SEOUL, Jan. 2 (Korea Bizwire) — Ruling party presidential nominee Lee Jae-myung plans to raise election funds via a blockchain-based digital platform to draw support from tech-savvy young voters, his campaign said Sunday. The Democratic Party (DP) will issue non-fungible tokens (NFTs) that include Lee’s image and election pledges to those who send money to [...]
SEOUL, Dec. 31 (Korea Bizwire) — Hyundai Electric & Energy Systems Co., an affiliate of Hyundai Heavy Industries Group, said Friday it has exported ultrahigh-voltage power transformers to Oman’s state utility provider in a deal valued at US$8.5 million. The supply deal with the Oman Electricity Transmission Co., included the sales of three 400-kilovolt/500-megavolt ampere [...]
SEOUL, Dec. 31 (Korea Bizwire) — Retail investors who bought shares of foreign luxury brands such as Hermes, Louis Vuitton and Gucci enjoyed higher returns this year. According to data from the Korea Securities Depository, the most net-bought stock by domestic individual investors among those listed on the French stock market was Hermes International SCA. [...]
SEOUL, Dec. 31 (Korea Bizwire) — South Korean electronics giant LG Electronics Inc. has launched a drive to develop a commercial washing machine that can wash clothes using carbon dioxide instead of water. The commercialization of this technology has been virtually impossible in the country due to strict safety regulations. The Ministry of Trade, Industry [...]
SEOUL, Dec. 30 (Korea Bizwire) — The number of teenagers who have received help from youth counseling welfare centers related to suicide or self-harm has quadrupled over the past five years. The Korea Youth Counseling and Welfare Institute reported that 238 youth counseling welfare centers across the country provided counselling services for 87,458 cases of [...]
SEOUL, Dec. 30 (Korea Bizwire) — Hanwha Solutions Corp. a chemical and energy unit of South Korean conglomerate Hanwha Group, said Thursday it is acquiring the telecommunication module business of Samsung Electro-Mechanics Co. in a bid to diversify its electronics component sector. Under the agreement signed between the two companies earlier in the day, Hanwha [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s large companies will be eligible to receive incentives in the allocation of greenhouse gas emissions rights if they help small and medium-sized enterprises (SMEs) to reduce their emissions of greenhouse gases. The Ministry of Environment announced on Wednesday that it will revise guidelines concerning the acknowledgement of [...]
SEOUL, Dec. 29 (Korea Bizwire) — Young South Koreans are more worried about the country’s lack of jobs than young people in any other country, a survey showed Tuesday. The Korean National Commission for UNESCO conducted a survey of 1,000 people between the ages of 19 and 34, 34 percent of whom picked ‘lack of [...]
SEOUL, Dec. 29 (Korea Bizwire) — A South Korean research team has succeeded in developing a new biochar that can replace activated charcoal by recycling seaweed like kelp. The Korea Institute of Science and Technology said Tuesday its research team had developed a biochar (a compound word of biomass and charcoal) material that can adhere [...]
SEOUL, Dec. 29 (Korea Bizwire) — Hyundai Motor Group has formulated a plan to help small merchants that are suffering from the prolonged COVID-19 pandemic as part of its social contribution program ‘Gift Car.’ The group announced on Tuesday that it will launch the ‘Gift Car On Air’ campaign to help small businesses typically accustomed [...]