By Steve Yoon President Yoon Suk Yeol visited the Barakah Nuclear Power Plant in Abu Dhabi, Monday, which is a symbol of the two countries' partnership. Yoon traveled to the Barakah plant, a day after the UAE announced $30 billion worth of investments in Korea. UAE President Mohamed bin Zayed Al Nahyan and Yoon, along with the UAE's Deputy Prime Minister Mansour bin Zayed bin Sultan Al Nahyan to
By Park Si-sooSEOUL, Jan. 16 (Sankyung Today) -- South Korea and the United Arab Emirates have agreed to expand space cooperation as part of efforts to explore better position in the growing space economy.South Korea’s science ministry and UAE Space Agency signed a memorandum of understanding Jan. 15 in the UAE’s capital of Abu Dhabi, on the sidelines of the summit of the two countries’ lead
By Steve Yoon Hanwha Solutions under Hanwha Group is investing 3.2 trillion won (US$2.57 billion) to build a solar panel parts plant in Georgia by the end of next year. It is the biggest solar investment in the United States ever, according to the solar cell manufacture. Hanwha Solutions also plans to produce not only solar cells and modules but also raw materials, such as polysilicon and ingot
By Steve Yoon China has stopped issuing visas to South Korean and Japanese citizens as Beijing retaliates against recent Covid entry restrictions on arrivals from China. “Visas for business, tourism, medical treatment, transit and general private affairs will be suspended for South Korean citizens effective today,” the Chinese Embassy in Seoul said in a statement on Tuesday. The measures will
By Steve Yoon Democratic Party(DP) leader Lee Jae-myung appeared at a prosecutors office for questioning over allegation of quid pro quo Tuesday, claiming that he is innocent. Lee, leader of the main opposition DP, arrived at the Seongnam branch of the Suwon District Prosecutors Office located just south of Seoul at 10:20 a.m., accompanied by DP lawmakers including Ko Min-jung and Kim Tae-nyeon. P
By Steve Yoon South Korea's imports of coffee surged more than 45 percent in the first 11 months of 2022 from a year earlier on its growing popularity here, data showed Monday. The value of the country's coffee imports stood at US$1.19 billion in the January-November period, up 45.1 percent from the previous year, according to the data from the Korea Customs Service and industry sources. It mark
By Steve Yoon Prosecutors investigating the Daejang-dong land development scandal summoned Kim Man-bae, the owner of Hwacheon Daeyu, an asset management company at the center of a high-profile corruption scandal, for questioning Friday morning. The Seoul Central District Prosecutors' Office decided to resume its investigation, 23 days after he attempted suicide. The Seoul Central District Prosecu
By Steve Yoon A North Korean drone entered a no-fly zone around South Korea’s presidential office in Seoul when it intruded into the country’s airspace last month, South Korean military officials say. “It [the drone] briefly flew into the northern edge of the zone, but it did not come close to key security facilities,” said a military official. The drone was one of five North Korean unma
By Steve Yoon The Financial Supervisory Service launched an on-site inspection after an employee of KB Kookmin Bank conspired with a brokerage agency and a loan broker to manipulate real estate mortgage loan documents and obtain a loan of 12 billion won. Kookmin Bank plans to file a criminal complaint against the employee involved. According to the financial authorities, Kookmin Bank recently admi
By Steve Yoon[산경투데이 = By Steve Yoon 기자] Another sexual assault case occured at Posco group. According to a source from the group, a manager was recently ordered to leave the group for sexually harrassing a female employee several times. Posco already apologized last June based on previous allegations that a female employee at the group had been sexually assaulted by coworkers over
By Park Si-soo SEOUL, Dec. 25 (Sankyung Today) -- South Korea unveiled Dec. 21 a plan to establish a strong global space economy by 2045. The plan includes five missions: expansion of space economic territory, making Korea a space transportation hub in Asia, making the space industry one of ten major industries, establishing a system to ensure the safety and stability of space activities and opera
By Park Si-soo SEOUL, Dec. 19 (Sankyung Today) -- South Korea’s rocket startup Innospace said Dec. 18 that the inaugural launch of its suborbital technology demonstration rocket has slipped from Dec. 19 to 20 due to “unexpected rain.” Up to 40 mm of rain and strong wind of 11 meters per second are expected at the Alcântara Space Center in northern Brazil, the launch site for the rocket, HAN
By Park Si-soo SEOUL, Dec. 14 (Sankyung Today) -- South Korea’s robotic lunar orbiter, called Danuri, is flying smoothly to the moon at 0.9 km/s, with a set of trajectory correction maneuvers planned Dec. 17 (Korea standard time) to enter in orbit around the moon, according to the state-funded Korea Aerospace Research Institute (KARI), which operates the orbiter. If successful, the spacecraft wi
By Park Si-soo SEOUL, Dec. 9 (Sankyung Today) -- South Korean rocket startup Innospace is planning to launch its suborbital technology demonstration rocket, HANBIT-TLV, later this month, which will validate the company’s hybrid rocket engine that uses liquid oxygen and paraffin-based propellants. While the company sets Dec. 14-21 as a launch window at the Alcântara Space Center in northern Braz
By Park Si-soo SEOUL, Dec. 7 (Sankyung Today) -- South Korean pop star T.O.P is one of the eight artists who will fly around the moon on a SpaceX Starship vehicle in 2023 on the ‘dearMoon’ mission, led by Japanese billionaire Yusaku Maezawa in collaboration with Elon Musk's SpaceX, an online news outlet reported Dec. 6, citing multiple sources. While the celebrity, whose real name is Choi Seu
By Park Si-soo SEOUL, Nov. 30 (Sankyung Today) -- South Korea will spend 2.013 trillion won ($1.52 billion) over the next ten years on developing a next-generation rocket “KSLV-3” capable of sending up to 10 tons of payload to low Earth orbit, 3.7 tons to geostationary orbit, 1.8 tons to the moon, and 1 ton to Mars. The KSLV-3 development plan recently cleared a feasibility study by the financ
By Park Si-soo SEOUL, Nov. 29 (Sankyung Today) -- President Yoon Suk-yeol said Nov. 28 that the country will land a robotic spacecraft on the moon in 2032 and on Mars in 2045, when the nation will mark the 100th anniversary of liberation from the 1910-45 Japanese colonial rule. This was part of a set of broader space exploration goals the president unveiled during a keynote speech at the Korea Spa
By Park Si-soo SEOUL, Nov. 28 (Sankyung Today) -- The United States Forces Korea (USFK) is planning to host a component command of the U.S. Space Force (USSF) by the end of the year, the first unit of this kind to be established outside the U.S. territory, South Korea’s state-funded Yonhap News Agency reported Nov. 26, citing multiple government sources. The US Department of Defence plans to ope
By Park Si-soo SEOUL, Nov. 26 (Sankyung Today) -- India’s space agency ISRO launched a 1117-kg earth observation satellite, EOS-06, and eight nanosatellites to sun-synchronous polar orbit Nov. 26 aboard the nation’s workhorse Polar Satellite Launch Vehicle (PSLV) rocket. The rocket lifted off from the Satish Dhawan Space Centre at 01:26 a.m. Eastern. The launch was live-streamed on YouTube, wh