DAEJEON, April 20 (Korea Bizwire) — A modular facility of negative pressure rooms that was developed for treatment of severe COVID-19 patients by the Korea Advanced Institute of Science & Technology (KAIST) has won a grand prize in a globally-renowned design competition. A team led by Nam Taek-jin, a professor and the head of Industrial [...]
SEOUL, April 20 (Korea Bizwire) — With the job market still sluggish due to the spread of the coronavirus, an increasing number of young people are choosing to take matters into their own hands and launch their own businesses. The number of young people aged between the ages of 15 and 29 who were self-employed [...]
SEOUL, April 19 (Korea Bizwire) — Nearly one out of three middle and high school students in South Korea mulled suicide over the past year due to academic burden, a survey showed Monday. In a poll of 5,669 middle and high school students conducted by the state-run National Youth Policy Institute from July to October [...]
SEOUL, April 19 (Korea Bizwire) — South Korea said Monday it plans to crack down on any illegality involving cryptocurrencies, such as money laundering, until June amid skyrocketing prices of virtual money. The interagency crackdown comes as the latest frenzied buying of bitcoin and other cryptocurrencies raises concerns about speculative investments and potential illegal activities, [...]
SEJONG, April 19 (Korea Bizwire) — The number of South Korean stay-at-home fathers reached an all-time high in March as fewer women took charge of bringing up kids, government data showed Monday. A total of 13,000 South Korean men outside the labor force were in charge of child care last month, up 6,000 from a [...]
SEOUL, April 18 (Korea Bizwire) – South Korea said Sunday it will spend 42 billion won (US$37.6 million) by 2025 to develop a response system against illegal drones amid growing security threats from the fast-developing technology. A consortium of 23 companies and research institutes — which includes the Korea Atomic Energy Research Institute, the Korea [...]
SEOUL, April 18 (Korea Bizwire) — South Korea will allow three more airports to run international “flights to nowhere” to help the pandemic-hit airline and duty-free industry ride out the prolonged crisis, the transport ministry said Sunday. Flights to nowhere start and end at the same airport and offer tax-free sales, while passengers are exempted [...]
SEOUL, April 17 (Korea Bizwire) — South Korean civic groups held a press conference Saturday to denounce Japan’s recent decision to discharge into the ocean contaminated water from the crippled Fukushima nuclear power plant. Eight groups, including the Global Econet, lambasted the plan to release the radioactive water as an “irresponsible” act and demanded the [...]
SEOUL, April 16 (Korea Bizwire) — South Koreans’ protests against Japan’s bid to dump contaminated water from the destroyed Fukushima nuclear plant into the sea are spreading across many sectors of society, with a number of protest rallies held in Seoul and elsewhere on Friday. A civic group that comprises merchants from the Noryangjin Fisheries [...]
SEOUL, April 16 (Korea Bizwire) — Chinese electric bus manufacturers are scrambling to secure production plants in South Korea. Sources said that three South Korean companies in charge of the exclusive distribution of Chinese electric buses are working with Chinese firms to set up production facilities for electric buses. It is the first time for [...]