SEOUL, Jan. 29 (Korea Bizwire) — South Korean oil refiners’ exports hit a record-high level in 2022, data showed Sunday, on the back of soaring global energy prices amid the protracted war between Russia and Ukraine. The combined exports of local oil refiners reached US$57 billion in 2022, up 71.2 percent from a year earlier, [...]
SEOUL, Jan. 27 (Korea Bizwire) — The number of dropouts has been increasing at major universities in Seoul in the last three years, largely due to the increasing number of students enrolling in medical school. Jongno Academy, an educational institution for college admissions, reported that there were 7,111 dropouts from 11 major universities in Seoul [...]
SEOUL, Jan. 27 (Korea Bizwire) — Despite progress in promoting safe driving habits, a significant portion of the South Korean population still use smartphones while driving or walking through crosswalks, a government data showed Thursday. According to the Ministry of Land, Infrastructure and Transport, last year’s traffic culture index reached 81.18 points, an increase of [...]
SEOUL, Jan. 27 (Korea Bizwire) — Financial benefits for residents, farmers and fishermen who have invested in the construction of solar power plants or wind farms are about to increase, the industry ministry said Thursday. The Ministry of Trade, Industry and Energy announced that it will put up an administrative notice to amend several parts [...]
BUSAN, Jan. 27 (Korea Bizwire) — A South Korean company has developed a new system that allows for the real-time monitoring of logistics facilities using virtual reality (VR) technology, the Busan city government said Thursday. Kuls, a logistics firm located in Busan, recently applied for a patent for its “VR-based logistics center monitoring technology and [...]
SEOUL, Jan. 27 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Thursday it is launching an unmanned coffee robot service in collaboration with local collaborative robot manufacturer Doosan Robotics Co. The robot, dubbed AI (artificial intelligence) Barista Robot, can make about 20 different types of coffee and drinks, and offers coffee [...]
SEJONG, Jan. 26 (Korea Bizwire) — South Korea’s finance minister said Thursday the country is not considering the so-called windfall tax on energy companies, as local refiners have different business structures compared with European counterparts. The remark came after Lee Jae-myung, who heads the main opposition Democratic Party, claimed that South Korea should adopt the [...]
SEOUL, Jan. 26 (Korea Bizwire) — The state human rights watchdog said Thursday it has asked the health minister to devise guidelines for the hospitalization of transgender people. The National Human Rights Commission of Korea (NHRCK) said it has made the recommendation after receiving a petition from a trans woman who unsuccessfully tried to be [...]
SEOUL, Jan. 26 (Korea Bizwire) — The government plans to enact a law prohibiting sex offenders at high risk of reoffending from living close to kindergartens or schools, the justice ministry said Thursday. The ministry plans to submit a revision to the Act on Electronic Monitoring to the National Assembly for approval in May, the [...]
SEOUL, Jan. 26 (Korea Bizwire) — Only a small percentage of people in their mid- or later stages of life believe that they can be financially independent, without any help from the state, social groups and family members, a survey showed Wednesday. The National Pension Research Center conducted a survey of 4,024 households (6,392 people) [...]