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Reporter : Park Jae-hyuk
Tue, November 29, 2022 | 17:08
Uncertainties grow over Korea's anticipated 2nd construction boom in Middle East
Concerns have emerged once again over potential risks inherent in construction projects in the Middle East, since Saudi Arabia's Crown Prince Mohammed bin Salman is said to be skipping his visit to Korea, which was expected to take place next month. Citing diplomatic sources, a local media outlet reported Monday that the Middle Eastern country's de facto leader decided to vis...
Skepticism rises over Korea's heavy reliance on Kakao
The longest-ever malfunction of Korea's most popular mobile messenger app, KakaoTalk, and its related services prompted users to rethink their heavy reliance on the tech firm. After a fire on Saturday damaged Kakao's main data center at SK C&C's building in Seongnam, Gyeonggi Province, users began looking for alternatives to Kakao's services, as the disruption has not only in...
KOTRA slammed for insufficient preparedness for US IRA
Lawmakers of both the ruling People Power Party (PPP) and the main opposition Democratic Party of Korea (DPK) leveled criticism at the Korea Trade-Investment Promotion Agency (KOTRA) for its insufficient preparedness for the U.S. Inflation Reduction Act (IRA). The agency's local office in Washington, D.C. was also criticized for being negligent in its duty to strengthen its p...
Easier entry for Korean importers into China
Korea Importers Association (KOIMA) Chairman Kim Byung-kwan, right, shakes hands with Chinese Ambassador to Korea Xing Haiming at the association's headquarters in Seoul, Friday. KOIMA said the ambassador promised to help the association's members get entry visas for China issued more easily. Courtesy of KOIMA
SK Innovation vows to offset 100 years of carbon emissions by 2062
SK Innovation seeks to remove greenhouse gases equivalent to the amount it has produced since its establishment in 1962, by the time the oil refiner marks its 100th anniversary in 2062, the company said at Thursday's event to celebrate its 60th anniversary.
Samsung's ESG strategies draw attention from foreign businesspeople
Foreign businesspeople in Korea showed keen interest in Samsung Electronics' New Environmental Strategy, which was unveiled a month ago and introduced in detail during a forum hosted jointly on Thursday by the Korea Trade-Investment Promotion Agency (KOTRA) and the Korean-German Chamber of Commerce and Industry. Chung In-hee, vice president of Samsung Electronics' Corporate S...
Hanwha Q Cells accelerates solar cell R&D to maximize benefits from US IRA
JINCHEON, North Chungcheong Province - Thousands of pieces of equipment and hundreds of robots test the mass production of high-performance TOPCon solar cells on a 300-meter production line, inside a factory of Hanwha Solutions Q Cells Division in the county of Jincheon. Although more than 2,000 employees work for the Jincheon plant, most of them do not work next to noisy ass...
SK Nexilis unfazed by Lotte Chemical's acquisition of Iljin Materials
JEONGEUP, North Jeolla Province ― Dozens of electroplating machines produce copper foil for electric vehicle (EV) batteries, at a standard width of 14 meters, thickness as little as 4 micrometers and lengths of up to 77 kilometers, at SK Nexilis' fifth production line in the southwestern city of Jeongeup. Automatic cranes hanging from the ceiling and automated guided vehicles...
Competition heats up over development of eco-friendly construction equipment
The global trend of pursuing carbon neutrality to cope with the climate crisis is also prevalent in Korea's construction industry. Manufacturers of construction equipment here have also vied fiercely to achieve early dominance in the eco-friendly construction equipment market.
SK Innovation to invest $3.5 billion in Ulsan complex by 2027 for net-zero emission
ULSAN ― Twisted oil pipelines longer than the distance between the Earth and the Moon are coiled up inside Korea's oldest refinery that sits on an 8-million-square-meter industrial complex in this southeastern port city. Rusty steel frames and worn-out factory buildings attest to the age of the industrial complex dating back six decades.
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