SEOUL, Nov. 5 (Korea Bizwire) — With the number of migrant workers in South Korea declining sharply due to the prolonged COVID-19 pandemic, these laborers are becoming more important figures, particularly at construction sites. According to the Ministry of Justice, the number of migrant workers on E-9 non-professional employment visa or H-2 work and visit [...]
SEOUL, Nov. 4 (Korea Bizwire) — SES, a Singapore-based battery developer with investments from big South Korean companies, like SK Inc. and Hyundai Motor Co., unveiled Thursday its next-generation hybrid lithium-metal battery large enough to power a sedan or SUV with the aim of commercialization by 2025. The 107 amp-hour “Apollo,” showcased at a virtual [...]
SEOUL, Nov. 4 (Korea Bizwire) — South Korea aims to replace most of its diesel-powered train cars with electric ones by 2030 as part of its broad carbon neutrality push. The country has 15,732 train cars that include 358 diesel ones. Out of the diesel rail cars, the country plans to initially replace 162 rail [...]
SEOUL, Nov. 4 (Korea Bizwire) — “Outrun by Running Man,” a spinoff of popular South Korean television show “Running Man,” will be released later this year as Disney+’s first Korean-language original, the streamer said Thursday. Disney+, a content streaming service from Walt Disney Co., said the show will be available within this year on its [...]
DAEJEON, Nov. 4 (Korea Bizwire) — New technology has been developed in which the artificial intelligence (AI) responsible for monitoring closed-circuit television (CCTV) footage installed in crime-ridden districts can send CCTV footage instantly to the police if it detects dangerous situations. The Electronics and Telecommunication Research Institute (ETRI) said Wednesday that it had developed core [...]
SEOUL, Nov. 4 (Korea Bizwire) — South Korean automaker Hyundai Motor Group is teaming up with Seoul National University, one of the country’s higher education institutions, to develop next-generation battery technology for use in future electric vehicles (EVs). On Wednesday, the two parties signed a memorandum of understanding for the establishment of a center for [...]
SEOUL, Nov. 3 (Korea Bizwire) — The government will seek punitive measures against South Korean units of Mercedes-Benz and Stellantis for manipulating emissions control systems in diesel vehicles, officials said Wednesday. The Ministry of Environment announced Mercedes-Benz Korea and Stellantis Korea were found to have tampered with pollution mitigation devices so they would perform at [...]
SEOUL, Nov. 3 (Korea Bizwire) — Global streaming giant Netflix is considering giving an additional reward to Korean producers of “Squid Game,” as it became the platform’s biggest-ever original show, a senior official of the company was quoted as saying Wednesday. Dean Garfield, vice president of public policy at Netflix, said his company is in [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korean mobile payment service Kakao Pay made a successful stock market debut on Wednesday, closing sharply higher than its initial public offering (IPO) price. The payment arm of Kakao Corp., South Korea’s top messenger app, closed at 193,000 won (US$163.28), up 7.22 percent from its opening price of [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korea will invest 1.4 trillion won (US$1.18 billion) by 2030 to develop technologies to capture and store carbon dioxide in a move to achieve its carbon neutrality goal, the industry ministry said Wednesday. The country vowed to cut greenhouse gas emissions by 40 percent from 2018 levels by [...]