SEOUL, March 4 (Korea Bizwire) — South Koreans consumed an average of 30 kilograms of pork per person in 2024, marking a 6.8% increase from the average consumption of the past several years, according to a report released Monday by the Korea Rural Economic Institute (KREI). The figure, published in the KREI’s “Agricultural Outlook 2025” report, [...]
SEOUL, March 4 (Korea Bizwire) — South Korea is taking the lead in developing international standards for brain-computer interface (BCI) technology, a cutting-edge field that enables users to control devices using only their thoughts. The Korean Agency for Technology and Standards (KATS), part of the Ministry of Trade, Industry and Energy, announced on March 3 that [...]
SEOUL, March 4 (Korea Bizwire) — The Seoul Metropolitan Government has announced a new initiative to prevent wild birds from colliding with buildings and transparent noise barriers. The city will be accepting participants for its ‘Wild Bird Collision Prevention Project’ from March 4 to March 18. The project aims to reduce injuries and fatalities among birds [...]
TEL AVIV, Israel, March 3, 2025 (Korea Bizwire) — Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) today announced that Richard Francis, Teva’s President and CEO, will present at two upcoming investor conferences in March as follows: Barclays 27th Annual Global Healthcare Conference Tuesday, March 11, 2025, at 8:00 am ET Leerink Partners Global Healthcare Conference Wednesday, March [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s e-commerce market is entering a new phase of competition as major players escalate their efforts to enhance delivery services, aiming to challenge Coupang’s dominance in logistics. With next-day delivery now an industry standard, retailers are racing to expand same-day shipping to differentiate themselves and meet rising consumer [...]
SEOUL, March 3 (Korea Bizwire) — The financial burden of food expenses for South Korea’s lowest-income households has skyrocketed over the past five years, growing at a significantly faster rate than for higher-income groups. New data reveals that the bottom 20% of earners saw their monthly food expenditures rise by nearly 40%, far outpacing the [...]
SEOUL, March 3 (Korea Bizwire) — Once a haven for budget-conscious shoppers and vintage fashion enthusiasts, South Korea’s secondhand clothing markets are now feeling the strain of high inflation and shifting consumer habits. Vendors at Dongmyo Flea Market, one of Seoul’s most famous thrift-shopping destinations, report a sharp drop in sales, with some saying business [...]
SEOUL, March 3 (Korea Bizwire) — A majority of South Korean workers believe that gender discrimination exists in promotions and job assignments, according to a recent survey conducted by a civic group advocating for labor rights. The organization, Workplace Gabjil 119, commissioned polling firm Global Research to survey 1,000 employed adults aged 19 and older between [...]
SEOUL, March 3 (Korea Bizwire) — Heavy snows have blanketed some parts of South Korea, leaving 77 ferry services and two flights canceled, officials said Monday. Up to 50 centimeters of snow were forecast to fall in Gangwon Province, while heavy snows were also expected to pound other provinces, including Gyeonggi, North Chungcheong and North [...]
SEOUL, March 3 (Korea Bizwire) — About two dozen students, alumni and others gathered at Ewha Womans University in Seoul last week, denouncing the National Assembly’s impeachment of President Yoon Suk Yeol as “invalid,” only to encounter another group of students holding an in-school rally calling for Yoon’s ouster at the same time. The encounter [...]