SEOUL, Nov. 14 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Tuesday it has clinched a 698.1 billion-won (US$530 million) order to build two liquefied natural gas (LNG) carriers for an African shipper. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s agricultural ministry said Tuesday it has won approval from Hong Kong to ship locally bred beef from all regions starting this week, despite a recent outbreak of lumpy skin disease (LSD). Following the country’s first-ever outbreak of LSD in late October, South Korea has been under a [...]
SEJONG, Nov. 14 (Korea Bizwire) – As ocean temperatures rise due to global warming, the fishing landscape on the Korean Peninsula is undergoing significant shifts. The traditional abundance of squid along the east coast has dwindled, making way for a rise in yellowtail from the southern island of Jeju in the East Sea. Additionally, tuna, previously [...]
SEOUL, Nov. 13 (Korea Bizwire) — South Korean chipmaker SK hynix Inc. said Monday it has started supplying its latest mobile DRAM chip to Chinese smartphone maker Vivo. The 16-gigabyte packages of Low Power Double Data Rate 5 Turbo (LPDDR5T), developed in January, will be installed in Vivo’s latest smartphone models, X100 and X100 Pro, [...]
SEOUL, Nov. 13 (Korea Bizwire) – In the past three months, the competition for second place within the streaming video service industry has been fervent. There’s a noticeable trend where user preferences are heavily influenced by the original content released at any given time, creating what seems like a content battle. Based on recent Nielsen data, [...]
WANDO, Nov. 13 (Korea Bizwire) – Seaweed farming along South Korea’s southern coast has drawn attention from the National Aeronautics and Space Administration (NASA) as a promising model for planetary conservation, experiencing a notable surge in exports. Approximately two years ago, NASA unveiled satellite images capturing the seaweed farms in Wando, South Jeolla Province, South Korea, [...]
SEOUL, Nov. 13 (Korea Bizwire) – During periods of inflated prices, a phenomenon known as “shrinkflation” emerges, wherein companies opt to decrease the quantity of their products instead of increasing the price. This term, a fusion of “shrink,” implying a reduction in quantity, and “inflation,” signifying a rise in prices, reflects this strategy. When confronted with [...]
SEJONG, Nov. 9 (Korea Bizwire) — Tripitaka Koreana, the most complete collection of Buddhist scriptures carved on around 80,000 wooden printing blocks made in the 13th century, has been preserved at a depository named Janggyeong Panjeon at Haein Temple in the southeastern county of Hapcheon in South Korea. The storage hall, solely designed and built [...]
SEOUL, Nov. 9 (Korea Bizwire) — Hitejinro Co., South Korea’s leading beverage company, has raised its soju and beer product prices by about 7 percent to reflect higher raw material and manufacturing costs. Hitejinro raised Chamisul soju prices by 6.95 percent and Hite, Terra and Kelly beer prices by 6.8 percent Thursday due to sharply [...]
SEOUL, Nov. 9 (Korea Bizwire) – On Wednesday, HD Hyundai Infracore announced the release of South Korea’s first 130-ton excavator designed for demolition, bearing the model name DX1000LC-7 Demolition. The company also recently delivered the inaugural unit. Compared to existing models, the DX1000LC-7 Demolition has seen its working range grow by 10 meters, enabling work at [...]