SEOUL, Sept. 28 (Korea Bizwire) — South Korea seeks to significantly boost production of electric vehicles to more than double domestic carmakers’ global market share to 12 percent by 2030 and to be a global car industry powerhouse, the industry ministry said Wednesday. For the goal, the government vowed to provide tax incentives and various [...]
SEJONG, Sept. 28 (Korea Bizwire) — The number of babies born in South Korea hit an all-time low in July, while deaths climbed to a record high in the month amid rapid aging and the COVID-19 pandemic, data showed Wednesday. A total of 20,441 babies were born in July, down 8.6 percent from the previous [...]
SEOUL, Sept. 28 (Korea Bizwire) — 6 out of 10 young Koreans have experienced an “open run” — a Korean term for the sprint to get into a store or other type of business to buy or sign up for the products or services of their choice, a poll showed Tuesday. Lotte Members, the membership [...]
SEOUL, Sept. 27 (Korea Bizwire) — The Seoul Metropolitan Government said Monday it will open up the country’s first protective facility for stalking victims next month. The city will remodel three protective facilities originally intended for victims of domestic violence to accommodate stalking victims (two for women, one for men). The facilities will be able to [...]
SEOUL, Sept. 26 (Korea Bizwire) — The effective tax rate among religious institutions is still low despite a new taxation policy for religious organizations, tax agency data showed Sunday. Rep. Jang Hye-young of the Justice Party referred to a National Tax Service report indicating that the effective tax rate for religious organizations in 2020 was [...]
SEOUL, Sept. 26 (Korea Bizwire) — SK Telecom Co., South Korea’s No. 1 wireless carrier, on Monday introduced a virtual human model to promote its artificial intelligence (AI)-based assistance platform. The female virtual model, named Sua, developed by 3D graphics development company Onmind Inc., will make its debut as an SK Telecom model in commercials [...]
SEOUL, Sept. 26 (Korea Bizwire) — Refusing surgery to a patient infected with HIV, the virus that carries AIDS, amounts to discrimination that violates the patient’s right to equality, the state human rights watchdog said Monday. The National Human Rights Commission made the decision in response to a petition filed by a HIV-positive person against [...]
SEOUL, Sept. 26 (Korea Bizwire) — The Korea Institute of Civil Engineering and Building Technology announced that it had developed the nation’s first sand dam technology to ensure a stable supply of drinking water in remote mountainous areas. Sand dams are facilities that have typically been employed in dry regions such as Africa. By retaining [...]
OTTAWA, Sept. 23 (Korea Bizwire) — South Korean President Yoon Suk-yeol wound up his second overseas trip amid embarrassment over the use of foul language caught on hot mic, but the trip was marked by one unmistakable outcome: the first summit with Japan in nearly three years. Yoon began the trip with a stop in [...]
SEOUL, Sept. 22 (Korea Bizwire) — A total of 630 elementary to high school students took their own lives over the past four years, due mainly to family feuds, an education ministry report showed Thursday. According to the report submitted to Rep. Kim Byong-wook of the People Power Party, 388 high school students died by [...]