SEOUL, Aug. 8 (Korea Bizwire) — When she was young, Jo Eun-bit loved to lose herself in the forests and mountains around her home in the outskirts of Seoul. She would seek comfort in the company of trees, which she would talk to as though they were neighbors or close friends. But over the years, [...]
SEOUL, Aug. 7 (Korea Bizwire) — Legions of South Korea’s most popular YouTubers — mukbang personalities — are facing criticism following allegations they “deceived” fans by not telling them about paid promotions. YouTubers who film mukbang, a portmanteau in Korean of “eating” and “broadcast,” have charmed fans with their impressive eating skills — gulfing down [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea said Tuesday it has proposed a drive-thru virus test scheme as an international standard, paving the way for the country to share its know-how in the anti-virus fight. The International Organization for Standardization (ISO) has voted in favor of proposing the country’s drive-thru COVID-19 checkup centers as [...]
SEOUL, Aug. 3 (Korea Bizwire) — “Jeonse” (long-term deposit rental system) versus “weolse” (monthly rent). That has emerged as the hottest topic in local political circles since new laws intended to protect tenants from landlords and excessive rent increases went into effect at the end of July. Jeonse refers to a unique Korean system in [...]
SEOUL, Aug. 2 (Korea Bizwire) — South Korea’s economy contracted 3.3 percent in the second quarter from a quarter earlier, but it fared well compared with other major economies, data showed Sunday. South Korea’s gross domestic product (GDP) growth rate was the second highest among the 14 countries that included the United States, China, Germany [...]
SEOUL, July 31 (Korea Bizwire) — Laws designed to protect tenants went into effect on Friday as the government seeks to enhance tenants’ rights in the face of rising home prices. On Thursday, the National Assembly passed two of three bills aimed at protecting tenants. The new legislation on housing leases will allow tenants to [...]
SEOUL, July 30 (Korea Bizwire) — An increasing number of cases where the coronavirus is being imported from overseas has prompted the government to apply stricter management of all incoming travelers subject to a two-week quarantine. Since April, all travelers coming from overseas have been required to self-quarantine for two weeks, regardless of nationality. Incoming [...]
SEOUL, July 28 (Korea Bizwire) — A recent survey has revealed that South Koreans have new-found respect for the state health insurance program following the coronavirus outbreak. The National Health Insurance Service (NHIS) conducted a survey of 2,000 South Korean adults, 87 percent of whom showed a willingness to pay insurance premiums to enjoy the [...]
SEOUL, July 28 (Korea Bizwire) — Hanwha Energy Corp., an energy solutions affiliate of Hanwha Group, said Tuesday it has completed the construction of a hydrogen fuel cell power plant, the first of its kind and the largest in the world to be powered solely by hydrogen that is extracted as a byproduct from petrochemical [...]
SEOUL, July 26 (Korea Bizwire) — The South Korean government on Sunday decided to push to revise the law to require foreign coronavirus patients to cover the costs of their treatment amid a spike in the number of new infections among foreigners arriving from abroad. The decision was reached at a pan-governmental COVID-19 meeting of [...]