SEOUL, Oct. 9 (Korea Bizwire) — South Korea’s peak electricity demand hit a new record in September, as the scorching summer heat extended into the autumn season, data showed Wednesday. The country’s peak power demand last month averaged 78 gigawatts, a 6 percent increase from a year earlier, according to the Korea Power Exchange, marking [...]
SEOUL, Oct. 9 (Korea Bizwire) — South Korea will be included in a key global government bond index run by FTSE Russell, starting in November next year, the London-based organization has said, a decision expected to help it attract significant foreign investment. The country will be added to the FTSE Russell’s World Government Bond Index [...]
SEOUL, Oct. 9 (Korea Bizwire) — North Korea’s military said it will cut off all roads and railways connected to South Korea starting Wednesday and build “strong defense structures” in the areas in response to South Korea-U.S. military maneuvers. “A project will be launched first on October 9 to completely cut off roads and railways [...]
SEOUL, Oct. 9 (Korea Bizwire) — A loss away from having their 2024 season ended, the KT Wiz shuffled their lineup deck once again Wednesday against the LG Twins. The Wiz are down 2-1 in the best-of-five opening round of the Korea Baseball Organization (KBO) postseason, following a 6-5 loss at KT Wiz Park in [...]
SEOUL, Oct. 9 (Korea Bizwire) — After homering off LG Twins closer You Young-chan in a Korea Baseball Organization postseason game Tuesday night, KT Wiz center fielder Bae Jung-dae had mixed feelings about the moment. Bae was obviously excited that his two-run shot in the bottom of the ninth inning cut his team’s deficit to [...]
SEOUL, Oct. 9 (Korea Bizwire) – As South Korea grapples with a plummeting birth rate, a growing number of childcare facilities are finding new purpose as long-term care centers for the elderly, highlighting the country’s dramatic demographic shift. According to data obtained by Representative Jeon Jin-suk of the Democratic Party from 17 provincial and metropolitan governments, [...]
SEOUL, Oct. 9 (Korea Bizwire) – The possibility of war breaking out on the Korean Peninsula has reached its highest level since the 1950-53 Korean War, according to a recent analysis published in Foreign Policy magazine. Robert Manning, a senior fellow at the Stimson Center, a Washington-based think tank, wrote in his article that while an immediate [...]
SEOUL, Oct. 9 (Korea Bizwire) – A new study from South Korea has uncovered a disturbing link between diabetes, economic hardship, and suicide risk, highlighting the urgent need for social attention and practical support for vulnerable patients. The Korean Diabetes Association (KDA) reported on October 8 that low-income individuals with diabetes face a suicide risk 4.34 times [...]
SEOUL, Oct. 9 (Korea Bizwire) – South Korea’s job market presented a mixed picture in the first half of 2024, with significant job losses in construction and retail sectors contrasting with growth in social welfare and software development, according to a report released by Statistics Korea on October 8. The “Regional Employment Survey: Industrial and Occupational Characteristics [...]
SEOUL, Oct. 9 (Korea Bizwire) – In a symbolic move to reclaim its cultural heritage, South Korea is set to reopen a pathway between two of its most significant royal sites in Seoul, reversing a divisive action taken during Japanese colonial rule. The Cultural Heritage Administration announced that starting October 9, it will open the gates along [...]