SEOUL, May 25 (Korea Bizwire) – Environment-friendly energy policies pledged by the Moon Jae-in administration are raising concerns among local builders, which fear power plant construction projects may take a hit, industry officials said Thursday. The chief executive said during his campaign that he will stop all new construction of coal-fired power plants and review [...]
SEOUL, May 25 (Korea Bizwire) – The presidential office Cheong Wa Dae installed a new electric bulletin board Wednesday, offering a quick summary of current conditions in the country’s employment market, while also highlighting the emphasis the new president and his government place on creating jobs. The new bulletin board was placed at one of [...]
SEOUL, May 25 (Korea Bizwire) – A popular variety show featuring grandfathers traveling overseas has been sold to Italy and Turkey, a local cable channel said Wednesday. The network tvN said it has sealed a deal to export the format of “Grandpas over Flowers” to Italy and Turkey. In 2014, the same program was sold [...]
DAEJEON, May 24 (Korea Bizwire) – The number of patents for rollable displays has rapidly increased in recent years, from 2 in 2013 to 32 in 2016, said the Korean Intellectual Property Office (KIPO) on Tuesday. According to officials, Samsung Display has filed the most patents over the past decade, accounting for 53 percent (40 [...]
BUSAN, May 24 (Korea Bizwire) – The Port of Busan, South Korea’s largest port, was marginally outstripped last year by the Port of Hong Kong, conceding the title of the fifth-busiest container port in the world, namely on account of the Hanjin Shipping crisis. The South Korean port ranked sixth globally in 2016, processing 19.43 [...]
SEOUL, May 24 (Korea Bizwire) – The Korean Intern Resident Association expressed deep concerns Tuesday over a dress and appearance manual for doctors that is currently being developed at the Catholic University of Korea Seoul St. Mary’s Hospital. According to the KIRA, articles in the manual specific to female doctors include wearing “vibrant makeup” because [...]
SEOUL, May 24 (Korea Bizwire) – The Ministry of Oceans and Fisheries announced Tuesday that a research team from Pohang University of Science and Technology has developed a medical glue using adhesive protein from mussels combined with autotherapeutic substances from the human body. According to the research team led by professor Cha Hyung-joon, mussels produce [...]
SEOUL, May 24 (Korea Bizwire) – South Koreans drank a total of 377 cups of coffee per person on average last year, mirroring brisk growth of the sprawling market fueled by a flurry of various franchises, a government report showed Wednesday. The average coffee consumption, based on South Koreans aged over 20, has grown at [...]
SEOUL, May 24 (Korea Bizwire) – Dozens of South Koreans on Wednesday sued the governments of Seoul and Beijing, seeking compensation over mental distress they suffered due to fine dust, the plaintiffs said. Ten plaintiffs, including Choi Yul, president of the Korea Green Foundation, and attorney Ahn Kyung-jae, filed the case with the Seoul Central [...]
SEOUL, May 24 (Korea Bizwire) – Global investment banks (IBs) have upgraded their investment ratings on South Korean stocks and hiked targets of its benchmark stock index on expectations for higher corporate earnings and other positives, a report showed Wednesday. Among seven major foreign IBs, UBS, Nomura, Citi, Credit Suisse and Bank of America Merill [...]