Live Breaking News & Updates on Yeosu Industrial Complex
Stay updated with breaking news from Yeosu industrial complex. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
About 15,000 striking truckers in the steel and petrochemical industries will be prosecuted unless they return to work immediately, the government said Thursday, in the latest expansion of an executive order issued to put an end to the 15-day collective action wreaking havoc on the export-reliant economy. Propelling the stern order are 1.31 trillion won ($986 million) and 1.28 trillion won in losses incurred respectively by the steel and petrochemical industries over the past two weeks. Outbound shipments at the two key manufacturing industries have subsequently tanked to 43 percent and 20 percent of the seasonal averages, respectively. ....
GS Group is starting to invest heavily in future growth businesses ranging from solar power, nuclear power and electric vehicles (EVs) to biotechnology, according to industry officials, Monday. The move comes as GS Group Chairman Huh Tae-soo has been pushing to invest in new businesses with partners for future growth. GS Group is promoting more than 15 new businesses in diverse fields such as hydrogen and biofuel, plastic recycling, EV charging, battery recycling, small module reactors (SMR) and ammonia development and distribution. ....
Three people were injured Tuesday in an explosion in a building at an industrial complex in the southwestern city of Yeosu, the fire authorities said. ....