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Reporter : Lee Kyung-min
Fri, January 27, 2023 | 11:27
People attempt to cut surging heating costs with creative solutions
A man in his 20s, surnamed Kim, has set up a tent over his bed, a decision he said has greatly helped with the recent cold wave. He lives alone in a small housing unit that provides centralized heating. “I was unsure about it at first,” he said. “But now that I have used it for a couple of days, I understand why this was so popular online. It's better than you think. I highly...
Koreans stunned by spike in heating costs
An office worker in her 30s surnamed Lee had to take a harder look at her December gas bill. It showed she was being charged almost 50 percent more than the year before. “There are four people in my family and the rate was 550,000 won ($449), far higher than last year's which was around 350,000 won.”
Energy demand peaks during cold wave
An employee of Korea Electric Power Corp. (KEPCO) monitors real-time electricity supply in the control room of the state-run energy firm's regional headquarters in Gyeonggi Province, Wednesday, as the country's energy demand spiked amid a severe cold wave. Yonhap
Instant noodle exports hit record high last year
Instant noodle exports hit an all-time high of over $765 million (945.3 billion won) last year, powered by an increasing number of people having meals at home due to the COVID-19 pandemic. Data from Korea Customs Service showed that exports of instant noodles reached $765.43 million, up 13.5 percent from a year earlier.
Entrepreneurs hope to hear about lower borrowing rates, end of COVID-19 this year
One in two local businesses said news of lower borrowing rates would be the most welcome development this year, according to a survey, Sunday. The Korea Chamber of Commerce and Industry (KCCI) surveyed 3,267 businesses, asking which news headlines they would want to see the most this year.
Advanced air mobility to be game-changer: transport minister
Minister of Land, Infrastructure and Transport Won Hee-ryong stressed that advanced air mobility (AAM) will be a game-changer for future urban transportation systems at the World Economic Forum (WEF) in Davos, Switzerland, the ministry said Thursday. He gave a keynote speech at the Aerospace Governors Meeting session on Wednesday, outlining his vision for facilitating AAM.
Trade minister highlights role of nuclear energy in combating climate change
Trade Minister Ahn Duk-geun stressed the role of nuclear energy to navigate climate change, at the World Economic Forum 2023, also known as the Davos Forum, in Switzerland, according to the trade ministry, Thursday. At the Polish House discussion session, he reiterated that the global community should recognize the need to better utilize nuclear energy amid the energy crisis ...
Korea attracts $300 mil. in investments from Danish wind turbine producer
Korea has attracted a $300 million (371 billion won) investment from Vestas, a Danish wind turbine manufacturer, the industry ministry said Wednesday. The government also seeks to bring in a combined $500 million in investments from Merck Life Science and Novartis, two major Europe-based global health and biopharmaceutical players.
Korea vows to bolster energy cooperation with Poland, Czech Republic at Davos
Minister of Trade, Industry and Energy Lee Chang-yang held a series of bilateral meetings with his Polish and Czech counterparts at the World Economic Forum, otherwise known as the Davos Forum, held in Switzerland from Monday through Friday (local time), the ministry said Wednesday.
Samsung supports Busan's World Expo bid in Davos
A train passes by a billboard designed by Samsung Electronics that has been put up on the wall of a building in Bahnhofstrasse, Davos, Switzerland, Monday (local time). The sign says Samsung promotes Korea's bid to host World Expo 2030 in Busan. Courtesy of Samsung Electronics
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