SEOUL, Oct. 30 (Korea Bizwire) — Witnesses and survivors on Sunday said an overnight stampede that killed at least 151 people occurred after a massive group of people celebrating Halloween surged into a narrow downhill alley and were instantly pushed down by others. The deadliest stampede in South Korea’s history happened Saturday night in the [...]
SEOUL, Oct. 30 (Korea Bizwire) — Itaewon, the site of Saturday’s deadly stampede that killed at least 149 people, is known for its hip nightlife and chic restaurants, making it a favorite hangout among young people in their 20s and beyond. Itaewon’s bars and clubs have long served American troops stationed in the country as [...]
SEOUL, Oct. 29 (Korea Bizwire) — South Korea plans to release its stockpile of vegetables and salt to cope with the lingering inflation for the annual kimchi-making period ahead of winter, the government said Friday. Under the plan, South Korea will release 5,000 tons of garlic, 1.4 tons of peppers and 3.6 tons of onions [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea and Finland agreed Friday to deepen technology cooperation on treatment of high-level radioactive waste, as the Seoul government has sought to expand nuclear power generation, the industry ministry here said. The consensus was reached during a working-level teleconference between the two sides, according to the Ministry of [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea will continue to look into suspicious real estate transactions by foreigners as a recent investigation found increasing illegalities involving foreigners’ home purchases, the land ministry said Friday. The portion of suspicious home purchases by foreigners rose to 1.21 percent, or 6,772 cases, out of the country’s total [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea’s pet product exports increased 56 percent on-year through September to set a new record, data showed Friday, as more people adopted pets to find comfort amid the COVID-19 pandemic. Outbound shipments of pet products reached US$116 million over the January-September period, surpassing $111 million posted for all [...]
SEOUL, Oct. 28 (Korea Bizwire) – The Korea Agriculture Technology Promotion Agency has developed an artificial intelligence (AI)-based mandarin orange sorting machine that is now used at a packing house in Seogwipo on Jeju Island. The agency developed an AI system that can detect common defects on mandarin oranges with an accuracy rate of 99 [...]
SEOUL, Oct. 28 (Korea Bizwire) — Lotte Fine Chemical Co. is set to import the world’s first commercially-produced clean (blue) ammonia. The company announced on Thursday that it had signed a deal to import 25,000 tons of clean ammonia with Saudi Basic Industries Corp. (SABIC) and Saudi Arabian Mining Co. (Ma’aden) in Riyadh. This clean [...]
SEOUL, Oct. 27 (Korea Bizwire) — The current civil law invalidating marriages among third cousins and closer relatives does not conform to the Constitution and needs to be revised, the Constitutional Court ruled Thursday. The court said that it is constitutional for the civil law to prohibit marriages between third and closer cousins. But a [...]
SEOUL, Oct. 27 (Korea Bizwire) — South Korea’s antitrust regulator said Thursday it has decided to impose a fine of 153 million won (US$108,000) on a retailer of popular Japanese fashion brand Uniqlo over misleading advertisements. The penalty on FRL Korea Co., which sells Uniqlo products in South Korea, came as it exaggerated the performances [...]