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Reporter : Park Jae-hyuk
Tue, September 26, 2023 | 05:38
Korean gov't faces international criticism for R&D budget cuts
The international scientific community is criticizing a decision by the Korean government to cut next year's budget for state-sponsored scientific research activities. The criticism comes after the decision raised public concerns here for possibly damaging the country’s growth potential.
SK earthon begins crude oil production in South China Sea
SK earthon commenced crude oil production in the South China Sea at the Lufeng 12-3 oilfield for which the company won mining rights in 2015, the subsidiary of SK Innovation said Monday.
Lawmakers want to grill business tycoons over decision to rejoin FKI
The heads of Samsung, SK, Hyundai Motor and LG business groups are once again facing the prospect of appearing as witnesses at a National Assembly audit of the government next month, according to sources familiar with the matter, Friday.
'Songpyeon' for low-income families
S-Oil CEO Anwar A. Al-Hejazi, left, performs the finger heart gesture while making “songpyeon,” traditional Korean half-moon-shaped rice cakes for the Chuseok holidays, at the oil refiner’s headquarters in Seoul, Friday, along with the company employees, children from neighboring daycare centers and students from Saudi Arabia. The CEO also delivered 50 milli...
Foreign employees rewarded for contribution to Korea's shipbuilding industry
Two foreign workers received awards for their contribution to Korea’s shipbuilding industry, during the celebration of the 20th Shipbuilding and Offshore Day hosted on Wednesday by the Ministry of Trade, Industry and Energy and the Korea Shipbuilding & Offshore Association (KOSHIPA).
HD Hyundai confident of selling unmanned earthmovers to Saudi Arabia
BORYEONG, South Chungcheong Province - Torrential rainfall on Wednesday could not hinder HD Hyundai XiteSolution’s unmanned excavator and dozer from digging and moving dirt piled up on the proving ground owned by the construction equipment maker’s subsidiary, HD Hyundai Infracore.
LG CNS employees teach coding at elementary schools
New employees of LG CNS teach coding to students at Hongsan Elementary School in Buyeo County, South Chungcheong Province, Tuesday. The company said Thursday that around 60 employees provided coding education at Hongsan and Baekje Elementary Schools in the county. Courtesy of LG CNS
Yanolja's aggressive expansion results in voluntary redundancy program
Yanolja, a hotel booking app operator, told its employees earlier this week that it will carry out a voluntary redundancy program by Oct. 6. Those who wish to leave the company can receive cash payments equivalent to four months of their salary or three months of their paid leave.
LX, Dongwon, Harim struggle to raise money for HMM acquisition
LX International, Dongwon Industries and the consortium of Harim Holdings and JKL Partners appear to be going all out to secure cash to win in a bid to acquire a controlling stake in HMM, which is estimated to be up to 6 trillion won ($4.5 billion), according to industry officials, Tuesday.
POSCO Future M recognized for compliance management
Kim Myung-ho, left, head of POSCO Future M's legal affairs office, and Luis Cunha, manager of Lloyd's Register Quality Assurance's Asia-Pacific operations, hold the ISO 37301 certificate awarded to the Korean company at POSCO Center in Seoul, Tuesday. This is the first time that a Korean battery materials firm has received the certificate of compliance management. Courtesy of...
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