The shipping industry has taken another important step towards the era of unmanned ships with the delivery of an LNG-powered capesize bulk carrier in South Korea fitted with artificial intelligence (AI)-based machinery monitoring and safety systems. The 180,000 dwt HL Nambu 2, built by Hyundai Samho Heavy Industries for compatriot …
Read More »Russia, South Korea to Build Nuclear Power Plants in Uganda
Ugandan President Yoweri Museveni announced Tuesday that Russia and South Korea will soon start building nuclear power plants in the country. Addressing the 2nd G-25 Africa Coffee Summit, which is being attended by leaders and delegates from 25 African coffee-producing nations at Speke Resort Hotel in Munyonyo in the capital …
Read More »Korea Finds Japan’s Water Release Plan Consistent with International Standards
South Korean inquiry found Japan’s plan to discharge treated wastewater from the tsunami-wrecked Fukushima nuclear power plant to be “consistent with international safety standards,” the government announced Friday. Bang Moon-kyu, the government policy coordination minister, said the plan proposed by the Japanese government met international standards, including those of the …
Read More »Al Gore Calls on S. Korea to Bump up Solar and Wind in Energy Mix
Al Gore told the Hankyoreh on Thursday he’s confident that expanding renewable energy is where countries are headed, no matter which government may be currently in power. The 75-year-old climate crusader and former US vice president acknowledged in a Zoom interview with the Hankyoreh that there may be bumps in …
Read More »Top US, S.Korean Nuclear Envoys Discuss Joint Responses to N.Korea’s Nuclear Threats
The top nuclear envoys of the US and South Korea have discussed ways to cooperate on countering North Korea’s “evolving nuclear and military threats,” the South Korean Foreign Ministry said on Sunday, according to local media. US Special Representative for North Korea Sung Kim held a meeting with his South …
Read More »South Korean Companies Eye in Gas Projects in Turkmenistan
South Korean companies are interested in implementing projects in the gas sector in Turkmenistan, this was stated by the head of the Korea-Turkmenistan Inter-Parliamentary Friendship Group Lee Dal-gon at a meeting with the President of the Supreme Council of Turkmenistan Gurbanguly Berdimuhamedov, Azernews reports, citing Turkmen media. According to Lee …
Read More »South Korea Pledges $5 Billion in Support for Battery Makers in the U.S.
South Korea has announced a $5.32 billion financial support package aimed at helping the country’s battery makers invest in infrastructure in North America over the next five years. The initiative is intended to help South Korean firms capitalize on the United States’ Inflation Reduction Act, which requires automakers to source …
Read More »South Korea Reinforces its Position in European Defense Market
The recently established military relationship between South Korea and Poland is a multidimensional phenomenon, reaching beyond security in its traditional meaning. In fact, large-scale arms contracts are almost always politicized and followed or accompanied by intensified economic ties. Certainly, in the current circumstances, this view is shared by Warsaw and …
Read More »Aramco’s S-OIL to Build SAR 26 bln Petrochemical Cracker in South Korea
Saudi Aramco announced its biggest ever investment in South Korea to develop one of the world’s largest refinery-integrated petrochemical steam crackers through its S-OIL affiliate. In a statement received by Argaam Aramco said, the SAR 26 billion ($7 billion) Shaheen project aims to convert crude oil into petrochemical feedstock. This …
Read More »Official Outlines Latest Trade Developments between Iran and South Korea
The secretary of the Iran-South Korea Joint Chamber has said that Iran has exported 32.5 million dollars to South Korea during the first five months of the current Iranian year. Iran exported 32.5 million dollars to South Korea during the first five months of the current Iranian year, Pooya Firozi …
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