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The Korea Forest Service is ramping up its commitment to a green transition by consolidating efforts in the forest industry, now securing nearly 40 partnerships with foreign countries. The nation's forest agency has been actively establishing bilateral agreements for forest cooperation, starting with Indonesia in 1987. A total of 39 countries are now maintaining such cooperative relationships with Korea, and the. ....
The Korea Forest Service on Friday celebrated East Timor’s National Day of Sandalwood and Forestry by planting sandalwood, the Southeast Asian country’s national tree, with local officials. Sandalwood, prized for its distinctive fragrance, is used for perfumes, incense, cosmetics, medicines, and furniture. The tree holds considerable cultural, economic, and historical importance for the Timorese people. U. ....
SK Telecom, South Korea’s leading telecom carrier, announced Sunday that it will invest an additional $100 million in San Francisco-based artificial intelligence safety and research company Anthropic to enhance the partnership between the two companies. Following a previous investment in May, the new round of funding aims to seek business synergy with the SK Telecom-led Global Telco AI Alliance, which was launc. ....
Posco International, a trading and energy firm under Posco Group, said Thursday that its Australian subsidiary Senex Energy has signed seven consecutive supply deals for natural gas with multiple international companies. Senex Energy has agreed to provide some 133 petajoules of natural gas an amount that can produce about 250 million metric tons of liquefied natural gas to seven companies, including Australia&#. ....
SK Bioscience, a pharmaceutical affiliate of South Korea’s SK Group, said Wednesday it has acquired a 7 percent stake, or 6.5 million shares, in US biotech firm Novavax in a deal worth some 110 billion won ($83.5 million). The stock deal was inked as a mean of payment for Novavax, which owed SK Bioscience for manufacturing the former's COVID-19 vaccine. On top of the new agreement, the companies also exten. ....