SEOUL, Mar. 21 (Korea Bizwire) – The main opposition Democratic Party of South Korea unveiled an ambitious plan on March 20 to increase the country’s reliance on renewable energy sources to 40% by 2035, a significant stride toward achieving the “100% Renewable Energy” (RE100) goal. The party’s policy committee announced the “Renewable Energy 3540″ electoral pledge, [...]
SEOUL, Mar. 21 (Korea Bizwire) – In a pioneering move towards sustainable cosmetics packaging, LG Chem, a leading South Korean chemical company, is set to unveil an innovative eco-friendly plastic material derived from captured carbon dioxide at the world’s largest beauty trade fair, Cosmoprof Bologna 2024, which kicks off on March 21 in Bologna, Italy. The [...]
SEOUL, Mar. 20 (Korea Bizwire) – As South Korean universities prepare to broaden “undecided major” admission tracks for the 2025 academic year, a new survey found over 60% of current high school seniors view the policy expansion favorably. The poll released on March 19 by Jongro Academy showed 64.5% of 1,104 students surveyed agreed with increasing [...]
SEOUL, Mar. 19 (Korea Bizwire) – As stubbornly high inflation persists, South Korean households are tightening their purse strings even on private education expenses, long considered the last bastion of family budgets, according to data released on March 18. BC Card, a major credit card company, reported a staggering 24 percent year-over-year plunge in education-related spending [...]
JEJU, Mar. 19 (Korea Bizwire) – In an uplifting tale that has captured hearts across the nation, 18 mixed-breed dogs who once roamed the streets of Jeju Island have successfully “debuted” into loving families over the past two and a half years, courtesy of an ingenious adoption campaign. The project, spearheaded by a group called “Tangerine [...]
SEOUL, Mar. 18 (Korea Bizwire) – A recent study has shed light on the varying perceptions of occupational prestige across different countries, with lawmakers being held in high regard in Korea, China, and Japan, while firefighters are esteemed in the U.S. and Germany. The research, conducted by the Korea Research Institute for Vocational Education and Training [...]
SEOUL, Mar. 18 (Korea Bizwire) – South Korea is set to significantly expand a program that allows residents to safely dispose of expired or unwanted medication simply by dropping it into a mailbox, reducing environmental hazards from improper disposal. According to the Ministry of Environment, as many as 43 municipal governments across the country could adopt [...]
SEOUL, Mar. 17 (Korea Bizwire) – Following a streak of losses, Samsung Electronics’ semiconductor division is on the brink of a financial turnaround, with projections indicating a shift to profitability in the first quarter of this year. This anticipated recovery follows SK Hynix’s successful return to profit, signaling an end to the prolonged semiconductor industry [...]
SEOUL, Mar. 17 (Korea Bizwire) – A fresh analysis reveals that wages in South Korea now surpass those in Japan across both major corporations and smaller enterprises, marking a significant shift over the past two decades. The Korea Enterprises Federation (KEF) unveiled a comprehensive report titled “International Comparison and Implications of Korea-Japan Wage Trends” on Sunday, [...]
SEOUL, Mar. 17 (Korea Bizwire) – The surge in direct purchases from China via e-commerce channels witnessed a substantial spike of 70% last year, according to data released by the Korea Customs Service on March 17. Concurrently, the volume of consumer complaints has tripled, reflecting the growing challenges posed by this burgeoning trend. The figures [...]