SEOUL, July 17 (Korea Bizwire) — Foreign workers accounted for nearly 50 percent of crew members working in South Korea last year, the oceans ministry said Monday. A total of 60,148 crew members were working on local fishing boats as of end-2022, and 28,281 of them were foreigners, or 47 percent of the total, according [...]
SEOUL, July 17 (Korea Bizwire) — J-Hope of K-pop juggernaut BTS will release a CD edition of his debut solo album “Jack in the Box” released a year ago, the band’s agency said Monday. BigHit Music said the album’s “HOPE Edition” will be put out on Aug. 18. The edition will have three live tracks [...]
SEOUL, July 17 (Korea Bizwire) — The share of South Korea in China’s total imports has been steadily declining, Beijing’s trade data showed Sunday. China’s imports from South Korea amounted to $77 billion in the first half of this year, showing a 24.9 percent decrease compared to the previous year, according to data from China’s [...]
SEOUL, July 17 (Korea Bizwire) — Samsung Electro-Mechanics Co., a major electronics components maker, said Sunday it will commence mass production of power inductors specifically designed for cameras in self-driving and electric vehicles. A power inductor is a component necessary to supply stable electricity coming from the battery to the semiconductor. The company’s developed power [...]
SEOUL, July 17 (Korea Bizwire) — As the paradigm of car use shifts from ownership to service, an increasing number of South Korean firms are embracing car-sharing services to minimize costs. Car-sharing platform operator SOCAR Inc. has established some 4,800 SOCAR zones nationwide and deployed around 20,000 vehicles. This allows companies to utilize these vehicles [...]
SEOUL, July 16 (Korea Bizwire) — BTS member Jungkook’s first solo single, “Seven,” has landed atop streaming giant Spotify’s daily top song global chart, his agency said Sunday. The digital single, unveiled Friday, topped the chart after being streamed nearly 16 million times. The agency, BigHit Music, said the feat made Jungkook the first Korean [...]
WARSAW, July 16 (Korea Bizwire) — South Korea will supply Ukraine with more mine detectors and demining equipment as part of its assistance package for the war-torn nation, a presidential official said Sunday. South Korean President Yoon Suk Yeol met with Ukrainian President Volodymyr Zelenskyy in Kyiv on Saturday and agreed to provide the country [...]
SEOUL, July 16 (Korea Bizwire) — Lotte Energy Materials Corp. said Sunday it has signed a deal to make a 7.9 billion-won (US$6.2 million) equity investment in a French electric vehicle battery materials startup as part of its plans to enter the next-generation silicon anode market. In an investment agreement signed Friday, Lotte Energy Materials, [...]
SEOUL, July 16 (Korea Bizwire) — Nearly 15 percent of employees in the South Korean construction industry were foreigners in the first quarter of the year amid a shortage of local laborers at construction sites, a report showed Sunday. A total of 110,000 workers of foreign nationality were working at construction sites as of end-March, [...]
SEOUL, July 16 (Korea Bizwire) — Hyundai Motor Group said Sunday it expects its cumulative sales in India to reach 9 million units later this year The cumulative number of Hyundai Motor Co.’s vehicles sold in India amounted to 8.69 million in June, 25 years after the automaker released the Santro, its city car model, [...]