SEOUL, Jan. 6 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) started its export activities for 2025 on Monday with the delivery of a liquefied natural gas (LNG) carrier, according to the company. According to HD KSOE, the vessel being delivered is a 174,000-cubic-meter LNG carrier ordered in June 2022 by [...]
SEJONG, Jan. 6 (Korea Bizwire) — The annual income gap between South Korea’s richest and poorest households has exceeded 200 million won for the first time, while the gap in their assets has grown to more than 1.5 billion won. As economic polarization continues to deepen, policy solutions have stalled, particularly after President Yoon Suk Yeol’s [...]
SEOUL, Jan. 6 (Korea Bizwire) — An innovative childcare support program in Seoul offering 300,000 won monthly to grandparents caring for two-year-old children has revealed a striking pattern: maternal grandmothers comprise more than half of the participating grandparents. According to a policy review by the Seoul Foundation of Women and Family, maternal grandmothers account for 54% [...]
SEOUL, Jan. 6 (Korea Bizwire) — A surge in social media offers to create fake digital IDs, mainly targeting minors seeking age-restricted products, is threatening South Korea’s newly-launched mobile identification system. A search for “mobile ID creation” on X reveals dozens of posts offering counterfeit services. One account advertises a two-minute turnaround time for 30,000 won, [...]
SEOUL, Jan. 3 (Korea Bizwire) — In their New Year’s messages, chief executives of South Korea’s three major telecommunications companies and leading platform and gaming firms highlighted plans to expand artificial intelligence operations and boost revenue generation in 2025. The heads of the telecom companies unanimously identified AI achievements as their primary objective for the coming [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s spy agency said Friday it is open to the possibility that two children recently seen alongside North Korean leader Kim Jong-un’s sister could be her offspring and is currently analyzing the matter. A video of North Korea’s new year art performance, aired by Korean Central Television on [...]
SEOUL, Jan. 3 (Korea Bizwire) — Ashley Queens and Outback Steakhouse, two leading casual dining chains in South Korea, have achieved a retail milestone by establishing locations in all three major department store groups – Lotte, Shinsegae, and Hyundai – marking the first time both restaurants have accomplished this feat. According to industry sources, Eland Eats [...]
SEOUL, Jan. 3 (Korea Bizwire) — The number of babies born in South Korea rose for the first time in nine years last year, government data showed Friday, in a rare turnaround for the nation grappling with one of the world’s lowest fertility rates. A total of 242,334 babies were born last year, up 3.1 [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea has introduced a revised subsidy scheme for electric buses in 2025, offering additional financial incentives to manufacturers of hydrogen and school buses while implementing stricter criteria to prioritize safety and transparency. The move is seen as a response to concerns over the growing presence of Chinese-made electric [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korean builders have achieved more than US$1 trillion in accumulated overseas construction deals, the transport ministry said Friday. The achievement comes 59 years after Hyundai Engineering & Construction Co. obtained its first overseas deal to build an expressway in Thailand in November 1965. Local builders secured $32.69 billion [...]