KB News DeskPOSCO develops lightweight pad for vertiports
POSCO recently developed a lightweight pad for takeoffs and landings at vertiports. A vertiport refers to an airport for vertical takeoff and landing of small and automated aircraft carrying passengers…
Finance chief calls for thorough responses to Middle East tensions
Finance Minister Choi Sang-mok on Wednesday called for preemptive responses to prevent the possible impact of ongoing conflicts in the Middle East on the domestic economy. Choi made the call…
Sports minister says audits into football, badminton federations set to conclude in Sept.
Ongoing government audits into the national governing bodies for football and badminton over recent controversy will conclude sometime in September, the sports minister said Monday. Yu In-chon, minister of culture,…
‘Hard to imagine’ no September rate cut: US Fed official
It is “hard to imagine” the Federal Reserve not cutting interest rates next month, a senior bank official said Monday, in the latest signal that many policymakers favor a cut.…
Samsung, LG to unveil new AI-powered home appliances at IFA 2024 in Berlin
Korean tech giants Samsung Electronics and LG Electronics are planning to showcase various new artificial intelligence-powered home appliances at the IFA 2024 home electronics show in Berlin next month, industry…
BOK chief defends rate freeze aimed at curbing household debt
Korea’s central bank chief on Tuesday defended the bank’s latest rate freeze decision, saying that the level of household debt is inching toward a point that can cause an economic…
Beleaguered nat’l football head coach ready to work to earn players’ trust
Even before working his first match of his second tour of duty with the men’s national football team, head coach Hong Myung-bo has had to deal with a massive PR…
Pavel Durov has nothing to hide, Telegram says of arrested founder
Pavel Durov, the Russian-born founder of Telegram who was arrested in Paris, has nothing to hide and it is absurd to hold an owner responsible for abuse of the messaging…
HD Hyundai seeks expansion in hydrogen fuel cell market
HD Hyundai has been accelerating efforts to expand its presence in the hydrogen fuel cell market. HD Korea Shipbuilding & Offshore Engineering (KSOE), an HD Hyundai subsidiary supervising its shipyards,…
National, household debt surpasses $2.26 tril. amid lower state revenue
The combined debt of the government and households in Korea has surpassed 3,000 trillion won ($2.26 trillion) for the first time, driven by lower tax revenue, increased bond issuance and…
