SEOUL, March 24 (Korea Bizwire) — LG Electronics Inc. said Monday its new advanced organic light-emitting diode (OLED) evo TVs have claimed all top 10 spots in consumer rankings released by U.S. Consumer Report. Consumer Report has recently adjusted its evaluation standards for TV products in terms of creditability, satisfaction, screen resolution and sound quality. [...]
SEJONG, March 24 (Korea Bizwire) — More than 160 people died or went missing in maritime accidents in South Korea last year, government data showed Monday. In 2024, 3,255 maritime accidents occurred in the country, up 5.3 percent from 2023, according to the data compiled by the Ministry of Oceans and Fisheries. In the accidents, [...]
SEOUL, March 24 (Korea Bizwire) — South Korean and Indonesian defense officials have reaffirmed their cooperation for a joint project to develop the KF-21 fighter jet, the South’s arms procurement agency said Monday. Seok Jong-gun, minister of the Defense Acquisition Program Administration (DAPA), and Donny Ermawan Taufanto, Indonesia’s deputy minister of defense, discussed the joint [...]
SEOUL, March 24 (Korea Bizwire) — Authorities will intensively deploy helicopters to battle the deadly wildfires that have engulfed the southeastern county of Sancheong for the fourth consecutive day Monday, as the blaze is spreading to the adjacent Hadong County, officials said. As many as 36 helicopters were deployed to the two counties in South [...]
SEOUL, March 24 (Korea Bizwire) — The Constitutional Court dismissed the impeachment of Prime Minister Han Duck-soo on Monday, reinstating him as acting president in the ongoing turmoil over suspended President Yoon Suk Yeol’s brief imposition of martial law. Han’s impeachment was dismissed in a 5-1 vote by the court’s eight justices. Two justices voted [...]
SEOUL, March 24 (Korea Bizwire) — After an unprecedented 18-month suspension, South Korea will fully resume short selling on March 31, marking the first time since March 2020 that the practice will be allowed for all listed stocks. The move comes despite mixed results from the country’s longest-ever ban on short selling, which failed to deliver [...]
SEOUL, March 24 (Korea Bizwire) — A South Korean court has ruled that the death of a delivery driver who ran a red light and was killed in a traffic accident while rushing to meet delivery deadlines qualifies as a work-related accident. The Seoul Administrative Court’s 8th Division, presided over by Judge Lee Jung-hee, sided [...]
SEOUL, March 24 (Korea Bizwire) — South Korean health authorities have reported a striking 140% increase in attention deficit hyperactivity disorder (ADHD) medication prescriptions over the past four years, while prescriptions for appetite suppressants continued their steady decline. According to data released by the Ministry of Food and Drug Safety, approximately 338,000 individuals received prescriptions for methylphenidate, [...]
SEOUL, March 24 (Korea Bizwire) — In a matter of days, South Korea went from feeling hopeful they could grab an early World Cup berth to standing on the precipice of losing the top spot in their qualification group. Such is the life of a depleted team without several injured players, including their most creative [...]
ULSAN, March 24 (Korea Bizwire) — With South Korea’s shipbuilding industry experiencing its strongest boom in 15 years, the Dong-gu district of Ulsan is taking steps to better accommodate its rapidly growing foreign population with new comprehensive support measures. The district council recently passed amendments to its foreign resident support ordinance, requiring the local government to develop, [...]