Articles by Shin Ji-hye
Shin Ji-hye
shinjh@heraldcorp.com-
KEA shares energy efficiency know-how with South Asian nations
State-run Korea Energy Agency has opened a knowledge-sharing program with the World Bank, inviting officials from South Asia to Seoul, the government agency said Tuesday. The KEA began the third WB-KEA energy efficiency knowledge-sharing program hosted by the World Bank, inviting officials from Sri Lanka and Bangladesh. The five-day training program aims to share Korea’s energy policies and experience. With the topic of energy efficiency system for buildings, Korea is sharing green bu
Industry June 18, 2019
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Korea’s nuclear reactor technologies allegedly leaked to UAE, US
The South Korean government is reportedly looking into allegations of leaks of key nuclear reactor technologies to other countries. According to multiple local news reports Tuesday, the Nuclear Safety and Security Commission and the National Intelligence Service are verifying the authenticity of a tipoff delivered to the NSSC through a nuclear safety ombudsman system. Based on the tipoff, one retiree from state-run nuclear operator Korea Hydro & Nuclear Power has allegedly leaked &ldquo
Industry June 18, 2019
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Forum to discuss future of forestry, challenges in APAC
South Korea is hosting events on forestry in the Asia-Pacific region this week for academia, governments and the private sector to discuss and share views on pressing challenges in the sector.The Asia-Pacific Forestry Week 2019 and the 28th Session of the Asia-Pacific Forestry Commission kicked off Monday at the Songdo Convensia Convention Center in Incheon. The five-day event is jointly organized by the Korea Forest Service and the Food and Agriculture Organization of the United Nations. I
Industry June 16, 2019
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Korea, Norway to cooperate on hydrogen, shipbuilding
South Korea and Norway have agreed to strengthen ties in hydrogen energy and shipbuilding areas with the summit between the two countries’ heads of state serving as an opportunity to pursue future partnerships. During President Moon Jae-in’s visit to Norway on Thursday, the two nations signed a memorandum of understanding to cooperate in hydrogen energy to make the most of Korea’s strength in hydrogen-powered vehicles and Norway’s in production and supply capabilities.Wit
Industry June 13, 2019
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S-Oil appoints Hussain Al-Qahtani new CEO
South Korean oil refiner S-Oil appointed Hussain A. Al-Qahtani as new CEO during its general shareholders meeting, the firm said Thursday. Before joining the firm, Al-Qahtani, 52, served as president and CEO of Saudi Aramco Shell Refinery Company from 2016. Throughout his 29-year career at Saudi Aramco, Al-Qahtani has assumed key roles in production, engineering and projects building expertise and leadership skills, according to the firm. The new Saudi Arabian CEO majored in chemical engine
Industry June 13, 2019
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SK Innovation to support social ventures through crowdfunding
South Korean oil and chemical company SK Innovation plans to support local social ventures through crowdfunding, the firm said Wednesday.A social venture is a firm that focuses more on addressing social problems and less on profit. Selected social ventures will be supported by SK Innovation employees through crowdfunding. Each employee can voluntarily invest up to 1 million won ($846) in the social ventures. For every 1 million won raised, SK will match the investment. Profits will later be
Industry June 12, 2019
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Panel blames electric shock, poor management system for ESS fires, not companies
Ending a five-month-long probe into energy storage systems that caught fire, the South Korean government blamed defects in devices, poor management and systems, without holding companies accountable for the fires.On Tuesday, a private-public joint committee, formed in January to look into the series of fires, announced the results of the probe, saying multiple factors played a role in the 23 fires that occurred over the past year. It highlighted four factors: a lack of battery protective systems
Industry June 11, 2019
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Hyundai Motor, Rotem to develop hydrogen-powered tram by 2020
South Korea’s largest automaker, Hyundai Motor, and its locomotive arm, Hyundai Rotem, are slated to develop a hydrogen-powered tram by 2020, which will be the first of its kind in the nation. On Monday, Hyundai Rotem said the two companies had agreed to cooperate on developing a train powered by hydrogen. Hyundai Motor plans to deploy hydrogen fuel cell stacks on trains developed and manufactured by Hyundai Rotem, which will also build the system interface to be installed between train ca
Industry June 10, 2019
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Posco to invest W20b in smart factories for SMEs
South Korea’s largest steelmaker Posco plans to support small steel companies to build their smart factories, investing 20 billion won ($16.9 million) over the next five years, according to the company on Sunday. A total of 30 billion won in investment -- including 10 billion won from the Ministry of SMEs and Startups -- will be injected to help around 500 selected companies, Posco said. Through the project, companies willing to build smart factories will be provided with up to 100 m
Industry June 9, 2019
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Steel industry beset by tougher environmental regulations
South Korea’s increasingly stringent environmental regulations are hobbling its steel industry, already beset by falling sales and rising raw material prices. Last week, three regional governments representing South Chungcheong Province, North Gyeongsang Province and South Jeolla Province insisted that local steel companies Posco and Hyundai Steel halt their steel mills for 10 days over violations of the Clean Air Conservation Act. The provincial governments said Posco’s steel
Industry June 9, 2019
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[Herald Interview] 'Robots can not replace human workforce, at least not now'
Will robots replace human workforce?That is a question constantly raised with the advancement of new technologies that make robots smarter and more autonomous. That is, however, “undue concern,” says the chief of South Korea’s state-run robot institute, who has been in the industry for more than 30 years. “Technological developments to make a human-like robot is still in the early stages worldwide,” Korea Institute for Robot Industry Advancement President Moon Jeon-
Industry June 6, 2019
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Moon joins test drive of Korea’s first hydrogen-powered city bus
President Moon Jae-in on Wednesday joined a test drive of the nation’s first city bus powered by hydrogen and developed for commercial use, demonstrating his administration’s drive to nurture the development of fuel-cell electric vehicles. The president took the nation’s first hydrogen bus planned for regular intracity bus service at an event held on the sidelines of World Environment Day in Changwon, South Gyeongsang Province. It was the third test drive of hydrogen cars for M
Industry June 5, 2019
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South Korea to toughen sanctions on habitual tax delinquents
South Korea will toughen sanctions on habitual tax delinquents who owe huge sums, amid growing public criticism over the problem. “The government plans to toughen sanctions on taxpayers who habitually owe taxes despite being (financially) capable of paying, as public anger grows over the individuals who conceal their assets and live in luxury,” said a joint statement issued Wednesday by the ministries of finance, safety, health, law, justice, tax and customs. Beginning next year
Industry June 5, 2019
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[Photo News] Startup Branch
Korea International Trade Association Chairman Kim Young-ju (left) and Industry Minister Sung Yun-mo attend the opening ceremony of Startup Branch on Tuesday at Coex in southern Seoul. The space, divided into four areas -- offices, a pitching center, a consultation area and a cafeteria -- is designed to run programs that help local startups advance overseas.
Industry June 4, 2019
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South Korea's largest job fair for foreign firms kicks off
South Korea’s largest job fair for foreign companies began on Tuesday at Coex in Seoul, with 159 firms readying to recruit young job seekers. The two-day annual career expo with the largest number of participating companies this year is co-hosted by the Ministry of Trade, Industry and Energy and Seoul Metropolitan Government and co-organized by Korea Trade Investment Promotion Agency (KOTRA) and Financial Supervisory Service. The companies include Hewlett Packard Korea, Tokyo Electron Kore
Industry June 4, 2019
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