SEOUL, Sept. 14 (Korea Bizwire) — Hyundai Steel Co., South Korea’s No. 2 steelmaker, said Tuesday it has succeeded in the trial production of a low-carbon emission high-end steel sheet that enables a significant reduction in carbon emissions during the production process. The company announced that it had succeeded in the trial production of 1.0 [...]
SEOUL, Sept. 13 (Korea Bizwire) — Convenience stores, open even during the holidays, are seeing rising sales of pharmaceuticals and parcel delivery services. CU, South Korea’s top convenience store chain, saw sales of essential drugs jump by 16.5 percent in 2018 and 10.5 percent in 2019 during the four-day Chuseok fall harvest holiday. This year, [...]
SEOUL, Sept. 13 (Korea Bizwire) — South Korean steel giant POSCO said Tuesday that its three blast furnaces are back in operation, about a week after the shutdown of the facilities over Typhoon Hinnamnor. POSCO halted the three blast furnaces at its main steel mill in the southeastern city of Pohang last week as the [...]
SEOUL, Sept. 13 (Korea Bizwire) — The number of South Korean firms unable to service their debts with earnings soared nearly 24 percent in 2021 from two years earlier amid the prolonged coronavirus outbreak, a report showed Tuesday. Asia’s fourth-largest economy had 2,823 “marginal companies” last year, up 23.7 percent from 2019 before the COVID-19 [...]
SEOUL, Sept. 12 (Korea Bizwire) — South Korean steel giant POSCO said Monday it expects to be able to put three blast furnaces back in operation this week, about a week after the shutdown of the structures over Typhoon Hinnamnor. POSCO halted the No. 2, 3 and 4 blast furnaces at its main steel mill [...]
SEOUL, Sept. 11 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Sunday it has restarted one of three blast furnaces at its main steel mill, which had been shuttered over Typhoon Hinnamnor last week. POSCO halted operations of the No. 2, 3 and 4 blast furnaces in Pohang, an industrial city located some 270 [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Koreans’ consumption of flowers and ornamental plants rose 6.1 percent on-year last year on rising demand amid the prolonged COVID-19 pandemic and restrictions in outdoor activities, data showed Saturday. An average South Korean spent 12,386 won (US$8.90) on buying flowers and other plants in 2021, compared with 11,676 [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has agreed with major foreign and domestic maritime registers to cooperate in developing technologies for carbon-neutral vessels at the ongoing global gas fair in Italy. Under a deal with the American Bureau of Shipping (ABS), DSME [...]
SEOUL, Sept. 7 (Korea Bizwire) — Damage from super typhoon Hinnamnor caused POSCO to stop operations of three furnaces, sparking concerns over production loss, industry sources said Wednesday. POSCO, the country’s largest steelmaker, suspended operations of the three of the blast furnaces in the southeastern city of Pohang, about 370 km southeast of Seoul, as [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korea’s camping industry generated about 6.3 trillion won (US$4.55 billion) in sales last year, with the number of registered campgrounds estimated at 2,703, and both figures marked positive year-to-year growth thanks to the rising popularity of camping in the post-pandemic era. According to the Ministry of Culture, Sports [...]