SEOUL, Jan. 2 (Korea Bizwire) — The Ministry of Environment has distributed an educational and experience program manual for the exhibition of animals at zoos to municipal governments and zoos across the country. The exemplary cases of the manual indicate that the programs should be halted if visitors do not comply with control or if [...]
SEOUL, Jan. 1 (Korea Bizwire) — South Korea will invest 6.7 trillion won (US$5.3 billion) in science research in 2023 as the country seeks to secure key future technologies as new growth engines, the science ministry said Sunday. The Ministry of Science and ICT said the earmarked amount marked a 3.9 percent increase from 2021. [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea successfully conducted a test flight of a solid-fuel space launch vehicle on Friday, the defense ministry said, nine months after its first test of the homegrown rocket. The state-run Agency for Defense Development (ADD) carried out the test as part of efforts to strengthen “independent” space-based reconnaissance [...]
SEOUL, Dec. 30 (Korea Bizwire) — With shrinking consumer sentiment and an economy in decline, prices of luxury goods and limited editions of running shoes are plunging. StockX Korea, a local unit of the U.S.-based resale company, said that Nike’s Dunk Low Panda are currently available for 186,000 won (US$147), which is 53 percent cheaper [...]
SUWON, Dec. 30 (Korea Bizwire) — Gyeonggi Province said Thursday it will introduce an electronic delinquency tax management system that automatically tracks and confiscates the virtual assets of delinquent taxpayers to save time spent on processing tax payment failures. The provincial office began developing the system in January of this year, reaching completion in September. [...]
SEOUL, Dec. 30 (Korea Bizwire) — The South Korean military deployed fighter jets in recent days in response to radar sightings of unidentified objects wrongly assumed to be drones from North Korea. On Wednesday morning, an unknown object was detected by radar, with the military scrambling fighter jets on standby to Incheon and northern Gyeonggi [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea will raise first-quarter electricity rates by the largest margin in about four decades on high global energy costs and mounting losses of the state utility company, the industry ministry said Friday. The government decided to jack up the electricity rates for consumer and industrial use by 13.1 [...]
SEOUL, Dec. 30 (Korea Bizwire) — The usage rate of food delivery apps developed by municipal governments to reduce the burden on small businesses remains low despite lower commission fees compared to private delivery apps, a report said Thursday. According to a survey of about 3,000 dining businesses conducted by the Korea Agro-Fisheries Trade Corp. [...]
SEOUL, Dec. 29 (Korea Bizwire) — The cryptocurrency account of Kim Jung-ju, the deceased founder of gaming giant Nexon Co., was hacked, resulting in the loss of more than 8.5 billion won (US$6.7 million), court documents showed Thursday. The Seoul Eastern District Court convicted a 39-year-old man, whose identity has been withheld, for illegally copying [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korea’s top steelmaker, POSCO, has restored most of its facilities damaged by a September typhoon and normalized production, the industry ministry said Thursday. The superstrong Typhoon Hinnamnor pounded POSCO’s steel mill in Pohang, 272 kilometers southeast of Seoul, leading to the suspension of its major facilities. All three [...]