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FM Cho Discusses Delayed Fighter Jet Project with Indonesian Counterpart

FM Cho Discusses Delayed Fighter Jet Project with Indonesian Counterpart

SEOUL, Feb. 22 (Korea Bizwire) — The top diplomats of South Korea and Indonesia have agreed to continue to work on the joint development of a fighter jet, a project in delay due to Jakarta’s suspended payment for its share, Seoul’s foreign ministry said Thursday. The discussion took place between Foreign Minister Cho Tae-yul and [...]

Canadian Government Awards New Funding to General Fusion

Canadian Government Awards New Funding to General Fusion

RICHMOND, Canada, Dec. 04 (Korea Bizwire) — Today, General Fusion announced that Canada’s Strategic Innovation Fund (SIF) has awarded CA$5 million to support research and development to advance the company’s Magnetized Target Fusion (MTF) demonstration at its Richmond headquarters. Called LM26, this ground-breaking machine will progress major technical milestones required to commercialize zero-carbon fusion power [...]

S. Korea Eyes Closer Ties with Canada in Batteries amid U.S. Inflation Act

S. Korea Eyes Closer Ties with Canada in Batteries amid U.S. Inflation Act

SEJONG, Oct. 25 (Korea Bizwire) — South Korea plans to expand ties with Canada in the battery sector amid the U.S. protectionism policy that gives incentives to electric cars produced in North America, a senior trade official said Wednesday. Deputy Minister for Trade Yang Byeong-nae made the remark during his meeting in Seoul with his [...]

SK ecoplant Secures Wind Power Site for Green Hydrogen Project in Canada

SK ecoplant Secures Wind Power Site for Green Hydrogen Project in Canada

SEOUL, Sept. 4 (Korea Bizwire) – South Korean builder SK ecoplant Co. said Sunday that the Canadian green hydrogen project Nujio’qonik, in which it holds a stake, has received approval from the Canadian provincial government of Newfoundland and Labrador to utilize state-owned land for wind power generation. Canadian firm World Energy GH2 Inc., a leading [...]

S. Korea, Canada to Celebrate 60th Anniv. of Ties with Various Cultural Events

S. Korea, Canada to Celebrate 60th Anniv. of Ties with Various Cultural Events

SEOUL, Sept. 1 (Korea Bizwire) — South Korea will hold various cultural events in Canada this year to commemorate the 60th anniversary of diplomatic ties between the two countries, the culture ministry said Friday. The first event will be an exhibition, titled “Barrier Free,” slated for Sept. 5-29 at the Korean Cultural Center in Canada. [...]

Trudeau Thanks S. Korean Firefighting Team for Wildfire Operations

Trudeau Thanks S. Korean Firefighting Team for Wildfire Operations

SEOUL, Aug. 2 (Korea Bizwire) — Canadian Prime Minister Justin Trudeau has expressed his gratitude to a South Korean emergency firefighting team dispatched a month ago to assist the North American nation in dealing with raging wildfires. The Korea Disaster Relief Team, comprised of 152 workers, including firefighters, emergency workers and medical personnel, was sent [...]

LGES, Stellantis to Receive Up to C$15 bln in Incentives for Ontario Battery Venture

LGES, Stellantis to Receive Up to C$15 bln in Incentives for Ontario Battery Venture

SEOUL, July 7 (Korea Bizwire) — The joint battery venture between LG Energy Solution Ltd. (LGES) and Stellantis N.V. will receive up to C$15 billion (US$11.2 billion) in incentives for their electric vehicle battery plant under construction in Ontario, Canadian government officials have said. The announcement on Thursday (local time) came a day after LGES [...]

S. Korea to Send 151 Firefighters, Emergency Workers to Wildfire-hit Canada

S. Korea to Send 151 Firefighters, Emergency Workers to Wildfire-hit Canada

SEOUL, June 29 (Korea Bizwire) — South Korea on Thursday decided to dispatch an emergency firefighting team to Canada to help the North American nation deal with raging wildfires across the country, Seoul’s foreign ministry said. The decision to send the Korea Disaster Relief Team (KDRT) of 151 workers — including firefighters, emergency workers and [...]

POSCO Future M-GM Venture Secures C$300 mln Funding from Canadian Gov’t

POSCO Future M-GM Venture Secures C$300 mln Funding from Canadian Gov’t

SEOUL, May 30 (Korea Bizwire) — POSCO Future M Co., a major South Korean manufacturer of secondary battery materials, said Tuesday its joint venture with General Motors Co. has secured C$300 million (US$221 million) in funding from the Canadian government for their envisioned cathode plant in Quebec. Canadian Industry Minister Francois-Philippe Champagne made the announcement [...]