SEOUL, Dec. 30 (Korea Bizwire) — Kim Soo-han, who served as the speaker of the National Assembly from 1996 to 1998, died Monday. He was 96. Kim, a six-term lawmaker, was first elected to office in 1967 before serving as assembly speaker during his final term. He took on various roles in his decadeslong political [...]
SEOUL, Dec. 30 (Korea Bizwire) — The government said Monday it plans to conduct a safety inspection of all Boeing 737-800 aircraft operated by domestic airlines following a Jeju Air Co. plane crash that claimed 179 lives the previous day. In Sunday’s Jeju Air crash in the southwestern county of Muan, it is believed that all three [...]
SEOUL, Dec. 30 (Korea Bizwire) — Samsung Group, South Korea’s largest conglomerate, has seen its market capitalization plummet by over 160 trillion won this year, marking a significant contraction in its dominance on the domestic stock market. As of December 26, the total market value of Samsung’s 22 listed companies, including Samsung Electronics, Samsung Biologics, [...]
SEOUL, Dec. 30 (Korea Bizwire) — As South Korea’s aging population continues to grow, the incidence of cardiovascular diseases such as heart attacks and strokes has risen significantly. According to data released by the Korea Disease Control and Prevention Agency (KDCA) on Sunday, these conditions claim the lives of a significant portion of patients within [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s Ministry of Land, Infrastructure, and Transport announced plans to increase the priority housing allocation for families with newborns under its special housing supply program for newlyweds. Under new rules, the allocation for such families will rise from 20% to 35%, reflecting a significant shift aimed at addressing [...]
SEOUL, Dec. 30 (Korea Bizwire) — A Jeju Air flight that took off in South Korea on Monday has returned to the airport of departure due to the same landing gear issue that was found in a deadly crash involving a separate aircraft of the same model the previous day, according to industry sources. Jeju Air Flight [...]
SEOUL, Dec. 30 (Korea Bizwire) — Samsung Electronics announced on December 29 that it has added a new “Home Appliance QR Mode” to its AI-powered visual assistance app “Sullivan Plus,” making it easier for users to locate QR codes on Samsung home appliances. Sullivan Plus, developed by startup TUAT, is a service for visually impaired users [...]
SEOUL, Dec. 30 (Korea Bizwire) — LG Electronics announced on December 29 that it plans to more than double the scope of its “Easy Appliance Project” next year, increasing both the number of participating institutions and beneficiaries. The company, in partnership with the Korea Association for Rehabilitation of the Disabled, has already selected 10 welfare centers [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korea’s Meteorological Administration released a stark warning on December 26 about the future of marine environments around the Korean Peninsula, projecting significant changes in ocean temperatures, sea levels, and marine conditions by 2100 without substantial carbon reduction efforts. The high-resolution marine climate change scenario, developed in collaboration with research [...]
SEOUL, Dec. 27 (Korea Bizwire) — A presidential committee on aging society and population said Friday the government will come up with a demographic policy blueprint in the near future, as South Korea has formally become a “super-aged” society. The remark came after the government data showed the number of South Koreans aged 65 or [...]