SEOUL, Jan 11 (Korea Bizwire) – Thousands of subcontractor workers at Daewoo Shipbuilding & Marine Engineering Co., a major shipyard in South Korea, are on the brink of losing their jobs as the shipbuilder has failed to clinch new deals for offshore facilities, industry sources said Wednesday. According to the sources, Daewoo Shipbuilding has 11 [...]
SEOUL, Jan. 10 (Korea Bizwire) – Regardless of time and place, food delivery never disappoints in South Korea. Delivery has become more accessible than ever with the introduction of food delivery apps, which brought together thousands of restaurants across the country into a single location-based platform. The market for food delivery apps has grown significantly [...]
SEOUL, Jan. 10 (Korea Bizwire) – A recent study from mental health science researchers at Ilsan Paik Hospital (Inje University) revealed that people who are more sensitive to sound can be more vulnerable to mental instability like depression or rage. In the study, 157 healthy adults were exposed to sounds of different loudness, and were [...]
SEJONG, Jan. 10 (Korea Bizwire) – Sejong, South Korea’s de facto administrative capital, will become the world’s first city dedicated to self-driving vehicles. Lee Choong-jae, administrator for the National Agency for Administrative City Construction, announced Tuesday an ambitious plan to make all 360 kilometers of roads in the city self-driving-compatible by the year 2020, in [...]
SEOUL, Jan. 10 (Korea Bizwire) – An advisor to former U.N. Secretary-General Ban Ki-moon, a potential presidential contender, on Tuesday offered a glimpse into his economic policy that aims to upgrade South Korea’s capitalism model blamed for economic polarization. Speaking to Yonhap News Agency, Kwak Seung-jun, an economics professor at Korea University, put forward three [...]
SEOUL, Jan. 10 (Korea Bizwire) – Many top executives of South Korea’s largest businesses are expected to skip the annual economic forum in Davos, Switzerland, this year due to a corruption scandal that has led to the impeachment of South Korean President Park Geun-hye, market observers said Tuesday. Lee Jae-yong, vice chairman of Samsung Electronics [...]
NONSAN, South Korea, Jan. 10 (Korea Bizwire) – Two strawberry farms in Nonsan, South Chungcheong Province, have been harvesting giant strawberries dubbed “King’s Berries”. The farmers started cultivating the fruit in September after completing a pilot project in 2015. The large berries weigh about 30 grams each, and are twice as large as typical strawberries, [...]
PYEONGCHANG, South Korea, Jan. 10 (Korea Bizwire) – Is it a good omen for 2017? Odaesan National Park representatives reported Monday that an albino bat was found during the first park inspection of the year. According to officials, the animal is a mutated version of a greater horseshoe bat (rhinolophus ferrumequinum), a common breed found [...]
SEOUL, Jan. 10 (Korea Bizwire) – Rogue One: A Star Wars Story, another Star Wars franchise film, has, like its predecessors, failed to impress at the South Korean box office. According to Korean Film Council data, Rogue One was ranked eighth on the local movie charts last weekend, and as of Monday, the film has [...]
POHANG, South Korea, Jan. 10 (Korea Bizwire) – POSCO’s Pohang 1-Goro, or Pohang Blast Furnace No.1, began operations in June 1973. It is symbolic of the history of Korea’s steel production, which became the nation’s key industrial asset, and the unparalleled economic development over the past half-decade. It is currently the longest-operating blast furnace in [...]