Page 9 - Uljin News Today

A persistent liquidity crunch at Lotte Groups construction unit prompted Koreas fifth-largest conglomerate to pour over 1 trillion won ($750 million) into Lotte E&C over the past month, despite a worsening credit outlook for other affiliates. In addition to fundraising from the groups affiliates and loans from banks, Lotte Group Chairman Shin Dong-bins personal assets were even used to rescue the cash-strapped builder.

A persistent liquidity crunch at Lotte Groups construction unit prompted Koreas fifth-largest conglomerate to pour over 1 trillion won ($750 million) into Lotte E&C over the past month, despite a worsening credit outlook for other affiliates. In addition to fundraising from the groups affiliates and loans from banks, Lotte Group Chairman Shin Dong-bins personal assets were even used to rescue the cash-strapped builder.

Houses were inundated and people were stranded in farms after Uljin, Donghae and other eastern coastal cities in Korea were flooded by over 180 millimeters of rain over two days earlier this week. However, regions on the other side of the country are now reeling from a completely opposite kind of climate disaster. The low levels of precipitation over the past months are causing reservoirs ― that provide tap and drinking water in South Jeolla Province and Jeju Island ― to reach a dangerously ...

Heavy rainfall forecast in eastern North Gyeongsang Province, South Korea through Nov. 23. Flooding and associated disruptions ongoing.

A four-seat light aircraft piloted by a student under training crashed at Ulsan Airport on Thursday, leaving him seriously injured, fire authorities said.

Most kindergartens and schools close to nuclear power plants in Korea are either not equipped with a sufficient number of protective suits or lack such gear altogether, a lawmaker said. Rep. Kim Young-ho of the main opposition Democratic Party of Korea (DPK) said Monday that over 388,000 students in 1,112 kindergartens and elementary, middle and high schools in the country are located inside Urgent Protective Action Planning Zones (UPZ) - within 20 to 30 kilometers of a nuclear power plant, acco...

Most kindergartens and schools close to nuclear power plants in Korea are either not equipped with a sufficient number of protective suits or lack such gear altogether, a lawmaker said. Rep. Kim Young-ho of the main opposition Democratic Party of Korea (DPK) said Monday that over 388,000 students in 1,112 kindergartens and elementary, middle and high schools in the country are located inside Urgent Protective Action Planning Zones (UPZ) - within 20 to 30 kilometers of a nuclear power plant, acco...

The government has launched a forum for government, academia and private experts to advance discussions on and the development of digital twin technology, the land ministry said Friday.

Extreme fires have swallowed up huge swathes of land, destroyed homes and threatened livelihoods across the world in the first half of 2022.

(Reuters) - Extreme fires have swallowed up huge swathes of land, destroyed homes and threatened livelihoods across the world in the first half of 202...