SEOUL, Oct. 16 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Monday it will build two mid-sized, ammonia-powered ships for the first time in the world. HD Korea Shipbuilding said it will install an ammonia dual-fuel engine in the 45,000-cubic meter liquefied petroleum gas (LPG) carriers, whose order it [...]
SEOUL, Oct. 16 (Korea Bizwire) – The repercussions of the economic downturn have reverberated in the imported electric vehicle market, drawing attention to the widening wealth gap often described as “The rich get richer, the poor get poorer.” While sales of domestic electric vehicles (EVs) have been lackluster this year, there has been a notable surge in [...]
SEOUL, Oct. 13 (Korea Bizwire) – South Korea’s military exemptions granted to qualified athletes and musicians were called into question during a parliamentary audit Friday as this year’s Asian Games reignited debates over their fairness. Both ruling and opposition parties called on the Military Manpower Administration (MMA) to reconsider the current supplementary military system that [...]
JEJU, Oct. 13 (Korea Bizwire) – The most beloved Christmas tree in the world will be chosen from Jeju. The Jeju World Heritage Site recently announced its plan to pick one special tree, a representative of the Korean Fir found on Mt. Halla, as the ‘Christmas Tree Ambassador.’ This tree will symbolize the importance of preserving [...]
SEOUL, Oct. 13 (Korea Bizwire) – Flip phones and feature phones (mobile phones without smartphone functions), characterized by small screens and physical buttons are emerging as trendy ‘hip’ items for the MZ generation, a term widely used in South Korea to encompass millennials and Generation Z. Until now, flip phones and feature phones were often referred to [...]
HWACHEON, Oct. 12 (Korea Bizwire) – An Asiatic black bear, raised for gallbladder extraction, was rescued just before facing slaughter, thanks to the sponsorship of a compassionate citizen, providing the bear with a chance for a new life. Animal protection organizations Project Moon Bear and Korea Animal Rights Advocates (KARA) jointly announced that they successfully rescued [...]
SEOUL, Oct. 11 (Korea Bizwire) – Data from the Korea Customs Service reveals a surge in alcohol imports, resulting in a doubled trade deficit in the sector over four years. Imported alcoholic beverages, such as beer and whiskey, reached $1.62 billion in 2022, marking a 54% increase from 2018. Notably, it highlights that exports of [...]
SEOUL, Oct. 11 (Korea Bizwire) – A South Korean politician urged the government on Tuesday to urgently devise measures to prevent Chinese companies from releasing imitated versions of K-foods, as some Chinese companies imitate not only the brand name and packaging but also use the Korean language on their products. Lee Yang-soo, a lawmaker from the [...]
SEOUL, Oct. 10 (Korea Bizwire) –If you’re looking to enhance the aesthetics of your interior by hanging family photos, wall-mounted TVs, or even air conditioners on the wall but don’t have the option to drill holes due to not being a homeowner, Samsung Electronics has introduced a game-changing solution. On Tuesday, the company unveiled the [...]
SEOUL, Oct. 9 (Korea Bizwire) – Going forward, both the additives used in cigarettes and the harmful substances that come from smoking them will be disclosed to the South Korean public. The National Assembly approved the “Law on the Control of Harmful Effects of Tobacco” (draft) during its full session on October 6. This law [...]