SEOUL, March 27 (Korea Bizwire) — The Supreme Court has finalized a decision not to punish an Iranian national charged with obtaining a visa based on a fake document, citing an international refugee convention prohibiting the punishment of refugees for illegal entry. The Iranian applied for refugee status in South Korea in March 2016 after [...]
SEOUL, March 27 (Korea Bizwire) — Microsoft Corp.’s search engine Bing is enjoying global popularity on the back of its integration of Open AI’s technology, and South Korea is no exception, data showed Sunday. The nation’s search engine influx rate (market share in search) stood at 62.8 percent for Naver, 31.4 percent for Google and [...]
SEOUL, March 26 (Korea Bizwire) — The loan exposure of nonbanking financial companies to real estate project financing (PF) has spiked to an alarming level in recent years, posing potential credit risks amid a decline in the housing market, industry data showed Sunday. The volume of exposure by insurance companies, securities firms, credit card companies [...]
SEOUL, March 25 (Korea Bizwire) — In 1993, it was discovered that the Soviet (now Russian) Navy had dumped approximately 1,000 tons of radioactive nuclear waste in the East Sea, 190 kilometers southeast of Vladivostok. Although the Soviet Union claimed that the concentration of nuclear waste released was lower than the International Atomic Energy Agency (IAEA) [...]
SEOUL, March 25 (Korea Bizwire) – Sero is a male foal who used to follow its mother and father all day around, enjoying their love. Unfortunately, his world fell apart when his mother Lulu passed away in 2021 and his father Garo followed her to heaven the next year. Sero can’t forget the day [...]
SEOUL, March 25 (Korea Bizwire) — The Trax Crossover by General Motors Co. (GM) has received more than 6,000 preorders in South Korea after its debut earlier this week, industry sources said Saturday. The preorders that began Wednesday here are expected to top 10,000 early next week, they said. GM plans to fully operate its [...]
SEOUL, March 24 (Korea Bizwire) – LG Energy Solution Ltd. (LGES) said Friday it will invest 7.2 trillion won (US$5.56 billion) to build what will be its second standalone battery manufacturing site in the United States, sticking to its earlier plan after a period of reconsideration. LGES will spend 4.2 trillion won to build a [...]
SEOUL, March 24 (Korea Bizwire) — South Korean hotel industry is actively participating in various eco-friendly campaigns amid growing interest in ethical consumption. Josun Hotels & Resorts is taking part in the resource circulation project Save the Planet Alliance campaign, organized by the Ministry of Environment, as part of its ESG management. Transparent PET bottles [...]
SEOUL, March 24 (Korea Bizwire) — BGF Retail Co., the operator of CU convenience stores, said Thursday it has signed a memorandum of understanding (MOU) with domestic start-up KEIL to convert near-expired food items into feed for mealworms. Under terms of the MOU, BGF Retail will provide the near-expired food items waiting for disposal at [...]
SEOUL, March 23 (Korea Bizwire) — As the hiring season heats up, many companies are becoming increasingly wary of job applicants who use generative artificial intelligence (AI) to create resumes. Services such as ChatGPT provide high-quality output in a short amount of time, raising concerns about the potential for discrimination among applicants. There is a growing [...]