SEOUL, April 28 (Korea Bizwire) — South Korea will diversify its import channels of soft coal and increase the production of cement to ease concerns over a supply shortage of the key construction material amid the ongoing crisis surrounding Ukraine, the top economic policymaker said Thursday. Global supply chains of bituminous coal, or soft coal, [...]
SEOUL, June 29 (Korea Bizwire) — South Korea’s cement industry has launched a drive to reduce the use of Japanese coal ash, while accelerating efforts to develop technology that can promote the use of domestically-made alternatives. The Korea Cement Association announced on Thursday that it will launch a project to develop process technology and facilities [...]
SEJONG, Jan. 5 (Korea Bizwire) - South Korea’s antitrust watchdog said Tuesday that it has fined six local cement makers a combined 199.4 billion won (US$167.6 million) for fixing the prices of cement products and divvying up the market. According to the Fair Trade Commission (FTC), cement companies have allegedly colluded to rig the prices of [...]