WASHINGTON, Dec. 6 (Korea Bizwire) — Nearly eight out of 10 South Koreans believe social media leads to more political division, with nearly as many people saying social media makes it easier for people to manipulate others, a survey showed Tuesday. However, more than 60 percent of those surveyed said social media is still a [...]
SEOUL, Dec. 5 (Korea Bizwire) — The government is reviewing the idea of imposing recycling obligations on clothing companies. The Ministry of Environment said Sunday that it recently outsourced a study on the so-called Extended Producer Responsibility (EPR), a legislative strategy used by many developed countries to encourage manufacturers to design environmentally friendly products. In [...]
SEOUL, Dec. 5 (Korea Bizwire) — Hyundai Motor Co.’s first mini SUV, the Casper, has been a boon for the domestic minicar market, which has seen sales plunge in recent years. 5,573 units of Casper model were sold last month, the highest monthly record since the car’s debut in September last year, according to the [...]
LONDON, Dec. 3 (Korea Bizwire) — FootballCoin, a blockchain-powered fantasy football game, has announced the launch of the Fantasy Football World Cup 2022. The World Cup-inspired contests provide players with the opportunity to collect all of the player NFTs available in-game, as well as earn crypto prizes. Established in 2017, FootballCoin was built using blockchain [...]
SEOUL, Dec. 2 (Korea Bizwire) — As Korean dramas and films enthrall a wider global audience, entertainment giant Disney now looks ready to ride the Korean Wave to expand its presence in the thriving streaming market. Following streaming leader Netflix’s international success of “Squid Game,” more viewers from across the globe are watching Korean series [...]
SEOUL, Dec. 2 (Korea Bizwire) — South Korea’s financial regulator said Friday that it will obligate listed firms to provide corporate filings in English “in stages” from 2024 as it seeks to expand foreigners’ access to business information. “In consideration of the level of preparations by businesses, we will make it obligatory in stages centering [...]
SEOUL, Dec. 1 (Korea Bizwire) — The income gap between the haves and have-nots in South Korea widened in 2021 amid the prolonged COVID-19 pandemic, data showed Thursday. The distribution ratio for disposable income, a key barometer of income equality, reached 5.96 last year, up from 5.85 the previous year, according to data from Statistics [...]
SEOUL, Nov. 30 (Korea Bizwire) – Indong Advanced Materials Inc., a South Korean producer of secondary battery materials, said Wednesday it has acquired lithium mining rights in Bolivia in a deal potentially worth as much as 130 trillion won (US$98.4 billion). The mining rights are part of the business contract Indong Advanced Materials has signed [...]
SEOUL, Nov. 30 (Korea Bizwire) — Close to half of high school seniors in South Korea sleep less than six hours every day, a government report showed Tuesday. The Ministry of Education conducted a survey of health examinations taken by 93,970 students from 1,023 elementary, middle, and high schools, which showed that only 3.1 percent [...]
PYEONGTAEK/SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s Hanwha Aerospace Co. staged a capability demonstration of a homegrown multi-purpose unmanned ground vehicle at a key U.S. military base south of Seoul on Tuesday. The company showcased key capabilities of the military vehicle, Arion-SMET, at Camp Humphreys in Pyeongtaek, 65 kilometers south of Seoul — the [...]