SEOUL, March 1 (Korea Bizwire) — Individuals’ property investment decisions are influenced more by their desire to jump on the bandwagon than their personal risk-taking propensity, a study showed Monday. The Institute for Social Development and Policy Research at Seoul National University conducted a survey of 1,200 Seoul citizens and evaluated their responses using a [...]
SEOUL, March 1 (Korea Bizwire) — The Korea Expressway Corp., which manages South Korea’s highways across the nation, announced that it had developed a standard mixture formula for concrete that can reduce carbon emissions. Low-carbon concrete is made by replacing 50 percent of the cement used in existing concrete with furnace slag powder, an industrial [...]
SEOUL, Feb. 28 (Korea Bizwire) — With a surging number of COVID-19 patients infected with the omicron variant, people are seeking loopholes to get polymerase chain reaction (PCR) tests as mistrust of self-test kits rises. Since February, only people over 60 years of age and those who have entered into physical contact with a COVID-19 [...]
SEOUL, Feb. 28 (Korea Bizwire) — Civic activists and ordinary citizens held a rally in front of the Russian Embassy in central Seoul on Monday to condemn Russia’s invasion of Ukraine and to call for a peaceful resolution of the situation. Activists representing about 400 civic groups, including People’s Solidarity for Participatory Democracy and the [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Korea on Monday granted Ukrainians in South Korea stay extensions on humanitarian grounds in the wake of Russia’s invasion of the Eastern European nation, the justice ministry said. The measure will apply to 3,843 registered Ukrainian nationals, and if they wish to remain in South Korea after the [...]
SEOUL, Feb. 28 (Korea Bizwire) — About half of young South Korean workers were not satisfied with their income level, a survey showed Sunday. The National Youth Policy Institute conducted a survey of 4,141 South Koreans between 19 and 34 years of age, and found that the annual income of the respondents averaged 22.23 million [...]
SEOUL, Feb. 26 (Korea Bizwire) — President Moon Jae-in said Friday that South Korea will fully use its nuclear power plants under its nuclear phase-out scheme, calling nuclear power a mainsource of electricity over the next 60 years. “Over the next 60 years, while nuclear power plants continue to operate, nuclear power plants should be [...]
SEOUL, Feb. 25 (Korea Bizwire) — Ukraine’s ambassador to Seoul called Friday for South Korea and other partners to stand united in sanctioning and isolating Russia for its invasion of his country, saying the “future of the world order” is at stake in the armed conflict. Ambassador Dmytro Ponomarenko used a press conference in Seoul [...]
BUSAN, Feb. 25 (Korea Bizwire) — Kim Jin-suk, a labor activist well known for her 309-day sit-in protest atop a giant shipyard crane 10 years ago, was symbolically reinstated to her company Friday, 37 years after she was fired due to union activities. Kim attended the ceremony for her honorary reinstatement and retirement at HJ [...]
SEOUL, Feb. 25 (Korea Bizwire) — Women working in the field of web-based platforms earn less than 80 percent of what men typically earn for similar work, a government report said Thursday. The state-run Korea Employment Information Service conducted a survey of 1,023 web-based platform workers in September and October of last year, which showed [...]