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Great Whale Project, the first part of Korea's ambitious project of finding a potential 14 billion barrels of oil and gas reserves off the country's east coast, was found to have not enough economic value to warrant further investigation.
The interim leader of the conservative People Power Party, Kwon Young-se, called for continued drilling in Korea's deep-sea gas and oil reserves project in the East Sea on Friday.
The government has cut 5.87 billion won ($4.05 million) in funding from the University of Ulsan for using its budget to build facilities not specified in its original funding plan.
The Great Whale Project's first drilling revealed insufficient hydrocarbon levels to justify further exploration, though six other locations show potential. The Ministry will analyze data and seek foreign investment for continued efforts.
Samsung’s Galaxy Unpacked 2025 was an event dedicated to the launch of its Galaxy S25 series of smartphones. However, the spotlight also focused on products Samsung teased: the slimmer Galaxy S25 Edge and the long-awaited Project Moohan XR headset.
Developing countries need not abandon manufacturing, but they must explore other paths to growth. Instead of benefiting one sector or another through industrial policy, they should invest in the kinds of skills that are important for all jobs.
Shunning Russian music, art, and literature, despite having deep historic links with such works, will not do much for universal humanism in Ukraine. But Ukrainians have more pressing concerns.
South Korea successfully launched its third homegrown military reconnaissance satellite on Saturday, advancing its ability to swiftly and accurately identify nuclear and missile provocations from North Korea.
Samsung unveiled its Project Moohan XR headset, set for launch next year, featuring Google's Android XR OS.
SLL JoongAng has launched a K-pop label named Uncore in partnership with YG Plus, focusing on developing idol artists and managing the finalists from JTBC's audition show, 'Project 7.'
Korea JoongAng Daily Sitemap