SEOUL, March 15 (Korea Bizwire) – The United States has included its advanced missile-defense system as part of the support it would provide South Korea in emergency situations on the Korean Peninsula, a South Korean military source said Sunday. “The U.S. plans to deploy a Terminal High-Altitude Area Defense (THAAD) in case of an emergency on [...]
SHINAN, Korea, March 14 (Korea Bizwire) — One Coast Guard officer died and three others went missing after a helicopter on a rescue mission crashed near an island off South Korea’s southwestern coast, officials said Saturday. The Coast Guard helicopter crashed in waters off Gageodo Island at around 8:27 p.m. Friday, while trying to land near [...]
WASHINGTON, March 13 (Korea Bizwire) — The free trade agreement between the United States and South Korea has helped significantly expand American exports to the Asian nation across the board, U.S. Trade Representative Michael Froman said Friday. “After battling economic headwinds, our trade with Korea is expanding, American industries are gaining market-share across the range [...]
SEOUL, March 13 (Korea Bizwire) – A popular pastry for common people has become a luxurious dessert, as it is gaining popularity at department stores and shopping complexes. The move upscale has been matched by a corresponding increase in price, with a jump to 3,000 won (US$2.70), which is 10 times higher than that of [...]
SEOUL, March 13 (Korea Bizwire) – As violence against medical staff increases in and outside of hospitals, the medical community has raised its voice to push for the legislation of rules reinforcing punishment against the crimes, in a move to prevent an escalation in these types of incidents. According to industry sources, there are two [...]
SEOUL, March 13 (Korea Bizwire) – In the near future, it will be possible to resell electricity stored in an electric vehicle’s battery to the grid. As EV users can charge their vehicles at a lower cost at night, they can make money by reselling the stored electricity at a higher cost during the day. [...]
SEOUL, March 13 (Korea Bizwire) – South Korea’s top automaker Hyundai Motor and its sister affiliate Kia Motors raised sales of localized car models in overseas markets such as Brazil by more than 25 percent in the first two months of the year from a year ago, industry data showed Friday. The number of localized models [...]
“As (U.S. Forces Korea) contribute to maintaining peace between the two Koreas and maintaining a balance and peace in the entire Northeast Asian region, we need them. The role of U.S. Forces Korea must be maintained even after reunification. U.S. Forces Korea are needed until a Northeast Asian security regime is formed.” “President Park Geun-hye [...]
SEOUL, March 13 (Korea Bizwire) — Suwon city is re-opening Suwon Baseball Stadium, which has been remodeled to be used as the city baseball team’s private ground, on March 14, said the city government. Renamed as ‘Suwon KT WIZ Park,’ the remodeled stadium can seat 2,225 viewers on its four floors, whose areas total 19,939㎡. [...]
SEOUL, March 13 (Korea Bizwire) — Dokdo Museum Seoul is preparing a special event for its 90,000th visitor in celebration of its 900 days of operation, according to an announcement on its website. The museum will award a three-person travel ticket for Dokdo and Ulleungdo Islands to its 90,000th visitor, expected to be identified between March [...]