SEOUL, Nov. 16 (Korea Bizwire) — Experts are increasingly concerned over the issue of senior poverty caused by a lack of pension programs and other senior welfare policies as South Korea is becoming an aging society at twice the speed of Japan. The Korea Economic Research Institute (KERI) conducted a survey of 500 senior respondents [...]
SEOUL, Nov. 16 (Korea Bizwire) — Armed with a variety of technologies, an increasing number of startups are making forays into the waste resource collection business. As environmental, social and governance (ESG) management is emerging as a major trend, the value of waste resource recycling is on the rise. Tech startup Superbin’s vending machine Nephron [...]
SEOUL, Nov. 16 (Korea Bizwire) — The government has launched a drive to demonstrate wave power generation using the force of waves hitting a seawall. The Ministry of Oceans and Fisheries on Tuesday held the completion ceremony for a 30-kilowatt-class demo plant designed to generate electricity using the force of waves hitting a seawall in [...]
SEOUL, Nov. 16 (Korea Bizwire) — Moves are afoot for the introduction of South Korea’s first self-driving library robot that autonomously moves around a park to lend books to citizens. The Ministry of Trade, Industry and Energy and the Korea Chamber of Commerce and Industry had held a deliberation committee meeting regarding regulatory sandbox measures, [...]
SEOUL, Nov. 15 (Korea Bizwire) — The first tourists from Singapore since the start of the coronavirus pandemic arrived Monday in South Korea under a bilateral travel bubble agreement. A travel bubble refers to a quarantine-free travel partnership between two or more cities or countries with similar levels of COVID-19 cases. The tourists landed at [...]
SEOUL, Nov. 15 (Korea Bizwire) — South Korea said Monday local firms have inked deals to import urea solution from other countries, including Malaysia and Mexico, a move expected to help ease a supply shortage of the key fluid needed in diesel cars to cut emissions. Three Korean firms have signed contracts to import a [...]
SEOUL, Nov. 15 (Korea Bizwire) — With the COVID-19 pandemic nearing its second anniversary, concerns about burnout among medical staff are rising. Yun Ye-seul (alias), a nurse working at a public health clinic in Seoul, is in charge of primary checks on patients and managing home treatment. She hasn’t been able to afford a single [...]
SEOUL, Nov. 15 (Korea Bizwire) — The Seoul city government will temporarily lift operating day restrictions on privately-owned taxis in an effort to increase nighttime taxi services, as eased anti-virus restrictions are jacking up demand for nocturnal transportation, officials said Monday. The city will temporarily remove the restrictions under which privately-owned cabs were required to [...]
SEOUL, Nov. 15 (Korea Bizwire) — Sales of electric vehicles (EVs) in South Korea almost doubled in the first three quarters of this year from a year earlier, ranking seventh in the world, data showed Monday. A total of 71,006 EVs were sold in Asia’s fourth-largest economy in the January-September period, up 96 percent from [...]
SEOUL, Nov. 15 (Korea Bizwire) — Wealthy South Koreans tend to see cryptocurrency investments in a negative light and they picked stocks as a promising investment option for long-term gains, a report showed Sunday. In response to a question asking if they intended to invest in cryptocurrencies, 70 percent said that they had no intention [...]