SEJONG, Dec. 12 (Korea Bizwire) – The government will implement a pilot project this week to operate fuel cell hydrogen taxis for the first time in South Korea as part of its efforts to reduce gas emissions, the Environment Ministry said Monday. The ministry plans to hold a ceremony Tuesday to mark the launch of [...]
SEOUL, Dec. 12 (Korea Bizwire) – Bitcoin – once hailed as the world’s digital currency of the future – is gradually waning in popularity. According to the Financial Supervisory Service, the amount of bitcoin in circulation at three of Korea’s largest bitcoin exchanges was 1.49 million from January to October this year, a number that [...]
SEOUL, Dec. 12 (Korea Bizwire) – The Seoul Metropolitan Government will display 50 photos from the 2016 Hangang (Han River) Summer Festival from December 12 to 16 at the main lobby of the city hall, highlighting the best of the city’s iconic river during this year’s summer season. The Hangang Summer Festival took off in [...]
SEOUL, Dec. 12 (Korea Bizwire) – The Ministry of Environment announced Sunday that it plans to support 14,000 new EV purchases in 2017 to push up the number of eco-friendly vehicles on the road. The government subsidy for purchasing a new EV in 2017 was set at 14 million won ($11,936) per vehicle, which is [...]
SEOUL, Dec. 12 (Korea Bizwire) – The recent popularity of TV programs highlighting culinary arts and restaurants is driving more men to take cooking classes. According to local private cooking academies, an increasing number of men have been signing up for classes recently, with reasons ranging from acquiring cooking certificates to simply wanting to be [...]
SEOUL, Dec. 12 (Korea Bizwire) – A new advertisement by alcoholic beverage manufacturer Absolut Vodka depicting an image of a massive anti-government rally in South Korea has stoked controversy, industry sources said Monday. The global leading vodka brand, owned by French group Pernod Ricard, disclosed its new advertisement on its official Facebook on Saturday. The [...]
SEOUL, Dec. 12 (Korea Bizwire) – Stocks of Hyundai Merchant Marine Co. traded higher on the Seoul bourse Monday, rebounding from the previous session’s 6 percent drop, after it agreed to a “limited partnership” with the world’s largest shipping alliance. Hyundai Merchant changed hands at 7,060 won as of 10:30 a.m., up 2.17 percent from [...]
SEOUL, Dec. 12 (Korea Bizwire) – South Korean-made pharmaceutical products remain widely popular in “Jangmadang,” or North Korea’s unofficial provincial markets, even though the distribution of goods from the South is under strict control in the communist state, a U.S.-based broadcaster said Monday. A source in the North’s North Hamkyong Province told Radio Free Asia [...]
SEOUL, Dec. 12 (Korea Bizwire) – South Korean exports of its pop culture products have been on the wane in recent months, central bank data showed Monday, as major importer China seems to be toughening regulations due apparently to Seoul’s decision to deploy a U.S. missile defense system on the Korean Peninsula. According to the [...]
WASHINGTON/SEOUL, Dec. 11 (Korea Bizwire) – The United States has told South Korea that it is looking forward to cooperating with Seoul’s acting president in the wake of the recent parliamentary impeachment of President Park Geun-hye. The presidential office Cheong Wa Dae said Sunday that Avril Haines, White House deputy national security adviser, delivered the [...]