SEOUL, Dec. 26 (Korea Bizwire) — Samsung Heavy Industries Co., the world’s third-largest shipbuilder by orders, said Thursday it has received a 742 billion-won (US$508 million) order to build two very large ethane carriers for an Asian shipper by 2027. The South Korean shipbuilder did not offer further details of the deal, including the name [...]
SEOUL, Dec. 26 (Korea Bizwire) — The Army on Thursday received the first model of the homegrown Light Armed Helicopter (LAH) as part of its efforts to modernize the fleet of aging helicopters, the state defense procurement agency said. A ceremony to mark the helicopter’s delivery took place at the headquarters of its manufacturer Korea [...]
SEOUL, Dec. 26 (Korea Bizwire) — The highly anticipated second season of Netflix’s Korean original series “Squid Game” premieres Thursday, continuing the gripping narrative that captivated audiences worldwide. The new chapter follows protagonist Gi-hun (Lee Jung-jae), who abandons his plans to leave for the United States after winning the lethal competition. Instead, he returns to [...]
SEOUL, Dec. 26 (Korea Bizwire) — South Korea said Thursday it will impose independent sanctions on 15 North Korean IT workers and one entity over their roles in the illicit cyber activities to fund the country’s nuclear and missile development. Fourteen of the 15 individuals, including Pak Hung-ryong, Yun Jong-sik and Ri Il-jin, are suspected [...]
SEOUL, Dec. 26 (Korea Bizwire) — President Yoon Suk Yeol ordered the deletion of a public curfew in an initial draft of the martial law decree issued earlier this month, a lawyer for former Defense Minister Kim Yong-hyun claimed Thursday. Kim’s lawyer, Yoo Seung-soo, said the former minister had originally written the draft that included [...]
SEOUL, Dec. 26 (Korea Bizwire) – South Korea’s tap water supply coverage has reached an impressive 99.5%, according to the 2023 National Waterworks Statistics released by the Ministry of Environment on Wednesday. The report highlights improved water supply infrastructure, reduced leakage rates, and a modest increase in water rates. Key Findings from the Report The [...]
SEOUL, Dec. 26 (Korea Bizwire) — The supply of new private apartments in South Korea is projected to fall below 150,000 units (160,000 including unconfirmed projects) in 2025, marking the lowest level since 2000, according to industry analysts. This dramatic decline is attributed to a complex mix of factors, including rising construction costs and policy implementation [...]
INCHEON, Dec. 26 (Korea Bizwire) — Members of the South Korean Coast Guard are developing new equipment to improve maritime rescue operations, with several officers recently receiving recognition for their inventions. The Korea Coast Guard announced on December 25 that Senior Officer Kim Myung-seop from the Seogwipo Coast Guard Station won the gold prize at the [...]
SEOUL, Dec. 26 (Korea Bizwire) — A joint Korean-American research team has uncovered key patterns in how mammalian brains process neural activity, providing new insights into the structure of neural networks. The Korea Advanced Institute of Science and Technology (KAIST) announced on December 24 that researchers led by professors Paik Se-bum and Jung Min Whan, in [...]
SEOUL, Dec. 24 (Korea Bizwire) — The South Korean government announced a comprehensive support package for the construction industry on December 23, responding to mounting challenges including soaring construction costs, a tightening project financing (PF) market, and increasing unsold housing inventory. The measures come as the construction sector faces significant headwinds, with construction investment showing a [...]