SEOUL, July 5 (Korea Bizwire) — Loans issued to seniors over 60 years of age from insurance companies jumped last year, a lawmaker said Monday, citing data from the Financial Supervisory Service. Loans taken out by seniors over 60 years of age from insurance companies reached 11.16 trillion won (US$8.55 billion) as of late December [...]
SEJONG, July 5 (Korea Bizwire) — South Korea’s exports of farm and fisheries products grew 14.6 percent in the first half of this year on solid demand for Korean food, data showed Tuesday. Outbound shipments of agricultural and fisheries goods came to US$6.21 billion in the January-June period, up from $5.42 billion from a year [...]
SEOUL, July 5 (Korea Bizwire) — South Korea’s military is joining hands with IT representatives to train technology specialists. The Ministry of National Defense and the Ministry of Science and ICT announced Tuesday that they will start a joint artificial intelligence (AI) and software training program for military personnel, aimed at developing 1,000 military specialists for the [...]
SEOUL, July 5 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 13 percent last month from a year earlier as a chip shortage continued to affect vehicle production, an industry association said Tuesday. The number of newly registered foreign vehicles stood at 22,695 units last month, down from 26,191 units a year [...]
SEOUL, July 5 (Korea Bizwire) — The time is coming when public transport fares will be paid automatically if you simply pass by card readers without having to tag your traffic card or smartphone on the readers. South Korean smart payment operator Tmoney Co. said Monday that it will launch a trial operation of the [...]
SEOUL, July 4 (Korea Bizwire) — A photo of President Yoon Suk-yeol staring at a nearly blank computer screen during his visit to Spain last week has raised eyebrows in South Korean online communities, with some suspecting it was a setup by the presidential office. Yoon’s office released 12 photos Sunday that showed the president [...]
SEOUL, July 4 (Korea Bizwire) – The government has decided to follow 10,000 people for the next three years to track down the source of so-called ‘Long COVID’ or the side effects caused by COVID-19. The National Institute of Health recently began receiving applications for the new R&D project that will study the side effects [...]
SEOUL, July 4 (Korea Bizwire) — The Korean currency has reached a new 13-year low against the U.S. dollar, prompting foreign direct purchase enthusiasts to return to domestic shopping malls. Online communities for foreign direct purchasing are increasingly sharing the view that buying goods abroad is either more expensive or equivalent in price to shopping [...]
SEOUL, July 4 (Korea Bizwire) — South Korea launched a government-private consultative body Monday tasked with exploring ways to resolve the long-standing diplomatic row with Japan about compensation for the Korean victims of wartime forced labor, a sticking point in their relations. First Vice Foreign Minister Cho Hyun-dong presided over the inaugural session of the [...]
SEOUL, July 4 (Korea Bizwire) — South Korea’s electricity demand touched a fresh all-time high in June as the country was struck by an early heat wave, data showed Monday. The country’s maximum power demand averaged 71,805 megawatts (MW) last month, up 4.3 percent from a year earlier and marking the highest tally for any [...]