SEOUL, April 25 (Korea Bizwire) – Most middle-class young South Koreans are saving in an effort to work up the property ladder, while young Chinese people are saving with the hope of opening a new business, a recent study revealed. According to the report released yesterday by Standard Charted Group on middle-class income earners in Asia [...]
SEOUL, April 25 (Korea Bizwire) – U.S. electric carmaker Tesla Motors Inc. said on Tuesday it will set up 14 rapid-charging stations in South Korea this year. In its webpage, the 14 supercharger sites include five in Seoul, one in Bundang, just south of the capital city, and seven in major cities such as Busan, Daegu, [...]
SEOUL, April 25 (Korea Bizwire) – The South Korean government is making it mandatory for large vehicles to be equipped with a lane departure warning system (LDWS) as part of a nationwide effort to improve road safety, a regulation that will take effect in July. The Ministry of Land, Infrastructure, and Transport (MOLIT) announced plans [...]
SEOUL, April 25 (Korea Bizwire) – Nearly one in three people who participate in the government-backed anti-smoking initiative continue on for an average of nine months smoke-free, according to a recent report from the National Health Insurance Service (NHIS). The report published yesterday revealed that of 1,000 respondents who participated in the anti-smoking initiative in 2015, [...]
CHUNGJU, South Korea, April 25 (Korea Bizwire) – Two people were injured after a cargo truck carrying paint for road lane marking overturned on the Jungbu Inland Expressway in central South Korea on Tuesday, police said. The 5-ton truck was involved in the accident on the southbound side of the expressway in the city of [...]
SEJONG, April 25 (Korea Bizwire) – A large number of female workers in South Korea served at restaurant and cafeteria businesses in the second half of last year amid a protracted economic slump, a report said Tuesday. A total of 1.35 million women were hired by various eateries in the last six months of last [...]
SEOUL, April 25 (Korea Bizwire) – Daegu Metropolitan City has generated more than 200 billion won from selling its carbon credits since 2010. Since the Kyoto Protocol was signed in 2005, companies have been required to buy or sell permits to gain the right to legally emit carbon dioxide, and the southeastern city in South Korea [...]
CHUNGCHEONG, Apr. 25 (Korea Bizwire) — Farm parties, which allow people living in the city to enjoy the experience of farm life and come in contact with nature, are proving popular as an increasing number of farmers eye the idea of transforming their property into a cultural event venue. As self-explanatory as it sounds, the newly [...]
SEOUL, April 25 (Korea Bizwire) – The number of U.S. import restrictions so far this year has already surpassed half of last year’s total, a local trade body said Monday, including one against South Korean products. According to the Korea International Trade Association (KITA), the U.S. has launched an investigation into 24 separate cases on suspicions of anti-dumping and countervailing duties in the January-April period. This [...]
SEOUL, April 25 (Korea Bizwire) – South Korea announced Monday it has developed an advanced artillery-locating radar to help counter North Korea’s rocket threats more effectively. The mobile radar system, called “counter-artillery detection radar-II,” will be operational starting in 2018, according to the country’s arms procurement agency. “In recent tests it met all of the required operational capabilities of the military. It has [...]