SEOUL, April 2 (Korea Bizwire) — As the number of foreign nationals in South Korea with voting rights to participate in next week’s Seoul and Busan mayoral by-elections reached more than 40,000 people, some sentiments are raising questions as to why they can vote. Experts argue, however, that voting rights are their legal entitlement. In [...]
SEOUL, April 2 (Korea Bizwire) — A recent court decision ruled that the seat structure designed for disabled persons in public buses, which obliges them sit sideways rather than facing forward, amounts to an act of discrimination. The Supreme Court announced Thursday the conclusion of a lawsuit filed by a disabled person against a transportation [...]
SEOUL, April 2 (Korea Bizwire) — A court-led restructuring process for SsangYong Motor Co. is set to begin as early as next week as a sole potential investor didn’t submit a letter of intent to acquire the financially troubled carmaker, industry sources said Friday. SsangYong Motor’s Indian parent Mahindra & Mahindra Ltd. has been in [...]
SEOUL, April 2 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp., South Korea’s two biggest carmakers, said Friday their combined U.S. sales jumped 76 percent in March from a year earlier on robust demand for their SUV models. Hyundai and Kia sold a total 141,926 vehicles in the United States last month from [...]
SEOUL, April 2 (Korea Bizwire) — A South Korean research team has found that the extract of invasive algae called Sargassum horneri, believed to have come from China’s east coast, has the effect of preventing and curing psoriasis, an inflammatory skin condition. Sargassum horneri’s several branches stem from its small sitting cushion-shaped root. The branches [...]
SEOUL, April 2 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Thursday that it has established the nation’s first ‘digital health pass’ platform in collaboration with Incheon International Airport and the Inha University Hospital. The company said that the platform aims to support the safe entry and departure of people into [...]
SEOUL, April 1 (Korea Bizwire) — U.S. tech giant Google will invest more than 50 billion won (US$44.15 million) in Kakao Mobility Corp., the country’s top taxi-hailing company, parent Kakao Corp. said Thursday. Google will invest in Kakao Mobility by acquiring new shares worth 56.51 billion won, according to a regulatory filing from Kakao. The [...]
SEOUL, April 1 (Korea Bizwire) — The Voluntary Agency Network of Korea (VANK), a civic group promoting the country and its history online for an international audience, said Wednesday that an Advanced Placement (AP) textbook published in the U.S. this year severely distorts Korean history. “AP World History: Modern” for 2021 published by McGraw-Hill lists [...]
SEOUL, April 1 (Korea Bizwire) – Samsung Electronics Co. has lowered the price of its latest foldable smartphone, the Galaxy Z Fold2, industry insiders said Thursday, in an effort to popularize the foldable smartphone category. The ex-factory price for the Galaxy Z Fold2 5G, which was launched last September, has been set at 1.892 million [...]
SEOUL, April 1 (Korea Bizwire) — South Korea pledged Thursday to support the power semiconductor industry amid growing demand for energy-efficient chips with stronger durability. Under the goal, the country plans to develop at least five power semiconductor products by 2025, according to the Ministry of Trade, Industry and Energy. South Korea also plans to [...]