SEOUL, Oct. 23 (Korea Bizwire) — The state-run Korea Electric Power Corp. (KEPCO) said Wednesday it will raise electricity rates for industrial use while freezing those for households starting this week amid global energy price volatility and escalating financial strains. Under the decision, the electricity rate for industrial use will rise 9.7 percent on average [...]
SEOUL, Oct. 23 (Korea Bizwire) – The U.N. cultural agency has established a South Korea-proposed award to recognize efforts in nurturing education on global issues, such as human rights, sustainability and diversity, the foreign ministry said Wednesday. The U.N. Educational, Scientific and Cultural Organization made the decision during its executive board meeting in Paris on [...]
SEOUL, Oct. 23 (Korea Bizwire) — The Seoul city government will deploy patrol forces and implement traffic controls in the city’s 15 most crowded districts during the upcoming Halloween week to prevent overcrowding, officials said Wednesday. The city has designated a “concentrated Halloween safety management period” from Friday to Nov. 3 to enhance patrols and [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Korea plans to launch its third military reconnaissance satellite in December, the state arms procurement agency said Wednesday, as part of efforts to bolster its surveillance capabilities on North Korea. A SpaceX rocket carrying the satellite is scheduled to lift off in the third or fourth week of [...]
SEOUL, Oct. 23 (Korea Bizwire) — The Seoul city government on Wednesday announced a plan to bury 94 percent of the capital’s above-ground railway sections underground to create an extensive green space on the reclaimed land. Currently, Seoul has 71.6 kilometers of above-ground railway sections in six lines that run through 15 of the city’s [...]
SEOUL, Oct. 23 (Korea Bizwire) — The number of babies born in South Korea increased on-year for the second consecutive month in August, data showed Wednesday, amid lingering demographic challenges caused by the ultra-low birth rate and rapid aging. A total of 20,098 babies were born in August, up 5.9 percent from a year earlier, [...]
SEOUL, Oct. 23 (Korea Bizwire) – The CEO of Adidas Korea, Peter Kwak, faced harsh criticism from lawmakers on October 21 for what they deemed an uncooperative attitude during a parliamentary audit, particularly his insistence on speaking English despite demonstrating Korean language ability. Kwak appeared as a witness before the National Assembly’s Political Affairs Committee to [...]
ULSAN, Oct. 23 (Korea Bizwire) – Researchers at the Ulsan National Institute of Science and Technology (UNIST) have developed an innovative device aimed at alleviating depressive symptoms through guided writing exercises, the university announced on October 22. The device, developed by professor Kim Chajoong’s team at UNIST’s Department of Design, specifically targets individuals with anxious attachment [...]
JEJU, Oct. 23 (Korea Bizwire) – The number of foreign visitors overstaying their permitted duration on Jeju Island, South Korea’s popular tourist destination with visa-free entry, reached 11,191 as of June of this year, according to Ministry of Justice data released on October 22. The figure represents a 3.4% increase from last year’s 10,826 illegal residents, [...]
SEOUL, Oct. 23 (Korea Bizwire) – Samsung Electronics and LG Electronics unveiled their visions for AI-integrated daily life at the 55th Korea Electronics Show (KES 2024), which opened on October 22 at COEX in Seoul’s Gangnam district. Samsung Electronics announced the creation of an AI Village at the four-day event, demonstrating how artificial intelligence can transform [...]