Industry minister nominee backs US-style tax credits for chips, batteries

Industry minister nominee backs US-style tax credits for chips, batteries

SEOUL, July 15 (AJP) - South Korea’s nominee for industry minister, Kim Jung-gwan, is pushing for the introduction of production tax credits for semiconductors and battery materials, according to parliamentary documents released Tuesday ahead of his confirmation hearing. Kim, a

POSCO to supply advanced steel for Saudi Aramco's gas plant

POSCO to supply advanced steel for Saudi Aramcos gas plant

SEOUL, July 15 (AJP) - South Korea’s largest steelmaker POSCO will supply hydrogen-induced cracking (HIC) resistant steel to Saudi Aramco for its Fadhili gas plant expansion project. The agreement is a strategic win for POSCO and a notable shift in procurement norms for Aramco,

NewJeans' producer Min Hee-jin cleared of criminal charges, HYBE to appeal

NewJeans producer Min Hee-jin cleared of criminal charges, HYBE to appeal

SEOUL, July 15 (AJP) -South Korea's police have cleared former ADOR CEO Min Hee-jin of breach of trust allegations filed by HYBE, the parent company behind K-pop girl group NewJeans.