SEOUL, Jan. 3 (Korea Bizwire) – South Korea’s technology level and investment in the new energy industry lag behind leading nations while the gap in energy self-sufficiency is widening by region due to a lack of microgrids, a report said Wednesday. The report by Hyundai Research Institute gave South Korea 78.3 points out of 100 [...]
ULSAN, South Korea, Jan. 3 (Korea Bizwire) — Korean Air Lines Co. will fly its new CS300 aircraft on the Seoul-Ulsan route later this month, Ulsan city government said Wednesday. South Korea’s flagship carrier will fly two fuel-efficient 127-seat CS300s, manufactured by Canadian aircraft company Bombardier, on domestic routes linking Seoul to Ulsan, Pohang, Yeosu [...]
SEOUL, Jan. 3 (Korea Bizwire) — The Eighth Army of the United States said Wednesday its new commander Lt. Gen. Michael A. Bills will assume the post this week. Bills, the operations officer of the U.S. Forces Korea (USFK) and the allies’ Combined Forces Command, is replacing Lt. Gen. Thomas S. Vandal as the leader [...]
ULSAN, Jan. 3 (Korea Bizwire) – Plans are in the works for a 1km-long zipline over the Taewha River in Ulsan, as the city looks to take advantage of the publicity generated if a park on the river, Taewhagang Grand Park, is designated as South Korea’s second national garden. Ulsan mayor Kim Ki-hyun said in [...]
GYEONGJU, Jan. 3 (Korea Bizwire) — The Donggyeong breed of canines native to the Gyeongju region of South Korea have been under state protection since 2012, when the Culture Heritage Administration designated the dogs as Natural Monument no. 540. Taking their name from Gyeongju’s former name of Donggyeong, these animals were kept by ancestral Koreans [...]
SEOUL, Jan. 3 (Korea Bizwire) — LG Uplus, one third of South Korea’s wireless carrier industry, is becoming a flatter organization, at least on a conversational level, as job titles will be swapped out for names when employees call on one another. This linguistic injunction was revealed by vice-chairman Kwon Young-soo as part of the [...]
SEOUL, Jan. 3 (Korea Bizwire) – The opinions of civilians will play a direct role in deciding the greenhouse gas emissions policy of South Korea going forward, the Ministry of Environment revealed on January 1. Following the government’s decision last December to restructure the systems in place to deal with climate change, chief oversight of [...]
SEOUL, Jan. 2 (Korea Bizwire) — Bullying in the workplace, bullies online and too many hours spent on the job. These three are some of the social issues that South Koreans would desperately like to see addressed in 2018. Cases of “gapjil”, a Korean euphemism referring to the abuse of an individual’s or organization’s power [...]
SEOUL, Jan. 2 (Korea Bizwire) — Twice as many exclusive licenses for insurance products were handed out in 2017 compared to the year prior, a record breaking number. The surge in what are essentially insurance product patents was caused by two factors: the implementation of International Financial Reporting Standard 17 (IFRS17), and the government’s modification [...]
SEOUL, Jan. 2 (Korea Bizwire) — Kia Motors Corp. said Tuesday its vehicle sales fell 17.2 percent in December from a year earlier on weaker overseas demand. The country’s second-largest carmaker by sales sold 226,842 vehicles last month, down from 273,994 units a year earlier, Kia Motors said in a statement. “The poor monthly results [...]