SEOUL, Jun. 13 (Korea Bizwire) — Smoking and drinking could contribute to the accumulation of heavy metals inside the human body, according to a report released by the Ministry of Food and Drug Safety (MFDS) on Tuesday. The report from the MFDS found a link between unhealthy habits such as drinking and smoking, and the [...]
GOYANG, South Korea, June 13 (Korea Bizwire) – Hyundai Motor Co. on Tuesday unveiled its first subcompact SUV Kona in a move to bolster its SUV lineup amid growing demand for recreational vehicles. The five new SUVs are an all-electric Kona, a fuel cell-based car, an SUV larger than the Santa Fe, and two smaller-sized [...]
SEOUL, June 13 (Korea Bizwire) – The chief of South Korea’s central bank on Tuesday renewed his stance to maintain the current monetary easing policy to support growth despite a possible U.S. rate hike this week. “As I mentioned yesterday, we will maintain the accommodative monetary policy to help out with economic recovery. We cannot [...]
SEJONG, June 13 (Korea Bizwire) – The South Korean government vowed Tuesday to take all necessary measures to deal with growing U.S. barriers against its trade surplus and steel products. “As the U.S. government has been moving to strengthen trade restrictions and raise barriers, all government ministries need to formulate countermeasures against such developments,” Deputy [...]
SEOUL, Jun. 13 (Korea Bizwire) — Despite the newly-elected South Korean government’s efforts to work with China, the deployment of a THAAD missile defense system at home continues to haunt South Korean companies operating in their neighbor across the Yellow Sea, particularly Lotte. According to Lotte officials and other diplomatic sources, Chinese authorities have once [...]
SEOUL, May 13 (Korea Bizwire) – Growing income inequality is dividing the prospect of home ownership in the nation as a recent survey suggests some could take as much as nearly ten years longer than others to buy their first home. Nearly one in three households in Seoul predicted it would take at least another ten [...]
SEOUL, May 13 (Korea Bizwire) – The Ministry of the Interior (MOI) is developing a prototype analysis model based on big data information gathered from local governments that could reshape the way administrative work is conducted in South Korea. The MOI is set to embark on a big data project this year that will be used [...]
SEOUL, June 13 (Korea Bizwire) – Living in another country is an experience fraught with challenges. Even something as simple as using public transport can be difficult if you don’t speak the language or don’t have accurate information. As the number of foreign residents in Seoul was estimated to be nearly 280,000 as of last [...]
SEOUL, June 13 (Korea Bizwire) – Eggs imported from Thailand will arrive in South Korea next week, the agriculture ministry said Tuesday, as the government seeks to contain rising prices amid the latest bird flu outbreak. Some 2 million eggs imported by a local company will arrive in South Korea via ship sometime between next [...]
SEOUL, June 13 (Korea Bizwire) – The accumulated investment made by South Korean companies in Vietnam topped the US$50 billion mark as of 2016, with local businesses emerging as the No. 1 foreign investors in the Southeast Asian economy, industry data showed Monday. According to the data compiled by the Korea Trade-Investment Promotion Agency (KOTRA), [...]