SEOUL, Aug. 28 (Korea Bizwire) — POSCO Future M Co. said Monday it aims to achieve 3.4 trillion won (US$2.57 billion) in annual operating profit by 2030 as it accelerates the expansion into the manufacturing of secondary battery materials amid the robust electric vehicle (EV) demand. The chemical unit of South Korean steel giant POSCO [...]
SEOUL, Aug. 28 (Korea Bizwire) — The University of Sheffield in Britain has recently opened a section dedicated to materials related to Korea in its library, the National Library of Korea (NLK) said Monday. The “Window on Korea” section was added at the university’s library in Sheffield, Britain, to mark the 140th anniversary of diplomatic [...]
SEOUL, Aug. 28 (Korea Bizwire) — On the day Japan commenced the release of contaminated water from the Fukushima nuclear plant, there was a notable upswing in dried seafood sales at supermarkets across South Korea. The retail industry posits that consumer apprehension regarding seafood safety following the contaminated water discharge prompted a surge in stockpiling [...]
SEOUL, Aug. 28 (Korea Bizwire) – The Korea Meteorological Administration (KMA) has developed an array of specialized weather services to cater to diverse user needs. These encompass customized forecasts tailored for orchardists, predictions for solar power generation based on insolation, and weather insights for prominent tourist attractions. Among these segments, orchardists rely heavily on KMA [...]
SEOUL, Aug. 28 (Korea Bizwire) — Despite the rebound of the real estate market, the count of licensed real estate agents establishing their independent agencies continues to decrease across the country. The total number of such agents stood at 116,976 in July, dipping below 17,000 for the first time since January of the previous year, [...]
SEOUL, Aug. 28 (Korea Bizwire) — There is a strong correlation between income levels and the incidence of diabetes in South Korea, a study showed Sunday. A collaborative research group consisting of the Catholic University Bucheon St. Mary’s Hospital, Soongsil University and Korea University Guro Hospital classified 7.82 million adults aged between 30 and 64, [...]
SEOUL, Aug. 28 (Korea Bizwire) — Two premier luxury hotels in South Korea grapple with the dilemma of managing their Japanese restaurants as Japan initiates the release of contaminated water from the crippled Fukushima nuclear power plant. The Japanese restaurant Ariake, situated within The Shilla Seoul, announced in 2011 that it would cease the use [...]
SEOUL, Aug. 27 (Korea Bizwire) — School violence victims will be separated from offenders for as long as one week, starting next month, from the current three days, in an effort to better protect victims, the education ministry said Sunday. The change is one of the first measures in the ministry’s new guidelines to tackle [...]
SEOUL, Aug. 27 (Korea Bizwire) — The land ministry said Sunday it will push for a 10-month business suspension for GS Engineering & Construction Corp. over the collapse of a parking garage earlier this year. On April 29, the roof of an underground parking garage at an apartment complex collapsed while being built by the [...]
SEOUL, Aug. 27 (Korea Bizwire) — More than 1.26 million young people remained unemployed after completing their studies, and it took more than 10 months for youths to get their first job after graduation on average, data showed Sunday. Of the 8.42 million people aged 15-29, 4.52 million had graduated from middle school, high school [...]