![[Herald Interview] Korea needs to secure ‘irreplaceable technology’](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=643&simg=/content/image/2022/12/04/20221204000116_0.jpg)
[Herald Interview] Korea needs to secure ‘irreplaceable technology’
TechnologyDec 4, 2022
Science Ministry's top innovation strategist highlights importance of diplomacy, security
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LG Chem to supply plant-based plastic first to MattelIndustryDec 4, 2022LG Chem, South Korea’s leading chemical firm, said Sunday that it will launch a new acrylonitrile butadiene styrene product using plant-based raw materials, with the first batch being supplied to US toy manufacturer Mattel. ABS is a rigid thermoplastic polymer that boasts higher resistance to heat and impact. LG Chem is the market leader in ABS products with an annual production capacity of 2.4 million tons. ABS products make up almost 20 percent of its overall petrochemicals business sale -
Korean delegation departs for US to discuss EV subsidiesIndustryDec 4, 2022Biden admits “glitches” in Inflation Reduction Act, but no revision in sight yet
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![[World Cup] Hwang Hee-chan awarded Budweiser's Player of the Match](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=643&simg=/content/image/2022/12/04/20221204000085_0.jpg)
[World Cup] Hwang Hee-chan awarded Budweiser's Player of the MatchIndustryDec 4, 2022South Korean midfielder Hwang Hee-chan was awarded Player of the Match by US beer brand and official sponsor of the FIFA World Cup Budweiser, following Korea’s Saturday match against Portugal, Korean distributor Oriental Brewery said Sunday. South Korea pulled off a dramatic 2-1 victory against powerhouse Portugal, securing its place in the knockout stage. Hwang scored the last goal of the match in the 46th minute of the second half, assisted by Tottenham Hotspur star Son Heung-min. In rec -
Antitrust chief warns of strict response to unionized truckers for hindering on-site probeIndustryDec 2, 2022South Korea's antitrust watchdog said Friday that it would deal sternly with the nation’s unionized cargo truckers for hindering an on-site probe into its head offices as their walkout continues over a week. Investigators of Fair Trade Commission visited the union's headquarters in Seoul and Busan to see whether its members had forced other workers to stop their transport duties or join the strike. Deterred by union members to enter the offices, the FTC Chairman Han Ki-jeong -
Court starts reviewing Wemix delisting injunctionIndustryDec 2, 2022A Seoul court on Friday started reviewing a preliminary injunction requested by game publisher Wemade to withdraw the decision from South Korea’s top five crypto exchanges to delist Wemix, a token issued by the game company's blockchain platform. This petition for a preliminary injunction was filed on Monday after the Digital Asset Exchange Alliance (DAXA) comprised of five crypto exchanges -- Bithumb, Upbit, Coinone, Korbit and Gopax -- announced on Nov. 24 they would halt trading -
Hanwha Aerospace to lead homegrown space rocket projectTechnologyDec 2, 2022Hanwha Aerospace, the space business arm of South Korean conglomerate Hanwha, has been tapped as the company to lead the project of upgrading the homegrown Nuri rocket and launching it four more times through 2027, the Korea Aerospace Research Institute said Friday. According to Hanwha Aerospace’s regulatory filing, the company on Thursday signed a contract worth approximately 286 billion won ($220 million) with the state-run institute. The official selection came about two months after th -
Delayed supplies caused by truckers' strike amounts to 1.6 tln won: gov'tIndustryDec 1, 2022Concerns mount over the possibility of prolonged walkout leading to production disruptions across industries -
Posco shares surge after union’s departure from hard-line labor groupIndustryDec 1, 2022Shares of Posco companies fluctuated Thursday after one of its two unions decided to leave the Korean Metal Workers’ Union, considered one of the most hard-line labor groups here, via ballot a day earlier. In a ballot held for three days, almost 70 percent of the Posco unionists voted in favor of the departure. The KMWU falls under the Korean Confederation of Trade Unions, the nation’s largest and most powerful labor group. Following the news, Posco Steeleon, a steel plate producer, -
SK carries out modest reshuffle amid lingering uncertaintiesIndustryDec 1, 2022SK Group, the nation’s second-largest conglomerate, appears to be seeking stability rather than drastic changes in the face of economic uncertainty, as it carried out a modest year-end leadership reshuffle across affiliates. SK Supex Council, the group’s top decision-making body, said its Chairman Cho Dae-sik will extend his two-year term again for a fourth time since he took the post in a unanimous vote among council members in 2017. The council, however, replaced the heads of the f -
Korean crypto exchange operators see Q3 earnings shrinkIndustryDec 1, 2022Korean cryptocurrency exchange operators have suffered setbacks in earnings in the third quarter, as investors' appetite for virtual assets fizzled following a string of incidents revealing their risks. According to Dart, the Financial Supervisory Service’s electronic disclosure board, the net profit of Dunamu, the operator of Korea’s largest cryptocurrency exchange Upbit, marked 159.98 billion won ($123 million) during the quarter that ended in September. Although this was an i -
![[Photo News] Instant icon of the year](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=643&simg=/content/image/2022/12/01/20221201000633_0.jpg)
[Photo News] Instant icon of the yearTransportDec 1, 2022Hyundai Motor’s N Vision 74, a high-performance hydrogen fuel cell hybrid concept, has been awarded the Instant Icon Award by TopGear.com, the top UK motoring website, the South Korean carmaker said Thursday. Its sibling Kia also won the award for manufacturer of the year. -
Top 10 chaebol groups still reliant on internal tradeIndustryDec 1, 2022Celltrion tops the list, with interaffiliate transactions exceeding 40 percent of yearly sales -
Samsung chief's public image improves: pollIndustryDec 1, 2022One month after Lee Jae-yong was promoted to the top post at Samsung Electronics, South Koreans are found to have a more favorable view of him than before, data showed Thursday. According to research firm Data&Research, a total of 18,335 online posts, excluding news reports, featuring the phrase “Chairman Lee Jae-yong” have been published in the month since his promotion to chairman on Oct. 27. The figure almost doubled from 9,764 posts a month earlier. During the same period, Le -
Hyundai Heavy to showcase sustainable maritime future at CESIndustryDec 1, 2022South Korean shipbuilder Hyundai Heavy Industries will showcase its vision for a sustainable maritime future at the Consumer Electronics Show 2023, the firm said Thursday. CES, the world’s largest technology exhibition, is held in Las Vegas during the first week of January each year. This will be the shipbuilder’s second time taking part in the event. In this year’s exhibition, Hyundai Heavy Industries said it will exhibit its future maritime strategy with a focus on “Oce
![[World Cup] Hwang Hee-chan awarded Budweiser's Player of the Match](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=643&simg=/content/image/2022/12/04/20221204000085_0.jpg)
![[Photo News] Instant icon of the year](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=643&simg=/content/image/2022/12/01/20221201000633_0.jpg)
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