SsangYong Motor to place half of its workers on unpaid leave
Jun 11, 2021 05:14 am UTC| Business Economy
SsangYong Motor is one of the companies that has been badly affected by the COVID-19 pandemic. It was already struggling, and its situation was worsened by the coronavirus. Now the ailing carmaker is trying to get back...
S. Korea to create 500-billion won fund to bolster next-gen car suppliers
Jun 10, 2021 16:02 pm UTC| Economy Technology Business
South Korea plans to create a 500-billion won fund to support around 1,000 auto parts makers evolve into key suppliers of next-generation automobiles by 2030. Finance Minister Hong Nam-ki said the fund would support...
S. Korea to boost software talent pool by 89,000
Jun 10, 2021 14:59 pm UTC| Economy Technology
South Korea will boost the talent pool in the software sector by 89,000 people by 2025 to help smaller firms in hiring software professionals. The number is more than three times higher than the 25,000 professionals...
S. Korea to support private sector developing solid fuel space rockets
Jun 10, 2021 13:49 pm UTC| Economy Technology
South Korea will expand its space program from state-led development of liquid engine rockets to developing solid fuel space rockets spearheaded by the private sector. The Ministry of Science and ICT will support...
Hyundai Motor, Kia surpass Ford for first time in US auto sales
Jun 10, 2021 13:27 pm UTC| Economy
Hyundai Motor Co. and Kia Corp. sold a combined 174,043 cars in the US market in May to surpass Ford Motor Co., which sold 13,523 units, for the first time since they entered the market 35 years ago. The two automaking...
Moderna vaccine to be used for LG, Samsung, and SK workers
Jun 10, 2021 10:30 am UTC| Business Economy
Moderna has been chosen to be used for the inoculation of employees of South Koreas top tech companies, including Samsung, LG, and SK Group. This information was revealed on Wednesday, June 9. As per The Korea Herald,...
KT join forces with Amazon for digital business expansion
Jun 10, 2021 10:23 am UTC| Business Economy
KT or formerly known as Korea Telecom has teamed up with the American IT giant Amazon Web Services for the expansion of its media and digital business. It was revealed that on Tuesday, June 8, the companies signed an...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects