SEOUL, July 15 (Korea Bizwire) — Demand for meat alternatives is surging as a growing number of Koreans are gaining interest in health. In response, the food industry is scrambling to expand relevant businesses. Local meal-kit producer Fresheasy recently won operating rights in South Korea for v2food, an Australian meat substitute producer. Starting in the [...]
SEOUL, July 15 (Korea Bizwire) — Drug smuggling caught by South Korea’s customs agency more than doubled in the first half of the year as trafficking via non-contact delivery means rose amid the pandemic, data showed Thursday. A total of 214.2 kilograms of drugs were confiscated in the January-June period, up 153 percent from a [...]
SEOUL, July 15 (Korea Bizwire) — The public restrooms in Seoul are being transformed with a new ‘universal design.’ The Seoul Metropolitan Government and its affiliated Universal Design Center said Wednesday that they had applied non-discriminatory ‘universal design’ for the public restrooms at three district community centers. Universal design refers to design principals make a [...]
DAEJEON, July 14 (Korea Bizwire) — A South Korean research team has developed new technology that can help reduce the size of radioactive waste down to one-tenth of its original size. The Korea Atomic Energy Research Institute said Tuesday that it had developed a new method of processing uranium waste currently stored at a petrochemical [...]
SEOUL, July 14 (Korea Bizwire) — Kim Ji-na, a mom of two children, is on a postpartum diet and tries to eat food high in protein but low in calories so that she doesn’t feel tired and grouchy. On busy mornings, the 38-year-old often grabs protein bars made of egg whites and almond or packaged [...]
SEOUL, July 14 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Wednesday it will invest 10 trillion won (US$8.7 billion) by 2025 to expand its battery material, renewable and bio businesses. The chemical unit under LG Group said it will speed up its transition to an eco-friendly business portfolio by expanding [...]
SEOUL, July 14 (Korea Bizwire) — The military called off the already postponed annual training for reserve forces due to explosive spikes in COVID-19 cases, the defense ministry said Wednesday. It is the second straight year that the military canceled the annual training. The training program had never been skipped before since its introduction in [...]
SEOUL, July 13 (Korea Bizwire) — The Moon Jae-in administration is set to end its term having failed to deliver on its promise to raise the minimum hourly wage to 10,000 won (US$8.74) due to strong pushback from businesses and the unprecedented challenges posed by the COVID-19 pandemic. The Minimum Wage Commission, a tripartite panel [...]
SEOUL, July 13 (Korea Bizwire) — As the job market continues to deteriorate, both employers and employees were found to have a high level of mistrust in hiring practices, a survey showed Monday. Recruiting platform Saramin conducted a survey of 1,210 job seekers, 51.6 percent of whom had doubts about the fairness of the hiring [...]
SEOUL, July 13 (Korea Bizwire) — Lotte Chemical Co., a major South Korean petrochemical company, said Tuesday it will invest 4.4 trillion won (US$3.8 billion) in the hydrogen business by 2030 to cut its carbon emissions and foster the new growth driver. The petrochemical unit of Lotte Group said it aims to generate 3 trillion [...]