irrelevant to cost, quality and commercial viability -- areas where Korea maintains high competitiveness over its advanced global peers, market watchers said, Sunday.
Land minister, builders on trip to win construction projects in Saudi Arabia
A delegation led by Land Minister Won Hee-ryong has embarked on a trip to Saudi Arabia, a key prospective partner in Korea's overseas construction projects, the land ministry said, Friday. The six-day trip is the latest in a government policy initiative to help local builders win overseas construction contracts of $50 billion (71 trillion won) every year through 2027, a drive...
BIXPO 2022 to advance carbon neutrality, sustainable growth
Over 4,000 energy authorities and business executives from around the world gathered in Gwangju, south of Seoul, Wednesday, to share their insights into advancing carbon neutrality initiatives at an annual international conference, according to Korea Electric Power Corp. (KEPCO), the event organizer.
Korea to become battery powerhouse by 2030
The government is aiming to make Korea-produced batteries account for at least 40 percent of global market share by 2030, as assisted by the establishment of an intergovernmental alliance to secure key battery materials, fostering a sustainable industrial ecosystem and expansion of tax credits, the trade ministry said Tuesday.
Korea bolsters spatial data cooperation with Tanzania, Ethiopia
The government will help Tanzania and Ethiopia with effective digital cadaster, as part of an official development assistance (ODA) program, the land ministry said Tuesday. A cadaster is a comprehensive recording of the real estate or property in a country, often represented graphically in a cadastral map.
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