SEOUL, Nov. 19 (Korea Bizwire) — Nearly 7 in 10 married South Korean women have experienced career interruptions due to pregnancy and child-rearing, data showed Tuesday. The number of married women aged 15-54 who left the workforce reached 1.22 million in the first half of this year, according to the data from Statistics Korea. This [...]
SEOUL, Nov. 19 (Korea Bizwire) – South Korea’s hybrid vehicle registrations are poised to hit an all-time high this year, reflecting both growing environmental consciousness and a temporary plateau in electric vehicle demand. According to data from the Carisyou data research institute, hybrid vehicle registrations from January to October reached 311,769 units, a 24.8% increase from [...]
SEOUL, Nov. 19 (Korea Bizwire) – South Korea’s inheritance tax system, among the highest in developed nations, is hampering business continuity and economic dynamism, according to a new report released on November 18 by the Korea Chamber of Commerce and Industry (KCCI). The report, “Five Reasons Why Inheritance Tax Reform is Necessary,” comes as the government’s [...]
SEOUL, Nov. 19 (Korea Bizwire) – In an innovative approach to tackle coffee capsule waste, South Korea’s postal service is transforming its nationwide network into a recycling infrastructure for used coffee capsules. Korea Post announced on November 18 that it has launched a nationwide collection program for used coffee capsules, following a July partnership agreement with [...]
ULSAN, Nov. 19 (Korea Bizwire) – South Korean researchers have developed a revolutionary skin patch that maintains strong adhesion during vigorous physical movement while being easily removable without irritation, potentially changing the future of wearable medical devices. The breakthrough, announced on November 18 by the Ulsan National Institute of Science and Technology (UNIST), comes from a [...]
REGULATED INFORMATION Publication relating to transparency notifications Mont-Saint-Guibert, Belgium, Nov. 18 (Korea Bizwire) – In accordance with article 14 of the Act of 2 May 2007 on the disclosure of large shareholdings, Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) announces that it received a transparency notification as detailed below. On November 15, 2024, Nyxoah received a transparency notification from ResMed Inc. following [...]
SEOUL, Nov. 18 (Korea Bizwire) — Hyundai Rotem Co. said Monday it has signed a comprehensive cooperation agreement with Peru’s Army Weapons and Ammunition Factory (FAME) aimed at exporting ground weapons to the country, including its K2 battle tanks and wheeled armored vehicles. The agreement was made on the sidelines of the Asia-Pacific Economic Cooperation [...]
SEOUL, Nov. 18 (Korea Bizwire) – An individual referred to only as Lee, who began his career as a delivery worker three years ago, says the pressure to meet tight deadlines has become nearly unbearable. “We need to complete at least four deliveries per hour to make ends meet,” said Lee, who acknowledged that running red [...]
SEOUL, Nov. 18 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Monday it has signed an initial pact with U.S.-based Bear Robotics to become its sole supplier of cylindrical batteries. LGES signed a memorandum of understanding with the Silicon Valley-based artificial intelligence autonomous service robot company to supply its [...]
SEOUL, Nov. 18 (Korea Bizwire) – A significant shift in attitudes toward traditional family structures is emerging among South Korea’s younger generation, with two in five people in their 20s now believing that marriage is not a prerequisite for having children, according to a new government survey. The 2024 Social Survey by Statistics Korea reveals that [...]