SEOUL, Dec. 28 (Korea Bizwire) — The “MZ generation” is a Korean term refers to millennials and Generation Z but a recent smartphone usage analysis showed that the lifestyle of the two groups is distinctively different. Local pollster Open Survey conducted on an online survey of 600 millennials and 600 people from Generation Z, which [...]
SEOUL, Dec. 28 (Korea Bizwire) — The government will lift restrictions on sales of urea solution as the supply of the essential fluid used in diesel vehicles to cut emissions has been stabilized, the finance ministry said Tuesday. South Korea had struggled to cope with a shortage of urea solution after China imposed export curbs [...]
SEOUL, Dec. 28 (Korea Bizwire) — “Spider-Man: No Way Home” has become the first movie to surpass 5 million in admissions since the coronavirus pandemic began in South Korea, its local distributor said Tuesday. The latest Marvel superhero film hit the landmark at 7 a.m., on the 14th day of its release, according to Sony [...]
SEOUL, Dec. 28 (Korea Bizwire) — Hyundai Motor Group is speeding up the shift towards electrification by abolishing the engine development center within its research and development (R&D) headquarters. According to industry sources, the group carried out a top-to-bottom restructuring of its R&D headquarters by transitioning the existing powertrain organization into an electrification development unit [...]
SEOUL, Dec. 28 (Korea Bizwire) – The outbreak of the coronavirus deepened the polarization of the job market, with the number of office and sales jobs declining more compared to physical labor jobs, a central bank report showed Monday. The number of middle-skilled jobs such as office, sales, functional and assembly technicians declined by 0.63 [...]
SEOUL, Dec. 28 (Korea Bizwire) – South Korean auction house Seoul Auction said Monday that the total value of successful bids stood at 167 billion won (US$140 million) this year, up almost fourfold from 43.4 billion won a year ago. The successful bid rate estimated at 79 percent, up 10 percentage points in the year-ago [...]
SEOUL, Dec. 27 (Korea Bizwire) – South Korea’s military approved a plan Monday to locally develop and deploy a reconnaissance and surveillance drone by 2031 to better defend the country’s northwestern border islands, the state arms procurement agency said. The Defense Project Promotion Committee endorsed the project worth 570 billion won (US$479 million) for the [...]
SEOUL, Dec. 27 (Korea Bizwire) — LG Display Co., a major display panel maker in South Korea, said Monday it will show off transparent OLED displays at the Consumer Electronics Show (CES) next week, as part of efforts to present technological innovations that can transform the spaces where people live and work. Among the versatile [...]
SEOUL, Dec. 27 (Korea Bizwire) — The southern resort island of Jeju, increasingly affected by a surge in garbage caused by a drastic rise in the number of visitors and rapidly growing population, is stepping up to reduce plastic waste. The Small Enterprise and Market Service reported that as of April 2019, Jeju Province had [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korea’s state intelligence agency formally raised the alarm Monday about the possibility of counterfeit US$50 bills being distributed in the nation, especially before and during the 2022 Beijing Winter Olympic Games. The National Intelligence Service (NIS) made public a photo of a fake bill, similar to a so-called [...]