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S. Korea’s Population Growth Rate Drops Below 0.1 pct, Median Age Tops 42

S. Korea’s Population Growth Rate Drops Below 0.1 pct, Median Age Tops 42

SEOUL, Jan. 14 (Korea Bizwire) — South Korea’s population growth rate fell below 0.1 percent for the first time last year, with its median age topping 42, government statistics showed Monday. The nation’s resident population was 51,826,059 as of the end of 2018, marking an increase of 0.09 percent, or 47,515 people, from the previous [...]

New Online Shopping Mall to Donate Up to 40 pct of Each Sale to Social Projects

New Online Shopping Mall to Donate Up to 40 pct of Each Sale to Social Projects

SEOUL, Jan. 11 (Korea Bizwire) — A new online shopping mall has been opened to connect ‘good consumers’ and ‘good suppliers’ and make social contributions. The Korea National Council on Social Welfare announced on Thursday that it will begin operation of a new Value Creator Platform (VCP) that combines merchandise with social projects. VCP is [...]

Verifying Conscientious Objection with Gaming Records

Verifying Conscientious Objection with Gaming Records

SEOUL, Jan. 11 (Korea Bizwire) — According to legal circle insiders, the Supreme Prosecutors’ Office issued 10 guidelines to prosecutor’s offices nationwide on December 3 of last year to determine whether the claims of conscientious objectors are true. Conscientious objectors are individuals who refuse to serve in the military for religious reasons. Thus, the objectors [...]

Hydrogen Fuel Cell Vehicles Gaining Steam as Zero-emission Mobility Option in S. Korea

Hydrogen Fuel Cell Vehicles Gaining Steam as Zero-emission Mobility Option in S. Korea

SEOUL, Jan. 11 (Korea Bizwire) — In theory, hydrogen seems like the perfect energy source to power a vehicle, in that it is the most prevalent element in nature, it can be turned into electricity and emits only water. It has been several decades since the zero-emission cars entered the public consciousness as a possible [...]

No Silver Spoon, No Social Mobility

No Silver Spoon, No Social Mobility

SEOUL, Jan. 10 (Korea Bizwire) — A recently released report from the Korea Institute for Health and Social Affairs indicates that the number of young adults hoping for higher social status has sharply decreased. Young adults no longer believe moving up the social hierarchical ladder is possible without inheriting wealth from their parents. Not so [...]

S. Korea to Build Stronger Institutional Framework to Sustain Sharing Economy

S. Korea to Build Stronger Institutional Framework to Sustain Sharing Economy

SEOUL, Jan. 10 (Korea Bizwire) – The South Korean government held a conference on Wednesday to discuss various issues involving shared economy of space, finance, and knowledge. The government decided to come up with measures to stimulate the sharing economy of space to reduce unnecessary costs. For instance, sharing a parking space reserved for a [...]

S. Korean Moviegoers Captivated by Singalong Screenings of ‘Bohemian Rhapsody’

S. Korean Moviegoers Captivated by Singalong Screenings of ‘Bohemian Rhapsody’

SEOUL, Jan. 8 (Korea Bizwire) — As the theater turned pitch black, nearly 200 moviegoers were waiting for the screening to start, with some holding glow-in-the-dark sticks and tambourines. They were also ready to do something unusual: sing along. As “Somebody to Love,” a hit song by the legendary British rock band Queen, blared out, [...]

Hyundai Motor Develops ‘Silent Taxi’, a Dream Car for the Hearing-Impaired

Hyundai Motor Develops ‘Silent Taxi’, a Dream Car for the Hearing-Impaired

SEOUL, Jan. 7 (Korea Bizwire) — Hyundai Motor Group’s ‘Silent Taxi’ project has been successfully completed, and will allow hearing-impaired individuals to drive safely by providing sound information with visual and sensory cues. The so-called ‘Silent Taxi’ was introduced on January 7, and is based on Audio-Tactile Conversion (ACT) technology. The ‘Silent Taxi’ features sensory [...]

S. Korea-Japan Military Radar Row Reflects Deep Distrust

S. Korea-Japan Military Radar Row Reflects Deep Distrust

SEOUL, Jan. 4 (Korea Bizwire) — An escalating spat between South Korea and Japan over a recent military radar “lock-on” incident has laid bare their deep-rooted distrust, adding to anxiety here about Prime Minister Shinzo Abe’s defense policy and further complicating Washington’s push for stronger trilateral security cooperation. The latest row is shaping up to [...]