BUSAN, Dec. 19 (Korea Bizwire) – Gamcheon Culture Village, a popular tourist destination in Busan known for its high share of international visitors, is launching new tourism initiatives utilizing vacant homes left behind by an aging population, aiming to extend visitors’ typically brief stays and increase economic benefits to the local community. The Saha District Office [...]
SEOUL, Dec. 19 (Korea Bizwire) — The proportion of unmarried individuals in their 40s increased 6.7 times for men and 5.7 times for women in 2020 compared with 20 years earlier, a government report showed Thursday, underscoring the trend of delayed marriages that is partly blamed for South Korea’s ultra-low birth rate. The growing trend [...]
SEOUL, Dec. 19 (Korea Bizwire) — Samyang Foods Inc., famous for its Buldak spicy ramen, said Thursday it will invest 201.4 billion won (US$139 million) to build its first overseas plant in China by early 2027 to meet the growing local demand for its products. Samyang plans to establish a subsidiary in Singapore in the [...]
SEOUL, Dec. 19 (Korea Bizwire) — Some 100 military vehicles and 12 Blackhawk helicopters were mobilized by the military for the short-lived martial law imposition on Dec. 3, an opposition lawmaker said Thursday. The list of mobilized equipment includes 107 vehicles, such as buses and armed tactical vehicles, as well as choppers that carried special [...]
SEOUL, Dec. 19 (Korea Bizwire) — The Constitutional Court is set to hold the first plenary meeting of its justices Thursday since receiving the National Assembly’s impeachment case against President Yoon Suk Yeol. The Council of Justices, which is held regularly and attended by all justices to discuss pending cases, is expected to deal with [...]
SEOUL, Dec. 19 (Korea Bizwire) — Doosan Enerbility Co. said Thursday it plans to supply key components for a small modular reactor (SMR) project by TerraPower LLC, a nuclear reactor startup founded by Bill Gates, in the United States. The South Korean nuclear power plant builder said it has signed a contract with TerraPower to [...]
SEOUL, Dec. 19 (Korea Bizwire) — A shaman reportedly close to President Yoon Suk Yeol and his wife attended his arrest warrant hearing at a court Thursday after being charged with receiving illegal political funds about six years ago. Jeon Seong-bae, also known as Geon Jin, was detained by prosecutors earlier this week on suspicion [...]
SEOUL, Dec. 19 (Korea Bizwire) — Acting President Han Duck-soo held phone talks with Japanese Prime Minister Shigeru Ishiba on Thursday and agreed to continue trilateral security cooperation with the United States to cope with the deepening military ties between North Korea and Russia, officials said. Han held the phone conversation with Ishiba after President [...]
SEOUL, Dec. 19 (Korea Bizwire) — The Seoul city government on Thursday announced a list of civic representatives to take part in the bell-ringing ceremony in downtown Seoul at midnight on New Year’s Eve. The 11 civic bell ringers were selected from among some 90 people recommended by the public last month for overcoming adversity [...]
SEOUL, Dec. 19 (Korea Bizwire) — South Korea’s spy agency on Thursday said at least 100 North Korean troops dispatched to Russia for combat in Ukraine were killed and 1,000 injured, according to a lawmaker. In a closed-door briefing to the parliamentary intelligence committee, the National Intelligence Service (NIS) also said the Russian military has [...]