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Debate is heating up over the recent nomination of Second Vice Minister of Foreign Affairs Oh Young-ju as the minister of SMEs (small and medium-sized enterprises) and startups, because she has only worked as a diplomat in her entire 36-year career, according to industry officials, Wednesday.
In early November, Korea celebrates Ipdong, which means “the beginning of winter.” However, the Korea Meteorological Administration reported that on Nov. 2, the actual temperature was 3 to 10 degrees higher than usual, and that Seoul had a record-breaking high temperature in November, the highest in 116 years.
Heads of the Korean units of Apple, Costco Wholesale, Nike, Adidas and multiple other foreign firms were selected as witnesses to testify about misconduct allegations involving their companies during the upcoming National Assembly audit this month, according to industry officials, Thursday.
The heads of Samsung, SK, Hyundai Motor and LG business groups are once again facing the prospect of appearing as witnesses at a National Assembly audit of the government next month, according to sources familiar with the matter, Friday.
The controversial nuclear phase-out policy pushed by the previous Moon Jae-in administration is one of the main culprits for snowballing debt at Korea Electric Power Corp. (KEPCO), the state-run utility firm, Minister of Trade, Industry and Energy nominee Bang Moon-kyu told lawmakers, Wednesday.