Korea Bizwire, Author at Be Korea-savvy | Page 81 of 722
S. Korea Ranks 1st in Global Shipbuilding Orders in Jan.

S. Korea Ranks 1st in Global Shipbuilding Orders in Jan.

SEOUL, Feb. 7 (Korea Bizwire) – South Korea ranked first in new global shipbuilding orders in January, outpacing its rival China, industry data showed Friday. South Korean shipyards clinched orders totaling 900,000 compensated gross tons (CGTs) for 13 ships, accounting for 62 percent of the global total at 1.46 million CGTs last month, according to [...]

Young South Koreans Favor Instagram While Over-50s Prefer Band, Survey Shows

Young South Koreans Favor Instagram While Over-50s Prefer Band, Survey Shows

SEOUL, Feb. 7 (Korea Bizwire) — A new survey has revealed distinct generational preferences in social media use among South Koreans, with younger users gravitating toward Instagram while those over 50 show a stronger affinity for Band. However, KakaoTalk remains the most widely used platform across all age groups. According to the “2024 Social Media User [...]

Choi Calls for Close Communication with Parliament for Swift Passage of Value-up Bill

Choi Calls for Close Communication with Parliament for Swift Passage of Value-up Bill

SEOUL, Feb. 7 (Yonhap) – Acting President Choi Sang-mok on Friday emphasized the importance of close communication with parliament to expedite the passage of a bill designed to enhance the country’s capital markets. The revised bill, which recently failed to pass, includes provisions for corporate tax reductions for high-performing companies and a separate taxation scheme [...]

Insurance Companies See Growth in Exclusive Agents Despite Rise of Independent Agencies

Insurance Companies See Growth in Exclusive Agents Despite Rise of Independent Agencies

SEOUL, Feb. 7 (Korea Bizwire) — The number of exclusive insurance agents in South Korea has increased despite the growing influence of independent insurance agencies (GAs) in the market, according to industry data released on February 6. Unlike GA agents who sell products from multiple insurers, exclusive agents are directly employed by insurance companies and sell [...]

N. Korean Leader Calls Regional Public Health Modernization ‘Top Priority’

N. Korean Leader Calls Regional Public Health Modernization ‘Top Priority’

SEOUL, Feb. 7 (Korea Bizwire) – North Korean leader Kim Jong-un has attended a groundbreaking ceremony for a regional hospital, highlighting the wide gap between urban and rural areas and pledging to make the modernization of regional health service a “top priority,” state media reported Friday. Kim attended the ceremony Thursday, which marked the start [...]

Hyundai to Temporarily Halt Ioniq 5, Kona Electric Production Amid Slowing EV Demand

Hyundai to Temporarily Halt Ioniq 5, Kona Electric Production Amid Slowing EV Demand

SEOUL, Feb. 7 (Korea Bizwire) – Hyundai Motor Co. will temporarily suspend production of its Ioniq 5 and Kona Electric models, as weakening electric vehicle (EV) demand continues to impact sales, according to industry sources Friday. According to the sources, Hyundai Motor will halt operations of Line 12 at its Ulsan Plant 1 in South [...]