SEOUL, Nov. 26 (Korea Bizwire) — Hyundai Steel Co., South Korea’s No. 2 steelmaker, said Wednesday that its first liquefied natural gas (LNG)-powered ship made its maiden voyage for the overseas transport of raw materials. The eco-friendly ship, named HL Oceanic, is scheduled to transport 2 million tons of iron ore and coal per year [...]
GOYANG, Nov. 25 (Korea Bizwire) — Automakers on Thursday showcased a suite of electric vehicles at a Seoul motor show as they are shifting away from internal combustion engine vehicles toward zero-emission vehicles amid a global push to reduce greenhouse gas emissions. Hyundai Motor Group and German carmakers stole the spotlight with their upcoming all-electric [...]
SEOUL, Nov. 25 (Korea Bizwire) — The pandemic has expedited the process of digital transition, increased information and communications technology (ICT) investment and encouraged tech startups. The Ministry of SMEs and Startups reported a 26.1 percent increase in the number of tech startups between January and September of this year, adding a total of 34,240 [...]
SEOUL, Nov. 25 (Korea Bizwire) — The Supreme Court ruled Thursday imports of childlike sex dolls should be banned, because they could lead to the perception of children as sexual objects and increase the danger of potential sex crimes against minors. The ruling overturned lower courts’ decisions that imports of child sex dolls should be [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korea plans to increase its stockpile of rare metals and expand the list of such items for strategic reserves, the country’s finance minister said Wednesday. The move aimed at ensuring stable supply of such materials came in the wake of a recent supply shortage of aqueous urea solution, [...]
SEOUL, Nov. 24 (Korea Bizwire) — As plastic waste continues to pose a greater threat to the environment, policy makers are rushing to come up with varied ideas to tackle the problem. And the city of Changwon in South Gyeongsang Province has recently joined the growing ranks of local authorities installing recycling machines where you [...]
SEOUL, Nov. 24 (Korea Bizwire) — The number of babies born in South Korea fell to a record low in September, data showed Wednesday, underscoring the country’s bleak demographic situation with the chronically low birth rate. A total of 21,920 babies were born in September, down 6.7 percent from the previous year, according to the [...]
SEOUL, Nov. 24 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it has selected the city of Taylor in Texas as the site of its new US$17 billion chip fabrication plant, a move to boost production amid a global chip shortage. The decision came five months after the tech giant announced a plan to build [...]
SEOUL, Nov. 24 (Korea Bizwire) — The number of users for Disney+, the flagship streaming service of U.S. media giant Walt Disney Co., is showing a downward trend after its launch in South Korea, due primarily to criticism over the quality of its captions and a lower user convenience compared to its competitors. Disney+’s daily [...]
SEOUL, Nov. 23 (Korea Bizwire) — The South Korean government said Tuesday it will join the U.S.-led plan to release strategic crude reserves along with other major oil-consuming nations to help bring down soaring energy prices. “The government decided to accept the U.S. request to release crude stockpiles, considering the need for international coordination on [...]