SEOUL, June 29 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s leading food manufacturer, has succeeded in producing certified biodegradable plastic for the first time in the country. The Ministry of Trade, Industry and Energy said Wednesday that CJ Cheiljedang’s biodegradable plastic (PHA) showed outstanding performance in a series of official tests, receiving a test [...]
PYEONGTAEK, June 29 (Korea Bizwire) — South Korea’s Navy on Wednesday held a ceremony to commemorate the sacrifices of sailors killed in an inter-Korean naval skirmish near the western sea border two decades ago. The memorial event took place at the Navy’s Second Fleet in Pyeongtaek, 70 kilometers south of Seoul, with the attendance of [...]
SEJONG, June 28 (Korea Bizwire) — The accommodation and restaurant sector in South Korea reported the biggest fall in operating profit margins in 2020 compared with 2015 due to the COVID-19 pandemic, data showed Tuesday. The ratio of operating profit against sales for the lodging and eatery industry came to 5.2 percent in 2020, down [...]
SEOUL, June 28 (Korea Bizwire) — A Seoul court on Tuesday approved SsangYong Motor Co.’s decision to select a local consortium led by chemical-to-steel firm KG Group as the final bidder for the debt-laden carmaker. In the latest auction, the KG consortium beat underwear company Ssangbangwool in the overall criteria of acquisition prices, fundraising plans [...]
SEOUL, June 28 (Korea Bizwire) — As the U.S. Supreme Court reignites abortion debate following its decision to overturn its 1973 abortion ruling known as Roe v. Wade, South Korea has yet to introduce legislation that enforces abortion rights. In South Korea, one can easily find advertisements about pregnancy interruptions on social media and portal [...]
SEOUL, June 28 (Korea Bizwire) — The university district of Shinchon and Seogyo-dong in western Seoul are rising as the new rendezvous point for foreigners living in the capital city, data showed Monday. Seoul’s city government, along with the Migration Research & Training Centre, studied foreigners who have lived in Seoul for more than 90 [...]
SEOUL, June 28 (Korea Bizwire) — Three out of 10 adults under the age of 50 live with their parents, instead of living independently, a state-run think tank said Tuesday, casting light on the spreading phenomena of late marriage and non-marriage in Korean society. According to a research report issued by the Korea Institute for [...]
SEOUL, June 28 (Korea Bizwire) — Finance Minister Choo Kyung-ho asked companies Tuesday to refrain from excessively raising wages for employees as the move could further accelerate inflation. Choo made the request during a meeting with members of the Korea Enterprises Federation (KEF), including Sohn Kyung-shik, federation chief and CJ Group chairman, and Rhee In-yong, [...]
SEOUL, June 28 (Korea Bizwire) — Most South Koreans reside in cities covering less than a fifth of the national land, data showed Monday. The land area designated as special purpose areas by the National Land Planning and Utilization Act totaled 106,207 ㎢, According to the data from the Ministry of Land, Infrastructure and Transport [...]
SEOUL, June 28 (Korea Bizwire) — Samsung Electro-Mechanics Co. is applying advanced treatment methods to the water it uses throughout its entire production process as part of efforts to protect the environment, the company said. The electronics parts maker purifies the water used at its Suwon plant in three stages. It manages the contaminant density [...]