SEJONG, Dec. 6 (Korea Bizwire) – South Korea unveiled a set of measures on Tuesday to promote renewable energy usage and expand research and development in order to meet the long-term target of reducing greenhouse gas emissions by 37 percent. The plan, approved by the Cabinet chaired by Prime Minister Hwang Kyo-ahn, is aimed at [...]
SEOUL, Dec. 6 (Korea Bizwire) – Two major drug firms are competing to become the first South Korean maker of a new homegrown medication with annual sales of more than 50 billion won, a landmark for the local industry, sources said Tuesday. Industry experts define as a blockbuster drug an extremely popular medicine that generates [...]
SEOUL, Dec. 6 (Korea Bizwire) – The number of foreigners who visited South Korea this year surpassed 16 million in early December thanks to the rising influx of travelers from Asian nations, the state-run tourism agency said Tuesday. A total of 15.9 million foreigners visited the nation in the January-November period, up 31.3 percent from [...]
SEOUL, Dec. 6 (Korea Bizwire) – South Korean households’ overseas spending rose 16.8 percent in the third quarter from a year earlier on increased outbound travel to foreign countries, the central bank said Tuesday. South Korean households spent 8.21 trillion won (US$7 billion) overseas in the July-September period, compared with 7.03 trillion won in the [...]
SEOUL, Dec. 6 (Korea Bizwire) – North Korea and Cuba reaffirmed their friendly ties as a senior North Korean official visited Havana to attend Fidel Castro’s memorial service, Pyongyang’s media said Tuesday. Choe Ryong-hae, a vice chairman of the ruling party’s central committee, met with Cuba’s leader Raul Castro on Saturday during his visit to [...]
DAEJEON, Dec. 5 (Korea Bizwire) – Computer programming has become an essential aspect of modern society, in which we are increasingly surrounded by infrastructure and products brought to life through code and computer languages like Java or C. In line with these tech innovations, the number of patents related to computer programming education has increased [...]
SEOUL, Dec. 5 (Korea Bizwire) – Lotte Corporation announced Monday the winners of its second Lotte World Tower-themed photography contest. The building is a 123-story, 555-meter high skyscraper that is currently the tallest building in the country, and the fifth tallest in the world. First prize went to Kim Seung-rae for his Lotte World Tower [...]
SEOUL, Dec. 5 (Korea Bizwire) – Korean coffeehouse franchise Hollys Coffee announced Monday that it is launching “K-cup” coffee capsules for Keurig coffeemakers in two flavors – Colombian Supremo and Espresso Rainforest Blend. Keurig entered the Korean market in July, and although Hollys Coffee has collaborated with other franchises to make Keurig-specific coffee capsules, this [...]
SEOUL, Dec. 5 (Korea Bizwire) – A bit of good news for old diesel car owners. Starting Monday, the government is offering an exemption of up to 1.43 million won ($1,217) in new vehicle purchasing taxes for those who junk diesel cars that are over 10 years old, a revision to the Restriction of Special [...]
SEOUL, Dec. 5 (Korea Bizwire) – The Chevrolet Malibu and SM6 midsize sedans have been named safest cars of the year in an annual government safety assessment of new cars launched in South Korea, the transportation ministry said Monday. Both the Chevrolet Malibu and the SM6 received the highest points of 92.1 in the government [...]