Economy
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S. Korea pushes to develop cultivation method for truffle mushrooms using gene technology
SEOUL -- South Korea's forest resources research institute has launched a project to develop a truffle mushroom cultivation method using gene technology. If the project yields goods results for commercialization, researchers think that cultivated truffles will help farmers make a huge profit. A truffle is a type of fungi that grows on the roots of trees. The rare, valuable food ingredient is mostly found in China and Europe. Tuber Uncinatum, a kind of mushroom known by the name
28 September 2021
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S. Korea releases blueprint for operation of urban flying taxis
SEOUL -- To prepare for the era of urban air mobility that incorporates autonomous drone taxis and personal flying vehicles, South Korea has released a concept paper for the operation of flying vehicles in populated areas. The virtual guidebook for the operation of flying vehicles will help government officials and private companies work out specific plans. Urban air mobility (UAM) is a future ecosystem involving flying passenger vehicles in city areas. A public-private consultative
28 September 2021
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DL Chemical aims to become bio-chemical leader by acquiring U.S. company Kraton
SEOUL -- DL Chemical presented a goal to establish itself as a global player in the bio-chemical industry by acquiring 100 percent of U.S. chemical company Kraton for 1.89 trillion won ($1.6 billion). The South Korean company vowed to actively localize core materials by utilizing patents held by the U.S. company. DL Chemical, which was spun off from what used to be Daelim Industrial, said that its board has approved the proposed acquisition of Kraton to lay the foundation for beco
28 September 2021
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SK Innovation raises investment in battery joint venture with Ford to $4.45 bln
SEOUL -- SK Innovation, a battery-making wing of South Korea's third-largest conglomerate SK Group, will raise its investment in a battery joint venture with U.S. carmaker Ford to 5.1 trillion won ($4.45 billion) from an earlier projection of three trillion won, in an effort to cope with different market conditions. SK Innovation (SKI) said in a brief statement on September 28 that its board has approved the additional injection of capital into BlueOval SK, a joint venture bet
28 September 2021
