SEOUL, Feb. 15 (Korea Bizwire) — Many young job seekers in South Korea are making a variety of attempts to recover from the depression caused by the spread of the coronavirus. A 27-year-old job seeker who submitted applications to more than 10 companies but failed to get a job recently applied to the court to [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s auto exports jumped 29.5 percent on year in January, as global demand showed signs of modest recovery from the coronavirus pandemic, data showed Monday. The nation’s auto production and domestic sales rose 24.9 percent and 18.4 percent on year in January, respectively, according to the data from [...]
SEOUL, Feb. 15 (Korea Bizwire) — Hyundai Motor Co. on Monday unveiled the interior design of the IONIQ 5, the first all-electric model with its own electric vehicle platform, ahead of its global unveiling next week. The IONIQ 5 midsize crossover vehicle comfortably accommodates both passengers and cargo as the electric-global modular platform allows for [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s state pension fund is estimated to have chalked up massive profits from its holdings of shares in electric vehicle leader Tesla Motors Inc. with the share price rising at an explosive pace in recent years. The National Pension Service (NPS) made its first disclosure that it owned [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korean mobile carriers are aiming for mass user migration to 5G networks this year after failing to meet their subscriber targets in 2020 amid the pandemic. The country ended last year with a total 11.85 million 5G subscribers, with SK Telecom Co., the country’s largest wireless carrier, leading [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korean companies are accelerating their shift toward renewable energy to meet tighter emission goals and get ahead in the clean technology development. Major companies have committed to use 100 percent renewable energy by 2050 to join the global clean energy RE 100 initiative led by the international nonprofit [...]
SEOUL, Feb. 12 (Korea Bizwire) — South Korean shipbuilders led by Hyundai Heavy Industries Co. have jacked up their order targets for this year by over 40 percent compared with last year, as the global shipbuilding industry is expected to see a boom on the back of toughened environmental regulations. Korea Shipbuilding & Offshore Engineering [...]
SEOUL, Feb. 12 (Korea Bizwire) — A Seoul-based nongovernmental organization has called for the withdrawal of a paper written by a Harvard University professor claiming that Japan’s wartime sexual slavery was voluntary prostitution. The Voluntary Agency Network of Korea (VANK), a group known for international online campaigns to promote the awareness of South Korea’s history, [...]
SEOUL, Feb. 11 (Korea Bizwire) — Samsung Electronics Co. is releasing new budget smartphones in the global market to boost sales, as the South Korean tech giant eyes fending off challenges against its rivals amid the pandemic. Samsung launched the Galaxy A12 on Wednesday in South Korea with a price tag of 275,000 won (US$245). [...]
SEOUL, Feb. 11 (Korea Bizwire) — South Korea’s state overseas aid agency said Thursday that it plans to inject US$6.4 million into Vietnam’s efforts to enhance industrial energy efficiency and promote environmentally friendly growth until 2025. The funds will be used to examine about 20 energy-intensive businesses in Vietnam to check their energy efficiency and [...]