SUWON, South Korea, June 28 (Korea Bizwire) – A South Korean leader in solar energy generation said Wednesday that it will build what it claims to be the world’s largest floating solar power generation facility designed to follow the sun’s movement at two reservoirs in the city of Hwaseong, south of Seoul. Solkiss will set [...]
SEOUL, June 28 (Korea Bizwire) – A private think tank urged the government Wednesday to exempt taxes on income earned by South Korean multinationals abroad so they can easily repatriate funds that can fuel investment in the country. “The core of the new U.S. administration’s tax reform revealed in April is centered on the country [...]
SEOUL, Jun. 28 (Korea Bizwire) — Prejudice against adoptees still runs rampant in South Korean society, despite growing domestic adoption, with nearly three in 10 adoptive parents facing difficulties dealing with negative stereotypes, a new report has revealed. A report on childcare support for marginalized groups published by the Korea Institute of Child Care & [...]
SEOUL, Jun. 28 (Korea Bizwire) — Despite its high price tag, Samsung’s new high-end IoT refrigerator is receiving a warm reception from the public, with over two million people participating in a trial event of the state-of-the-art kitchen staple. Samsung’s online event dubbed ‘Smart Experience’, which began on June 15 and ran until last Sunday, [...]
SEOUL, Jun. 28 (Korea Bizwire) — Employment as a translator or language instructor top the list of preferred jobs for foreign spouses living in South Korea, a new report has revealed. According to the report on multicultural families released by researcher Lee Nam-cheol at the Korea Research Institute for Vocational Education and Training (KRIVET), over [...]
SEOUL AIR BASE, June 28 (Korea Bizwire) – South Korean President Moon Jae-in headed to the United States on Wednesday for a summit with his U.S. counterpart Donald Trump, which will likely focus on how to rein in North Korea’s growing nuclear and missile capabilities, as well as forming a personal relationship to last their [...]
SEOUL, June 28 (Korea Bizwire) – Seen from afar, Je Mi-young’s work looks just like a painting: Korean houses, alleys and nature are depicted in bold and vivid colors and in such great detail that capture small flower pots on roof tops, laundry hanging in the front yard, and books and curtains seen through small [...]
SEJONG, June 28 (Korea Bizwire) – The number of newborn babies in South Korea dropped for 17 months in a row in April, a government report showed Wednesday, in the latest sign that underscores challenges in boosting its low birthrate. About 30,400 babies were born in April, down 13.6 percent, or 4,800, from 35,200 tallied [...]
SEOUL, June 28 (Korea Bizwire) – The percentage of elderly South Koreans receiving public or private pensions stood at 30 percent in 2016, a government report showed Wednesday. The report by the Board of Audit and Inspection (BAI), which analyzed data by the NPS and private insurance companies, showed many people remaining unprotected by the [...]
SEOUL, June 28 (Korea Bizwire) – An ambitious South Korean SME is making a foray into the Vietnamese electric vehicle market. MBI, a company that specializes in producing automobile transmissions, announced plans on Tuesday to invest 113.5 billion won to build electric vehicle manufacturing plants in partnership with local investor N&G at the Hanoi South [...]