Sale of Namyang Dairy Products falls through
SEOUL– The sale of South Korea’s No. 2 dairy firm Namyang Dairy Products Co. fell through Wednesday as it renounced a contract to sell a controlling stake. Three months earlier,…
September 1, 2021
Workers’ employment insurance rate to be hiked over fund depletion woes
SEOUL– The government on Wednesday decided to raise the rate of workers’ employment insurance next year as the state employment insurance fund is on the verge of being depleted amid…
S. Korea-India vice-ministerial talks canceled after lawmaker tests positive for COVID-19
SEOUL– Vice ministerial talks between South Korea and India were canceled Wednesday after India’s delegation came into contact with a ruling party lawmaker who later tested positive for COVID-19, the…
S. Korea endorses bill mandating carbon neutrality by 2050
SEOUL– South Korea’s parliament has passed a bill mandating over a 35 percent cut in greenhouse gas emissions by 2030 to eventually achieve carbon neutrality by 2050. The National Assembly…
SsangYong’s Aug. sales fall 4.4 pct on lower demand
SEOUL– SsangYong Motor Co. said Wednesday its sales fell 4.4 percent last month from a year earlier on weak domestic demand. SsangYong Motor sold 7,675 vehicles in August, down from…
Doosan Heavy to provide design service for U.S. X-energy’s SMRs
SEOUL– South Korea’s power plant builder Doosan Heavy Industries & Construction Co. said Wednesday it has signed a deal with U.S. small modular reactor (SMR) maker X-energy to design a…