SEOUL, Oct. 2 (Korea Bizwire) — A flurry of new liquefied natural gas (LNG) projects worldwide is fueling expectations of a rebound in orders for LNG carriers, a sector where South Korean shipbuilders hold a commanding lead. Yet analysts warn that years of heavy contracting may leave the market vulnerable to another downturn. According to [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korean trading companies have lost more than 130 billion won (US$96 million) to foreign exchange-related trade fraud in the past four years, underscoring persistent vulnerabilities in international transactions, according to data released by the Financial Supervisory Service (FSS) on Wednesday. Between 2021 and the first half of 2025, [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korea’s youth are facing mounting mental health challenges, with child and adolescent suicide rates climbing to their highest level in more than two decades, according to a government report released Wednesday. The “Child and Youth Quality of Life 2025” survey, published by the National Data Office, found that [...]
Dr Jane Goodall, founder of the Jane Goodall Institute and UN Messenger of Peace, was a remarkable example of courage and conviction, working tirelessly throughout her life to raise awareness about threats to wildlife, promote conservation, and inspire a more harmonious, sustainable relationship between people, animals and the natural world. Los Angeles, CA, Oct. 01, [...]
SEOUL, Oct. 2 (Korea Bizwire) — CJ Logistics said Wednesday it will take part in a state-led research initiative to develop humanoid robots equipped with dexterous robotic hands, aiming to transform logistics operations and secure a technological edge in the fast-evolving sector. The project is part of the Ministry of Trade, Industry and Energy’s “K-Humanoid [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korea risks falling short on hotel capacity as the number of foreign visitors is set to surpass 20 million this year, a national audit has found. The Board of Audit and Inspection said Wednesday that the Ministry of Culture, Sports and Tourism had failed to establish clear standards [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korea’s government has designated nearly 100 new transmission and substation projects as “national backbone power grid facilities,” clearing the way for streamlined approvals and fast-tracked construction under a special power grid law that took effect last month. The move, officials said Wednesday, is part of an ambitious plan [...]
SEOUL, Oct. 2 (Korea Bizwire) – LG Electronics Inc. on Thursday unveiled new modular housing models featuring the latest home appliances in response to the growing demand for second houses. The South Korean tech giant launched two new models of the LG Smart Cottage, which refers to the company’s prefabricated home equipped with its heating, [...]
SEOUL, Oct. 2 (Korea Bizwire) — Despite a sharp nationwide drop in the use of coal briquettes for home heating, pockets of households in Seoul, Daegu and parts of Gyeonggi Province continue to rely on the fuel at nearly steady levels, underscoring the strain of rising utility costs and the persistence of aging housing stock. [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korea’s leading association of listed firms has voiced opposition to a proposed across-the-board corporate tax hike, arguing it would further burden businesses already struggling with weak global demand and a downturn in the semiconductor sector. The Korea Listed Companies Association (KLCA) said Tuesday it had submitted a formal [...]