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Samsung Display Urges Ministry to Reconsider Opening Workplace Report

SEOUL, April 11 (Korea Bizwire) – Samsung Display Co. said Wednesday it plans to ask the government to judge whether its workplace assessment report on its production line contains information that needs protection from disclosure. The move came after Samsung Electronics Co. also made a similar request following the government’s plan to disclose the tech giant’s workplace report, which may potentially include sensitive information on proprietary technology. The Ministry of Trade, Industry and Energy’s [...]

S. Korea to Add 35,000 Jobs in Health Sector by 2022

SEOUL, Feb. 9 (Korea Bizwire) – South Korea aims to create some 35,000 new jobs in the health care sector by 2022 as part of its efforts to become a global biotech and medical industry hub, the government said Friday. Under the plan announced by the Ministry of Trade, Industry and Energy, the government aims [...]

S. Korea to Hold Hearing on Follow-up FTA Talks with China

SEOUL, Jan. 4 (Korea Bizwire) – South Korea’s trade ministry said Thursday it will hold a public hearing on the negotiations to expand the scope of the free trade agreement (FTA) with China to further lower trade barriers in the service and investment sectors. Policymakers, experts and industry officials will take part in the hearing [...]

S. Korea Panel Approves LG Display’s Factory Plan in China

SEOUL, Dec. 26 (Korea Bizwire) – A government panel on Tuesday greenlighted LG Display Co.’s 5 trillion-won (US$4.4 billion) project to build its first large organic light-emitting diode plant in China. The panel under the Ministry of Trade, Industry and Energy had been reviewing the plan since July when LG Display asked the government to [...]

Panel to Review LG Display’s Factory Plan in China

SEOUL, Nov. 29 (Korea Bizwire) – The South Korean government said Tuesday an expert panel will review LG Display Co.’s plan to build an organic light-emitting diode (OLED) plant in China, which has been delayed due to concerns over technology leaks. LG Display asked the government in July to approve the investment plan worth 5 [...]

South Korean Government Eyes Energy Storage Systems

SEOUL, July 6 (Korea Bizwire) – The South Korean Government is supporting investment in energy storage systems (ESS), with plans to double the supply this year amid growing concerns over a possible shortage of electric power caused by the temporary shutdown of aging nuclear power plants in the country. According to data released by the Ministry [...]

Government Starts Work to Build LNG Storage, Distribution Facilities in Jeju

JEJU, South Korea, April 28 (Korea Bizwire) – A ceremony was held here Thursday for the construction of liquefied natural gas (LNG) storage facilities and distribution pipelines that aim to provide the southern resort island with a cleaner source of power by mid-2019. The work involves building two storage tanks and pipelines capable of distributing 120 tons of LNG per hour on 74,786 square meters of reclaimed [...]

Gas Stations to Offer Easy EV Charging

SEOUL, April 14 (Korea Bizwire) – Installing charging devices for electric vehicles (EV) at gas stations will become easier as early as August of this year. The Ministry of Trade, Industry and Energy announced new legislation that lowers the explosion prevention standards of EV chargers installed at gas stations. After collecting ideas from the public and an [...]

Gov’t, Samsung to Back Development of Manufacturing Robots

SEJONG, Oct. 19 (Korea Bizwire) — South Korea’s government said Monday that it will join forces with Samsung Electronics Co. to develop precision manufacturing robots that could open new horizons for the local manufacturing sector. The plan calls for 16.75 billion won (US$14.8 million) worth of taxpayers’ money to be invested in the next three [...]

Gov’t to Build Two Nuclear Reactors to Cut Greenhouse Gas Emission

SEJONG, June 8 (Korea Bizwire) — The government on Monday proposed the construction of two new nuclear reactors over the next 15 years in an effort to help cut the country’s emission of greenhouse gases. The so-called basic plan for power supply calls for building the two nuclear reactors by 2029, bringing the total number [...]