SEOUL, July 31 (Korea Bizwire) — The number of international flight passengers recovered to nearly 65 percent of the pre-pandemic level in the first half of the year, government data showed Monday. A total of 29.5 million people boarded international flights between January and June, accounting for 64.8 percent of the 45.6 million tallied over [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s exports of farm and fisheries products fell 3.8 percent on-year in the first half of the year, data showed Monday. Outbound shipments of agricultural and fisheries goods came to US$5.95 billion in the January-June period, down from $6.19 billion a year earlier, according to the data by [...]
SEOUL, July 31 (Korea Bizwire) — In South Korea, where the number of doctors ranks near the bottom among the Organization for Economic Cooperation and Development (OECD) members, doctors’ incomes are among the highest, data showed Sunday. According to the OECD Health Statistics 2023, the annual income of Korean medical specialists working in hospitals and [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s oil-refining industry reported disappointing second-quarter results due to weak oil-refining margins, although lubricants acted as a supporting factor. During the second quarter of this year, SK Innovation Co.’s lubricant sales amounted to 1.1 trillion won (US$869 million), representing only 5.9 percent of its total sales. Despite this, [...]
SEOUL, July 31 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said they will establish a blockchain-based subcontractor carbon emissions history management automation system (SCEMS) and distribute it for free to their subcontractors. SCEMS is an integrated system that covers the entire process, from raw material procurement to component and vehicle [...]
SEOUL, July 30 (Korea Bizwire) — Family members of six former South Korean presidents have met at the former presidential compound of Cheong Wa Dae in the first such gathering dubbed as a symbol of “historic reconciliation.” The meeting on Saturday came as Culture Minister Park Bo-gyoon invited the relatives of the former leaders to [...]
SEOUL, July 30 (Korea Bizwire) — South Korea and Ethiopia have agreed to increase flights between the two countries from the current seven to nine a week, a move that will help further promote people-to-people exchanges, Seoul said Sunday. Under the agreement reached with the Ethiopian Civil Aviation Authority, there will be two more passenger [...]
SEOUL, July 30 (Korea Bizwire) — South Korea’s financial regulator said Sunday the English language service of its electronic disclosure system (DART) will be expanded starting next week as part of efforts to improve foreigners’ access to the country’s financial market information. The Financial Supervisory Service (FSS) said the updated DART will allow users to [...]
SEOUL, July 30 (Korea Bizwire) — The combined U.S. market share of Hyundai Motor Co. and its smaller affiliate Kia Corp. inched up in the first half of the year from a year earlier, managing to stay above the 10 percent range amid the recovery in demand and output, data showed Sunday. Their combined share [...]
SEOUL, July 29 (Korea Bizwire) — Tens of thousands of teachers staged a large-scale protest in downtown Seoul on Saturday, calling for the normalization of the public education, after a colleague took her own life at an elementary school last week. Police estimated that around 21,000 activists took part in the event, while organizers asserted [...]