SEOUL, July 13 (Korea Bizwire) — South Korean students studying abroad and their parents are taking the brunt of the weakening Korean won, as the home currency is hovering around the lowest level against the U.S. dollar in 13 years. After hitting a 13-year low of 1,301.8 won against the greenback on June 23, the [...]
SEOUL, July 13 (Korea Bizwire) — Prime Minister Han Duck-soo said Wednesday that the government will expand eligibility for the fourth COVID-19 vaccine shot to people aged 50 and older as well as people aged 18 and older who have underlying health conditions. The move comes as the nation is facing another wave of virus [...]
SEOUL, July 13 (Korea Bizwire) — After COVID-19 social distancing rules were lifted, South Korea’s major online travel and accommodation platforms have seen payments break records month after month. Industry tracker WiseApp conducted a survey of Korean consumers over 20 years of age to check the value of payments they had made at online travel [...]
SEOUL, July 12 (Korea Bizwire) — A fully-refurbished Gwanghwamun Square, a landmark in central Seoul, will open to the public on Aug. 6, city government officials said Tuesday. The Seoul city government said an opening ceremony will be held with the participation of some 1,000 people. Construction began in November 2020 to expand the square [...]
SEOUL, July 12 (Korea Bizwire) — Following the assassination of of former Japanese Prime Minister Shinzo Abe, a study that argues 3D printers can be used to make illegal firearms is gaining attention. Professor Kim Eun-young from the Catholic Kwandong University and professor Yoon Min-woo from Gachon University published a joint article that said current [...]
SEOUL, July 12 (Korea Bizwire) — The industry ministry vowed Tuesday to provide companies in the nuclear power industry with work worth 130 billion won (US$99.04 million) this year in an effort to rebuild the sector and expand nuclear power generation. The work to be provided this year will be meant to improve related facilities [...]
SEOUL, July 12 (Korea Bizwire) — The atmospheric concentration of carbon dioxide (CO2) in South Korea hit an all-time high last year, with the atmospheric methane level also registering a sharp increase, a meteorological institute said Tuesday. The CO2 level in the air, measured from the country’s longest-running observation station on Anmyeon Island, 124 kilometers [...]
SEOUL, July 12 (Korea Bizwire) — The value of unreturned deposits for “jeonse” home rentals is increasing year after year, hitting an all-time high in the first half of this year, data showed Monday. Under South Korea’s decades-old jeonse system, tenants pay a large lump-sum deposit, known as key money, to the landlord, which [...]
SEOUL, July 11 (Korea Bizwire) — South Korea’s customs office said Monday it will only permit the import of sex dolls that depict particular human body parts, but not the full body, starting this month. A sex doll refers to a realistic, adult-sized sex toy which resembles a man or woman. It may consist of [...]
SEOUL, July 11 (Korea Bizwire) — The Seoul city government on Monday announced plans to develop and install unmanned digital terminals and kiosks for the elderly, people with disabilities and digitally vulnerable people in a bid to cope with the digital divide problem. The city government said it will first develop unmanned terminals by year’s [...]