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Defense Ministry to Install Special Reform Panel

SEOUL, May 26 (Korea Bizwire) – The defense ministry will install a special reform panel to deliver on President Moon Jae-in’s campaign pledges to bolster military capabilities, shorten military service for draftees and enhance their welfare, Moon’s policy advisory panel said Thursday. The ministry will also finalize its defense reform plan over the next year, the State Affairs Planning Advisory Committee said, citing its policy briefing. “The [...]

POSCO ICT Seeks to Sell Power Produced via Solar Panels

SEOUL, May 26 (Korea Bizwire) – POSCO ICT Co., a unit of South Korea’s leading steelmaker POSCO, said Thursday it plans to generate power from solar panels set up on rooftops of buildings and sell it to the state-run Korea Power Exchange. The company said the project involves generating small-volume power of around 1 megawatt. POSCO ICT plans to install infrastructure at its headquarters and factories, and gradually expand the production capacity. “We have a bright outlook on the [...]

North Gyeongsang Province Resorts to Bicycles in Fight Against Fine Dust

GYEONGSANG PROVINCE, SOUTH KOREA, 25 (Korea Bizwire) – Local governments and councils in North Gyeongsang Province are becoming increasingly bicycle-friendly to encourage more people to make use of the environmentally-friendly mode of transport, as part of their efforts to reduce fine dust emissions. Part of the initiative comes in the form of free bike rental service, [...]

Girls’ Generation’s Hyoyeon to Release New Solo Track

SEOUL, May 25 (Korea Bizwire) – Hyoyeon, member of South Korean idol group Girls’ Generation, plans to release her second solo track next month, her agency said Thursday. Hyoyeon will put out the digital single “Wannabe” next Thursday via major streaming services, including Melon, Genie and Naver Music, S.M. Entertainment said. “Wannabe” is a pop [...]

Tesla sets up 1st supercharger in S. Korea

SEOUL, May 25 (Korea Bizwire) – Tesla Motors Inc. has set up its first rapid-charging station in South Korea, the first of its planned 14 superchargers this year, the U.S. electric carmaker said Thursday. The first supercharger was built at the Grand Intercontinental Hotel in southern Seoul. The company’s luxury Model S 90D can run [...]

Seoul Subway Platform Screen Doors to Adopt Laser Sensors

SEOUL, May 25 (Korea Bizwire) – More than 120 subway stations are set to adopt laser sensors for their platform screen doors by the end of this year, as Seoul Metro accelerates its efforts to deliver on last year’s promise to make its platform screen door system safer. As of last month, the new laser [...]

South Koreans Are Reluctant Entrepreneurs

SEOUL, May 25 (Korea Bizwire) – South Koreans are among the least interested in pursuing new business ventures, as many still fear failure could result in the loss of their entire savings. Among 34 OECD member countries, South Korea ranked 33rd in business opportunity perception, ahead only of Japan, according to the report ‘Small, Medium, Strong: [...]

Undereducated Less Likely to Marry and Have Children in South Korea

SEOUL, May 25 (Korea Bizwire) — A new report says that South Koreans who are undereducated have a lower chance of getting married and having children, while facing higher divorce mortality risks. South Korea’s education gap is posing a threat to social security, particularly among undereducated individuals, according to a report published Tuesday by Statistics Korea [...]

Sales of Home Exercise Equipment Soar Amid Fine Dust Concerns

SEOUL, May 25 (Korea Bizwire) — Growing concerns over harmful fine dust particles in South Korea are seeing more people opt for exercise indoors. According to industry experts, sales of home exercise equipment have been going through the roof since last month, nearly on par with the yearly sales peak that has occurred during the winter [...]