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The government’s 2018 budget calls for a 7.1 percent increase in spending to 429 trillion won, aligning it with President Moon Jae-in’s economic initiatives of focusing on income-led growth and creating jobs. The budget increase is higher than the government’s economic growth forecast of 4.5 pe…
Gwangju Mayor Yoon Jang-hyun said Gwangju Metropolitan City will strive to come up with their own steps to create jobs and foster the development of the eco-friendly auto, new energy and cultural content industries to cope with the advent of the 4th Industrial Revolution. Mayor Yoon of the Gwanju…
Minister Do Jong-hwan of the Ministry of Culture, Sports and Tourism (MCST), Minister Yoshimash Hayashi of Education,Culture, Sports,Science and Technology and Chinese Minister of Culture Luo Shugang hold a certificate of a “Kyoto communiqu” they singed during the 9th Korean, Chinese and Japanese …
Chairman Choi Jong-ku of the Financial Services Commission(FSC). The government plans to plow up to 40 trillion won in the coming years into areas related to the 4th Industrial Revolution, including such sectors as smart factories, drones and self-driving cars. The government will also entirely do …
Dignitaries, including Minister Kim Hyun-mee of the Ministry of Land, Infrastructure and Transport (MOLIT) and K-water President Lee Hank-soo, take each other’s hand during an opening ceremony of the 1st Asia International Water Week, which coincided with the Korea International Water Week at the H…
Chairman & President Moon Jae-do of Korea Export Insurance Corp.(K-sure) (Photo: K-sure) Chairman & President Moon Jae-do of Korea Export Insurance Corp. (K-sure) toured Beijing 10 days after he took the helm of the trade support organization in March to look into the damage Korean companie…
Director General Lee Sung-hae of the Spatial Information Policy Bureau at the Ministry of Land, Infrastructure and Transport (MOLIT). The Smart Geospatial Expo 2017 will take place at the aT Center in Yangjae-dong, Seoul, from Aug. 30 to Sept. 1. The Expo, to be held under the general theme, “Spat…
Dignitaries, including Vice Minster Lee In-ho of the Ministry of Trade, Industry and Energy, and KOTRA President Kim Jae-hong, participate in an event cut a cake in celebration of KOTRA’s 55th anniversary at the KOTRA headquarters in Yeomgok-dong, Seoul, on June 20.President Kim of the Korea Trade-…
Residents from Ulju County in Ulsan march in a rally to protest the halting of the construction of Shin Kori Nuclear Power Units 5 & 6. They demanded for continuing construction as planned. A public debate committee on the construction of the Shin Kori Nuclear Power Units 5 & 6 started…
President Moon Jae-in delivers a commemorative video message at a ceremony to celebrate the 50th Industrial Safety Health Emphasis Week at Coex in Seoul.Vice Minister Yi Sung-ki of the Ministry of Employment and Labor give a speech at the 50th Industrial Safety Health Emphasis Week ceremony. (Photos…
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Business/Company
SK Innovation will begin to mass produce an EV battery capable of running 450 km per charge for the first time in the world. The mileage of the upcoming battery is more than 100 km better than the EV batteries that have been developed so far. The r…
Hyundai Mobis’s test-driving ground for self-driving cars debuted recently at a lot covering 1.12 million sq. meters in the Bio Well-being Special Zone in Buseok-myeon, Seosan City, Chungcheongnam-do. The car testing ground boasts 14 test tacks, …
A graph showing how Bi-directional chargers for plug-in vehicles work.(Photo: Hyundai Mobis) Hyundai Mobis has developed an on-board, bi-directional charger for plug-in vehicles. The bi-directional onboard charger (OBC) allows the vehicle to supply …
Late founder Woo Sang-ki of Sindoricoh Co. steadily upheld the motto of the Kaesong merchants; “No debts, and one well,” throughout his adult life in the running of his businesses. In line with the founder’s motto, the company never borrowed mon…


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