SEOUL, Nov. 3 (Korea Bizwire) – The Seoul city government said Wednesday it will offer a new concept public service through online virtual worlds by building its own metaverse platform for the first time among local governments nationwide. The city’s own high-performance platform, tentatively named Metaverse Seoul, will be established by the end of next [...]
SEOUL, Nov. 3 (Korea Bizwire) — Supply chain worries loom over the South Korean economy as China has started to impose limits on exports of urea. Urea water is indispensable in an emissions control system called selective catalytic reduction (SCR). Vehicles powered by diesel engines are required to be equipped with SCR systems, which are [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s top two chipmakers — Samsung Electronics Co. and SK hynix Inc. — are expected to submit information on their chip businesses to the U.S. government by the Nov. 8 deadline, industry sources said Wednesday. In late September, the U.S. Department of Commerce asked major chip companies and [...]
SEOUL, Nov. 3 (Korea Bizwire) – South Korean chemical company SK Chemicals Co. said Tuesday it had launched the mass production of ECOTRIA CR, a polyethylene terephthalate glycol (PETG) copolyester product that is made from chemically recycled material, for the first time in the world. The company started mass-producing ECOTRIA CR at its Ulsan plant [...]
SEOUL, Nov. 2 (Korea Bizwire) — German chemical giant BASF S.E. said Tuesday it opened a new research and development (R&D) center in South Korea for engineering plastics that are widely used in automotive and consumer electronics, as part of an expansion in the Asian market. The Engineering Plastics Innovation Center Korea, or EPIC Korea, [...]
SEOUL, Nov. 2 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s sixth-largest tiremaker by sales, said Tuesday it has recently begun supplying tires for Nissan Motor Corp.’s Frontier pickup truck. Hankook Tire has provided the high-performance Dynapro HT and Dynapro AT2 SUV tires in the form of original equipment (OE) products for the [...]
SEOUL, Nov. 2 (Korea Bizwire) — Foreign direct investment (FDI) pledged to the country has surged more than 5,000 times in 60 years, which helped play a key pillar of now Asia’s fourth-largest economy, the industry ministry said Tuesday. In 1962, a local carmaker reported receiving US$3 million in foreign investment, the first of its [...]
SEOUL, Nov. 2 (Korea Bizwire) — Men are more likely to feel socially isolated, while women are more prone to loneliness, according to a recent study conducted by one of the leading mental health experts in the nation. Led by psychiatry professor Hong Jin-pyo at Samsung Medical Center, a research team looked into the mental [...]
SEOUL, Nov. 2 (Korea Bizwire) — The Korea International Cooperation Agency (KOICA), the country’s overseas aid agency, said Monday that it will launch a project to improve the health and human rights of female Myanmar refugees in Bangladesh. About 1 million Rohingya refugees are living at a refugee camp in Cox’s Bazar in southern Bangladesh. [...]
SEOUL, Nov. 1 (Korea Bizwire) — South Korea plans to gradually lift restrictions on arrivals of migrant workers prompted by the pandemic starting later this month as the country has begun to take steps to return to normalcy, the labor minister said Monday. “In light of the shift to ‘living with COVID-19′ scheme, we’re going [...]