SEOUL, April 9 (Korea Bizwire) – Friday’s rollout of a prototype of South Korea’s first homegrown fighter jet after 20 years of hard work marks a watershed moment for the country’s history of national defense and related industries. But multiple challenges still stand in the way of its ultimate success amid partner Indonesia’s seemingly wavering [...]
SEOUL, April 9 (Korea Bizwire) — A two-month long clash following a military coup d’etat between the Myanmarese military and protestors is leading many immigrants in South Korea to take action. Hay Man Hnin, a 32-year-old man who came to South Korea three years ago and recently completed a master’s program in paedology at a [...]
SEOUL, April 9 (Korea Bizwire) — A foreign children fashion brand is gaining attention after releasing a series of new clothes with large inscriptions of Korean letters. Mini Rodini, a Swedish fashion brand for children popular in South Korea for its unique, colorful patterns, recently released a series of new clothes for spring and summer, [...]
SEOUL, April 9 (Korea Bizwire) — SK Engineering & Construction Co., a leading South Korean builder, has launched a drive to develop an independent model for a floating structure, a core component of offshore wind power farms that is drawing attention as an eco-friendly renewable energy source. The company announced on Thursday that it had [...]
SEOUL, April 9 (Korea Bizwire) — SK Telecom Co., the country’s largest mobile carrier, said Thursday that it had entered into a business agreement with the Korea Disease Control and Prevention Agency (KCDC) for the establishment of an artificial intelligence (AI)-based service designed to help with COVID-19 vaccination. Under this system, SK Telecom’s NUGU AI [...]
SEOUL, April 8 (Korea Bizwire) – South Korea’s science ministry said Thursday it will spend 25.3 billion won (US$22.6 million) over six years to acquire core hydrogen-related technologies as the country seeks to boost its hydrogen industry. The ministry said it will commit 3.3 billion won this year and aims to develop promising hydrogen production [...]
SEOUL, April 8 (Korea Bizwire) — South Korea’s agricultural ministry said Thursday it plans to expand the size of the insects market to 140 billion won (US$124 million) by 2025 and foster the segment as a new growth engine for the country’s food industry. The targeted market value marks 55 percent growth from 2019, according [...]
SEOUL, April 8 (Korea Bizwire) — Global streaming giant Netflix is ending its free one-month trial service in South Korea. As of Wednesday, the company ended the 30-day trial service in South Korea, five years after the company began South Korean operations in January 2016. The free trial service, which Netflix has offered since shortly [...]
SEOUL, April 8 (Korea Bizwire) — Expensive luxury brands are racking up strong sales despite the coronavirus outbreak. Consumers, denied oversea travel, have resorted to spending on luxury goods instead, gaining popularity among the MZ Generation (millennials and Generation Z) in particular. The Financial Supervisory Service reported that Christian Dior Couture Korea Co., the South [...]
SEOUL, April 8 (Korea Bizwire) — With online classes becoming commonplace due to the spread of the coronavirus, South Korean students are using computers more often and reading less. The state-run Korea Information Society Development Institute analyzed patterns of media use for students between 8 and 18 years of age during online classes. The analysis [...]