SEOUL, May 26 (Korea Bizwire) — South Korea’s Ministry of Employment and Labor revealed on Sunday that the highest starting monthly salary among holders of national technical licenses in 2025 was earned by certified concrete engineers, who reported a median entry-level wage of 4.2 million won ($3,100). The findings, based on a big data analysis jointly [...]
SEOUL, May 25, 2025 — POSCO Group announced Sunday that it will begin full operation of its first dedicated liquefied natural gas (LNG) carrier in the second half of 2025, as part of its strategy to secure a stable energy transport system and expand its presence in the global energy market. The 174,000-cubic-meter vessel, named [...]
Korean Delivery Workers Secure Voting Day Off Ahead of 2025 Presidential Election After Industry-Wide Pressure SEOUL, May 24 (Korea Bizwire) — As South Korea prepares for its 21st presidential election on June 3, a heated debate over delivery workers’ right to vote has drawn national attention — and ultimately, a resolution. Following mounting public pressure and [...]
SEOUL, May 23 (Korea Bizwire) — South Korean stocks finished almost flat Friday amid a lack of investment catalysts following mixed overnight results on Wall Street. The local currency gained against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) fell 1.58 points, or 0.06 percent, to close at 2,592.09. Trade volume was [...]
LEIPZIG, Germany, May 23 (Korea Bizwire) — Intensifying trade uncertainties, including tariff wars, have a great impact on the global transport industry, which has no choice but to “adapt” to the changed situation, the chief of the inter-organizational transport body said Friday. “(The global trade war) has an impact on what kind of goods we [...]
SEOUL, May 23 (Korea Bizwire) — Kia Corp. said Friday its EV3 compact electric sport utility vehicle (SUV) has received the highest rating in the European New Car Assessment Programme (Euro NCAP), a key safety benchmark for vehicles sold in Europe. The EV3 was recognized for its cabin integrity during crash scenarios and for its [...]
SEOUL, May 23 (Korea Bizwire) — Cybersecurity is becoming an increasingly important factor car manufacturers have to consider with the global automotive industry’s move toward more “connected” and “software-defined” vehicles, an executive at a South Korean automotive cybersecurity solutions provider said Thursday. “The era of software-defined vehicles is coming … which means there is much [...]
SEOUL, May 23 (Korea Bizwire) — Major coffee chains and instant coffee producers in South Korea are raising prices amid an increase in raw material costs, according to industry data Friday. Angel-in-us Coffee, operated by Lotte GRS Co., said it will increase beverage prices by 200 to 300 won (US$0.15-0.22) Thursday. CJ Foodville Corp.’s bakery [...]
SEOUL, May 23 (Korea Bizwire) — South Koreans’ overseas card spending fell by the largest margin in three years in the first quarter from three months earlier due mainly to a decline in overseas direct purchases, data showed Friday. The amount of money spent overseas by South Koreans with credit and debit cards came to [...]
SEOUL, May 22 (Korea Bizwire) – A new government study has found that cheonggukjang, Korea’s traditional fermented soybean paste, contains the highest proportion of bioavailable isoflavones among processed soybean foods, highlighting its superior health benefits. According to research released Thursday by the Gyeonggi Institute of Health and Environment, cheonggukjang leads in the proportion of non-glycosylated (aglycone) [...]