SEOUL– South Korea’s top shipbuilder Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Friday it has won a 258.1 billion-won (US$199 million) order to build two liquefied petroleum gas carriers for a Central American shipper. Hyundai Heavy Industries Co., a KSOE affiliate, will construct the very large gas carriers in its shipyard in the … Read more
SEOUL/GUNSAN, South Korea– Striking cargo truckers voted Friday to end their weekslong walkout after their collective action incurred massive supply disruptions across industries and prompted the government to issue back-to-work orders. In a plenary vote conducted in the morning, nearly 62 percent voted in favor of ending the strike while about 38 percent objected, … Read more
SEOUL– South Korea’s vice unification minister said Friday the government plans to map out a three-year blueprint to improve North Korea’s human rights situation by taking into account its policy stance and the North’s rights conditions. Vice Unification Minister Kim Ki-woong made the remarks at an interagency meeting on North Korea’s human rights situation … Read more
SEOUL– South Korea has drafted its first defense space strategy charting the future course of the military’s drive to develop operational capabilities for the crucial security domain, the defense ministry said Friday. Defense Minister Lee Jong-sup and other key members of the Defense Space Development Committee met to discuss the draft, as Seoul seeks … Read more
SEOUL– Innospace, a South Korean space startup, said Friday that it is planning to test-fire its suborbital test launch vehicle, HANBIT-TLV, later this month. A launch window was set from Dec. 14-21 (local time) at the Alcantara Space Center in northern Brazil and the exact date and time will be decided after consultations with … Read more
SEOUL– Actress Kim Go-eun said Friday her decadelong acting career has been marked by the constant process of facing and overcoming challenges, but simultaneously acting and singing for her first musical film “Hero” was the toughest of them all. In the upcoming musical adaptation “Hero” about Korean independence fighter Ahn Jung-geun (1879-1910), Kim plays … Read more
SEOUL– South Korea plans to offer some 100 tons of humanitarian aid items to Ukraine, which is suffering power shortages this month amid its war with Russia, Seoul’s foreign ministry said Friday. The items, which include power generators, children’s vaccines, medical devices and emergency medicines, are scheduled to be sent in two batches on … Read more
SEOUL– South Korean stocks ended higher Friday, snapping a five-day losing streak, as foreigners and institutions picked up oversold shares amid uncertainty over the U.S. Federal Reserve’s monetary policy direction. The Korean won sharply strengthened against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 17.96 points, or 0.76 percent, to … Read more