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Reporter : Park Jae-hyuk
Fri, July 1, 2022 | 01:39
Foreign businesspeople learn new perspective on Korea's economic growth
Foreign businesspeople in Korea learned fundamental factors of Korea's economic growth, sharing opinions about strategies for the country to attract foreign direct investment (FDI), during a forum in Seoul hosted by the Korea Trade-Investment Promotion Agency (KOTRA) and the Finland Chamber of Commerce and Industry in Korea, Thursday.
SpaceX's plan to launch Starlink service in Korea next year draws mixed reactions
Consumers and experts have differed on SpaceX's latest announcement of its plan to start offering satellite internet service using Starlink in Korea next year. While consumers have remained skeptical about demand for the service in this country, which already has the world's fastest average internet connection speeds, experts mentioned its commercial potential, urging authori...
What's next for Korea's space program after successful launch of Nuri?
Korea's plan to send a landing module to the Moon by 2031 using a locally developed space rocket has gained momentum thanks to the successful launch of Nuri, according to aerospace experts, Wednesday.
KAI, Hanwha, Hyundai Heavy behind Nuri's successful launch
The successful launch on Tuesday of the Nuri rocket, also known as Korean Space Launch Vehicle II (KSLV-II), was the result of efforts by more than 300 private enterprises that took part in the 2 trillion won ($1.5 billion) government project, according to industry officials, Wednesday. Contributing to the design, manufacture, testing and launch of the locally-developed space...
Yoon urged to enable Korea to fulfill potential as global business hub
President Yoon Suk-yeol should accelerate efforts to abolish regulations conflicting with international standards, in order to prevent Korea from repeating failures in its decades-long drive to become a global business hub, according to business leaders from the U.S. and Europe as well as renowned Korean experts participating in the 2022 Korea Times Forum, Tuesday.
'Time for Korea to be world's lighthouse across sustainability, digital'
Korea should take advantage of its strength in technology to take the lead in sustainability and digital transformation, both of which are viewed by global leaders as the key topics of our time, according to Bob Sternfels, the global managing partner of McKinsey & Company. Regarding the two topics as the key drivers and essential prerequisites for the future of business, the ...
Nuri rocket placed on launch pad for 2nd liftoff attempt
The Nuri space rocket was placed on a launch pad at Naro Space Center in Goheung, South Jeolla Province, Monday, a day before its liftoff on Tuesday to push a 1.5-ton satellite into a low orbit of between 600 kilometers and 800 kilometers above the Earth. The first launch attempt was called off last Wednesday due to a technical glitch found in an oxidizer tank sensor. The pro...
60th anniversary of Kotra
Korea Trade-Investment Promotion Agency (Kotra) CEO Yu Jeoung-yeol delivers a commemorative speech during an event celebrating the 60th anniversary of the agency's establishment at its headquarters in Seoul, Monday. Yu pledged to improve support for Korean exporters through digitalization. Courtesy of Kotra
LG Chem to produce hydrogen to achieve net-zero by 2050
LG Chem will build a plant with the capacity to produce 50,000 tons of hydrogen annually by the second quarter of 2024 in Daesan, South Chungcheong Province, as part of its long-term sustainability drive to achieve net zero by 2050, the company said, Monday. This is the first time for the chemical firm to produce pure hydrogen, although it has produced hydrogen as a byproduct...
[INTERVIEW] Korea urged to boost trade with Africa to win support for Busan Expo
Africa has emerged recently as one of the major focuses of the Korean government, since support from countries of the African continent will be essential for Busan to win the race against Saudi Arabia's Riyadh, Italy's Rome and Ukraine's Odesa to be selected as the venue for the 2030 World Expo.
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