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Campaign Encourages Koreans to Abstain from Online Orders to Give Delivery Workers Days Off

Campaign Encourages Koreans to Abstain from Online Orders to Give Delivery Workers Days Off

SEOUL, Aug. 14 (Korea Bizwire) — Recently, there has been a campaign on SNS to “not order parcels” so that delivery workers can get a proper rest. The move came after the Korean Confederation of Trade Unions (KCTU) proposed a campaign for the public to join forces to guarantee that workers would be able to [...]

Ulsan to Build Pipeline Between Hydrogen Supplier and Filling Stations

Ulsan to Build Pipeline Between Hydrogen Supplier and Filling Stations

ULSAN, Aug. 14 (Korea Bizwire) — The city of Ulsan plans to build South Korea’s first pipeline system to supply hydrogen. The city signed an agreement with six agencies and businesses including the Korea Gas Safety Corp. (KGS) on Tuesday to build pipelines between hydrogen filling stations and hydrogen supplier Deokyang Co., and establish a [...]

S. Korean EV Battery Makers Set to Face Fierce Competition in Europe in 2025

S. Korean EV Battery Makers Set to Face Fierce Competition in Europe in 2025

SEOUL, Aug. 14 (Korea Bizwire) — South Korea’s electric vehicle (EV) battery makers are expected to face fierce competition in Europe in the upcoming years as European companies are ramping up efforts to expand their clout in the fast-growing sector, a trade organization here said Wednesday. LG Chem Ltd., Samsung SDI Co., and SK Innovation [...]

E-Mart Offloads Real Estate, Buys Back Shares to Restore Competitiveness

E-Mart Offloads Real Estate, Buys Back Shares to Restore Competitiveness

SEOUL, Aug. 14 (Korea Bizwire) — E-Mart Inc. has decided to buy back shares worth some 100 billion won (US$82 million) and securitize its assets through sale and leaseback arrangements. “At the current stage, we have to save up our capability, and use that capability when there is an opportunity,” said Shinsegae Group Vice Chairman [...]

POSCO’s Cryogenic Manganese Steel Earns Gov’t Approval for LNG Tank Use

POSCO’s Cryogenic Manganese Steel Earns Gov’t Approval for LNG Tank Use

SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s top steelmaker POSCO said Tuesday its cryogenic high manganese steel (HMS) has earned government approval as a material reliable for manufacturing land-based liquefied natural gas (LNG) storage tanks. POSCO completed the development of world’s first cryogenic HMS in 2013 after six years of research. The company said [...]