SEOUL, Aug. 6 (Korea Bizwire) — POSCO E&C, the construction arm of South Korea’s leading steelmaker POSCO Group, said Wednesday it has begun an emergency management system and temporarily suspended new orders in its infrastructure business following a series of fatal industrial accidents at company-managed construction sites. In a statement, the company said any business [...]
SEJONG, Mar. 27 (Korea Bizwire) – South Korea’s trade ministry said Wednesday it has discussed measures to bolster bilateral cooperation with Cambodia in areas including trade, infrastructure and carbon neutrality. Trade Minister Cheong In-kyo met Kem Sithan, the acting minister of Cambodia’s commerce ministry, in Phnom Penh to share ideas on ways to broaden economic [...]
SEOUL Feb. 28 (Korea Bizwire) – South Korea and the United Arab Emirates (UAE) have recently held high-level meetings involving bilateral cooperation in the areas of railway construction, infrastructure and energy, officials said Wednesday. Park Sang-woo, South Korea’s land, infrastructure and transport minister, met with Suhail Mohamed Al Mazrouei, minister of energy and infrastructure of [...]
SEOUL, June 28 (Korea Bizwire) — The 13th edition of the Land, Infrastructure, and Transport Technology Fair will be held at COEX in Seoul from June 28 to 30. Organized by the Korea Agency for Infrastructure Technology Advancement and hosted by the Ministry of Land, Infrastructure, and Transport, this event commemorates two decades of R&D [...]
POHANG, Nov. 26 (Korea Bizwire) — POSCO unveiled a plan to set up infrastructure for the supply of hydrogen in Pohang, North Gyeongsang Province where its steel mill is located, as well as to shift the transport of steel products from diesel trucks to hydrogen vehicles. The South Korean steel giant on Wednesday signed a [...]
SEOUL, June 28 (Korea Bizwire) — The Ministry of Oceans and Fisheries and the Ministry of Land, Infrastructure and Transport have joined hands to prevent population decline in fishing villages. The two government bodies announced on Sunday that they had signed a memorandum of understanding (MOU) to promote the invigoration of fishing villages as part [...]
SEOUL, Jan. 20 (Korea Bizwire) — A recent survey showed that disasters like the paralysis of public healthcare and IT infrastructure are expected to have a higher risk in the post-coronavirus era. The National Disaster Management Institute asked 100 disaster safety-related professionals to pick five disasters with a potential to be highly impacted by the [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Korea needs to further expand the country’s hydrogen charging infrastructure as it lags behind advanced countries amid growing interest in zero-emission vehicles, a business association said Thursday. South Korea has emerged as a major player in technologies involving hydrogen fuel-cell electric vehicles and fuel-cell battery-based power generation in [...]
SEOUL, Jun. 18 (Korea Bizwire) — South Korea plans to spend 32 trillion won (US$27 billion) over the next four years to renovate old public infrastructure and carry out extensive safety inspections on them, the industry ministry said Tuesday. Under the project that will run from 2020 to 2023, the government plans to draw up [...]
SEJONG, Oct. 27 (Korea Bizwire) — South Korea will create an 85 billion-won (US$75.2 million) global infrastructure development fund to address the key constraints of private investment in overseas projects, the land ministry said Friday. The Ministry of Land, Infrastructure and Transportation signed an agreement with the Korea Development Bank and the Export-Import Bank of [...]