SEOUL, Aug. 4 (Korea Bizwire) — South Korea decided to acquire a new frigate with improved anti-aircraft and survival capabilities through domestic research and development, the arms procurement agency said Wednesday. The defense project promotion committee held a videoconference and approved the plan for the 3.5 trillion won (US$3.1 billion) Ulsan-class Batch IV project, according [...]
SEOUL, Aug. 4 (Korea Bizwire) — As the Korean food supplier for the South Korean national teams at the Tokyo Olympics continues to raise controversy among Japanese politicians, the Japanese government continues to insist that food from Fukushima is safe. Japanese Foreign Minister Toshimitsu Motegi said at a press conference on Tuesday that Japan is [...]
SEOUL, Aug. 4 (Korea Bizwire) — Living as a vegetarian in South Korea is not an easy task. Pork belly barbecue and fried chicken are common at company meals — leaving vegetarians with the option of eating side dishes like soybean paste stew and cold buckwheat noodles. Due mostly to a lack of vegan menu [...]
SEOUL, Aug. 3 (Korea Bizwire) — U.S. electric vehicle maker Tesla Inc. has suspended sales of the Model 3 Long Range, the company’s most popular EV in South Korea, raising complaints that the company is discriminating against the South Korean market. The company announced via its website that it will suspend orders for the Model 3 [...]
SEOUL, Aug. 2 (Korea Bizwire) — South Korean mothers are engaging less in breastfeeding in public locations due to a decreasing number of newborn babies and increasing use of infant formula, experts say. Statistics Korea reported that the number of newborn babies plunged from 438,400 in 2015 to 272,400 last year. The rate of breastfeeding [...]
SEOUL, Aug. 2 (Korea Bizwire) — Korean automaker Hyundai Motor Co. beat its Japanese rival Toyota to become the world’s largest fuel cell electric vehicle (FCEV) maker in the first half of the year with the release of a facelifted model, industry data showed Monday. Hyundai Motor, the maker of the NEXO SUV, sold about [...]
SEOUL, Aug. 2 (Korea Bizwire) — Korean battery firms are boosting investment in key materials to secure a stable electric vehicle (EV) battery supply chain and lower manufacturing costs in the face of intensifying global competition. Three Korean battery makers — LG Energy Solution Ltd., Samsung SDI Co. and SK Innovation Co. — have announced [...]
SEOUL/BUSAN, July 31 (Korea Bizwire) — Unionized parcel delivery workers are demanding better working conditions to cope with the intense summer heat, saying several couriers collapsed in the scorching weather this week. According to the Parcel Delivery Workers’ Solidarity Union, a 57-year-old courier at a Lotte Global Logistics terminal in Busan, 450 kilometers southeast of [...]
SEOUL, July 30 (Korea Bizwire) — The labor ministry said Friday that Seoul National University harassed its sanitation workers by requiring them to take written exams that were largely unrelated to their work. The ministry carried out an investigation into allegations of workplace harassment after a sanitation worker at one of the university’s dormitories was [...]
SEOUL, July 30 (Korea Bizwire) — South Korea’s science ministry said Friday the country will spend 7.4 billion won (US$6.4 million) in researching messenger RNA (mRNA) vaccine technology by 2024 in a move to boost its preparedness against infectious diseases. The relatively new type of vaccine has recently been in the spotlight as global pharmaceutical [...]