Monthly Archive: September 2021

POSCO breaks ground on battery recycling plant

SEOUL– POSCO, the world’s fifth-largest steelmaker by output, said Thursday it has broken ground on a 120 billion won (US$101 million) plant that will extract nickel and lithium, key materials for electric vehicle batteries.The plant by POSCO HY Clean…

Moon names new vice health minister, secretary for social policy

SEOUL– President Moon Jae-in tapped his secretary for social policy, as the new vice health and wealth minister, Cheong Wa Dae said Thursday.The nominee, Yoo Geun-heag, is an expert in the health and medical sector, having worked at the World Health O…

FM Chung to attend ministerial OECD council meeting in Paris

SEOUL– Foreign Minister Chung Eui-yong will fly to France next week to attend a ministerial council meeting of the Organization for Economic Cooperation and Development (OECD) aimed at discussing pandemic-driven economic and other challenges, his offi…

Daejeon bus drivers end strike after reaching wage deal

DAEJEON– Unionized bus drivers in the central city of Daejeon ended their strike Thursday after agreeing with their employers on compensation and work conditions.The bus drivers in the city, 160 kilometers south of Seoul, began their first walkout in …

Daejeon bus drivers end strike after reaching wage deal

DAEJEON– Unionized bus drivers in the central city of Daejeon ended their strike Thursday after agreeing with their employers on compensation and work conditions.The bus drivers in the city, 160 kilometers south of Seoul, began their first walkout in …

Banks’ lending rates rise in August

SEOUL– South Korean banks’ lending rates rose in August as the Bank of Korea (BOK) delivered its first pandemic-era rate hike, central bank data showed Thursday.The average interest rate charged on new bank loans came to 2.87 percent in August, up 0.1…