SEOUL, March 17 (Korea Bizwire) — Hyosung Advanced Materials Corp. a carbon fiber business unit of South Korean textile and chemical conglomerate Hyosung Group, said Tuesday that it will supply airbags for Robotaxi, a completely autonomous vehicle developed by Amazon. Hyosung Advanced Materials’ subsidiary and a airbag manufacturer Global Safety Textiles GmbH signed a contract [...]
SEOUL, March 17 (Korea Bizwire) — In a sign of a mild improvement in the job market hit hard by the pandemic, South Korea’s job losses eased last month compared to the previous month, but it would take longer than expected time for employment in Asia’s fourth-largest economy to show a meaningful recovery. The number [...]
SEOUL, March 17 (Korea Bizwire) — South Korea’s telecommunications regulator said Wednesday it will push for a law revision to set limits on user payments to livestream broadcasters amid reports of financial damage to users that splurge on the platforms. Many video streaming platforms, including YouTube and local rival Afreeca TV, operate live payments, in [...]
SEOUL, March 17 (Korea Bizwire) — Sales of electric vehicles in South Korea nose-dived more than 45 percent in the first two months of the year amid a lack of subsidy policies and customer expectations for rollouts of new models, data showed Wednesday. A total of 2,444 EVs were sold in Asia’s fourth-largest economy in [...]
SEOUL, March 17 (Korea Bizwire) — SK Chemicals Co. announced on Tuesday that it will market a new packaging material that was developed using chemical recycling technology, by the end of this year. For the chemical industry, the waste plastic recycling is classified into two types – mechanical recycling and chemical recycling. Unlike mechanical recycling, [...]
SEOUL, March 16 (Korea Bizwire) — Hyundai Motor Group will post improved profitability in 2021 on its diversified lineup and cost reductions, the group’s chairman said Tuesday. In an online townhall meeting with employees, Hyundai Motor Group Chairman Chung Euisun said, “the company’s profitability will improve a lot this year as it made a turnaround [...]
SEOUL, March 16 (Korea Bizwire) – Almost all of South Korea was blanketed Tuesday by a massive yellow dust storm originating from the inland deserts in northern China, the state weather agency said. According to the Korea Meteorological Administration (KMA), almost all parts of the nation came under the influence of high levels of yellow [...]
SEOUL, March 16 (Korea Bizwire) — Criticism is growing over the moral hazard of some foreign diplomats in South Korea who are abusing the Vienna Convention on Diplomatic Relations. The foreign diplomats and their families cannot be punished under domestic law even if they commit crimes. Under the Vienna Convention on Diplomatic Relations, they are [...]
SEOUL, March 16 (Korea Bizwire) — Many female job seekers are being subject to cases of gender discrimination by employers. Gabjil 119, an advocacy group for workplace bullying victims, reported that there have been 559 cases of illegal activities reported to the Ministry of Employment and Labor since the employment law was amended in July [...]
SEOUL, March 16 (Korea Bizwire) — The government is stepping up to distribute uniforms recycled from plastic bottles to the military and the police. The Ministry of Environment hosted a ceremony in Seoul on Monday where the Ministry of Defense, the National Police Agency, and the Korea Federation of Textile Industries bought technical wear made [...]