SEOUL, Aug. 12 (Korea Bizwire) — South Korea neither confirmed nor denied media reports Friday on the apparent transfer of Iranian funds frozen here under U.S. sanctions but expressed hopes for a “smooth” resolution of the issue, a major thorn in the country’s relations with Tehran. Earlier, media outlets reported the United States had reached [...]
SEOUL, Aug. 12 (Korea Bizwire) — State-run Korea Electric Power Corp. (KEPCO) said Friday its earnings stayed in the red in the second quarter, amid higher production costs in the face of the Russia-Ukraine war. Net losses came to 1.9 trillion (US$1.43 billion) won in the April-June period, narrowing from a 4.83 trillion-won loss tallied [...]
SEOUL, Aug. 12 (Korea Bizwire) — Korean Air Co., South Korea’s leading carrier, said Friday it has enhanced its cash and miles program to allow its customers to redeem more miles when purchasing tickets. Starting Thursday, Korean Air increased the maximum amount of redeemable miles to 30 percent from the existing 20 percent, the company [...]
San Francisco , Aug. 11 (Korea Bizwire) – LambdaTest, a leading cloud-based unified test execution and orchestration platform launched an enhanced PDF Comparison feature as part of its SmartUI platform. This expansion reaffirms LambdaTest’s commitment to delivering versatile tools that cater to diverse industry needs. Enterprise plan subscribers can access SmartUI’s PDF Comparison feature, which offers a [...]
SEOUL, Aug. 11 (Korea Bizwire) — About 40,000 participants of the 2023 World Scout Jamboree gathered in Seoul on Friday for a K-pop concert, wrapping up the world event plagued by a heat wave and a typhoon with a glitzy entertainment show. The “K-pop super live” concert took place at Seoul World Cup Stadium in [...]
SEOUL, Aug. 11 (Korea Bizwire) — The government will push to create a sentence of life imprisonment without parole to more sternly respond to heinous crimes, such as murder, the Ministry of Justice said Friday. The ministry said a revision of the Criminal Act, which contains the creation of the life sentence without parole, will [...]
SEOUL, Aug. 11 (Korea BIzwire) — Citizens shared real-time footage of weather and road conditions across the country through online platforms as Typhoon Khanun passed over the Korean peninsula. Naver Corp. introduced a new ‘typhoon’ page on its weather tab, hosting an open chatroom where participants can instantly share various instances of damage. By Thursday [...]
SEOUL, Aug. 11 (Korea BIzwire) — The recent collapse at a construction site in Anseong, Gyeonggi Province, resulting in the deaths of two construction workers and the serious injury of four others, is attributed to the utilization of the deck plate method and hasty construction, an umbrella labor union claimed Thursday. “In the same Anseong [...]
SEOUL, Aug. 11 (Korea BIzwire) — The high-risk alcohol consumption rate, which waned in prominence during and shortly after the pandemic, has been steadily rising since last year due to the lifting of quarantine restrictions. According to a study conducted by the Korea Disease Control and Prevention Agency, the rate of high-risk alcohol consumption among [...]
SEOUL, Aug. 11 (Korea BIzwire) – There are more accidents that occur due to strong wind than heavy rain during typhoons, a South Korean non-life insurer said Thursday. Hyundai Marine & Fire Insurance Co. analyzed some 9,500 car insurance damage claims resulting from typhoons between 2018 and 2022. During this period, the Korean peninsula experienced [...]