SEOUL, Feb. 6 (Korea Bizwire) – The government said Thursday it will deploy thermal imaging cameras and bird detection radar systems at all domestic airports to prevent airplane bird strikes following last month’s deadly Jeju Air Co. crash. The Ministry of Land, Infrastructure and Transport reported a comprehensive aviation safety improvement plan to a National Assembly [...]
SEOUL, Feb. 6 (Korea Bizwire) – Second Vice Foreign Minister Kang In-sun has discussed ways to deepen cooperation in the critical minerals sector in talks with senior government officials of Tanzania, South Africa and Zimbabwe, Seoul’s foreign ministry said Thursday. The talks took place Wednesday (local time) on the margins of a key mining event [...]
SEOUL, Feb. 6 (Korea Bizwire) — South Korea is set to enter a new era of capital market competition as Nextrade, the country’s first alternative trading system (ATS), begins operations on April 4. The Financial Services Commission announced at its second regular meeting on February 5 that it would grant final approval for Nextrade’s multilateral trading [...]
SEOUL, Feb. 6 (Korea Bizwire) – South Korea logged a current account surplus for the eighth straight month in December, backed by strong exports and an increased trade surplus, central bank data showed Thursday. The country’s current account surplus reached US$12.37 billion in December, following the surplus of $10.05 billion a month earlier, according to [...]
SEOUL, Feb. 6 (Korea Bizwire) — Scientists have discovered that seaweed extracts may help suppress and alleviate inflammation caused by fine dust particles, according to an announcement from Wando County, South Jeolla Province, on February 5. The research, conducted jointly by the Marine Bio Research Center, Jeonbuk National University, and Sunchon National University, focused on identifying [...]
SEOUL, Feb. 6 (Korea Bizwire) — A new study has demonstrated the safety and effectiveness of robot-assisted gait training for patients recovering from spinal surgery, with participants showing an average 39% improvement in their ability to perform daily activities, researchers from Gangnam Severance Hospital announced on February 5. The research team, led by Park Jung-hyun of [...]
SEOUL, Feb. 6 (Korea Bizwire) — Korean scientists have identified a molecular switch that could potentially transform cancer cells back into normal cells by capturing the critical transition moment when healthy cells become cancerous, the Korea Advanced Institute of Science and Technology (KAIST) announced on February 5. The research team, led by Cho Kwang-hyun from the [...]
SEOUL, Feb. 5 (Korea Bizwire) — Automakers in South Korea, both domestic and foreign, are slashing electric vehicle (EV) prices this month in response to slowing demand and the entry of Chinese manufacturers into the market. Industry analysts suggest that established players, including Hyundai and Kia, are defending their market share against price-competitive models from China’s [...]
SANTA MONICA, Calif., Feb. 5 (Korea Bizwire) — Kia is making a bold push into the U.S. compact sedan market with its newly launched K4, a model assembled in Mexico and designed specifically for North American consumers. At a media event on February 4, the automaker introduced the vehicle to Asian press outlets, outlining its marketing strategy [...]
LOS ANGELES, Feb. 5 (Korea Bizwire) — Hyundai and Kia, along with other global automakers, have launched operations for their joint electric vehicle (EV) charging venture, Ionna, marking a significant expansion of EV infrastructure across the United States. Hyundai announced on February 4 that Ionna, established last year to develop a robust North American charging network, [...]