SEOUL/WASHINGTON, Jan. 4 (Korea Bizwire) — South Korean tech giants on Wednesday (U.S. time) expressed concerns over Washington’s plan to impose stronger tariffs on washers, claiming the move will have adverse impacts on their hiring of U.S. workers. The remarks came during a hearing hosted by the U.S. International Trade Commission. Following a safeguard petition [...]
SEOUL, Jan. 4 (Korea Bizwire) – South Korean airlines will focus on increasing profits and making aggressive investments in fleets this year to better absorb rising travel and cargo demand, industry sources said Thursday. Full-service carriers such as Korean Air Lines Co. and Asiana Airlines Inc. have drawn up their business plans focusing on profitability. [...]
SEOUL, Jan. 4 (Korea Bizwire) — North Korea may send a team of two skiers to the PyeongChang Winter Paralympic Games next month if it decides to participate in the multi-winter sport event in South Korea, an official of a U.S. civic group which supports North Korean athletes said Thursday. Shin Young-soon, head of the [...]
SEOUL, Jan. 4 (Korea Bizwire) — The number of South Korean men with condyloma, a type of genital wart caused by a sexual disease, has grown by an average 8.3 percent annually in recent years, data showed Thursday. Condyloma refers to an epidermal manifestation attributed to the epidermotropic human papillomavirus (HPV). HPV infections usually clear [...]
DAEJEON, Jan 4 (Korea Bizwire) — The National Research Foundation of Korea announced on January 3 that a research team at Yonsei University had, through a manufacturing process making use of lower temperatures than normally required, successfully produced a hybrid solar cell of organic material and silicon. Crystalline silicon solar cells are the most commonly [...]
SEOUL, Jan. 4 (Korea Bizwire) — Despite the agreement between the Chinese and South Korean governments made last October to resume normal ties, it appears domestic electric car battery manufacturers are still feeling the brunt of China’s ill feeling, as the Chinese government once again excluded EVs equipped with South Korean batteries from its list [...]
SEOUL, Jan. 3 (Korea Bizwire) – The government has set lofty goals for the South Korean seed industry in its latest five-year plan. The Ministry of Agriculture, Food and Rural Affairs (MAFRA) revealed on January 3 that it had completed an industry blueprint for 2018 through 2022. The Seed Industry Act was first passed into [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s first Internet-only bank, K-Bank, hopes to raise 500 billion won (US$469.7 million) in a new share sale during the first quarter of this year, the bank’s chief executive said Wednesday. However, Shim Seong-hoon, CEO of K-Bank, said he did not set the target in the planned stock [...]
SEOUL, Jan. 3 (Korea Bizwire) –The two Koreas held their first contact via a cross-border communication channel in nearly two years on Wednesday as the North reopened the suspended hotline one day after Seoul offered high-level talks. North Korea announced earlier in the day that its leader, Kim Jong-un, ordered the reopening of the channel [...]
SEOUL, Jan. 3 (Korea Bizwire) – Aside from “business”, “value”, “customer” and “innovation” were the keywords most commonly uttered by the leaders of South Korea’s top 10 conglomerates in their New Year’s addresses. Data provided by leadership assessment service CEOscore revealed that after “business”, which was uttered a leading 32 times, value, customer and innovation [...]