Author: Seoul Reporter

Korean steelmaker POSCO Group stated Wednesday it is going to make investments 1.1 trillion gained ($750 million) to safe lithium sources in Australia and Argentina to bolster its rechargeable battery supplies enterprise.POSCO will purchase a 30 % stake in a subholding firm to be established by Australian miner Mineral Assets (MinRes) for 1 trillion gained, the corporate stated in a press launch.The funding will enable POSCO to safe 270,000 tons of lithium focus per yr from the Wodgina and Mt. Marion mines operated by MinRes in Western Australia. The provision is enough to supply 37,000 tons of lithium hydroxide, sufficient…

A view of the Wadjina lithium mine in Western Australia, owned and operated by Australian Mineral Assets (Picture courtesy of POSCO Holdings) POSCO Holdings will make investments 1.2 trillion received in Australia and Argentina to safe world lithium useful resource provide chains. The corporate’s technique is to realize each enhanced lithium value competitiveness and steady uncooked materials procurement by aggressive funding. POSCO Holdings disclosed on Nov. 12 that it plans to accumulate a 30% stake in Lithium Co. (tentative identify), an intermediate holding firm to be established by Mineral Assets, Australia’s main mining firm, for…

The overseas minister of Laos has arrived in Pyongyang, North Korea’s state media reported Wednesday, nearly a month after the leaders of the 2 nations held summit talks within the North in October.A delegation, led by Thongsavanh Phomvihane, the overseas minister of the Southeast Asian nation, arrived in Pyongyang the day prior to this upon invitation by the North’s overseas ministry, the Korean Central Information Company (KCNA) mentioned.The KCNA didn’t present additional particulars on the aim or length of the go to, however the transfer raised views that the delegation will doubtless focus on follow-up measures following summit talks between…

A meals stall at Seoul’s Gwangjang Market that confronted a storm of criticism for allegedly overcharging a buyer has been suspended for ten days.In keeping with the Gwangjang Market Retailers’ Affiliation on Tuesday, the stall will shut down from Dec. 10 to 19. The affiliation stated it met with Jongno District Workplace on Dec. 6 and 10, and selected the suspension after inner discussions.“The case brought on important public concern, so we imposed a ten-day suspension,” the affiliation stated. The seller was stated to have requested for the penalty to be issued shortly and voluntarily closed the stall beginning Dec.…

With their midfield corps decimated by accidents, Korea will lean on new faces to select up the slack in a pleasant match in opposition to Bolivia this week.Korea, world No. 22, will host 76th-ranked Bolivia at 8 p.m. Friday at Daejeon World Cup Stadium in Daejeon, some 140 kilometers south of Seoul.This would be the first of two matches for Korea through the closing worldwide window for this 12 months. The Taegeuk Warriors will deliver Ghana to Seoul World Cup Stadium at 8 p.m. Tuesday.Coached by Hong Myung-bo, Korea will probably be with out three key midfielders for these matches.…

A fifth physique was recovered from below a collapsed boiler tower at a thermal energy plant within the southeastern metropolis of Ulsan on Wednesday, leaving two staff nonetheless trapped, firefighting authorities stated.The physique belonged to one among two staff who couldn’t be situated within the rubble of the 63-meter tower that collapsed final Thursday.The invention got here after authorities blew up two different boiler towers close to the particles Tuesday to assist velocity up the search and rescue efforts.Towers 4 and 6, which flanked Tower 5 that collapsed, had been an obstacle within the search efforts as a result of…

Micron Expertise’s headquarters in Boise, Idaho (Captured from Micron web site) U.S. reminiscence chipmaker Micron Expertise is recruiting South Korean semiconductor engineers in a shift from its earlier technique of primarily recruiting semiconductor expertise from Taiwan. The background behind Micron’s shift in recruitment coverage is the truth that the middle of the reminiscence semiconductor market is shifting to synthetic intelligence (AI) reminiscence that requires excessive efficiency and low energy consumption. Within the current DRAM and NAND competitors, the core of competitors was how cheaply firms may provide merchandise with comparable or similar specs, which was…

Key figures attending a seminar on leaping into the KOSPI 5,000 period pose for a commemorative picture on Nov. 11. (Photograph courtesy of the Korea Alternate) Because the KOSPI index continues its upward trajectory, breaking by means of the 4,100 stage once more, market consideration is concentrated on KB Securities’ announcement forecasting subsequent yr’s index peak at 7,500 factors. This represents a uniquely excessive determine in comparison with different securities corporations’ analysis facilities, which predict the KOSPI will attain 4,600-5,000 factors subsequent yr. In line with Korea Alternate on Nov. 12, the KOSPI index rose 0.81%…

Lee Wang-jun, chairman of Myongji Hospital in northwestern Seoul, has been elected president of the Worldwide Hospital Federation (IHF), turning into the second Korean to steer the worldwide group, which represents hospitals and healthcare associations.The Korean Hospital Affiliation introduced Tuesday that Lee was chosen through the IHF’s forty eighth World Hospital Congress held in Geneva, Switzerland, Monday (native time). His two-year time period will run from 2027 to 2029. Till then, he’ll serve within the federation’s six-year govt management cycle, a decision-making group consisting of present, former and incoming presidents.Based in 1929 and headquartered in Geneva, the IHF is a…

Former Nationwide Intelligence Service (NIS) chief Cho Tae-yong was arrested Wednesday on prices of involvement in former President Yoon Suk Yeol’s failed imposition of martial regulation.The Seoul Central District Courtroom issued an arrest warrant for Cho after holding a listening to the day past, citing issues that the previous NIS director may destroy proof.The warrant was requested by particular counsel Cho Eun-suk’s group on prices of NIS regulation violations, dereliction of responsibility, perjury, destruction of proof, creation of false official paperwork and false testimony at parliament, all in reference to the Dec. 3 martial regulation declaration.The previous spy chief, who…