SEOUL, Jan. 20 (Korea Bizwire) — POSCO Holdings Inc. on Friday said its operating income nearly halved last year from a year earlier largely due to a typhoon in September and an industry downturn. Its operating income stood at 4.9 trillion won (US$3.96 billion) last year, sharply down from an operating income of 9.2 trillion [...]
SEOUL, Jan. 20 (Korea Bizwire) — The number of broiler chickens raised in South Korea fell 5.2 percent on-year in the fourth quarter from a year earlier, data showed Friday, amid concerns over the spread of avian influenza. South Korean farms raised 88.71 million broilers in the fourth quarter of 2022, down 4.89 million from [...]
SEOUL, Jan. 20 (Korea Bizwire) — The government is strengthening its pet ownership policy to prevent dog bite accidents. The Ministry of Agriculture, Food and Rural Affairs announced Thursday that it will make an advance notice of legislation for the new enforcement decree for the Animal Protection Act. Currently, owners of pets that are subject [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s top steelmaker, POSCO, has fully restored its facilities damaged by a September typhoon and its production was put back on track, the steelmaker said Friday. The superstrong Typhoon Hinnamnor pounded POSCO’s steel mill in Pohang, 372 kilometers southeast of Seoul, leading to the suspension of its major [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s financial regulator said Thursday it will open an institutional market to enable the trading of blockchain-based security tokens. The Financial Services Commission (FSC) announced that it deliberated on its regulation innovation agenda for the capital market. Security tokens, in general, are the issuance of securitized rights in [...]
SEOUL, Jan. 19 (Korea Bizwire) — The academic performance of a child became more reliant on the wealth of their parents in the last 10 years, a study showed Wednesday. Professor Kim Seong-sik from Seoul National University of Education reported during a forum at the National Assembly on Tuesday that according to the Korea Educational Development Institute, the inequality [...]
SEOUL, Jan. 19 (Korea Bizwire) — Mentions about job transfers and quitting jobs have increased in the last three years over the pandemic, a Seoul-based PR agency said Wednesday. KPR & Associates, Inc. conducted a big data study of 190,000 mentions about job transfers and resignations online, in which 132,000 mentions were made in 2022, [...]
SEOUL, Jan. 19 (Korea Bizwire) — A drunk person who drove his car 40 kilometers from Seoul to Incheon was caught by his cellphone’s automatic reporting system, police said Wednesday. Incheon Jungbu Police Station announced that it had apprehended a 30-year-old man for driving under the influence. The man has been charged with drunk driving [...]
INCHEON, Jan. 19 (Korea Bizwire) — A 27-year-old American man has been extradited to South Korea for allegedly breaking into subway train garages across the country and spray-painting graffiti on trains, police said Thursday. The American is under suspicion of breaking into nine subway train garages in Seoul, Incheon, Daejeon and six other regions together [...]
SEOUL, Jan. 19 (Korea Bizwire) — An artificial intelligence (AI)-based pet health management platform developed by a South Korean startup will be used for non-face-to-face diagnosis in the U.S. AI FOR PET, the operator of the pet health management application TTcare, said Wednesday it will provide an AI-based pet medical environment in collaboration with American [...]