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Local Authorities Mobilize Cooling Resources as Nation Grapples with Extended Heat Wave

Local Authorities Mobilize Cooling Resources as Nation Grapples with Extended Heat Wave

SEOUL, July 20 (Korea Bizwire) — Public shade canopies, water spraying trucks and ice-cold water bottles are being mobilized and supplied plentifully across South Korea this week, as an extended nationwide heat wave compounds woes of local governments already burdened with having to deal with the fourth wave of COVID-19. The country remains gripped by [...]

Young S. Koreans Archive Old Apartments amid Nationwide Craze for New Residences

Young S. Koreans Archive Old Apartments amid Nationwide Craze for New Residences

SEOUL, July 16 (Korea Bizwire) – Every weekend, mechanical engineer Choi Jong-eon packs his Sony camera and heads out to take photos of decades-old apartments in Seoul. Choi, 31, is among a growing number of South Koreans looking at the old, often neglected apartments with new perspectives — as a subject worth attention and documentation. [...]

Next Year’s Minimum Wage Set at 9,160 Won in 5.1 pct On-year Increase

Next Year’s Minimum Wage Set at 9,160 Won in 5.1 pct On-year Increase

SEOUL, July 13 (Korea Bizwire) — A national commission on Monday set next year’s minimum hourly wage at 9,160 won (US$7.98) in a 5.1 percent on-year increase. The Minimum Wage Commission, which is composed of nine members each from labor, business and the general public, struck the agreement around midnight during a plenary session held [...]

S. Korea in Search of Solutions for Looming Ultra-low Childbirth, Aging Population

S. Korea in Search of Solutions for Looming Ultra-low Childbirth, Aging Population

SEOUL, July 11 (Korea Bizwire) — The inclination against having babies and raising a family, particularly stronger among South Koreans, has turned out to be a trend that apparently not even money can solve. South Korea’s total fertility rate hit a record low of 0.92 in 2019, way below the 1.63 average of members of [...]

S. Korea Seeks to Supercharge Electric Future with Next-level Batteries

S. Korea Seeks to Supercharge Electric Future with Next-level Batteries

SEOUL, July 8 (Korea Bizwire) — To get faster to an electric future, automakers need lighter, faster-charging batteries, and South Korea wants to take a leading role in the global battery race amid a major technological shift in the automotive industry. South Korea, China and Japan produce most of the world’s EV batteries, but auto [...]

S. Korea to Expand Tax Incentives, R&D Spending on Battery Sector amid EV Race

S. Korea to Expand Tax Incentives, R&D Spending on Battery Sector amid EV Race

SEJONG, July 8 (Korea Bizwire) – South Korea said Thursday it will increase investment to develop the next-generation battery technology, expand its manufacturing base and secure supply chains as it seeks to foster the rechargeable battery industry as the next growth driver. The Ministry of Trade, Industry and Energy unveiled the so-called K-battery blueprint to [...]

Majority of Consumers Unaware Wet Tissues Made of Plastic

Majority of Consumers Unaware Wet Tissues Made of Plastic

SEOUL, July 7 (Korea Bizwire) — A recent study revealed that a majority of consumers who use disposable wet tissues for cleaning and sanitization purposes are not aware that wet tissues are made of plastic. Consumers Korea, a consumer advocacy group here, conducted a survey of 636 consumers over 20 years of age to determine [...]