SEOUL, Jul. 4 (Korea Bizwire) — Despite electricity shortage worries over the temporary shutdown of eight aging coal-fired power plants last month, the electricity supply in South Korea has remained relatively stable, industry reports said. According to the Korea Power Exchange (KPX), the country’s electricity consumption hit its monthly high on June 30, at 75.41 [...]
SEOUL, July 4 (Korea Bizwire) – North Korea said Tuesday that it will make an “important announcement” at 3 p.m. (Pyongyang time) after it launched a ballistic missile earlier in the day. North Korea will make a special announcement, the state-run radio station said, without elaborating. The North fired an unidentified ballistic missile in its [...]
SEOUL, July 4 (Korea Bizwire) – South Korean chipmaker SK hynix Inc., which recently joined a global consortium to purchase Japan-based Toshiba Corp.’s memory business, on Tuesday declined to clarify whether the company can exercise voting rights in the newly purchased business. “The negotiations are still under progress, and details are open to change,” an [...]
SEOUL, Jul. 3 (Korea Bizwire) — Experts warn that cooking meat indoors without ventilation could see levels of ultra-fine dust increase by as much as nine times their normal values. According to a research team of environmental conservation led by professor Kim Sung-ryeol at Soon Chun Hyang University, cooking meat without opening a window to ventilate [...]
SEOUL, Jul. 3 (Korea Bizwire) — Animal auction houses, which have been identified as a hotbed of illegal distribution of dogs and acts in South Korea, will now be required to register as retail businesses. The Ministry of Agriculture, Food and Rural Affairs (MAFRA) announced Sunday that it had passed a revision to the Animal [...]
SEOUL, July 3 (Yonhap) – South Korean President Moon Jae-in urged North Korea to return to the negotiating table Monday, saying now may be the last chance for the communist state to do so. In a meeting with former U.S. President Barack Obama, the new South Korean president noted he and U.S. President Donald Trump agreed [...]
SEOUL, July 3 (Korea Bizwire) – South Korea’s five carmakers said Monday their combined sales fell 14 percent last month from a year earlier as overseas vehicle demand remained weak. The five automakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — sold a total [...]
SEOUL, Jul. 3 (Korea Bizwire) — A number of municipal governments in South Korea are facing criticism from civic groups for planning to hold farewell and welcome events for the U.S. armed forces stationed locally, amid plans to reshuffle the locations of American military bases in the country. A Cheonan-based community organization issued a statement [...]
SEOUL, Jul. 3 (Korea Bizwire) — South Korean telecommunications giant SK Telecom is considering the idea of launching an artificial intelligence-based taxi-hailing app, which the company sees as a chance to take advantage of its big data database. Though off to a late start, the IT company seems confident its service will prove popular, as [...]
SEOUL, July 3 (Korea Bizwire) – Hyundai Motor Co. said Monday its sales fell 16 percent last month from a year earlier hit by weakening overseas demand, particularly in the Chinese market. The country’s biggest carmaker by sales sold a total of 376,109 vehicles in June, down from 445,021 units a year earlier, the company [...]