SEOUL, Jan. 23 (Korea Bizwire) — The number of visitors to South Korea traveling on cruises nearly tripled in 2024 from a year earlier, driven by post-pandemic travel demand, data showed Thursday. Around 810,000 tourists visited South Korea on cruise ships in 2024, compared with 273,000 a year earlier, according to data compiled by the [...]
SEOUL, Jan. 23 (Korea Bizwire) — The South Korean government announced plans to institutionalize undercover narcotics investigations and strengthen on-site enforcement authority in response to the evolving sophistication of drug trafficking networks. The measures, unveiled during a cabinet meeting on January 22, are part of the country’s first Basic Narcotics Control Plan for 2025–2029. The [...]
SEOUL, Jan. 23 (Korea Bizwire) — The Korea Securities Depository (KSD) reported on January 22 that the issuance of derivatives-linked securities (DLS) increased to 18.37 trillion won in 2024, marking a 14.3% rise from the previous year. DLS products are structured to provide promised returns when underlying assets such as interest rates or exchange rates remain [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korea’s average sea surface temperature reached an unprecedented high in 2024, surpassing the previous record set just a year earlier, according to data released by the National Institute of Fisheries Science (NIFS) on January 22. Research vessels recorded an annual average sea surface temperature of 18.74°C in South Korean [...]
SEOUL, Jan. 23 (Korea Bizwire) — More than 70% of South Koreans are now familiar with the nation’s animal protection laws, reflecting a steady increase in public awareness of animal welfare issues, according to a recent government survey. The Ministry of Agriculture, Food and Rural Affairs conducted an online survey of 5,000 respondents aged 20-64 across [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korean elite military units are conducting a joint anti-terror sniper training exercise at the Suseong Firing Range in Pohang, North Gyeongsang Province, the Marine Corps announced on January 22. The three-day exercise, which began on January 20 and continues through January 23, brings together sniper teams from multiple branches [...]
SEOUL, Jan. 22 (Korea Bizwire) — Statistics Korea announced plans on January 21 to develop a groundbreaking Population Dynamics Panel Statistics project that will examine how economic and social factors influence marriage and childbirth decisions among different age groups. The new study will track life events of individuals born between 1983 and 1995, analyzing how factors [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Korea’s three major battery makers likely made all-time-high investments in research and development (R&D) activities last year despite a slowdown in electric vehicle sales, industry sources said Wednesday. LG Energy Solution Ltd. (LGES), Samsung SDI Co. and SK On are estimated to have invested more than 2.5 trillion [...]
SEOUL, Jan. 22 (Korea Bizwire) — With just one month remaining until South Korea’s much-debated delivery fee reform takes effect, questions over its effectiveness are growing. Opposition from franchise operators and the rise of “dual pricing” systems among small business owners are fueling concerns that the reform could exacerbate, rather than resolve, industry tensions. Critics [...]
SEOUL, Jan. 22 (Korea Bizwire) – South Korea’s defense technologies were assessed to be the world’s eighth most advanced as of last year, moving up one notch from the previous review, a triennial government report showed Wednesday. In comparison to the United States, which topped the list of 16 nations, the level of South Korea’s [...]